Archive News


Ola acquires Pikup ai aims to develop deep tech solutions for mobility

Ola has acquired Pikup ai, an artificial intelligence startup based out of Bangalore which is Co-founded by Inder Singh and Ritwik Saikia.

Online craft marketplace Tjori raises pre-Series A funding

Online craft marketplace Tjori has raised USD 700,000 in its pre-Series A funding round from a clutch of investors in India and the Middle East.

John Chambers-backed AI startup Uniphore closes Series C funding round

Uniphore Software Systems Pvt Ltd has raised USD 51 million in a Series C funding round led by March Capital Partners including Chiratae Ventures, Sistema Asia, CXO Fund, Iron Pillar and the Patni family.

Meesho bags USD 125 million from Facebook, Naspers & others

Social commerce startup Meesho has raised USD 125 million, led by South African media and internet group Naspers, with participation from US technology company Facebook and existing investors SAIF Partners, Sequoia Capital, Shunwei Capital, RPS and Venture Highway.

Swiss impact investor responsAbility leads USD 10 million funding in Aye Finance

Aye Finance Pvt Ltd has raised debt worth USD 10 million led by Zurich-based responsAbility Investments AG and joined by US development finance agency Overseas Private Investment Corp and European pension fund Alecta.

Bertelsmann India leads USD 30 million funding in gold loan platform Rupeek

Rupeek Fintech Pvt Ltd, a financial technology company that operates an online marketplace for gold loans has raised USD 30 million in a funding round led by Bertelsmann India Investments, the strategic investment arm of Germany’s Bertelsmann SE & Co KGaA.

Fashion-tech startup GetNatty secures seed funding

GetNatty Designtech Pvt Ltd, an online-to-offline designer brands aggregator and fashion discovery platform has raised seed funding from a bunch of individuals that i includes Abhay Kumar, chairman and managing director of realty firm Grihapravesh Buildteck, and former Indian Revenue Service officer Binod Choubey.

Ant Financial may set terms for Zomato’s USD 500 million round

Zomato’s key stakeholder, Ant Financial, is likely to have a critical say in the food delivery platform’s plans to raise around USD 500 million in a new funding round.

Software firm Innovaccer to raise USD 60 million

Tiger Global Management and Steadview Capital along with Dragoneer Investment Group, are in advanced talks to invest USD 50-60 million in Innovaccer, an enterprise software company focusing on putting together healthcare data collected at various points.

Tiger Global, Vogo in USD 50 million talks

New York-based investment firm Tiger Global Management is in preliminary talks with Vogo Automotive, which owns and operates an eponymous scooter rental platform, to invest USD 40-50 million in the Bengaluru-headquartered startup

ChrysCapital leads USD 30 million round in Awfis

ChrysCapital, has led a USD 30 million equity funding round in coworking space provider Awfis Space Solutions.

German firm invests in Indian IoT and machine learning venture Winjit

Germany’s RIB Software SE has invested in Nashik-based Winjit Technologies Pvt Ltd to strengthen its capabilities in emerging technologies such as internet of things and artificial intelligence.

Agri-tech startup Gramophone raises Series A funding from Info Edge, others

Agricultural technology startup Gramophone, which provides actionable insights to farmers through its platform, has raised USD 3,5 million in its Series A round of funding from a clutch of investors.

Temasek lining up USD 100 million for Ascent Health and Wellness

Temasek is finalising an estimated USD 100 million equity financing round in Ascent Health and Wellness, as global investors continue to pump in capital in pharmaceutical ventures.

Faasos parent Rebel Foods gets USD 125 million from Coatue, others

Rebel Foods, which owns and operates multi-brand cloud kitchen platforms, has raised USD 125 million in a fresh round of funding, led by New York-based technology-focused hedge fund Coatue Management.

Walmart likely to put USD 50 million into NinjaCart

US retailing behemoth Walmart has committed to investing close to USD 50 million in fresh fruit and vegetable supply chain startup Ninja-Cart.

Healthcare services aggregator Plunes raises angel funding

Plunes Technologies Pvt Ltd, which provides medical solutions by aggregating doctors and healthcare service providers, has raised USD120,000 from angel investors as part of an ongoing seed round.

Venture Catalysts sets up USD 43 million accelerator fund to back startups

Venture Catalysts, a Mumbai-based startup incubation platform, has floated a fund with a corpus of INR 300 crore to help early-stage Indian startups expand their business.

Tiger Global leads USD 75 mn funding round in UrbanClap

US-based investment firm Tiger Global has led a Series E funding round of USD 75 million in UrbanClap Technologies India Pvt Ltd, a Gurugram-based startup that operates a home services marketplace.

Dutch development bank FMO plans USD 42 mn investment in Aavishkaar Venture

FMO, the Netherlands’ development finance company, plans to make an investment of USD 42 million in social-impact investor and asset manager Aavishkaar Venture Management Services Pvt Ltd.

Vymo gets Series B cheque from Salesforce investor, Sequoia

Vymo an app that helps field sales teams manage their work more efficiently, has raised USD 18 million in a Series B funding round from venture capital firm Emergence Capital.

Sequoia leads Series A funding round for fintech firm Progcap

Financial technology startup Progcap has raised USD 5 million in a Series A round of funding led by venture capital firm Sequoia Capital India.

Customised apparel brand Alma Mater Store gets funding from Wazir Advisors MD

Alma Mater Store, a customised apparel brand, has raised USD 200,000 from Harminder Sahni, who is the founder and managing director of Wazir Advisors.

Sequoia Capital, DSP Group, others lead INR 100 crore funding round in Pocket Aces

Sequoia Capital, DSP Group and 3one4 Capital, have led a INR 100 crore funding round in Mumbai-based Pocket Aces, the digital entertainment company.