Archive News

03/10/2022

Mufin Green Finance Raises Series A Funding

Listed non-banking financial company (NBFC) Mufin Green Finance has raised INR 45 Cr in a Series A funding round from Incofin India Progress Fund (IPF). Company is planning to disburse income-generating loans worth INR 5,000 Cr in the next 5 years
03/10/2022

Hummingbird Ventures Leads Seed Funding Round In Vance

Cross-border neobanking platform Vance has raised USD 5.8 Million in a seed funding round led by Hummingbird Ventures. The round also saw participation from Global Founders Capital, YCombinator, Soma Capital and seasoned angels such as Alan Rutledge and Gokul Rajaram.
03/10/2022

Listed U Gro Capital Raises Funding Via ECB Route

Listed-fintech lending platform U Gro Capital Ltd has raised USD 5 Million via external commercial borrowings (ECB) from Liechtenstein-based EMF Microfinance Fund, AgmvK. U Gro Capital plans to use the funds to extend credit to underserved business sections, the company said in a release.
30/09/2022

HCL Acquires Majority Stake In Vernacular Edtech Platform GUVI

IT giant HCL Group has acquired a majority stake in vernacular edtech platform GUVI. However, it didn’t disclose the acquisition cost. With this acquisition HCL aims to ensure that technology aspirants have ease of access to learning and upskilling via holistic courses in the native language
30/09/2022

Supply Chain Visibility Startup FourKites Raises USD 10 Million From Mitsui & Co

Chicago and Chennai-based supply chain visibility startup FourKites has received a USD 10 Million investment from Mitsui & Co., Ltd., a Japanese conglomerate. The investment comes as part of an ongoing strategic relationship between the two companies. The Japanese conglomerate is looking to invest more resources to expand the startup’s […]
30/09/2022

Kidswear brand Kidbea raises undisclosed sum in funding led by Agility Ventures

Noida-based kidswear brand Kidbea has raised INR 1.5 Cr as a part of its pre-seed funding round led by Agility Ventures, with participation from individual investors including Nandi Mehta (CFO of Kaaf Funds), Tapas Sahu (Chairman of the CII in Jharkhand) and Divij Bajaj (founder of Power Gummies), among others.
30/09/2022

Preimage Bags Funding To Revolutionise 3D Digital Reconstruction Market

Preimage Private Limited, a cloud-based 3D reconstruction firm has secured seed funding of USD 1.7 Million from pi Ventures, Better Capital, Java Capital, and a clutch of angel investors. The startup plans to deploy the fresh capital to scale its team across business verticals and roll out products for drone-based […]
30/09/2022

JetSynthesys Makes First Meta Bet; Earmarks USD 50 Million To Invest In Next Three Years

Gaming firm JetSynthesys has bought Bengaluru-based Web3 product studio Metaphy Labs for an undisclosed amount, marking its first acquisition in the metaverse. With this acquisition JetSynthrsys aims to facilitate metaverse experience by providing ‘metaverse as a service’ (MAAS) to brands, helping them build their own virtual worlds, replete with meta […]
29/09/2022

Bollywood Actress Dia Mirza Backs Sustainable Clothing Brand Greendigo

Bollywood actress Dia Mirza has invested in a sustainable baby apparel brand Greendigo. With this, Mirza has formed a strategic relationship with the apparel startup besides joining the brand as its ambassador. Greendigo will use the funds to invest in its tech infra, brand building and marketing activities.
29/09/2022

Meesho Raises USD 192 Million From Parent Entity Amid Festive Season Sale

Social commerce startup Meesho has received USD 192 Million from its parent entity, Meesho Inc amid the festive season sale. The latest fundraise comes just a year after Meesho raised USD 570 Million in a round led by Fidelity Management and B Capital Group in September last year.
29/09/2022

Somerset Indus Capital Set To Launch Third Fund

Healthcare-focused private equity firm Somerset Indus Capital Partners is planning to launch its third India fund in the March quarter. The fund size is expected to be around USD 200 Million
29/09/2022

AI Startup UnScript.Ai Raises USD 1.2 Million Led By Exfinity, Venture Partners

AI based unSCRIPT.ai, a platform for creating personalized synthetic videos in real-time has raised over USD 1.25 Million round led by Exfinity with participation from Stellaris. The round also saw participation from Ghazal Alagh (co-founder of Mamaearth), the Mankind Pharma promoter’s family office, Endurance Capital (Angellist) and other key angel […]
29/09/2022

Pi Ventures, Better Capital, Others Back 3D Reconstruction Startup Preimage

Preimage Private Limited, a cloud-based 3D reconstruction firm has secured seed funding of USD 1.7 Million from pi Ventures, Better Capital, Java Capital, and a clutch of angel investors. The Bengaluru and US-based startup plans to deploy the fresh capital to scale its team across business verticals and roll out […]
29/09/2022

Former Kae Capital Partner Launches USD 200 Million Growth Fund

Elev8 Venture Partners (Elev8), led by former Kae Capital partner Navin Honagudi announced the launch of its maiden USD 200 Million sector agnostic fund. The maiden fund will be investing in growth-stage, technology-driven companies with a ticket size between USD 5-15 Million. Elev8 will primarily enter at Series B and […]
28/09/2022

Uma Robotics has raised an undisclosed amount in a pre-seed round

An internet of things-solutions provider Uma Robotics has raised an undisclosed amount in a pre-seed round from We Founder Circle (WFC) as a part of its early-stage startup investment platform’s global accelerator programme, EvolveX. The IoT-focused player will use the funds to increase size of its engineering team, for business […]
28/09/2022

Mumbai-based pizza chain Cheelizza has raised INR 4.11 Cr in seed funding from Indian Angel Network

Mumbai-based pizza chain Cheelizza has raised INR 4.11 Cr in seed funding from Indian Angel Network (IAN), among others. Sagar Daryani, founder of Wow! Momo; Karan Tanna of Ghost Kitchens and Rahul Surana, a principal at an international fund, also participated in the round.
28/09/2022

B2B Platform Saveo Raises Funds At USD 50 Million Valn

Bengaluru-based Saveo Healthtech Pvt Ltd, which operates a business-to-business e-commerce platform focused on pharmacies, has secured USD 4.5 Million in a fresh funding round co-led by Matrix Partners, Gunosy Capital and 4point0 Health Ventures.
28/09/2022

IvyCap, We Founder Circle Back Mental Health Startup Lissun

Mental and emotional healthcare Lissun has secured pre-seed funding of USD 1 Million led by IvyCap Ventures, with participation from We Founder Circle and Supermorpheous. The round also saw participation from angel investors including Gaurav Munjal (Unacademy), Harsh Jain (Groww), Sandeep Aggarwal (Droom and ShopClues) and Pavan Vaish (IBM Daksh […]
27/09/2022

Mahindra Logistics To Acquire Troubled Startup Rivigo’s B2B Express Business

Mahindra Logistics will acquire the B2B express business of logistics startup Rivigo. Mahindra Logistics will acquire customers, team and assets of Rivigo’s B2B express arm. They haven’t disclosed the acquisition cost.
27/09/2022

Commercial EV producer Urban Sphere raises INR 30 Lakhs in funding round

Commercial electric vehicle startup Urban Sphere has raised INR 30 Lakhs in its first funding round through an undisclosed angel network. The startup plans to use the investment to bolster the company’s operations and to focus on increasing its clientele for connected commercial four-wheeled vehicles.
27/09/2022

Nirmalaya Raises USD 800,000 In Seed Funding

Natural fragrance brand Nirmalaya has raised USD 800 K in its seed funding round, led by Artha Venture Fund along with investors including DotIn Network, Shiprocket – Huddle Accelerator, Flawless Company Family office and other angel investors.
27/09/2022

Butterfly Learnings raised funds to build and scale the digital product and expand its physical footprint across India.

Child development platform Butterfly Learnings has raised USD 1.5 Million in its seed funding round from Insitor Partners, 9Unicorns, Venture Catalysts, Fondation Botnar and UTIL Stiftung, and CIIE.CO.
27/09/2022

Mumbai Angels, Faad Network Back FMCG Brand Sugar Watchers

Sugar Watchers, an FMCG brand aimed at managing diabetes and obesity has secured an undisclosed amount in a funding from early-stage investment firm Mumbai Angels Network and angel network Faad. Sugar Watchers will deploy the fresh proceeds to scale marketing, working capital, and for product development
26/09/2022

Bengaluru-Based Fintech Startup M2P Adds Visa To Its Cap Table

Financial infrastructure provider M2P has received investment of USD 2.7 Million in its Series C-1 round from the American multinational financial service provider Visa. Visa has been actively investing in Indian fintech startups and has backed PayMate, BillDesk, and Open in the past
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