Archive News

15/09/2020

CashKaro raises USD 10 Million in Series B round led by Korea Investment Partners

CashKaro, a Gurugram-based cashback and coupons site, has secured USD 10 million in Series B funding round led by Korea Investment Partners (KIP) and existing investor, Kalaari Capital.
15/09/2020

Used car leasing startup PumPumPum raises INR 2 Crore in debt

Gurugram-based startup PumPumPum, which offers used car leasing in the corporate and retail segment, has raised INR 2 crore in debt funding from ICICI Bank, Canara Bank, and Kogta Financials.
15/09/2020

Risk management startup SignalX secures USD 750K investment from 3Lines Venture Capital

Hyderabad-based AI-powered governance risk management and compliance startup SignalX, has raised USD 750,000 in investment in a funding round led by 3Lines Venture Capital, a US-based early-stage VC.
15/09/2020

Dubai family office leads pre-Series A funding for children clothing brand Cub McPaws

Pochemuchka Kids Pvt Ltd, which operates children-focussed clothing brand Cub McPaws, has raised INR 5.88 crore pre-Series A funding from a clutch of investors based in Dubai, India, Japan, and the United States. A Dubai-based global family office led the round.
15/09/2020

Abu Dhabi fund Alpha Wave leads funding for e-commerce platform Foxy

EkAnek Networks Pvt Ltd, which operates personalised e-commerce platform Foxy, has raised INR 40 crore in a Series A1 investment round led by Alpha Wave Incubation. Other participants in this round includes Matrix Partners India, Sequoia Capital India and Lightspeed India.
15/09/2020

Dream11 parent secures USD 225 million in fresh funding

Dream Sports, the parent company of India’s leading online fantasy sports company Dream11, secured fresh funding of $225 million from Tiger Global Management, TPG Tech Adjacencies (TTAD), ChrysCapital and Footpath Ventures. The funding, which is largely secondary in nature with a smaller primary component.
14/09/2020

B2B platform CustomFit.ai raises pre-seed funding

Valley Monks Pvt Ltd, which operates business-to-business (B2B) website personalisation platform CustomFit.ai, has raised an undisclosed funding in a pre-seed round led by Java Capital. Other participants in this round include micro-venture capital firm Upsparks, FirstCheque and others.
11/09/2020

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.
11/09/2020

Zomato pockets USD 100 million cheque from Tiger Global

Food delivery company Zomato Media Pvt. Ltd has raised USD 100 million from US-based investment firm Tiger Global Management LLC as it continues to secure capital to ride out the coronavirus crisis.The transaction has been sealed at a post-money valuation of USD 3.3 billion for Zomato.
11/09/2020

Ed-tech startup SOAL snags funding from Munjal Auto promoters’ investment arm

Skills-focussed education-technology startup SOAL (School of Accelerated Learning) has raised an undisclosed funding from SARA Investments, the investment wing of the promoters of Munjal Auto Industries Ltd.
11/09/2020

SRI Capital leads seed funding for food-trend spotter Spoonshot

Spoonshot Inc. a platform that spots and predicts food trends, has raised USD 1 million in seed funding led by SRI Capital.
10/09/2020

Acko puts USD 1.2 million in Pitstop

Insurtech firm Acko, which specialises in auto insurance, has invested USD 1.2 million in car service and repair platform Pitstop as part of its strategy to improve customer engagement and smoothen the claim settlement process.
10/09/2020

Groww raises USD 30 Million in Series C round led by YC Continuity

Groww, the Bengaluru-based investment management startup, has raised USD 30 million in Series C funding led by YC Continuity, making it the first investment by the investment firm in India. The round also saw participation from Sequoia India, Propel Ventures, and Ribbit Capital.
10/09/2020

Fintech startup Market Pulse raises USD 750K in pre-Series A round

Market Pulse, a Mumbai-based market analysis platform that helps people navigate through and profit off financial markets, has raised USD 750,000 in pre-Series A round of funding. The round was led by HNI investors Ameet Desai (Founder, Anubhuti Advisors LLP and Ex-Group CFO, Adani Group), Aditya Goel (Director, Securcap, UK), […]
10/09/2020

Video customer experience platform Hippo Video raises USD 4.5 Million in Series A round

Hippo Video, a cloud-based video CX platform, has raised USD 4.5 million in Series A funding. The investment round was led by Alpha Wave Incubation (AWI) and Exfinity Venture Partners. Existing investors Sequoia Capital India’s Surge and KAE Capital also participated in this round.
10/09/2020

Rainmatter Capital leads investment in child-focussed learning firm QShala

Walnut Knowledge Solutions Pvt Ltd, which operates child-focussed learning firm QShala, has raised INR 2.7 crore in angel funding.The round has been led by Rainmatter Capital, the startup incubator and fund backed by trading platform Zerodha. Other participants in the round include Mindtree co-founder Kalyan Banerjee, former Lowe Lintas director […]
10/09/2020

Diagnostics-focussed startup ConnectedH raises seed funding

Leading Bird Web Services Pvt. Ltd, which operates diagnostics-focussed startup ConnectedH, has raised seed funding from a clutch of investors. Participants in this round include First Cheque, Sprout Investments PointOne Capital and others.
10/09/2020

Lightspeed leads Series B funding for Hasura

San Francisco- and Bengaluru-based startup Hasura Inc., which operates a developer-focussed tooling products startup, has raised USD 25 million in a Series B funding round led by Lightspeed Venture Partners, with participation from existing investors including Vertex Ventures, Nexus Venture Partners, Strive VC and the SAP.iO Fund.
09/09/2020

Melorra Raises USD 8.9 Million Led by Shadow Holdings

Indian fine jewellery brand Melorra is raising USD 8.9 Mn in debt funding led by Shadow Holdings. Lightbox and Embassy Group’s CFO Gopinath Ambadithody also participated in this round.
09/09/2020

Silver Lake in USD 500 million round, Byju’s valued USD 10.8 billion

Technology-focused US private equity firm Silver Lake has led a fresh USD 500 million funding round in Byju’s, valuing the education technology company at about USD10.8 billion. Existing investors Tiger Global, General Atlantic and Owl Ventures also participated in the investment.
09/09/2020

Inflexor marks first close of early-stage venture capital fund

Inflexor Ventures, an early-stage venture capital firm, has marked the first close of a technology-focussed fund at INR 230 crore. The fund will be sector-agnostic and invest from the pre-Series A to Series A stages and beyond in startups operating in the business-to-business and enterprise segments. Initial cheque sizes will […]
08/09/2020

StartupXseed makes first close of INR 150 crore fund-II

StartupXseed Ventures has made the first close of its new investment vehicle at INR 65 crore and expects to raise its full INR 150 crore corpus over the next 6-9 months. It will focus on placing bets across deep technology, including, semiconductor, cyber security, drone and aerospace sectors. It will […]
08/09/2020

Deepsync Technologies raises fresh capital from angel investors

Chandigarh-based Deepsync Technologies, which allows users to clone their voice to augment content production through Artificial Intelligence (AI), has raised about USD 300,000 from three angel funds – Anicut Angel Fund, 9Unicorns and Firstcheque.
08/09/2020

Endiya Partners-backed electric mobility firm Cell Propulsion raises pre-Series A funding

Bengaluru-based Cellprop Pvt. Ltd, which operates electric vehicle parts- and ecosystem-focussed Cell Propulsion, has raised pre-Series A funding led by early-stage investor GrowX Ventures and clean mobility-focussed seed fund Micelio. Existing investor Endiya Partners also took part in the funding round.
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