Archive News

16/02/2022

Celebration-Focussed ‘House Of Brands’ Join Ventures Raises USD 10 Million

Mumbai-based House of Celebration-focussed D2C Brands Join Ventures has raised USD 10 Million in its Series A round from DSG Consumer Partners, Rajiv Dadlani Group, 9Unicorns and Venture Catalysts. Join Ventures plans to use the funds to ensure the expansion of its dark stores network, product development via tech advancements […]
16/02/2022

Early Stage VC 8i Ventures to mark first close of Fund II By April 2022

Early-stage venture capital (VC) fund 8i Ventures had launched 8i Fund II — with a corpus of USD 50 Million. The ticket size of investments will range between USD 500K and USD 5 Million depending on the growth stage and maturity of the company
16/02/2022

Men’s Health & Wellness Startup Bold Care Secures Funding To Expand Overseas

Men’s health and wellness direct-to-consumer (D2C) startup Bold Care has raised Pre-Series A funding from Sharrp Ventures, Anthill Ventures, Stanford Angels & Entrepreneurs and Shiprocket. Existing investors NB Ventures and Huddle also participated in the round. The amount raised will go for product development, widen customer base and overseas expansion […]
16/02/2022

RapiPay raises USD 15 Million to launch Digital Banking Super App

Fintech startup RapiPay has raised USD 15 Million in funding to launch NYE, a new-age digital banking super application. The current funding round is led by Varun Jaipuria of RJ Corp, DLF Family Office, Rahul Gautam of Sheela Foam and Rohan Kumar of DS Group.
16/02/2022

Offgrid Energy Labs Secures Funding From Shell, Ankur Capital & APVC

Kanpur-based energy tech startup Offgrid Energy has raised undisclosed funds from energy solutions giant Shell, venture capitalists Ankur Capital and APVC to take its flagship product rechargeable zinc-based battery ZincGel to the market.
16/02/2022

Info Edge Acquires 25% Stake In Edtech Startup Juno Learning For INR 11.25 Crores

Info Edge has acquired a 25% stake in Gurugram-based Ed-Tech startup Juno Learning for INR 11.25 Crores. The investment would help the company create and consolidate its presence into a niche vertical of sales upskilling.
16/02/2022

D2C-focused Join Ventures snags USD 10 Million from 9Unicorns, Venture Catalysts, others

Join Ventures has secured Series A funding of USD 10 Million from DSG Consumer Partners, Rajiv Dadlani Group, 9Unicorns and Venture Catalysts. The platform plans to use the fundraise for dark stores network expansion, revving up technology and logistics
16/02/2022

Capital A sets up USD 10 Million fund to back India EV startups

Capital A, a venture fund for seed to early-stage investments has floated a USD 10 Million cleantech fund ‘Evolve’ to back India startups operating in electric vehicles space. Capital A’s strategy will also involve various tie-ups with academic institutions focusing on the EV sector and encourage entrepreneurship in the domain
16/02/2022

India Accelerator-backed SustainKart acquires homecare brand FromVedas

SustainKart, an e-commerce marketplace for sustainable products, has acquired homecare brand FromVedas. SustainKart is eyeing bets on marketing support and strategic celebrity partnerships to promote these brands across the board.
16/02/2022

Anveya Living raises seed funding from Rukam Capital

Anveya Living has raised INR 8 Crores in its seed funding round from Rukam Capital. The company plans to deploy the fresh capital for research and development (R&D), enter new categories and markets, and build its team.
15/02/2022

Fitness Unicorn Cult.fit Acquires Indian Business of Gold’s Gym

Fitness unicorn Cult.fit has acquired a majority stake in F2 Fun & Fitness which owns the Indian franchise of international gym chain Gold’s Gym. With this acquisition, Cult.fit will now operate the Indian chain of Gold’s Gym.
15/02/2022

CredAvenue Acquires Spocto To Enable Debt Recovery

Debt marketplace startup CredAvenue has acquired about 75% stake in digital collections startup Spocto for around INR 400 Crores. This will help expand the company’s product offerings to include a digital collection solution for lenders and further improve its value proposition to the BFSI sector.
15/02/2022

Shiprocket Marks 4th Acquisition In 2022, Buys Supply Chain Management Startup Glaucus

Tech-enabled logistics and fulfillment startup Shiprocket has acquired a majority stake in supply chain management startup Glaucus. The transaction would allow Shiprocket to accelerate development solutions that would further accelerate speed, accuracy, and efficiency in the purchase process across trade channels.
15/02/2022

Sequoia Leads USD 12 Million Series A In Health Insurance Startup Kenko Health

Bengaluru-based health insurance startup Kenko has raised USD 12 Million in Series A funding led by Sequoia India and also saw participation from existing investors like BEENEXT, Orios, 9Unicorns, and Waveform
15/02/2022

Sequoia’s Surge writes USD 1.9 Million seed cheque to SaaS platform BiteSpeed

Software-as-a-service (SaaS) platform BiteSpeed has bagged seed funding of USD 1.9 million led by Sequoia India’s Surge and also saw participation from First Cheque, Whiteboard Capital, Cred’s Founder Kunal Shah, and Ankur Nagpal, Founder of Teachable.
15/02/2022

Jio to invest USD 200 Million in Singapore’s AI-backed lock screen firm Glance

Glance, an artificial intelligence (AI)-driven lock-screen live content and commerce platform, has agreed to raise USD 200 Million in a Series D round of funding from Jio Platforms, a subsidiary of Reliance Industries
15/02/2022

Mamaearth parent buys BBlunt for INR 134 Crores to venture into hairstyling segment

Mamaearth has bought BBlunt, a hair color and styling products brand owned by GCPL for INR 134 Crores to make forays into the hair color and hairstyling categories. BBlunt hair care and styling business will be completely owned and managed by Mamaearth and salon will work independently
14/02/2022

Swiggy To Acquire Dineout In A USD 200 Million Deal; To Take On Zomato’s Dine-In Biz

Food delivery giant Swiggy is in the final stages of acquiring Times Internet’s online restaurant table booking service platform Dineout. With this deal, Dineout’s majority shareholder, Times Internet will be exiting the company.
14/02/2022

Mensa Brands leads Series A round in beauty brand RENEE Cosmetics

Homegrown beauty brand RENEE Cosmetics has raised USD 10 Million in its Series A round of funding led by Thrasio-styled venture Mensa Brands.The round also witnessed participation from the existing investors including Equanimity Ventures and 9Unicorns
11/02/2022

Infra.Market Bags USD 30 Million In Debt From Sachin Bansal’s NAVI Finserv, Others

Construction-focused marketplace Infra.Market has raised USD 30 Million in a debt funding round led by Sachin Bansal’s NAVI Finserv, in participation with Vivriti Capital, IFK Finance, Meesho’s Vidit Aatrey, Incred Wealth, Credavenue, Sanjeev Kumar among others.
11/02/2022

YC-Backed Invoicing & Accounting Startup Swipe Bags Funds From Kunal Shah, Soma Capital

Invoicing & Accounting Startup Swipe Bags has raised USD 2 Million in a seed funding round led by Y Combinator and also saw participation from Global Founders Capital, Soma Capital, Locus Ventures, Duro Ventures, Lish & Oliver Jung. 25+ angels, including CRED’s Kunal Shah, Justin Hamilton, GoCardless’ Matthew Jack Robinson, […]
11/02/2022

Bollywood actor Pankaj Tripathi invests in agritech startup Krishi Network

Agritech app Krishi Network has roped in actor Pankaj Tripathi as its brand ambassador who has also backed the platform for an undisclosed capital. The startup plans to use the fresh funds to boost its artificial intelligence-based technology platform across India.
11/02/2022

RIL subsidiary to invest INR 50 Crores in Altigreen Propulsion Labs

A subsidiary of Reliance Industries announced the acquisition of a stake in electric vehicle (EV) technology and solutions company Altigreen Propulsion Labs Pvt Ltd for INR 50.16 Crores. The investment is part of the company’s strategic intent of collaborating with innovative companies in mobility ecosystem
11/02/2022

Runo raises USD 5,00,000 in a funding round led by Unicorn India Ventures

Call and customer relationship management solution platform Runo has raised USD 500,000 as a part of its pre-Series A round led by Unicorn India Ventures. The firm plans to deploy the fundraise to rev up the product roadmap and expand reach to the Middle East, SEA, and the US market […]
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