Archive News

03/06/2022

Saudi Arabia’s Abdul Latif Jameel to invest up to USD 220 Million in Greaves Electric Mobility

Saudi Arabia-based family-owned global investor Abdul Latif Jameel has committed to invest up to USD 220 Million in two-to-three-wheeler mobility company Greaves Electric Mobility. Company will use the fresh capital for investment in new products, associated technologies, and marketing
03/06/2022

Venture Catalysts, IPV, others invest in ruraltech startup Hesa

Telangana-based rural tech startup Hesa has raised USD 2.3 Million in a pre-Series A funding round led by Venture Catalysts and also saw participation from Venture Catalysts US Chapter, angel networks Faad, IPV, and WFC, and other angel investors
03/06/2022

Curefoods mops up USD 50 Million in Series C round

Curefoods, a cloud kitchen startup has raised USD 50 Million in a Series C funding round from a mix of new and existing investors.The startup will use the fresh capital to expand its existing brands in new geographies and acquire new brands
02/06/2022

Bellatrix Aerospace Raises USD 8 Million To Test Its Space Propulsion Technologies

Spacetech startup Bellatrix Aerospace has raised USD 8 Million in its Series A funding round led by BASF Venture Capital GmbH and Inflexor Ventures and also saw participation from StartupXseed, Pavestone Capital, Mankind Pharma family office, Survam Partners and Karsemven Fund.
02/06/2022

Eloelo Raises USD 13 Million For Its Creator-Led Live Social Video Platform

Eloelo has raised USD 13 Million in a Series A funding round led by KB Investments and Kalaari Capital and also saw participation from existing investors such as Waterbridge Ventures and Lumikai Fund, as well as venture capital (VC) firms Convivialité Ventures and Rocket Capital.
02/06/2022

Fintech unicorn Slice snags USD 50 Million in Series C led by Tiger Global

Fintech unicorn Slice has raised USD 50 Million in a Series C funding round led by existing investor Tiger Global and also saw participation from new investor GMO Venture Partners and other existing investors Moore Strategic Ventures and Insight Partners
02/06/2022

Cuemath raises USD 57 Million led by Alpha Wave, valuation doubles to USD 407 Million

Online math tutoring platform Cuemath has raised USD 57 Million in a funding round led by Alpha Wave and also saw participation from existing investors Lightrock India, Sequoia Capital India, Alphabet independent growth fund CapitalG, Manta Ray, and Unitus.
02/06/2022

Bertelsmann, General Catalyst co-lead USD 25 Million Series B round in Orange Health

Healthtech startup Orange Health has secured a Series B funding of USD 25 Million co-led by Bertelsmann India Investments and General Catalyst & also saw participation from existing investors like Accel, Y Combinator, Good Capital, and Uncorrelated Ventures.
02/06/2022

Accel-backed Spyne buys photography service provider Travographer

Eventila Technologies which runs an AI-based business photography firm Spyne has acquired photography service provider Travographer for an undisclosed sum. Spyne plans to onboard over 100 employees across technology, marketing, and sales in the next quarter
02/06/2022

MoEngage bags USD 77 Million cheque from Goldman Sachs, B Capital

MoEngage, customer analytics and cross-channel engagement platform has raised USD 77 Million in its Series E round of funding led by Goldman Sachs and B Capital. The company’s existing investors Steadview Capital, Multiples, Eight Roads Ventures, and Matrix Partners India also participated in this round.
02/06/2022

Dvara E-Dairy racks up pre-Series A capital from Axilor, Dvara Venture

Agri-fintech firm Dvara E-Dairy Solutions has raised pre-Series A funding of USD 2 Million from Axilor and Dvara Venture Studio, an initiative of Dvara Holdings.The platform plans to use the fresh funds to expand into newer geographies, scale up operations and invest in technology
02/06/2022

Israel-based startup Coralogix raises USD 142 Million, to expand India presence

Israel-based data SaaS startup Coralogix has raised USD 142 Million in a Series D funding round co-led by Advent International and Brighton Park Capital & also saw participation from Revaia and existing investors Greenfield, Red Dot Capital,O.G. Tech, StageOne Ventures, Joule Growth Partners and Maor Investments.
02/06/2022

Elevation Capital, CoinDCX, others invest in digital wallet Liminal

Liminal that secures digital assets in a simple & efficient way has secured USD 4.7 Million in a funding round led by Elevation Capital and also saw participation from LD Capital, Woodstock, Nexus, CoinDCX, Hashed, Cadenza Ventures, Vauld, Better Capital and Sparrow Capital among others
01/06/2022

L Catterton leads USD 50 Million round in cosmetics brand Sugar

Sugar Cosmetics has secured Series D funding of USD 50 Million led by US-based private equity fund L Catterton and also saw participation from the company’s existing backers- A91 Partners, Elevation Capital and India Quotient
01/06/2022

Elevar Equity leads funding in tech-led NBFC founded by Stride Ventures founders

StrideOne, a tech-led financial services platform has raised INR 250 Cr via a mix of debt and equity. The equity funding was led by early-stage venture capital firm Elevar Equity, while the debt was raised from top Indian banks
01/06/2022

Singapore-based Privyr raises USD 6 Million from MassMutual Ventures, others

Mobile customer relationship management app Privyr has raised USD 6 Million in its series A funding round led by MassMutual Ventures and Vulcan Capital. The Company plans to deploy the fresh capital to expand its product capabilities, increase market penetration and scale its team
01/06/2022

Jungle Ventures-backed BetterPlace makes 4th acquisition, buys OkayGo

BetterPlace, a platform for blue-collar workforce management has acquired gig workforce management platform OkayGo for an undisclosed sum. Through this acquisition, BetterPlace aim to provide opportunities for India’s 90 million gig-workforce by company’s task-based workforce management offering
31/05/2022

Agritech Startup Nutrifresh Bags Funding To Offer Fresh Produce To Consumers & B2B Aggregators

Agritech startup Nutrifresh has raised USD 5 Million in a funding round led by Archer Investment, Florintree, Green Frontier Capital and also saw participation from Sky Kurtz, Dr. Soumitra Dutta, Shaishav Dharia from Lodha Group, Karan Goshar from Samarthya Investment.
31/05/2022

Data analytics firm Synaptic snags USD 20 Million in Valor Equity Partners-led round

Synaptic, a data analytics startup has raised USD 20 Million in a Series B funding round led by Valor Equity Partners. The company plans to use the funds in product development, grow its partnerships with data vendors and expand its go-to-market teams in the global financial hub
30/05/2022

SatSure makes US foray with acquisition of geospatial firm Old City Innovations

Marking a foray into the US market, Bengaluru-based space tech startup SatSure Analytics has acquired Philadelphia-based geospatial services provider Old City Innovations (formerly Geospoc LLC) in a cash-plus-stock deal.
30/05/2022

D2C footwear brand CHUPPS raises capital in pre-Series A round

Direct-to-consumer sustainable footwear brand CHUPPS has raised USD 1.5 Million in its pre-series A funding round from Green Frontier Capital and other lead investors such as Gunavanth Vaid from 4G Capital, Kaushal Vora from Genesis Packaging, among others
30/05/2022

Y Combinator, GMO Venture Partners, others back venture debt firm 8vdX

8vdX, a venture debt firm has secured USD 3 Million from Y Combinator, GMO Venture Partners, Zillionize, Cathexis and Grant Park, among others. The round also saw participation from super angels Vikram Chachra (Slice, M2P, CarWale) and Kevin Moore (Drip, RobinHood, ZoomCar).
27/05/2022

RattanIndia Enterprises Acquires 60% Stake In Drone Startup Throttle Aerospace Systems

RattanIndia Enterprises acquired a 60% stake in Throttle Aerospace through NeoSky India Limited, its wholly-owned subsidiary engaged in the business of drones. However, the company didn’t disclose the financial details of the deal.
27/05/2022

Innoviti raises additional INR 75 Cr in Series D from Dutch investor FMO

Eponymous payments-focused financial technology firm has raised an additional INR 75 Cr as part of its Series D funding round from existing investor FMO, the development finance institution of the Netherlands. The fintech company will raise another INR 125 Cr in the next few weeks towards the final closing
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