Archive News

08/09/2022

Accel Leads Series A Round In Construction Management Platform Powerplay

Construction management platform Powerplay has raised USD 7.14 Million in its series-A round led by Accel. The round, which saw participation by Sequoia Surge, India Quotient, and Snapdeal founders Kunal Bahl and Rohit Bansal.
08/09/2022

Baring PE And Inflection Point Back New Platform Focused On Deeptech

Baring Private Equity Fund India and Inflection Point Ventures (IPV) are backing a new fundraising and support platform launched by Dr Sunil Shekhawat, former head of product initiatives and deep-tech club at Nasscom. The Sanchiconnect platform, originally an idea of Baring PE’s managing partner Rahul Bhasin and Shekhawat, will help […]
08/09/2022

Fintech Firm Ayekart Snags Fresh Funding From Caspian, Siply

Mumbai-based integrated supply chain and finance platform Ayekart Fintech has secured USD 5 Million from Caspian Debt and Siply in a mix of debt and equity funding round. The startup plans to deploy the fresh proceeds to serve the needs of traditional businesses across food and agri sector.
08/09/2022

Tiger Global-Backed Wow! Momo Kickstarts Series D Fundraise

Quick-service restaurant (QSR) chain Wow! Momo has raised over INR 125 Cr from mid-market private equity firm OAKS Asset Management as part of the first tranche of its Series D round of funding. The current deal has been struck at a post money valuation of INR 2,125 Cr
08/09/2022

Akshayakalpa Snags USD 15 Million From British International Investment, Others

Bengaluru-based organic dairy products manufacturer Akshayakalpa Organic has secured USD 15 Million as a part of its Series B funding round led by UK’s development finance institution (DFI) British International Investment, with participation from Rainmatter and Venture Dairy
08/09/2022

Construction Supply Firm ZippMat Raises USD 10 Million

Bengaluru-based construction supply platform ZippMat has raised USD 10 Million led by Matrix Partners India in a mix of debt and equity funding round. The fundraise also saw participation from existing investor Zephyr Peacock, HDFC Bank and TradeCred.
08/09/2022

SaaS Platform Lucidity Raises Fresh Seed Funding

Cloud storage orchestration platform Lucidity has raised USD 5.3 Million in a seed funding round led by AlphaWave Investments. The current round also saw participation from Beenext, Blume Ventures, BoldCapital, NuVentures and Sparrow Capital.
07/09/2022

100X.VC-backed pet care brand Papa Pawsome has raised INR 2 Cr

100X.VC-backed pet care brand Papa Pawsome has raised INR 2 Cr in its latest seed round which saw participation by DBR Ventures, ITI Growth Opportunities Fund, StrongHer Ventures (Global women entrepreneurship fund), 93 East Capital (New York Based fund), OpenbookVC, and other angel investors.
07/09/2022

DSG Consumer Partners, Others Invest In Hospitality Firm StayVista

Hospitality startup Stay Vista has raised Series B funding of INR 40 Cr led by Singapore-based venture capital firm DSG Consumer Partners, with participation from Capri Global and CA Holdings. The Mumbai-based firm plans to deploy the fresh proceeds to expand its footprint across India and strengthen its operations.
07/09/2022

Fintech Startup GroMo Raises USD 11 Million In Series A Round

GroMo has raised USD 11 Million in its Series A funding round led by SIG Venture Capital. The round also saw the participation Y-Combinator, Das Capital, Goodwater Capital, Beyond Next Ventures, Soma Capital, Ace & Company, and Hauz Khas Ventures.
07/09/2022

Food Processing Startup Suite42 Raises Seed Funding

Business-to-business food processing startup Suite42 has raised seed funding of USD 4.3 Million co-led by Omnivore and Orios Venture Partners. The round also saw participation from other investors including Titan Capital, All In Capital and PointOne Capital, with angel investors like Sujeet Kumar (Co-founder at Udaan) and others.
07/09/2022

Helix Investments Acquires Stake In Indus Insights

India-focused private equity (PE) firm Helix Investments has acquired Ronnie Screwvala-led Unilazer Ventures’ stake in data science and advanced analytics consultant Indus Insights. The PE firm has acquired a substantial minority stake in the company
07/09/2022

Oyo’s Maninder Gulati, Better Capital, Others Back SaaS Firm UserStudy

Software-as-a-service startup UserStudy has secured pre-seed funding of USD 1 Million led by Better Capital. The round also saw participation from Sparrow VC, Maninder Gulati (global chief strategy officer at Oyo) and Good Capital, with angel investors including Gojek, Microsoft, Meta, Oyo, FlexiLoans and UpGrad.
07/09/2022

Retail Startup Daalchini Bags USD 4 Million In Series A

Retail startup Daalchini, on Wednesday announced that it has raised USD 4 Million in a Series A round led by Unicorn India Ventures, along with the participation of new and existing investors. Artha Venture Fund, former chief executive officer of Dominos India Ajay Kaul, and VSS Investco, the investment vertical […]
06/09/2022

WEH Ventures Others Back Zevi In Pre-Seed Round

Zevi.AI, a site search engine-built using NLP-AI (Natural language processing in artificial intelligence), has raised pre-seed funding of USD 850,000 led by WEH Ventures, Titan Capital, Veda VC, Entrepreneur First, and Kube VC. With this seed amount, Company plans to invest and flush out product and establish a growth engine […]
06/09/2022

Traveltech Startup Travel Buddy Bags Funds From Mumbai Angels

Traveltech startup Travel Buddy has bagged an undisclosed amount in a funding round from early-stage investment platform Mumbai Angels. Travel Buddy plans to spend the raised funds on product development and technology improvements.
06/09/2022

Ankur Capital, Omidyar Network, Others Back Construction Startup Project Hero

Construction tech startup Project Hero has raised USD 3.2 Million in seed funding led by Ankur Capital and Omidyar Network India. The round also saw participation from Titan Capital and other undisclosed angel investors.
06/09/2022

Tata Digital-Owned 1mg Raises USD 40 Million In Fresh Round At Unicorn Valuation

Online pharmacy 1mg, has raised USD 40 Million in a funding round led by its majority shareholder Tata Digital Limited at a unicorn valuation. KWE Beteiligungen AG, HBM Healthcare Investments, MPOF Mauritius, MAF Mauritius, Rubal Jain and Vardaan also invested in the Tata Group company.
06/09/2022

Unacademy Acquires Gate Academy To Expand Into Engineering Test Prep Category

Edtech unicorn Unacademy has acquired test prep startup Gate Academy for an undisclosed amount. Following the acquisition, the entire team of Gate Academy will join the edtech giant. With this acquisition, Unacademy has expanded its presence into the graduate aptitude test in engineering (GATE) test prep category.
06/09/2022

FinAGG Bags Funding To Offer Credit To MSMEs, Retailers & Suppliers

Fintech startup FinAGG has raised USD 3 Million in its Pre-Series A funding round led by BLinC Invest. Existing investor–Prime Venture Partners has also participated in the funding round. FinAGG will use the fresh capital to launch new products, expand existing products in new cities, grow lending partnerships, and invest […]
06/09/2022

Telecom Infra Firm iBus Group Raises INR 125 Cr From Nomura

Bengaluru-based telecom infrastructure and technology firm iBus Group has raised INR 125 Cr from Japan-based financial services group Nomura. The infra aggregator aims to use the funds to consolidate its digital infrastructure for Wi-Fi managed services and other value-added services.
06/09/2022

IMPunjab Introduces 16 Startups In Its Debut Cohort

Punjab’s CM Bhagwant Mann introduced the first cohort of IMPunjab’s (Innovation Mission Punjab) accelerator programme comprising 16 Punjab-based startups. The accelerator will also provide startups with INR 3 Lakhs as experimental capital to validate business models. The startups selected include organic ayurvedic brand solutions company AddVeda; rural logistics company Countryside […]
06/09/2022

Micro VC Fund Upsparks To Sharpen Focus On Climate Bets

Micro venture capital fund Upsparks will back up to 10-15 startups in the climate tech and sustainability spaces over the next 1 year, as it looks to sharpen its focus in the area. Fund is exploring opportunities in plant-based meat, mobility, eco-friendly products, lead recycling, and electric vehicle battery swapping.
06/09/2022

Nazara Founders, Others Back Healthtech Startup Healthledger In Seed Round

Preventive healthcare diagnostics startup Healthledger Diagnostics has raised an undisclosed sum in a seed funding round led by A-League. The round saw participation from Quadra Advisors, and include VCs Nitish Mittersain and Vikash Mittersain of Nazara Technologies Ltd., Narendra Firodia of Sohamm Group, integrative medicine and lifestyle coach Luke Coutinho, […]
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