Archive News

23/03/2022

SaaS Startup Draup Secures USD 20 Million From US-Based Private Equity Firm HKW

B2B SaaS startup Draup has raised USD 20 Million from US-based private equity firm HKW to accelerate its AI capabilities and expand product portfolio. Draup now seeks to grow its customer base globally across America, Europe, and Asia while continuing to build a world-class technology team.
23/03/2022

EverSource Capital Acquires Majority Stake in EV Startup Lithium Urban Technologies

EverSource Capital, the manager of India’s largest climate impact funds, has announced an investment to acquire a majority stake in the Bengaluru-based electric vehicle (EV) startup Lithium Urban Technologies.
23/03/2022

B2B Fintech Startup Rupifi Secures USD 8 Million Venture Debt From Alteria Capital

Bengaluru-based B2B fintech startup Rupifi has raised USD 8 Million venture debt from Alteria Capital, Trifecta Capital, and Innoven Capital.
23/03/2022

Skillbee Raises USD 3.2 Million Funding To Help Migrant Workers Get Jobs

Skillbee, a startup that helps migrant workers get jobs, has raised USD 3.2 Million in a seed funding round from Good Capital and Vibe Capital. The round saw participation from investors –Access Bridge Ventures and Wamda Capital, and Bharat Founders Fund including, Rahul Chaudhary from Treebo, Zishaan Hayath from Toppr, […]
23/03/2022

Polygon founder Jayanti Kanani backs tech entertainment firm Plutoverse

Technology entertainment company Plutoverse has raised an undisclosed amount from Polygon’s Co-founder and Chief Executive Officer and billionaire Jayanti Kanani.
23/03/2022

Trifecta write USD 8 Million venture debt cheque to aquaculture platform Aquaconnect

Aqua farmers’ network Aquaconnect has raised venture debt funding of USD 8 million from Trifecta Capital. The firm, operated by Coastal Aquaculture Research Institute Pvt Ltd, plans to use the fresh capital to expand its India footprint.
22/03/2022

Inflection Point Ventures Launches USD 50 Mn VC Fund, To Invest In 15-20 Startups

Early-stage angel investing firm Inflection Point Ventures (IPV) has launched its AIF CAT II Physis Capital, a USD 50 Million venture capital fund. Physis Capital will have a corpus of USD 50 Mn with a green shoe option of another USD 25 Mn and aims for its first close at […]
22/03/2022

Times Internet Infuses USD 60 Million In Social Media Unicorn ShareChat

Indigenous social media platform ShareChat has added Times Internet to its captable. ShareChat is raising around USD 60.5 Million from the Gurugram-based Indian internet giant.
22/03/2022

Tiger Global-Backed Bizongo Buys Clean Slate To Equip Indian Factories With IoT Solutions

Mumbai-based B2B packaging and textile startup Bizongo has acquired internet-of-things (IoT) startup Clean Slate for an undisclosed amount. Through this acquisition, the startup would equip Indian factories with its IoT-powered cloud factory solution by 2023.
22/03/2022

Walmart’s PhonePe Acquires B2B Micro-Entrepreneur Platform GigIndia

Walmart-backed digital payments platform PhonePe has acquired GigIndia, a B2B marketplace for on-demand work completion for freelance micro-entrepreneurs, for an undisclosed amount.
22/03/2022

CommerceIQ turns unicorn with USD 115 Million funding led by SoftBank Vision Fund 2

Algorithmic platform CommerceIQ, has raised Series D funding of USD 115 million led by SoftBank Vision Fund 2 at unicorn valuation. The round also saw participation from existing investors including Insight Partners, Trinity Ventures, Shasta Ventures and Madrona Venture Group.
22/03/2022

Tiger Global-backed Bizongo buys IoT firm Clean Slate

Business-to-business (B2B) e-commerce and supply chain enablement platform Bizongo, has acquired Mumbai based IoT, and real-time location services solutions provider Clean Slate Technologies Pvt Ltd for an undisclosed amount.
22/03/2022

Edtech startup Leverage Edu pockets USD 22 Million in Series B round

Leverage Edu, has raised USD 22 million in its Series B round of funding from a bunch of funds, family offices and HNI (high networth individual) investors, besides existing backers. The new investors included UAE-based NB Ventures and 9Unicorns. Chona Group (behind Havmor ice cream brand), FMCG player Vicco, Mankind […]
22/03/2022

Ola Electric backs Israeli battery tech firm StoreDot

Ola Electric, the electric vehicle arm of ride-sharing startup Ola Cabs, on Monday, said it has invested an undisclosed amount in Israeli battery technology company StoreDot.
22/03/2022

Kotak investment arm, Unicorn India, others back healthtech firm FutureCure

Healthtech platform FutureCure Health has racked up Series A funding of USD 4 million from a clutch of investors including Kotak Investment Advisors Limited (KIAL), Unicorn India Ventures and RVCF India Growth Fund, among others.
21/03/2022

Sequoia Buys The Dip, Picks Up USD 94.8 Million Worth Of Freshworks’ Shares

Venture Capital firm Sequoia India has picked up USD 94.8 Million worth of Freshworks’ shares.
21/03/2022

HealthQuad, Sabre Partners lead Series B round in ekincare

Artificial intelligence-based health benefits startup ekincare on has raised USD 15 million as part of its Series B funding led by HealthQuad and Sabre Partners. Existing investors Eight Roads Ventures, Ventureast, Siana Capital and Endiya Partners also participated in the round.
17/03/2022

DEAL ANNOUNCEMENT: Maritime Procurement startup Shipskart raises Series A Funding via Enablers

Shipskart, Singapore-based B2B supply chain startup in the maritime and offshore segment has raised USD 2.7 million in Series A round led by Trail Mix Ventures (TMV) and Hermes Offshore. Strategic investors including Motion Ventures, Tradeworks.vc and Eternia Investments also participated in the round. ValPro’s startup advisory vertical, Enablers, was […]
17/03/2022

Deal Announcement: Maritime Procurement Startup Shipskart raises Series A funding round via Enablers

Shipskart, Singapore-based B2B supply chain startup in the maritime and offshore segment has raised USD 2.7 million in Series A round led by Trail Mix Ventures (TMV) and Hermes Offshore. Strategic investors including Motion Ventures, Tradeworks.vc and Eternia Investments also participated in the round. ValPro’s startup advisory vertical, Enablers, was […]
17/03/2022

Razorpay Marks Fifth Acquisition, Buys Payments Technology Startup IZealiant Technologies

Fintech unicorn Razorpay has acquired IZealiant Technologies, a fintech startup, marking its fifth acquisition in four years. However, the financial details of the deal were not disclosed by the unicorn.
17/03/2022

F2P Gaming Startup LILA Games Raises USD 10 Million For Product Development

F2P Gaming Startup LILA Games Raises USD 10 Million For Product Development led by Rainfall. The round saw participation from investors–BITKRAFT Ventures, Galaxy Interactive, Sequoia Capital, and KRAFTON and angel investors including Ryan Wyatt, CEO of Polygon Studios, Tanay Tayal, cofounder and CEO of Moonfrog Labs, and Thomas Vu, producer […]
17/03/2022

Bioenergy Technology Startup GPS Renewables Raises Funds From Neev Fund II By SBICap Ventures

GPS Renewables, a Bengaluru-based bioenergy technology startup, has raised fresh capital in a Series B funding round from Neev Fund II, a venture capital fund managed by SBICap Ventures.
17/03/2022

Data Engineering Startup Scribble Data Raises Funding From Blume Ventures

Bengaluru-based data engineering startup Scribble Data has raised USD 2.2 Million in seed funding led by early-stage venture capital firm Blume Ventures. Log X Ventures and Sprout Venture Partners also participated in this round of funding.
17/03/2022

Kora Capital-backed Clear buys financing tech platform Xpedize

Online taxation and fintech software provider Clear, has acquired supply chain supply chain financing technology firm Xpedize. The deal value stood at around INR 100 crore.
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