Archive News


Insurance firm Acko may get a USD 25 million cover from Binny Bansal

Flipkart cofounder Binny Bansal is in talks to invest USD 25 million in new-age insurance startup Acko.

Tencent gets a slice of Swiggy as Naspers leads USD1 billion funding round

Online food delivery startup Swiggy has raised USD 1 billion in a fresh round of funding led by South African technology conglomerate Naspers.

Axilor Ventures, others open funding window for Khidki

Hyperlocal regional social content platform Khidki has raised an undisclosed amount in a funding round led by Axilor Ventures and with participation from Astarc Ventures, Gemba Capital, Purple Patch Ventures.

Fosun, Bertelsmann invest in LetsTransport’s Series B round

LetsTransport, a tech-enabled logistics marketplace for intra-city deliveries, has raised INR 100 crore in a fresh funding round jointly led by Chinese conglomerate Fosun International and strategic investment firm Bertelsmann India Investments

Mumbai Angels Network bets on nutritional foods brand Proliva

Nutrisattva Foods Pvt Ltd, a company that offers protein-based functional foods under the Proliva brand, has raised funding from the Mumbai Angels Network.

Kalaari, Unilever Ventures lead Shop101’s Series B round

Mumbai-based Shop101, a mobile storefront and commerce platform for sellers, has raised USD 11 million  in a Series B funding round led by venture capital firm Kalaari Capital and Unilever Ventures

Generico raises USD 3 million in Series A funding

Generico, a Mumbai-based pharmacy retail startup exclusively selling low-cost generic medicines raised USD 3 million in Series A funding from early stage investment funds Tomorrow Capital and Whiteboard Capital, and angel investor Gagan Goyal.

Vivriti Capital raises INR 200 crore from Creation

Vivriti Capital, a Chennai-based lending platform for corporate entities, has raised equity funding of INR 200 crore in its series-A round from Creation Investment, an investment management company dedicated to financial services.

Ola to pump USD 100 million into scooter-sharing startup Vogo

Ride-hailing unicorn Ola  will invest USD 100 million in scooter-sharing firm Vogo in a move aimed at diversifying its offerings

Sequoia Capital leads fresh funding round in payments firm MobiKwik

Digital payments firm One MobiKwik Systems Pvt Ltd, which runs MobiKwik, has raised around INR 24 crore in a fresh round of funding led by existing investor Sequoia Capital India.

DataTrained gets USD 1.7 million in extended seed round; ImpactGuru pockets fresh funds

Bengaluru-based DataTrained Education Pvt Ltd, which operates an ed-tech startup on data science, has raised around INR 12 crore in its second round of seed funding from a clutch of India- and US-based affluent individuals

Entrust Family Office invests in skincare clinic chain Oliva

Bengaluru-based Entrust Family Office Investment Advisors, an advisory firm that offers investment services to high-net-worth individuals, has invested INR 10 crore in Sreyas Holistic Remedies Pvt Ltd on behalf of its clients.

MogliLabs gets USD 23 million in round led by Accel Partners and IFC

MogliLabs, which owns and operates B2B industrial goods marketplace Moglix, has raised USD 23 million in a fresh round of funding, led by marque venture capital firm Accel Partners and existing investor International Finance Corporation (IFC).

Naspers leads USD 540 million investment round in Byju’s

Bengaluru-based Think and Learn Pvt Ltd, which runs ed-tech startup Byju’s, has raised USD 540 million in a round led by South African tech conglomerate Naspers.

Venture Catalysts backs diaper maker Superbottoms

Incubation platform Venture Catalysts has invested an undisclosed amount in Superbottoms, which makes diapers for babies.

Omidyar Network India strikes first overseas deal with bet on ringtone app Vyng

Impact investment firm Omidyar Network India has made its first overseas bet by jointly leading a Series A investment of USD 4 million in Vyng.

FINO Paytech backs fintech startup CityCash to set up payments solution

Financial services company FINO PayTech Ltd has invested an undisclosed amount in Mumbai-based fintech startup CityCash.

Gray Matters Capital invests in govt jobs app MadGuy Labs

US-based impact investment firm Gray Matter Capital has invested USD 150,000 in Hyderabad-based government jobs app MadGuy Labs.

Sagisu secured seed funding

Sagisu, an intra-city logistics solution provider, has secured USD 2,100,000 in a seed funding round from prominent investors in the US and India.

Venture Catalysts backs Ambee

Venture Catalysts has invested an undisclosed amount in Bengaluru-based environmental intelligence startup Ambee

Matrix Partners invests in Housejoy

Online services marketplace Housejoy has raised about USD 3,240,000  in a bridge funding round led by existing investor Matrix Partners.

Vyng raises USD 4 million from Omidyar, others

Vyng, a Los Angeles-based company focused on transforming how conversations start on mobile, has raised USD 4 million in a Series A round co-led by Omidyar Network India and returning investor March Capital Partners.

US-based impact investor backs recruitment startup FeedMyPockets

Bengaluru-based on-demand staffing platform FeedMyPockets has raised seed funding of USD 625,000 from an undisclosed impact investor based in South Florida, US.

LambdaTest gets USD 1 million in Pre-Series A funding

LambdaTest, a cloudbased testing platform, has a pre-series A funding of USD 1 million from Leo Capital, a venture capital firm.