Exsenses

Bangalore based Blubirch secures $2 million from VC & PE Funds

Bangalore based Reverse Logistic Startup Blubirch has raised $2 Million in angel funding from Chicago Capital ventures, Sanjay Mehta, Angel and PE Investor. The company will use this funds for further expansion in India and other countries.

Founded by Sapan Jain, Jeby Cherian, Amit Goel, and Jayathirtha P. Katti, Blubirch focuses on reverse logistics with a main focus on IT technology. Sapan…

Spencer’s buys Meragrocer to Join the EComm League

Spencer’s Retail Limited –  the wholly-owned subsidiary of RP-Sanjiv Goenka Group flagship, CESC, has acquired 100% stake in Omnipresent Retail India, which runs operations of Meragrocer.com—an online grocery marketplace at an undisclosed amount. Post acquisition, Omnipresent will become a Spencer’s subsidiary and will remain active accordingly.

Meragrocer.com is an online grocery business which…

Housejoy Secures $22.4 million in Series B led by Amazon

Bangalore based on-demand home services portal Housejoy has now raised $22.4 million in their series B round of funding from a group of investors. This round of investment was led by Amazon and included new investors like Vertex Ventures, Qualcomm and Ru-Net Technology Partners. Existing investors Matrix Partners India also increased their stake by participating in this round as well. [|amazon|]

Mumbai based MeraDoctor secured $1.05 million from Unilazer

Mumbai based mobile health care start-up MeraDoctor has raised $1.05 million funding from Ronnie Screwvala’s Unilazer Ventures. The new investment will help MeraDoctor extend its technology platform, scale up its doctor base, add to its technology and management teams.[|meradoctor|]

After investing in Yumist few days back, Unilazeris currently focusing on other domain like mobile health. On this…

A joint $3-bn fund to promote startups in PM’s list for Russia

India and Russia are keen to utilise PM Narendra Modi’s upcoming visit to Moscow to strengthen ties beyond defence with creation of a joint innovation fund, besides prospective investments from Russia in National Infrastructure Fund as well as expanding bilateral trade basket beyond diamonds and pharmacy. Officials said a joint $3-billion fund to promote startups in the nanotechnology field, with…

Freshdesk, the Chennai-based enterprise software maker, has completed its third acquisition for an undisclosed amount with Konotor, a mobile first user engagement platform to provide better customer support to mobile-first businesses. Konotor helps businesses engage with users through features like two way messaging, in app support and marketing automation. [|konotor|]

We have been working with…

WHOOP gets $3mn funding support from Infosys

Boston, MA based wearable device startup WHOOP secures $3 million funding from Infosys. WHOOP, which is an early stage company offering performance optimization for elite athletes secured total $24.75 million investments from various sources.

[|whoop|] [|infosys|]

  It is a wearable device worn by athletes on their wrist that continuously measures key strain and recovery variables, and actionable…

UrbanClap Secures Unspecified Amount from Ratan Tata

Gurgaon based on demand service portal, UrbanClap has raised unspecified amount from Ratan Tata from his personal venture investments. UrbanClap recently had raised $25 Million from Bessemer Venture, SAIF and Accel Partners in a Series B round of funding last month.[|urbanclap|]

 Founded by Varun Khaitan, Abhiraj Bhal and Raghav Chandra in October 2014,  UrbanClap is a platform which allows users…

LocalCircles raised funding from Anand Mahindra

LocalCircles, the Citizen Engagement Portal has raised funds from Anand Mahindra, the chairman of Mahindra Group, said the company. Mr.Mahindra is also going to join the advisory board of LocalCircles. It is a citizen engagement platform that was launched in 2013. The startup will use this fund to expand its reach to more than 30 Million people in next five years.[|localcircles|]

LocalCirclesha…

Hyderabad based SaaS startup eureQa secures $600K seed

Hyderabad based Test Automation SaaS startup eureQa gets it’s seed funding of $600k from Gabriel Investments, a Philadelphia,PA based venture cap fund. Sashi Reddy of Gabriel will also join the board of eureQa.

“We are looking forward to working with Sashi Reddi, who is one of the foremost experts on software testing, to guide us in this fast evolving market,” said Badri Nittoor, co-founder/CEO…

Educational Startup EduRev Raises Funding from Jaarvis

Gurgaon based educational startup EduRev has raised an amount of seed funding from Jaarvis Accelerator.

  On this note, the founder of EduRev, Kunaal Satija said, “With the funds raised we are getting teachers and courses for K12, competitive exams and some of the college courses as well. Our target is to touch 200+ courses with one million registered users in 2016. By February we will be also…

Delhi based Logistic Firm secures $10mn from CLSA

New Delhi based Holisol Logistics Pvt. Ltd. has raised a $10mn dollars round of funding led by CLSA Capital Partners. The six-year-old company will use the proceeds to set up more fulfilment centres, expand its last-mile delivery network and expand its portfolio of supply chain optimisation solutions. Holisol Logisticscurrently manages 600,000 square feet of fulfilment centres across 14 locations.

Mozilla’s Firefox Browser App For iOS Is Finally Available To All

Mozilla has been testing an iOS version of its popular web browser since September, and nowFirefox for iOS is available publicly to anyone in possession of an iPhone, iPad or iPod Touch.

Mozilla software is always released iteratively using test phases, so it’s no surprise that the availability of the company’s inaugural iOS browser has slowly been enlarged over a long period with emphasis placed…

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Yumist Grabs $2M from Unilazer Ventures and Others in Pre Series A Round

Daily meals ordering startup, Yumist  has raised $2million in Pre Series A round led by Ronnie Screwvala’s fund, Unilazer Ventures, with participation from existing investor Orios Venture Partners’ Steven Lurie, a Valley based investor, has also joined the round.

The raised capital shall be used to scale up in existing cities — Gurgaon, Delhi and Bengaluru till March, after which Yumist plans…

Snapdeal Acquires FreeCharge, A DilKiDeal

Snapdeal has just announced the acquisition of FreeCharge. Though the amount is undisclosed by the companies but it’s a rumour that Snapdeal has put around $450 mn for this takeover.

“The deal will help Snapdeal “offer all our customers access to the widest selection of products and services online,” Kunal Bahl, co-founder and CEO of Snapdeal said. Let’s have a look at the Lovely acquisition…