Archive News

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 .
07/07/2022

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.
07/07/2022

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
07/07/2022

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.
06/07/2022

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
06/07/2022

Chiratae Ventures, 9Unicorns, others back AI firm Lightbulb

AI and engagement analytics platform Lightbulb.ai 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
06/07/2022

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
06/07/2022

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 (Terra.do) from Stanford Angels, Keshav Reddy (Reddy Futures), Arjun Gupta (Smart […]
05/07/2022

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.
05/07/2022

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
04/07/2022

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 […]
01/07/2022

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.
01/07/2022

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
01/07/2022

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
01/07/2022

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
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