Archive News

27/04/2022

Staqu seeks to bolster demand for its proprietary AI tech via pre-Series A round

Staqu has raised INR 11 crore as part of its pre-series A funding round from Mount Judi Venture and SIS Limited. Existing investor Indian Angel Network (IAN) exited the company partially in this round.
26/04/2022

BNPL Fintech Startup Zenda Raises USD 9.4 Million From VentureSouq, Others

Buy now pay later (BNPL) fintech startup zenda has raised USD 9.4 Million in an oversubscribed seed funding round. The round saw participation from STV, COTU, Global Founders Capital, and VentureSouq.
26/04/2022

FreshMenu Bags USD 6.5 Million From Former Blackstone MD’s Fund

Foodtech and cloud kitchen startup FreshMenu will be raising USD 6.5 Million from former Blackstone India MD Cyriac Mathew’s Florintree Advisors.
26/04/2022

Edtech Platform Veranda Learning To Acquire Test-Prep Institute T.I.M.E. For INR 287 Cr

Edtech platform Veranda Learning has signed a definitive agreement to acquire test-preparation institute T.I.M.E. for INR 287 Cr.The acquisition will enable Veranda to expand its footprint across the country. Once the deal goes through, it will also mark Veranda’s foray into the MBA, NEET and JEE test-prep segment.
26/04/2022

Google’s Bradley Horowitz, Binny Bansal, others invest in Humantic AI

Personality assessment startup Humantic AI on Monday said it has secured a fresh funding of USD 1.5 million from Coinbase and Pinterest board member Gojul Rajaram, John Donovan, ex-CEO, AT&T communications and Amit Singh, board member, Asana.
26/04/2022

UAE-based fintech startup zenda raises USD 9.4 Million in seed round

nexopay Technologies Pvt Ltd has raised USD 9.4 million in its seed round with participation from investors like Middle eastern venture capital companies, STV, COTU, VentureSouq and US-based Global Founders Capital.
26/04/2022

Northern Arc invests debt in EV startup Zypp Electric

Bycyshare Technologies Pvt Ltd, which runs electric vehicle-based last-mile delivery service provider Zypp Electric, has raised USD 1 million in debt funding from Northern Arc.
25/04/2022

Nykaa To Acquire Stakes In Earth Rhythm, Nudge Wellness & KICA

Nykaa is acquiring stake in three D2C brands – Earth Rhythm, Kica, and Nudge Wellness. The company disclosed the investment in a letter to the market regulator SEBI. Nykaa will be acquiring 18.5% stake in skincare brand Earth Rhythm for INR 41.65 Cr.
25/04/2022

Tiger Global Invests USD 27.5 Million In B2B Ecommerce Startup GenieMode

The Gurugram-based ecommerce startup is raising USD 27.5 Million in a fresh round of funding led by Tiger Global. The round, which seems to be a Series B funding round, will also see participation from its existing investors Info Edge.
25/04/2022

Telecom Startup WIOM Raises USD 4 Million In Seed Funding

Telecom startup WIOM has raised USD 4 Million in a seed funding round led by YourNest and 9 Unicorn. The round also saw participation from other existing investors such as Auxano and Omidyar Network India.
25/04/2022

GlobalBees Invests In Consumer Electronics Startup Candes

D2C brand aggregator GlobalBees will be investing in D2C appliance brand Candes. GlobalBees is investing USD 3.2 Million for 39.26% stake in Candes.
25/04/2022

Cold Chain Start-up Celcius Raises USD 4.5 Million From Mumbai Angels, Others

Celcius Logistics Solutions Pvt Ltd, has raised USD 4.5 million in a bridge funding round led by Mumbai Angels. Other investors who took part in this funding round include Supply Chain Labs, Endurance Capital, VCats, Keiretsu Forum, Huddle, among others.
25/04/2022

ITC Infotech to pick up slice of PTC’s product management biz services

ITC Infotech on Friday will buy a segment of Nasdaq-listed PTC’s product lifecycle management (PLM) implementation business services and set up its own business unit, DxP Services.
22/04/2022

B2B Packaging Solutions Startup DCGpac Raises Funding

B2B packaging solutions startup DCGpac raised USD 1.5 Million in a Pre-Series A round led by Venture Catalysts, 9Unicorns with participation from Inflection Point Ventures.
22/04/2022

Mom Care Brand Mylo Raises USD 17 Million To Launch Health Service Vertical, Expand Operations

Mylo raised the funds from W Health Ventures, ITC Ltd and Endiya Partners. Riverwalk Holdings, Alteria Capital and Innoven Capital also participated in Mylo’s Series B round, taking the total fund raised by the startup to USD 24 Million.
22/04/2022

Dream Capital leads USD 120 Million funding in cricket NFT platform Rario

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.
22/04/2022

Accel-backed personal care brand Believe raises USD 55 Million in Series C round

Singapore-based beauty and personal care (BPC) products company, Believe Pte Ltd has raised USD 55 million in its Series C funding round. New investors Venturi Partners and IIFL AMC participated in the funding round along with existing Jungle Ventures, Accel, Alteria Capital and Genesis Alternative Ventures, the company said in […]
22/04/2022

Steadview Capital leads USD 25 Million Series B round in Newton School

Incanus Technologies Pvt. Ltd, which runs edtech startup Newton School, has raised Series B funding of USD 25 million led by Steadview Capital, with participation from existing investors Nexus Venture Partners and RTP Global.
22/04/2022

Cold Chain Start-up Celcius Raises USD 4.5 Million From Mumbai Angels, Others

Celcius Logistics Solutions Pvt Ltd, which operates the cold chain start-up Celcius has raised USD 4.5 million in a bridge funding round led by Mumbai Angels. Other investors who took part in this funding round include Supply Chain Labs, Endurance Capital, VCats, Keiretsu Forum, Huddle, among others.
21/04/2022

Rural tech start-up Hesa acquires GullyBuy

Rural technology start-up Hesa has announced the acquisition of GullyBuy, a digital marketing technology platform, based out of Pune.
21/04/2022

IFC, PayU invest INR 114 crore in Vayana Network

Vayana Network has raised a further INR 114 crore as part of its Series C funding from International Finance Corporation (IFC) and PayU.
21/04/2022

Ola, is acquiring neobank Avail Finance for USD 49.6 Million

In a resolution passed by ANI Technologies, its board approved an investment of USD 49.6 Million in Goddard Technical Solutions, which operates Avail Finance. Ola owned 9% shares in Avail Finance and will now be acquiring the remaining 88.8% stake in the startup.
21/04/2022

Enterprisetech Unicorn Gupshup Continues Acquisition Spree; Buys AI Startup AskSid To Strengthen Product Offerings

Enterprisetech unicorn Gupshup has acquired a 100% stake in conversational AI provider AskSid in an all-cash deal.
21/04/2022

Cold Chain Startup Celcius Raises USD 4.5 Million To Help Small-Scale Regional Transporters Across India

Mumbai-based cold chain startup Celcius has raised USD 4.5 Million as a part of a Series A funding round led by Mumbai Angels. It aims to close the Series A round at USD 10 Million in the coming months. The round saw participation from investors such as Mumbai Angels, Supply […]
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