Archive News


Mayfield invests in micro-delivery grocery startup Milkbasket

Gurugram-based micro-delivery grocery service Milkbasket has raised closed to INR 10 crore in a fresh funding round from US-based venture capital firm Mayfield Fund.

RB Investments bets on meat retail chain

Singapore-based boutique venture fund RB Investments has invested undisclosed amount in a meat retail chain headquartered in Jaipur

Impact investor Acumen injects more money into health-tech firm Healthcubed

Impact investor Acumen has invested an undisclosed amount in diagnostics-focused healthtech startup Healthcubed Inc’s pre-Series A funding round.

Venture debt firm Alteria Capital invests in Google-backed Dunzo

Bengaluru-based daily tasks management app Dunzo, run by Dunzo Digital Pvt Ltd, has raised INR 7 crore from venture debt firm Alteria Capital.

Cross-border VC firm Transit Cap in talks to raise up to USD 60 million for debut fund

Cross-border venture capital firm Transit Capital is in talks to raise its debut fund and is targeting a corpus of USD 50-60 million.

Meesho gets USD 50 million from Shunwei Capital, Kabir Misra’s fund, others

Bengaluru- and California-based Meesho, an online marketplace for resellers, has raised USD 50 million in a Series C round of funding from China’s Shunwei Capital, Russian billionaire Yuri Milner’s DST Partners and RPS Ventures.

China’s Shunwei Capital raises USD 1.21 billion for its latest global fund

Chinese early-and growth-stage venture capital fund Shunwei Capital has raised one of its largest funds yet at USD 1,21 billion.

Tiger Global said to eye fresh India investments after three-year hiatus

Three years after its last investment in the country, New York-based Tiger Global Management is said to be planning an investment in two Indian companies — Fyle and Facilio

Aavishkaar plans USD 300 million South Asia fund, aims first close by 2019-end

India’s biggest homegrown impact investor by size of investments, Aavishkaar Group, plans to raise USD 300 million for its South Asia-focused fund early next year to invest across financial services, agriculture, energy and health

Yet-to-be-launched startup INDwealth leads VC funding this week

INDwealth, a yet-to-be-launched fintech startup floated by a founder of travel tickets booking firm Ibibo Group, raised USD 30 million from Hong Kong-based hedge fund Steadview Capital

ITI group’s debut venture capital fund marks first close

The Investment Trust of India (ITI), a financial services group backed by Sun Pharmaceutical Industries Ltd director Sudhir Valia, has marked the first close of its INR 150 crore (USD 20 million) early-stage venture capital fund

Norwest Venture Partners leads Series D investment in Veritas Finance

Multi-stage private investment firm Norwest Venture Partners has led a Series D investment of INR 200 crore in Veritas Finance Pvt Ltd

Pet grooming brand Captain Zack secures pre-Series A capital

EM & EM Personal Care Pvt Ltd, which owns pet grooming brand Captain Zack and personal care brand Coccoon, has secured INR 11 crore in a pre-series A funding round led by Apar Industries’ promoters Kushal Desai and Chaitanya Desai through their family office

Sixth Sense Ventures closes second fund at USD 68 million, surpasses initial target

Early-stage venture capital firm Sixth Sense Ventures has closed its second fund at INR 500 crore

Venture Catalysts invests in bike-sharing app Mobycy

Venture Catalysts has invested in bike-sharing app Mobycy in an angel funding round.

Used cars marketplace Truebil raises USD1.35 million in venture debt

Mumbai-based online marketplace for pre-owned cars Truebil has raised INR 10 crore in a fresh round of funding from venture debt provider Trifecta Capital.

Turms raises INR 6 crore to fund expansion, hiring

Internet first apparel brand Turms, which sells stain repellent, odour-resistant daily wear has raised INR 6 crore from a clutch of angels including Freshdesk founder Girish Mathrubootham, former Reliance Retail Lifestyle president Bijou Kurien.

Sentieo raises USD 19 million in Series A financing round

San Francisco and Delhi-based financial research platform Sentieo has raised USD 19 million in its Series A round of equity financing that was led by growth equity firm Centana Growth Partners.

Ex-Cisco chairman John Chambers’ VC firm backs cybersecurity company Lucideus

Indian firm Lucideus Technologies Pvt Ltd, which provides digital security services for companies, has raised USD 5 million (INR 36 crore) from JC2 Ventures, the venture firm of former Cisco executive chairman John T Chambers.

Worker background verification firm AuthBridge acquires Footprints

Gurugram-based AuthBridge Research Services Pvt Ltd, which verifies employee background, has acquired Bengaluru-based Footprints Collateral Services Pvt Ltd operating in the same segment.

Japan’s Incubate Fund, others invest in e-sports startup GamingMonk

E-sports startup GamingMonk has raised INR 4 crore in a fresh round of funding from Japanese seed investment firm Incubate Fund and Google India managing director Rajan Anandan.

Angel investors back online loan facilitator NIRA

NIRA, an online startup that channels personal loans through its partnership with Federal Bank, on Tuesday announced its USD 1 million seed round involving angel investors in the UK and India

Freshworks, Pepperfry founders & others back apparel brand Turms

Bengaluru-based Bigphi Technologies Pvt Ltd, which sells apparel under the brand Turms, has raised USD 870,000 from angel investors the round was led by Freshworks founder Girish Mathrubootham, former Reliance Retail Lifestyle president Bijou Kurien, Pepperfry founder Ambareesh Murty, OneAssist founder Subrat Pani and former Flipkart executive Mekin Maheshwari.

Flipkart co-founder Sachin Bansal may invest up to USD 100 million in EV maker Ather Energy

Flipkart co-founder and former chief executive Sachin Bansal is in talks to invest an additional USD 50-100 million in electric vehicle maker Ather Energy Pvt Ltd.