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KartRocket raised $6Mn through BII

eCommerce solutions provider, KartRocket has raised $6 million in funding led by Bertelsmann India Investments (BII) with participation from existing investors, Nirvana Digital India Fund, Nirvana Digital Investment Holding Co Ltd, US-based 500 Start-Ups and Singapore’s Beenext. The fresh investment will help the company in product development, talent acquisition, seller ecosystem development and performance marketing. KartRocket…

PM Modi Announces Three Year Tax Holiday, Rs. 10,000 Crore Fund For Startups

Narendra Modi, Startup India

Prime Minister Narendra Modi on Saturday announced opening app-based registration for companies to be completed in a single day, a startup fund of Rs. 10,000 Crore and waiver of capital gains tax for startups among the several allowances that government has decided to make for startups. “There will be no income tax on startups’ profits…

Shopclues Raises $100M in Series E to Become a New Indian Unicorn

Indian eCommerce marketplace, Shopclues has raised over $100 million in Series E round, led by GIC, the largest sovereign wealth fund of Singapore. Existing Investors including Tiger Global and Nexus Venture Partners also participated in the round. This Gurgaon based platform is valued at $1.1 billion as per the company release. The company had raised $100 million…

Hike Messenger Bags Investment from the Founders of Quora, WordPress and Others

Hike messenger, the internet based cross platform instant messaging service, has raised fund from Silicon Valley tech biggies including Adam D’Angelo (founder & CEO at Quora), Aditya Agarwal (Dropbox‘s Vice President), Matt Mullenweg (WordPress co-founder) and Ruchi Sanghvi (former Vice President, Operations, Dropbox). This investment has been made in personal capacity by the aforementioned individuals, and…

Online meal delivery startup SpoonJoy raises $1 million from SAIF partners

spoonjoy, funding news

Bangalore-based Emvito Technologies Pvt Ltd, which operates SpoonJoy, a subscription-based online platform that allows office goers and other consumers order meal packs such as set cut-fruit packs, has raised $1 million from SAIF Partners. With the new round of funding, SpoonJoy plans to expand to Delhi and Mumbai in the next two months. It is currently…

Teabox raises $6+M Series A funding last hours!!!

teabox

Bangalore- and Singapore-based AsianTeaxpress Pte Ltd, which runs the speciality tea e-tailer Teabox.com, is in advanced talks with four international funds to raise $6.5 million (approx) in its Series A round of funding, its founder Kaushal Dugar told. “We are in advanced talks with four funds, of which two are from East Asia and one…

NetBase Lands an Additional $24M in Series E Funding

startups in kerala

NetBase, the enterprise-scale social media analytics company, today announced that it has completed a new round of growth funding with $24 million in Series E financing led by new investor Spring Lake Equity Partners. Also participating in the financing were long-time investors Thomvest Ventures, Altos Ventures, and WestSummit Capital. NetBase will use this additional funding…

ChargeBee Raises $5M Series B Led By Tiger Global

funding news

ChargeBee, a Chennai-based startup that helps companies manage their billing and subscription needs, is the latest investment for Tiger Global in India. The startup has closed a $5 million Series B round led by the New York-headquartered investment fund, with participation from previous backer Accel — which put together ChargeBee’s $800,000 Series A round last year. Founded in…

Genomics startup Mapmygenome raises $1.2M in pre-Series A from Rajan Anandan, others

mapmygenonia, funding news

Hyderabad-based Mapmygenome India Ltd, a genetic testing startup which offers a variety of services in the domains of personal genomics, molecular diagnostics, DNA forensics and brain wellness, has raised Rs 7 crore ($1.2 million) in a pre-Series A round from a bunch of angel investors, as per a company statement. The investors include Aarti Grover…

Social media management startup Crowdfire raises $2.5M in Series A funding from Kalaari Capital

crowdfire, funding news

Mumbai-based Codigami Technologies Pvt Ltd, which owns and operates social media management startup Crowdfire, has raised $2.5 million in its Series A round of funding from Kalaari Capital, according to multiple media reports. The funds will be used for team expansion and developing marketing tools for Twitter and Instagram. Separate emails sent to both Crowdfire…

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