Archive News

21/05/2021

Shell-backed EV charging solutions firm Magenta closes USD 15 Million funding round

Shell-backed Magenta EV Solutions, which focuses on electric vehicle charging solutions closed a USD 15 million funding round led by Indian-American cardiologist and entrepreneur Kiran C Patel
21/05/2021

Google-backed mental health startup Wysa closes funding round

Google-backed mental health platform Wysa has closed a USD 5.5 million Series A funding round led by Boston-based digital health investor W Health Ventures and also saw participation from Google Assistant Investment Program and existing investors pi Ventures and Kae Capital
21/05/2021

Accel-backed consultant ANSR raises Series B funding from Evolvence, Sistema Asia Fund

ANSR Consulting India Pvt Ltd, which helps multinational firms set up global capability centres (GCCs), has raised USD 15 million from Sistema Asia Fund and Evolvence India Fund in its Series B round of funding.
20/05/2021

Ness Digital Engineering acquires Risk Focus

The Rohatyn Group’s (TRG) digital transformation firm Ness Digital Engineering on Tuesday announced the acquisition of Risk Focus, a New York-headquartered consulting and advisory firm specializing in digital transformation for financial services.
20/05/2021

Spacetech Startup Agnikul Raises USD 11 Million To Take Next Step In Satellite Innovation

Chennai-based Space startup Agnikul has raised USD 11 Million in its Series A funding round led by Mayfield India and also saw participation from existing investors pi Ventures, Speciale Invest, and Artha Venture along with BEENEEXT, Globevestor, LionRock Capital, Anand Mahindra, Naval Ravikant, Balaji Srinivasan, Nithin Kamath, Abhishek Singhania, Aarthi […]
20/05/2021

Carbon-fiber startup Fabheads raises INR 8 Crores in pre-Series A round led by Inflection Point Ventures

Fabheads, a startup focused on automated manufacturing in the carbon fibre (and other composites) space has raised INR 8 crores in its pre-Series A round of funding led by Inflection Point Ventures. Existing backers Keiretsu (Chennai Chapter) and stock market investor Vijay Kedia also participated in this round
20/05/2021

Ingenium raises funding led by Lead Angels

Ingenium, an ed-tech startup offering white-label platforms to institutes has raised an undisclosed amount in its seed round funding led by Lead Angels. Existing backer Indian Angel Network has also invested in this round along with iAngels Network of India Accelerator, Faad Network, and Hem Angels.
20/05/2021

Fashion Retailer High Street Essentials raises USD 3.5 Million in funding

Delhi-NCR-based High Street Essentials Pvt Ltd, which owns omnichannel women fashion brands FabAlley and Indya, has raised USD 3.5 Million in a follow-on round of funding from its existing investors. Elevation Capital, India Quotient, Dominor Holding, and family offices participated in this round.
19/05/2021

Mogi IO raises undisclosed funding from Pentathlon Ventures

Cutting Edge Digital which operates B2B video tech platform Mogi IO raised an undisclosed amount from Pune-based Pentathlon Ventures. The capital raised will be used to strengthen the product making it scalable and robust.
19/05/2021

Tiger Global To Lead USD 20 Million Round For Rishi Vasudev’s Thrasio-Style Venture GOAT Brand Labs

New York-based investment firm Tiger Global has reportedly lead a funding round of USD 20 Million on Rishi Vasudev’s latest fashion and retail venture named GOAT Brands Labs and also saw participation from Mayfield and Flipkart’s venture fund. The company will acquire lifestyle brands and help them grow online
19/05/2021

Ed Tech Startup Spark Studios raises first round of funding from Better Capital

Extracurricular ed-tech startup Spark Studio has raised its first round of investment from early-stage venture capital firm Better Capital. The startup will invest in building a strong team to develop its platform
19/05/2021

AI Based Wealth-tech app Pickright Technologies raises USD 200 K

Early-stage venture investor Mumbai Angels Network, along with JITO Angel Network and other angel investors, has invested USD 200,000 in wealth-tech platform Pickright Technologies.
19/05/2021

Martech startup affable raises USD 2 Million in funding

Singapore-based marketing-tech startup Affable.ai has raised USD 2 million from existing investors Prime Venture Partners, Decacorn Capital, and SGInnovate. The startup was founded in 2017 as part of an Entrepreneur First cohort and currently has 20 employees working remotely across different geographies
19/05/2021

ClassMonitor bags pre-Series A funding from India and Gulf investors

ClassMonitor, an ed-tech startup focused on kids and parents has raised USD 477,700 as part of its pre-Series A funding round from Indian construction company Path Ltd, UAE-based Calega family office, and Sarvann, which is a group of Oman-based investors.
18/05/2021

Seed accelerator Techstars selects 9 startups for its third India cohort

Global seed accelerator Techstars Bengaluru announced nine startups as a part of its third cohort in India. The winning startups will each get an investment of USD 120,000 and be a part of a mentorship-driven acceleration programme. The company selected are AfterShoot, Asanify, Asvin Tech, CogniSaaS, CustomerGlu, Dara.Network, EasyLokal, General […]
18/05/2021

FinTech startup BankSathi raises USD 200K in seed round from angels

New Delhi-based fintech startup BankSathi Technologies has raised a USD 200,000 seed funding round from a group of angel investors including Dinesh Godara, founder of TREAD; Rajendra Lora, founder of Freshokartz; and Anuj Ahuja and Aditya Talwar, founders of Studybase
18/05/2021

EdTech startup Virohan raises USD 200,000 more in Series A round

Virohan, an ed-tech company in the healthcare space, has raised additional funding from Rebright Partners to top up its Series A round to a total of USD 3 million. The proceeds from the fundraise will be used for the expansion and addition of new campuses. The firm will also use […]
18/05/2021

Moglix joins unicorn club with Series E funding led by Falcon Edge, Harvard Management

Industrial goods marketplace Moglix has raised USD 120 million in Series E funding led by Falcon Edge Capital and Harvard Management and existing investors Tiger Global, Sequoia Capital India, and Venture Highway. With this funding, Moglix joins the Indian Unicorn club.
18/05/2021

Temasek-backed Pine Labs valued at USD 3 Billion with new fundraise

Payment solutions provider Pine Labs has raised USD 285 Million in funding from Baron Capital Group, Duro Capital, Marshall Wace, Moore Strategic Ventures, and Ward Ferry Management and also saw participation from existing investors Temasek, Lone Pine Capital and Sunley House Capital
17/05/2021

KKR invests USD 95 Million in Lenskart through secondary stake acquisition

Delhi-based omnichannel eyewear startup Lenskart, has raised USD 95 million investment from global investment firm KKR via a secondary stake acquisition. As part of the transaction, existing investors TPG Growth and TR Capital, who first invested in Lenskart in late 2014, will each divest a portion of their holding in […]
17/05/2021

Pickright Technologies raises USD 200K from JITO Angel Network

Pickright Technologies, an AI-enabled wealthtech app, has raised USD 200,000 in a funding round led by JITO Angel Network. Mumbai Angels and a consortium of other angels also participated in this funding round.
17/05/2021

Bengaluru-based MedTel Healthcare raises USD 500K in its pre-Series A funding round

Bengaluru-based MedTel Healthcare raised USD 500,000 in its Pre-Series A funding in a round led by undisclosed investors from the US, India, and Australia. The funds will be deployed for scaling up, product improvement, disease portfolio expansion, developing wearables, and foray into the health sensors segment.
14/05/2021

Ess Kay Fincorp raises INR 337 crore in Series E funding

Ess Kay Fincorp Ltd, a non-banking finance company, has raised INR 337 crore in a Series E funding from TPG Growth, Norwest Venture Partners and Evolvence. The company’s promoter Rajendra Setia also invested in this round.
14/05/2021

Embassy Group invests in proptech-focused Pi Labs’ Fund III

Real estate developer Embassy Group has invested in proptech-focused venture capital firm Pi Labs’ current fund as a limited partner. With the investment in Pi Labs Fund III, the developer aims to take advantage of technology for its portfolio projects as well as further proptech innovation.
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