Archive News


Spinny raises Series A funding from SAIF Partners, Accel

Pre-owned cars platform Spinny has raised about INR 92 crore in its Series A round of funding led by multi-stage investor SAIF Partners and venture capital firm Accel.

Tiger Global in talks to back Kunal Shah’s Cred

New York-based Tiger Global Management is in advanced discussions to back Cred, a fintech company started by serial entrepreneur Kunal Shah, which is raising upto USD 100 million at a USD 400 million valuation.

Former Infosys CEO Vishal Sikka’s AI firm, Vian Systems, raises USD 50 mn

Artificial intelligence startup Vian Systems, set up by former Infosys CEO Vishal Sikka after his acrimonious exit from Infosys, has raised USD 50 million in funding.

Vertex hits target corpus for new India, Southeast Asia VC fund

Vertex Venture Holdings Ltd, an early-stage venture capital firm backed by Singapore’s Temasek Holdings, has raised the targeted corpus of USD 230 million for its new fund focused on Southeast Asia and India.

Eyecare Chain Gets INR 206 crore from Mahindra Partners

Mahindra Partners, the investment arm of automobiles-to-information technology conglomerate Mahindra Group, has invested INR 206 crore in specialty eyecare chain Centre for Sight

Video game publisher Games2win launches fund targeted at gaming startups

Mobile video games publisher Games2win India Pvt Ltd has launched a fund targeted at startups and entrepreneurs in the gaming sector.

Grofers gets USD 200 million from SoftBank, others to continue fighting BigBasket

Grofers India Pvt Ltd has raised USD 200 million in a new funding round led by SoftBank Vision Fund.

Actor Deepika Padukone bets on yogurt brand Epigamia

Bollywood actress Deepika Padukone has made an undisclosed investment in Drums Food International Pvt Ltd, which sells yogurt under the brand Epigamia.

Blume leads investment in deep-tech startup Ethereal Machines

Ethereal Machines Pvt Ltd, a deep-tech startup focused on the manufacturing industry, has raised USD 1 million in its pre-Series A round of funding.

GREE Ventures hits third fund’s milestone, rebrands as Strive

Japanese venture capital firm GREE Ventures has marked the first close of its third fund that seeks to raise USD 130 million to invest in startups in India.

British Brewing Company raises USD 14 million from NeoMile Capital, others

British Brewing Company has received an initial commitment of INR 100 crore from investors including NeoMile Capital.

Healthcare portal Docttocare raises seed funding from M-Power Solutions’ founder

Bengaluru-based online health portal Docttocare has raised INR 4 crore in a seed funding from Krishnakumar Devnally.

Falcon Edge may invest USD 30 million in Stanza Living

New York-based investment firm Falcon Edge Capital could invest up to USD 30 million in Delhi-based student accommodation venture Stanza Living.

A91 Partners’ closes maiden fund worth USD 350 million

A91 Partners, which was founded last year by three former Sequoia Capital managing directors, have closed a USD 350 million fund.

Falcon Edge and Tiger Global bet USD 22 million in Locus

Supply chain optimisation startup Locus has raised USD 22 million in fresh funding led by Falcon Edge Capital and Tiger Global Management.

Cars24 set to pick up USD 80 million from backers

Cars24 is in the final stages of closing a fresh equity-financing round, estimated at USD 70-80 million, as the online used car marketplace looks to expand its presence across the country.

TVS Motor invests USD 3,85 million in machine learning company Tagbox

TVS Motor Co Ltd has invested nearly INR 27 crore in machine learning company Tagbox Solutions as part of a Series A funding round.

Sequoia-backed HealthKart gets fresh funding from new investor Sofina

Bright Lifecare Pvt Ltd, which runs omnichannel health products store HealthKart, has raised  USD 25 million fresh capital from new investor Belgium-based investment company Sofina.

Edtech startup Classplus gets USD 1,6 million in pre-series A

Edtech startup Classplus has raised USD 1,6 million in its pre-series A funding round led by Times Internet and GREE Ventures.

Trustroot puts INR 139 crore in Udaan

Hiveloop Technology, which owns and operates B2B online marketplace Udaan, has received fresh funding from its Singapore-based parent Trustroot Internet.

Incubator HealthStart backs healthcare analytics startup CapBuild Clinical Skills

CapBuild Clinical Skills Private Limited, a healthcare analytics startup, has raised an undisclosed sum of money from incubator HealthStart.

Indian online pharmacy Netmeds in talks to raise up to USD 100 million

Online pharmacy Netmeds has started a fundraising process to raise up to USD 100 million, as the industry consolidates amid regulatory troubles. 

CBA Capital leads pre-Series A funding round in online recruitment firm Skillenza

Skillenza, a software-as-a-service-based online hiring firm, has raised USD 1 million in a pre-Series A funding round led by CBA Capital’s Education Catalyst Fund.

Chumbak raises INR 70 cr from Gaja Capital and others

Lifestyle company Chumbak Design has raised INR 70 crore in series D fund-raising from investors led by home-grown private equity fund Gaja Capital