InOpen Technologies, an Indian education company incubated in IIT Bombay has raised series A funding from Benesse Holdings, a Japanese education giant, in exchange of a minority stake.
GirnarSoftware, the company which runs websites like Cardekho, Bikedekho and pricedekho, is raising over $15 mn from Sequoia Capital in exchange of a 20% stake in the company.
Online women’s fashion store FabAlley.com has raised an undisclosed amount of investment in seed funding from the Indian Angel Network. Mohit Goyal and Tushar Singh, two members of the network, led this round of investment.
Billionaire Azim Premji’s investment company PremjiInvest is likely to lead a $50 mn funding round in e-commerce company Myntra.
Online furniture store Urban Ladder has raised $5 million from SAIF Partners and Kalaari Capital in series A funding. The company had earlier raised $1 million from Kalaari Capital in August 2012.
Online food portal Justeat.in has sold a minority stake in the company to private equity firm Forum Synergies and Spains Axon Capital.
Mumbai based online crowd funding platform Ketto has raised Rs 77 lakh angel investment from Club ah!, an angel investor network ad Calcutta Angels, a not for profit angel network.
Private Equity & VC investment in Flipkart & other tech companies like GlobalLogic, Komli & Druva pushed up deal values in October.
ApartmentADDA, the startup which makes it easier for housing societies and residential complexes to manage their accounts and other things has an angel round.
Exclusive: Olacabs Raises Series B ($20mn) from Tiger Global and Matrix Partners. To Expand Into Non-Metros
Olacabs has confirmed its Series B funding from Tiger Global and Matrix Partners. The company raised Series A in 2012 from Tiger Global. The funding amount, we have been hearing stands at $20mn, though the team declined to comment on this.