Archive News

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
22/06/2022

D2C Beauty Brand NutriGlow Raises Funding From GOAT Brand Labs To Expand Categories

Skincare and cosmetics brand NutriGlow has raised Series A funding from Thrasio-style venture GOAT Brand Labs. The startup aims to use the funds for the development of its infrastructure, research and development of new product ranges and expanding its existing human resource capacity
22/06/2022

Nexus Venture leads Series A round in online transport marketplace Vahak

Online transport marketplace platform Vahak has raised USD 14 Million in Series A funding led by Nexus Venture Partners. The round saw participation from Foundamental, iSeed Ventures, Leo Capital, RTP Global and Titan Capital.
22/06/2022

Kiran Mazumdar-Shaw co-founded biotech startup raises Series A funding

Immuneel Therapeutics, co-founded by Biocon founder Kiran Mazumdar-Shaw has raised around USD 15 Million in a Series A funding round co-led by Eight Roads Ventures, True North and F-Prime Capital along with participation from existing investors.
22/06/2022

Neobanking startup StashFin raises USD 270 Million; valuation tops USD 700 Million

Neobanking startup StashFin has raised USD 270 Million in a mixture of debt and equity in a round led by Uncorrelated Ventures, Fasanara Capital and Abstract Ventures. Existing backers Altara Ventures, Kravis Investment Partners, and Snow Leopard also took part in this round.
21/06/2022

A91 Partners leads USD 15 Million round in fintech startup FinBox

B2B credit infra-focused fintech startup, FinBox has raised USD 15 Million in a round led by A91 Partners. The round saw participation from Aditya Birla Ventures and Flipkart along with existing investors Arali Ventures.
21/06/2022

Powerhouse Ventures, GSF Fund, others back proptech startup Settlin

Bengaluru-based proptech platform Settlin has secured pre-Series A funding of USD 1 Million led by Powerhouse Ventures, with participation from GSF Fund, Murugavel Janakiraman and Dinesh Agrawal among others.The startup plans to use the fresh capital to expand Bengaluru footprint and boost its consumer tech vertical.
20/06/2022

Maruti Suzuki Acquires 12.5% Stake In AI Startup Sociograph To Improve Digital Sales Experience

Automobile giant Maruti Suzuki has acquired a 12.5% stake in Bengaluru-based AI startup Sociograph Solutions Pvt Ltd for around INR 2 Cr. Maruti Suzuki plans to use Sociograph’s visual artificial intelligence (AI) platform, named Dave.AI, to improve the digital sales experience for its customers
20/06/2022

Canbank VC fund, others back automotive aftermarket startup Koovers

Koovers, a B2B automotive aftermarket quick commerce startup has raised USD 1 Million in pre-Series A funding round from Canbank, Rajiv M Sanghvi of PPS Group, and Naveen Philip of Kuttukaran Homes. Existing investors Inflection Point Ventures and JPIN participate in this funding
20/06/2022

Sequoia, Cred’s Kunal Shah, others invest USD 12 Million in fintech firm PayGlocal

Bengaluru-based cross-border payments startup PayGlocal has raised Series B funding of USD 12 Million co-led by Tiger Global and Sequoia Capital India and also saw participation from existing investors including BeeNext; Amrish Rau, Jitendra Gupta, Sweta Rau, and Kunal Shah
17/06/2022

Insurtech Startup Pazcare Raises Funding To Offer Bespoke Health Insurance Plans

Bengaluru-based insurtech startup Pazcare has raised USD 8.2 Million through equity financing in its Series A funding round at a post-money valuation of USD 48 Million. The round was led by Jafco Asia. Existing investors 3One4 Capital and BEENEXT also took part in the funding round.
17/06/2022

Fantasy ESports Startup FanClash Raises USD 40 Million From Alpha Wave, Sequoia

Gurugram-based fantasy esports startup FanClash has raised USD 40 Million in a Series B round led by Alpha Wave Global. Marquee investors Sequoia Capital India, Info Edge and Polygon also participated in the funding round.
17/06/2022

Inflection Point Ventures, LetsVenture, others back digital wallet Rooba Finance

Digital asset management startup Rooba Finance has secured seed funding of USD 1.3 Million led by Inflection Point Ventures, with participation from LetsVenture, Endurance Capital, KubeVC, and other angel investors
17/06/2022

Tiger Global-backed GOAT Brand raises USD 50 Million, eyes multiple acquisitions

Direct-to-consumer (D2C) brand aggregator GOAT Brand Labs has raised USD 50 Million in fresh capital from new and existing investors. The D2C aggregator is also in advanced discussions to buy 12 brands in the coming days
17/06/2022

Google, Temasek invest in ShareChat parent at USD 4.9 Billion valuation

Mohalla Tech which runs multilingual social media platform ShareChat and short video platform Moj has raised USD 78 Million as part of its Series H funding round at a valuation of about USD 4.9 Billion from Google’s parent Alphabet and Temasek Holdings.
17/06/2022

Coromandel’s VC arm, others invest in agritech firm Ecozen

Pune-based agritech startup Ecozen has secured INR 54 Cr as a part of its first tranche of Series C funding led by Dare Ventures and also saw participation from existing investors Caspian and Hivos-Triodos Fonds, with Northern Arc, UC Inclusive Credit, Maanaveeya and Samunnati joining via debt funding.
16/06/2022

Ronnie Screwvala’s upGrad Raises USD 225 Million, Valuation Soars To USD 2.25 Billion

Ronnie Screwvala’s upGrad raised USD 225 Million in a fresh round of funding from James Murdoch’s Lupa Systems LLC and Educational Testing Service (ETS). Existing investors Temasek Holdings, along with the Lakshmi Mittal (of ArcelorMittal SA) and Sunil Bharti Mittal participated in the round.
16/06/2022

US-Based Clari Acquires Indian SaaS Platform Wingman

US-based revenue operations platform Clari has acquired Bengaluru-based Software-as-a-Service (Saas) platform Wingman for an undisclosed amount. As part of the deal, the startup has been rebranded to ‘Wingman by Clari’.
16/06/2022

Fintech startup Mewt snags seed funding from Quona Capital, Beenext, others

Mewt, a banking app for micro, small and medium enterprises (MSMEs) has raised USD 4.6 Million in a seed funding round led by global fintech investor Quona Capital and also saw participation from Beenext, DG Daiwa Ventures, Goodwater Capital, Allin Capital and a clutch of fintech angel investors
16/06/2022

Web3 firm DAOLens snags USD 5 Million in pre-seed round

Bengaluru-based Web3 startup DAOLens has secured pre-seed funding of USD 5 Million co-led by Nexus Venture Partners, Better Ventures and iSeed II. The round also saw participation from investors including Gokul Rajaram, Sandeep Nailwal, Raj Gokal, Simon Doherty, Arjun Sethi among others.
16/06/2022

Elevation, Bessemer Venture, others invest USD 8.5 Million in no-code platform Plobal Apps

No-code app platform for e-commerce stores Plobal Apps has raised USD 8.5 Million led by Elevation Capital and Bessemer Venture Partners with participation by Better Capital. The company will use the fresh capital to expand its presence in US, strengthen its technology infrastructure, and launch new products.
16/06/2022

Accel, 72 Ventures co-lead pre-Series A round in Innovist

Gurugram-based Innovist which runs brands like Bare Anatomy, Chemist at Play and SunScoop has secured pre-Series A funding of USD 3.5 Million led by Accel Partners and 72 Ventures. The fundraise also saw participation from investors including Sauce, Arihant Patni, Jani Ventures Inc, Kunal Shah among others
16/06/2022

YourNest, others back consumer intelligence firm VTION

Consumer behaviour intelligence platform VTION has racked up USD 1.3 Million in a pre-Series A round led by YourNest Venture Capital and two other investors. The startup plans to use the fresh funds to boost its India growth by scaling up its advertising activation strategy, panel enhancement and targeting sector-specific […]
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