Archive News

05/06/2020

Info Edge Targets INR 750 Crore Corpus To Invest In Tech Startups

Noida-based Info Edge (India) Ltd, the parent company of online job listing platform Naukri, has proposed to set up INR INR 750 Crore fund.  Info Edge along with its wholly-owned subsidiaries in their capacity as LP committed INR 350 Crore and has already disbursed INR 150 Crore from that till […]
05/06/2020

Bessemer-backed DocsApp raises Series B funding as it merges with MediBuddy

Venture capital-backed doctor consultation platform DocsApp has merged with the Bengaluru-based digital consumer health business of MediBuddy. The merged firm has received USD 20 million as part of its Series B round of funding. However, the financial details of the merger per se were not disclosed.  
04/06/2020

Fertility platform IVF Access raises USD 5 Million from Vertex Ventures SEA & India

IVF Access, a Bengaluru-based healthcare startup focused on providing In Vitro Fertilisation (IVF) treatments in India, has raised USD 5 million in Series A funding.  The investment was made by Vertex Ventures Southeast Asia and India.  
04/06/2020

Building automation firm Hipla gets angel funding from HNIs

Hipla Technologies, which offers SaaS-based office automation solutions, has raised INR 2.6 crore  in funding from a clutch of wealthy individuals from India and Singapore.  
04/06/2020

Ed-tech firm iNurture bags funding from Dubai family office

Bengaluru-based ed-tech startup iNurture Education Solutions, a provider of formal higher education programmes in India, has raised USD 4 million from Kimera Ltd, a Dubai-based family office.  
04/06/2020

Temasek, Warburg Pincus infuse fresh capital into CarTrade

Automobile classifieds portal CarTrade.com has raised INR 321 crore from two of its existing investors in its Series H round of financing.  
04/06/2020

Hero Group’s Sunil Munjal pumps more money into beauty products e-tailer Nykaa

Beauty products e-tailer Nykaa is raising INR 19.6 crore additional capital from its existing investor Sunil Kant Munjal, one of the founder promoters of Hero Group.  
03/06/2020

Logistics solutions provider LetsTransport raises INR 10 crore from Blacksoil

Bengaluru-based intra-city logistics provider LetsTransport, has raised INR 10 crore from venture debt firm Blacksoil Capital.  
03/06/2020

Debt resolution startup Credgenics raises seed round led by Titan Capital

Debt resolution platform Credgenics, which combines the power of artificial intelligence with data science, has raised a seed round of funding led by Titan Capital a fund backed by SnapDeal Founders Kunal Bahl and Rohit Bansal.  
03/06/2020

Logistics marketplace Vahak raises seed funding from Leo Capital

Vahak, an online road transport marketplace, has raised an undisclosed capital in a seed funding round led by venture capital fund Leo Capital.  
03/06/2020

Agritech startup Crofarm raises USD 1 Million from Smile Group and others, enters B2B2C biz with Otipy

Farm to retail agritech startup, Crofarm, said it has raised USD 1 million in a funding round led by Smile Group, and entered the business-to-business-to-consumer (B2B2C) space with the launch of Otipy, a community-based platform that connects consumers, resellers and farmers.  
03/06/2020

Travel-tech firm QuaQua bags funding from Anthill Ventures

QuaQua Experiences, a platform that provides real and virtual travel experiences, has raised USD 1 million from Anthill Ventures and other existing investors.  
03/06/2020

IAN Fund leads funding in customised furniture startup WoodenStreet

Jaipur-based online furniture platform WoodenStreet has raised USD 3 million in funding led by IAN Fund, the eponymous debut fund of the Indian Angel Network (IAN). Existing investor Rajasthan Venture Capital Fund (RVCF) also participated in this round.    
03/06/2020

BankBazaar raises INR 45 crore in ongoing funding round led by WSV

A&A Dukaan Financial Services, which owns and operates online financial services marketplace BankBazaar, has received INR 45 crore in fresh financing as part of its ongoing Series D round. The latest capital infusion has been led by WSV-a joint venture fund of Walden International and Korean company SKTA-with BankBazaar’s existing […]
02/06/2020

Cube Wealth raises mid-series funding, launches SaaS solution for fund managers

Technology-based investment startup Cube Wealth has raised mid-series funding of USD 500,000, led by founder Satyen Kothari, along with existing investors Singapore-based venture fund Beenext and Japan-based Asuka Holding participating in the round.  
02/06/2020

Munich Re may lead USD 70 million round in Acko

Munich Re Ventures, the strategic corporate venture capital arm of Munich Reinsurance, is in the final stages of leading a USD 60-70 million financing round in Acko Technology. Other existing investors, such as Amazon, former SoftBank executive Kabir Misra’s RPS Ventures and Intact Ventures, will likely participate in the ongoing […]
02/06/2020

VC firm Antler hires Urban Ladder co-founder Rajiv Srivatsa for India entry

Singapore-based venture capital firm Antler is starting its India operations and has appointed Urban Ladder co-founder Rajiv Srivatsa to lead its local operations. Antler plans to bet on as many as 40 companies in India through a country-focused fund within a year.  
02/06/2020

DSG Consumer backs nutraceuticals products brand Nutrova

Axys Nutrition Products, which makes nutrition and nutraceutical products under the brand name Nutrova, has raised an undisclosed  funding from consumer-focused venture capital firm DSG Consumer Partners.  
01/06/2020

Children-focused health snacks brand Timios raises pre-Series A funding

FirmRoots Pvt. Ltd, which operates the children-focused healthy snacks brand Timios, has raised capital as part of its pre-Series A round of funding. The round has been led by Rangsons Technologies LLP, which is part of the Mysore-based NR Group. Others that participated in the round include Paipal Ventures.  
01/06/2020

Ambarish Gupta-founded investment firm Basis Vectors floats USD 50 million fund

Basis Vectors, the software-as-a-service-focussed venture capital and private equity firm, has launched a new fund with a corpus of USD 50 million. The investment exercise has been led by Cianna Capital, with participation from family offices including those of Netcore founder Rajesh Jain, and Tracxn’s Abhishek Goel.  
29/05/2020

Intra-city logistics player Blowhorn scores venture debt financing from Trifecta Capital

Catbus Infolabs, which owns and operates asset-light logistics services provider Blowhorn, has raised an undisclosed venture debt financing from Trifecta Capital.  
29/05/2020

Swiflearn raises seed capital from Stellaris Venture Partners, Venture Highway, others

Swiflearn has raised a large undisclosed amount in seed round from Stellaris Venture Partners and Venture Highway, with participation from Utsav Somani, Founder of Angel List India.  
29/05/2020

IndoStar Capital Finance raises INR 1,225 Crore from Brookfield

Non-banking financial player IndoStar Capital Finance has raised INR 1,225 crore equity capital from Brookfield, an alternative asset manager. The investment by Brookfield in the retail-focused NBFC is a combination of primary investment in equity shares and compulsorily convertible preference shares (CCPS).  
29/05/2020

Former Facebook director Anand Chandrasekaran invests in edtech startup EduRev

Former Facebook director and Snapdeal senior executive Anand Chandrasekaran has invested an undisclosed amount in Delhi-based edtech startup EduRev.  
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