Archive News


Japan’s MonotaRO invests USD 15 Million in JV with

MonotaRO Co Ltd, Japan’s largest MRO B2B ecommerce company, has invested USD 15 million in a joint venture with Emtex Engineering to grow the latter’s SME (small and medium enterprises) ecommerce business in India. MonotaRO will own 51.6 percent stake in the JV, IB monotaRO Pvt Ltd, while the rest […]

Delhi-based MobiGarage raises pre-Series A round from US-based SOSV

Delhi-based MobiGarage, a mobile hardware and service platform, has raised an undisclosed amount of funding in its ongoing pre-Series A round from the US venture capital fund SOSV.

Chiratae leads seed funding in healthcare startup WeInnovate Biosolutions

Venture capital firm Chiratae Ventures has led an undisclosed seed investment in infection prevention and control startup WeInnovate Biosolutions Pvt. Ltd. The startup was part of Chiratae’s DeepTech Innovators program.

Insurance-tech startup i3 Systems raises USD 1.5 Million from Unitus Ventures, others

Mumbai-based insurance-tech startup i3 Systems has raised USD 1.5 million from Unitus Ventures in a pre-Series A round of funding. Reliance Industries CFO Alok Agarwal and Zhooben Bhiwandiwala, President, Mahindra Partners co-invested along with Unitus Ventures.

Unacademy acquires test preparation startup Coursavy

Unacademy has acquired test preparation startup Coursavy for an undisclosed sum, as the SoftBank-backed education technology platform looks to strengthen its position in the Union Public Service Commission (UPSC) examinations category.
25/09/2020 raises USD 1.5 Million seed round led by Lightspeed Ventures, the Bengaluru-based AI-led synthetic media production startup, has raised USD 1.5 million in seed funding led by Lightspeed Ventures and AV8 Ventures.

Twitter-backed ShareChat nets USD 40 million to boost short video platform Moj

Mohalla Tech Pvt. Ltd, which operates social networking and content platform ShareChat, has raised USD 40 million in a pre-Series E funding round from a clutch of investors. Hero MotoCorp Ltd chairman Pawan Munjal and DCM Shriram chairman Ajay Shridhar Shriram, who invested through the family office of the company’s […]

EduGorilla raises more capital to take the guesswork out of test prep for govt jobs

Lucknow-based EduGorilla Community, which operates an eponymous online test preparation platform for government jobs, has raised INR 5.3 crore as part of an extended seed round from early stage investment firm Auxano Trust. Investors from angel networks SucSEED Venture Partners, TiE Pune Angels and Venture Garage participated in this round.

Hopscotch raises USD 25 million from EE Capital, others

Hopscotch, a fast-fashion kids’ clothing brand, has raised USD 25 million from Facebook co-founder Eduardo Saverin’s investment arm EE Capital, Lionrock Capital, Rise Capital, RPG Ventures and IIFL Seed Ventures Fund, at a time of rising investor in new-age consumer brands. Angel investors including Wei Yan, the cofounder of, […]

Servify raises USD 23 million financing led by Iron Pillar

Device lifecycle management platform Servify has raised USD 23 million in Series C funding, led by existing investor Iron Pillar, along with participation from Blume Ventures, Beenext, Tetrao SPF and Trifecta Capital. New investors in the round include asset management firm 57 Stars, DMI Finance’s investment arm Sparkle Fund, Silicon […]

Bharti Airtel picks up stake in cloud telephony-focussed AI platform Waybeo

Telecommunications major Bharti Airtel Ltd has acquired a 10% stake in Waybeo Technology Solutions Pvt. Ltd, making the Thiruvananthapuram company its latest bet via its Airtel Startup Accelerator Program.
23/09/2020 raises INR 5 crore led by Venture Catalysts, a platform that connects influencers to brands, has raised INR 5 crore from investors led by Venture Catalysts along with a clutch of angels including Samrath Bedi, managing director of Forest Essentials; Sandeep Aggarwal, founder, and others.

Melorra raises USD 12.5 Million from Symphony Asia, Lightbox Ventures, Alteria Capital, others

Melorra, a Bengaluru-based jewellery startup, has raised USD 12.5 million in funding from Symphony Asia, Lightbox Ventures and Alteria Capital. Others who participated in the round included existing and new family offices of Burman, Jeejeebhoy and others.

BYJU’S raises funds from BlackRock, Sands Capital, others

Edtech major BYJU’S had raised an undisclosed funding from BlackRock, Sands Capital, and Alkeon Capital. Existing investors General Atlantic, Owl Ventures, and Tiger Global also participated in this round.

Healthcare Startup BestDoc Raises USD 2.1 Million From Accel Partners, Arkam Ventures

BestDoc, a Kerala based healthtech SaaS startup, has raised USD 2.1 Million in a Pre-Series A round from Accel Partners and Arkam Ventures. Bengaluru-based SEA Fund, an existing investor also participated in this round.

Mumbai-based startup Onsitego raises USD 10 Million from IFC

After-sales services startup Onsitego has raised an additional USD 10 million in its Series B round from IFC. The first part of the round was led by Zodius, with participation from existing investor Accel Partners, in February this year. Onsitego raised a total of USD 30 million in the Series […]

Times Internet-backed Classplus secures INR 75 crore in fresh funding

Education-technology platform Classplus has raised a little over INR 75 crore as part of a new funding round from investors including Alpha Wave Incubation and existing backers RTP Global and Blume Ventures.

Chicago-based Creation Investments leads funding for Vivriti Capital

Non-bank lender Vivriti Capital Pvt Ltd has raised INR 100 crore as part of its Series B funding round. This exercise has been led by existing backer Creation Investments.

Samara Capital, Amazon infuse INR 275 crore in supermarket chain More

Witzig Advisory Services, the holding company of More supermarket chain, has raised INR 275 crore from ecommerce major Amazon and private equity firm Samara Capital.

Skincare startup mCaffeine raises Rs 42 Cr in Series B round from Amicus Capital, others

Mumbai-based company Pep Technologies, which owns skincare brand mCaffeine, has raised INR 42 crore in a Series B round from Amicus Capital, along with RPSG Ventures, and Aman Gupta, Founder of Boat Audio. Its existing investor Telama Investments also participated in the round.

Business process automation startup Precily gets seed funding

Palo Alto- and New Delhi-based Precily Inc., a software-as-a-service (SaaS) platform focussed on automating legal and taxation business functions, has raised an undisclosed seed capital led by Windrose Capital.

Indian mobile gaming platform Mobile Premier League raises USD 90 million

Mobile Premier League (MPL) has raised USD 90 million in a new financing round led by SIG, early-stage tech investor RTP Global, and MDI Ventures with participation from existing investors Sequoia India, Go-Ventures, and Base Partners.

Indore-based conversational AI startup GenieTalk raises USD 750,000

Conversational AI startup GenieTalk has received its first round of angel investment of USD 750,000 from Shankeshwar Technologies LLP at a valuation of USD 10 million.

Prime Venture Partners finds ninth SaaS investment in Zuper

Early stage venture fund Prime Venture Partners has led a USD 1.1 million seed funding round in workforce management software services provider Zuper.Other investors in the round were Gunderson Dettmer and Gemba Capital.