This week, Chandigarh-based on-demand auto rickshaw aggregator, Jugnoo, has raised a total of $10 Million in its second round of Series B funding. Lenskart has raised an undisclosed amount of funding from Ratan Tata. Let’s take a look at some of the funding and acquisition news which made headlines in the startup space.


1. Mini bus shuttle service Commut raises Rs 1.3 Crore from 50K Ventures

Hyderabad-based mini bus shuttle service Commut has raised around  Rs 1.3 crore from investment venture 50K ventures. Along with this development, Sudhakar Pasupunuri, who is the co-founder of Redbus, has joined the board of Commut. The startup that has been founded around 5 months back, has plans to utilize these funds for expansion, team building and technological development.

2. Betaout Inc, has raised $1.5 million from a group of investors in Pre Series A funding round

Customer intelligence and marketing automation platform for eCommerce companies, Betaout Inc., has raised $1.5 million (about Rs 10 crore) from a group of investors including Beenext and Stanford Angels in the Pre Series A funding round. According to the statement by Betaout, this round also saw participation from investors including, Letsventure, Chennai Angels, Hyderabad Angels and Mumbai Angels, Match Group CEO Sam Yagan.

3. Healthcare platform 1mg raises Rs 100 crore Series B funding led by Maverick Capital Ventures

Gurgaon-based e-pharmacy marketplace 1mg has raised Rs 100 crore Series B investment led by Maverick Capital Ventures. Existing investors Sequoia India and Omidyar Network also participated in the current round. The funding will be used towards expansion of its offerings, and accelerate the presence of its e-pharmacy and e-diagnostic services.

4. CollegeDekho Raises $2 Million From London-Based Man Capital

CollegeDekho, an online platform connecting colleges and students has raised $2 Million in Pre-Series A round of funding from London-based Man Capital, the investment arm of the Mansour Group.  The funding will be used to build robust technology, ramp up the team, increase marketing activities and on-board more colleges.

5. Data Analytics startup Amicus acquired by IndiQus Technologies

As per reports Delhi-based IndiQus Technologies has acquired data analytics startup Amicus Technologies in an all-stock dealAmicus Technologies, was founded by Aayush Srivastava, Nikhil Parmar, Akashdeep Singh and Nishchal Dua in April 2015. Amicus has developed a patent-pending technology which converts large amounts of qualitative data into the “Real Cost” of the purchase.

6. Lenskart raises funding round from Ratan Tata, IFC and others

Lenskart has raised an undisclosed amount of funding from Ratan Tata. The investment is a part of Lenskart’s latest fundraising initiative, through which the company is looking to raise about INR 400 CrAs per sources familiar of the development the latest round of fundraising will value Lenskart at about $240 Mn (about INR 1,600 Cr.).

7. Tork Motorcycles raises angel funding, led by Bhavish Agarwal, Ankit Bhati and Harpreet Grover

Tork Motorcycles, a startup that is building up India’s first electric motorcycle, has raised angel funding from a host of investors including Ola co-founders Bhavish Agarwal and Ankit Bhati, along with a group of angels led by Co-Cubes CEO Harpreet Grover. Tork was founded by Kapil Shelke, a mechanical engineer with a passion for racing. Shelke has built five motorcycle prototypes at Tork.

8. Jugnoo raises $5 million in series-B round from Paytm

Chandigarh-based on-demand auto rickshaw aggregator, Jugnoo, has raised a total of $10 Million in its second round of Series B funding led by mobile wallet and mcommerce company Paytm. Paytm has invested $5 Million in Jugnoo while the other $5 Million has been introduced by it’s existing investor, Snow leopard, along with a new investor, a venture capital firm

9. KNOLSKAPE raises series A funding from Inventus Capital Partners and HR Fund

Bangalore-based KNOLSKAPE,  has raised an undisclosed amount of Series A funding from Inventus Capital Partners, a US-India venture firm, and the HR Fund, an Indian venture company investing in young human resource companies. KNOLSKAPE was founded by Rajiv Jayaraman in the year 2008.  The company helps organisations attract, grow and retain talent.

10. Venture fund Vintage Energy and Resources invests Rs 52 crore in Bengaluru-based Greenvision Technologies

Singapore-based venture fund Vintage Energy & Resources has invested $8 million (Rs 52 crore) in Bengaluru-based Greenvision Technologies, a company engaged in research, design and manufacture of lead-acid batteries under the brand name “Relicell”.

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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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