Archive News


Leo Capital, Anand Chandrasekaran invest in Sheroes

Sheroes, the women’s-focused community and career platform, has raised an undisclosed sum of fresh funding from venture capital firm Leo Capital and angel investor Anand Chandrasekaran.

UAE investor leads Series C round in furniture rental platform Furlenco

Online furniture rental startup Furlenco, which is run by Kieraya Furnishing Solutions Pvt Ltd, has raised its Series C round of funding of around INR 80 crore led by a venture capital firm, Crescent Enterprises Ventures, based in the United Arab Emirates (UAE).

Omphalos Ventures, others back machine learning platform Mate Labs

Bengaluru-based machine learning platform Mate Labs has raised seed funding of USD 550,000  led by Omphalos Ventures India LLP.

Infosys invests around USD 1 million more in US firm TidalScale

Infosys Ltd, the country’s second-largest software services exporter,  has invested an additional around USD 1 million in US-based TidalScale Inc.

India’s Infosys to buy Finnish firm Fluido for USD 76 million

Infosys, one of India’s largest IT services firm, has agreed to spend USD 76 million to buy Fluido, a Salesforce consulting partner in the Nordics in Europe.

Social e-commerce startup Meesho in talks to raise funding from DST Global

Meesho, one of the fastest growing e-commerce companies in the country, has initiated talks to raise a fresh round of capital from Russian investment company DST Global.

Matrix, Times Internet inject fresh capital into e-pharmacy Myra

Bengaluru-based Metarain Software Solutions Pvt Ltd, which runs pharmacy app Myra, has raised around INR 8 crore in additional capital from existing investors.

PharmEasy set to get new PE, VC investors in Series D round

Mumbai-headquartered 91 Streets Media Pvt Ltd, which operates online drug delivery platform PharmEasy, is in the final stages of closing a Series D round of funding of about INR 300 crore led by two new investors.

Sequoia India leads Series B funding round in Indonesian firm Moka

Sequoia Capital has led  Indonesian cloud-based point-of-sale (POS) software provider Moka’s Series B round of funding as it raised USD 24 million from new and existing investors.

LimeRoad co-founder, others back fantasy football startup LeagueSX

LeagueSX Entertainment Pvt Ltd, which operates an eponymous fantasy football site, has raised an undisclosed amount from investors including LimeRoad co-founder Prashant Malik and Kraftly business chief Akshay Gulati.

InnoVen Capital offers venture debt to online drugstore PharmEasy

Mumbai-based PharmEasy, which offers diagnostic test booking services as well as medicines and wellness products online, has raised INR 40 crore from venture debt investor InnoVen Capital.

ShiftKarado gets INR 5 crore from Star WorldWide

ShiftKarado, a tech-oriented packing and moving company, has raised additional funding of INR 5 crore from Star WorldWide Group and Promoters.

Mumbai Angels Network invests in Rev Snack

Rev Snack, which owns and operates real fruit snacks brand Frubites, has raised an undisclosed sum in funding led by the Mumbai Angels Network, and other external investors.

Texas retirement fund to inject USD 75 million in Everstone-backed IndoSpace fund

Employees Retirement System Of Texas has committed about USD 75 million to IndoSpace Logistics Parks III, the third fund from Mumbai-based industrial real estate investor IndoSpace Logistics Parks.

Kalaari Capital tops up Vokal’s Series A round with around USD 1 million cheque

Bombinate Technologies Pvt Ltd, which runs vernacular knowledge-sharing platform Vokal, has raised around USD 1 million from new investor Kalaari Capital as part of its Series A round of funding.

Vertex Ventures, Sistema Asia fund back fintech startup Kissht

OnEMI Technology Solutions Pvt Ltd, which runs digital lending startup Kissht, has raised Series C funding from investors led by Vertex Ventures Southeast Asia & India and Sistema Asia Fund.

New mid-market PE fund in talks with Coverfox for maiden deal

Coverfox, an online insurance aggregator, is in talks to raise USD 8-10 million from Avaana Capital.

Tappp gets USD 5 million in Series-A funding

Pre-paid platform Tappp, which enables global access to premium live sports content, has raised USD 5 million in Series-A financing, led by global sports tech venture fund ADvantage.

Upwards Fintech raises USD 5 million from China’s Shunwei Capital, others

Upwards Fintech, which offers consumer-focussed micro loans, has raised USD 5 million in a Series A funding round from Chinese venture fund Shunwei Capital

Hong Kong-based CLP’s India arm buys 49% in two Suzlon solar projects

CLP India, a wholly-owned subsidiary of Hong Kong-based CLP Holdings, has acquired a 49 per cent stake each in two of Suzlon’s solar projects in Dhule,

Omidyar Network leads seed investment in fintech startup Bon

Bonfleet Solutions Pvt Ltd, which runs fintech startup Bon, has raised a seed round of funding of around INR 7 crore led by impact investment firm Omidyar Network.

Energy tech firm AutoGrid secures Series D capital

US-based artificial intelligence-based energy solutions firm AutoGrid, which also has operations in India, has raised USD 32 million in a Series D round of funding from new and existing investors.

Stellaris and Fireside sawaddle Mamaearth with USD 4 million in Series A

Mother and baby care brand Mamaearth has raised USD 4 million, as part of its Series-A round led by early stage technology-focused fund Stellaris Ventures and existing investor Fireside Ventures.

Sun Pharma to acquire around 18% stake in Israel’s Tarsius for USD 3 million

Sun Pharmaceutical Industries is acquiring an around 18  per cent stake in Israel-based Tarsius Pharma for a cash consideration of USD 3 million.