Archive News

13/08/2021

MetroRide secures seed funding from a consortium of global investors

MetroRide, India’s first AI-based electric mobility platform has raised an undisclosed amount in seed funding from angel investors spread across Silicon Valley, New Jersey, and India including senior global executives like Shailesh Powdwal, Sudhir Pai, Bhagirath Tanna, and serial entrepreneur Sushant Divakar.
13/08/2021

Eruditus turns unicorn with USD 3.2 Billion valuation after USD 650 Million round led by Accel, Softbank

Eruditus, an edtech startup that offers professional education courses through collaboration with leading universities, has raised USD 650 million as a part of its latest Series E funding round led by Accel US and Softbank Vision Fund II at a post-money valuation of USD 3.2 billion.
13/08/2021

Verlinvest, Sequoia Capital, others invest in pet care firm Heads Up For Tails

Pet care company Heads Up For Tails, has raised INFR 277 crore in a Series A funding round led by Verlinvest and Sequoia Capital India, along with participation from Amitell Capital and existing investor W&C PetTech.
13/08/2021

Dailyhunt parent gets USD 450 million in new funds as valuation doubles

VerSe Innovation, the parent company of news aggregation platform Dailyhunt and short-video format Josh, has raised USD 450 million from investors led by Siguler Guff & Co, Baillie Gifford, affiliates of Carlyle Asia Partners Growth II, Bay Capital, and IIFL. Existing investors Sofina Group, Qatar Investment Authority and BCap also […]
12/08/2021

Location analytics startup Locale.ai raises INR 9.6 Cr in seed round from Chiratae Ventures, Better Capital

Bengaluru-based location analytics startup Locale.ai, has raised INR 9.6 crores in a seed round from Chiratae Ventures and Better Capital. The round also saw participation from HNIs.
12/08/2021

Software solutions provider Nirmata raises USD 4 Million in pre-Series A led by Z5 Capital

Nirmata, the software solutions provider for governance, compliance, security, and automation of production Kubernetes workloads and clusters, has raised USD 4 million in pre-Series A funding led by Z5 Capital, with participation from Uncorrelated Ventures, Samsung Next, Benhamou Global Ventures (BGV), and angel investors Saqib Syed and BV Jagadeesh.
12/08/2021

Blue Tokai Coffee Roasters raises INR 17 Crore led by Anicut Angel Fund

Specialty coffee startup Blue Tokai Coffee Roasters, has raised INR 17 crore in a pre-Series B bridge round led by Anicut Angel Fund, the equity arm of Anicut Capital, with participation from other new and existing investors.
12/08/2021

Dream Sports launches mega USD 250 million fund to invest in Indian startups

Dream Sports, which owns fantasy sports platform Dream11, has made an initial allocation of USD 250 million for its corporate venture capital and acquisitions arm. Dream Capital is looking to invest USD 1 million to USD 100 million in startups involved in sports, gaming, and fitness technology. The fund will […]
12/08/2021

Fintech startup Grip Invest raises USD 3 Million in Series A round

Asset backed investments digital platform Grip Invest, has raised USD 3 Million in its Series A round led by Venture Highway and Endiya Partners. The round also saw participation from AdvantEdge, existing investors Anicut Angel Fund and Gemba Capital, as well as few angels.
12/08/2021

Stellaris Venture Partners closes its second fund at USD 225 million

Early-stage venture capital firm Stellaris Venture Partners has announced the closing of its second fund at USD 225 Million. With this fund, Stellaris Venture Partners now has more than USD 300 Million in assets under management. From the new fund, Stellaris expects to make 25-30 new investments in Seed and […]
11/08/2021

Social commerce app Ping raises USD 3.5 Million in seed round led by Elevation Capital

Ping, the conversational community commerce app, has raised USD 3.5 million in seed funding led by Elevation Capital. Ping enables commerce and communication for agricultural producers, local manufacturers and home-based business owners.
11/08/2021

Pickrr raises USD 12 Million in Series B round led by IIFL, Amicus Capital

Gurugram-based Pickrr, a SaaS-based logistics startup, has raised Series B funding of USD 12 million in a Series B round led by IIFL, Amicus Capital, and Ananta Capital. Existing investors Omidyar Network India and Guild Capital also participated in this round.
11/08/2021

Wiz Freight Gets USD 3.5 Mn In Seed Funding From Axilor, Others

Wiz Freight, a full-stack digital freight management platform for emerging markets, has raised USD 3.5 million fund in its seed round led by Axilor. The round also saw participation from Arali Ventures and Foundamental, along with angel investors.
11/08/2021

NimbleBox.ai Raises USD 1 Million Seed Funding Led By Venture Catalysts

NimbleBox.ai, a Techstars portfolio company aiming to build and provide a complete toolkit for developers focused on artificial intelligence, has raised USD 1 million in a seed round led Venture Catalysts. The round also saw participation from The Chennai Angels, Nanavati Family, and Astarc Ventures.
11/08/2021

Edtech startup FlashPrep gets pre-seed funding from Venture Highway, others

FlashPrep, an education technology startup, has raised USD 500,000 in a pre-seed funding round led by Venture Highway, along with participation of Better Capital, First Cheque and a few angel investors. FlashPrep condenses study material into bite-sized information. It uses techniques such as spaced repetition that help students retain information […]
11/08/2021

Edtech startup BlueLearn raises USD 450K from Lightspeed India, others

BlueLearn, an education technology startup, has raised $450,000 in a pre-seed funding round led by Lightspeed India Partners, Titan Capital, 2am VC. A few angel investors also participated in the fundraise. BlueLearn provides a platform for students to learn new skills, network with like-minded peers, and get exposure from top […]
11/08/2021

Mudrex raises USD 2.5 million in funding round led by Nexus Venture Partners

Mudrex, a crypto asset management platform, has raised USD 2.5 million in a seed round led by Nexus Venture Partners with participation from Village Global, Kunal Shah, Anand Chandrashekharan, and Anjali Bansal.
11/08/2021

Westbridge, others invest Series A money in debt recovery platform Credgenics

New Delhi based Credgenics, which helps banks and NBFCs streamline their collection processes and reduce their non-performing assets, has secured USD 25 million in a Series A round. The funding was led by Westbridge Capital and Tanglin Venture Partners along with returning investor Accel Partners.
11/08/2021

Neuron7 raises USD 4.2 million from Nexus Venture Partners, Battery Ventures

Neuron7.ai, a new cloud-software company focused on the new category of service intelligence, has emerged from stealth mode and announced a seed investment of USD 4.2 million from Nexus Venture Partners and Battery Ventures. Neuron7.ai is known for using service intelligence platforms to enable enterprises to deliver critical service outcomes.
10/08/2021

Pravin Jadhav’s Raise Financial buys Moneylicious in stockbroking push

Raise Financial Services, a fintech startup founded by Paytm Money’s former chief executive officer Pravin Jadhav, has acquired stockbroking firm Moneylicious Securities for an undisclosed sum.
10/08/2021

CoinDCX enters unicorn club with B Capital-led USD 90 million fundraise

Cryptocurrency exchange CoinDCX, has raised USD 90 million in its Series C round, led by Facebook co-founder Eduardo Saverin’s B Capital. The round also saw returning investors Coinbase Ventures, Polychain Capital, Block.one, and Jump Capital among others. The funding values the company at USD 1.1 billion.
10/08/2021

upGrad raises funding from IFC and IIFL, turns unicorn

UpGrad Education, which focuses on higher education and imparting specialist skills to older Indians, has closed USD 185 million funding round at a valuation of USD 1.2 billion. Singapore’s Temasek Holdings Ltd, the World Bank’s International Finance Corporation and IIFL participated in the fundraising. The first tranche of this unnamed […]
10/08/2021

Amara Raja leads Series A+ round in battery tech startup Log9 Materials

Log 9 Materials, an advanced battery-tech and deeptech startup, has raised USD 8.5 million in its ongoing Series A+ funding round led by Amara Raja Batteries. Existing investors, including Exfinity Ventures and Sequoia Capital India’s Surge Programme, alongside a clutch of new investors were also a part of the Series […]
09/08/2021

IIFL Launches Seed Fund To Invest In Fintech Startups

Non-banking financial company IIFL, has launched an INR 100 Crore early-stage seed fund exclusively focused on Indian fintech startups. In addition to the funding, the company will also provide mentorship, collaboration opportunities, and partnerships to all these fintech ventures. The IIFL fintech fund, sponsored by IIFL Finance and IIFL Securities, […]
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