Archive News


Modulor Capital, Pentathlon Venture lead funding in cyber security SaaS startup Botman

Cybersecurity software as a service startup Botman, has raised USD 200,000 as part of its seed funding round co-led by Modulor Capital and Pentathlon Venture.

PayPal Ventures leads USD 41 million funding round in Shiprocket

Logistics aggregator Shiprocket, has raised USD 41.3 million in a funding round co-led by PayPal Ventures, and existing investor Bertelsmann India Investments. Other existing investors Info Edge Ventures, March Capital, Tribe Capital, and Innoven Capital also participated in the round.

DanaMojo raises over INR 3 crore in funding

DanaMojo, Bengaluru based startup that provides online payment gateway to non-profit organisations, has raised INR 3.05 crore in its first round of funding from Rohini Nilekani, founder chairperson of Arghyam Foundation and Social Alpha.

Rhiti and Kanodia Group collaborate for a new venture capital fund

Sports-focused Rhiti Group has collaborated with cement maker Kanodia Group to launch Deep Pockets Capital Venture LLP, a venture capital fund, to incubate budding entrepreneurs as well as fund and scale tech startups. Deep Pockets will focus on tech-specific sectors—including film making, web series and TV shows, sports technology, and […]

Debt collections platform CanPe raises seed round led by Axilor Ventures, others

CanPe, a Bengaluru-based digital-first intelligent debt collections platform, has raised seed funding led by Axilor. The round also saw participation from Yatra Angel Network, Manipal Technologies, and BetaPlus Capital Partners.

AI-led startup Fountain9 raises USD 1.9 Million in seed round led by 021 Capital, Y Combinator

AI-led startup in the predictive inventory planning space Fountain9, has raised a seed round of USD 1.9 million from 021 Capital, Y Combinator, Titan Capital, US-based new-age VC firm Globevestor, Harvard Seed Fund, and climate change mission-driven German investment firm Blue Impact Ventures.

D2C brand Earth Rhythm raises USD 1.2 Million seed round from Anicut Angel Fund

Gurugram-based clean beauty personal care D2C brand Earth Rhythm, has raised USD 1.2 million seed funding from Anicut Angel Fund, the equity arm of Anicut Capital.

Alteria Capital invests in construction materials marketplace Infra.Market

Infra.Market, a marketplace for construction materials, has raised INR 100 crore in venture debt funding from Alteria Capital.

BeatO Raises INR 42 Crore Funding Led By W Health Ventures

Digital care ecosystem for chronic condition management BeatO, has raised INR 42 crore in funding led by the US-based venture capital firm W Health Ventures. The funding also saw participation from PharmEasy, Merisis VP, and existing investors Orios VP, Leo Capital, and others.

Alcobev startup RockClimber raises USD 1 million in pre-Series A funding

RockClimber, an alcoholic beverage brand, has raised USD 1 million from angel investor Anand Prakash Sharma in a pre-Series A funding round.

Conversational AI startup CoRover raises undisclosed sum from Canbank Venture Capital Fund

Bengaluru-based conversational AI startup CoRover Private Limited, has raised an undisclosed amount from Canbank Venture Capital Fund Ltd (CVCFL). This is the first round of institutional funding raised by the company that claims to be the first human-centric conversational AI company in India.

Cloud platform Neverinstall raises USD 375K seed round from Speciale Invest

Neverinstall, a startup building a cloud platform to bring any graphical user interface application regardless of OS and device type to the browser, has received around USD 375,000 in seed round. The investment is led by deep-tech venture capitalist Speciale Invest.

Pocketly raises undisclosed sum from angel investors and micro VCs

Pocketly, a microlending platform for college students, has raised an undisclosed amount of funding led by marquee angels. Other investors were micro VCs such as Prophetic Ventures, Dholakiya Ventures, RIIDL, and Scale VC.

Medical device distributor Genworks Health raises INR 15 Crore from Blacksoil

GE Wipro-backed Genworks Health, a medical device distributor in Tier II/III India, has raised INR 15 crore from Blacksoil. The company has tied up with various OEMs and has expanded its product portfolio to cover the entire “care cycle” of a patient – from screening to diagnosis to treatment and […]

Iron Pillar Raises USD 10 Million From Allana Group For Second Growth Stage Fund

Growth stage investor Iron Pillar has announced receiving an investment of USD 10 Million from food and meat export giant Allana Group in its Fund II. The second fund has already invested in SaaS startups CoreStack and Ushur.

Fintech platform Pine Labs announces USD 600 Million round led by Fidelity and BlackRock

Pine Labs Pvt. Ltd., a payments platform for merchants in India and Southeast Asia, has raised USD 600 million led by Fidelity Management & Research Company and BlackRock Inc. Investors participating in the round included a fund advised by Neuberger Berman Group LLC and India’s IIFL Finance Ltd. and Kotak […]

Crowdsourcing platform MyMobiForce raises USD 1.42 Million led by Bharat Inclusion Seed Fund

MyMobiForce an online marketplace to connect Field workers with Service companies, has raised USD 1.42 million as part of its pre-Series A round led by Bharat Inclusion Seed Fund, with participation from a group of angels led by Manu Iyer of Bluehill Capital, Acsys Investments, and Ashutosh Agrawal.

Leadership development startup PeakPerformer raises early-seed round from Antler India

PeakPerformer, a coaching platform for managers, has raised early-seed funding from global venture capital firm Antler India. Gaurav Munjal and Saket Agarwal, Founder of Onnivation also participated in this round.

Rewards-based payment network TWID raises USD 2.5 Million led by BEENEXT, Sequoia’s Surge

Rewards-based payment network TWID (That’s What I Do) raised USD 2.5 million led by BEENEXT and Sequoia Capital India’s Surge. The round also saw participation from angel investors Kunal Shah, Rajul Garg and YourNest India.

Assisted living space startup Arcatron Mobility raises growth financing through Klub

Pune based assisted living startup Arcatron Mobility, that manufactures next-generation mobility devices, has raised an undisclosed amount in growth financing through revenue-based financing platform, Klub.

Leegality Raises Pre-Series A Funding From IIFL

Gurugram-based document execution platform Leegality, has raised pre-Series A funding led by IIFL Securities Capital Enhancer Fund. Existing investors including Mumbai Angels also participated in the round.

Skylark Drones raises USD 3 Million led by InfoEdge Ventures and IAN Fund

Drone platform startup Skylark Drones, has raised USD 3 million in a pre-series A funding round led by InfoEdge Ventures and IAN Fund with participation from AdvantEdge Founders, Fowler Westrup, Redstart Labs, IKP and Vimson Group.

Logistics startup Locad gets seed funding from Sequoia Surge, others

Logistics and supply chain management integrator Locad, has raised USD 4.9 million in funding, in a seed round led by Sequoia Capital India’s Surge, with participation from Antler, Febe Ventures, Foxmont, Global Founders Capital, Gokongwei Family, and Hustle Fund.

Sweden’s MTG acquires Indian games developer PlaySimple for USD 360 million

Swedish gaming company Modern Times Group (MTG) has acquired Bengaluru-based word games developer PlaySimple for USD 360 million, in a cash and stock deal. MTG, which bought the company through subsidiary MTG Gaming, will pay 77% of the acquisition price in cash and the remaining through its Class B shares.