Financial Services & Banks
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Opportunity India Desk Sep 29, 2017 - 1 min readIn its recently concluded fifth round of funding, a Bangalore based startup, Medinfi has raised around $200k funding. The platform equips its customers with a website and app which enable them to search doctors and hospitals in their vicinity.The recent proceed was raised by a group of investors including Mudit Saxena, Senior Vice-President at Genpact ...
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Opportunity India Desk Sep 29, 2017 - 2 min readIn an attempt to serve food for thought for all bright minds, leading business consulting company Franchise India launched country's first 'Entreprenuer Cafe' in Okhla, Delhi. Franchise India further plans to open up string of such cafes throughout the country in a bid to provide stimulation to budding entrepreneurs. "India is at the cusp ...
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Opportunity India Desk Nov 01, 2021 - 2 min readHyperlocal e-commerce platform LoveLocal has raised $ 18 million in a pre-series B funding round led by Vulcan Capital. LoveLocal has so far raised about $30 million, including the latest round. The Mumbai-based startup to utilise the funds for product development, hire people, and accelerate growth and expansion across tier 1-3 cities across India. It will ...
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Opportunity India Desk Oct 29, 2021 - 4 min readAn Indian cigarette-to hotels giant ITC Ltd. reported its results for the 2nd quarter ending September 30, 2021. It has reported a standalone profit after tax of Rs. 3,697 crore for the quarter, increasing by 14 percent from Rs 3,253 crore reported in the same quarter last year and by 23 percent from Rs. 3,013 ...
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Opportunity India Desk Oct 28, 2021 - 3 min readEnterprise software startup OSlash announced on Wednesday that it has raised $2.5 million in a round of seed funding led by Accel Partners. The pre-Series A funding round also saw participation from notable names such as Dylan Field of Figma; Akshay Kothari of Notion; Girish M of Freshworks; and other top executives from Quora, Stripe, ...
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Opportunity India Desk Oct 27, 2021 - 3 min readBengaluru-based micro-savings platform, Siply, on Monday announced to have raised $3.2 million in equity and debt as part of its Pre-Series A. The round was led by LetsVenture, AngelList India, Founder Room Circle and saw participation from investors like Kunal Shah (Cred), Beerud Sheth (Gupshup), Satish Grampurohit (Ex-Infosys), Shanti Mohan (LetsVenture) and Pratekk Agarwaal (angel ...
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Opportunity India Desk Oct 25, 2021 - 3 min readDoyobi, a provider of STEM teaching resources and teacher professional development to schools through its virtual learning environment (VLE), recently announced it has closed a $2.8 million Pre-Series A round led by Monk’s Hill Ventures. Other investors who participated in the round are Tresmonos Capital, Novus Paradigm Capital, and XA Network; and prominent angels such ...
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Opportunity India Desk Oct 18, 2021 - 3 min readPeAR, AR-based dining, and 3D-based food & beverage app recently announced to have raised funding from integrated incubator and accelerator Venture Catalysts. The company took part in Pre-Series A round funding led by Inflection Point Ventures, LetsVenture, and the Government of India. "We have seen 100 per cent month-over-month growth in the ...
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Opportunity India Desk Oct 18, 2021 - 1 min readAVIOM India Housing Finance, a micro-mortgage housing finance company, on Monday, announced to have completed its SeriesC$8 million equity funding from Sabre Partners. AVIOM founded in 2016 by Kajal Ilmi, has its presence in 14 states with more than 100 branches. It caters to low-income households in rural and semi-urban areas. It provides loans to ...
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Opportunity India Desk Oct 15, 2021 - 2 min readLeading Mattress brand Duroflex and its online sales arm Sleepyhead have raised US$ 60 million (about Rs 450 crore) from Norwest Venture Partners. This is the second external fundraising by Bengaluru-based Duroflex, which, in 2018, had raised US$ 22 million growth capital from Lighthouse. Since then, it has grown three times through focused retail and online ...