Archive News

28/06/2022

Google joins Progcap as new investor in its USD 40 Million round

Google became the latest investor in SME-focused fintech Progcap after participating in the company’s Series C funding round that fetched USD 40 Million. Existing investors Tiger Global Management and Creation Investments led the round.
28/06/2022

Tiger Global leads round in EV battery solutions company Battery Smart

Battery-swapping network for electric vehicles, Battery Smart run by Upgrid Solutions has raised USD 25 Million in its Series A funding round led by Tiger Global. The round also saw participation from existing investors Blume Ventures and Orios Ventures.
27/06/2022

FedEx Makes Strategic Investment In Supply Chain Visibility Startup FourKites

FedEx has made a strategic investment in the Chicago and Chennai-based supply chain visibility startup FourKites. The two companies will also partner to make supply chains smarter by bringing visibility into operations. This collaboration will allow it to use its machine learning and AI capabilities with data from FedEx.
27/06/2022

Baring-backed Matter raises USD 10 Million from Info Edge’s Capital 2B Fund, others

Electric mobility and energy storage-focused startup Matter has raised USD 10 Million in its first round of funding from Info Edge’s Capital 2B Fund 1, Climate Angel Fund, and other Indian and overseas high-net-worth individuals (HNIs).
24/06/2022

Fintech Unicorn Pine Labs Acquires API Infrastructure Provider Setu In A USD 70 Million Deal

IPO-bound Pine Labs has acquired Bengaluru-based fintech infrastructure startup Setu to strengthen its offerings. Under the deal, valued at USD 70-75 Million. Pine Labs has acquired 100% stake in Setu. Post the acquisition, Setu will retain its brand identity, business, teams, and its customers. Moreover, the founders will continue to […]
24/06/2022

Indian Actress Rashmika Mandanna Backs D2C Vegan Startup Plum

Maharashtra-based D2C vegan startup Plum has received an undisclosed investment from an Indian actress Rashmika Mandanna. As part of the deal, Mandanna has joined the startup as a brand ambassador to help widen its consumer base
24/06/2022

Recommerce Startup Cashify Raises USD 90 Million, Valuation Soars To USD 250 Million

Recommerce marketplace Cashify has raised USD 90 Million in a Series E funding round led by NewQuest Capital Partners (“NewQuest”) and Prosus. Paramark Ventures and Cashify’s existing investors — Bessemer, Blume Ventures and Olympus Capital also participated in this round of funding
24/06/2022

Sequoia’s Surge raises seed round ticket size to allow founders more runway

Surge – the accelerator and incubation programme by Sequoia Capital for early-stage investing – will increase its seed funding ticket size to USD 3 Million from the current USD 1-2 Million. Increasing the ticket size allows the early-stage founders the runway and time they need to find a product-market fit […]
24/06/2022

AI firm Neuron7 snags USD 10 Million from Nexus, Battery Ventures

Artificial intelligence-backed customer and field service platform Neuron7 has raised Series A funding round of USD 10 Million co-led by Nexus Venture Partners and Battery Ventures. The startup plans to use the fresh funding to grow its product and customer teams in the US, and India and expand its customer […]
24/06/2022

Fintech firm WeRize racks up USD 15 Million from BII, others; valn pegged at USD 115 Million

Financial services platform WeRize has secured a pre-Series B funding of USD 15.5 Million from 3one4 Capital, Kalaari Capital, Picus Capital and Orios Venture Partners. The round also saw participation from new investors including British International Investment and Sony Innovation Fund .
24/06/2022

Fundamental VC launches USD 130 Million debut fund for early-stage startups

Bengaluru-based Fundamental VC has launched its maiden fund with a target corpus of USD 130 Million to invest in early-stage startups. The sector-agnostic fund will actively evaluate ventures across spaces such as consumer internet, healthcare, insurance, financial services, SaaS (software-as-a-service), gaming, and AI, among others
24/06/2022

Chaayos raises USD 53 Million in Series C led by Alpha Wave Ventures

Beverage chain Chaayos has raised USD 53 Million in a Series C funding round led by Alpha Wave Ventures and valued at USD 225-250 Million. Chaayos will use the fresh capital for store expansion
24/06/2022

EV charging infra startup Statiq fetches USD 25.7 Million in Series A

Electric vehicle charging network startup Statiq has raised USD 25.7 Million in a funding round led by Shell Ventures. The firm aims to use the Series A funding to primarily invest in product engineering and network infrastructure
23/06/2022

Aditya Birla’s VC arm, existing backers bet on silver jewellery firm GIVA

Silver jewellery-focused startup GIVA has raised an undisclosed amount in a Series B round of funding co-led by Aditya Birla Ventures, the venture capital arm of diversified Aditya Birla Group and growth stage investor A91 Partners.
23/06/2022

Nithin Kamath-owned Rainmatter, others back fintech startup Castler

New Delhi-based fintech platform Castler has secured seed funding round of USD 1 Million led by Zerodha’s venture capital arm Rainmatter, with participation from Venture Catalysts, 9Unicorns, Faad Network and LetsVenture.
23/06/2022

CloudFeather Games raises funding from Nazara, OYO officials, other VCs

Bengaluru-based CloudFeather Games has raised USD 1.25 Million in a seed funding led by Lumikai, with participation from Venture Highway, OYO’s global chief strategy officer, Maninder Gulati and Nazara Technologies’ chief, Manish Agarwal.
23/06/2022

Piper Serica eyes 30-40 early-stage investments with new INR 100 Cr angel fund

Mumbai-based portfolio management service, Piper Serica Advisors has launched a INR 100 Cr category-I angel fund to invest in early-stage tech companies. With an aim to minimize the risk of high mortality in its portfolio, The PMS provider aims to back 30-40 investments over the next 3 years with this […]
23/06/2022

Edtech firm Leap snags USD 75 Million from Owl Ventures, others

Leap, an overseas education-focused guidance and financing platform has secured USD 75 Million in a Series D funding round led by Silicon Valley-based Owl Ventures and also saw participation from new investors Steadview Capital and Paramark Ventures, along with existing investors Jungle Ventures and Sequoia Capital India
23/06/2022

Healthtech firm Spry raises funds in round led by Eight Roads Ventures

Healthcare software-as-a-service (SaaS) startup Spry has secured over USD 7 Million in a Series A funding round led by Eight Roads Ventures with participation from F-Prime Capital and existing investor, Together Fund.
23/06/2022

Fixcraft buys Vogo’s automotive spares brand

Cloud-based car servicing app Fixcraft on Wednesday said it has acquired Vogo’s automotive spares brand VMotive for an undisclosed amount. With this acquisition, Fixcraft aims to deepen its play in the Indian post-sales automotive market
23/06/2022

FalconX digital assets platform raises USD 150 Million from GIC, B Capital

FalconX, a digital assets trading platform, has raised USD 150 Million Series D funding round led by Singapore’s sovereign wealth fund GIC and B Capital, more than doubling its valuation in 10 months. This venture round now takes the unicorn’s valuation at USD 8 Billion versus the USD 3.75 Billion […]
23/06/2022

IFC-backed WayCool raises USD 40 Million from US investor 57 Stars Global

Private equity-backed B2B food and agritech platform WayCool Foods & Products Pvt Ltd have raised USD 40 Million from US-based alternative investment firm 57 Stars Global Innovation Fund.
22/06/2022

SaaS Startup LeadSquared Becomes India’s 103rd Unicorn, Raises USD153 Million

Bengaluru-based SaaS startup LeadSquared has become the latest entrant to India’s unicorn club, after raising USD 153 Million from WestBridge in a Series C funding round. The newly-minted unicorn will use the incoming funds to make growth investments in India and North America, expand in APAC and EMEA, add new […]
22/06/2022

Gaming Platform WinZO Acquires Majority Stake In Upskillz Games

Online gaming platform WinZO has acquired a majority stake in Gurugram-based startup Upskillz Games in an all-cash deal. With this acquisition, WinZO will add Upskillz’s blockchain and Web3 offerings to its platform. Besides, it will also add Upskillz’s 1.3 Mn captive audience base to its platform
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