Archive News


Cars24 set to pick up USD 80 million from backers

Cars24 is in the final stages of closing a fresh equity-financing round, estimated at USD 70-80 million, as the online used car marketplace looks to expand its presence across the country.

TVS Motor invests USD 3,85 million in machine learning company Tagbox

TVS Motor Co Ltd has invested nearly INR 27 crore in machine learning company Tagbox Solutions as part of a Series A funding round.

Sequoia-backed HealthKart gets fresh funding from new investor Sofina

Bright Lifecare Pvt Ltd, which runs omnichannel health products store HealthKart, has raised  USD 25 million fresh capital from new investor Belgium-based investment company Sofina.

Edtech startup Classplus gets USD 1,6 million in pre-series A

Edtech startup Classplus has raised USD 1,6 million in its pre-series A funding round led by Times Internet and GREE Ventures.

Trustroot puts INR 139 crore in Udaan

Hiveloop Technology, which owns and operates B2B online marketplace Udaan, has received fresh funding from its Singapore-based parent Trustroot Internet.

Incubator HealthStart backs healthcare analytics startup CapBuild Clinical Skills

CapBuild Clinical Skills Private Limited, a healthcare analytics startup, has raised an undisclosed sum of money from incubator HealthStart.

Indian online pharmacy Netmeds in talks to raise up to USD 100 million

Online pharmacy Netmeds has started a fundraising process to raise up to USD 100 million, as the industry consolidates amid regulatory troubles. 

CBA Capital leads pre-Series A funding round in online recruitment firm Skillenza

Skillenza, a software-as-a-service-based online hiring firm, has raised USD 1 million in a pre-Series A funding round led by CBA Capital’s Education Catalyst Fund.

Chumbak raises INR 70 cr from Gaja Capital and others

Lifestyle company Chumbak Design has raised INR 70 crore in series D fund-raising from investors led by home-grown private equity fund Gaja Capital

GSK Velu-backed Stakeboat leads Series E funding round in Dvara KGFS

Financial inclusion services provider Dvara Kshetriya Gramin Financial Services Pvt Ltd (Dvara KGFS) has raised USD 4 million in a Series E funding round.

Jennifer Lopez, others back wellness startup Sarva

Yoga and wellness startup Sarva has raised its first round of external funding from a clutch of investors including Jennifer Lopez and Alex Rodriquez.

Hero Group’s Suman Kant Munjal invests in smart home appliances maker Atomberg

The family office of Hero Group’s additional director Suman Kant Munjal has invested an undisclosed amount in Atomberg Technology Pvt Ltd.

ftcash raises INR 50 crore in Series A

Fintech startup ftcash has raised INR 50 crore in Series-A round led by global non-profit Accion and the Dutch development bank FMO with participation from existing investor IvyCap Ventures.

OYO to acquire Amsterdam based vacation rental company @Leisure Group

OYO Hotels & Homes is acquiring Amsterdam based vacation rental company @Leisure Group for about 369 million euros .

BlackBuck raises USD 150 million in Series D funding round

Logistics-tech startup BlackBuck has raised USD 150 million in its Series D round

Tiger Global leads $50-mn funding round in Zenoti

New York-based investment firm Tiger Global Management is leading a Series C funding round of USD 50 million in Zenoti

GrowX Ventures invests in digital lending startup Progcap

Financial technology firm Progcap, which provides debt to micro and small businesses, has raised USd 1 million  in a round of funding led by early-stage investment firm GrowX Ventures.

UiPath raises USD 568 million in series D funding round

Robotic process automation startup UiPath has raised USD 568 million in Series-D funding, taking its post-money valuation to USD 7 billion. The funding round was led by Coatue, with Dragoneer, Wellington and Sands Capital joining in.

Lodha Group CEO backs co-living startup Housr

Co-living startup Housr Technologies Pvt Ltd has raised funding from a clutch of senior real estate executives.

Y Combinator-backed placement services startup AccioJob gets fresh funding

Acciojob, a Gurugram-based startup which offers placement services for students, has raised  USD 180,000 in a fresh round of funding led by Mehta Ventures, a family office.

Naspers, Sequoia double down on shared mobility startup Quick Ride

Shared mobility startup Quick Ride has raised INR 100 crore  from South African technology conglomerate Naspers and venture capital firms Sequoia Capital India and Venture Highway as part of its Series B round of funding.

Mumbai Angels Network leads funding in Leadstart Publishing

Publishing house Leadstart Publishing has raised INR 3 crore in a funding round led by Mumbai Angels Network.

Omnivore raises USD 97 million for its second fund

Omnivore Partners, an early-stage venture investment firm, has raised USD 97 million for its second fund by UK’s CDC Group, Dutch development bank FMO and BASF Venture Capital.

VC arm of Japan’s SBI Group leads Series B round in health-tech firm Mfine

Mfine, an app that lets users link with doctors through live chat or video under a minute has raised USD 17 million in a Series B funding round led by SBI Investment, the venture capital unit of Japan’s financial services company SBI Group.