Archive News

01/10/2021

Insurance startup Loop Health raises USD 12 million led by General Catalyst, Elevation Capital

Insurance startup Loop Health, has raised USD 12 million (about Rs 90 crore) in a Series A funding led by General Catalyst and Elevation Capital. This round saw participation from other investors including Vinod Khosla, YC Continuity Fund, and Tribe Capital, and also few leading angels. Loop Health provides group […]
01/10/2021

B2B ecommerce platform OfBusiness raises USD 207 million Series F funding from Tiger Global

OfBusiness, a commerce startup that sells industrial goods and provides small businesses with credit, has raised USD 207 million in fresh funding led by New York-based investment fund Tiger Global. SoftBank and Falcon Edge-managed Alpha Wave Incubation have also participated in the funding round.
01/10/2021

Electric taxi platform BluSmart raises USD 25 million in Series A funding led by BP Ventures

BLU Smart Mobility Pvt Ltd, which operates electric taxi-hailing and riding platform BluSmart, has raised Series A funding worth USD 25 million led by BP Ventures. Others in the round were Mayfield India Fund, 9Unicorns, Survam Partners, and other existing investors.
01/10/2021

DMI Alternatives raises USD 40 million for investing in digital finance ecosystem

DMDMI Alternatives Pvt Ltd, the investment manager of DMI AIF and an associate company of DMI Finance Pvt Ltd, announced the closure of a USD 40 million raise for The Sparkle Fund, which is part of its DMI Alternative Investment Fund. Sparkle focuses on alternative lending, consumer finance, financial services […]
30/09/2021

InnoVen Capital raises INR 740 crore towards first close of new fund

Venture debt firm InnoVen Capital, has raised INR 740 crore towards the first close of its new fund. The target corpus of the fund is INR 1,000 crore, with a green shoe option to raise an additional INR 1,000 crore. The primary focus will be on sectors such as consumer […]
30/09/2021

Meesho raises USD 570 Million from Fidelity and B Capital at USD 4.9 Billion valuation

Social commerce platform Meesho, has raised USD 570 million at a valuation of USD 4.9 billion. The round was led by Fidelity Management and Research Company and B Capital Group. The round also saw participation from existing investors Prosus Ventures, SoftBank Vision Fund 2, and Facebook. Other new investors include […]
30/09/2021

Fantasy sports startup Fantasy Akhada raises USD 2 Million in pre Series A round

Gurugram-based Fantasy Akhada, an online fantasy sports platform, has raised about USD 2 million in a Pre Series A round through Prime Securities, Team India Managers Limited, and existing investors. Fantasy Akhada provides users a platform to play and win exciting contests in fantasy cricket and football.
30/09/2021

Acceldata raises USD 35 million Series B funding from Insight Partners, Lightspeed, others

Enterprise data observability cloud startup Acceldataon, has raised USD 35 million in Series B round led by Insight Partners, with participation from March Capital and existing investors Lightspeed, Sorenson Ventures, and Emergent Ventures. Its data observability cloud helps businesses simplify complex data operations, expand data usage, and meet growing business […]
30/09/2021

Startup Mentza raises USD 400K in seed round led by Inflection Point Ventures

Audio-based conversational learning startup Mentza has raised a seed round of USD 400,000 led by angel investment platform Inflection Point Ventures.
30/09/2021

CredAvenue raises USD 90 million in Series A led by Sequoia Capital India

Debt platform CredAvenue that provides a platform for debt-seeking enterprises to connect with lenders and investors, has raised USD 90 million in its Series A round of funding led by Sequoia Capital. Other investors who participated in the round are Lightspeed, TVS Capital Funds, Lightrock, CRED, and Stride Ventures. The […]
30/09/2021

Vedantu turns unicorn after a USD 100 Million round led by ABC World Asia

Online tutoring firm Vedantu, has raised USD 100 million in its Series E round of funding at a valuation of USD 1 billion. The round was led by Temasek-anchored impact investor ABC World Asia, and existing backers – Coatue Management, Tiger Global, GGV Capital, Westbridge, among others.
30/09/2021

Diagnostics-focused startup ConnectedH raises seed funding led by Kalaari and Incubate Fund

ConnectedH, a healthtech startup that connects and digitalises diagnostics labs, has raised USD 2.3 million in seed funding led by Kalaari Capital and Incubate Fund India. The round also saw participation from Anicut Capital, Mars Shot Ventures and few angels. Existing investors First Cheque and Point One Capital also participated […]
29/09/2021

Leena AI raises USD 30 Million Series B investment led by Bessemer Venture Partners

Enterprise employee experience startup Leena AI, has raised USD 30 million in Series B funding led by Bessemer Venture Partners. The round also saw participation from existing investor Greycroft, as well as from Facebook Co-founder Eduardo Saverin’s B Capital Group.
29/09/2021

Edtech startup byteXL raises USD 200K in angel round

byteXL an experiential learning platform for IT career aspirants, has raised a seed fund of USD 200,000 in Angel round. The funding has been raised from Mr. Joseph Joy, President of Joy Family Investments from the USA along with others.
29/09/2021

VRO Hospitality raises USD 3 Million in Series A round led by CreedCap Asia Advisors

Bengaluru-based hospitality chain VRO Hospitality, has raised USD 3 million in a mix of equity and debt funding in a Series A round led by CreedCap Asia Advisors, along with other undisclosed angel investors. VRO Hospitality operates multi-format restaurants, cafes, and lounges across 18 outlets in Bengaluru.
29/09/2021

Fitness startup Alpha Coach raises USD 1.25 Million from Jani Ventures INC, others

Fitness startup Alpha Coach has raised funding of USD 1.25 million from Jani Ventures and a clutch of investors, including UK-based Dimitri Goulandris, and friends and family. Alpha Coach is building an integrated tech platform to help individuals adopt and maintain healthy lifestyles by building sustainable lifelong habits.
29/09/2021

Cloud telephony platform Exotel raises USD 35 million in Series C funding

Cloud telephony platform Exotel, has raised USD 35 million as a part of its Series C funding from IIFL AMC, Sistema, CX Partners, and Singularity Growth Opportunities Fund. Existing investors Blume Ventures and A91 Partners also participated in this round.
29/09/2021

MyGlamm tops up Series C fundraise, consolidates businesses under Good Glamm Group

Direct-to-consumer beauty products brand MyGlamm, has topped up its Series C fundraise with a USD 34 million infusion led by an equity investment from the Trifecta Leaders Fund and structured financing from Trifecta Capital and Stride Ventures. MyGlamm, also unveiled Good Glamm Group under which it has consolidated its various […]
29/09/2021

Zypp Electric raises USD 7 million Series A round led by 9Unicorns, Anthill Ventures

Zypp Electric, an EV-based last-mile delivery service provider, has raised around USD 7 million in a Series A round co-led by 9Unicorns and Anthill Ventures. The round also saw participation from Nanavati Family Office, We Founder Circle, Silicon Valley-based Riso Capital Fund, Dholakia Ventures along with existing investors Venture Catalysts, […]
29/09/2021

5G wireless startup Astrome raises funds led by IAN Fund, others

Astrome, a 5G wireless deep-tech startup, has raised USD 3.4 million in a round led by IAN Fund, Urania Ventures, and Cognizant founder Lakshmi Narayanan. The round also saw participation from Impact Collective, ArtPark, and a consortium of US-based angel investors. Astrome provides Gigabit speed telecommunication solutions to telecom service […]
29/09/2021

Elective surgeries-focused Glamyo Health raises funds led by Ananta Capital

Glamyo Health, a healthcare startup focusing on elective surgeries, has raised USD 3 million in a Series A round of funding led by Ananta Capital. The round also saw participation from Agility Ventures, Udtara Ventures, We Founder Circle, Dexter Angels and others.
29/09/2021

The Money Club raises pre-series A funds led by SOSV and Venture Catalysts

Fintech startup The Money Club has raised USD 1.7 million pre-Series A funding led by SOSV and Venture Catalysts. The round also saw participation from Blume Founders’ Fund,Keiretsu Forum, Rockstud Capital, Astarc Ventures, and others. The Money Club has built an AI-based P2P group savings platform to enable the lower-middle-class […]
29/09/2021

SaaS startup Manch raises USD 1.1 Million in pre-Series A round

Manch Technologies, a SaaS-based zero-coding digital transformation platform, has raised USD 1.1 million in its pre-Series A round led by Bharat Inclusion Seed Fund. Pentathlon Ventures has also joined the round.
29/09/2021

SME-focused CashBook raises seed funding led by JAM and Better Tomorrow Ventures

CashBook, a fintech startup focused on cash accounting for small businesses, has raised USD 2.3 million in a seed funding round led by JAM and Better Tomorrow Ventures. Angel investors Kunal Shah and Anupam Mittal also participated in the round.
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