My Finance Care Advisors Pvt. Ltd, which runs online loans marketplace MyLoanCare, has raised Rs 6.5 crore ($978,000) in a Series A round of funding from Ncubate Capital Partners, the venture capital arm of Gurugram-headquartered SAR Group.
SAR Group is primarily engaged in water purifiers (Livpure), clean tech, and automotive batteries (Livguard).
Gaurav Gupta, MyLoanCare’s chief executive officer, told VCCircle that the company plans to primarily use the fresh funds for branding and the rest for improving technology.Read More
Shared-living space provider CoLive, owned by CoLife Advisory Pvt. Ltd, has raised $1.8 million (Rs 11.7 crore) in a round of funding led by Ncubate Capital Partners, a venture capital arm of SAR Group that engages primarily in water purifiers, clean tech and automotive batteries, the startup said in a press statement.
The funds will go towards expanding CoLive’s services, strengthening the technology infrastructure and enhancing the talent pool, the company said in the statement. Bengaluru-based startup CoLive enters into long-term rental agreements with investors, developers, and franchisees that own properties, usually for a period of five years.Read More
Early stage India-focused venture capital nevis network fund Ncubate Capital Partners has picked up a significant minority stake in Pune-based Nevis Networks Pvt Ltd, a network security provider.
Although the financials of the deal were not available, Nevis will utilise the funds for product development and operations expansion across the globe.Read More