Ratan Tata-backed online jewellery portal BlueStone.com has raised a third round of venture capital funding worth Rs 100 crore ($16 million). Accel Partners, IVY Capital and Dragoneer led the funding. Kalaari Capital and Saama Capital also funded the start-up. BlueStone claims annual revenue is in the range of Rs 80-100 crore and growing 150 per cent year-on-year.
Zoomcar raises $11 million
Self-drive car rental company Zoomcar has raised $11 million (Rs 70 crore) in a Series-B round of funding from NGP and existing investors Sequoia Capital and Empire Angels. The company plans to add new vehicles, continue hiring and expand technology and product services. It plans to add 7,000 cars and launch in 15 more cities. It currently has 1,500 cars across six cities - Bengaluru, Mumbai, Delhi, Pune, Chennai and Hyderabad.
Practo Tech acquires Genii
Day care chain gets funding
Footprints Childcare has raised Rs 4.25 crore ($671,800), led by Vinay Kumar Bansal, director at Step Ahead Ventures, and Kshitij Jain, founder of mobile enterprise application firm Mobolt that has recently been acquired by Indeed.com, according to a statement. The money has been raised through equity crowd-funding platform LetsVenture. Footprints has five centres, four in Gurgaon and one in Noida.
IAN backs Infinity Assurance
Infinity Assurance Solutions, a New Delhi-based start-up that provides service administration, including manufacturer warranty and managing warranty products, has raised Rs 3.84 crore from Indian Angel Network. The round was led by Vishal Lalani, managing director of Indication Instruments, and HCL Technologies founder Ajai Chowdhry.
If you have any information to share, please write to bsreporter@bsmail.in
Zoomcar raises $11 million
Self-drive car rental company Zoomcar has raised $11 million (Rs 70 crore) in a Series-B round of funding from NGP and existing investors Sequoia Capital and Empire Angels. The company plans to add new vehicles, continue hiring and expand technology and product services. It plans to add 7,000 cars and launch in 15 more cities. It currently has 1,500 cars across six cities - Bengaluru, Mumbai, Delhi, Pune, Chennai and Hyderabad.
Practo Tech acquires Genii
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Practo Technologies, a doctor search engine, has acquired Genii Technologies, a start-up focused on product design and development, for an undisclosed sum. This is the second acquisition Practo has made in less than three months. As part of the deal, the 11-member team of Genii and its founders Varun Vohra and Aditya Anand will join Practo and move to Bengaluru.
Day care chain gets funding
Footprints Childcare has raised Rs 4.25 crore ($671,800), led by Vinay Kumar Bansal, director at Step Ahead Ventures, and Kshitij Jain, founder of mobile enterprise application firm Mobolt that has recently been acquired by Indeed.com, according to a statement. The money has been raised through equity crowd-funding platform LetsVenture. Footprints has five centres, four in Gurgaon and one in Noida.
IAN backs Infinity Assurance
Infinity Assurance Solutions, a New Delhi-based start-up that provides service administration, including manufacturer warranty and managing warranty products, has raised Rs 3.84 crore from Indian Angel Network. The round was led by Vishal Lalani, managing director of Indication Instruments, and HCL Technologies founder Ajai Chowdhry.
If you have any information to share, please write to bsreporter@bsmail.in