Archive News

19/05/2022

Artha Venture fund, others invest USD 4.5 Million in chess platform HobSpace

Global chess platform HobSpace has raised pre-Series A funding of USD 4.5 Million from the Mankekar Family Office, Artha Venture Fund, Siddharth Shah and Dharmil Sheth from API Holdings and others. The startup plans to deploy the fresh capital for deeper investment in products and technology and to ramp up […]
18/05/2022

Northern Arc Capital, others bet INR 55 Cr on startup-focussed fintech Karbon Card

Fintech startup Karbon Card has raised INR 55 Cr in a debt financing round from Northern Arc Capital, UC Inclusive Credit and Oxyzo Financial Services . The startup plans to deploy the fresh capital to empower and enable startups and small and midsize businesses with corporate credit cards that they […]
18/05/2022

Ratan Tata invests in fuel e-commerce startup Repos Energy for 2nd time

Fuel e-commerce startup Repos Energy has raised INR 56 Cr in a combination of equity and debt in a pre-Series A round from Ratan Tata, along with other undisclosed investors. The Pune-based startup plans to deploy the fresh capital in building its product line, expand into different Indian geographies
18/05/2022

Fashinza ropes in WestBridge Capital, Prosus as new investors to raise USD 100 Million

Business-to-business marketplace Fashinza has raised nearly USD 100 Million in a mix of equity and debt from Westbridge and Prosus and other investors. The valuation for this round stands about USD 400 Million
18/05/2022

E-jeweller Melorra pockets USD 16 Million from Axis Growth, N+1, others

e-jeweller Melorra announced the first close of its Series D funding of USD 16 Million from Axis Growth Avenues AIF-I, SRF family office, N+1 and other existing investors. The firm plans to use the fresh funds to boost marketing activities and set up more offline units across India.
18/05/2022

Moglix backer Jungle Ventures hits final close of fourth VC fund at USD 600 Million

Jungle Ventures has marked the final close of its fourth Southeast Asia and India focused venture capital (VC) fund at USD 600 Million, higher than its initial target corpus of USD 350 Million. Jungle Ventures also took this opportunity to rope in new investors such as Japan’s Mizuho Bank and […]
17/05/2022

Mamaearth Acquires Majority Stake In Skincare Brand Dr. Sheth’s

Mamaearth has acquired a majority stake in skincare brand Dr. Sheth’s at a valuation of INR 28 Cr. The fresh capital will be used to scale Dr. Sheth’s business and Honasa Consumer will further deploy funds to expand its product offerings.
17/05/2022

Lenskart invests USD 100 Million in Neso Brands

Eyewear brand Lenskart has invested over USD 100 Million in seed funding in Singapore-based Neso Brands. The Singapore-based Neso Brands will further invest in consumer eyewear brands and grow them by leveraging synergies across the Lenskart Group to accelerate international expansion
17/05/2022

Eight Roads launches India-dedicated USD 250 Million healthcare fund

​​Venture capital firm Eight Roads Ventures announced the launch of its first India-dedicated life sciences and healthcare fund of USD 250 Million. The fund aims to invest in 15-20 companies over a period of three to four years
17/05/2022

Btomorrow Ventures, Multipoint Capital invest in AI solutions firm ParallelDots

Artificial intelligence startup ParallelDots which offers advanced image recognition solutions has raised a Series A funding of USD 4.5 Million from US-based Multipoint Capital and Btomorrow Ventures, the venture arm of BAT.
17/05/2022

Student accommodation startup Adventum raises USD 5 Million

Student accommodation platform UniAcco has raised USD 5 Million as growth capital in a funding round led by pharma company Idea Cures’ founder, Suresh Pareek. Other investors who took part in this round included Vipul Jain, Vikas Phadnis, Shreeji Brothers, among others.
17/05/2022

Smytten raises fresh fund in pre-Series B led by existing investors

Sampling and engagement platform for direct-to-consumer (D2C) brands Smytten has raised INR 100 crore in a pre-Series B funding round led by its existing investors Fireside Ventures and Roots Ventures. Smytten plans to use the funds to hire engineering talent and enhance its tech infrastructure
16/05/2022

B2B Startup Bytebeam Raises Funding To Simplify IoT Applications

Bengaluru-based B2B startup Bytebeam, which focuses on simplifying Internet of Things (IoT) products has raised USD 3 Million Seed funding from Together Fund, Accel and STRIVE VC. The round also saw participation from AdvantEdge VC , Phanindra Sama, Tanmai Gopal, Vimal Kumar, Mekin Maheshwari, Deepak Anchala, Aakrit Vaish etc
16/05/2022

Edtech Startup Ednovate Secures Investment To Roll Out Pan-India Expansion

Mumbai-based ed-tech startup Ednovate has raised an undisclosed amount of investment in a Series A funding round from Dr. Vinay Jain from Witty Group of Institutions. Other angel investors–Ajay Sarupria and Kaushik Mehta also participated in the round.
16/05/2022

Swiggy Acquires Times Internet-Owned Dineout To Take On Zomato’s Dine-In Biz

Food delivery giant Swiggy has signed definitive agreements with Times Internet to acquire its dining and online restaurant table booking service platform Dineout. Following the acquisition, Swiggy will build on Dineout’s strengths and take on Zomato’s dine-in business, bringing dining reservations to its suite of offerings
16/05/2022

Sonam Kapoor Invests In Gaming Startup Metaverse Platform MechaFightClub

Bollywood actress Sonam Kapoor has invested an undisclosed amount in the blockchain-based game MechaFightClub launched by online gaming startup Irreverent Labs.
16/05/2022

India Angel Network, Venture Catalysts, others back agritech firm Fyllo

Agritech startup Fyllo has secured USD 2 Million in a funding round co-led by India Angel Network, Triveni Trust and Ninjacart. The Bengaluru-based platform plans to use the fresh capital to expand its market footprint and focus on research and development to aid crop cultivation
13/05/2022

Vivriti Capital raises additional USD 30 Million from TVS Capital in Series C

Non-bank lender Vivriti Capital has raised an additional USD 30 Million from TVS Shriram Growth Fund as part of its Series C round. The fresh proceeds will be deployed to expand its business and technology footprints, hire new talents as well as step-up product supply and portfolio management
13/05/2022

Tiger Global writes USD 10 Million Series A cheque to Apnaklub

B2B wholesale platform for fast-moving consumer goods Apnaklub has secured Series A funding of USD 10 Million from Tiger Global. The startup plans to use the fresh proceeds to deepen its infrastructure in key states, expand the platform to 20,000 partners and build credit products.
13/05/2022

BLinC Invest marks final close of INR 100 Cr second fund

Venture capital firm BLinC Invest announced final close of its Fund II at INR 100 Cr. The Mumbai-based firm aims to make 5-7 investments across edtech and fintech startups, with an average cheque size of INR 10-20 Cr.
13/05/2022

NIIF leads USD 128 Million investment in Ather Energy

Electric two-wheeler company Ather Energy has raised USD 128 Million in its latest funding round led by National Infrastructure Investment Fund (NIIF) and existing backer Hero MotoCorp. Other existing investors in the company including angel founders also supported the round through minor investments.
12/05/2022

Fintech BharatX Bags USD 4.5 Million From Y Combinator To Help Consumer Companies Launch Credit Products

Bengaluru-based fintech startup BharatX has bagged USD 4.5 Million in its seed round. The fresh investment round was led by Y Combinator, 8i Ventures, Multiply Ventures, and Soma Capital. Existing investor Java Capital also participated in the round, along with angels such as Dropbox’s Arash Ferdowsi, Razorpay’s Harshil Mathur, and […]
12/05/2022

Serial Investor & Aakash Institute-Famed Aakash Chaudhry Backs HRtech Startup HONO In A USD 5 Million Round

Hrtech startup HONO has raised USD 5 Million in its Series A round. The round saw participation from BYJU’S-owned Aakash Institute’s MD Aakash Chaudhry, Aakash’s Group CFO Hemant Sultania, Amaya Ventures’ Amit Khanna and Udayat Group’s Harsh Gupta.
12/05/2022

MoEVing racks up additional USD 5 Million in seed round

Electric mobility technology platform MoEVing has secured additional funding of USD 5 Million through a mix of equity and debt, as a part of its seed round. The firm plans to use the fresh funds to ramp up its technology vertical and expand to 30 cities
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