Archive News

01/03/2022

Accel, STRIVE co-lead seed round in test automation platform Testsigma

Testsigma Technologies, has secured seed capital of USD 4.6 Million in a round co-lead by Accel and STRIVE. The fundraise also saw participation from a clutch of investors including BoldCap, Shanmugam Krishnasamy, Kiran Darisi, Parsuram Vijayasankar, Vetri Vellore, Nitesh Banta, CEO at B12 and Ioann Fainsilber, Co-Founder at Pintek, among […]
01/03/2022

Groww chief Lalit Keshre, Cred’s Kunal Shah, others back fintech platform Upswing

Upswing Financial Technologies, which runs the open finance platform Upswing, has raised a funding of USD 4 Million led by QED Investors. The round also saw participation from Kunal Shah (Founder of Cred), Jiten Gupta (Founder and CEO of Jupiter), Rajan Bajaj (Founder and CEO of Slice) and Lalit Keshre […]
01/03/2022

Vijay Shekhar Sharma-backed AjnaLens nets funding from Lets Ventures, angels, others

AjnaLens, an XR hardware and software company, on Monday said it has secured pre-Series A funding of INR 12 crore ($1.6 million) from Lets Ventures Angel Fund, JITO Angel Network and others. The round also saw participation from angel investors including Paytm Founder Vijay Shekhar Sharma, Roots Ventures Managing Partner […]
01/03/2022

Chiratae, Rebright Partners, others bet USD 3 Million on healthtech firm ClaimBuddy

Health insurance startup ClaimBuddy has scooped up USD 3 Million in a pre-Series A round co-led by Chiratae Ventures and Rebright Partners. The fundraise also saw participation from existing investors Titan Capital and Relentless Ventures, with a few other private investors.
01/03/2022

Let’s Venture, JITO Angel Network, others bet on Bengal-based TABLT Pharmacy

TABLT Pharmacy, has secured pre-Series A funding of USD 1.5 Million from JITO Angel Network, Tech Innovation, Let’s Venture, Seeders Syndicate, Angel Bay and other angel investors.
01/03/2022

IndiaMART buys 26% stake in Realbooks, marking its dozenth investment

IndiaMART Intermesh Ltd has bought a 26% stake in Adansa Solutions Pvt Ltd, which operates an accounting software brand Realbooks through its wholly-owned subsidiary Tradezeal Online Pvt Ltd.
28/02/2022

WestBridge Invests USD 9 Million In Upekkha’s SaaS-Focused UP Funds

Venture Capital firm, WestBridge Capital, has announced an investment of USD 9 Million in SaaS accelerator Upekkha’s UP funds.
28/02/2022

Edtech Startup CollegeDekho Acquires Getmyuni And IELTSMaterial For Over INR 50 Cr

Gurugram-based edtech startup, CollegeDekho Group has acquired Getmyuni and IELTSMaterial in a deal valued more than INR 50 Crore. The acquisition enables CollegeDekho Group to hit a 4X revenue run rate growth over its last year’s numbers and scale further to maximise growth this year.
28/02/2022

Agritech Startup WayCool Foods Acquires IP Of GramworkX

Tamil Nadu-based agritech startup, WayCool Foods has acquired the IP of Bengaluru-based startup, GramworkX. The agritech startup will invest USD 1 Million in the company now and another USD 1 Million in the following years.
28/02/2022

BrowserStack and slice Backer Insight Partners Raises USD 20 Billion For Its Twelfth Flagship Fund

New York-based venture capital and private equity company, Insight Partners has raised USD 20 Billion for its twelfth flagship fund as it plans to increase investments in technology and software companies.
28/02/2022

Fintech Startup Perfios Acquires Risk Management Startup Karza For USD 80 Million

Newly minted fintech unicorn Perfios is acquiring Karza Technologies for more than USD 80 Million in an all cash deal.
28/02/2022

NIIF-backed Aseem Infra Finance onboards Japanese bank SMBC as strategic investor

Japan’s Sumitomo Mitsui Banking Corporation (SMBC) has joined National Investment and Infrastructure Fund (NIIF) incubated Aseem Infrastructure Finance Limited (AIFL) as a strategic investor with a 10% stake.
28/02/2022

Warbug Pincus, Bessemer help Perfios raise USD 70 Million to join unicorn club

Fintech platform Perfios, has secured a Series C funding of nearly USD 70 Million from Warbug Pincus and Bessemer Venture Partners.
28/02/2022

IIFL-backed Licious racks up fresh funding from Gruhas Proptech, others

Meat brand Licious, has raised fresh capital from Gruhas Proptech LLP, which is backed by Zerodha’s Nithin and Nikhil Kamath, Haresh Chawla, partner at private equity firm True North and boAT Co-Founder Aman Gupta.
25/02/2022

SaaS Unicorn Chargebee Acquires numberz, Launches Receivables To Help Subscription Businesses Get Paid Faster

Subscription management unicorn, Chargebee has acquired collections management platform numberz and launched its receivables that will help businesses get paid faster.
25/02/2022

Ola Completes 100% Acquisition Of foodpanda From Germany-Based Delivery Hero

ANI Technologies which operates mobility giant Ola along with quick commerce delivery platform Ola Dash and cloud kitchen services Ola Foods has completed its acquisition of once popular food delivery aggregator foodpanda from Germany-based Delivery Hero (India).
25/02/2022

IndiaMART Acquires 26% Stake In IB Monotaro; To Focus Beyond Made-To-Order B2B Ecommerce

B2B marketplace IndiaMART has acquired a 26% stake in Japan-based IB Monotaro. The venture aims to serve B2B businesses by offering an end-to-end commerce experience enablement.
25/02/2022

Airtel Acquires Strategic Stake In Blockchain Tech Startup Aqilliz

Telecom major Bharti Airtel has acquired a strategic stake in Singapore-based Aqilliz, a Blockchain technology startup under the Airtel Startup Accelerator Programme.
25/02/2022

Tiger Global Backed Koo Gets USD 10 Million From Over 20 Investors

Indigenous social media platform Koo has raised over USD 10 Million in two tranches from more than a dozen investors including Caspier Venture Partner, Ravi Modi Family Trust, Ashneer Grover among others.
25/02/2022

Animoca Brands, Coinbase, others back NFT-focused platform bitsCrunch

bitsCrunch, a blockchain analytics platform, has raised private funding of USD 3.6 Million in an oversubscribed round led by Animoca Brands, with participation from Coinbase Ventures, Crypto.com Capital, Polygon Studios, and others.
25/02/2022

Yamaha Motor bets on bike rental platform Royal Brothers

Yamaha Motor has invested an undisclosed amount in bike rental company Royal Brothers via its Moto Business Service India (MBSI) subsidiary.
25/02/2022

Prime Venture Partners marks final close of fourth fund at USD 120 Million exceeds target

Early-stage venture capital firm Prime Venture Partners on has marked the final close of its fourth fund at USD 120 Million, exceeding its target corpus of $100 million. The new fund will seek to invest in startups across fintech, edtech, healthtech, consumer internet and global software as a service (SaaS) […]
25/02/2022

Accel, Lightrock co-lead to write USD100 Million cheque to neobanking platform Niyo

Consumer neobanking company Niyo, operated by Finnew Solutions, has racked up $100 million in a Series C funding co-led by Accel and Lightrock India. The round also saw participation from Beams Fintech Fund, Prime Venture Partners and JS Capital, among others.
24/02/2022

Men’s Clothing Brand DaMENSCH Raises USD 16.4 Million From A91 Partners, Matrix

Bengaluru-based men’s clothing D2C brand DaMENSCH is raising USD 16.4 Million in a fresh funding round led by A91 Partners. This will also see participation from its existing investors such as Matrix Partners, Whiteboard Venture Partners, and Saama Capital.
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