Archive News

12/05/2022

Shopflo becomes first startup to get seed funding from Tiger Global

SaaS platform Shopflo has become the first startup to receive seed funding from Tiger Global at a pre-product stage. Shopflo has raised USD 2.6 Million in a round from Tiger Global and TQ Ventures. Better Capital and a pool of other angel investors also participated in the round.
12/05/2022

GoKwik snags USD 35 Million in Series B funding

E-commerce enablement platform GoKwik raised USD 35 Million in its Series B round of funding led by Think Investments and RTP Global and also saw participation from existing investors Sequoia Capital India and Matrix Partners India.
11/05/2022

CASHe Enters Wealthtech Space With Acquisition Of Gurugram-Based Sqrrl

AI-driven financial lending platform CASHe has forayed into the wealth management space with the acquisition of Gurugram-based wealthtech platform Sqrrl in an all-cash deal.
11/05/2022

D2C Startup Skillmatics Bags USD 16 Million To Expand To Japan, France, Other Countries

D2C startup Skillmatics which develops educational games and learning resources has raised USD 16 Million in a Series B funding round led by Brussels-based Sofina, with participation from existing investors Sequoia Capital India and Jalaj Dani Family Office.
11/05/2022

IPO-Bound Delhivery Raises INR 2,347 Cr From 64 Anchor Investors

Ahead of its much anticipated initial public offering (IPO), logistics unicorn Delhivery has raised INR 2,347 Cr from 64 anchor investors that includes Tiger Global, Bay Capital, Steadview, Fidelity etc
11/05/2022

BYJU’S-Led Great Learning Acquires Northwest Executive Education For USD 100 Million

Edtech startup BYJU’S group company Great Learning has acquired Singapore-based Northwest Executive Education for about USD 100 Million in a stock and cash deal. The acquisition will help Northwest Executive Education and Great Learning expand their offerings across markets such as India, the US, Europe and Latin America.
11/05/2022

Fintech Startup Multipl Bags USD 3 Million To Help People Invest & Plan Their Expenses Better

Fintech startup Multipl has secured USD 3 Million in a Pre-Series A funding round led by Blume Ventures, GrowX Ventures, IIFL, and Kotak Securities Limited. The fresh capital will be used to increase investment options on the platform and help users plan their expenses better,
11/05/2022

SaaS firm SirionLabs snags USD 85 Million in Series D led by Partners Group

Sirion labs, a SaaS firm focussed on contract lifecycle management has raised USD 85 Million in Series D funding round led by Partners Group. Existing investors Avatar Capital, Sequoia Capital, and Tiger Global participated in the round.
11/05/2022

Higher education-focused iNurture raises USD 15 Million, Ventureast exits

Edtech firm iNurture Education Solutions has raised USD 15 Million in a combination of debt and equity from Hong Kong-based ADM Capital. ADM Capital has also acquired venture capital firm Ventureast’s stake in iNurture, facilitating a complete secondary exit for Ventureast
11/05/2022

CoinDCX launches venture arm to back crypto startups; earmarks INR 100 Cr

Cryptocurrency exchange CoinDCX announced the launch of CoinDCX Ventures to back early-stage crypto and blockchain startups with an allocation of INR 100 Cr to be deployed over the next 12 months.
11/05/2022

Unicorn India Ventures makes investment in edtech firm ForeignAdmits

Bengaluru-based ed-tech startup ForeignAdmits has secured fresh funding of USD 423,000 from early-stage investor Unicorn India Ventures. ForeignAdmits plans to use the fresh capital to ramp up its tech vertical to offer students, partners, and ongoing business development efforts with a better experience.
11/05/2022

Josh Talks raises capital from Ankur Capital, prominent new-age investors

Regional content and upskilling platform Josh Talks has raised INR 27 Cr in a funding round led by Ankur Capital. The startup plans to utilize the fresh capital to scale itself and become a preferred social learning platform in India
11/05/2022

Home design platform Kolo raises capital from early-stage VCs

Home design community app Kolo has raised USD 4 Million from global venture capital firm RTP Global and existing British investor Better Capital. The company plans to deploy the fresh capital to boost growth and enhance consumer side product offerings It also plans to expand Kolo’s presence across India
10/05/2022

IPO-Bound OYO Acquires Croatia-Based Hospitality Service Provider Direct Booker

OYO Rooms has concluded the acquisition of Croatia-based Direct Booker which has more than 3200 homes and serviced 2 Million customers so far. The transaction valued Direct Booker at USD 5.5 Million. Following the acquisition, the Dubrovnik-based company will become a part of the OYO platform with a presence across […]
10/05/2022

Gemba Capital to announce closure of maiden fund, likely touch USD 13 Million mark

Micro venture fund Gemba Capital Monday announced the initial closing of its maiden USD 10 million fund for backing early-stage startups across SaaS (software-as-a-service), consumer tech, and fintech with the first cheque of USD 250,000 and a 35% reserve ratio for making the follow-on investments on the winners. The fund […]
10/05/2022

Former Matrix Partners exec raises USD 100 Million for new fund

Tenacity Ventures, a technology-focused fund has raised more than USD 100 million in commitments for India focussed deals
09/05/2022

Drone Startup Garuda Gets Global Funding, Bags Over 8,000 Drone Orders From Malaysia, Panama & UAE

Drone startup Garuda Aerospace has secured an undisclosed amount in a Pre-Series A funding round led by Ocgrow Ventures. A few super angels from the global investment banking circles also participated in the round.
09/05/2022

9Unicorns marks fifth close of its first fund at USD 100 Million

Venture fund 9Unicorns, set up by incubator and accelerator Venture Catalysts announced the fifth closure of its maiden USD 100 million fund. They have invested in 101 deals in 2021 and plan to double that this year
09/05/2022

Hike raises fresh capital for second time in 3 months

Hike, which pivoted from instant messaging to betting on social, gaming, and crypto earlier last year has raised fresh capital led by the crypto division of Jump Trading Group, Jump Crypto. The fresh capital will be used for hiring and boosting RGU’s product strategy
09/05/2022

Chiratae-backed Redcliffe Lifetech raises USD 61 Million in Series B round

Diagnostics platform Redcliffe Lifetech has raised USD 61 Million in its series B funding round led by LeapFrog Investments. Other investors who took part in this funding round include Healthquad, Schroders, LC Nueva, Growth Spark Ventures, and existing investors Chiratae Ventures and Alkemi Venture Partners.
06/05/2022

Jindal Mobilitric Makes Its EV Foray, Acquires EV Startup Earth Energy

Marking its foray in the electric vehicle (EV) sector, Jindal Worldwide, via its subsidiary Jindal Mobilitric, has acquired Mumbai-based EV startup Earth Energy EV. As part of the acquisition Jindal Mobilitric will take over Earth Energy’s commuter scooter brands – Glyde SX, Glyde SX+, and commuter and cruiser motorcycle brands […]
06/05/2022

9Unicorns, Venture Catalysts, others invest USD 5 Million in Evenflow

Evenflow Brands Tech, a thrasio-style marketplace aggregator has raised pre-Series A funding of USD 5 Million from 9Unicorns, Venture Catalysts, Village Global, LetsVenture and Shiprocket and also saw participation from angel investors including Emil Michael, Vijay Shekhar Sharma, Kunal Shah, Abhishek Nag among others
06/05/2022

Startup investment bank JPIN launches two strategic funds, USD 20 Million for India fund

Global startup investment bank, JPIN has launched 2 strategic funds in India and UK to boost investments into the startup ecosystem across emerging markets. The India fund is an industry-agnostic one that will primarily focus on small and medium enterprises in the country.
06/05/2022

Agritech company Absolute raises USD 100 Million from Sequoia, Alpha Wave Global, Tiger Global

Plant bioscience company Absolute has raised USD 100 Million across recent funding rounds from Sequoia Capital India, Alpha Wave Global, and Tiger Global. The capital will be used to strengthen the firm’s technology, hire and scale in newer markets and segments
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