Archive News

12/06/2020

Wipro Ventures bets on cloud-focussed security platform CloudKnox

Wipro Ventures, the corporate investment arm of multinational information technology services firm Wipro Ltd, has invested an undisclosed amount in CloudKnox Security Inc, a US-based cloud security-focused company.    
12/06/2020

Nexus-backed Postman snags Series C funding at USD 2 billion valuation

Postman Inc., which operates an eponymous application programming interface (API) testing platform, has raised USD 150 million in a Series C round of funding led by Insight Partners. Existing investors CRV and Nexus Venture Partners also put in fresh money.  
12/06/2020

Myelin Foundry raises funding from Infosys co-founder’s family office

Myelin Foundry Pvt. Ltd, which operates an eponymous deep technology startup focussed on streamlining content creation, has raised funding from Pratithi, the family office of Infosys co-founder Kris Gopalakrishnan.  
11/06/2020

Microsoft’s M12 Fund Sets Up India Office For Growth-Stage Investments

Microsoft venture fund, M12, has set up an office in Bengaluru to bolster fundraising and partnership opportunities for Indian growth stage startups Series A to Series C.  
11/06/2020

WayCool Foods receive USD 5.5 million debt financing from IndusInd Bank

WayCool Foods, an agriculture and technology firm engaged in food development and distribution, has received USD 5.5 million debt financing from IndusInd Bank. US International Development Finance Corporation has extended a one hundred percent guarantee to the company’s latest round of fundraising.  
11/06/2020

Anand Mahindra bets on Gurugram-based startup Hapramp Studio

Mahindra Group chairperson Anand Mahindra has invested USD 1 million in a seed funding round in Hapramp Studio, which is seeking to build out an Indian-owned and regulated social media creative platforms.  
11/06/2020

Sequoia, Lightspeed’s Indian arms lead seed funding in Indonesian startup Ula

Ula, a marketplace platform that focusses on modernizing distribution and credit processes in the traditional retail sector, has raised USD 10.5 million in a seed funding led by the Indian arms of venture capital Sequoia and Lightspeed. Other investors that contributed to the round include SMDV, Quona Capital, Saison Capital […]
11/06/2020

VC-backed fintech firm Innoviti raises Series C funding from FMO, others

Innoviti Payment Solutions, which operates an eponymous payments-focussed financial technology firm, has raised an undisclosed funding as part of its Series C round. The round has been led by Dutch development bank FMO and the US-based Bessemer Venture Partners.  
11/06/2020

Device management platform Servify raises Series C funding

Service Lee Technologies, which operates device management and support platform Servify, is raising INR 85.87 crore Series C funding from Iron Pillar, the Luxembourg-based Tetrao SPF, and Blume Ventures via Milestone Trusteeship Services Pvt. Ltd.  
11/06/2020

Retail aggregator F5 raises seed funding from Venture Catalysts

Kaivalya Foods and Beverages India , which operates retail aggregator F5, has raised an undisclosed seed funding from startup incubator and accelerator Venture Catalysts.  
10/06/2020

PoS Startup Innoviti Chases Profitability After Raising Series C

Bengaluru-based digital payments solutions startup Innoviti has raised an undisclosed amount in Series C funding from Netherlands-based FMO-Entrepreneurial Development Bank, along with existing investor US-based Bessemer Venture Partners.  
10/06/2020

Ameliorate Biotech raises INR 2 crore as angel investment from PadUP, Vinners, others

PadUp montored company Ameliorate biotech recently raised INR 2 crore as angel investment for their product ASSURED, a device used for detection of malaria, chikungunya and dengue.  
10/06/2020

AI-based vision inspection startup Lincode raises seed funding

US- and India-based Lincode Labs Inc, an artificial intelligence (AI) vision inspection startup focused on the manufacturing industry, has raised an undisclosed capital in its seed round of funding from US-based early-stage investment firms Come Back Capital.  
09/06/2020

HealthPlix Technologies raises USD 6 million in Series-B funding

Healthcare venture HealthPlix Technologies has raised USD 6 million in Series B round led by JSW Ventures and participated in by existing investors Chiratae Ventures, and Kalaari Capital.  
09/06/2020

Infibeam Avenues acquires Cardpay Technologies

Fintech solutions provider Infibeam Avenues Ltd (IAL) has acquired Bengaluru-based Cardpay Technologies. The deal has taken place at an initial cash consideration of INR 45 lakh.  
09/06/2020

Venture Catalysts bets on blue-collar worker-focussed platform MyKaam

Jobshob Tech Pvt. Ltd, which operates the blue-collar worker-focussed employment and recruitment platform MyKaam, has raised funding from startup incubator and accelerator Venture Catalysts.  
09/06/2020

Mumbai Angels Network invests in news distribution platform Knocksense

Knocksense Media Services , a local news discovery and distribution platform, has raised an undisclosed capital from Mumbai Angels Network.  
08/06/2020

Nexus leads USD 3.3 million Series-A in Yolobus

Yolobus, a startup looking to standardise inter-city bus travel, has raised USD 3.3 million in a Series-A funding round led by Nexus Venture Partners . The funding also saw participation from India Quotient.  
08/06/2020

Arkam Ventures Announces First Close Of Maiden Fund At INR 325 Crore

Bengaluru-based Arkam Ventures, formerly known as Unitary Helion, has announced the first close of INR 325 Crore of maiden INR 700 Crore startup fund. It will focus on early-to-growth-stage startups in Series A, Series B stages across financial services, healthcare, food, agriculture, and mobility space.  
08/06/2020

Japan’s Gojo & Company invests in Aviom India Housing Finance

Gojo & Company, Inc, a Japan-based firm that holds stakes in microlenders, has made a USD 3.7 million investment in its portfolio firm Aviom India Housing Finance Pvt. Ltd.  
08/06/2020

ReNew Power, Northern Arc get debt funding from US development bank

The US International Development Finance Corporation (DFC) is extending about USD 300 million in loans to a bunch of Indian companies including green energy developer ReNew Power Pvt. Ltd and non-bank lender Northern Arc. DFC is offering USD 142 million in debt to ReNew Power to help the company develop […]
05/06/2020

Info Edge Targets INR 750 Crore Corpus To Invest In Tech Startups

Noida-based Info Edge (India) Ltd, the parent company of online job listing platform Naukri, has proposed to set up INR INR 750 Crore fund.  Info Edge along with its wholly-owned subsidiaries in their capacity as LP committed INR 350 Crore and has already disbursed INR 150 Crore from that till […]
05/06/2020

Bessemer-backed DocsApp raises Series B funding as it merges with MediBuddy

Venture capital-backed doctor consultation platform DocsApp has merged with the Bengaluru-based digital consumer health business of MediBuddy. The merged firm has received USD 20 million as part of its Series B round of funding. However, the financial details of the merger per se were not disclosed.  
04/06/2020

Fertility platform IVF Access raises USD 5 Million from Vertex Ventures SEA & India

IVF Access, a Bengaluru-based healthcare startup focused on providing In Vitro Fertilisation (IVF) treatments in India, has raised USD 5 million in Series A funding.  The investment was made by Vertex Ventures Southeast Asia and India.  
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