Here is a list of top funding deals that happened in Indian Startup Ecosystem this week. Check out the brief description about all of them.
SoftBank Group is considering an investment of more than $1 billion in office-space sharing start-up WeWork, the Wall Street Journal reported, citing people familiar with the matter. The deal could be among the first from SoftBank’s $100 billion technology fund. SoftBank and WeWork declined to comment.
Paytm is close to raising $180-200 million (around Rs1,210-1,350 crore) in an investment round led by Chinese internet giant Alibaba Group Holding Ltd, valuing the online retailer at about $1 billion, according to media reports.
The funding round will take the stake of Alibaba and its affiliate Ant Financial in Paytm, to more than 50% from 42%.
New Delhi based luxury brand for pet products, Heads Up For Tails (HUFT) has raised $2 million in its Pre-series A round from a group of HNI’s. With this fresh round, the brand plans to invest in technology advancement and expand its footprints in the country and overseas, both through the online as well as the offline medium.
Delhi-based Notesgen Technologies Pvt Ltd, which runs peer-to-peer ed-tech startup Notesgen, has raised an additional Rs 1 crore ($148,000) in angel funding from GHVAccelerator and existing angel investors, the company said in a statement. Notesgen had previously raised Rs 1 crore from angel investors in 2015. The startup will use the funds to enhance its technology and grow its user base, Manak Gulati, founder and chief executive of Notesgen said in the statement.
Stockroom.io, a company, which provides technical assessment platforms for companies, has secured a Pre Series A round funding, led by the founders of MANCER Consulting.
Stockroom.io, a Hyderabad based start-up that helps companies filter programmers through its technical assessment platform and hackathons proudly announced today that they have raised an undisclosed Pre Series A funding, led by Satya D Sinha and Gyanendra Singh, Founders of Mancer consulting. The startup, Stockroom.io that was co-founded by Naren Krishna, Hari Krishna and Ashish Kumar Sahoo in September 2015, works with an enviable list of 35 clients which includes names like Amazon, Thoughtworks, Microsoft, UrbanClap, Go-Jek, BankBazaar and has hosted more than 100+ hiring challenges till date.
Pune-based automated lead generation startup Clodura Systems Pvt. Ltd has raised an undisclosed amount of investment from a high-net-worth individual (HNI). The investment was made by Ajay Dubey, an IIT Kanpur alumnus, who has 36 years of experience with IT firms such as Infosys, Patni Computer Systems, Persistent Systems and Uniken. The startup will use the funding for product development, sales and marketing.
Avishkar, the incubator run by the IIIT Hyderabad Foundation (IIIT-H), announced that is has seed-funded five early stage startups with INR10 lakh each. The chosen startups include: Nicheai, Blue Semiconductors, Authbase, DreamVu, Docturnal. This is the third batch of IIIT Foundation’s Avishkar Deep Tech Accelerator Program.
RegisterMyMarriage.com has raised seed capital from Mumbai Angels. Marquee Investor Mr. Praveen Dubey also participated in the Pre – Seed Round in his individual capacity. RegisterMyMarriage.com aims to be the single ‘go- to’ portal for the registration process of all necessary yet problematic government documentation processes by taking them online for a major part of the process, resulting in scale and recurring revenue. It aims to expand Pan India and is currently concentrated in Delhi NCR.
Wipro’s venture arm has invested an undisclosed amount in business process platform company Tradeshift. The IT firm said it will partner with the startup to offer cloud-based supply chain solutions. Wipro said the partnership would help customers boost automation in their procurement, finance and accounting functions.
YOLO Health, a Mumbai-based healthcare start-up, has raised an undisclosed amount of funding from investment network Chandigarh Angels Network (CAN). Started in 2015 by three IITians, the start-up provides walk-in kiosks (called ATMs) with integrated medical devices, and is staffed by a medical attendant. Patients can walk into a YOLO Health ATM without an appointment and get a quick health check-up and instant health report or consult with healthcare providers via high-definition video conferencing.