Attuane Tech raises $10 million

Attune Technologies, a Chennai-based healthcare technology company, has raised about ₹65 crore ($10 million) in Series B funding from Qualcomm Ventures and Norwest Venture Partners. Attune will use the money to grow in India, where it offers a cloud-based platform to over 200 hospitals, laboratories and clinics through 2,500 centres with over 10 million patient records. It will also expand into Africa, West Asia and South-East Asia. This is Qualcomm’s first investment from its $150 million Strategic Venture Fund in India, earmarked for technology start-ups.

IAN invests in Jiyo Natural

Indian Angel Network, a leading angel network group, has invested in Bengaluru-based consumer healthfood start-up Jiyo Natural. Jiyo Natural, which addresses the growing segment of health conscious population in urban areas and offers two products – Jiyo Health, a nutritionally balanced meal, and Jiyo Manage, a personalised meal option for those who have a health or lifestyle condition that he or she needs to manage. Jiyo will use the money to expand in Bengaluru before moving to Mumbai, Pune, Delhi-NCR, Chennai and Hyderabad. The funds will mainly be used for marketing, technology and infrastructure.

Motilal Oswal arm launches 3rd fund

Motilal Oswal Real Estate, the real estate private equity arm of the Motilal Oswal Group, is set to launch its third real estate fund. It targets to raise up to ₹1,000 crore. A majority of this fund will be raised from wealthy individuals and family offices. It will primarily invest in residential projects by established developers in Mumbai Metropolitan region, National Capital Region, Bengaluru, Pune, Chennai and Hyderabad. It will target to undertake 10-12 transactions with deal sizes ranging from ₹80 crore to ₹120 crore.

TVS Shriram Growth buys stake in IEX

TVS Shriram Gowth Fund is acquiring about 4 per cent stake in Indian Energy Exchange from Bessemer Venture Partners for ₹81 crore. IEX’s prospects and valuation are strongly linked to India’s power sector. There is an emerging trend of corporates and distribution companies preferring to buy electricity on exchanges, in place of long-term power purchase agreements with producers, thus making it an attractive investment proposition for TVS Shriram Growth Fund.

Jombay gets funds Venture Works

Jombay has raised money from VentureWorks India, led by former Goldman Sachs Managing Director Keshav Sanghi and Nikunj Jhaveri, Chairman and Founder of the Systems Plus group of companies. Jombay has established its product expertise in psychographic assessments for recruitment and promotions. It will use the money to enable it to build a people-first product engine to fuel performance across organisations.

Razorpay raises $11.5 million

Razorpay, an online payment gateway solution, has raised a total of $11.5 million, including a $9 million Series A round led by Tiger Global along with participation from Matrix Partners. It has also raised a seed round of $2.5 million from Matrix, Y Combinator and angel investors, including Kunal Bahl and Rohit Bansal, Snapdeal founders. The company will use the money to scale up the product, build the team and for strategic forays into the online payments industry. Our Bureau

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