US-based impact investment firm Gray Matters Capital has invested a total of USD 375,000 in three companies under its edLABS initiative, namely, Delhi-based education financing marketplace GyanDhan, Hyderabad-based English language training organisation Ignis Careers and Cuttack-based social enterprise providing ‘School-in-a-Box’ solution ThinkZone.
Delhi NCR-based High Street Essentials Pvt Ltd, which owns omnichannel women’s fashion brands FabAlley and Indya, has raised INR 60 crore in its Series B round of funding from SAIF Partners
Venture capital firm Lightbox Ventures, which has backed startups such as furniture rental website Furlenco and online kitchen brand Faasos, plans to increase its focus on consumer businesses in 2019, after raising its USD 200 million third fund this year
Kerala-based Tranzmeo, a ‘Nasscom 10,0000’ incubated startup, has secured an undisclosed amount in pre-seed funding from Hindustan Petroleum Corporation Ltd (HPCL) for its artificial intelligence-powered product, T-connect OneView.
Northern Arc Capital, which lends to impact-focused companies and also facilitates debt financing raised INR 200 crore from Dutch development bank FMO via rupee denominated non-convertible debentures (NCDs)