Archive News

03/05/2021

Robotics Company GreyOrange Planning US Listing To Raise Over USD 500 Million

Tiger Global-backed Indian robotics company GreyOrange is reportedly evaluating a US listing to raise USD 500-600 Million. The company is in early-stage discussions with investment banks JP Morgan, Bank of America, and Morgan Stanley for the listing
03/05/2021

World Bank’s International Finance Corp to invest in Singapore-based Jungle Ventures’ fund

World Bank’s International Finance Corporation would invest USD 25 million in the fourth fund of Jungle Ventures.Jungle Ventures plan to invest in 15 to 20 early-stage companies in sectors such as consumer internet, fintech, business to business and small and medium enterprises focused on tech
30/04/2021

Kirana Commerce Platform ElasticRun Raises USD 75 Million At USD 400 Million Valuation

Kirana commerce platform ElasticRun has raised USD 75 Million in a round led by existing investors Avataar Venture Partners and Prosus Ventures. Kalaari Capital also participated in the funding round. With the latest funding, ElasticRun has a USD 400 Million post-money valuation.
29/04/2021

NetApp Excellerator picks four Indian startups for latest cohort

Hybrid cloud data services and management company NetApp announced eight startups chosen for the eighth cohort of NetApp Excellerator. The eight startups working in areas of location intelligence, smart manufacturing, employee experience, and healthcare, are Data Sutram, FireCompass, Metabob, Maxbyte, Nife, Snapblocs, State of Mind, and Tongadive
29/04/2021

Dental platform CareStack gets funding from existing investors in extended round

CareStack, a cloud-based software-as-a-service startup targeting the dental industry has raised INR 167 crore in its extended Series B round of funding from existing investors. London-based hedge fund Steadview Capital, US-based insurance plan provider Delta Dental, Accel, Eight Roads, and F-Prime Capital participated in this round.
29/04/2021

Biotech startup raised Pre Series A round for ‘first-in-human’ studies of new drug candidate for vitiligo

Pune-based biotech startup Ahammune Biosciences has raised an undisclosed amount in a pre-Series A round led by Ideaspring Capital and Indian Angel Network and also saw participation from new investors Kotak Private Equity, Baldota family fund, and Dr. Ajith Kamath, and existing investors Dr. Anand Deshpande and Suman Kant Munjal.
29/04/2021

Fypmoney raises seed funding from Angels

Fintech platform FypMoney App has secured USD 2 million in seed funding from Liberatha Kallat, Mukesh Yadav, and Dinesh Nagpal to develop its product and execute a growth plan.
29/04/2021

EV maker Revolt Intellicorp secures funding from RattanIndia Group

Electric two-wheeler maker Revolt Intellicorp has raised INR 150 crore in funding from diversified RattanIndia Group (formerly Indiabulls Power). RattanIndia Group has bought 43% of Gurugram-based Revolt Intellicorp as part of the deal. It will utilise the capital to expand its reach in India as well as South Asian markets
28/04/2021

Comofi Medtech has raised seed funding round from JITO Angel Network

Healthcare robotics startup Comofi Medtech has raised USD 288,000 in a seed funding round from JITO Angel Network. Comofi will use the fresh funds to expand its team, product compliance, certification, and working capital purposes
28/04/2021

Inflection Point Ventures backs Qube Health

Mumbai headquartered Qube Health has raised an undisclosed amount in a fresh funding round led by Inflection Point Ventures (IPV) and also saw participation from Mohit Burman of Dabur Group, Keiretsu Forum, Alan Gertner, and Akshay Saxena.
28/04/2021

Lenskart acquihires a micro delivery startup DailyJoy

Lenskart Solutions, which owns and operates omnichannel eyewear brand Lenskart, has acquihired Lucknow-based milk and grocery delivery company DailyJoy. Founded in 2020 by Satish Sharma, DailyJoy was launched as a micro delivery company. The acquihire will bring onboard its three-member team to Lenskart
28/04/2021

Dental SaaS Startup CareStack Raises Over USD 22 MIillion From Steadview Capital & Others

Thiruvananthapuram-based cloud dental software startup CareStack has raised USD 22.5 Million from Steadview Capital, Delta Dental of California, Accel Partners, Eight Roads, and F-Prime Capital. The fresh funds will be used to expand its operations and to double its workforce and grow the annual revenue by four times
28/04/2021

Urban Company raised USD 188 Million in Series F Round

Gurugram-based hyperlocal service provider Urban Company has raised a USD 188 Million Series F funding round led by Prosus and also saw participation from DF International and Wellington Management
28/04/2021

pi Ventures launches second fund to invest in tech startups

Early-stage venture capital firm pi Ventures has launched its second fund of target corpus INR 565 crores and greenshoe option of INR 185 crores. Its latest fund would look to back ventures offering such disruptive tech. pi Ventures said the fund will also invest in segments like space technologies, material […]
28/04/2021

Netafim Agricultural Financing Agency raises USD 50 Million via equity and debt

Netafim Agricultural Financing Agency (NAFA) has raised about USD 50 million via a mix of equity financing and external commercial borrowing from Israel-based Phoenix Group, Cogito Capital, and parent Netafim Singapore. As part of the deal initial equity partners Atmaram Properties and Granite Hill Fund have exited NAFA
27/04/2021

Bizongo closes USD 52 Million in Series C funding round

Smartpaddle Technology which runs business-to-business packaging material startup Bizongo has raised USD 51 Million in its Series C funding round from the CDC Group, Schroder Adveq, Bruno Raschle and also saw participation from existing investors Accel, Chiratae, and World Bank’s International Finance Corporation
27/04/2021

Stanza Living raises USD 102 Million in growth funding round

Co-living startup Stanza Living has raised USD 102 million in a growth funding round led by Alpha Wave Ventures, managed by New York-based Falcon Edge Capital and also saw participation from Matrix Partners India, SCI Investments, Redwood Trust, and Moraine Master
27/04/2021

B2B Edtech Startup LEAD School Bags USD 30 Million

Mumbai based ed-tech startup Lead school which offers technology solutions to help schools and teacher digitize the learning experience has raised USD 30 Million in a Series D round led by GSV Ventures and WestBridge to help LEAD accelerate its growth
26/04/2021

Unbox Robotics raises bridge round from BeeNext

Singapore-based venture capital firm BEENEXT has participated in a USD 1.2 million bridge round of funding in Bengaluru-based logistics automation startup Unbox Robotics and also saw participation from existing investors like Arali Ventures, SOSV, and HAX, and Entrepreneur First and new investors Karthik Bhat, Redstart Labs, and WEH Ventures
26/04/2021

upGrad Raises USD 120 Million From Temasek In First External Funding Round

upGrad, an Ed-Tech company raised USD 120 Million from Temasek. It is their first external equity Funding. The company will use the funds to scale its operations in international markets, pursue mergers and acquisitions in the same space and expand its graduate and postgraduate degree portfolio
26/04/2021

ChargeGrid raises funding from LetsVenture

Navi Mumbai-based ChargeGrid, a brand operated by Magenta EV Solutions which provides hardware, software, installation, and operations and maintenance services for solutions related to electric vehicle (EV) charging has raised its pre-Series A equity round of funding from JAN (JITO Angel Network) and LetsVenture.
26/04/2021

335bazaar raised seed funding from Village Global

335bazaar, a platform that combines online and offline shopping experience has raised its seed round of funding from US-based venture fund Village GlobaIt plans to open 100 stores in the next six months across Delhi
23/04/2021

Accenture Ventures backs Nigerian fintech startup Okra

Accenture Ventures has made a strategic investment in Nigerian fintech startup Okra.Susa Ventures led the round, while new investor Accenture participated along with TLcom Capital and multiple angel investors
23/04/2021

HealWell24 gets funds from ex-Samsonite global CEO and others

Healthtech startup HealWell24 has raised the first tranche of its Series A funding led by Tainwala Family Office and New Delhi-based Kemexel Ventures. Others who contributed to the funding include Abhishek Raj Pandey, and two of the writers of Mirzapur web series.
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