Archive News


Origo Commodities raises USD 11m from impact investor Oikocredit, others

Origo Commodities, which provides post-harvest agriculture supply chain financing and logistics solutions, has raised USD 11 million in funding from impact investors Oikocredit, Caspian SME Impact Fund IV and Triodos Investment Management through its Hivos-Triodos Fund.

Indian Angel Network invests in electric vehicle startup Strom Motors

Mumbai-based electric vehicle startup Strom Motors, run by E14 Technologies Pvt Ltd, has raised an undisclosed amount of angel funding from Indian Angel Network (IAN).

SAR Group’s VC arm bets on dosa machine maker Mukunda Foods as IAN exits

Mukunda Foods Pvt Ltd, which manufactures tabletop dosa-making machines, has received a strategic investment from Ncubate Capital Partners, the venture capital arm of Gurugram-headquartered SAR Group.

RIL subsidiary invests USD 8 million more in automotive AI startup NetraDyne

Reliance Industries Ltd (RIL) has invested USD 8 million in San Diego-headquartered NetraDyne Inc, an artificial intelligence (AI) start-up, through its wholly owned subsidiary, Reliance Industrial Investments and Holdings Ltd (RIIHL).

Eight Roads, Fundamentum invest in PharmEasy’s extended Series C round

Mumbai-based 91 Streets Media Pvt Ltd, which operates online drug delivery platform PharmEasy, has raised USD 50 million in an extended Series C round led by new investor Eight Roads Ventures.

SAIF Partners leads funding round in infrastructure intelligence firm Sensehawk

Infrastructure intelligence platform Sensehawk Technologies Pvt Ltd has raised USD 2 million in a Series A round led by venture capital and growth equity investment firm SAIF Partners.

IDG Ventures invests in Delhi-based fertility services aggregator

IDG Ventures India and Alkemi Venture Partners have infused around INR 13 crore into fertility services provider Treemark Solutions Pvt Ltd, which operates under the brand name Elawoman.

Bertelsmann India, Vertex lead Series C investment in meat e-tailer Licious

Bengaluru-based Delightful Gourmet Pvt Ltd, which operates online meat and fish ordering platform Licious, has secured USD 25 million in a Series C funding round led by Bertelsmann India Investments and Temasek-backed Vertex Ventures Southeast Asia and India.

Mumbai Angels Network invests in healthcare startup Docturnal

Docturnal Pvt Ltd, a healthcare startup focused on non-invasive screening solutions for tuberculosis, has raised an undisclosed sum from Mumbai Angels Network.

Japanese investors Spiral Ventures and Mynavi back startup studio T9L

Venture builder T9L Technologies has raised an undisclosed amount from Japanese venture capital firm Spiral Ventures and Mynavi Corp, Japan’s biggest recruitment information provider for graduates.

Bharti Airtel invests in Vikram Chandra’s news video app

Mobile-phone operator Bharti Airtel Ltd has invested INR 20 crore in a news video app, Editorji Technologies Pvt Ltd , started by veteran journalist and former NDTV chief executive Vikram Chandra.

Sequoia leads funding round in student accommodation startup Stanza Living

Delhi-based student accommodation platform Stanza Living has raised INR 73 crore in a fresh round led by global venture capital firm Sequoia India.

Venture debt firm InnoVen Capital invests in two-wheeler rental firm Bounce

Bengaluru-based Wickedride Adventure Services Pvt Ltd, which operates dockless scooter sharing platform Bounce, has raised USD3 million in venture debt from InnoVen Capital.

Multiples PE-backed Natco Pharma bets on seeds maker

Hyderabad-based drugmaker Natco Pharma Ltd has acquired a minority stake in a south India-based seeds manufacturer Veda Seed Sciences Pvt Ltd.

Lightspeed India-backed Fastfox seeks to raise USD 10 million Series B funding

Gurugam-based home rental marketplace Fastfox is in advanced talks to raise a USD 10 million Series B round from new investors, including venture capital and private equity firms.

Nexus Venture Partners bets on fintech startup

Venture capital firm Nexus Venture Partners has invested INR 23 crore in financial and marketing technology firm Goals101.

Former Reliance JioGenNext execs float tech VC fund

Rajiv Vaishnav and Abhishek Prasad, former employees of GenNext Hub run by Reliance Industries Ltd, are raising capital for their debut venture capital fund, which will invest in early-stage technology startups.

Swiss investor leads Series C funding round in Ummeed Housing Finance

Delhi-based Ummeed Housing Finance Pvt Ltd has raised INR 60 crore from Zurich-headquartered LGT Impact and INR 5 crore from existing social-impact investor Lok Capital in a Series C round.

Fresh produce distribution startup Waycool set to raise bridge round

Waycool Foods and Products Pvt Ltd, which operates omnichannel fresh produce distribution platform Waycool in, is in advanced talks to raise a bridge round of funding from Impact investment firm Aspada Investment Advisors.

Health-tech startup CareStack raises USD 16 million led by Accel, F-Prime, Eight Roads

Florida and India-based CareStack, a cloud-based technology platform for the dental industry, has raised USD 16 million in a funding round led by Accel, F-Prime Capital Partners, and Eight Roads Ventures.

Leena AI secures USD 2 million seed funding from Snapdeal co-founders, Elad Gil

Leena AI has secured USD 2 million seed funding from Snapdeal co-founders, Elad Gil.

Pi Ventures raises final tranche of USD 31 million first fund to invest in deep tech startups

Early-stage venture fund pi Ventures, which invests in artificial intelligence- and (IoT) startups, has raised the final tranche of its INR 225 crore first fund, which will invest in deep-tech startups over the next four years.

Ramesh Damani backs equity market analysis app StockEdge

Kolkata-based Kredent Infoedge Pvt Ltd, which operates the StockEdge mobile app for equity research and analytics, has raised an undisclosed amount in pre-Series A funding from ace investor Ramesh Damani.

Iba Halal care gets USD 3 million from Addvantis

Iba Halal Care, India’s only Halal-certified cosmetics brand, has raised USD 3 million in Series-A funding from Addvantis Enterprises, a Bengaluru-based startup selling herbal cosmetics under the Vedaearth brand.