Archive News

06/09/2022

BLinC, Prime Venture Partners Back Fintech Firm FinAGG

Noida-based fintech startup FinAGG Technologies has secured pre-Series A funding of USD 3 Million led by venture capital firm BLinC Invest, with participation from existing investor Prime Venture Partners. The firm plans to deploy the fresh proceeds to roll out new products, strengthen lending ties and invest in technology.
05/09/2022

Bollywood Actor Ranveer Singh Marks First Startup Investment With Sugar Cosmetics

Beauty and personal care brand Sugar Cosmetics has raised an undisclosed amount in his personal capacity by Bollywood actor Ranveer Singh marking his first startup investment. With this partnership, Sugar Cosmetics hopes to create new pathways for customer acquisition, especially with the Gen Z and millennial audiences in India
02/09/2022

Spacetech Startup Skyroot Aerospace Fetches USD 50.5 Million In Series B

Spacetech startup Skyroot Aerospace Pvt. Ltd has raised USD 50.5 Million in a Series B round led by Waverly Pte Ltd, a subsidiary of Singapore-based GIC. LNM India Internet Ventures also participated in the round.
02/09/2022

Info Edge Invests INR 90 Cr In Rahul Yadav’s Broker Network

Housing.com’s founder Rahul Yadav led 4B Networks which runs proptech startup Broker Network has raised INR 90 Cr from its existing and only backer Info Edge. Broker Network plans to use the funds for expansion and growth of the company
02/09/2022

Singularity AMC To Close Fund With INR 600 Cr Corpus

Singularity AMC, backed by veteran investor Madhusudan Kela, is set to achieve closure of its maiden fund with a corpus of INR 600 Cr by the end of this month. The fund focus on investments in new-age firms in financial services, consumer brands, telecom networks and precision manufacturing sectors
02/09/2022

Lawyered Raises Over USD 1 Million To Fuel Next Phase Of Growth

Legal tech platform Lawyered has raised more than USD 1 million in its pre-series round by Finvolve’s Apoorva Vora. The startup is making access to legal support available and affordable. Lawyered has partnered with startups and micro, small and medium enterprises (MSMEs) and helps in solving their legal issues
01/09/2022

Cybersecurity Startup Silence Laboratories Bags Seed Funding To Build Better Authentication Schemes

Cybersecurity startup Silence Laboratories has raised USD 1.7 Million in its seed funding round led by pi Ventures. The round also saw participation from imToken Ventures and other angel investors, including Daniel Ari Friedman, Mahin Gupta, CK Vishwakarma, Priyeshu Garg, and Ashish Tiwari.
01/09/2022

Tortoise Raises Funds From Swiggy, ZestMoney Chiefs

Save-now-buy-later platform, Tortoise has raised an undisclosed amount of funding from Swiggy’s co-founder and chief executive officer (CEO) Sriharsha Majety and ZestMoney’s co-founder and CEO Lizzie Chapman, in an extension of the seed funding round.
01/09/2022

India Accelerator’s Angel Fund To Back 100 Startups

Startup nurturing platform India Accelerator has launched a INR 350 Cr category-I angel fund with an aim to back 100 early-stage startups every year. The funds plan to invest in cap size of INR 50 Lakhs each across nine verticals including D2C, B2B, software-as-a-service, healthtech, deeptech, agritech, fintech, hypersonic and […]
01/09/2022

AI start-up Algomage raises USD 850 K in pre-seed funding

Mumbai-based post-production startup Algomage has raised USD 850,000 in pre-seed funding led by The DotIn Network. Algomage will use the funds to introduce new tools to its AI post-production suite and expand its services to overseas markets.
01/09/2022

EV tech startup Electrifuel raises INR 1.8 Cr in funding from Indian Angel Network

Electric vehicle technology startup Electrifuel has raised INR 1.8 Cr in its seed round led by Indian Angel Network (IAN) investors Vishnuraj Kunjur, Sahil Kejriwal and Pradeep Gupta. The Delhi-based startup plans to use the funds to hire top talents for multiple roles, expand its team and scale production.
01/09/2022

WheelsEMI Raises USD 21 Million; In Talks To Secure More Funds

Two-wheeler lifecycle service startup Bike Bazaar has raised USD 21 Million in its ongoing Series D round of funding from a consortium led by Women’s World Banking Asset Management. The Company plans to deploy the fresh capital to grow its co-lending business across the two-wheeler segment, expand its geographical footprint […]
31/08/2022

MedGenome Raises USD 50 Million To Expand Global Footprint, Scale Up SaaS Offerings

Bengaluru-based genomics research startup MedGenome has raised USD 50 Million as part of a strategic funding round led by life sciences investor Novo Holdings. The round also saw participation from other existing investors such as LeapFrog Investments and Sofina.
31/08/2022

B2B retail commerce platform Soptle raises funds led by Soonicorn LLP and a clutch of logistics leaders

Software as a service (SaaS) startup Soptle has raised an undisclosed angel round led by Soonicorn LLP, along with the participation of All-cargo Group’s executive director Vaishnav Shetty, logistics company Gati’s chief executive Pirojshaw Sarkari, and Zomato-acquired Fitso’s founder Saurabh Agarwal, among others.
31/08/2022

Bored Beverages raises over INR 2.5 Cr in seed round led by Inflection Point Ventures

Beverage brand Bored Beverages has raised INR 2.5 Cr in a seed round led by Inflection Point Ventures. WeFounder Circle’s founder Bhawana Bhatnagar, Soumya Kant of Clovia, Simba Beer’s founder Prabhtej Singh Bhatia and Dot In Network also participated in the funding round.
31/08/2022

Human Edge raises USD 1.5 Million from Bharat Innovation Fund, other investors

Wellbeing platform Human Edge has raised USD 1.5 Million in a round led by Bharat Innovation Fund. Lead Angels and Force Ventures and a few angel investors from Singapore, US, and India also invested in the round. Human Edge plans to use the fund to develop a mobile app. The […]
30/08/2022

Fintech Startup EarlySalary Raises USD 110 Million From TPG Growth, Norwest Capital

Update-The startup has now officially announced the raising of USD 110 Million in its Series D round. The round was led by TPG’s The Rise Fund and Norwest Venture Partners. The current round of funding also includes a secondary sale. The fresh funds will be used to enter new markets, […]
30/08/2022

Merak Ventures Launches USD 100 Million Maiden Fund To Back Early-Stage Startups

Gurugram-based early-stage venture capital firm Merak Ventures is raising its debut VC fund with a target corpus of USD 100 Million. The fund will invest in up to 20 startups over the next three to four years.
30/08/2022

Spacetech Startup Pixxel Bags Investment From Accenture

US-listed IT firm Accenture has made a strategic investment in space tech startup Pixxel which recently launched its first full-fledged commercial imaging satellite, Shakuntala, and is bringing in more innovations in earth imaging technology. The terms of the deal were not disclosed.
30/08/2022

ApniBus secures its pre-seed funding from Antler India

Intercity bus platform ApniBus has raised an undisclosed amount of funding in a pre-seed round led by early-stage venture capital firm Antler India. The round also saw participation from GoodWater Capital and angels including Niraj Singh (founder and CEO at Spinny) and Asish Mohapatra (founder and CEO at OfBusiness).
30/08/2022

Perpetuity Capital raises INR 1 Cr in funding from Sungrace

Fintech startup Perpetuity Capital has secured INR 1 Cr in a funding round from Sungrace Finvest. The Company plans to deploy the fresh proceeds to ramp up its tech capabilities. It also looks to expand its EV OEM tie ups and help with financing their B2B and retail sales.
30/08/2022

Nazara Tech Acquires US-Based WildWorks

Listed gaming startup Nazara Technologies Ltd has bought kids’ interactive entertainment firm WildWorks for INR 78 Cr in an all-cash deal, marking the company’s first acquisition in the US. With this acquisition, WildWorks plans to localize the existing Animal Jam apps for new territories and develop new apps and interactive […]
29/08/2022

VC Firm Climate Angels Sets Up Special Cells To Back Climate Tech Startups

VC fund Climate Angels has launched special syndicates to help investors invest in climate tech startups easily. Under these syndicates, Climate Angels will write off cheques between INR 3-10 Cr in climate tech-focused startups for the period of six years.
29/08/2022

Proptech Accelerator Gruhas ASPIRE Finalises Seven Startups For Its First Cohort

Gruhas ASPIRE is a partnership between Gruhas Proptech Fund, DLF Family Office, and Anthill Ventures. Proptech accelerator has selected seven startups as part of its maiden cohort. Under the initiative, the selected startups will be provided with mentorship on a range of domains including market expansion, business model refinement, hiring, […]
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