Archive News

14/07/2022

Indian Cricketer Smriti Mandhana Backs D2C Startup Neem Ayu

Indian Women Cricket team’s vice-captain Smriti Mandhana has invested an undisclosed sum in Gurugram-based ayurvedic startup brand Neem Ayu. The startup will use the funds to grow its PAN India presence and expand product offerings.
14/07/2022

Cloud Dental Software Startup CareStack Closes Investment From Straumann Group

India and US-based cloud dental software startup CareStack has closed a strategic equity investment round and commercial partnership with the Swiss dental devices manufacturer Straumann Group. The deal amount is undisclosed so far.
14/07/2022

Credit Card Infra Startup Hyperface Bags USD 9 Million From 3one4 Capital, Others

Hyperface, a credit card-as-a-service startup has announced its USD 9 Million seed fund led by 3one4Capital. The round saw participation from existing investors Global Founders Capital and Better Capital. Flipkart Ventures, Groww and Rebalance Angel Community are the new investors to the startup’s captable
14/07/2022

Delhi-based housing financier Sitara pockets USD 20 Million

Affordable housing lender Sitara has secured USD 20 Million in a mix of primary and secondary investments led by Europe-based NMI and WWB Asset Management. The round also saw participation from existing investors including HDFC Holdings, Oikocredit and Omidyar Network Fund
14/07/2022

Accel-backed Onsitego invests in re-commerce startup Digi2L

After-sales services firm Onsitego has picked up a 26% stake in electronics exchange platform Digi2L for an undisclosed sum. Digi2L aims to utilize the capital for expanding operations and scaling its tech platform across the country.
14/07/2022

Inflection Point backs digital lending firm WonderLend Hubs

No-code platform-as-a-service (PaaS) provider WonderLend Hubs has raised seed funding of USD 1.6 Million from Gurugram-based Inflection Point Ventures. The Company plans to use the fresh capital to boost sales and marketing and also to grow the business on scale
14/07/2022

HDFC Capital, Oberoi Realty invest in proptech platform Homexchange

Proptech platform Homexchange Ltd has raised USD 4 Million from HDFC Capital, Oberoi Realty, and Anarock Group. The platform will use the fresh funds to expand into new geography, strengthen developer partnerships, hire talent, and further build out its technology platform.
13/07/2022

Web3 Startup zbyte Raises USD 10 Million To Accelerate Enterprise Blockchain Adoption

Web3 startup zbyte has raised USD 10 Million in a funding round led by private investors. The startup aims to build decentralised applications (dApps) stores to help developers and enterprises to build such apps.
13/07/2022

Deepika Padukone-Backed D2C Startup Mokobara Secures Funding To Enter New Categories

D2C luggage startup Mokobara has raised USD 6.5 Million in its Series A funding round led by Saama Capital and Sauce VC. Alteria Capital, Panthera Peak Ventures, Good Capital and individual investors including Varun Alagh from Mamaearth, Ashish Goel from Urban Ladder, founders of Licious, Ramakant Sharma from LivSpace, Raul […]
13/07/2022

Lightspeed closes USD 500 Million early-stage fund for India, Southeast Asia

Silicon Valley-based Lightspeed Venture Partners has raised USD 500 Million for its fourth early-stage fund in India and Southeast Asia. The firm expects to invest in areas such as cross-border commerce, mobility, artificial intelligence- based automation and devops, climate and Web3 in addition to sectors such as consumer tech, Business-to-Business […]
13/07/2022

Cred’s Kunal Shah, others bet on realty firm PropReturns

Real estate investment startup PropReturuns has secured an undisclosed amount of funding from a host of angel investors including Cred founder, Kunal Shah. Other investors in the round included venture capital firm 1947 Rise, Gokul Rajaram (board member of CoinBase and Pinterest), Varun Alagh (co-founder of Mamaearth) and Nitin Jain […]
12/07/2022

Wheelocity Raises USD 12 Million To Solve Supply Chain Issues For Quick Commerce Startups

Wheelocity, a supply chain network enabler for fresh products, has raised USD 12 Million in its Series A funding round led by Lightspeed Venture Partners, with participation from Anicut Capital. The round was a combination of equity and venture debt.
12/07/2022

Blume Ventures backs solartech startup Aerem in pre-Series A

Solar financing firm Aerem has secured pre-Series A funding of USD 2.5 Million led by Blume Ventures. Aerem plans to deploy the fresh proceeds to grow its loan book, build a tech platform and expand its leadership team
12/07/2022

HDFC Life invests in Z3Partners Tech Fund

One of the top private life insurers, HDFC Life has invested in Z3Partners Tech Fund to focus on tech and digital investments from its target capital pegged at INR 500 Cr. The investment details by HDFC Life remain undisclosed
12/07/2022

Biotech firm String hits first Series B close, raises USD 20 Million

Biotechnology company String Bio raised its Series B round of USD 20 Million led by Woodside Energy, with participation from Ankur Capital, Dare Ventures, Redstart and Zenfold Ventures, among other investors.
11/07/2022

Campus Fund Secures USD 10 Million To Back Pre-Seed Stage Startups In India

Venture capital firm Campus Fund has raised USD 10 Million for its second fund, Campus Fund II which will invest in Pre-Seed stage startups in India. The round saw participation from IIFL Wealth, Omidyar Network India, Bharat Shah from HDFC Securities, Jaimin Bhatt from Kotak, Kanwajit Singh from Fireside Ventures, […]
11/07/2022

Agritech Startup Vegrow Raises USD 25 Million To Expand Geographical Reach

Vegrow, a B2B agritech marketplace for fruits, has raised USD 25 Million in its Series B investment round led by Prosus Ventures. The company would use the incoming funds to expand its geographic presence, develop its tech stack and hire across multiple positions
08/07/2022

Stride Ventures Infuses INR 50 Cr In Agritech Startup WayCool

Delhi-based venture debt company Stride Ventures has infused INR 50 Cr in agritech startup WayCool as a part of its debt funding round. WayCool is looking to utilise funds to make tech-related expansions. With this round, Stride Ventures plans to expand its portfolio of new-age Indian startups that are working […]
08/07/2022

Logistics Startup Emiza Acquires Shippigo To Boost Technology And Shipping Capabilities

Supply chain and warehousing startup Emiza has acquired online shipping platform Shippigo for an undisclosed amount. The acquisition will help Emiza to integrate Shippigo’s technology with its platform and further streamline the entire supply chain process, right from warehousing to last-mile delivery. It will further boost Emiza’s technology and shipping […]
08/07/2022

Pidilite arm, others invest in tech-backed home builder BuildNext

Kochi-based home building solutions provider BuildNext has secured pre-Series A funding of USD 3.5 Million led by Madhumala Ventures, a wholly owned subsidiary of Pidilite Industries. The round also saw participation from existing investors including Konglo Ventures, Vineet Kumar (chief executive officer of Native) and Deep Gupta (founder of FatEngine), […]
08/07/2022

Innoviti raises USD 45 Million in Series D, eyes full break-even by FY23 end

Innoviti Payment Solutions which operates an eponymous fintech company raised its Series D round at USD 45 million, after an additional USD 15 Million infusion by Panthera Growth Partners in the final leg. The fintech company says it will use the funds to expand its mid-market product lines in electronics, […]
07/07/2022

Account Aggreator Finvu Secures Funding To Make Users’ Financial Data Transfer Safe

NBFC account aggregator startup Finvu AA has raised USD 2.5 Million in its seed funding round from Varanium Fund, IIFL, DMI Sparkle Fund and M2P. Finvu AA plans to use the funds to strengthen its engineering and business development teams and widen product offerings
07/07/2022

Axilor Ventures Sets Up USD 100 Million Fund II; To Back 125 Seed Stage Startups

Seed stage VC firm Axilor Ventures has announced the launch of its second fund Axilor Technology Fund – II with a total corpus of INR 770 Cr. The VC firm will continue to focus on enterprise SaaS, B2B commerce, agritech, consumer tech and healthtech, with a renewed focus on the […]
07/07/2022

After Wizi, Origa AI, M2P Fintech Acquires Cloud Lending Startup Finflux

Fintech SaaS startup M2P Fintech has acquired Finflux, a Bengaluru-based cloud lending platform. With the acquisition of Finflux, M2P will accelerate the adoption of digitisation and workflow automation and offer new lending products .
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