Ventureast joins Series C investors in Pinnacle Engines

Pinnacle Engines, a San Carlos, California based developer of ultra efficient engine designs, has raised an undisclosed sum in a Series C funding round from a group of investors. The new investors in the round include Mitsui Global Investment, Ventureast and an unnamed strategic OEM partner.

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The Hive leads $1.5 mn round in Big Data startup Colabo

San Carlos, California based Colabo, a provider of intelligent sales acceleration solutions, has raised $1.5 million has raised a venture round led by The Hive, the Big Data focused incubator and seed fund based in Palo Alto, California. A group of private investors including Paul Maritz, Raghu Raghuram and Ray Rothrock participated in the round.

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Hopscotch buys SkoolShop. Blume Ventures, angels exit

Mumbai based online baby and kids products store Hopscotch is acquiring SkoolShop.com, an online store that specializes in school supplies. Hopscotch has entered into a definitive agreement to acquire SkoolShop, owned by Mumbai based Occasion Kommerce. The financial details of the transaction have not been disclosed.

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Norwest invests in CRMnext

Delhi based Acidaes Solutions, developer of enterprise software solution CRMnext, has raised an undisclosed sum in a fresh funding round from Norwest Venture Partners. The company will use the funds to accelerate its global outreach and make investments in research and innovation. The company’s longer term strategy is to become one of the top five players in the global customer relationship management market across industries.

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Embibe raises $4 mn from Lightbox, Kalaari Capital

Mumbai based Indiavidual Learning, a startup that has developed online test perparation platform Embibe, has raised $4 million in Series A funding from Lightbox Ventures and Kalaari Capital. This is Mumbai based venture capital firm Lightbox Ventures’ first investment from its $90 million debut fund.

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Deals Roundup: Anchanto, Connexios, OnMobile

Anchanto, a Singapore based ecommerce fulfilment platform, has raised an undisclosed amount in funding round led by Innosight Ventures, reports e27. Cub Capital, Scott Anthony and Akshay Mehra have participated in the round. The company will set up shop in Malaysia, Indonesia and India in the next 6 months. The company already has operations in Pune.

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Tiger Global leads $15 mn Series B in LimeRoad

AM Marketplaces, the Gurgaon based startup that runs fashion ecommerce platform LimeRoad, has raised $15 million in a Series B funding round led by Tiger Global Management. Existing investors Matrix Partners and Lightspeed Venture Partners participated in the round.

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Has YepMe raised fresh funds from Helion?

Last week TechCircle reported that YepMe, the Gurgaon based online fashion label, had raised an undisclosed sum in a fresh round of funding. Investors in the round, the report adds, citing anonymous sources, include Helion Venture Partners.

We reached out to both Helion and YepMe for comments on the reported deal. Helion did not respond to our queries.

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Denty’s raises $4.5 mn Series A from Helion

Today’s Healthcare India, a Hyderabad based startup that runs multi speciality dental care chain Denty’s, has raised $4.49 million (Rs 27 crore) in a Series A funding round from Helion Venture Partners. Denty’s plans to use the capital raised to expand its network of clinics to 150 in five years. The company currently operates 10 clinics across five cities in the states of Andhra Pradesh and Tamil Nadu.

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