Archive News


CDC leads Series B funding in AI-based data labelling startup iMerit

iMerit Technology Services, an information technology startup focussed on data labelling and annotation, has raised USD 20 million in a Series B funding round.

eCommerce paltform Near.Store raises USD 300,000 seed fund

NearStore, a plug and play ecommerce platform for offline stores has raised USD 300,000 seed funding from Sauce vc, an early stage consumer focused VC fund and other individual investors.

BharatPe gets USD 75 million from Coatue, Ribbit

Fintech startup BharatPe has raised USD 75 million led by hedge fund Coatue Management and Palo Alto-based fintech investor Ribbit Capital, as it looks to fund its non-banking financial company (NBFC) arm that is awaiting licence approval from the Reserve Bank of India.

Vogo Is Raising around USD 19 Million Series C Round; Expanding Its ESOPs Pool

Bengaluru-based two-wheeler rental platform Vogo is raising around 19 Million in its Series C funding round led by Financial Investments SPC.

MSME-focussed Prayaan Capital raises seed funding from Accion Venture Lab

Prayaan Capital, which runs a financial technology startup focussed on lending to micro, small and medium enterprises (MSMEs), has raised around INR 9 crore in a seed funding round and the round was led by Accion Venture Lab, the seed-stage investment arm of Accion International.

Udemy secures UDS 50 million investment from Benesse Holdings

Benesse Holdings has agreed to invest USD 50 million in Edu-tech platform Udemy and company plans to further invest in markets around the world and will expand its San Francisco headquarters as well as grow its offices in Denver, Colorado; Dublin, Ireland; Gurgaon, India; Sao Paulo, Brazil; and Ankara, Turkey.

Surge Startup InVideo Bags around INR 18 crore Funding; Rolls Out AI-Powered Video Editor

Video editing and content creation software maker InVideo, has raised around INR 18 crore in a round led by Sequoia Capital India’s early-stage accelerator programme Surge.

Zvesta Bags INR 39 crore From Hindustan Media To Build Pan-India Presence

Gurugram-based proptech startup Zvesta, has raised INR 39 crore from media company Hindustan Media Ventures.

Dunzo Raises USD 11 Million From Alteria Capital To Scale Profitable Operations

Bengaluru-based hyperlocal services provider Dunzo has raised USD 11 Million in a debt funding round from Alteria Capital

Naspers, Meituan-Dianping deliver fresh capital to Swiggy

Food delivery platform Swiggy has raised INR 805 crore in a round of funding led by South African technology conglomerate Naspers and existing investors Hadley Harbour Master Investments and Meituan-Dianping also participated in the round.

Sequoia leads Series C funding in SaaS startup Whatfix

Enterprise software platform Whatfix has secured USD 32 million in a Series C funding round led by multi-stage investor Sequoia Capital India.

Shriram Automall acquires car selling portal BlueJack

Shriram Automall India Ltd (SAMIL), which runs a vehicle exchange platform, has acquired online car selling portal BlueJack with the aim to be the largest player in the used car segment.

Facebook, General Atlantic bet on ed-tech startup Unacademy

Unacademy, an ed-tech platform to prepare for competitive exams, has raised USD 110 million from social network Facebook Inc, US-based private equity firm General Atlantic and other investors.

Blume Ventures marks final close of new fund, overshoots target

Blume Ventures, has marked the final close of its third fund at USD 102 million, making it the first homegrown venture capital firm to cross the milestone of USD 100 million in a single fund.

Virat Kohli, Anushka Sharma invest in Prem Watsa backed Digit Insurance

Star couple Virat Kohli and Anushka Sharma have invested a combined around INR 2 crore in Canadian billionaire Prem Watsa backed insurance startup Digit.

Reliance Invests around around INR 140 Crore In JioSaavn To Take On International Competition

Mumbai-based JioSaavn has received around INR 140 Crore infusion from parent entity Reliance Industries Limited.

Edtech startup AvalonMeta gets funding from blockchain firm Peerplays, others

AvalonMeta Ventures, a startup combining education and gaming, has raised INR 3 crore led by a blockchain-based gaming company Peerplays.

Snapdeal founders, others bet on women hygiene startup Sanfe

Sanfe, a startup that sells women-focused toilet hygiene products, has raised 8 crore in a pre-Series A round of funding from investors including SucSEED Venture Partners and Titan Capital.

FIITJEE-backed ed-tech startup PlanetSpark pockets pre-Series A cheque

PlanetSpark, a Gurugram-based gamified learning solutions startup, has raised around INR 3 crore as part of its pre-Series A round of funding and the capital was raised from three angel networks, the Indian Angel Network, Lead Angels and Hyderabad Angels.

MaxWholesale raises Series A funding from IAN Fund, Abu Dhabi family office

MaxWholesale, a business-to-business (B2B) e-commerce and supply chain platform, has raised USD 3 million in its Series A round of funding and the funding round was co-led by IAN Fund, the eponymous debut fund of the Indian Angel Network (IAN), and Al Falaj Investment Co, an Abu Dhabi-based private family […]

World V launches INR100 crore fund for Indian startups

With a corpus of INR 100 crore, World V Technology Fund -Series 1 will invest in early to mid-stage companies working in industries such as consumer, healthcare, finance, logistics and entertainment and it will lead the investment in both consumer facing and B2B companies working on emerging technologies, including cloud, […]

Blume-backed Carbon Clean Solutions raises USD 16 million from three global investors

Clean-tech firm Carbon Clean Solutions, has raised USD 16 million in a new funding round from three global investors US-based WAVE Equity Partners and Chevron Technology Ventures, and Japan-based Marubeni Corporation.

Falcon Edge raises USD 300 million India dedicated fund

US investment firm Falcon Edge Capital has raised a USD 300 million India-focused fund, Alpha Wave Incubation (AWI) anchored by an undisclosed entity of the Government of Abu Dhabi and investors from the UAE, according to three people familiar with the matter and the fund will invest in 60-80 early-stage […]

Onsitego Bags USD 19 Million From Zodius, Accel

Mumbai-based extended warranty and device protection service provider, Onsitego, has raised USD 19 Million in a Series B funding round led by Zodius Growth Fund.