Archive News

08/01/2021

Y Combinator-backed online delivery startup KiranaKart raises INR 5.33 Crore in pre-seed round

KiranaKart, a Y Combinator-backed online grocery delivery startup, has raised INR 5.33 crore in a pre-seed round led by Global Founders Capital. Other investors, including Contrary Capital, 2 AM Ventures, and angel investors also participated in the round.
08/01/2021

DcodeAI raises USD 500K from S Chand, launches news DIY platform for students

Delhi-based DcodeAI, an edtech startup, has raised angel funding of USD 500,000 from educational publishing house Sultan Chand and Sons, and has launched its DIY learning platform to include Natural Language Processing (NLP), Computer Vision (CV), and data science for children aged between 12 and 18 years.
08/01/2021

Mumbai startup HobSpace raises close to Rs 1 Crore in Pre-Series A1 from Inflection Point Ventures

HobSpace, the Mumbai-based extra-curricular activities platform, has raised around INR 1 crore in Pre-Series A1 round led by angel investment platform Inflection Point Ventures.
08/01/2021

Blockchain-led agritech startup Agri10x raises seed round from Omnivore

Pune-based agritech e-marketplace Agri10x has raised undisclosed seed funding from Omnivore to expand its farmer network and ramp up export operations.
07/01/2021

Phi Commerce raises USD 4 million in Series-A funding round

Digital payments firm Phi Commerce, has raised USD 4 million in a Series-A funding round led by Singapore-based venture capital firm Beenext. The round saw participation from Yatra Angel Network.
07/01/2021

Oyo raises INR 54 crore from Hindustan Media Ventures

Hospitality firm Oyo has raised INR 54 crore from Hindustan Media Ventures as part of Series F1 round.
07/01/2021

Agritech startup CropIn raises USD 20 Million in Series C round led by ABC World Asia

AI and data-led agritech startup CropIn, has raised USD 20 million in a Series C round led by private equity fund ABC World Asia. Existing investors Chiratae Ventures, Invested Development, and Ankur Capital also participated in this funding round.
07/01/2021

Udaan raises USD 280 Million from existing and new investors

B2B unicorn Udaan has raised USD 280 million in additional financing from its existing and new investors. The new investors include Octahedron Capital and Moonstone Capital that join the existing group of Lightspeed Venture Partners, DST Global, GGV Capital, Altimeter Capital, and Tencent.
07/01/2021

Organic beauty marketplace Vanity Wagon raises INR 1.5 crore in seed round led by Agility Venture PartnersOrganic beauty marketplace Vanity Wagon raises USD 200K in seed round led by Agility Venture Partners

Delhi-based information-oriented organic beauty marketplace Vanity Wagon on Wednesday said it has raised a seed funding of INR 1.5 crore led by Agility Venture Partners.
07/01/2021

Alpha Wave Incubation leads Series A funding in edtech firm Kyt

Kyt Technologies Pvt Ltd, which operates a platform focussed on extracurricular learning for children, has raised USD 5 million funding led by Alpha Wave Incubation. Other participants in this round include Sequoia Capital India’s Surge, January Capital, Titan Capital, and angel investors.
07/01/2021

Venture debt firm Stride Ventures leads fresh funding in Pocket Aces

Digital entertainment startup Pocket Aces Pictures Pvt. Ltd, has raised INR 17 crore in a funding round led by venture debt firm Stride Ventures.
06/01/2021

Made in India brand boAt raises USD 100 Million from Warburg Pincus, plans to expand its product line

Boat, an electronics and lifestyle startup, has secured USD 100 million in funding from Warburg Pincus. Company will use the funding to invest in research and development and set up local manufacturing.
06/01/2021

BharatPe raises funding from InnoVen Capital

Resilient Innovations Pvt Ltd, which operates the payments and financial services-focussed startup BharatPe, has raised INR 60 crore from venture debt firm InnoVen Capital.
06/01/2021

IAN leads pre-Series A funding in fintech startup Zerone

Fintech startup Zerone Microsystems Pvt Ltd, has raised INR 9.5 crore as part of its pre-Series A funding round led by the Indian Angel Network (IAN). The Chennai Angels also participated in this round.
06/01/2021

Air pollution-focussed Devic Earth raises funding from Blue Ashva

Devic Earth Pvt Ltd, a startup focussed on air-pollution control equipment, has raised INR 10 crore in its first institutional funding round from Blue Ashva Capital.
06/01/2021

iMumz Raises INR 2.2 Crore From Enzia Ventures And Titan Capital

The pregnancy health app iMumz has raised INR 2.2 crore funding from Enzia Ventures, Titan Capital, and AngelList in a funding round. The online app plans to enter the USA in March with customized wearable devices and giving suggestions based on the wearable data for every pregnancy.
06/01/2021

Insuretech startup Finsall raises INR 2.4 crore in seed round from Unicorn India Ventures, others

Finsall, a Bengaluru-based insurtech startup, has raised INR 2.4 crore in a seed round from Unicorn India Ventures. The investment round saw participation from SEA Fund and other angel investors.
06/01/2021

Hyderabad startup Practically raises USD 4 Million in Pre-Series B round led by Siana Capital

Practically, a Hyderabad-based interactive and immersive learning app, on Tuesday said it has raised USD 4 million in a Pre-Series B round led by Bengaluru-based deep tech investor Siana Capital. Existing investors YourNest Venture Capital and Exfinity Ventures also participated in the investment round.
05/01/2021

FINTECH IN AGRICULTURE SECTOR

FinTech in Agriculture Sector We have reviewed the Agritech sector closely and present our main takeaways below. The note captures: The gaps in a traditional yet key sector in India along with critical challenges faced by companies solving for the said gaps Critical success factors required to succeed New age […]
05/01/2021

Bira 91 raises USD 30 million from Japan’s Kirin Holdings

Sequoia-backed craft beer maker Bira 91 has raised USD 30 million from Japanese integrated beverages company Kirin Holdings, its first investment in India.
05/01/2021

Cred raises Series C funding; buys back ESOPs worth USD 1.2 mn

Dreamplug Technologies, which owns and operates credit card payment platform Cred, has raised USD 81 million in a Series C round led by returning investor DST Global. Sequoia Capital, Ribbit Capital, Tiger Global, General Catalyst, Sofina, Coatue and Satyan Gajwani of Times Internet also participated in the round. The investment […]
04/01/2021

GIG ECONOMY & BLUE COLLAR TECH

Overview Hiring blue collar employees such as drivers, delivery staff, maids, cooks, peons, office boys, housekeepers, babysitters, aayah, carpenters, plumbers etc. is one of the most daunting tasks to do so in a country like India. Employers belonging to the informal sector such as shops, salons, beauty parlors, food joints, […]
04/01/2021

Mirae launches India-focused fund to back early-stage startups

South Korean financial services company Mirae Asset group is betting on early-stage Indian startups with the launch of an India-dedicated fund. Mirae Asset Venture Opportunities Fund 1, with a corpus of USD 35 million and an option to take it up to USD 75 million, will cut cheques for seed […]
31/12/2020

MyClassboard raises INR 4.5 crore funding from ICICI Bank

MyClassboard, an end-to-end school management software provider, has raised INR 4.5 crore in pre-Series A funding from ICICI Bank.
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