Archive News

21/10/2022

Zoomcar Snags USD 10 Million From Innovative International Sponsor

Homegrown car-sharing platform Zoomcar has received USD 10 Million in funding from Ananda Small Business Trust, a subsidiary of blank-check firm Innovative International Acquisition’s sponsor, Innovative International. The indicated pro forma enterprise value of the merged business is USD 456 Million
21/10/2022

Hyderabad VC Firm Silverneedle Floats INR 100 Cr Maiden Fund

Hyderabad-based venture capital firm Silverneedle Ventures, floated by former executives of investment platform Xseed Partners, has launched its first category-I alternative investment fund (AIF) with a target corpus of INR 100 Cr to invest in early-stage startups. The sector-agnostic technology fund will evaluate portfolios in segments across B2B (business-to-business), SaaS […]
21/10/2022

GlobalFair Rakes In USD 20 Million From Lightspeed, Saama Capital, Others

Building materials supplier GlobalFair on Thursday said it has raised Series A funding of USD 20 Million in a mix of equity and debt led by Lightspeed Venture Partners, with participation from investors including Saama Capital, India Quotient, AUM Ventures and Stride Ventures.
20/10/2022

Digital Documentation Firm Leegality Snags USD 5 Million From Existing Investors

Digital documentation platform Leegality has raised USD 5 Million in a Series A funding round from existing investors IIFL Fintech Fund and Mumbai Angels. The platform plans to use the funds to accelerate customer acquisition, invest in product development and enhance the customer experience.
20/10/2022

Digital marketing solutions startup Intellemo has secured seed capital of over INR 3 Cr led by Inflection Point Ventures

Digital marketing solutions startup Intellemo has secured seed capital of over INR 3 Cr led by Inflection Point Ventures. The round also saw participation from CRED’s founder Kunal Shah, Badri Ecofibers’ founder Amit Gupta and others. The startup will use the fresh funds to expand the tech team and scaling […]
20/10/2022

Mistry.Store has secured seed funding of USD 2 Million led by early-stage investment firm Omidyar Network India

Home interior materials startup Mistry.Store has secured seed funding of USD 2 Million led by early-stage investment firm Omidyar Network India. The round also saw participation from Waveform VC and Bharat Founders Fund, with angel investors including OYO’s Maninder Gulati, Vasant Sridhar (Co-founder of OfBusiness), Rohit Kapoor (CEO of Swiggy) […]
20/10/2022

Bourse-Bound Indegene Buys New York’s Marketing Firm CultHealth

Bengaluru-based Indegene Lifesystems, which provides clinical, commercial and marketing solutions to life sciences and pharmaceutical companies, has bought New York-based healthcare marketing agency CultHealth through its subsidiary ILSL Inc. With this buyout, Indegene will look to improve its portfolio ahead of its upcoming initial public offering. The deal adds brand […]
20/10/2022

GFC, LC Nueva Co-Lead USD 10 Million Round In Digital Lending Firm Revfin

RevFin Services, a digital lending startup focused on e-mobility has secured USD 10 Million co-led by GFC and LC Nueva, as a part of its Series A capital raise in equity and debt. The round also saw participation from existing investors
20/10/2022

Building Materials Marketplace GlobalFair Rakes In USD 20 Million From Lightspeed, Saama Capital, Others

Building materials supplier GlobalFairhas raised Series A funding of USD 20 Million in a mix of equity and debt led by Lightspeed Venture Partners, with participation from investors including Saama Capital, India Quotient, AUM Ventures and Stride Ventures.
19/10/2022

MedGenome Keeps USD 40 Million For Acquisitions This FY

MedGenome Inc., which is backed by Sequoia Capital, Novo Holdings, and LeapFrog Investments among investors, has earmarked USD 40 Million for acquisitions this financial year. The genomics research startup is targeting to close three deals in the next two to three months.
19/10/2022

Vertex Ventures Leads USD 9 Million Series A Round In Used Two-Wheeler Etailer BeepKart

Beep Innovations which runs full-stack online retailer for used two-wheelers BeepKart, has secured Series A funding of USD 9 Million led by Vertex Ventures Southeast Asia and India, with participation from existing investors Stellaris Venture Partners and Chiratae Ventures.
19/10/2022

Wipro Consumer’s Venture Arm Backs Indonesia-Based Supplement Brand YOUVIT

Wipro Consumer Care Ventures, the venture funding arm of Wipro Consumer Care & Lighting has invested in Indonesia-based startup YOUVIT which sells nutraceutical and wellness products for children and adults. This marks the fund’s first direct investment in a south-east Asia startup.
19/10/2022

Weh Ventures, Rainmatter, Others Invest In Reusable Packaging Platform InfinityBox

InfinityBox, a reusable packaging platform for single-use plastic containers has raised USD 800,000 in a seed funding round led by Weh Ventures with participation from Nithin Kamath’s Rainmatter, Kolte Patil Family Office, Ankit Kedia of Capital A and Gaurav Thakkar of Rockstud Capital
18/10/2022

BNPL Startup Snapmint Raises USD 21 Million Debt & Equity Funding

Mumbai-based fintech startup Snapmint has raised USD 21 Million in a mix of equity and debt. The equity round was led by Prashasta Seth, CEO and CIO of Prudent Investment Managers, while it also saw participation from both existing and new investors like Kae Capital, 9 Unicorns, Anicut Capital, and […]
18/10/2022

Shopr.TV Gets Funding From BEENEXT, Kunal Shah For Its Live Commerce Platform

Live-commerce startup Shopr.TV has raised USD 1.7 Million seed funding from institutional investors, including BEENEXT, Y-Combinator, Locus Ventures, Shiprocket, Goodwater Capital, and more. Additionally, angel investors such as CRED’s Kunal Shah, Groww’s Lalit Keshre, Afore Capital’s Venky Karnam have also participated in the round.
18/10/2022

Investmint Bags Funding From Nexus For Its Signal Based DIY Trading App

Signal-based trading and investment startup Investmint have raised USD 2 Million in its seed funding round led by Nexus Venture Partners. The startup plans to use the fresh funding to expand its product, engineering, and quantitative research teams
18/10/2022

OhLocal has secured an pre-seed funding from a host of marquee angel investors and venture capital funds

Gurugram-based e-commerce marketplace OhLocal has secured an undisclosed amount of pre-seed funding from a host of marquee angel investors and venture capital funds. Some of the investors who participated in the round included Sunil Kumar Singhvi from JITO Angel Network, Harish Menon, Puneet Verma, Partner at Aquilo LLP and Sahil […]
18/10/2022

Workruit has secured pre-Series A funding of USD 500,000

StoryTech Pvt Ltd, which runs artificial intelligence-backed recruitment startup Workruit has secured pre-Series A funding of USD 500,000 from the US-based family office of Kantamaneni. The firm plans to use the fresh funds to scale its product, expand operations and boost customer acquisition.
18/10/2022

V-Mart Retail Acquire Tiger Global-Backed LimeRoad

Mumbai-listed value retail chain V-Mart Retail Ltd has signed a definitive agreement to acquire LimeRoad, a social commerce platform, in what is also likely another distressed transaction in the consumer facing category. Through the transaction both the parties will leverage each other’s strength to deliver emerging fashion trends to atleast […]
18/10/2022

Kilde Backs Fashion Trade Startup Reevoy In USD 6 Million Debt Round

Fashion trade platform Reevoy Limited has secured INR 48 Cr from Singapore-based private debt investment firm Kilde in a fresh capital raise. The Mumbai-based startup plans to use the fresh funds to boost its invoice financing arm as well as to expand operations and offerings across segments.
18/10/2022

SphitiCap, Venture Catalysts, Others Invest USD 5 Million In Eyewear Brand ClearDekho

Eyewear retailer ClearDekho has raised USD 5 Million in a Series A funding round co-led by early-stage fund SphitiCap and Venture Catalysts. The round also saw participation from Dholakia Ventures, NB Ventures, Estrela Ventures and Cornerstone, among others.
17/10/2022

Faad Network Launches Early-Stage Startup Accelerator

Angel network Faad Network has launched an accelerator program to mentor early-stage startups so that they receive further seed funding. The network will invest INR 25 Lakhs each in five startups during the first cohort, focused on fintech firms, with certain companies receiving further investment.
17/10/2022

Avataar’s New Fund To Back B2B, SaaS Startups

Avataar Venture Partners has launched a new venture capital fund with a target corpus of USD 350 Million The fund will invest in 12-15 growth-stage startups that operate on business-to-business (B2B) and software-as-a-service (SaaS) models.
17/10/2022

Beams Fintech Fund Joins Progcap As New Investor In USD 50 Million Round

Venture Catalysts’ floated Beams Fintech Fund invested in Progcap i.e. an SME-focused financing provider in its ongoing Series C round of USD 50 Million. The round also saw participation from existing investors including Google, Tiger Global, Creation Investments and Sequoia Capital, with participation from GrowX, CIBIL Chairman MV Nair and […]
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