Archive News

18/08/2020

Lightspeed raises USD 275 million fund for India

Lightspeed India Partners has closed USD 275 million from LPs for its third fund as the top American venture firm looks to ramp up its investments in the world’s second-largest internet market. The new fund, its biggest for India, will enable Lightspeed India Partners to make early stage bets on […]
18/08/2020

Mitron raises USD 5 Million led by Nexus Venture Partners

The Indian short-form video app Mitron, has raised USD 5 million in funding led by Nexus Venture Partners. The round also saw participation from existing investors 3one4 Capital and Arun Tadanki’s private syndicate on LetsVenture.
18/08/2020

Toppr backer Foundation Holdings bets on GrayQuest Education Finance

GrayQuest Education Finance Pvt Ltd, a financial-technology company focussed on education fees, has raised USD 1.2 million in a pre-Series A funding led by UAE-based Foundation Holdings, a multi-family office investment firm which focusses on education and health.
18/08/2020

South Korea’s KTB leads Series A funding for lifestyle community commerce platform Trell

Trell Experiences Pvt Ltd, which operates a lifestyle community commerce platform, has raised USD 11.4 million in a Series A funding round led by KTB Network, a South Korean financial services group. Other participants in the round include Samsung Ventures, Sequoia accelerator programme Surge, Fosun RZ Capital, and WEH Ventures.
18/08/2020

Artha Venture Fund leads pre-Series A funding round for food-tech startup Daalchini

Daalchini Technologies Pvt Ltd, which operates vending machines that offer food, has raised INR 5 crore in its pre-Series A funding round led by existing investor Artha Venture Fund.
18/08/2020

Teachmint gets funding from Better Capital, Snapdeal founders’ Titan Capital

Teachmint Technologies Pvt Ltd, which operates an education-technology startup focussed on tutors and tutor-student connectivity, has raised an undisclosed funding led by early-stage investor Better Capital, with participation from Titan Capital.
18/08/2020

Ankur Capital leads pre-Series A funding in fish and seafood supplier Captain Fresh

Infifresh Foods Pvt. Ltd, which operates seafood-focussed business-to-business (B2B) startup Captain Fresh, has raised USD 2.3 million in pre-Series A funding led by Ankur Capital. Incubate Fund India and some Silicon Valley-based angel investors also participated in the round.
17/08/2020

DEAL ANNOUNCEMENT: Content management startup Text Mercato raises funding via Enablers

Bengaluru-based Text Mercato Solutions has raised a funding round of Rs. 4.85 crs. led by 1Crowd. Hong Kong based startup accelerator Betatron, and few individual investors including former CEO of HSBC Africa Andrew Dell and Sequent Software CFO Raaj Shah also participated in the round. ValPro’s startup advisory vertical, Enablers, […]
17/08/2020

Anchanto raises USD 12.1 Million in Series C round

Anchanto, a Singapore and India-based B2B software-as-a-service (SaaS) startup specialising in ecommerce technology, has raised USD 12.1 million in its ongoing Series C round. The investors in this funding round included Asendia, a joint venture of the French National Post La Poste and State-run Swiss Post, and MDI Ventures, the […]
17/08/2020

Gaming, interactive media-focussed Lumikai floats VC fund

Lumikai, a New Delhi-based venture capital firm focussed on gaming and interactive media, has floated an early-stage fund to back local companies. The fund says it is backed by investors from across the world, including gaming and technology companies from Japan, Finland, the US and South Korea.
17/08/2020

Sequoia invests in coding-focussed ed-tech startup

Sequoia has invested around INR 3-4 crore in Pune-based Gunakar Pvt Ltd, which operates under the brand Plezmo. Plezmo has developed a platform consisting of intelligent wireless devices and coding apps to engage children in learning.
14/08/2020

Affle to acquire 8% stake in indigenous social keyboard provider Bobble AI

Mobile advertisement firm Affle, will acquire 8 per cent stake in indigenous social keyboard provider Bobble AI for INR 19.8 crore.    
14/08/2020

Turbostart to invest up to INR 50 Crore in 25 startups

Business accelerator firm Turbostart, announced the second series of funding round, Cohort II, with a INR 50 crore corpus for startups. The accelerator will select 25 startups in this round, beginning from August 15, and fund up to INR 2 crore to each of the entities.  
14/08/2020

Mumbai Angels Network, GHV Accelerator bet on DaveAI

DaveAI, an artificial intelligence-based sales augmentation platform, has raised seed funding from investors led by the Mumbai Angels Network. GHV Accelerator, IIIT Technology Venture Partners and Mohan Kumar, CEO of Crestere Technologies, also participated in this round.  
14/08/2020

Food-tech firm HungerBox raises fresh funding from Paytm, other existing backers

Eatgood Technologies Pvt Ltd, which operates business-to-business food-technology startup HungerBox, has raised INR 11.67 crore funding from investors including One97, Sabre Partners Trust, Pratithi Investment Trust, and Singapore-based Srihari Kumar.  
13/08/2020

Fintech startup Eduvanz raises USD 5 Million in Series A led by Sequoia India

Eduvanz, a new-age digital finance NBFC that claims to provide affordable and convenient education loans, has raised USD 5 million in Series A funding, led by Sequoia India. Existing investors Unitus have also participated in this round.  
13/08/2020

Edtech firm upGrad secures debt funding from IIFL fund

Edtech firm upGrad Education Pvt Ltd, which offers online learning programmes for working professionals, has raised INR 50 crore in debt financing, from IIFL Income Opportunities Fund.  
13/08/2020

Digital lender ZipLoan secures debt funding from Strides Ventures

Online lending platform ZipLoan has raised INR 15 crore in debt funding from Strides Ventures.  
13/08/2020

NoBroker, Moglix backer Rocketship.vc raises USD 100 mn for second fund

Silicon Valley-based early-stage venture capital firm Rocketship.vc, which has invested in Indian startups such as NoBroker and Moglix, has raised USD 100 million for its second fund that will invest globally.  
13/08/2020

Agri-tech startup BigHaat snags pre-Series A funding

BigHaat Agro Pvt. Ltd, which operates an online agricultural inputs platform, has raised INR 14.93 crore in a pre-Series A funding round. The round in the Bengaluru-based agri-tech startup has been led by Japan’s Beyond Next Ventures, with participation from Rockstud Capital, existing investor Ankur Capital and other angel investors. […]
13/08/2020

Fintech startup CityCash pulls in seed funding from Orios Venture Partners

CityCash, a public transit-focused offline and contactless payments company, has raised USD 1 million in seed funding from early-stage venture capital firm Orios Venture Partners.  
13/08/2020

Beenext, Rainmatter Capital bet on ed-tech startup Terra.do

Terra.do Inc., which operates an online climate school, has raised INR 10 crore in seed funding led by a few early-stage investment firms. The company raised the capital from Singapore-based venture capital firm Beenext, technology-focused fund Rainmatter Capital and Stanford Angels & Entrepreneurs (India).  
13/08/2020

Sequoia India leads Series A funding in Singapore startup IncomLend

Incomlend Pte Ltd, which operates a platform focussed on trade finance and global invoice trading, has raised $20 million (Rs 150 crore) in a Series A funding led by Sequoia Capital India, marking the latest investment in a Southeast Asian startup by the domestic arm of the global venture capital […]
11/08/2020

ConveGenius buys learning assessment platform Gray Matters India

Noida-based edtech social enterprise ConveGenius has acquired education assessment and analytics platform Gray Matters India (GMI). Financial details of the deal have not been disclosed.  
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