Archive News

11/04/2022

Elevation Capital raises USD 670 Million for fifth India-focussed fund

Venture capital and growth-equity investment firm Elevation Capital has raised USD 670 million for its fifth India-focussed vehicle. The new vehicle just like its predecessors would continue to focus on the Seed and Series A stage.
11/04/2022

Sequoia’s Surge, Nexus Venture, others back one-year-old video platform Dyte

Live video and audio calling platform Dyte announced USD 11.6 million capital raise from Unbound, Sequoia Capital India’s Surge and Nexus Venture Partners in a seed round.
08/04/2022

Foodtech Unicorn Rebel Foods Acquires Majority Stake In Chocolate Brand SMOOR

Foodtech unicorn Rebel Foods has acquired a majority stake in luxury chocolate brand SMOOR to further consolidate its position as the Thrasio of food. The amount of acquisition was not disclosed by either of the companies but Rebel Foods has acquired more than 50% stake in Bengaluru-based chocolate brand SMOOR
08/04/2022

GIC To Invest USD 200 Million In CRED, Valuation To Reach USD 6.5 Billion

Singapore-based sovereign wealth fund GIC would lead a fresh funding round of USD 200 Million in fintech startup CRED. The new funding round would value Dreamplug Technologies, the parent company of CRED at more than USD 6.5 Billion
08/04/2022

Jimmy’s Cocktails Raises Funding To Take Omnichannel Approach For Expansion

F&B startup Jimmy’s Cocktails has raised USD 1.8 Million in Pre-Series A funding round led by Roots Ventures and also saw participation from 7Square Ventures, Vishesh Khurana, Varun Alagh and existing investors including Keki Mistry, Vidur Talwar, Anirudh Somani among others
08/04/2022

P2P Rural Commerce Startup Rozana Raises Pre-Series A Funding From 3one4 Capital, Others

Peer-to-peer (P2P) rural commerce startup Rozana has raised USD 2.5 Million in a Pre-Series A round led by 3one4 Capital and Europe’s IEG-Investment Banking Group. The round also saw participation from angel investors Manisha Girotra, the CEO of Moelis and Surendra Kumar Jain, cofounder at Sequoia & Westbridge Capital.
08/04/2022

Content intelligence firm Instoried gets GEM’s USD 200 Million capital commitment

Instoried, an artificial intelligence (AI)-based content intelligence platform has secured a capital commitment of USD 200 million from alternative investment fund GEM Global Yield Fund LLC. Company plans to use the funds to expand its global marketing efforts primarily in the US.
07/04/2022

Speciale Invest Sets Up Second VC Fund Worth INR 286 Cr With Focus On Early Stage Startups

Speciale Invest has announced the final closure of its second fund of INR 286 Cr. The fund’s interests include enterprise software products (emerging from deep tech in cloud, voice & vision ML/AI, image analytics, AR/VR ) and industrial hardware products (emerging from deep tech in propulsion tech, robotics, rocket engines, […]
07/04/2022

Token Powered Social Media Network Taki Bags USD 3.4 Million Funding To Bet Big On India

Taki bags which positions itself as a platform where users can earn a ‘daily income by simply posting content and chatting with others has raised USD 3.4 Million from 11 investors including Indian crypto exchanges such as CoinDCX and Coinbase Ventures, among other firms
07/04/2022

Eight Roads Ventures leads Series A round in healthtech firm Doceree

Doceree Media which runs physician-only platform Doceree has raised Series A funding of USD 11 Million led by Eight Roads Ventures with participation from F-Prime Capital and Alkemi Growth Capital.
07/04/2022

Sequoia-backed Rattle snags USD 26 Million from Insight Partners, GV, others

Software-as-a-service (SaaS) startup Rattle Software has raised USD 26 Million in a Series A round led by US-based Insight Partners. The fundraise also saw participation from GV, formerly known as Google Ventures, and existing investors Sequoia Capital India and Lightspeed India Partners.
07/04/2022

IndiQube bags USD 30 Million from promoters, WestBridge Capital

Flexible workspace provider IndiQube has raised USD 30 Million in Series B funding for its next phase of growth, from the company’s promoters, existing investors WestBridge Capital and Ashish Gupta., an angel investor
06/04/2022

CultYvate raises INR 4.5 crore in a pre-series A round from Sunicon Ventures, others

CultYvate, an IoT-enabled agritech platform has raised INR 4.5 crores in a pre-series A round. The round was led by Sirius One Capital Fund, alongside other marquee investors including Sunicon, The Chennai Angels, LV Angel Fund, and Prodapt Technology Holding.
06/04/2022

Aavishkaar Capital announce USD 130 Million first close of its sixth India fund

Aavishkaar Capital, the impact investing arm of the Aavishkaar Group, has announced USD 130 million first close of its sixth fund dedicated to India.
06/04/2022

‘Save Now, Buy Later’ Focused Fintech Startup Tortoise Bags Funding From Vertex, Kunal Shah

Fintech startup Tortoise has received USD 2.3 Million in a seed funding round led by Vertex Ventures. Better Capital, Cloud Capital, and other investors including Kunal Shah, founder of CRED; Neeraj Arora, former chief business officer of WhatsApp; Ankur Nagpal, founder of edtech firm Teachable; and Ganesh Rengaswamy, cofounder of […]
06/04/2022

PayU, IFC Invest USD 15 Million In Supply Chain Finance Startup Vayana Network

Mumbai-based supply chain finance provider Vayana Network is raising funding from two global fintech solution providers – PayU, and International Finance Corporation.
06/04/2022

Nazara Invests In US Based Gaming Fund BITKRAFT Ventures

Nazara Pte. Ltd, a wholly-owned subsidiary of Mumbai-based Nazara Technologies is investing USD 2.5 Million in US-based gaming fund BITKRAFT Ventures. With this investment, Nazara aims to leverage BITKRAFT’s network for potential partnerships and investment into the company and its subsidiaries.
06/04/2022

Alia Bhatt-Backed Phool.co Bags USD 8 Million To Make Animal Leather Obsolete

D2C wellness startup Phool.co has raised USD 8 Million in a Series A round from Sixth Sense Ventures and existing investors Bollywood actress Alia Bhatt and IAN Fund.
06/04/2022

Vested Finance Raises USD 12 Million In Series A To Expand Team And Launch New Products

Silicon Valley and Mumbai-based investment tech startup Vested Finance has raised USD 12 Million in a Series A funding round led by Ayon Capital. Existing investors Tenoneten, Ovo Fund, Wedbush Ventures, IPV, and Upscale also participated in the funding round. The round also saw the participation of new investors 9Unicorns, […]
06/04/2022

MakeMyTrip’s Fintech Arm Acquires Majority Stake In Foreign Currency Exchange BookMyForex

Indian travel company MakeMyTrip’s fintech arm TripMoney has acquired a majority stake in BookMyForex, India’s online foreign currency exchange services provider.
06/04/2022

Indian Cricketer KL Rahul Invests In Men’s Apparel Brand XYXX

Surat-based men’s apparel brand XYXX has raised an undisclosed amount of investment from Indian cricketer KL Rahul. With this investment, Rahul has also become an ambassador of XYXX.
06/04/2022

Dailyhunt And Josh Parent Raises USD 805 Million

Dailyhunt and short video app Josh’s parent VerSe Innovation has raised USD 805 Million in a round led by Canada Pension Plan Investment Board (CPPIB), Ontario Teachers’ Pension Plan Board (OTPPB), Luxor Capital and Sumeru Ventures. Existing investors Sofina Group and Baillie Gifford, among others, also participated in the round, […]
06/04/2022

Gupshup acquires VC-backed Active.ai

Conversational messaging platform Gupshup has acquired conversational AI platform for banks and fintech companies Active.Ai and is in talks with potential investors for a pre-IPO funding of USD 100-200 million or even larger.
06/04/2022

Speciale Invest, Infoedge, others back robotics firm CynLr

Vyuti Systems Private Limited, has raised USD 4.5 million in a funding co-led by Speciale Invest and growX Ventures. The round also saw participation from Anicut Capital, Infoedge, Java Capital, Venture Catalysts, Arali Ventures, Srivats Ram (MD, Wheels India, TVS Group) and Shriram Vijayaraghavan (President, Wheels India, TVS Group).
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