Archive News

27/05/2022

Fintech firm Taxbuddy bags funding from existing UAE investor

Taxbuddy.com, has secured USD 2 Million in funding led by existing investor United Arab Emirates (UAE)-based fund Zenith Global. Other existing investors also participated in this funding round.
27/05/2022

JM Financial leads Series B funding in logistics firm Emiza

JM Financial has led a Series B funding round of INR 37.5 Cr in a warehousing and fulfillment services provider, Emiza Supply Chain Services. The company will use the fresh capital to strengthen its technology, enter into last-mile operations and expand into new geographies
27/05/2022

Fintech company SaveIN raises additional fund in extended seed round

Credit-focused fintech startup SaveIN has raised USD 1.1 Million in additional funding from Guernsey-based Bayhouse Capital as part of its extended seed round. The Gurugram-based platform plans to use the fresh capital for product development, growing in-house teams and market expansion.
27/05/2022

Riverwalk launches INR 150 Cr fund to back early-stage startups

Riverwalk Holdings has aunched an INR 150 Cr early-stage venture capital fund to invest in consumer brands, software-as-a-service (SaaS), fintech, and consumer tech startups from seed to Series A stage. The fund will be investing up to INR 10 Cr in each startup
26/05/2022

Ex-Gaana CEO’s NFT Marketplace FanTiger Raises USD 5.5 Million To Help Artists Create & Sell Music NFTs

NFT marketplace FanTiger has raised USD 5.5 Million in a seed round led by Multicoin Capital. Institutional investors including Krafton, Pravega Ventures, GAMA, Woodstock Fund, IOSG Ventures and Polygon participated in the seed round.
26/05/2022

Robotics Startup Genrobotics Raises Funding From Zoho To Alleviate Manual Scavenging

Robotics startup Genrobotics has raised INR 20 Cr from Chennai and San Francisco-based SaaS giant Zoho Corp. The funds will be used to expand Genrobotics’ R&D, build large production facilities, hire talent and expand its footprint across the world.
26/05/2022

Men’s D2C Apparel Brand Almo Secures Investment To Offer Sustainable Clothing

Sustainable men’s apparel D2C startup Almo has raised USD 2 Million in a Pre-Series A funding round led by Inflection Point Ventures along with LetsVenture, AngelList India, and other angel investors.
26/05/2022

EV Financing Startup Three Wheels United Bags USD 10 Million To Launch In 10 New Cities

Three Wheels United , a fintech startup that provides financing for electric vehicles has raised USD 10 Million in a Series A round of funding led by Delta Corp Holdings. Existing investor Techstars, along with new ones Grip Invest with a few investors in the Middle East and Europe also […]
26/05/2022

Edtech Startup Infinity Learn Acquires Majority Stake In Wizklub

Edtech startup Infinity Learn has acquired a majority stake in Wizklub for USD 10 Million. Wizklub is a holistic cognitive development edtech startup targeted at 6-14 years old school children. With this acquisition, Infinity Learn has launched ’Infinity Futurz’ to further augment its portfolio offerings to the K12 segment
26/05/2022

Bharat Innovation Fund Backs Software Startup A5G Networks

Software startup, A5G Networks has received an undisclosed amount of investment from deep tech-focussed venture capital fund Bharat Innovation Fund. The funds will be used to hire talents, boost customer engagement across the globe and accelerate A5G’s business.
26/05/2022

Inventus eyes INR 900 Cr corpus for 4th fund, rebrands itself as Athera

Early-stage venture capital (VC) firm Inventus India has launched the fourth fund that seeks to raise INR 900 cr and has rebranded itself as Athera Venture Partners
26/05/2022

Country Delight raises USD 108 Million in Series D round

Country Delight, a direct-to-consumer (D2C) food essentials brand has raised USD 108 Million in a Series D round taking its valuation to USD 615 Million. The round was led by new investors Venturi Partners and Temasek with participation from SWC Global and Trifecta Capital
26/05/2022

Blockchain-based STAN bags funding from General Catalyst, Better Capital, others

Blockchian-based esports fan engagement startup STAN has secured seed funding of USD 2.5 Million led by General Catalyst. The round also saw participation from Better Capital and Eximius Ventures, along with angel investors including Aadil Mamujee from Opensea and Nakul Gupta from Coinbase, among others.
26/05/2022

ABB’s e-mobility wing buys controlling stake in EV-focused firm Numocity

Global tech firm ABB Group’s electric mobility arm has acquired a controlling stake in Bengaluru-based electric vehicular infra company Numocity Technologies for an undisclosed amount. This is the first acquisition by a global company in the Indian EV space
26/05/2022

Dallas Venture Capital raises separate India fund of USD 50 Million

US-based venture capital (VC) firm Dallas Venture Capital is raising a separate fund in India of USD 50 Million from local investors even as it closed its main fund in the US. DVC US Fund II plans to invest alongside its India fund in business-to-business SaaS startups over the next […]
26/05/2022

WSO2 raises USD 93 Million in round led by Info Edge arm, existing investor Goldman Sachs

Digital transformation technology provider WSO2 has marked final closure of its Series E funding of USD 93 Million led by Info Edge’s arm RedStart Labs and Goldman Sachs. WSO2 plans to use the fresh proceeds to expand its business footprint across India.
26/05/2022

India Discovery Fund, Mumbai Angels, others back edtech firm SpeEdLabs

Artificial intelligence-based ed-tech platform SpeEdLabs has raised a pre-Series round of USD 2.5 Million led by 35 North Venture – India Discovery Fund. The round also saw participation from Mumbai Angels, LetsVenture, Ecosystem Ventures, Ah Ventures, SucSeed Ventures, and a few family offices.
25/05/2022

Edtech startup Jovian raises capital from Y Combinator, others

Data science and machine learning-focused ed-tech startup Jovian has raised INR 12 Cr in its seed funding round led by Multiply Ventures and also saw participation from Y Combinator, Better Capital and angel investors such as Kunal Shah, Phanindra Sama, Aprameya Radhakrishna, Anand Madhavan, among others
25/05/2022

BluSmart concludes Series A with corpus of USD 50 Million after current round

Electric taxi-hailing platform BluSmart has raised USD 25 Million in an extended Series A1 round in mix of equity and debt. With this extended round of funding Company has closed its Series A funding at USD 50.7 Million
25/05/2022

GIC to invest up to INR 2,195 Cr in Aditya Birla’s fashion arm for 7.5% stake

Fashion retailer Aditya Birla Fashion and Retail announced that they are raising up to INR 2,195 Cr from an affiliate of GIC, Singapore’s sovereign wealth fund. GIC will invest INR 770 Cr towards subscription of equity and warrants followed by up to INR 1,425 Cr in one or more tranches […]
25/05/2022

ShopSe snags USD 6 Million from BeeNext, Chiratae, White Venture

Fintech platform ShopSe has raised Series A funding of USD 6.1 Million from BeeNext, Chiratae Ventures and White Venture Capital. The startup plans to deploy the fresh capital towards adding 150,000 more retailers to its portfolio this year.
25/05/2022

Agritech firm Krishi Network buys Better Capital-backed Rocket Skills

Agritech startup Krishi Network has acquired agriculture-focused edtech platform Rocket Skills for an undisclosed amount. With this acquisition, Krishi Network plans to boost its operations and expand its ground presence with farmers. The firm is also planning to gradually rebrand Rocket Skills as Krishi Safal and roll out another agri-focused […]
25/05/2022

SoftBank Vision Fund 2 leads Series B funding of USD 150 Million in Firework

Firework, a livestreaming commerce and digital transformation platform has raised USD 150 Million in Series B funding round led by SoftBank Vision Fund 2. This investment will trigger accelerated growth across markets and particularly India
25/05/2022

Matrix Parners, Accel bet on MSME fintech startup NAKAD

NAKAD, a supply chain fintech for Indian MSMEs, has raised USD 7 Million in a seed funding round, co-led by Matrix Partners India and Accel. Early-stage VC fund AdvantEdge Founders also participated in this round. The company will deploy the funds to increase hiring and scale operations within India.
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