This week, Bangalore-based online home rental startup NestAway had raised funding from veteran industrialist Ratan Tata, Times Internet had acquired Willow TV International, a cricket broadcaster in the US for USD 100 million. Let’s take a look at some of the news which made headlines in the startup space.


1. Gurgaon-based healthcare startup MedECube raises $4M from Artiman Ventures

Gurgaon-based Healthcare startup medECUBE, an asset-less healthcare startup that helps patients get access to doctors in major hospitals and clinics, including emergency care has raised $4M (Rs 25 crore) in series A funding from the Silicon Valley based venture fund Artiman Ventures.

2. Education management company Imarticus raises $1M From VC firm Blinc, others

Mumbai-based Financial services and analytics education startup Imarticus Learning, has raised $1 million of funding led by Blinc Advisors, a venture capital fund.

3. Plastic waste recycle company Banyan Nation raises 5.36 Cr from Artha Capital

Hyderabad based Banyan Nation, which is a plastic waste recycling company has raised an additional capital of Rs 5.36 crore (USD 800,000) from Artha Capital. This investment from Artha Capital is a part of the social enterprise technical assistance project run by the global PE firm KKR and Shujog – the non profit initiative by Impact Investment Exchange (IIX).

4. Jabong Gets An Additional $20 Million Fund From Global Fashion Group

Global Fashion Group (GFG) has decided to inject additional funds into its  fashion e-commerce company Jabong to keep it afloat for one more year, said two people familiar with the development. The board has agreed to put more than $20 million in Jabong.

5. Augmented reality startup Blippar raised $54 million from Malaysian government fund

UK- and India-based Blippar Inc, which specialises in augmented reality, artificial intelligence and computer vision, that lets you see extra, rich content by simply pointing your phone at an object has raised  $54 million Series D funding round led by Khazanah Nasional Berhad, the strategic investment fund of the Government of Malaysia.

6. DriveU raises $1 million from Unitus Seed Fund

On-demand driver service, DriveU raised around $1 million (about Rs 6.8 crore) in funding from Unitus Seed Fund. This is being considered as  a move to help the company compete with directly with Ola and Uber. The Bengaluru-based company allows users to hire drivers on the go, it allows customers to hire a part-time driver-on-demand at an affordable cost. The startup will be utilizing the funds to scale up operations to more tier I and II cities.

7. Facebook’s Co-Founder Eduardo Saverin Invests $13 Million In Hopscotch

Mumbai-based kidswear portal Hopscotch has secured $13 million in a Series C funding, led by  Facebook Co-Founder Eduardo Saverin. Co-founded by Harvard Business School alumni Rahul Anand and Lisa Kennedy in October 2012, it offers a wide range of curated children’s merchandise. The funding will be used for its growth and expansion in technology platform.

8. Ratan Tata makes his 9th investment in 2016, invests in NestAway

Bangalore-based online home rental startup NestAway has raised an undisclosed round of funding from veteran industrialist Ratan Tata. The startup is latest to join industrialist and angel investor Ratan Tata’s rapidly growing portfolio of startups this being his ninth commitment into the still young year.

9. Times Internet acquires US-based Willow TV for $100 million

Times Internet, has acquired Willow TV International, a cricket broadcaster in the US for USD 100 million (around Rs 673 crore)This acquisition comes at a time when Cricbuzz, a division of Times Internet, has become the exclusive licensee for digital video clip rights, for US and Canada, for all ICC events between 2016 and 2019.

10. YourNest Angel Fund invests INR 6.7 Crore in, in a recent , has raised about Rs 6.7 crore ($1 million) in pre-Series A round from YourNest Angel fund and a consortium of investors.The platform, which has been live for 16 months, currently works with Ashok Leyland, Wipro and other stores in Chennai and will utilise the capital for expansion to other cities.

About Author

Biplab Ghosh

Biplab lives his life around technology and is particularly keen to explore the intersection of technology and human behaviour. Always looking for new ideas, and ways that can make things simpler. He is a geek with the flair for travel and has great passion for music and theatres.

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