Archive News

14/04/2021

Pine Labs buys Fave to expand in SEA markets

Digital payments and merchant commerce platform Pine Labs has acquired Kuala Lumpur headquartered fintech startup Fave, in an all-cash deal valued at USD 45 million, as it strengthens presence in both in the South East Asian market. Fave smart payment app, a QR-code based payment interface, which includes cashback and […]
14/04/2021

D2C Footwear brand Solethreads raises INR 13 Crore

Open footwear startup Solethreads, has raised Rs 13 crore in series A round funding from DSG Consumer Partners and Saama Capital.
14/04/2021

Byju’s touches USD 15 billion valuation with second tranche of Series F fundraise

Edtech firm Byju’s has raised over USD 455 million in the second tranche of its Series F fundraise, the move reportedly bumping up its valuation to $15 billion. Participants include Baron Funds, B Capital Group, investment hedge fund XN Exponent Holding, Arison Holdings, Tarsadia Capital and Macquarie Group.
13/04/2021

Nykaa acquires online jewellery brand Pipa Bella

Mumbai-based Nykaa E-Retail, which operates retail platforms for beauty and fashion products, has acquired Pipa Bella Accessories-run online jewellery brand Pipa Bella for an undisclosed amount.
13/04/2021

Samunnati acquires agri supply chain platform Kamatan

Samunnati Financial Intermediation & Services, which provides financial solutions for agricultural sector, has acquired farmer-centric agri supply chain platform Kamatan Farm for an undisclosed amount. The acquisition is expected help Samunnati’s market linkage outreach initiatives.
13/04/2021

LimeChat gets USD 750K seed funding from Pi Ventures, Stellaris

LimeChat, an AI-based chatbot startup, has raised USD 750,000 in a seed funding round led by Pi Ventures and Stellaris Venture Partners. Angel investors including Flipkart CEO Kalyan Krishnamurthy, Sujeet Kumar, Ramakant Sharma, Dilip Khandelwal and others participated in this round.
13/04/2021

Edtech startup LearnVern raises USD 1 Million from undisclosed investors

LearnVern, an online learning platform that offers job-oriented courses in vernacular languages, has raised funding of over $1 million from undisclosed international investors.
12/04/2021

Milk startup Puresh Daily raises INR 1.2 Crore in seed round

Ranchi-based Puresh Daily which provides dairy and fresh farm produce to end-customers, has raised INR 1.2 crore in its seed round from Dhianu Das of Alfa Ventures and Agility Venture Partners.
12/04/2021

Used car leasing startup PumPumPum raises INR 5.5 Crore in pre-Series A round led by Inflection Point Ventures

Gurugram-based startup PumPumPum, which offers used car leasing in the corporate and retail segment, has raised INR 5.5 crore in pre-Series A round led by Inflection Point Ventures. Agility Ventures also participated in the funding round.
12/04/2021

Fintech startup Safexpay raises USD 6 Million from T Choithrams BVI, Ardor

B2B fintech startup Safexpay, has raised USD 6 million in funding from T Choithrams BVI and Ardor Advisors at a valuation of USD 100 million. The funds will be used for product development, improving technology for more use cases, and also product launches in India and abroad.
12/04/2021

Avanti Finance raises funding from Oikocredit, Nomura, others

Bengaluru-based Avanti Finance, focused on financial inclusion, has raised USD 26 million in debt and equity from Dutch impact investor Oikocredit, Nomura, Bill & Melinda Gates Foundation, and others. Pratul Shroff and existing investor NRJN Trust, which is Nandan Nilekani’s investment company, also participated in the round.
12/04/2021

Early-stage venture firm Speciale Invest’s second fund tops target

Speciale Invest, an early-stage venture firm focused on deep tech, has raised INR 120 crore for its second fund topping the target of INR 100 crore. The fund expects to invest in 18-20 startups in sectors including SaaS, space-tech, robotics, photonics and alternative energy.
09/04/2021

Gupshup lands USD 100 million from Tiger Global, valuation hits USD 1.4 billion

Conversational messaging platform Gupshup, has raised USD 100 million from Tiger Global, pushing the company’s valuation to USD 1.4 billion. Gupshup will use this investment to scale its product and go-to-market initiatives globally.
09/04/2021

Women skilling and employment platform WiT-ACE raises USD 1 Million in seed round led by founders of CitiusTech

Women skilling and employment platform WiT-ACE, has raised USD 1 million as part of its first seed fund led by founders of CitiusTech. Other investors including CP Gurnani, CEO of Tech Mahindra, Sumita Ambasta, Vikram Chachra and others.
09/04/2021

Video communication workflows platform Superpro.ai raises USD 300K led by IvyCap Ventures

Superpro.ai, a video communication workflows platform, has raised USD 300,000 as part of its Seed round led by IvyCap Ventures Angel Fund. The funding round also saw the participation of Penthalon Ventures, ah! Ventures and Superpro.ai’s existing investor SOSV.
09/04/2021

Falcon Edge Capital leads funding round in SME lender OfBusiness

New York-based hedge fund Falcon Edge Capital has led an investment of USD 110 million in SME financing platform OfBusiness. Existing investors Matrix Partners India, Creation Investments, and Norwest Venture Partners also participated in the round.
09/04/2021

Spinny bags USD 65 Million in Series C round

Full-stack used car retailing platform Spinny, has raised USD 65 million in its Series C funding round from new and existing investors. The round was led by silicon valley based venture capital firm General Catalyst – early backers of Airbnb, Stripe, Snapchat, Vroom, Cazoo. Other new investors in the round […]
09/04/2021

ShareChat valuation jumps to USD 2.1 billion with USD 502 million fundraise

Indian content-sharing platform ShareChat, has raised fresh capital of USD 502 million in a funding round led by US investment firm Tiger Global with participation from Snap Inc, and existing investors including Twitter and Lightspeed Venture Partners. The deal puts the valuation of the homegrown social network at USD 2.1 […]
08/04/2021

SuperBottoms raises Series A capital from Saama and DSG

Reusable diapers manufacturer SuperBottoms has raised USD 2 million in a Series A funding round from Saama Capital and DSG Consumer Partners.
08/04/2021

Chiratae Ventures, Beenext lead funding in digital lender ShopSe

ShopSe which partners lenders and retailers to provide EMI options to customers at the point of purchase has raised INR Rs 40 crore in funding led by early-stage venture capital funds Chiratae Ventures and Beenext. The round also saw participation from Pentathlon Ventures, Opus, and existing angel investor Abhishant Pant […]
08/04/2021

Fantasy Akhada raises funding from Prime Securities

Fantasy Akhada that is a cricket and football-focused fantasy sports platform has raised INR 5 crore from Prime Securities, a boutique investment banking firm.
08/04/2021

Refex Capital leads round in Rage Coffee

Rage Coffee that manufactures, markets, and distributes packaged coffee products has raised growth capital as part of its pre-Series A round led by Refex Capital. The round also saw participation from investors including 9 Unicorns Venture Capital Fund, Emarson Computers, CC One Venture Labs, and Spotlight Capital.
08/04/2021

PharmEasy parent rises to unicorn status as TPG Growth and others invest

API Holdings Pvt Ltd, the parent of online firm PharmEasy has raised USD 350 million from Prosus Ventures, TPG Growth, and others as part of its Series E round. Existing investors Temasek, CDPQ, LGT Lightrock, Eight Roads, and Think Investments also participated in this round
08/04/2021

Trifecta Capital to launch late-stage equity venture fund

Trifecta Capital is planning to launch a late-stage equity venture fund with a target corpus of INR 1500 crore which will invest in new economy companies likely to pursue an IPO in the next one to three years with a ticket size of about USD 15-20 Million
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