Archive News

08/02/2022

Polygon Raises USD 450 Million From Sequoia, SoftBank, Tiger Global & Others

Ethereum Layer-2 scaling startup Polygon has raised USD 450 Million round led by Sequoia Capital India with participation from more than 40 major VC firms including SoftBank Galaxy Digital, Galaxy Interactive, Tiger Global, Republic Capital, and others.
08/02/2022

Edtech startup Learn Clue secures angel funding

Edtech startup Learn Clue Edtech Pvt Ltd has raised angel funding from serial fintech entrepreneur Markus Ament (Maex). The startup will use the funds for sales and marketing, product development, and operations
08/02/2022

Kalaari bets on two-year old gaming platform Atirath

Venture capital firm Kalaari Capital has invested an undisclosed capital in a seed round in Atirath Gaming Technology. The Hyderabad-based platform plans to build a metaverse based on an economic model while boosting its products and expanding team
08/02/2022

Ex-Twitter India head’s floated edtech venture garners capital from 70 entrepreneurs

Former Twitter India chief Manish Maheshwari’s edtech venture Invact Metaversity has raised an undisclosed amount from Kishore Biyani, TV Mohandas Pai and Kirthiga Reddy, among 70 entrepreneurs. Some notable names who participate in this round are Microsoft, Meta, Coinbase, Google, Twitter, Uber, Amazon, Softbank, World Bank, Ford Foundation, Qatar Foundation, […]
08/02/2022

Kunal Shah-backed GoalTeller raised pre series A round

Fintech platform GoalTeller has raised pre-Series A funding of USD 500,000 from a host of existing investors, founders, family & friends which includes Ranjan Pai, Vivek Banka, Harsh Chhaparia and Prashasta Seth, among others.
08/02/2022

SaaS startup Goldsetu snags seed capital from Village Global, Better Capital, others

Goldsetu which operates an eponymous software-as-a-service (SaaS) platform, has raised USD 1.2 Million in a seed funding led by Village Global, Better Capital, Titan Capital, iSeed, and Anjali Bansal and also saw participation from Kunal Shah, Suhail Sameer, and Revant Bhate among others
07/02/2022

NFT Platform Colexion Bags USD 5 Million To Build Metaverse Capabilities

Colexion — famous for launching the ‘Trump Card’ NFTs — has raised USD 5 Million in its seed and private round.The round saw participation from Polygon, Jump Trading, Alan Howard, HyperEdge Capital, C² Ventures, GSR, Oracles Investment Group (OIG), Gains Associate among others.
07/02/2022

ADIA, GIC among anchor investors in Vedant Fashions Limited

Ethnic wear brand Manyavar’s parent Vedant Fashion has raised INR 944.76 Crores from 75 anchor investors including sovereign funds Abu Dhabi Investment Authority (ADIA) and the Government of Singapore ahead of its initial public offering (IPO).
07/02/2022

GII backs Bombay Shaving Company in extended Series C round

Male grooming brand Bombay Shaving Company (BSC) has raised INR 50 Crores in funding from Gulf Islamic Investments as part of its extended Series C financing round. The company had announced to have secured INR 160 Crores led by Malabar Investments in the first leg of its Series C round […]
07/02/2022

Elevation Capital writes USD 3 Million cheque to DeFi platform Pillow

Decentralised finance (DeFi) startup Pillow has secured a seed capital of USD 3 Million led by Elevation Capital. The round also saw participation from Scott Lewis, JD Kanani and Sandeep Nailwal, Prabhakar Reddy, Aniket Jindal , Ramakant Sharma, and Farid Ahsan among others.
07/02/2022

Zomato-backed Shiprocket invests in logistics SaaS platform Logibricks

Zomato backed e-commerce shipping and enablement firm Shiprocket has invested USD 1.5 Million in Logibricks Technologies which is a (software-as-a-service) SaaS platform that enables online retailers to manage their end-to-end operations on the post-purchase side
07/02/2022

Jio Platforms invests USD 15 Million in Pranav Mistry’s AI firm Two Platforms Inc

Jio Platforms Ltd has invested USD 15 Million in Two Platforms Inc which is a Silicon Valley based deeptech startup founded by Pranav Mistry for a 25% equity stake on a fully diluted basis.
07/02/2022

Angels back ayurveda focused D2C brand Life & Pursuits

Life & Pursuits a direct-to-consumer (D2C) beauty brand focused on Ayurveda has secured USD 500,000 funding from a host of angel investors including Supermorpheus, Eagle10 Ventures, Pankaj Agrawal, Madhup Agrawal, Tarun Matta Ankur Singla among others.
04/02/2022

Infosec Startup Scrut Automation Raises USD 3 Million To Expand In US, EU And Asia Markets

Information security (infosec) startup Scrut Automation has raised USD 3 Million in seed funding from Lightspeed and Endiya Partners.
04/02/2022

Disruptors Capital launches Rs 120 Crores VC fund

Disruptors Capital has launched an INR 120 Crore early-stage venture capital fund to invest in tech startups across India, Southeast Asia, and the US. The Category-I Alternate Investment Fund (AIF) has received approval from the Securities and Exchange Board of India (SEBI)
04/02/2022

Digital solutions company UST buys Silicon Valley firm Accrete Hitech Solutions

Digital transformation solutions company UST has acquired Silicon Valley-based consulting and outsourcing platform Accrete Hitech Solutions for an undisclosed amount. This buyout will further add scale and depth to the digital product engineering portfolio for UST.
04/02/2022

Chai Point raises funding from InCred Capital

Mountain Trail Foods Pvt Ltd, which operates the Chai Point network of tea cafés, has raised funding from InCred Capital. Financial details are not disclosed yet
04/02/2022

Zomato CEO Deepinder Goyal sells own stake in Blinkit to Tiger Global

Deepinder Goyal, online food aggregator and delivery platform Zomato’s Co-founder and Chief Executive Officer has sold his personal stake in Blinkit, formerly known as Grofers, to Tiger Global Management.
04/02/2022

Multi-family office Waterfield Advisors scoops up USD 6 Million in Series B round

Multi-family office and advisory firm Waterfield Advisors has raised a funding of USD 6 Million in a Series B round from undisclosed investors and high net worth individuals. The company plans to bet the fresh funds on technology and expand its global footprint.
04/02/2022

ChrysCap-backed Safex acquires Shogun Organics’ agri focused arm

Agrochemicals company Safex Chemicals India has bought Gujarat-based firm Shogun Lifesciences for an undisclosed amount. Safex has acquired Shogun Lifesciences through its wholly-owned Pune-based subsidiary Shogun Organics Ltd which manufacturers home care active ingredients
04/02/2022

Brick manufacturing startup ZERUND raises capital from govt-backed VC

Zerund Manufacturing which operates the brick manufacturing startup ZERUND has raised an undisclosed amount from NEDFi Venture Capital Ltd (NVCL) in a pre-series A round
04/02/2022

Tiger Global leads USD 32 Million funding in engagement investment platform Jar

Jar, an engagement platform for savings and investments has raised USD 32 Million as a part of its Series A funding round led by Tiger Global Management and also saw partnership from Rocketship VC, Third Prime, Stonks, Force Ventures along with existing investors including Arkam Ventures and WEH Ventures. Also […]
03/02/2022

Logistics Startup Ecom Express To Raise INR 4,860 Crores Via IPO

IPO-bound logistics startup Ecom Express which is heading for an initial public offering has finalized its IPO offer. The Delhi-based logistics startup will be issuing a fresh issue size worth INR 2,160 Cr. The startup’s offer will also include offer-for-sale worth INR 2,700 Cr by existing shareholders.
03/02/2022

Enterprisetech Unicorn Gupshup Buys Cloud Telephony Startup Knowlarity

Conversational engagement platform Gupshup will acquire cloud-based telephony startup Knowlarity, for an undisclosed amount. Sequoia India will retain its investment and will get an equity stake in Gupshup. Other investors meanwhile, will fully exit the startup.
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