Archive News

09/08/2022

Orxa Energies Closes Pre-Series A Round To Bring Its Electric Bike Mantis To The Market

Electric motorcycle maker Orxa Energies has closed an undisclosed amount of Pre-Series A funding round from SAR Group’s electric mobility arm Lectrix E-Vehicles. Along with the fundraising deal, Orxa Energies is also getting into a strategic collaboration with Lectrix E-Vehicles.
09/08/2022

Sales Acceleration Startup SquadStack Bags USD 17.5 Million To Expand Into New Verticals

SaaS enabled talent marketplace SquadStack has raised USD 17.5 Million in Series B round led by Bertelsmann India Investments, along with existing investors Chiratae Ventures and Blume Ventures. It will use this fresh infusion of funds to hire top talent to strengthen its team for expansion. It also plans to […]
09/08/2022

Weave Capital Launches USD 75 Million Fund For Early-Stage Tech Startups

SPVH Group’s venture capital (VC) arm Weave Capital has launched a multi-stage VC fund of USD 75 Million with an aim to participate and lead investments in startups raising capital above seed rounds till Series B rounds. Weave Capital is a sector-agnostic fund with an inclination to fund technology-enabled businesses
09/08/2022

Tiger Global Leads Series A Round In Fintech Startup Jodo

Educational payments startup Jodo has raised USD 15 Million led by Tiger Global. The round also saw participation from existing investors, Elevation Capital and Matrix Partners India
09/08/2022

Agritech Startup Produze Nets Seed Funding In Accel-Led Round

Cross-border agritech platform Produze has secured seed funding of USD 2.6 Million led by Accel Partners. The round also saw participation from a host of investors including All In Capital, Thirukumaran Nagarajan (CEO at Ninjacart); Kartheeswaran KK, (COO at Ninjacart); Anilkumar SG, (CEO at Samunnati); Pawan Gupta (CEO at Fashinza); […]
09/08/2022

100X Entrepreneur Fund, Others Back E-Commerce Marketplace 1digitalstack

Inovedge Commerce which runs e-commerce revenue growth platform for marketplace 1DigitalStack.ai has secured USD 1.5 Million in a funding round led by 100X Entrepreneur Fund and a host of angel investors and syndicate angel funds. The fundraise also saw participation from CP Gurnani (Tech Mahindra); Jaswinder Chadha (Axtria); Jaideep Mehta […]
09/08/2022

Indian Angel Network Leads Series A Round In Cloud Kitchen Startup Bigspoon

Cloud kitchen startup Bigspoon Foods has raised Series A funding of INR 100 Cr led by Indian Angel Network, with participation from NB Ventures, Go-Ventures, Lets Venture, Grip Invest, and Anicut Capital. The fundraise was also joined by celebrity investor Mouni Roy, who will be joining the brand’s incubation and […]
08/08/2022

Wealthtech Startup Dezerv Secures USD 21 Million To Offer Customised Investment Opportunities

Wealthtech startup Dezerv has secured USD 21 Million in its Series A funding round led by Accel. Existing investors Matrix Partners India and Elevation Capital also participated in the round. Dezerv plans to use the capital to strengthen its user experience, introduce investment opportunities and grow the talent pool.
08/08/2022

Scripbox Acquires Investment Startup Wealth Managers To Grow Cumulative Consumer Base

Wealthtech startup Scripbox has acquired Pune-based startup Wealth Managers for an undisclosed amount. Following the acquisition, Scripbox plans to expand its geographical footprint and customer base.
08/08/2022

Axis Bank, Oaks Asset Management Invest In Fintech Player CredAble

Supply chain finance platform CredAble has secured USD 9 Million in a fresh round of funding from Axis Bank and existing investor Oaks Asset Management. Axis Bank will acquire a 5% stake in the startup. The Mumbai-based startup will use the fresh capital to scale its growth plans.
08/08/2022

Inflection Point Backs Manufacturing Platform Fabrication Bazar

Ben & Gaws which runs manufacturing and engineering startup Fabrication Bazar has secured INR 7 Cr in a seed funding round, led by Inflection Point Ventures. The New Delhi-based startup plans to deploy the fresh proceeds for team expansion, enhancing technology and scaling operations.
08/08/2022

PE-Backed Northern Arc Snags USD 25 Million From Proparco

Private equity-backed debt financier Northern Arc Capital Ltd has raised USD 25 Million in external commercial borrowings (ECB) from AFD Group’s private sector financing arm, Proparco. The long-term funding will be used by Northern Arc (formerly IFMR Capital Finance) to serve MSMEs and women entrepreneurs
08/08/2022

Dry Fruit Brand Farmley Raises Series A Funding From DSG, Alkemi, Others

Nuts and dry fruit startup Farmley has secured USD 6 Million as a part of its Series A funding round co-led by Singapore-based venture capital firm DSG Consumer Partners and Alkemi Ventures with existing investors Omnivore, Insitor Partners and other angel investors.
08/08/2022

UpGrad Pockets USD 210 Million In Fresh Funding

Upskilling unicorn upGrad has secured USD 210 Million in a fresh round of funding from a clutch of investors including ETS Global, Bodhi Tree (a JV of James Murdoch and Uday Shankar) and Singapore’s Kaizen Management Advisors. The round also saw participation from Bharti Airtel’s family office, Narotam Sekhsaria Family […]
08/08/2022

Vaccine Maker Biological E, Kotak PE, Others Invest In Eyestem

Cell therapy startup Eyestem Research has raised Series A funding of USD 6.4 Million from Biological E Limited, Alkem Labs, Natco Pharma and promoters of Kemwell Biopharma and also saw participation from existing investors like Endiya Partners and Kotak Private Equity
04/08/2022

Tiger Global-Backed Packaging Startup Bizongo Secures USD 25 Million To Offer Supply Chain And Credit Solutions To Businesses

B2B packaging startup Bizongo has secured USD 25 Million from Liquidity Group’s fund— Mars Growth Capital. Bizongo will use the capital to expand its footprint in Southeast Asia and grow its customer base for supply chain business.
03/08/2022

Fintech SaaS Startup Bluecopa Raises Funding To Help High-Growth Companies Automate Finance Operations

Fintech SaaS startup Bluecopa has raised USD 2.3 Million in its seed funding round led by Blume Ventures. Titan Capital, T-Fund, Speciale Invest, Bharat Founders Fund, T2D3, Amplify, and Force Ventures and individual investors including Krish Subramanian and Rajaraman Santhanam from Chargebee, Rohit Chennamaneni from Darwinbox, and Asad Khan and […]
03/08/2022

ICICIdirect Acquires Investment Content Community Startup Multipie

ICICIdirect has acquired web and app-based investment content community startup Multipie. As part of the deal, ICICIdirect will acquire Multipie’s app, technology, brand, domain name and user base. In addition, Multipie’s core team including content and tech teams will also join ICICIdirect.
03/08/2022

Kotak’s alternative asset arm floats INR 1,500 Cr fund to invest in other PEs, VCs

With a minimum investment ranging between USD 5-15 Million, the fund’s objective is to diversify across PE/VC funds in multiple sectors, including consumer, technology, healthcare, financials, etc, as well as across multiple stages – including early, growth and late-stage investments.
03/08/2022

Ottonomy.IO raises seed funding led by pi Ventures

Ottonomy.IO, a deep tech startup focused on robotics, has raised USD 3.3 Million in its seed funding round led by pi Ventures with participation from Connetic Ventures, Branded Hospitality Ventures and the founder and chief executive of Addverb Technologies, Sangeet Kumar.
03/08/2022

LC Nueva, Capital A, others invest USD 10 Million in fintech startup Credit Fair

Fintech lender Credit Fair has secured USD 10 Million in a mix of equity and debt as part of its extended seed round from LC Nueva Investment Partners and also saw participation from Capital A, Sattva family office, Nitesh Damani of Khel Group and Nikhil Chandra Gupta, apart from existing […]
03/08/2022

Google, Rakuten Capital, others invest USD 12 Million in payments firm Twid

Twid, a payments platform that allows its users to pool and redeem rewards from the subscribed programs has secured USD 12 Million in a Series A funding round led by Rakuten Capital and also saw participation from Google, ICMG Partners, JAFCO, January Capital, Reddy Futures etc
03/08/2022

Hospitality startup Brevistay, logistics firm Omnivio raise early-stage funding

Gurugram-based room booking platform Brevistay has raised INR 3 Cr as a part of its seed funding round led by Indian Angel Network. The startup will use the fresh funds to develop its customers and hotels ecosystem.
03/08/2022

Accel, Nexus backs fintech Jify with USD 10 Million cheque

Fintech startup Jify has raised USD 10 Million in a Series A round, led by Accel and Nexus Venture Partners. Jify aims to solve liquidity mismatch across blue-collar, grey-collar, and white-collar workers, for many of whom this is a recurring need.
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