Archive News

24/09/2021

Fitness Startup Fittr Raises USD 11.5 Million In Series A To Fuel International Expansion

Pune-based fitness startup Fittr (previously known as SQUATS) has raised USD 11.5 Million in a Series A round led by Dream Capital and Elysian Park Ventures. The round also saw the participation of existing investor Sequoia Capital India’s Surge whereas Ambit acted as the exclusive financial advisor to Fittr.
24/09/2021

Y Combinator Backed Corporate Card Startup Karbon Bags USD 12 Million In Pre-Series A

Bengaluru-based fintech startup Karbon Card has raised USD 12 Million in Pre-Series A round from US-based fintech unicorn Ramp. The investment round also saw participation from Rainfall Ventures, Roka Works and Y Combinator among others
24/09/2021

Veranda Acquires Edureka For INR 245 Cr To Strengthen Edtech Play

The Kalpathi AGS Group-owned Veranda Learning Solutions has acquired Edureka, a live-instructor-led online solutions provider for the IT industry. The 100% acquisition marks Chennai-based Veranda Learning Solutions’ second buyout since December 2020.
24/09/2021

Counselling platform Leverage Edu raises funds from Paytm founder, Oyo exec, others

Leverage Edu, an overseas-focused higher education counseling platform has raised an undisclosed amount of growth capital from Vijay Shekhar Sharma, Rohit Kapoor, Amanpreet Bajaj,Lalit Singh, and Mohit Garg
24/09/2021

Auntie Fung’s raises INR 3.35 Cr in angel funding and plans to open cloud kitchens

Bengaluru-based QSR startup Auntie Fung has raised USD 454,000 in an angel round led by India Angel Network. The round saw participation from Anjali Malhotra, Ajay Rajgarhia, Nitin Jain from Lead Angels, LetsVenture, and Chandigarh Angels, respectively
24/09/2021

Streaming social app Frenzi raises seed round from SucSEED Indovation Fund

Frenzi, a streaming social app has secured an early-stage investment from SucSEED Indovation Fund as part of its seed round
24/09/2021

EV Plugs raises funds to expand EV charging network coverage in 150 plus cities

EV Plugs, a charging station aggregator has raised USD 150,000 in a round led by family and friends. The company will use the funds to expand EV charging network coverage in 150 plus cities
24/09/2021

Equity management platform Rulezero closes seed round at USD 2.5 Million

RuleZero, an equity management platform has raised USD 2.5 million in a seed round from US-based fintech fund The Treasury, employees of Valiant Capital, YourNest Venture Capital, Blume Founders Fund, and a few angel investors
24/09/2021

My3DSelfie raises Pre Series A round from NEDFi

My3DSelfie, a 3D digital asset company has raised an undisclosed amount in a pre-Series A round led by NEDFi Ventures through its North-East Venture Fund and AccelNest
24/09/2021

SME-focused CredRight raises INR 20 Cr from 9Unicorns, Venture Catalyst, others

Hyderabad-based fintech startup CredRight Pvt Ltd has raised INR 20 Cr in a new financing round from 9Unicorns, Spearhead Capital, Venture Catalyst and also saw participation from existing investors YourNest, Accion Venture Labs, and angels.
24/09/2021

Early-stage SaaS-focused Pentathlon Ventures closes maiden fund at USD 10 Million

Pentathlon Ventures, an early-stage B2B SaaS-focused venture capital firm has closed its first fund at INR 76 Cr.The oversubscribed fund plans to invest in over 20 startups in a year and invest between INR 75 lakh-3 Cr in each firm
24/09/2021

Artha Venture Fund launches Artha Access for pre-seed funding in startups

Artha Venture has launched Artha Access which will invest in pre-seed funding rounds via its associations with multiple accelerators across the country. The corpus from its recently closed fund of Rs 225 crore and will invest up to INR 25 lakh in each transaction. Artha Access will invest in 40 […]
23/09/2021

Klub has raised INR 20 Cr in debt financing from Trifecta Capital

Revenue-based financing platform Klub has raised INR 20 Crores in debt financing from Trifecta Capital. The financing will help to scale their technology, product, and assets under management, and serve as a partnership opportunity for both companies to collaborate on various ways to support digital-first companies
23/09/2021

US-based telehealth firm NOCD raises USD 33 Million Series B funding led by F-Prime Capital

US-based NOCD Inc, a telehealth provider for the treatment of obsessive compulsive disorder (OCD) has raised USD 33 Million as part of its Series B funding round led by global venture firm F-Prime Capital. Eight Roads Ventures India, Eight Roads Ventures Europe and Kaiser Permanente Ventures also participated in the […]
23/09/2021

SaaS startup Lio raises USD 5 Million seed funding led by Sequoia Capital and Lightspeed

Lio, a software as a service (SaaS) company, said it has raised USD 5 Million in seed funding led by Sequoia Capital India and Lightspeed India. The company said it will use the investment primarily to expand the engineering team and increase the number of users of the mobile app
23/09/2021

FrontRow raises USD 14 Million in Series A funding led by Eight Roads Ventures and GSV

FrontRow, a learning platform for non-academic skills has raised USD 14 Million round led by Eight Roads Ventures, GSV, and existing investors Lightspeed, Elevation Capital, and others. The round also saw the participation from Vishal Dhadlani, Raftaar, Kunal Shah, Gaurav Munjal, and Farid Ahsan.
23/09/2021

Health-tech startup SiCureMi has raised pre-seed funding round

Health-tech startup SiCureMi has raised USD 425,000 in pre-seed funding through grants from Pfizer India, Sanofi India, BIRAC, C-Camp, COPIC, and RightSide Capital. The funds will be directed towards enhancing research and development, team building, and geographical expansion
23/09/2021

B2B travel startup TravClan raises USD 2.2 Million in pre-Series A round

TravClan, a B2B travel tech platform has raised USD 2.2 Million in a pre-Series A round led by S Korea and Singapore-based TheVentures and existing investor Leo Capital.The company already crossed the pre-Covid revenue mark, and now aims to grow 10x over the next 12 months
23/09/2021

Healthcare AI startup Endimension raises INR 2.3 Cr from Inflection Point Ventures

Endimension, an AI-based healthcare startup has raised INR 2.3 Cr in a seed round from Inflection Point Ventures. The company said the funds will be used to acquire talent for new product development, R&D and for boosting the sales team to fuel further growth
23/09/2021

Bangalore-based startup HappyCredit raises INR 5 Cr in pre-seed round

Bengaluru-based fintech startup HappyCredit has raised INR 5 Cr in a pre-seed funding round from Kunal Shah and Krishna Kumar. The funding round also saw participation from Goodwater Capital, Magic Fund, MyAsiaVC, Alex Lin, Jeremy Cai, Chris, Saad Siddiqui, Andrew Ladouceur, and Charlie Feng
23/09/2021

Medikabazaar ropes in CDC Group and PE fund Creaegis as new backers

Medikabazaar, a business-to-business (B2B) online marketplace for medical supplies has raised INR 443 crores in its latest round of equity funding led by UK’s CDC Group and private equity firm Creaegis Principals. HealthQuad, one of the company’s existing investors, also participated
23/09/2021

Blockchain firm New Street Technologies raises USD 4 Million from Unitus Ventures, others

New Street Technologies a blockchain-tech enabler has raised USD 4 million funding from Vittal Kadapakkam and existing investors including Unitus Ventures and Mohit Davar, chairman of International Association of Money Transfer Network
22/09/2021

Eupheus Learning acquires ClassKlap for USD 19 million

Delhi-based business-to-business edtech company Eupheus Learning, has acquired ClassKlap for USD 19 million in an all-stock deal. Bengaluru-based ClassKlap, which also operates in the B2B edtech segment, is a school-based personalized curriculum program adopted by more than 800 affordable private schools across India.
22/09/2021

Paytm founder, Oyo India and SEA CEO invest in edtech startup Leverage Edu

Study abroad platform Leverage Edu, has raised an undisclosed amount of growth capital from Vijay Shekhar Sharma, Rohit Kapoor, Amanpreet Bajaj and other HNIs.
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