Archive News

07/01/2021

Alpha Wave Incubation leads Series A funding in edtech firm Kyt

Kyt Technologies Pvt Ltd, which operates a platform focussed on extracurricular learning for children, has raised USD 5 million funding led by Alpha Wave Incubation. Other participants in this round include Sequoia Capital India’s Surge, January Capital, Titan Capital, and angel investors.
07/01/2021

Venture debt firm Stride Ventures leads fresh funding in Pocket Aces

Digital entertainment startup Pocket Aces Pictures Pvt. Ltd, has raised INR 17 crore in a funding round led by venture debt firm Stride Ventures.
06/01/2021

Made in India brand boAt raises USD 100 Million from Warburg Pincus, plans to expand its product line

Boat, an electronics and lifestyle startup, has secured USD 100 million in funding from Warburg Pincus. Company will use the funding to invest in research and development and set up local manufacturing.
06/01/2021

BharatPe raises funding from InnoVen Capital

Resilient Innovations Pvt Ltd, which operates the payments and financial services-focussed startup BharatPe, has raised INR 60 crore from venture debt firm InnoVen Capital.
06/01/2021

IAN leads pre-Series A funding in fintech startup Zerone

Fintech startup Zerone Microsystems Pvt Ltd, has raised INR 9.5 crore as part of its pre-Series A funding round led by the Indian Angel Network (IAN). The Chennai Angels also participated in this round.
06/01/2021

Air pollution-focussed Devic Earth raises funding from Blue Ashva

Devic Earth Pvt Ltd, a startup focussed on air-pollution control equipment, has raised INR 10 crore in its first institutional funding round from Blue Ashva Capital.
06/01/2021

iMumz Raises INR 2.2 Crore From Enzia Ventures And Titan Capital

The pregnancy health app iMumz has raised INR 2.2 crore funding from Enzia Ventures, Titan Capital, and AngelList in a funding round. The online app plans to enter the USA in March with customized wearable devices and giving suggestions based on the wearable data for every pregnancy.
06/01/2021

Insuretech startup Finsall raises INR 2.4 crore in seed round from Unicorn India Ventures, others

Finsall, a Bengaluru-based insurtech startup, has raised INR 2.4 crore in a seed round from Unicorn India Ventures. The investment round saw participation from SEA Fund and other angel investors.
06/01/2021

Hyderabad startup Practically raises USD 4 Million in Pre-Series B round led by Siana Capital

Practically, a Hyderabad-based interactive and immersive learning app, on Tuesday said it has raised USD 4 million in a Pre-Series B round led by Bengaluru-based deep tech investor Siana Capital. Existing investors YourNest Venture Capital and Exfinity Ventures also participated in the investment round.
05/01/2021

FINTECH IN AGRICULTURE SECTOR

FinTech in Agriculture Sector We have reviewed the Agritech sector closely and present our main takeaways below. The note captures: The gaps in a traditional yet key sector in India along with critical challenges faced by companies solving for the said gaps Critical success factors required to succeed New age […]
05/01/2021

Bira 91 raises USD 30 million from Japan’s Kirin Holdings

Sequoia-backed craft beer maker Bira 91 has raised USD 30 million from Japanese integrated beverages company Kirin Holdings, its first investment in India.
05/01/2021

Cred raises Series C funding; buys back ESOPs worth USD 1.2 mn

Dreamplug Technologies, which owns and operates credit card payment platform Cred, has raised USD 81 million in a Series C round led by returning investor DST Global. Sequoia Capital, Ribbit Capital, Tiger Global, General Catalyst, Sofina, Coatue and Satyan Gajwani of Times Internet also participated in the round. The investment […]
04/01/2021

GIG ECONOMY & BLUE COLLAR TECH

Overview Hiring blue collar employees such as drivers, delivery staff, maids, cooks, peons, office boys, housekeepers, babysitters, aayah, carpenters, plumbers etc. is one of the most daunting tasks to do so in a country like India. Employers belonging to the informal sector such as shops, salons, beauty parlors, food joints, […]
04/01/2021

Mirae launches India-focused fund to back early-stage startups

South Korean financial services company Mirae Asset group is betting on early-stage Indian startups with the launch of an India-dedicated fund. Mirae Asset Venture Opportunities Fund 1, with a corpus of USD 35 million and an option to take it up to USD 75 million, will cut cheques for seed […]
31/12/2020

MyClassboard raises INR 4.5 crore funding from ICICI Bank

MyClassboard, an end-to-end school management software provider, has raised INR 4.5 crore in pre-Series A funding from ICICI Bank.
31/12/2020

Unacademy makes its fifth acquisition of 2020 in NeoStencil

SoftBank-backed edtech startup Unacademy has acquired test preparation platform NeoStencil for an undisclosed sum, in a bid to grow its footprint into Tier II and Tier III cities.
31/12/2020

Incubate Fund India leads pre-Series A funding in jobs marketplace GigIndia

Explorium Innovative Technologies Pvt Ltd, which operates business-to-business jobs marketplace GigIndia, has raised INR 7.6 crore in pre-Series A funding led by Incubate Fund India with participation from Beyond Next Ventures, Avaana Capital’s Anjali Bansal, and Vineet Patni.
31/12/2020

Venture Catalysts leads seed funding in agri-tech startup Qzense

Qzense Labs Pvt Ltd, an agri-tech startup focussing on quality control and fresh produce management, has raised INR 4.5 crore in seed capital led by incubator and accelerator Venture Catalysts. Other participants in this round include 9Unicorns, The Chennai Angels, Entrepreneur First, and Lumis Partners.
30/12/2020

Menstrual hygiene management startup PadCare Labs raises pre-seed round from Venture Center

Pune-based menstrual hygiene management startup, PadCare Labs, raised an undisclosed amount in its pre-seed funding round from technology startup incubator Venture Center under BIRAC’s LEAP Fund.
30/12/2020

Agri-tech firm Gramophone snags funding from Siana Capital, others

Agstack Technologies Pvt. Ltd, which operates agricultural-technology platform Gramophone, has raised INR 25 crore capital led by Siana Capital, a Bengaluru-based fund focussed on investing in companies during their early to middle stages of growth. Other participants in this round include Info Edge Ventures fund, Asha Impact and Better Capital.
30/12/2020

Bharat Inclusive Tech Fund leads Series A funding in Pariksha

Knoctowl Technologies Pvt Ltd, which operates education-technology firm Pariksha, has raised capital in a Series A round that has vaulted its valuation to nearly INR 100 crore. Pariksha has raised around INR 13.16 crore in a round led by Bharat Inclusive Technology Fund.
30/12/2020

Venture Catalysts, PointOne lead pre-seed funding in escrow platform NCOME

NCOME Tech Solutions Pvt Ltd, which operates a platform offering escrow-as-a-service, has raised INR 3.6 crore in a pre-seed funding round led by Venture Catalysts and PointOne Capital.
30/12/2020

Crypto-based lending platform Vauld raises USD 2 million for India expansion

Vauld, a cryptocurrency-based lending and decentralised finance platform, has raised USD 2 million funding from Pantera Capital, Coinbase Ventures, CMT Digital, Gumi Cryptos Capital and LuneX Ventures. Other participants in this round include Robert Leshner- and Taun Chitra-managed Robot Ventures, CoinShares, Better Capital, New Form Capital, and IntoTheBlock CEO Jesus […]
29/12/2020

Collaborative learning edtech platform Krayonnz raises INR 1 Crore led by GSF Accelerator

Vedarsy Technologies Pvt Ltd, a peer to peer collaborative learning edtech startup, has raised INR 1 crore as part of a pre-seed round of funding led by GSF Accelerator.
Top