Archive News

03/03/2020

Nandan Nilekani’s Fundamentum fires up used-car retailer Spinny with Series B cheque

Pre-owned cars platform Spinny has raised around INR 316 crore in its Series B funding led by the Fundamentum Partnership, which provides growth capital for mid-stage technology companies in India.
03/03/2020

Wavemaker Partners leads funding round in fashion-focussed startup FlixStock

Flixstock India, which runs a fashion-focussed image technology startup, has raised around INR 18 crore in a funding round and the round has been led by Wavemaker Partners, an early-stage venture capital firm based in Los Angeles and Singapore.
03/03/2020

Anicut’s angel fund, others cobble up funding deal for footwear startup Neeman’s

Sustainable footwear startup Neeman’s, has raised nearly USD 1 million in this funding round led by Anicut Angel Fund.
02/03/2020

India’s SMEcorner raises USD 30 million led by Paragon Partners, others

SMEcorner, which lends to micro, small and medium enterprises (MSMEs), has raised USD 30 million through a mix of equity and debt in its Series B funding round which was led by private equity firm Paragon Partners.
02/03/2020

Samsung Venture leads Series A funding in video publishing firm Flickstree

Flickstree Productions, which runs an artificial intelligence-based video publishing network, has raised USD 3 million in its Series A funding round and the round was led by the Samsung Venture Investment.
02/03/2020

Social tech startup Josh Talks mops up pre-Series A funding

Josh Talks, which runs a local language-based youth-focussed skilling and guidance platform, has raised around INR 11 crore in pre-Series A funding round from Media Development Investment Fund (MDIF).
28/02/2020

Product engineering firm GoScale Group has acquired Indiez, an AI powered tech talent community in a bid to solidify its presence and boost its reach in the remote sphere sector

Product engineering firm GoScale Group has acquired Indiez, an AI powered tech talent community in a bid to solidify its presence and boost its reach in the remote sphere sector.
28/02/2020

AR/VR startup AjnaLens raises around INR 11 crore from Maharashtra Defence and Aerospace Venture Fund, others

AjnaLens has raised around INR 11 crore in a Pre-Series-A funding round led by Maharashtra Defence and Aerospace Venture Fund (MDAVF) and HNI investors like Nailesh Khimji, Chirayu Khimji, Jay Jesrani, and Mohsin Group
28/02/2020

Indian Angel Network backs energy analytics startup MinionLabs

MinionLabs India, a Bengaluru-based startup that provides real-time insights into energy consumption of electric appliances, has raised funding from the Indian Angel Network.
28/02/2020

Sequoia, MassMutual Ventures bet on health-tech startup Qure.ai

Qure ai Technologies, a Mumbai-based healthcare-technology startup, has raised USD 16 million in a funding round led by Sequoia Capital and Singapore-based MassMutual Ventures Southeast Asia also participated in the round.
27/02/2020

Nexus-Backed Hasura Raises around USD 10 Million In Series A Funding

San Francisco and Bangalore-based Hasura has raised around USD 10 Million in series A funding led by Vertex Ventures US.
27/02/2020

PhonePe gets INR 427 crore from Singapore based parent company

Walmart-owned Flipkart’s digital payments arm PhonePe has received INR 427 crore cash infusion from its Singapore-based parent company.
27/02/2020

BPCL to set up a rolling fund for start-ups

BPCL Ankur initiative has supported 25 startups so far with a cumulative grant funding of INR 25 crore. Going forward, the grant will be increased.
27/02/2020

Freshworks buys ML & AI provider AnsweriQ

Freshworks has acquired AnsweriQ, a provider of machine learning and artificial intelligence for large enterprises, for an undisclosed amount.
27/02/2020

Eureka AI closes USD 20 million Series B investment round

Eureka, an AI enterprise software platform enabling mobile operators, has closed USD 20 million its Series B fundraising round and the round was co-led by investors from around the world- Aventure insurtech fund managed by Apis Partners, Gobi Partners, the Riyadh TAQNIA Fund and MECVentures.
27/02/2020

Wipro’s consumer care arm bets on male grooming startup LetsShave

Wipro Consumer Care, a unit of Wipro Enterprises, has invested an undisclosed amount in Chandigarh-based male grooming startup LetsShave.
27/02/2020

Serum Institute’s Adar Poonawalla invests in cookie maker Sweetish House Mafia

Cookie maker Sweetish House Mafia has raised INR 12 crore in its pre-Series A round of funding from Adar Poonawalla, CEO at vaccine maker Serum Institute of India.
26/02/2020

Jagaran Microfin raises INR 22 crore from BlueOrchard Finance through NCD issuance

Kolkata-based lender Jagaran Microfin has raised INR 22 crore through in debt financing from Swiss impact investment major BlueOrchard Finance.
26/02/2020

ShareChat Acquihires Elanic To Tap Social Ecommerce

Bengaluru-based vernacular content platform ShareChat, has acquired Bengaluru-based online fashion marketplace Elanic and post the acquisition Elanic’s employees will join ShareChat.
26/02/2020

Kolkata’s iMerit Bags USD 20 Million To Expand Data Annotation Business

Kolkata-based deeptech startup iMerit Technology Services has raised USD 20 Mn in Series B funding round led by the development finance institution CDC Group, which is owned by the UK government.
26/02/2020

Kunal Bahl, Rohit Bansal’s Titan Capital back content platform Pepper

Pepper Content, which runs a content writing and services platform, has raised around INR 2 crore as part of its seed funding from a clutch of investors.
26/02/2020

GGV Capital, Binny Bansal take a shine to gold loan platform Rupeek

Rupeek Fintech, which runs a financial technology startup focussed on gold loans, has raised USD 60 million in funding from a clutch of investors.
25/02/2020

Intuit to buy Credit Karma in a USD 7 billion deal

Intuit announced a deal to buy personal finances rival Credit Karma for USD 7 billion in cash and stock.
25/02/2020

Blume Ventures Closes Fund IIA At USD 41 Million To Invest In Portfolio Startups

Mumbai-based venture capital firm Blume Ventures, announced the final close of its opportunity fund — Fund IIA — at USD 41 Million for follow-on investments.
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