Archive News

16/07/2020

Better Capital leads pre-seed funding round in neo-bank Walrus

Walrus Labs Pvt. Ltd, which operates an eponymous neo-banking platform primarily aimed at teenagers, has raised a pre-seed funding in a round led by early-stage venture firm Better Capital.Other investors in the round include Myntra co-founder Raveen Sastry and Taxiforsure founder Raghunandan G.  
15/07/2020

Edtech platform Unacademy leads a strategic investment of USD 5 Million in Mastree

Bengaluru-based edtech platform, Unacademy, has led a strategic investment of USD 5 Million to acquire a majority stake in Mastree, a leading K12 learning platform. With this investment, Mastree will join the Unacademy Group.  
15/07/2020

Insurance-tech startup Plum Benefits raises funding from Incubate Fund, others

Plum Benefits Pvt. Ltd, which helps companies set up group health insurance programmes, has raised INR 7 crore in a seed funding led by seed-focused Incubate Fund, with participation from Gemba Capital and Tracxn Labs.  
15/07/2020

Matrix Partners leads seed funding in fintech startup goDutch

GoDutch Technologies Pvt. Ltd, which operates an eponymous financial technology startup focussed on group payments, has raised USD 1.7 million in a seed funding led by Matrix Partners India. Other investors in the round include Y Combinator, Global Founders Capital, Soma Capital and VentureSouq.  
15/07/2020

OTT content-focussed social platform Flyx snags pre-seed funding

Flyx, an over-the-top (OTT) content-focussed discovery and social interaction platform, has raised INR 1.5 crore a in pre-seed funding from Raj Mishra, the founder and chairman of software development and services provider AIT Global Inc.  
14/07/2020

Incnut Digital raises USD 4 million in series A funding led by RPSG Ventures

Media and e-commerce startup Incnut Digital has raised around USD 4 million in a Series A funding round led by RPSG Ventures, an early stage consumer-centric venture capital fund backed by RP-Sanjiv Goenka Group.  
14/07/2020

Incubate Fund India, Beyond Next Ventures back B2B jobs marketplace GigIndia

Pune-based B2B jobs marketplace GigIndia has raised INR 7.3 crore in a bridge funding round, dubbed pre Series A round, led by Japanese venture capital firm unit Incubate Fund India. The round also saw participation from Tokyo-based venture capital firm Beyond Next Ventures and others.  
14/07/2020

Parking spot reservation platform ParkSmart raises INR 1.5 Crore from ah! Ventures, Marwari Angels

Delhi-based parking spot reservation platform ParkSmart has raised INR 1.5 crore from ah! Ventures, with participation from Marwari Angels.  
14/07/2020

Yumlane gets fresh funding after pivoting from food startup to cloud kitchen

Mumbai-based QwikPik Technology Pvt. Ltd, which operates cloud kitchen platform Yumlane, has raised USD 1 million  funding round led by Singapore-based Jetty Ventures.  
13/07/2020

Jio Platform sells 0.15% stake to Qualcomm for USD 97 millioJio Platform sells 0.15% stake to Qualcomm for $97 mnn

Wireless technology major Qualcomm has announced an investment of USD 97 million in Jio Platforms, the technology subsidiary of Reliance Industries (RIL). The capital infusion, made at an enterprise value of USD 68 billion was carried out through investment unit Qualcomm Ventures.  
13/07/2020

Airfare marketplace Mystifly raises USD 3.3 Million in pre-Series B round led by Recruit

Singapore and Bengaluru-based air retailing and payments platform Mystifly, has raised USD 3.3 million in a pre-Series B round of funding from existing investor Recruit Co., Ltd.  
13/07/2020

IoT-based security solutions firm Openapp nabs fresh funding

Open Appliances Pvt. Ltd, which operates internet-of-things security solutions startup Openapp, has raised 3.76 crore funding from early-stage investment firm Unicorn India Ventures, an existing investor in the company.  
10/07/2020

Flipkart to invest INR 260 crore in Arvind Fashions’ arm

Walmart-owned Flipkart has picked up about 27% stake in Arvind Fashions Ltd’s subsidiary Arvind Youth Brands for INR 260 crore. As the homegrown ecommerce company looks to strengthen its mid-market fashion portfolio.  
10/07/2020

Mumbai-based SaaS startup BrowserStack acquires Bay Area company, Percy

BrowserStack, the Mumbai-based software-as-a-service (SaaS) company, has completed a cash and stock deal to acquire Percy, a San Francisco Bay Area-based company, for an undisclosed sum. Percy, the five-year-old company, specialised in automating visual testing for applications.  
10/07/2020

Edtech startup Cuemath raises USD 2.7 million from Trifecta Capital

Bengaluru headquartered CueLearn, which runs edtech platform Cuemath, has raised USD 2.7 million in a mix of equity and debt issue from Trifecta Capital’s venture debt fund.  
10/07/2020

CARS24’s Financial Services raises 10 Cr debt funding from Vivriti Capital

CARS24 Financial Services, the lending arm of auto-tech-startup CARS24, has secured its first debt funding of INR 10 crore from Vivriti Capital.  
10/07/2020

Poonawalla, Infy co-founder pile into digital content startup JetSynthesys

JetSynthesys Pvt. Ltd, a digital content and technology platform that is part of the diversified JetLine Group of Companies, has raised INR 300 crore funding led by the family offices of Serum Institute of India chief executive officer Adar Poonawalla and Infosys co-founder Kris Gopalakrishnan.  
09/07/2020

SaaS startup Zomentum raises USD 4.1 Million from Accel and SAIF Partners in seed round

SaaS-based startup Zomentum, has raised USD 4.1 million in a seed round of funding from Accel and SAIF Partners.  
09/07/2020

JetSynthesys raises INR 300 crore from existing shareholders

Digital entertainment and technology company JetSynthesys has raised INR 300 crore from Kris Gopalakrishnan, the family office of Adar Poonawalla, and the Navani family-owned Jetline Group. Other shareholders of JetSynthesys include the family offices of Thermax, Triveni Group and DSP Group.  
09/07/2020

WEH Ventures leads pre-seed funding for ice cream brand NOTO

NOTO, a healthy ice cream brand, has raised an undisclosed amount in a pre-seed funding round led by WEH Ventures. The company’s existing investor Lead Angels also participated in this round.  
09/07/2020

Venture Catalysts invests in herbal products brand Green Cure

SPV Laboratories Pvt. Ltd, which operates herbal products brand Green Cure, has raised an undisclosed funding from startup incubator and accelerator Venture Catalysts.  
09/07/2020

Beenext leads seed funding for climate-tech startup Blue Sky Analytics

Xacmaz Technology Pvt. Ltd, which operates climate-tech startup Blue Sky Analytics, has raised USD 1.2 million in a seed funding round led by venture capital firm Beenext. Rainmatter Capital and Stanford Angels & Entrepreneurs also participated in the funding round.  
08/07/2020

Unacademy acquires medical entrance preparation platform PrepLadder for USD 50 million

Sequoia and Facebook-backed education technology startup Unacademy has acquired PrepLadder, a platform for postgraduate medical entrance exam preparation, for USD 50 million in a cash-and-stock deal.  
08/07/2020

Cybersecurity startup Securden raises USD 1.2 Million from Accel, Freshworks founder, others

Chennai and US-based cybersecurity startup Securden Inc, has raised USD 1.2 million in a seed investment round led by Accel with participation from Girish Mathrubootham, founder and CEO of Freshworks and others.  
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