Archive News

15/06/2022

Accel, Together Fund, others lead seed round in Spendflo

Spendflo Inc, a SaaS buying platform has raised USD 4.4 Million in a seed funding led by Accel India and Together Fund and also saw participation from BoldCap and Signal Peak Ventures along with founders and operators from Airbase, Zuora, Ivanti, CleverTap, Slintel, LamdaTest, Haptik, Wingify among others.
15/06/2022

Speciale Invest, Micelio Fund, others invest in cleantech firm NewTrace

Bengaluru-based cleantech platform Newtrace has secured USD 1 Million in a seed funding co-led by Speciale Invest and Micelio Fund, with participation from angel investors. The startup plans to use the fresh funds to ramp up its technology and develop electrolyzers of up to 10 MW by 2027 to boost […]
15/06/2022

Tiger Global leads USD 40 Million Series A round in B2B startup Groyyo

Business-to-business manufacturing and automation startup Groyyo has raised a USD 40 Million funding in a combination of equity and debt led by Tiger Global and also saw participation from existing investors including Alpha Wave, Sparrow Fund and Stride Opportunities, with other investors like Bahram Vakil and Vineet Gautam with debt […]
15/06/2022

Shiprocket to acquire Pickrr for around USD 200 Million

Marking a major consolidation in the e-commerce enablement industry, Shiprocket has agreed to acquire Pickrr for around USD 200 Million in a mix of cash and stock deal. One of the main synergies is their combined data pool that will lead to warehouse optimization, consumer intelligence, and conversion optimization.
15/06/2022

Leo Capital, Blu Ventures invest USD 2.65 Million in blockchain firm Zeeve

Blockchain deployment platform Zeeve has secured a seed funding of USD 2.65 Million from Leo Capital and Blu Ventures. The startup plans to use the fresh funds to scale its product portfolio, ramp up the tech team and expand reach to decentralized app developers and global firms
14/06/2022

8i Ventures Partially Exits M2P Fintech At A 36x ROI

Early-stage venture capital fund, 8i Ventures has announced a partial exit from fintech startup, M2P Fintech at a return on investment (ROI) of 36X. 8i Ventures originally exited M2P Fintech in April this year after selling one-fifth of its 4.5% stakeholding in the startup.
14/06/2022

Tiger Global Backed Chaayos Raises USD 45 Million In Series C Funding Round

Tea-cafe chain Chaayos has raised USD 45 Million as part of its Series C funding round led by Alpha Wave Ventures and also saw participation from existing investors such as Tiger Global Management, Elevation Capital and Think Investments. With this round, the startup’s valuation stands at around USD 250 Million
14/06/2022

D2C Skincare Brand Foxtale Secures Funding To Expand Product Range

Mumbai-based direct-to-customer (D2C) skincare startup Foxtale has raised USD 4 Million in a Pre-Series A funding round led by Matrix Partners India, with participation from existing investor Kae Capital, along with a few angel investors.
14/06/2022

Green power-focused firm Terra.do closes seed round led by Avaana Capital

Climate change-focused startup Terra.do has closed a seed funding of USD 5 Million led by Avaana Capital and also saw participation from MCJ Collective, Albert Wenger, Gaurav Agarwal, and Anirudh Gupta among others
14/06/2022

Edtech platform Toprankers bags funding from Sixth Sense Ventures

Toprankers, an edtech platform for careers beyond engineering and medical has raised USD 4 Million from consumer-focused venture capital firm Sixth Sense Ventures. The startup will use the fresh proceeds to improve its existing products and launch new ones
14/06/2022

Infra.Market snags USD 50 Million from Liquidity Group’s MARS Unicorn Fund

Infra.Market, a technology-enabled marketplace for on-demand construction materials has raised USD 50 Million from MARS Unicorn Fund of global capital market fund Liquidity Group. The company will use the fresh proceeds to cater to newer global markets and boost its presence across product verticals, especially in its chemical vertical
14/06/2022

Sequoia Capital announces USD 2.85 Billion fund for India, Southeast Asia

Venture capital and growth investment firm Sequoia Capital has raised USD 2.85 Billion across three funds to continue financing entrepreneurs across the Southeast Asia region including India. Introducing a first dedicated Southeast Asian fund worth USD 850 Million, Sequoia will invest the remaining substantial portion towards the Indian venture and […]
14/06/2022

PoS app QueueBuster raises Series A funding from Chiratae, Omidyar, others

QueueBuster, a mobile-based point-of-sale (PoS) application has raised INR 63.3 Cr in a Series A funding round led by Chiratae Ventures, Omidyar Network India, and Flourish Ventures. DMI Alternative Investment Fund and Unaprime Investment Advisors also participated in this investment round
14/06/2022

Maharashtra to set up INR 200 Cr fund to back women-run deeptech startups

Maharashtra will roll out an INR 200 Cr fund to back state-bound deep-tech early stage startups, especially being spearheaded by women
13/06/2022

Razorpay Leads Series A Funding In Fintech Startup HostBooks

Gurugram-based fintech startup HostBooks has secured USD 3 Million through debt financing in its Series A funding round. The round was led by fintech unicorn Razorpay. HostBooks will use the funds to scale operations and develop its existing product suite.
13/06/2022

D2C Rollup Unicorn GlobalBees Invests In Five Brands

D2C brand aggregator GlobalBees which is a Thrasio-style arm of IPO-bound FirstCry has invested in nutrition brands HealthVit and Top Gummy; personal care brands UrbanGabru and Urban Yog and lifestyle brand Kuber Industries. Globalbees has invested up to INR 50 Cr in each brand.
13/06/2022

SolarSquare gets seed funding from Good Capital, others

Mumbai-based energy platform SolarSquare has secured seed funding of USD 4 Million led by Good Capital, with participation from US-based Lowercarbon Capital, Symphony Asia and Nithin Kamath’s Rainmatter & also saw participation from Better Capital and Climate Angels among others
10/06/2022

Peyush Bansal’s Lenskart Bags USD 28 Million From Avendus

IPO-bound eyewear giant Lenskart is raising close to USD 28.2 Million from Avendus Future Leaders Fund II. The fresh round is raised at USD 4.3 Billion valuation
10/06/2022

Kunal Shah, Y Combinator Back Dairy Alternatives Startup Brown Foods

Dairy alternatives startup Brown Foods has raised USD 2.36 Million as part of its seed funding round. The round also saw participation from institutional investors such as Y Combinator, AgFunder, SRI Capital, Amino Capital, Collaborative Fund and angel investors such as Kunal Shah.
10/06/2022

Lightspeed-backed Pepper Content snags USD 14 Million

Content writing and services platform Pepper content has raised USD 14.3 Million as a part of its Series A funding round led by Bessemer Venture Partners and also saw participation from Tanglin, Lightspeed, Titan Capital, and individuals like Gokul Rajaram, Ritesh Agarwal, Abhinav Sinha, Ankur Nagpal among others
10/06/2022

Axilor, 1crowd back meat and fish distribution firm FreshR

B2B supplier of fish and meat products FreshR has racked up seed funding of USD 1.2 Million co-led by Axilor Ventures and 1crowd. The New Delhi-based platform plans to deploy the fresh proceeds to expand its geographical presence, grow tech vertical and build team.
10/06/2022

Purplle races to unicorn with USD 33 Million extended Series D round

Online beauty products marketplace Purplle has turned unicorn after raising USD 33 Million in a fresh round of funding led by South Korean investment firm Paramark Ventures. The company’s existing backers Premji Invest, Blume Ventures, and Kedaara Capital also participated in this round
10/06/2022

Vernacular news app Way2News snags Series A funding from WestBridge, Sashi Reddi

Vernacular hyperlocal short news app Way2News has raised USD 16.75 Million in its Series A funding round from WestBridge Capital and venture capitalist Sashi Reddi. The Hyderabad-based company will use the fresh capital to expand in the southern states of Tamil Nadu, Karnataka and Kerala
10/06/2022

Ex-upGrad exec floats USD 10 Million fund for early-stage firms

Former upGrad executive Kushal Bhagia announced launch of a USD 10 Million venture capital fund to back pre-seed and seed-stage founders from India. Fund will typically invest USD 100-300 K in Indian startups in the first round and successive funding rounds
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