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startup funding

Gurgaon-based OfBusiness, a startup that finances small and medium enterprises (SMEs), has raised Rs 200 crore (~ US$29.18 million) in series-C funding round led by US-based Creation Investments and Falcon Edge. Existing investors Matrix Partners and Zodius Capital also participated in the round.The freshly raised funds will help...

StayAbode, a start-up that is building co-living spaces, has closed a pre-Series A round of funding for an undisclosed amount from Anupam Mittal (CEO, People Group) and Vineet Sekhsaria (Head, Real Estate investing, Morgan Stanley) and Japanese gaming company Akatsuki Inc. The investment comes after a strategic round led...

CCube AngelsNetwork, Singapore based angel investing network has invested in Inner Being Wellness Pvt.Ltd (hereinafter referred to as InnerBeing),a Nutri-food start up based out of Hyderabad. The start-up has received INR 35 million (SG $6,90,131) from partners, Atim Kabra, Vipin Agarwal and Sandesh Pandhare and few others.Inner Being...

Bangalore-based Magic Crate, an early childhood learning brand, has raised an undisclosed amount in its third round of institutional funding led by Fireside Ventures. The Company had earlier raised funding led by Mohandas Pai backed Aarin Capital and 3One4 Capital. The latter also participated in the current round.Magic Crate...

India’s largest commercial vehicle maker, Tata Motors Ltd, has picked up 26% stake in Bangalore-based logistics & freight aggregating startup TruckEasy. With this, Tata motors, the flagship of the $100-billion Tata Group, marked its first ever stake-purchase in a domestic startup.The investment for the stake purchase was not disclosed...

GUrgaon-based Boodmo, which is India’s fastest growing online marketplace for automobile spare parts, has raised its share capital with an additional INR 5 Crores worth of investment through FDI from an undisclosed investor. Founded in 2015 by Yevgen Sokolnikov and Oleksandr Danylenko, two entrepreneurs from Ukraine, boodmo started selling...

Bangalore-based Kinara Capital, a brand of Visage Holdings and Finance Private Limited (NBFC), has raised Rs 32 crore (~ US$5 million) in non-convertible debentures from Zurich,Switzerland-based responsAbility Investments, an asset manager which specialises in debt and equity financing for private firms, reported Times of India.Founded in...

The Small Industries Development Bank of India (SIDBI) has committed Rs 200 crore under the Government of India's Fund of Funds Scheme (FFS) to four alternative investment funds (AIFs) -- Omnivore Partners India Fund 2, TVS Shriram Growth Fund 3, IQ Alpha III, and Capaleph Indian Millennium SME Fund,...

Pune-based healthcare startup SynThera Biomedical Private Limited, which focuses on R&D, manufacture and commercialization of affordable biomaterials-based medical devices, has secured an undisclosed amount of seed funding investment from two investors – equity crowd-funding platform 1Crowd and the government’s Biotechnology Industry Research Assistance Council (BIRAC) SEED scheme via Venture...

Colorado, US-based Unreasonable Capital, an early stage investor focused on emerging markets, has made its debut investment in India as well as Asia with Gurgaon-based edtech startup Stones2Milestones. InMobi co-founder Piyush Shah also participated in the this round of funding. The financial details of the fund transaction remain undisclosed...