Archive News

06/05/2022

Startup investment bank JPIN launches two strategic funds, USD 20 Million for India fund

Global startup investment bank, JPIN has launched 2 strategic funds in India and UK to boost investments into the startup ecosystem across emerging markets. The India fund is an industry-agnostic one that will primarily focus on small and medium enterprises in the country.
06/05/2022

Agritech company Absolute raises USD 100 Million from Sequoia, Alpha Wave Global, Tiger Global

Plant bioscience company Absolute has raised USD 100 Million across recent funding rounds from Sequoia Capital India, Alpha Wave Global, and Tiger Global. The capital will be used to strengthen the firm’s technology, hire and scale in newer markets and segments
06/05/2022

Orios Venture Partners, ICICI bank invest in tech firm Bizzo

Tech startup Bizzo has raised USD 2 Million in funding led by Orios Venture Partners and ICICI bank. The company plans to use the fresh capital to help companies digitally build, scale and organize their businesses.
05/05/2022

NFT platform Rario raises USD 120 Million from Dream Capital

Dream Capital, the corporate venture capital and acquisitions arm of Dream Sports has led a USD 120 Million Series A funding round in cricket non-fungible token (NFT) platform Rario. The investment by Dream Capital will give Rario access to 140 million users of the former and help potentially create the […]
05/05/2022

Alternate asset manager Anicut Capital leads seed funding in HuddleUp

AI-backed talent retention platform HuddleUp has secured a seed funding of USD 550,000 led by alternate asset management fund, Anicut Capitaland also saw participation from First Cheque, Huddle, Upsparks, and marquee investors like Ritesh Malik, Rajesh Sawhney, Gireesh S and Mandeep Manocha
04/05/2022

Fintech Startup Kaleidofin Secures USD 15 Million From Michael And Susan Dell Foundation, Others

Fintech neobanking startup Kaleidofin has raised nearly USD 15 Million in a Series B funding round led by the Michael and Susan Dell Foundation. The round also saw participation from Bill & Melinda Gates Foundation’s Strategic Investment Fund, and other angel investors as well as existing investors.
04/05/2022

Element5 Raises USD 30 Million From Insight Partners To Help Healthcare Companies Automate Workflows

Automation-as-a-Service (AaaS) startup Element5 has secured USD 30 Million of funding in a Series B round led by Insight Partners. The fresh capital will be deployed to accelerate the startup’s offerings and hire new talent in India to build a healthcare product.
04/05/2022

Adani Wilmar buys basmati rice brand Kohinoor

Adani Wilmar announced acquisition of several brands including the renowned Kohinoor Brand – domestic (India region) from McCormick Switzerland GMBH for an undisclosed amount.The acquisition would give AWL exclusive rights over the brand ‘Kohinoor’ basmati rice along with its ‘ready to cook’ and ‘ready to eat’ curries, and meals portfolio […]
04/05/2022

Nazara founder backs healthtech platform Lifechart

Healthtech platform Lifechart has secured a pre-seed funding of USD 200,000 from Nazara Technologies’ founder Nitish Mittersain and Expert Dojo. Lifechart plans to deploy the fresh capital to expand its global footprints, set up India’s first health metaverse and roll out new alternative healthcare products.
04/05/2022

Internet provider Excitel racks up USD 11.5 Million in fresh funding

Internet services provider Excitel has secured USD 11.5 Million from existing and new investors, which will be used for gaining subscriber market share in the next few years
04/05/2022

Tiger Global, Sequoia co-lead USD 15 Million round in SaaS firm Toplyne

SaaS platform Toplyne has raised USD 15 Million in its series A funding round co-led by Tiger Global and Sequoia Capital India. The round also saw participation from existing investors Together Fund, Sequoia India’s Surge and angel investors from Canva, Vercel and Zoominfo.
04/05/2022

Tiger Global, IVP, others invest USD 60 Million in cybersecurity firm Traceable AI

Cybersecurity startup Traceable AI has raised USD 60 Million as a part of its Series B funding led by Institutional Venture Partners (IVP) with participation from Tiger Global Management and existing investors Unusual Ventures and BIG Labs
03/05/2022

Bollywood Personality Mira Kapoor Backs D2C Startup Wellbeing Nutrition

D2C health and nutrition startup Wellbeing Nutrition has received an undisclosed amount of funding from Bollywood personality Mira Kapoor at a post-money valuation of INR 350 Cr. The fresh capital will be used for business expansion and venturing into the kids’ category.
03/05/2022

021 Capital, Global Founders co-led USD 4.2 Million seed bet on interviewing AI firm BarRaiser

AI-powered interviewing platform BarRaiser has secured seed capital of USD 4.2 Million co-led by 021 Capital and Global Founders Capital, with participation from other angel investors. The startup plans to use the fresh funds to expand its geographical footprint and building team
03/05/2022

Open turns unicorn with USD 50 Million funding led by IIFL Finance

Neo-banking platform Open Financial Technologies has raised USD 50 Million in a Series D funding round led by IIFL Finance at over USD 1 Billion valuation. Existing investors Tiger Global, Temasek and 3one4 Capital also invested in this funding round
03/05/2022

Dental tech brand toothsi snags USD 40 Milliom in Series C from Eight Roads, IIFL, others

Tech-infused dental care brand toothsi has raised a USD 40 Million funding round led by Eight Roads Ventures, Paramark, IIFL, and the family office of Medlife co-founders. Existing investors Think Investments and the Mankekar family office participated in this funding round along with prominent individuals including Aditya Puri, Karan Singh
03/05/2022

JITO eyes up to 70 bets in next two years with INR 150 Cr to invest

Community-based JITO Angel Network is looking to deploy over Rs 150 Cr across 50-70 startups in the next two years. They have already invested around INR 47 Cr in fresh as well as follow-on investments in as many as 28 startup companies in FY22
03/05/2022

Twixor raises capital from Axilor Ventures, others in Series A round

Digital process automation platform Twixor has raised USD 2.4 million in its series A round from Season Two Ventures, Axilor Ventures, and The Chennai Angels. The company plans to deploy the fresh capital to further its innovation journey, strengthen strategic partnerships, global expansion, and hire talent.
03/05/2022

Soonicorn Zepto raises USD 200 Million at valuation of USD 900 Million; aims to double hiring

Zepto, a 10-minute grocery delivery app has raised USD 200 Million in a Series D funding round led by Y Combinator and also saw participation from new investor Kaiser Permanente with existing investors Nexus Venture Partners, Glade Brook Capital, and Lachy Groom
02/05/2022

Sequoia-Backed Wingreens Farms To Acquire Snacks Brand Postcard

Packaged food startup Wingreens Farms is acquiring a 100% stake in Bengaluru-based snacks startup Postcard for around USD 2.1 Million in a combination of cash and share swap deal. The acquisition will help Wingreens Farms further increase its product portfolio under its ‘Wingreens World’
02/05/2022

Chiratae Ventures To Raise USD 600 Million To Ramp Up Investments In Tech Space

Chiratae will raise two funds worth USD 400 Million for new investments and a USD 200 Million opportunities fund for investing in its existing top-performing portfolio startups.
02/05/2022

Adani group plans massive foray into healthcare, plans USD 4 Billion investment

The Adani group led by billionaire Gautam Adani is planning a massive foray into the healthcare sector and may acquire large hospitals, diagnostic chains, and offline and digital pharmacies, among other assets, to establish a foothold in the sector
29/04/2022

Fintech Startup Finbots.AI Raises USD 3 Million From Accel To Expand Its Asia Footprints

Fintech startup Finbots.AI, a venture targeted at banks and financial institutions has raised USD 3 Million in a Series A round from Accel to expand its footprints in Asia. The fundraise will be used to enhance products, marketing and sales, and customer support apart from recruiting senior talent and expanding […]
29/04/2022

Drone Startup ideaForge Raises USD 20 Million In Series B Funding To Fuel Global Ambition

Drone manufacturing startup ideaForge has raised USD 20 Million in a Series B funding round led by private equity firm Florintree. The round also saw participation from other existing investors such as Celesta, Infosys, Qualcomm, Infina, along with the Exim Bank of India.
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