Archive News

16/11/2021

StartPack rebrands as doola, raises USD 3 million from Nexus, others

StartPack, a New York-based firm that helps entrepreneurs set up shop in the US, has rebranded as doola and raised USD 3 million in a seed funding round led by Nexus Venture Partners. Other investors including YCombinator, Hustle Fund, Psion Capital, and Translink Investment.
16/11/2021

Bert Labs raises capital from Quick Heal founders, others

Bert Labs, an artificial intelligence company which uses Internet of Things to enable companies in improving energy efficiency, has raised USD 1 million from Katkar Family Office, Kailash Katkar and Sanjay Katkar, founders of Quick Heal Technologies.
16/11/2021

JITO Angel Network invests in microsensor-based startup Nanosniff Technologies

NanoSniff Technologies Pvt. Ltd, an IIT Bombay-incubated startup, has raised an undisclosed sum in the investment round led by JITO Angel Network. Nanosniff, developed by NanoSniff Technologies, can detect a variety of explosives like TNT, ammonium nitrate, and RDX in less than 10 seconds.
16/11/2021

Supply chain financing platform Credlix acquires fintech start-up NuPhi

Credlix, the digital supply chain financing platform from Moglix, has acquired trade financing focused fintech startup NuPhi for an undisclosed amount. NuPhi Technologies offers invoice factoring solutions to micro, small and medium enterprises (MSME) exporters in India and Southeast Asia.
15/11/2021

Edtech startup Valuationary raises USD 100K in Pre-Seed round

Edtech startup Valuationary has raised a pre-seed round of USD 100,000 from HNIs, such as Ashish Jain, Ex-India Head of Enfusion, Ajay Surana Ex-Director of Moody’s Analytics, Rachit Poddar, Rajesh Gupta, and Hetal Desai. The round also saw further participation from existing investor Marwari Catalysts Ventures.
15/11/2021

Edtech startup Coding Invaders by MentorsPro raises USD 700K in pre-seed round

Coding Invaders by MentorsPro, an education platform with mentorship that is working to make job-ready education available and approachable for students, has raised USD 700 000 in its pre-seed funding round from investors like S16VC and A Partners.
15/11/2021

Venture Capital Firm A91 Partners Closes Second Fund At USD 550 Million

Former Sequoia executives’ venture fund A91 Partners has closed its second fund at USD 550 Million. The venture capital firm plans to invest in 15 to 17 established Indian companies or those with a presence in the country in sectors like consumer goods and services, financial services, healthcare, and technology.
12/11/2021

Silicon Valley-based Cradlewise gets USD 7 million funding for India push

Silicon Valley and Bengaluru-based Cradlewise has raised USD 7 million in a seed funding round from venture capital firms Footwork, CRV, SOSV and Better Capital. Cradlewise manufactures smart cribs for babies that combine the features of a crib, a bassinet and a smart monitor.
12/11/2021

EV charging platform ElectricPe raises USD 3 million in seed round from Blume Ventures, others

Electric vehicle charging platform ElectricPe, which enables users to discover charging points, has raised USD 3 million in a seed round led by Blume Ventures and Micelio Fund. The company will utilize the capital to further develop its deep-tech platform to enable easy access to affordable charging points via the […]
12/11/2021

NFT startup Lysto raises USD 3 million from BEENEXT, others

NFT startup Lysto, has raised USD 3 million seed capital from BEENEXT, Better Capital, Cloud Capital and other investors, to democratise the global adoption of NFTs. Lysto is building an API, tools and infrastructure to enable the creation and distribution of NFTs across platforms with ease.
12/11/2021

SaaS platform Toch.ai floats INR 100 cr fund to back video and audio tech startups

Toch, an AI-driven SaaS platform for digital content players, has launched INR 100 crore startup fund to invest in video and audio tech startups globally over a period of time. The fund aims to empower early-stage startups to drive innovation and bolster growth in the industry.
12/11/2021

Trade financing firm Vayana Network raises INR 283 crore from Chiratae Ventures, CDC Group, others

Pune-based digital trade financing network Vayana Network Services Pvt Ltd, has raised INR 283 crore in a Series C funding round led by venture capital firm Chiratae Ventures and the UK development finance institution and impact investor CDC Group. The funding round also witnessed participation from Jungle Ventures, March Capital, […]
12/11/2021

Buyofuel raises over INR 1.6 crore in seed round led by Inflection Point Ventures

Buyofuel, the country’s online market for biofuels, has raised over INR 1.6 crore in a seed round led by Inflection Point Ventures. Buyofuel empowers the biofuels industry by connecting raw material aggregators, biofuel manufacturers, consumers, and waste generators.
12/11/2021

D2C sleep solutions brand Wakefit raises INR 200 Crore Series C investment led by SIG

Bengaluru-based home and sleep solutions brand Wakefithas raised Series C funding of Rs 200 crore led by SIG Global, operated by US-based Susquehanna International Group. Existing investors Verlinvest and Sequoia Capital participated in this round of funding. With this fund raise, the startup’s valuation is now at INR 2,800 crore.
11/11/2021

Troo Good bags Series A funding from OAKS Asset Management

Millet snacks company Troo Good, has raised INR 55 crore in its Series A funding round led by private equity firm OAKS Asset Management. Troo Good sells millet-based products including chikki and namkeen, among other snack products.
11/11/2021

SaaS startup CloudFiles raises INR 2.36 Crore in pre-seed round led by Titan Capital

SaaS startup for secure file sharing and engagement tracking, CloudFiles, has raised INR 2.36 crore in pre-seed round of funding led by Titan Capital. The funding also saw participation from marquee group of angel investors including Ashish Garg Founder and CEO of Eltropy and Renil Komitla, CEO of Terralogic Software.
11/11/2021

Zomato invests USD 60 million in hyperlocal discovery startup Magicpin

Samast Technologies Pvt. Ltd, which operates hyperlocal discovery startup Magicpin, has raised USD 60 million as part of its Series D funding round led by food delivery firm Zomato. Existing investors including Lightspeed Venture Partners also participated in the funding round.
11/11/2021

Global Supply Chain Intelligence Start-Up Trademo Raises USD 12.5 Million Seed Round

Trademo Technologies Inc, a global supply chain software-as-a-service company, has raised USD 12.5 million in its seed funding round led by former Google executive Amit Singhal. The funding round witnessed participation from early-stage venture capital investor Saama Capital, Neeraj Arora, former chief business officer of WhatsApp, and Sridhar Ramaswamy, founder […]
11/11/2021

CapGrid raises seed capital from Anicut Angel Fund, Axilor Ventures, First Cheque

Business to business commerce company CapGrid, has raised INR 4.1 crore in seed funding from Anicut Angel Fund, Axilor Ventures and First Cheque.
11/11/2021

OTT platform TVF raises USD 2 million debt from BlackSoil

OTT streaming platform The Viral Fever (TVF), has raised USD 2 million debt from Mumbai-based venture debt firm BlackSoil.
11/11/2021

GetVantage invests in digital interactive community platform Life Quest Clubs

Digital interactive community platform Life Quest Clubs, has raised an undisclosed amount of growth capital from GetVantage. Life Quest Clubs is a membership-based digital platform that offers go-to community life solutions and can be accessed via web and app.
11/11/2021

Nabventures invests INR 60 Crore in Series A round in agritech startup Unnati

Unnati, a fintech-driven agriculture service platform, has raised INR 60 crore in a Series A funding round led by Nabventures Fund. Orios Venture Partners and Incofin Investment Management also participated in the round.
11/11/2021

Xpand platform raises USD 1.5 million in pre-Series A

Xpand, Last Mile Channel Enhancement’s business-to-business logistics and warehousing platform, has raised USD 1.5 million in a Pre-Series A funding round at a valuation of nearly USD 10 million. The round was led by Akash Prakash, chief executive officer, Amansa Capital who invested in his personal capacity.
10/11/2021

MyGlamm Enters Unicorn Club After Raising Funds From Prosus Ventures, Others

Direct-to-consumer (D2C) beauty brand MyGlamm has entered the coveted unicorn club after raising USD 150 Million in its Series D round. The new funding round has been co-led by Prosus Ventures, Warburg Pincus, along with participation from Alteria Capital and existing investor L’Occitane, Bessemer Ventures, Amazon, among others.
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