Indore based B2B Ecommerce Startup ShopKirana has raised $2Mn from Info Edge, along with Japan’s AET Fund, Akatsuki and Incubate Fund and Better Capital AngelList syndicate.Post this investment, Info Edge has now acquired 15.5 percent stake in Shopkirana, on a fully converted & diluted basis.T

Coverfox, insurance platform owned by Glitterbug Technologies Pvt. Ltd, has raised $22 Mn Series C Funding. The Fuding round was laid by International Finance Corp. (IFC), the investment arm of the World Bank Group, and existing investor Transamerica. Other investors including SAIF partners, Accel a

Chai Point raised $20Mn in Series C funding from Paragon Partner, existing investors include Saama Capital, DSG and Eight Roads, the private equity arm of Fidelity India also participated in the round.According the press note from company,some of the investors invested super pro rata. This essential

With the recent development on Angel Tax, it is barred up to $1.5 Mn (INR10 Cr) funding giving some relief to startups as well as angel investors, Section 50CA of Finance Act 2017 is the new cauchemar for angel investors.Effective from April 1, 2018, as per Section 50CA applicable for FY18 ITR

Online marketplace Paytm Mall has raised close to Rs 3,000 crore in a financing round led by Japan’s SoftBank along with participation from Chinese online commerce giant Alibaba, according to documents filed with the Ministry of Corporate Affairs (MCA). As per calculations, this deal values Paytm

Gurgaon based HR Technology start-up Benepik that provides mobile based solution for Employee Communication, Engagement, Rewards and Recognition, has raised an undisclosed amount in seed funding. Benepik has raised the seed funding from a group of investors including Vishal Bali. Vishal is a se

Delhi-based startup FinTech, Cash Suvidha which extends business loans to SMEs, MSMEs, women entrepreneurs & personal loans to individuals, has raised $1 million pre-Series A funding from Initia Holdings Ltd., Vipin Agarwal, Partner in India Industrial Growth Fund and others. The newly secu

Mumbai based Fintech start-up Fincash.com raised INR 1 Crore (~$150,000) in funding from Angel Investors. The company will use this investment to expand their product solutions, customer base and widen the reach of its financial services across the country. "We plan to utilize this for team & pr

Pandorum Technologies, a biotech startup which 3D print tissues, has raised $3.6 million (approx. Rs 23 crore) in a series A round from Indian Angel Network Fund, 021 Capital, 500 Startups and the Karnataka government backed Karnataka Information Technology Venture Capital (KITVEN) fund, according t