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ICICI Venture Raises $190 Million In First Phase For Its $500 Million Fund

22 Apr

By Jeet Suthar, The Tech Portal

ICICI Venture, the private equity arm of ICICI Bank, has announced that it has raised around $190 million in the first phase of its fourth India Advantage Fund. (more…)

Sequoia India Leads $7.5 Million Round In Singapore HQed Video Production And Delivery Platform 90 Seconds

13 Apr

By Mudit Mohilay, The Tech Portal

90 seconds, a startup that is aiming to ease up and quicken the process of video production and delivery, has raised a sum of $7.5 million, in a Series A round led by Sequoia India. The investment also serves to underline the growing importance of videos in the virtual world. (more…)

Sequoia And Softbank Reportedly Team Up (Again!) To Pump $100 Million Into Oyo

12 Apr

By Vishal Srivastava, The Tech Portal

Despite company’s inability to meet even a quarter of its initial $400 million investment goal, Oyo Rooms has gobbled up $100 million from existing investors, reported the Hindustan Times. This is the fifth funding round for Oyo after raising about $125 million in four rounds. (more…)

Amidst Slowdown In Startup Landscape, Valuation Of Quikr Surges

11 Apr

By Jeet Suthar, The Tech Portal

At a time when most Indian startups are struggling to raise a significant amount of funding to further boost their businesses and are fearing valuation downside, Quikr — it seems — is on a different playing field altogether. The classified listing platform has just seen its valuation increase — going completely against those hard tides which others are facing. (more…)

Stem Cell Research Startup Transcell Biologics Gets Backed By Indian Angel Network

2 Apr

By  Jeet Suthar, The Tech Portal

Transcell Biologics, a biotech startup based in Hyderabad, has announced that it has raised an undisclosed amount of funding from Indian Angel Network (IAN) in its seed funding round. (more…)

Cherubic Ventures Announces Intentions To Raise $120 Million Fund With Focus On US, China And The Rest Of Asia

25 Mar

By Mudit Mohilay, The Tech Portal

Early stage venture firm Cherubic Ventures has announced a brand new target fund of $120 million. The firm has already made good headway and seems to have managed to accumulate $80 million in confirmed commitments from LPs. (more…)

Endless Robotics Scores $100K In Pre-Seed For Its Robots That Paint Your Wall

24 Mar

By  Jeet Suthar, The Tech Portal

They say its all gonna be robotics in the coming years. While we can’t really say anything on that, what we can assure you though, is that the next time you get your house/office painted, it might be an automated robot doing that stuff. Endless Robotics, a commercial robotics startups which has built such a machine, has today announced raising of a pre-seed funding round worth $100,000 from, an online investment platform. (more…)

CarDekho Parent GirnarSoft Secures Funding From Google Capital

22 Mar

By Vishal Srivastava, The Tech Portal

GirnarSoft, the parent behind those plethora of online automobile portals in India (CarDekho, BikeDekho, Gaadi, Zigwheels), recently received an investment from Google Capital with participation from existing investor Hillhouse Capital. (more…)

With Domestic Flight Bookings Arriving Soon, Paytm Wants To Be The Only Digital Payments Platform You Could Think Of

19 Mar

Paytm wants to expand. And it isn’t gonna do that the usual way, it instead wants to power up that expansion swiftly and aggressively. While we did get an example of the aggressive drive a few days back, when Paytm got into movie ticket booking, a fresh example of that same aggressive pace was spotted by folks at OfficeChai — domestic flight bookings via Paytm. (more…)

Compat Denies Interim Action Against Ola Cabs In Ongoing Predatory Pricing Case

15 Mar

By  Vishal Srivastava, The Tech Portal

VC funded taxi aggregators Ola and Uber have been accused many a times of indulging in unethical practices  to wipe out the competition, often by offering very low prices, a practice called predatory pricing. In a similar ongoing case against Ola Cabs, Competition Appellate Tribunal (Compat) recently refused to take any interim action against Ola till the time of final decision by CCI. (more…)