Archive News


Zoomcar Gets USD 5.5 Million Infusion From Its US-Based Parent Company

Indian self-drive car rental company Zoomcar has raised another USD 5.5 Mn from its US-based parent company Zoomcar Inc. According to the company’s regulatory filing with the ministry of corporate affairs, Zoomcar has allocated 82,566 equity shares to Zoomcar Inc at a face value of INR 10 each

Myelin Foundry raises USD 1 Million in Pre Series A Funding

Myelin Foundry Pvt Ltd, which operates an eponymous deep-tech platform focused on streamlining content creation has raised USD 1 million in its pre-Series A round of funding led by Beyond Next Ventures and also saw participation from existing investor Endiya Partners

9Unicorns led funding in EV mobility Solution Company

9Unicorns, the venture fund set up by incubator and accelerator Venture Catalysts has led an undisclosed pre-Series A round of funding in electric vehicle (EV) mobility solutions provider ElecTorq. The round also saw participation from AdvantEdge Founders and Renew Power founder Sumant Sinha

Hospitality Solutions company Upswing raises funding from Framed Venture

Upswing Cognitive Hospitality Solutions, a predictive data solutions startup for the hospitality and travel industry, has raised an undisclosed amount in a seed round from Australian private investor Framed Venture Capital
13/05/2021 raised seed round from Matrix and Elevation capital, a professional services automation and remote monitoring and management platform, has raised $3 million in its seed round of funding. Multi-stage investor Elevation Capital and Matrix Partners India co-led the round. Several angel investors also participated

Tiger Global-backed Chaayos raises venture debt from new investor

Sunshine Teahouse Pvt. Ltd, which runs tea café chain Chaayos, has raised USD 21.5 million in a Series B2 round led by San Francisco-based investment firm Think Investments, Innoven capital and also saw participation from existing investors Tiger Global Management, SAIF Partners, Hong Kong-based Integrated Capital.

Angels back video analytics startup Pixuate

Bengaluru based Cocoslabs Innovative Solutions, which runs intelligent video analytics startup Pixuate has raised an undisclosed sum from Mumbai Angels Network, IIM Ahmedabad’s startup incubator CIIE.CO, and a group of undisclosed angel investors.

WFC leads funding round in Geekster

Gurugram based QuantumBit Technologies, which runs integrated ed+hr tech platform Geekster has raised USD 200,000 in a funding round led by We Founder Circle (WFC) with participation from ah! Ventures. The capital will be utilized to launch new skill development programs and accelerate product development and marketing efforts

Falcon Edge arm leads USD 28 Million round in social commerce platform DealShare

Jaipur-based Merabo Labs, which runs social commerce platform DealShare, is set to raise USD 28 Million in a fresh round of funding from Matrix Partners India, Falcon Edge Capital, and WestBridge Capital

HDFC Bank Acquires Stake In Govt’s Rural Ecommerce Venture Grameen E-Stores

Mumbai-headquartered Indian banking and financial services company HDFC Bank has bought 1.5% stake in State-run CSC Grameen e-Store for an undisclosed amount.

Groww Acquires Indiabulls’ Mutual Funds Business For INR 175 Crores

India’s latest wealth management unicorn Groww has announced the acquisition of Indiabulls Asset Management Company Limited (IAMCL) and its trustee Indiabulls Trustee Company Limited for INR 175 Crores. The acquisition is subject to the approval of market regulator Securities and Exchange Board of India (SEBI)

Deeptech Startup Cron AI Bags USD 4 Million To Develop 3D Sensor Technology

Indian 3D data-adaptive edge-processing platform Cron AI has raised USD 4 Million in its Series A funding round led by VenturEast and Kitaki Ventures. Existing investor YourNest Venture Capital also participated in the round

Sitics Logistic Solutions acquires Quifers

Sitics Logistic Solutions has announced the acquisition of a majority stake in Quifers, a logistics-tech startup. The companies aim to unlock cross-selling and upselling opportunities as the combined entity would be able to offer a comprehensive package, which includes fulfillment and technology.

EdTech SAAS startup Ingenium raised seed round

India Accelerator-backed ed-tech startup Ingenium has raised an undisclosed sum from iAngel Network, Lead Angels, and Indian Angel Network (IAN), among others. Angel investor and former AVP of investments at HT Media, Anshu Gupta, also participated in the round through iAngel Network
12/05/2021 raised funding from AppItSimple in a strategic round

Ahmedabad-based IT firm AppItSimple, which offers CallHippo and SoftwareSuggest has invested USD 200,000 in Enthu.AI which is agent evaluation and performance management software. Ankit Dudhwewala, the founder of AppItSimple, has also invested in his personal capacity.

Locobuzz gets pre series A funding from SIDBI Venture Capital

Locobuzz Solutions, a Mumbai-based digital customer experience SaaS platform has raised INR 9 crores in a pre-Series A round from Maharashtra State Social Venture Fund of SIDBI Venture Capital Ltd. The funds will be utilized to enhance technological capabilities and scale up the team across functions

GSF Accelerator leads funding round in Eekifoods

Gurugram based agritech startup Eekifoods has raised an undisclosed amount from Naho Shigeta, founder and CEO of InfoBridge Holdings; Shalin Sanjay Shah, director at Core91 VC; and an anonymous Gulf-based syndicate and also saw participation from existing investor Sumit Jain

Fuel delivery startup FuelBuddy buys YC backed peer MyPetrolPump

Treis Solutions, which operates an on-demand fuel delivery service called FuelBuddy has acquired Bengaluru-based Y-Combinator backed MyPetrolPump in a cash-and-stock deal. With the deal, FuelBuddy plans to expand into new geographies and onboard customers

Fantasy gaming startup HalaPlay raises INR 9 Crores from serial entrepreneur Milan Ganatra

Milan Ganatra, founder and former CEO of Miles Software, marked his entry into India’s online gaming ecosystem with an investment in HalaPlay Technologies Pvt Ltd. Milan has invested approximately INR 9 Crores against 6.5 percent equity

Ecommerce enablement startup ANS Commerce has acquired software development firm Asterro

Full-stack e-commerce enablement startup ANS Commerce has acquired Asterro, a software development firm focused on building B2B cloud ERP (enterprise resource planning) products across web and mobile

RuleZero raises funding to enhance technology development and customer deployments

RuleZero, a legal and fintech platform has raised INR 10 crores in seed funding to enhance its technology development and increase customer deployments. The round was led by Rainmatter Capital with participation by Kris Gopalakrishnan, IndusLaw and Reddy Futures LLP amongst others

B2B risk management platform Rubix Data Sciences raised seed round

Rubix Data Sciences, a technology and analytics-based B2B risk management and monitoring platform have raised INR 6.2 crore in its second round of funding. The round saw participation from institutional investor Cactus Venture Partners, family offices, and high net worth individuals (HNIs).

BhartPe continues debt fundraise spree, raises money from Northern Arc Capital

Payments and financial services startup BharatPe have raised USD 7 million from digital debt financing platform Northern Arc Capital. BharatPe has set a target of facilitating disbursals worth USD 1 billion to over 1 million merchants by the end of March next year

Amazon’s India Marketplace Receives INR 915 Crores Investment From Parent Firm

Amazon Seller Services, the marketplace unit of the US-based e-commerce giant Amazon has received a capital infusion of INR 915 Crores.The investment was led by Singapore-based Amazon Corporate Holdings with participation from the parent entity Inc.