Impala raises $20 million to build the API of the hotel industry

Impala has raised another round of funding just a few months after raising an $11 million Series A round. This time, the startup is raising a $20 million Series B round led by Lakestar. Latitude Ventures is also participating in the round.... Read more

Regulator raises alarm over poor health of National Insurance Company

NEW DELHI: The Insurance Regulatory and Development Authority of India (IRDAI) has shot off a letter to the finance ministry raising the alarm over the deteriorating financial situation of state-run general insurer National Insurance Company Limited. “IRDAI has flagged this issue... Read more

GIC Re raises premium for 8 industry categories

Mumbai: After offering discounts for 11 years, General Insurance Corporation of India, the national reinsurer, has increased premiums payable in eight industrial categories where claims have been high. The premium on manufacturing rubber goods, plastics, textiles, chemicals (below 32 degrees C flashpoint), besides transporter... Read more

Rupee falls 14 paise to 64.52 as RBI keeps rates unchanged, raises inflation forecast

The rupee weakened further by 14 paise to close at 64.52 against the US dollar after the Reserve Bank decided to keep rates unchanged and raised the inflation forecast on Wednesday. Besides, heavy capital outflows in anticipation of rate hike... Read more

Freshdesk raises $55 million in series-F round

Freshdesk serves more than 80,000 customers, although it doesn’t disclose how many of these are premium paying customers and how many use the free service it offers. Bengaluru: Customer support software maker Freshdesk Inc. on Tuesday said it raised $55... Read more

KredX raises $6.25 million from Sequoia India, Prime Venture Partners

A screen grab of KredX website New Delhi: KredX, run by Minions Ventures Pvt. Ltd, a start-up that helps small businesses raise working capital by connecting them to individual investors, has secured $6.25 million in a series A funding round... Read more

HDFC raises Rs500 crore through fourth issue of masala bonds

HDFC will use the issue proceeds for the housing finance business and general corporate purposes. Photo: Pradeep Gaur/Mint Mumbai: India’s largest mortgage lender, Housing Development Finance Corp. Ltd (HDFC) has raised another Rs500 crore by issuing rupee-denominated masala bonds to... Read more

Medinfi raises $200,000 from Genpact executive, others

Medinfi Healthcare has 50,000 users and targets to grow this user base to 500,000 by March 2017. New Delhi: Medinfi Healthcare Pvt. Ltd on Friday said it has raised $200,000 in an angel round from Mudit Saxena, senior vice-president, Genpact,... Read more

Healthkart raises Rs80 cr from Sequoia, Kae Capital, others

According to its website, Healthkart, which sells consumables such as protein supplements and vitamins, has more than 200 brands and authorized vendors on its platform. Online health products vendor Healthkart, owned by Bright Lifecare Pvt. Ltd, has raised Rs.80 crore... Read more

Edutech start-up Byndr raises $700,000 in seed funding

Byndr mostly focuses on technology, management, gaming and arts colleges. Hyderabad: Education-focused technology start-up Byndr Inc., which counts three Indians as its co-founders, has raised $700,000 in seed funding from Ben Franklin Technology Partners and a group of angel investors.... Read more