Archive News


GVFL Announces First Close Of INR 500 Cr Fund For Investing In Tech Startups

Gujarat-based VC firm GVFL has announced the first close at INR 185 Cr for its ninth fund, which has a total corpus of INR 500 Cr. The VC firm plans to invest an amount in emerging technology startups in the domains of edtech, healthtech, agritech, biotech, consumer business, among others.

Matrix-backed edtech startup AntWalk raises Series A funds

Bengaluru-based B2B edtech startup AntWalk has secured a Series A funding of USD 7.5 Million led by GSV Ventures, with participation from Y Combinator and existing investor Matrix Partners India. The company plans to deploy the fresh proceeds to boost its learning platform and build content pedagogy

Fireside Ventures backs bakery brand, The Baker’s Dozen

Mumbai-based D2C bakery brand The Baker’s Dozen has secured USD 5 Million in a pre-Series A round in a mix of debt and equity, led by Fireside Ventures. The capital will be used for product innovation, team building, brand marketing, distribution expansion and in ramping up its tech play.

D2C Brand Acefour Accessories Raises USD 7 Million To Disrupt India’s Luggage Market

Travel accessories startup Acefour Accessories has raised USD 7 Million in its pre-Series A funding round led by Sixth Sense Ventures’s current fund, Sixth Sense India Opportunities III. The round also saw participation from Acefour’s existing investor Volrado Venture Partners

Chiratae Ventures, 9Unicorns, others back AI firm Lightbulb

AI and engagement analytics platform has secured USD 1.5 Million in a pre-series funding co-led by Chiratae Ventures and 9Unicorns. The round also saw participation from investors including Anthill Ventures and VideoVerse

Insurtech startup Ensuredit snags USD 4.2 Million in pre-Series A

Insurance-tech startup Ensuredit Technologies has raised pre-Series A funding of USD 4.2 Million led by Cover Genius and also saw participation from new and existing investors including 9Unicorns, NexStep Discovery Pte, CP Ventures, Venture Catalysts and IPV

Sequoia, Nithin Kamath, others bet on climate-focused startup Climes

Bengaluru-based climate tech startup Climes has secured USD 1.2 Million in a funding round from Sequoia Capital India, Kalaari Capital, Zerodha founder Nithin Kamath and Avaana Capital & also saw participation from Satyen Kothari (Cube Wealth) and Anshuman Bapna ( from Stanford Angels, Keshav Reddy (Reddy Futures), Arjun Gupta (Smart […]

Edtech Startup Kreedo Bags Funding To Form Partnerships With Academic Institutions

Edtech startup Kreedo has raised USD 2.3 Million in its Pre-Series A funding round led by Switzerland- based UBS Optimus Foundation, Spectrum Impact, Gray Matters Capital, and 1Crowd. The round also saw participation from Innospark Ventures, IIM-CAN and The Chennai Angels.

Jungle Ventures, Dream Capital lead Series A round in MarketWolf

Fintech stock trading platform MarketWolf has raised USD 10 Million as part of its Series A funding round led by Jungle Ventures and Dream Capital.Existing and other investors including 9Unicorns, iSeed, Crescent and Riverwalk participated in the funding round

Lendingkart Raises INR 75 Cr In Debt To Provide Working Capital Loans To Underserved MSMEs

Non-banking finance company (NBFC) and lending tech platform Lendingkart has raised INR 75 Cr in a debt funding round from GMO LLC and Triodos Investment Management. The fintech company plans to use the fresh funding to provide MSME loans across states. Credit decisions will be taken in a ‘live’ environment […]

Lenskart Acquires Japan’s Eyewear Brand OWNDAYS In A USD 400 Million Deal

Omnichannel eyewear brand Lenskart has acquired a majority stake in Japanese eyewear brand OWNDAYS in a deal reportedly worth around USD 400 Million. The Japanese eyewear brand’s current shareholders, including L Catterton Asia and Mitsui & Co. Principal Investment will get an exit.

Aquaculture fintech platform AquaExchange raises USD 3 Million in pre-Series A

AquaExchange, a tech platform to connect farmers for shrimp and fish ecosystem has raised USD 3 Million from Endiya Partners and Accion Venture Lab along with participation from existing investors. The company will deploy the capital in strengthening its technology, and e-commerce operations and expanding its farm automation footprint

Venture Highway, 3one4 Capital invest USD 10 Million in fintech CheQ

CheQ Digital, a pre-product fintech startup has raised USD 10 Million in a seed funding round led by Venture Highway and 3one4 Capital & also saw participation from Multiply Ventures, Marshot Ventures and Veda VC. The funds will be used for building team, tech enhancement and launching products

Ananta Capital picks up majority stake in mattress maker Springwel

Sector-agnostic investment firm Ananta Capital has acquired a majority stake in mattress and sleep solutions brand, Springwel Mattresses. The company will use the capital for EBOs and distribution expansion, ramp-up of online channels of sale, the launch of new innovative products, and technology upgradation

Revenue Based Financing Startup GetVantage Bags USD 36 Million Funding To Scale Tech, Expand To New Territories

Mumbai-based revenue-based financing startup GetVantage has raised USD 36 Million as part of a strategic funding round led by Varanium Nexgen Fintech Fund and DMI Sparkle Fund. The round also saw participation from existing investors such as Chiratae Ventures and Dream Incubator Japan, as well as new investors such as […]

EV startup Turno raises funding led by Stellaris, Avaana Capital

Electric vehicle startup Turno has raised USD 3.1 Million in an equity funding round led by Stellaris Venture Partners, along with Avaana Capital. The round saw participation from several angel investors including Vipul Parekh of Bigbasket, Jayant Paleti of Darwinbox, Lizzie Chapman and Priyamvada Sharma of ZestMoney, Dhyanesh Shah of […]

Shubham Housing Development Finance raises USD 112 Million from BII, others

Mortgage lender Shubham Housing Development Finance Company has raised USD 112 Million in a round led by British International Investment, LeapFrog Investments, and Asian Development Bank and existing investor Premji Invest.

Matrix Partners leads funding in SaaS platform Sourcewiz

Sourcewiz, a SaaS platform focused on digitization for exporters and export factories has raised INR 20 Cr in the pre-series A round led by Matrix Partners India and marquee angel investors including 100x Entrepreneur Fund, Aniket Deb (co-founder, Bizongo), Wami Capital, and Rohit Kapoor (Global CMO, Oyo)

Fintech SaaS Platform Lentra Acquires AI-Startup TheDataTeam

Fintech SaaS startup, Lentra has acquired Chennai-based AI startup TheDataTeam (TDT) for an undisclosed amount. Following this acquisition, Lentra will deploy TDT’s customer intelligence platform Cadenz to facilitate banks and financial institutions in making data-driven decisions relating to customers’ credit worthiness.

ah! Ventures Sets Up A USD 14 Million Angel Fund To Back 30-35 Early-Stage Startups

Venture capital company, ah! Ventures has launched an alternative investment fund (AIF) angel fund that has a corpus of around USD 14 Million. The sector-agnostic fund will back early-stage Indian startups focused on domestic and international markets. Further, the fund will write off cheques between INR 3 Cr to INR […]

Panthera Growth marks the first close of second USD 250 Million fund

Singapore-based Panthera Growth Partners has announced the first close of its second fund after securing more than half of its targeted USD 250 Million corpus. The fund expects to raise the whole expected target by the end of this financial year and will offer up to 100% commitments in co-investment […]

Matrix-backed snacks startup Open Secret pockets Series B cheque

Healthy snacks startup Open Secret has raised USD 10 Million in a Series B round of funding led by sector-agnostic fund Ananta Capital. The round also saw participation from the company’s existing investors, Matrix Partners India and Sixth Sense Ventures along with Gautam Kumra, chairman – Asia at Mckinsey & […]

Bertelsmann raises USD 500 Million for India, eyes early-stage investments

Venture capital company Bertelsmann India Investments has announced an India-focused fund of USD 500 Million. Also, the fund will look at making a few Series A investments. Bertelsmann is looking to deploy capital across 6-8 companies every year

Luxury Clothing Startup Purple Style Labs Raises USD 10 Million Funding To Expand Global Footprint

Luxury fashion house Purple Style Labs, the parent of Pernia’s Pop-Up Shop, has raised USD 10 Million in a Series B round led by angel investor Akash Bhansali. The round also saw participation from other angel investors such as actor Madhuri Dixit Nene, Alpha Wave Global’s Navroz Udwadia, Sid Yog […]