Sands Capital, IFC & others to invest $30 mn in logistics startup BlackBuck

funding-investment4Tiger Global-backed logistics startup BlackBuck has received an investment commitment of $30 million (around Rs 200 crore) in its Series C funding round from a group of new and existing investors, including Sands Capital and World Bank’s arm International Finance Corporation (IFC). Citing two unnamed persons close to the matter, Mint reported that both Sands […]

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Exclusive: Truck aggregator Ezytruk secures angel funding from Dubai-based investors

EzytrukBangalore-based logistics and truck aggregator Ezytruk Solutions Pvt Ltd has raised $147,000 (Rs 1 crore) in angel investment from Dubai-based investors Ajith Nair and Anish K. The startup will use the fresh capital to establish its commercial operations and invest in marketing and Internet of Things (IoT) development, a top company executive told TechCircle.in. “We […]

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Logistics solutions startup Roambee raises $4.1 mn in Series B funding

raisedMumbai and Silicon Valley-based Roambee Services India Pvt Ltd, which runs logistics solutions provider Roambee, has raised $4.1 million in a Series B round of funding, co-founder and chief executive Sanjay Sharma told Techcircle. Germany’s Deutsche Telekom Strategic Investments led the round with a $3.1-million infusion while “the rest of the money came from a […]

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Delhi-NCR startups lead funding activity in tepid week

startup dataStartup funding activity was muted this past week as only six startups raised venture capital and two companies secured angel or seed-stage investments. The big-ticket deals involved two Gurgaon-based companies–property search aggregator Square Yards Consulting receiving $12 million in venture capital from a private equity arm of Anil Ambani’s Reliance Group and multi-lingual test preparation […]

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Logistics-tech startup Browntape raises capital from Gati

For-Gati-Ltd-Story-TC_ThinkstockPhotos-4950598412Hyderabad-based logistics firm Gati Ltd has invested $3 million (around Rs 22 crore) in Goa-based cloud software startup Browntape Technologies Pvt. Ltd, it informed stock exchanges. Browntape, founded by Gurpreet Singh and Piyush Goel in 2012, was a part of GSF accelerator’s second batch. It makes cloud-based software, which online merchants can use to manage […]

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Exclusive: Relocation service provider Pikkol raises angel funding

PikkolBengaluru-based relocation service provider Pikkol has received seed funding from a group of angel investors, including Ajay Nanavati, former chairman of 3M India, the Indian arm of US multinational conglomerate 3M Co. and Afsal Salu, co-founder of hyperlocal delivery company Delyver, which was acquired by BigBasket. Financial details of the transaction were not disclosed. R […]

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IAN invests in relocation service provider Pikkol

PikkolBangalore-based relocation service provider Pikkol has raised an undisclosed amount of funding from Indian Angel Network. Angel investor, CEO & managing trustee Bangalore Political Action Committee (BPAC) Revathy Ashok and Raj Rathi led the funding round on behalf of IAN. As part of the investment, Rathi will join the board of the company. “Relocating to […]

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IAN invests in relocation service provider Pikkol

PikkolBangalore-based relocation service provider Pikkol has raised an undisclosed amount of funding from Indian Angel Network. Angel investor, CEO & managing trustee Bangalore Political Action Committee (BPAC) Revathy Ashok and Raj Rathi led the funding round on behalf of IAN. As part of the investment, Rathi will join the board of the company. “Relocating to […]

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Exclusive: Freight logistics marketplace Dipper raises angel funding

Delhi-based freight logistics marketplace Dipper, run by Dipper Technologies Pvt. Ltd, has raised funding from an angel investor. The company, will use the funds for marketing initiatives and ramping up operations, besides expanding its teams in Delhi and other zones, Suryansh Jalan, co-founder and CEO, Dipper, told Techcircle. It will also use the capital for […]

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Exclusive: Logistics tech startup GoBolt raises pre-Series A funding

truck_feLogistics tech startup GoBolt has raised pre-Series A funding from startup incubator MCube8, a division of financial advisory firm MCube Capital. The Delhi-based startup, run by Camions Logistics Solutions Pvt. Ltd, will use the capital for business and technology development. “We’ll be using the funds to ramp up our operations,” Parag Aggarwal, co-founder, GoBolt, told […]

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