Archive News


State Bank of India invests in digital payment firm Cashfree

Financial-technology firm Cashfree, which focusses on online payments by Indian businesses, has raised an undisclosed amount from State Bank of India (SBI).

Thrasio-Styled Startup Evenflow Raises Funding From Equanimity

Mumbai-based startup Evenflow Brands, has raised an undisclosed amount from Mumbai-based VC Equanimity Ventures. Evenflow acquires and scales third-party brands that sell on ecommerce marketplaces such as Amazon & Flipkart in a model similar to the one popularised by Thrasio.

Mental health startup Now&Me raises USD 1 Million led by Saama and Whiteboard Capital

Now&Me is a platform for mental health care support, has raised USD 1 million seed funding led by Saama Capital and Whiteboard Capital.

CarterX Raises Funds From Venture Catalysts

Baggage delivery platform CarterX, has raised an undisclosed Seed-round from the integrated incubator and accelerator Venture Catalysts. Other co-investors that participated in the round included Mumbai Angel Network and JPIN.

Artha Ventures overshoots maiden fund target, raises INR 220 crore

Micro venture capital firm Artha Venture Fund has raised investor commitments worth more than INR 220 crore for its debut fund, overshooting its target to raise INR 200 crore. The debut fund aims to make 10-12 investments per year at the seed, pre-series A, and Series A stages and will […]

QYOU Media acquires India’s influencer firm Chtrbox

United States and Canada based QYOU Media will acquire India based influencer marketing company Chatterbox Technologies operating with the brand Chtrbox, for an undisclosed amount.Chtrbox will continue to run as an independently positioned brand

Crejo.Fun raises USD 3 million in seed funding led by Matrix

Matrix Partners has led a USD 3 million seed-stage funding at Createjoy Technologies, parent operator to Crejo.Fun. Other investors in the round included 021 Capital, Kalyan Krishnamurthy, Sujeet Kumar, Rahul Chari, Kunal Shah, Prashant Purker, Saikiran Krishnamurthy, Mekin Maheshwari, Srinivas Anumolu, Ankit Nagori, Lalit Keshre, Giridhar Malpani, and Gemba Capital

Cloud Telephony Platform Exotel Raises INR 45 Crores From A91, Blume

Enterprise tech platform Exotel has raised INR 45 Crores from A91 Partners and Blume Ventures and also saw participation from Binny Bansal, Reliance Jio president Vikas Choudhury, MakeMyTrip’s Deep Kalra and ICICI Labs’ Rohan Angrish and others.

SucSEED Invests In Sports start-up Str8bat

Sucseed Angel Network has invested an undisclosed amount in an IoT solution platform Str8bat Sports Tech Solutions to expand into sports and analytics. The round also saw participation from several marquee angel investors like Professor Padmanabhan, Professor Sameer Hasija, Samit Shetty, and Gilbery Rodrigues

Digital platform Spardha raises INR 3 Crores in pre-Series A1 round led by IPV

Digital platform Spardha raised INR 3 crores in a Pre-Series A1 round led by angel investment platforms Inflection Point Venturesand also saw participation from few US-based high networth individuals . The funds raised will be utilized in marketing, hiring and expanding its presence in the UK, Singapore, Canada and Australia
04/06/2021 raised funding from HNIs to to develop its product and scale up its distribution network, a digital academy for extracurricular activities raised USD 500,000 as part of its seed investment round from HNIs and angels. The investors include Ankit Nagori, Neeraj Aggarwal, and Abhishek Nag

India SME returns to KreditBee in new round

India SME Investments said it injected INR 60 Crores in a mix of debt and equity into the holding entity of fintech lending platform KreditBee to expand its BFSI portfolio.

OfBusiness to raise up to USD 150 Million from Vision Fund 2 at USD 1.3 Billion valuation

Gurugram based OVB Tech, which operates B2B marketplace OfBusiness, is in talks to raise up to USD 150 million from SoftBank Vision Fund 2. The round is expected to value the startup at USD 1.3 billion

Investment Tech Platform FlipItNews Raises INR 18 Crores In Seed Funding

Delhi-NCR based financial literacy startup FlipItNews has raised INR 18 Crores as seed funding. The funding will be in the form of equity and OCDS, which will be used to build new product characteristics, revamp technology-based infrastructure, and acquire more customers

Logistics Startup Locus Raises USD 50 Million In Series C Funding

Logistics automation and decision-making platform Locus has raised USD 50 Million in Series C funding led by Singapore’s fund GIC and also saw participation from Qualcomm Ventures LLC and existing investors Tiger Global and Falcon Edge.

Browser Testing Startup LambdaTest Raises USD 16 Million In Series B Funding

Browser testing startup LambdaTest has raised USD 16 Million in a Series B funding round led by Sequoia Capital India and also saw participation from Wamda Capital and Telstra Ventures. The funding will be used to scale its testing ecosystem and to build next-generation cloud infrastructure for users.

HR Tech Startup Dockabl acquired by Binny Bansal’s xto10x

Flipkart co-founder Binny Bansal owned xto10x acquired SaaS-based HR tech startup, Dockabl for an undisclosed amount to make scaling easier for organizations globally. The deal will strengthen its product suite to allow a comprehensive solution for organizations to align company objectives, link them to employees’ performance, and manage feedback reviews

FinTech Startup Neokred Raises Undisclosed Seed Capital

Infrastructure neo bank Neokred Technologies Pvt Ltd said it completed its seed round of funding for an undisclosed amount. The investment was led by Virenxia Group and founder of B21 Ltd and PayGlobal Ltd, Nitin Agarwal.

Holisol raises funding from Northern Arc Capital to scale up its fulfillment network

Supply chain logistics firm Holisol said it raised an undisclosed amount in debt capital from digital debt platform Northern Arc Capital. The company said it intends to use the funds to scale up its fulfillment network across India and support its customers across more than 80 cities in India.

Fable Fintech raises Series A round to expand its product across Asia, North America, Middle East & African markets

Payment processing platform Fable Fintech raised an undisclosed amount in a Series-A funding round led by Pentathlon Ventures, stock market investors Ashish Kacholia and Lashit Sanghvi, and former Wall Street banker Sumeet Kanwar. Existing investors PayTM and Infibeam Avenues also pooled in money in this round.

Egreens launches INR 15 Crores fund for agritech bets

Egreens, a Delhi-based investment firm, has launched INR 15 Crores fund to back early-stage agritech startups. The fund will target opportunities in innovative market linkages, artificial intelligence, and machine learning in farming practices and the implementation of IoT (Internet of Things) across the supply chain.

Prosus, Dragoneer, Wellington lead USD 255 Million round in Urban Co at USD 2.1 Billion valuation

Home services company Urban Company has closed its ongoing growth round of funding of USD 255 Million led by Prosus Ventures, Dragoneer Investment and Wellington Management and also saw participation from Vy Capital, Steadview Capital, Tiger Global and DF International Partners

WEH Ventures launches second fund with INR 100 crores target corpus

Early-stage venture capital fund WEH Ventures has launched its second fund with a target to raise INR 100 crores, more than double the corpus of its previous fund. The sector-agnostic vehicle will invest primarily in startups seeking to solve India-first problems at an early stage.

Impact Investor Harsha Moily Launches USD 200 Million Fund To Boost India’s Cleantech Ecosystem

Impact investor and entrepreneur Harsha Moily is launching a USD 200 Million venture fund that will invest in India’s cleantech ecosystem and climate technology sector