Archive News

20/05/2022

Lenskart, 9 Unicorns, others back location intelligence firm GeoIQ

Eyewear brand Lenskart led a USD 2 Million investment in a pre-Series A round in location intelligence platform, GeoIQ. The round also saw participation from existing investors like 9 Unicorns, Venture Catalysts and Ecosystem Ventures.
20/05/2022

SaaS platform Inflection.io snags USD 5 Million in MHS Capital-led round

Software-as-a-service product startup Inflection.io has secured seed funding of USD 5 Million led by MHS Capital. and also saw participation from Version One, Cercano Management, Matt Heinz, Edward Unthank, Justin Gray, Adam Schoenfeld, Ray Carroll and others.
19/05/2022

Fintech Giant Innoviti Bags USD 10 Million From Netherland Based FMO

Bengaluru-based digital payment solution startup Innoviti raised USD 10 Million from FMO. The latest fundraise seems to be part of the startup’s larger Series D round. The fintech startup intends to go for public listing and the subsequent tranches will be closed in the upcoming months.
19/05/2022

Indian Robotics Firm GreyOrange Raises USD 110 Million To Help Companies Automate Warehouse Ops

Tiger Global-backed Indian robotics firm GreyOrange has raised USD 110 Million in comprehensive growth financing. A majority of the latest funding came from its existing investor Mithril Capital Management and a distinguished group of current and new investors along with separate financing provided by funds and accounts under management by […]
19/05/2022

Personal Care Brand WOW Skin Science Secures Investment To Widen Product Portfolio

Personal care D2C brand WOW Skin Science has raised an undisclosed amount of investment from Singapore-based sovereign wealth fund GIC. The fresh capital will be deployed for brand building, hiring talent across verticals and launching new products.
19/05/2022

Inflection Point Ventures, others back relocation firm HappyLocate

Relocation platform HappyLocate has raised pre-Series A funding of USD 1.1 Million led by Inflection Point Ventures, with participation from VM Ventures and RMZ Management. The startup plans to use the fresh money to boost its operational excellence and expand its corporate reach
19/05/2022

Tiger Global leads USD 15 Million round in crypto treasury manager Coinshift

Crypto treasury management and infrastructure platform Coinshift has raised USD 15 Million in a Series A funding round led by Tiger Global. The company will use the funds to launch its latest version in beta which will be available through a waitlist
19/05/2022

Elevation Capital, Eight Roads Ventures co-lead USD 15 Million round in D2C brand BlissClub

Women’s activewear direct-to-consumer (D2C) brand BlissClub has raised USD 15 million as a part of its Series A round co-led by Eight Roads Ventures and existing investor Elevation Capitaland also saw participation from investors including Swiggy CEO Sriharsha Majety; Mamaearth Co-Founder Ghazal Alagh; Licious Co-founders Vivek Gupta and Abhay Hanjura; […]
19/05/2022

HealthySure valuation hits INR 50 Cr after raising additional funds

Inflection Point Ventures-backed Insuretech startup HealthySure raised an undisclosed additional capital from LetsVenture and its founders. The Company’s valuation has climbed to INR 50 Cr after securing. The company plans to use the fresh money to boost its group health insurance-led offerings
19/05/2022

Ninjacart raises an additional USD 9 Million from Mainstreet Digital, STIC

Business-to-business marketplace for agricultural produce Ninjacart has raised INR 75 Cr from Asian investors STIC and Mainstreet Digital. Both Mainstreet Digital and STIC have invested INR 37.5 Cr each
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.
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