Archive News

01/09/2022

AI start-up Algomage raises USD 850 K in pre-seed funding

Mumbai-based post-production startup Algomage has raised USD 850,000 in pre-seed funding led by The DotIn Network. Algomage will use the funds to introduce new tools to its AI post-production suite and expand its services to overseas markets.
01/09/2022

EV tech startup Electrifuel raises INR 1.8 Cr in funding from Indian Angel Network

Electric vehicle technology startup Electrifuel has raised INR 1.8 Cr in its seed round led by Indian Angel Network (IAN) investors Vishnuraj Kunjur, Sahil Kejriwal and Pradeep Gupta. The Delhi-based startup plans to use the funds to hire top talents for multiple roles, expand its team and scale production.
01/09/2022

WheelsEMI Raises USD 21 Million; In Talks To Secure More Funds

Two-wheeler lifecycle service startup Bike Bazaar has raised USD 21 Million in its ongoing Series D round of funding from a consortium led by Women’s World Banking Asset Management. The Company plans to deploy the fresh capital to grow its co-lending business across the two-wheeler segment, expand its geographical footprint […]
31/08/2022

MedGenome Raises USD 50 Million To Expand Global Footprint, Scale Up SaaS Offerings

Bengaluru-based genomics research startup MedGenome has raised USD 50 Million as part of a strategic funding round led by life sciences investor Novo Holdings. The round also saw participation from other existing investors such as LeapFrog Investments and Sofina.
31/08/2022

B2B retail commerce platform Soptle raises funds led by Soonicorn LLP and a clutch of logistics leaders

Software as a service (SaaS) startup Soptle has raised an undisclosed angel round led by Soonicorn LLP, along with the participation of All-cargo Group’s executive director Vaishnav Shetty, logistics company Gati’s chief executive Pirojshaw Sarkari, and Zomato-acquired Fitso’s founder Saurabh Agarwal, among others.
31/08/2022

Bored Beverages raises over INR 2.5 Cr in seed round led by Inflection Point Ventures

Beverage brand Bored Beverages has raised INR 2.5 Cr in a seed round led by Inflection Point Ventures. WeFounder Circle’s founder Bhawana Bhatnagar, Soumya Kant of Clovia, Simba Beer’s founder Prabhtej Singh Bhatia and Dot In Network also participated in the funding round.
31/08/2022

Human Edge raises USD 1.5 Million from Bharat Innovation Fund, other investors

Wellbeing platform Human Edge has raised USD 1.5 Million in a round led by Bharat Innovation Fund. Lead Angels and Force Ventures and a few angel investors from Singapore, US, and India also invested in the round. Human Edge plans to use the fund to develop a mobile app. The […]
30/08/2022

Fintech Startup EarlySalary Raises USD 110 Million From TPG Growth, Norwest Capital

Update-The startup has now officially announced the raising of USD 110 Million in its Series D round. The round was led by TPG’s The Rise Fund and Norwest Venture Partners. The current round of funding also includes a secondary sale. The fresh funds will be used to enter new markets, […]
30/08/2022

Merak Ventures Launches USD 100 Million Maiden Fund To Back Early-Stage Startups

Gurugram-based early-stage venture capital firm Merak Ventures is raising its debut VC fund with a target corpus of USD 100 Million. The fund will invest in up to 20 startups over the next three to four years.
30/08/2022

Spacetech Startup Pixxel Bags Investment From Accenture

US-listed IT firm Accenture has made a strategic investment in space tech startup Pixxel which recently launched its first full-fledged commercial imaging satellite, Shakuntala, and is bringing in more innovations in earth imaging technology. The terms of the deal were not disclosed.
30/08/2022

ApniBus secures its pre-seed funding from Antler India

Intercity bus platform ApniBus has raised an undisclosed amount of funding in a pre-seed round led by early-stage venture capital firm Antler India. The round also saw participation from GoodWater Capital and angels including Niraj Singh (founder and CEO at Spinny) and Asish Mohapatra (founder and CEO at OfBusiness).
30/08/2022

Perpetuity Capital raises INR 1 Cr in funding from Sungrace

Fintech startup Perpetuity Capital has secured INR 1 Cr in a funding round from Sungrace Finvest. The Company plans to deploy the fresh proceeds to ramp up its tech capabilities. It also looks to expand its EV OEM tie ups and help with financing their B2B and retail sales.
30/08/2022

Nazara Tech Acquires US-Based WildWorks

Listed gaming startup Nazara Technologies Ltd has bought kids’ interactive entertainment firm WildWorks for INR 78 Cr in an all-cash deal, marking the company’s first acquisition in the US. With this acquisition, WildWorks plans to localize the existing Animal Jam apps for new territories and develop new apps and interactive […]
29/08/2022

VC Firm Climate Angels Sets Up Special Cells To Back Climate Tech Startups

VC fund Climate Angels has launched special syndicates to help investors invest in climate tech startups easily. Under these syndicates, Climate Angels will write off cheques between INR 3-10 Cr in climate tech-focused startups for the period of six years.
29/08/2022

Proptech Accelerator Gruhas ASPIRE Finalises Seven Startups For Its First Cohort

Gruhas ASPIRE is a partnership between Gruhas Proptech Fund, DLF Family Office, and Anthill Ventures. Proptech accelerator has selected seven startups as part of its maiden cohort. Under the initiative, the selected startups will be provided with mentorship on a range of domains including market expansion, business model refinement, hiring, […]
29/08/2022

Credence Invests USD 4 Million In EV Startup 3eco & Its Parent 3ev

Bengaluru-based Credence has invested a total of USD 4 Million in Pre-Series A funding rounds of the EV startup, 3ev and its group company – 3eco Systems. The raised funds will be used for expanding capacity and adding fleets in 3Ev.
29/08/2022

Supply Chain Platform Metalbook Raises Seed Funding

Digital supply chain platform Metalbook has raised USD 5 Million in seed funding led by Axilor Ventures. Foundamental, RTP Global, Stride Ventures and a few angel investors also participated in the funding round. The Company plans to use the funds to scale to 12 newer geographies, strengthen its global network […]
26/08/2022

Agritech Startup Harvesting Raises Funds To Expand Its Network To 5 Mn Farmers

Harvesting raised USD 4 Million from Silicon Valley-based Social Capital and angels Peggy Dulany Rockefeller and Elliott Donnelly. Harvesting plans to take its total employee count to 50 by year-end and launch at least one offline centre in each Indian district. The agritech startup supports farmers for buying agri inputs, […]
26/08/2022

Sandeep Nailwal’s Crypto VC Fund Symbolic Capital Raises USD 50 Million

Symbolic Capital has raised USD 50 Million for the VC fund by and for Web3 founders (and from Web3 enthusiasts such as crypto exchanges, family offices, and institutions).
26/08/2022

Energy Storage Firm Cygni Snags USD 12 Million From Meridian, Others

Energy storage startup Cygni Energy has secured USD 12.5 Million from Meridian Global Ventures and Indian Overseas Bank in a mix of debt and equity funding round. The Hyderabad-based firm plans to use the fresh capital to boost product, ramp up business and to roll out greenfield manufacturing plant in […]
26/08/2022

Kedaara Capital Invests USD 50 Million In IVF Chain Oasis

South India-based in-vitro fertilization (IVF) chain Oasis Centre for Reproductive Medicine has raised USD 50 Million in an equity round of funding from homegrown private equity fund Kedaara Capital.
26/08/2022

Healthtech Startup HealthAssure Bags Fresh Funding In Pre-Series B

Healthtech startup HealthAssure has raised INR 50 Cr in a pre-series B funding round led by Rajiv Dadlani Group. Blume Ventures, Leo Capital, an unnamed US-based impact fund, family offices, and high-net-worth individuals also participated in the round.
26/08/2022

GIC Singapore To Invest USD 50 Million In Paper Boat Maker

Hector Beverages Pvt. Ltd, the maker of Paper Boat beverages and packaged foods, has passed a special resolution to raise USD 50 Million in Series D funding from Singapore’s sovereign fund GIC Pte. Ltd
26/08/2022

Web3 cricket strategy game Cricinshots has raised an undisclosed pre-seed capital from Antler India

Web3 cricket strategy game Cricinshots has raised an undisclosed pre-seed capital from Antler India. The company plans to deploy the fresh proceeds to scale its product and strengthen the team.
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