Archive News

06/05/2021

Sequoia’s Surge and others bet on app for construction management

Early-stage venture capital firms Accel and India Quotient and Sequoia Capital’s accelerator Surge have invested in a construction site management app Powerplay. Powerplay offers solutions for progress tracking, attendance, material management, invoices, automated reporting, issue tracking, and budget management.
06/05/2021

Stockal raises USD 3 Million round led by Ritesh Agarwal’s Aroa Ventures

Stockal, a platform that enables Indian retail investors to trade in listed US securities raised USD 3 million pre-Series A funding round led by Aroa Ventures and also saw participation from Cadenza Capital Management, wealth management platform Kristal.ai, Tracxn Labs, July Ventures and Credence Family office
06/05/2021

Mcats backed Healthcare startup sarathi in a seed round

Sarathi Healthcare, which offers healthcare services for the elderly, has raised INR 1 crore in a seed funding round byAngel investors and entrepreneurs Nitin Sethi, Vishal Dhikale, Swapnil Bagul, Gaurav Satbhai and Jayshree Harak.
05/05/2021

GSF Accelerator backs IoT platform Thingsup

Pune-based iobot which runs low code internet-of-things (IoT) platform Thingsup has raised USD 100,000 from GSF Accelerator.The platform analyses The fresh capital will be used to cater to the demand for digitalizing cold chain logistic
05/05/2021

Health-tech start up MedSign raises fund to fuel growth

Bengaluru-based MedSign that focuses on improving accessibility of health records and continuity of care has raised undisclosed seed funding from SMSRC, an advisory and research firm catering to the pharma industry in India and Bangladesh, as a part of strategic collaboration. .
05/05/2021

B2B retail platform 6Degree raises USD 1 Million in funding

6Degree, flagship B2B retail SaaS platform catering to the fashion and lifestyle sector has raised USD 1 million from Hyderabad-based SucSEED Indovation Fund, Keiretsu Forum, SucSEED Angel Network and AngelBay
05/05/2021

Venture Catalysts backs Indian social commerce Kiko TV

Startup incubator and accelerator Venture Catalysts and global venture capital firm SOSV led a pre-Series A funding round in social e-commerce startup KikoTV. The round also saw participation from Negen Capital chief executive Neil Bahal and other angels
05/05/2021

Arthya Wealth raises USD 1 Million in Pre Series A round

Arthya Wealth & Investments that is the Mumbai-based wealth management and investment advisory firm has raised USD 1 million in pre-Series A funding from family offices of industrialist Rishi Kumar Bagla and technocrat Krishen Lal Khanna.The firm, which uses tech, will soon launch PMS (portfolio management services).
05/05/2021

Nivesh raises USD 1.6 Million in funding led by IAN Fund

Nivesh.com, a wealth management company has raised USD 1.6 million in a round led by seed and early-stage investor IAN Fund and also saw participation from LV Angel Fund as well as angels such as Vir Mehta and Raghav Kapur
05/05/2021

Coursera backer Learn Capital leads Series A funding in Teachmint

Teachmint Technologies that focused on tutor-student connectivity has raised INR 123 crore in a Series A funding round led by global edtech-focused venture capital firm Learn Capital, CM Ventures and also saw participation from existing investors Lightspeed and Better Capital
04/05/2021

FinTech platform Fypmoney raises USD 2 Million in seed round

Pockket Payment Technologies-run FypMoney which is a FinTech platform for youth has raised USD 2 million in a seed funding round from Angel investors that includes Liberatha Kallat, Mukesh Yadav, and Dinesh Nagpal
04/05/2021

Winzo Gives Hike 4X Return After USD 13 Million Series B Funding

Vernacular social gaming platform WinZO has given a complete exit to its early investor Hike with four-fold returns on the investment in its Series B round. The gaming startup has raised USD 13 Million funding from existing investors Stephan Pagliuca, Makers Fund, and Courtside Venture, taking the total fundraising tally […]
04/05/2021

Andreessen Horowitz plans USD 1 billion cryptocurrency VC fund

Venture capital giant Andreessen Horowitz is looking to raise a fund of as much as USD 1 billion to invest in cryptocurrencies and crypto start-ups. The new fund is aiming to raise between USD 800 million and USD 1 billion from investors
04/05/2021

InterviewVector raises seed funding from Titan capital

InterviewVector, an interview-as-a-service platform has raised an undisclosed amount of seed funding led by Titan Capital. The fundraise also saw participation from First Cheque, Haresh Chawla, Vijay Aggarwal, Varun Alagh, and others.
04/05/2021

Edtech Platform raises seed funding from Smart City Incubation center and others

Edtech platform HomeGuruji which serves the K12 segment secured INR 25 lakh in seed funding from Pune-based angel investor Girjesh Vyas. The fundraising was led by Jabalpur Smart City Incubation Center, Incubation Masters, and Hyderabad Angels
03/05/2021

Blue-collar-focused Avail Finance raises venture debt from Alteria Capital

Avail Finance, which counts Falcon Edge, Ola and Matrix Partners as its backers has raised INR 24 crore from venture debt firm Alteria Capital
03/05/2021

Mahindra and Mahindra to acquire 100% stake in Meru

Mahindra and Mahindra have announced that it will acquire ridesharing company Meru Travel Solutions by buying out existing shareholders, including private equity investor True North, and promoters shares from Neeraj Gupta and Farhat Gupta. The company, which will own 100% of Meru post-deal
03/05/2021

Tata Digital gets CCI nod to pick up majority stake in BigBasket

The Competition Commission of India has approved Tata Digital’s proposal to acquire a majority stake in Supermarket Grocery Supplies, the parent company and B2B operator of e-grocer BigBasket. According to the proposal, Tata Digital will acquire up to 64.3% in SGS through a combination of primary and secondary transactions
03/05/2021

Robotics Company GreyOrange Planning US Listing To Raise Over USD 500 Million

Tiger Global-backed Indian robotics company GreyOrange is reportedly evaluating a US listing to raise USD 500-600 Million. The company is in early-stage discussions with investment banks JP Morgan, Bank of America, and Morgan Stanley for the listing
03/05/2021

World Bank’s International Finance Corp to invest in Singapore-based Jungle Ventures’ fund

World Bank’s International Finance Corporation would invest USD 25 million in the fourth fund of Jungle Ventures.Jungle Ventures plan to invest in 15 to 20 early-stage companies in sectors such as consumer internet, fintech, business to business and small and medium enterprises focused on tech
30/04/2021

Kirana Commerce Platform ElasticRun Raises USD 75 Million At USD 400 Million Valuation

Kirana commerce platform ElasticRun has raised USD 75 Million in a round led by existing investors Avataar Venture Partners and Prosus Ventures. Kalaari Capital also participated in the funding round. With the latest funding, ElasticRun has a USD 400 Million post-money valuation.
29/04/2021

NetApp Excellerator picks four Indian startups for latest cohort

Hybrid cloud data services and management company NetApp announced eight startups chosen for the eighth cohort of NetApp Excellerator. The eight startups working in areas of location intelligence, smart manufacturing, employee experience, and healthcare, are Data Sutram, FireCompass, Metabob, Maxbyte, Nife, Snapblocs, State of Mind, and Tongadive
29/04/2021

Dental platform CareStack gets funding from existing investors in extended round

CareStack, a cloud-based software-as-a-service startup targeting the dental industry has raised INR 167 crore in its extended Series B round of funding from existing investors. London-based hedge fund Steadview Capital, US-based insurance plan provider Delta Dental, Accel, Eight Roads, and F-Prime Capital participated in this round.
29/04/2021

Biotech startup raised Pre Series A round for ‘first-in-human’ studies of new drug candidate for vitiligo

Pune-based biotech startup Ahammune Biosciences has raised an undisclosed amount in a pre-Series A round led by Ideaspring Capital and Indian Angel Network and also saw participation from new investors Kotak Private Equity, Baldota family fund, and Dr. Ajith Kamath, and existing investors Dr. Anand Deshpande and Suman Kant Munjal.
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