Startup funding
Coverfox raises $22 Mn funding from Transamerica, others.

Coverfox raises $22 Mn funding from Transamerica, others.

19th, April 2018

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

92

Startup funding
Chai Point raises $20 Mn  from Paragon Partners and others.

Chai Point raises $20 Mn from Paragon Partners and others.

19th, April 2018

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

146

Startup funding
Sec 50CA to change the Angel investors perspectives on Startup funding.

Sec 50CA to change the Angel investors perspectives on Startup funding.

14th, April 2018

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

182

Startup funding
Patym Mall raises Rs 3000 crores from SoftBank and other investors

Patym Mall raises Rs 3000 crores from SoftBank and other investors

03rd, April 2018

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

103

Startup funding
Employee Engagement and Benefits start-up Benepik raises seed funding

Employee Engagement and Benefits start-up Benepik raises seed funding

30th, March 2018

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

132

Startup funding
Fintech Startup Cash Suvidha raises $1 million in pre-series A funding

Fintech Startup Cash Suvidha raises $1 million in pre-series A funding

27th, March 2018

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

122

Startup funding
Fincash.com Raises 100k in Funding Round

Fincash.com Raises 100k in Funding Round

16th, February 2018

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

174

Startup funding
Pandorum raises Series A fund of Rs 23 crore from IAN, 021 capitals and others.

Pandorum raises Series A fund of Rs 23 crore from IAN, 021 capitals and others.

14th, February 2018

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

130

Startup funding
Government says No Angel Tax on Start-ups with up to Rs 10 crore funding

Government says No Angel Tax on Start-ups with up to Rs 10 crore funding

06th, February 2018

Startup and Angel investors in India are now can breathe and take their relax as government announced Startups incorporated before 2016 that have got up to Rs 10 crore in angel funding won't face the so-called angel tax, once changes in the regime are finalised by the Department of Industrial Policy

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