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startup funding

Bangalore-based mfine, an app-based on-demand healthcare service provider, has raised $4.2 million in Series A funding led by Prime Venture Partners along with participation of existing investors Stellaris Venture Partners and Mayur Abhaya (CEO and MD of LifeCell).The startup will use freshly raised funds to build larger hospital network,...

In its first India investment, world's largest automaker Toyota, through its subsidiary Toyota Tsusho Corp, has led a $30 million (~ Rs 203 crore) in Series D equity financing round of Droom, a Gurgaon-based online marketplace for used automobiles and auto services. The financing round was also co-led by...

​Hardly three months after raising $200 million from Ant Financials, Zomato is reportedly in talks to raise another fresh $200 million from Alibaba. Coincidentally, Zomato's competitor Swiggy is also close to raise fresh funds up to same amount of $200-million in a new financing round with participation from Yuri...

Fintech startup Open, which offers a digital banking service for small businesses, announces its pre-series A funding led by Unicorn India Ventures and Recruit Co. Ltd, through its investment subsidiary RSP India Fund LLC. Existing investors ISME-ACE and Vaibhav Domkundwar’s BetterCapital AngelList syndicate also participated in...

Bangalore-based edtech startup Knudge.me has raised undisclosed amount of funding in a round led by Indian Angel Network (IAN) along with participation from Axilor Ventures, a seed fund and accelerator founded by industry veterans including S Shibulal and Kris Gopalakrishnan, among others.Notably, Knudge.me was part of Axilor’s...

After selling its significant minority stake in Flipkart to Walmart, Japenese internet giant SoftBank has held early discussions to invest more in Paytm Mall, an online and mobile marketplace and a subsidiary of One97 Communications' Paytm brand, which also counts Chinese online commerce giant Alibaba as its investor.Just last...

Mumbai-based Quick Service Restaurant (QSR) Charcoal Eats today announced an ₹50 million Pre-Series A round of funding led by HNI investors such as Rajesh Ramanathan - Head Global Growth Mondelez, Kush Verma - Asoka Capital, Sanjay Bhandarkar - Rothschild, Amit Gupta - New Quest Capital Partners, Vishesh Shrivastav -...

Mumbai-based i3systems, a healthcare machine learning product company, with a particular focus on the insurance clients, has raised $1 million (Rs 6.75 crore) from Unitus Ventures, a marquee impact investment firm.The other investors who participated in the round includes two of startup’s existing investors -- Behram Vakil, founding partner...

Chennai-based logistics tech startup FreightBro has raised an undisclosed amount in a seed round from Suresh Kumar, former global CIO of Bank of New York Mellon. With this funding, Kumar joins the company as an advisor. Kumar’s vast experience in running over 10,000 employees will be helpful for FreightBro’s...

Co-founders of Indian cab hailing firm Ola, Bhavish Aggarwal and Ankit Bhati, have together invested fresh US$66,810 (~ ₹45 lakh) in Pune-based electric vehicle (EV) making startup Tork Motorcycles (Tork). Bhavish has invested nearly Rs 30 lakh while Bhati contributed about Rs 15 lakh, in lieu of shares.This is...