MakeMyTrip’s Kalra, Flipkart’s Binny Bansal & others back AI fund pi Ventures

pi VenturesEarly-stage venture fund pi Ventures has announced the first close of its maiden fund at $13 million, with technology entrepreneurs such as former Infosys CFO and Aarin Capital chairman TV Mohandas Pai, Flipkart’s Binny Bansal, MakeMyTrip’s Deep Kalra and Info Edge’s Sanjeev Bikchandani, and angel investor Bhupen Shah, backing it, among others. The fund has […]

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Big data hiring startup Belong raises $10 mn from Sequoia, Matrix Partners

BelongBangalore-based recruitment solutions startup Belong.co, owned and operated by Belong Technologies India Pvt. Ltd, has raised $10 million (Rs 67 crore) in Series B funding led by Sequoia Capital India. Existing investor Matrix Partners India also invested in this round, Belong said in a statement. The company, which raised $5 million in 2015, said that […]

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Exclusive: Tax information portal TaxSutra raises third funding round

TaxSutraPune-based Taxsutra Services Pvt Ltd, which runs tax information portal TaxSutra, has raised Rs 2.5 crore in its third round of funding from existing investors V Balakrishnan and T V Mohandas Pai, former board members and CFOs of Infosys. Former tax head at IT firm Wipro Ltd P V Srinivasan also participated in this round […]

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Ed-tech startup Byju’s raises $15 mn from IFC

For-Byju-Story-VC_ThinkstockPhotos-514236802Ed-tech startup Byju’s has raised $15 million from International Finance Corporation (IFC), the World Bank’s private-sector investment arm. VCCircle had first reported in July that Byju’s was close to raising between $25 million and $50 million for international expansion, and had named IFC as one of four potential investors. IFC had also made a disclosure […]

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Pocket Aces raises $3 mn led by Sequoia Capital

Seed_funding_junaidMumbai-based Pocket Aces Pictures Pvt Ltd, which runs digital entertainment startup Pocket Aces, has raised $3 million (Rs 20 crore) in a round of funding led by venture capital firm Sequoia Capital India, the company announced on Thursday. Other investors included North Base Media, TV Mohandas Pai-led Aarin Capital, 3one4 Capital, Axilor Ventures, and FreeCharge […]

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Ola to pursue predatory pricing complaint with government

OlaCab-hailing service Ola is pursuing its predatory tactics complaint against its competitor—the US-headquartered Uber, though it did not specifically name the latter—with government authorities. “We have spoken to a few stakeholders in the government. We have made the government aware of the predatory pricing by the competition and the government has taken cognisance of the […]

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Exclusive: Aavishkaar invests in e-commerce logistics firm Connect India

Connect IndiaConnect India, which claims to be building a last-mile network of distribution points for e-commerce firms across the country, has raised fresh funding from one of its existing investors, a person privy to the development told VCCircle. The Bengaluru-based firm, which is run by Connect India e-commerce Services Pvt. Ltd, has raised a round of growth […]

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Ratan Tata leads as Flipkart, Snapdeal founders vanish from top angels’ list

Ratan-N.-TataRatan Tata, chairman emeritus at Tata Sons Ltd, is heading the pack of India’s top angel investors so far this year while the founders of Flipkart and Snapdeal are conspicuous by their absence from the list. The 78-year-old Tata, who started investing in startups after retiring as chairman of the diversified Tata Group in December […]

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Drone startup SwarmX raises capital from TV Mohandas Pai

TV Mohandas PaiTV Mohandas Pai, chairman of Manipal Global Education and former CFO and HR head of Infosys, has invested an undisclosed amount in Singapore-based drone technology startup SwarmX Pte. Ltd, according to a spokesperson of 3One4 Capital Partners, Pai’s family office. It could not be immediately ascertained if other investors too participated. SwarmX’s offering SwarmX Hive […]

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Exclusive: Content portal Campus Diaries raises funding from Aarin Capital, others

Funding_mukulCampus Diaries Media and Communications Pvt. Ltd, which operates a content discovery portal targeted at school and college students, has raised Rs 1.5 crore ($220,000) from Aarin Capital and others in its second round of angel investment. Ravi Mantha of Sagelock Investments and 3one4 Capital Partners, the family office of former Infosys finance chief and […]

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