Archive News


Sixth Sense Ventures founder leads seed funding in ed-tech startup ENpower

ENpower, which provides entrepreneurship learning programmes for school children, has raised USD 377,500 in a seed round of funding led by Nikhil Vora, founder and CEO of Sixth Sense Ventures, a consumer-centric venture fund

USD 24 million funding takes Amica pre launch valuation to USD 70 million

Amica Financial Technologies, an upcoming digital retail bank founded by Citrus Pay cofounder Jitendra Gupta, has received $24 million in its maiden funding round and the funding is backed by a list of institutional investors including Greyhound Capital, 3One4 Capital, Germany’s Rocket Internet, venture capital funds Matrix Partners and Sequoia […]

Hyperlocal News Startup Lokal Bags USD 3 Million Funding From 3one4 Capital, Y Combinator, Others

Bengaluru-based fledgeling hyperlocal news platform Lokal has raised USD 3 Million funding from a group of investors including 3one4 Capital, Y Combinator, RB Investments, SOMA Capital, besides its existing investor India Quotient

Skincare Startup BeYouPlus Raises around USD 3 Million From IvyCap Ventures, Others

Health and wellness startup BeYouPlus (earlier MyDermacy) has raised around USD 3 Million funding from a group of investors led by IvyCap Ventures. Additionally, Madison Capital and Singapore Angel Network also participated in this funding.

Droom Acquires NBFC Xeraphin To Boost Credit, Auto Loans Vertical

Droom has acquired Xeraphin Finvest in an all-cash deal to strengthen its credit and auto loans business and Delhi-based NBFC was reportedly acquired for an estimated around USD 3 Million by the automobile marketplace

Neonatal solutions provider Child Health Imprints raises pre-Series A funding

Child Health Imprints a Singapore-based company engaged in neonatal-clinical care, has raised INR 17 crore in a pre-Series A funding round and the round was led by HealthXCapital, a healthcare-focussed investor

Singapore-based e-commerce platform Qoo10 acquires ShopClues in all-stock deal

Online marketplace ShopClues is being acquired by Singapore-based e-commerce platform Qoo10 in an all-stock deal bringing to an end a prolonged hunt by the Indian e-tailer for a buyer and the transaction is learnt to have valued ShopClues at USD 70-100 millionst

Keppel Land writes big cheque to coworking firm Smartworks

Singapore-based Keppel Land Ltd, the property arm of business group Keppel Corporation, has invested USD 25 million in co-work space provider Smartworks Coworking Space

Social experience discovery platform Woovly raises pre-Series A funding

Woovly, an experience discovery platform that enables its users to search and explore ideas, has raised around INR 18 crore in a pre-Series A funding round

Naukri parent Info Edge picks up stake in test prep platform Adda247

Info Edge (India) Ltd, which owns and operates portals such as job site, has invested around INR 7 crore in Adda247, a test preparation platform for government and public-sector exams

Bengaluru-Based Enterprise Tech Startup Whatfix Acquires AI Platform Airim

Bengaluru-and San Jose-based enterprise tech startup, Whatfix, announced that it has acquired Airim, a tech company that provides AI-powered personalisation engine for users and customers

Logistics-tech startup ElasticRun hauls in USD 40 million from Prosus Ventures, others

Logistics and distribution firm ElasticRun has raised USD 40 million in a funding round led by Prosus Ventures, formerly known as Naspers Ventures and existing investors Avataar Ventures and Kalaari Capital also participated in the round

Impact investor Omnivore bets on agri-tech startup Fasal

Agricultural technology firm Fasal has raised INR 11 crore in its seed round of funding led by impact investor Omnivore and early-stage venture capital firm Wavemaker Partners

Wealth management app Fisdom pockets USD 11 million cheque from PayU, others

Bengaluru-based Finwizard Technology, which runs wealth management app Fisdom, has raised USD 11 million by selling a minority stake to a bunch of investors.

Enterprise AI Assistant Fireflies Raises USD 5 Million To Make Phone-Based Office Meetings More Effective

Hyderabad and San Francisco-based startup has raised USD 5 Million in its first funding round led by Canaan Partners

Shuttl Raises USD 42 Million From Toyota Group, SMBC Trust Bank

Bengaluru-based bus aggregator startup Shuttl has reportedly raised USD 42 Million in a Series C funding round from Toyota Group’s trading arm Tsusho Corporation and SMBC Trust Bank Ltd acting as trustee of Mirai Creation Fund II, among others. With this funding, the company will be valued at USD 213 […]

Times Internet-owned OTT Platform MX Player To Raise USD 110 Million From Tencent, Others

China-based technology conglomerate, Tencent, is reportedly in talks to lead a USD 110 Million investment round in video-streaming platform MX Player. The over the top (OTT) platform in 2018 was acquired by Times Internet, which also participated in this funding round

Online hotel booking startup MiStay raises funding from ah! Ventures, others

MiStay Hospitality, which runs online hotel reservations startup, has raised an undisclosed amount from a clutch of investors including the Mumbai-based ah! Ventures

Binny Bansal leads Series C funding round in restaurant analytics startup Mobikon

Restaurant marketing and analytics platform Mobikon has raised INR 88 crore in its Series C round led by Flipkart co-founder Binny Bansal

Stellaris, Fosun and others fund Lithius Energy

Lithius Energy, which owns and operates shared mobility platform Loca, has raised an undisclosed amount in its maiden funding round, led by Stellaris Venture Partners, Fosun RZ Capital, and some well-known startup entrepreneurs

HRTech Startup That Uses Video Games For Job Screenings Gets Funding

HRtech startup Talent Litmus, has announced an undisclosed funding round from Inflection Point Ventures (IPV) and Haptik cofounder Aakrit Vaish Let’s Venture

Shiksha Financial gets debt funding from Northern Arc, Dutch investor Triodos

Shiksha Financial Services India, a Chennai-based non-banking financial company that focuses on educational loans, has raised INR 30 crore by issuing non-convertible debentures

Japan’s Credit Saison floats VC fund to invest in India, Southeast Asia

Saison Capital the VC arm, aims to deploy up to USD 55 million through equity investments in early-stage startups

Fintech Startup Wealthy Bags USD 1 Million From Good Capital, Emphasis Ventures

Wealth management startup Wealthy has raised USD 1 Million fund in a round led by early-stage venture capital firm Good Capital