MSME

MSME

Wellness portal AyurUniverse secures $1 mn in fresh funding

Opportunity India Desk Jul 27, 2018 - 2 min read

AyurUniverse, an online aggregator for ayurveda and yoga centres, said on Thursday that it had raised $1 million (around Rs 6.9 crore) in fresh funding. In a statement, AyurUniverse said the Ladhani family, which also backs regional airline Air Deccan, had pumped in the money. AyurUniverse was founded by Vijay Kumar Karai in 2016. The ...

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Shunwei Capital leads $5 mn investment round in vernacular knowledge-sharing platform Vokal

Opportunity India Desk Jul 27, 2018 - 2 min read

Bombinate Technologies Pvt. Ltd, which runs vernacular knowledge-sharing platform Vokal, has raised $5 million (around Rs 34 crore at current exchange rates) in a Series A round of funding led by Chinese venture capital firm Shunwei Capital. Bengaluru-based Vokal said in a statement that early-stage VC fund 500 Startups had also come in as a ...

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Skill learning platform Kidovators gets Rs 1.2 cr backing from Gray Matters

Opportunity India Desk Jul 24, 2018 - 3 min read

Bengaluru-based skill learning platform Kidovators has raised seed investment of $180,000 (Rs 1.2 crore) from impact investor Gray Matters Capital’s edLABS initiative. M Chandrasekaran, board member at Sylvant Advisors and former corporate advisor to the Manipal Group, also participated in the funding round. The startup will use the funds to scale its programmes to over ...

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Fitness aggregator Gympik gets double investment from RoundGlass Partners

Opportunity India Desk Jul 24, 2018 - 2 min read

US-based VC firm RoundGlass Partners is doubling down on its investment in Gympik.com, an online marketplace for discovering fitness centres and gyms, a person aware of the development told VCCircle. RoundGlass is investing an additional Rs 6.5 crore (approximately $1 million) in Gympik, the aforementioned person said on the condition of anonymity. The company had ...

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Riteish, Genelia Deshmukh back Homeopathy treatment platform Welcomecure

Opportunity India Desk Jul 20, 2018 - 2 min read

Homeopathy treatment platform Welcomecure has raised undisclosed funding from Bollywood couple Riteish & Genelia Deshmukh along with Nihilent Technologies CEO LC Singh. The company plans to use the funds raised to strengthen its infrastructure, expand the team and promote the brand through consumer engagement initiatives. “One of the key aspects of our offerings includes ensuring ...

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IIM Ahmedabad incubator marks first close of $100 mn deep-tech VC fund

Opportunity India Desk Jul 19, 2018 - 2 min read

Bharat Innovation Fund has marked the first close of its $100-million venture fund that focuses on early-stage deep-tech investments, it said in a statement on Thursday. The fund, which is part of Indian Institute of Management (IIM) Ahmedabad’s incubator Centre for Innovation, Incubation and Entrepreneurship (CIIE), has received around 50% commitments from marquee institutional investors ...

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Fundamentum, others invest $50 mn in PharmEasy

Opportunity India Desk Jul 19, 2018 - 2 min read

Nandan Nilekani and Sanjeev Aggarwal-led investment firm Fundamentum Advisors and Eight Roads Ventures, the proprietary investment arm of Fidelity International, are in talks to lead a $40-50 million funding round in online pharma company PharmEasy. The latest round of funding, which is anticipated to close over the next two weeks, is likely to see the ...

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Apeejay to expand business with Rs 35-40cr infusion

Opportunity India Desk Jul 18, 2018 - 1 min read

The Apeejay Surrendra Group will pump in about Rs 35-40 crore over the next three years to strive for a five-fold growth in its commercial and business centres vertical. "We have now 1,800 seats capacity in 10 centres in about eight cities of the country. We are targeting 10,000 seats in 25 centres over the ...

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Cars24 fuels expansion plans with $50 mn raise

Opportunity India Desk Jul 18, 2018 - 3 min read

Cars24, the online marketplace for buying and selling used cars, has completed an investment raise of about $50 million (Rs 340 crore) to fuel its expansion plans, according to two people familiar with the development. The capital was raised from Sequoia Capital India and two of Cars24’s existing investors — Cayman Islands-based Kingsway FCI Fund ...

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Sequoia Capital, Nexus VP, others invest $21mn in Ed-tech firm Unacademy

Opportunity India Desk Jul 17, 2018 - 2 min read

Education technology company Unacademy has raised $21 million (about Rs 143 crore) in series-C funds to fuel its expansion plans. The money was raised from Sequoia Capital, Nexus Venture Partners and SAIF Partners, with participation from Blume Ventures. The funding round values the company at over $100 million. “When we started, we had only one ...

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