startup funding

Startup Funding Weekly Roundup – 6 April – 11 April’19

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Himachal Startup NotOnMap gets €250,000 Euro Grant from Booking.com

Chamba, Himachal Pradesh-based startup Notonmap, which seeks to create livelihood for people in rural areas by connecting them to offbeat travellers, has bagged a Euro €2,50,000 grant (~ US $2,80,887) from travel portal Booking.com. The grant of € 2,50,000 to NotoOnMap is the highest grant received by any startup and the Indian startup has received the money for its proposed expansion plans in the future… Read More

PolicyBazaar Gets $152 Mn in 1st Tranche of Series F led by SoftBank Vision Fund

Gurgaon-based ETechAces Marketing and Consulting Pvt. Ltd. (“Policybazaar Group”), the parent of online portals – PolicyBazaar and PaisaBazaar, has secured about $152 million (Rs 1,059.4 crore) in the first tranche of its Series F funding round, led by Japan’s SoftBank Vision Fund, according to the company’s filings with the Registrar of Companies (RoC) sourced by paper.vc. The capital infusion also saw participation from InfoEdge via its subsidiary Diphda Internet Services, private equity firm True North… Read More

Big Data Analysis Firm Peel-Works Raises $5 Mn from Equanimity Ventures, HDFC Bank and Others

Mumbai-based Peel-Works, a big-data and analytics startup focussed on retailing, has raised $5 million in Series B in a round led by Equanimity Ventures. The funding round also saw participation from HDFC Bank, Bruno Raschle and existing investors Unilever Ventures, Chiratae Ventures and Inventus Capital India, reports LiveMint. The company has two proprietary software products — Taikee, a B2B e-commerce platform and Athena, a ‘real’​ market measurement standard for unorganised retail. The fresh capital raised… Read More

Ola Electric Mobility Raises Fresh Capital from Ratan Tata in Series A Round

Ola Electric Mobility Pvt Ltd (Ola Electric), the electric Vehicle unit of Ola, has announced that Ratan Tata, Chairman Emeritus of Tata Sons, has invested in the company as part of its Series A round of funding. Tata is also an early investor in ANI Technologies Pvt Ltd, Ola’s parent company. “His investment in Ola Electric will bring his deep experience and mentorship to the company’s ambitions to make electric mobility viable at scale,” the… Read More

Smart Motor Startup Atomberg Raises Fresh Funds from Suman Kant Munjal Family office (Hero Group)

Mumbai headquartered Atomberg Technologies, a smart and efficient motor based company in the business of manufacturing energy efficient and smart ceiling fans named Gorilla, today announced that it has raised an undisclosed amount from Suman Kant Munjal family office (Hero Group). The funding will be used for expanding operations to other cities and new product development. The announcement comes hot on heels with Atomberg having launched Renesa Smart Plus wi-fi enabled fans this month on… Read More

Mumbai-based Yoga Startup SARVA Raises $6 Mn from Jennifer Lopez, Alex Rodriguez and Others

Mumbai-based yoga and wellness startup, SARVA has raised a $6-million seed funding round from celebrities from fitness and music industry including superstar Jennifer Lopez and her fiance, baseball legend Alex Rodriguez, marking the duo’s very first investment in an Indian venture. SARVA, which has some 55,000 members across 70 yoga studios in 35 cities, offer a varied range of engaging and customized yoga services drawn from the best of ancient and modern techniques… Read More

IIT-Delhi Alumni Startup Acciojob Raises ₹1.25 Cr from Mehta Ventures Family Office

Gurgaon-based Acciojob, an online placement services to students, colleges, and companies, has raised ₹ 1.25 crore in a funding round led by Mehta Ventures family office, along with contribution from existing investor and Silicon Valley’s influential startup accelerator Y Combinator, which invested $150K of seed fund in AccioJobs in last month only. “Campus hiring in India is mostly done manually until now. We aim to create a network of colleges and become the central placement… Read More

Harsha Bhogle Invests in FinTech Startup ChqBook.com

One of the most renowned names from the cricketing world, Harsha Bhogle, comes on board as an investor at ChqBook.com, India’s largest curated market place for personalized financial services. Harsha has invested an undisclosed amount in the Gurgaon based startup that allows customers to explore, compare and buy personal finance products such as personal loans, home loans and credit cards. Over his career of 30 years, Harsha has delivered an unbiased and honest view of… Read More

Solar Tech Startup ZunRoof Raises $1.2 Mn from Godrej family office

Gurgaon headquartered ZunRoof, a solar tech startup, has raised a fresh round of pre-series A funding of $1.2 million from Godrej family office. ZunRoof, which has designed solar rooftops for over 10,000 residential houses, plans to use the funds raised in its expansion and further strengthen its product portfolio. With this round, the startup has raised a total of about $1.5 million in funding over four rounds. The startup last raised funds in January when… Read More

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Suman Chaudhary
An engineer by education and writer by profession, Suman keeps tab on startup ecosystem of India and leads the research team of IndiaWeb2 for covering funding deals, merger & acquisition and market reports.

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