Archive News

03/11/2022

CredR raises debt from Yamaha

CredR, an omnichannel marketplace for used two-wheelers, has raised INR 16.17 Cr via convertible debt from existing backer Yamaha Motor. This is the first debt round of the Mumbai-based company in 2022. Leveraging the franchise model, it plans to open 50 showrooms by FY23.
03/11/2022

Elevation, Lowercarbon Invest In Energy Platform SolarSquare

Mumbai-based energy platform SolarSquare Energy has secured INR 100 Cr as a part of its Series A funding, co-led by Elevation Capital and Chris Sacca’s Lowercarbon Capital. The startup plans to use the fresh funds to expand its footprint across India in the next 18-24 months.
03/11/2022

The Sleep Company Raises Fresh Funds In Series B Round

The Sleep Company, an online retailer of mattresses, has received Series B funding of INR 177 Cr from Premji Invest and Fireside Ventures. The Sleep Company sells a range of products, including mattresses, pillows, cushions, as well as beds, and chairs.
03/11/2022

Affle Global Leads Series C Round In Ratan Tata-Backed CashKaro

Cashback and coupons platform CashKaro, operated by Pouring Pounds India Pvt. Ltd raised USD 15.7 million in a Series C funding round led by Affle Global Pte. Ltd. The startup plans to utilize this capital to scale up user acquisition, marketing, expansion into new business verticals, product development, and hiring […]
02/11/2022

Accel, Quona Capital Lead Funding Round In Shivalik Small Finance

Noida-based Shivalik Small Finance Bank has raised INR 111 Cr in a round led by Accel and Quona Capital with participation from Bharti Axa Life Insurance. The fresh funds will be used to enhance the tech stack, strengthen its team and deepen partnerships
02/11/2022

JSW Ventures Makes Debut Electric Mobility Investment

JSW Ventures has marked its first bet in the electric mobility space by investing USD 2.5 Million in MoEVing. The fresh money will be deployed by the Gurugram-based startup to further scale up its electric mobility unit for driver-partners, expansion, and building a tech-focused team across all functions.
02/11/2022

Kalaari, Others Back Upskilling Platform AlmaBetter

Upskilling startup AlmaBetter Edutech has secured seed funding of USD 2.7 Million from venture capital firm Kalaari Capital and a clutch of angel investors and founders including Vidit Aatrey (Meesho), Rajesh Yabaji (Blackbuck) and Varun Alagh (Mamaearth), among others.
01/11/2022

Lotus Herbals Acquires 20% Stake In D2C Startup Yogic Secrets

Lotus Herbals has acquired 20% stakes in nutraceutical startup Yogic Secrets. Following the acquisition deal, the startup has raised an undisclosed amount of strategic funding from the family office of Lotus Herbals.
01/11/2022

Microsoft Backs Indian HRTech Unicorn Darwinbox

HR-tech unicorn startup Darwinbox has added an American multinational technology corporation company to its captable. Sequoia Capital-backed Darwinbox has secured USD 4 Million from Microsoft Corporation. Darwinbox entered the unicorn club earlier this year after raising USD 72 Million at USD 1 Billion valuation
01/11/2022

YCombinator-Backed Decentro Raises Funding From Rapyd Ventures, Others

Fintech startup Decentro has raised USD 4.7 Million in its Series A funding round led by Rapyd Ventures along with Leonis VC and Uncorrelated Ventures. Further, angel investors Kunal Shah from CRED, Lalit Keshre from Groww, Beerud Sheth from Gupshup and Pratekk Agarwaal from BharatPe also participated in the funding […]
01/11/2022

Colours Maker Roha Dyechem Acquires VC-Backed Saraf Foods

Roha Dyechem, a manufacturer of synthetic and natural colors has acquired Saraf Foods Ltd, a freeze-dried agricultural product company, for an undisclosed amount. The transaction provided an exit to promoter Suresh Saraf and his family, and the company’s existing financial investors
01/11/2022

Mocero has raised seed funding of INR 1.3 Cr led by Inflection Point Ventures.

Healthtech startup Mocero has raised seed funding of INR 1.3 Cr led by angel investing firm Inflection Point Ventures. The funds will be utilized by Mocero to develop its product portfolio and boosting sales channel.
01/11/2022

The Meat Chop has raised INR 7 Cr from a clutch of investors in a seed round.

Chennai-based meat retail chain The Meat Chop has raised INR 7 Cr from a clutch of investors in a seed round. The fundraise saw participation from Mohan K (Co-founder at IppoPay), Ankur Agarwal (Co-founder at Dunzo), Rahul Mahipal (founder at Capitar Ventures) and others, with global investors.
01/11/2022

Optiwise.ai raises USD 1.3 Million from StartupXseed Ventures

Artificial intelligence-backed digital marketing startup Optiwise has secured USD 1.3 Million in a seed funding round led by venture capital firm StartupXseed Ventures. The firm will deploy the fresh proceeds to further invest in product, scale up the team and expand its footprint from North America to other e-commerce regions […]
01/11/2022

SphitiCap Makes Second Investment From Maiden Fund

Early-stage venture capital fund SphitiCap, invested USD 11.5 Million in fintech startup PayVeda. Founded in 2019, Payveda is aimed at bridging the gap in financial inclusion in India’s underserved markets.
31/10/2022

SaaS Firm Serosoft Rakes In INR 30 Cr From SIDBI Venture Capital

Educational software and solutions company Serosoft Solutions has raised INR 30 Cr in Series A funding from investment management firm SIDBI Venture Capital Limited. It plans to use the fresh funds to accelerate global growth across key markets in North America, Europe and Australia, build new features into the product […]
31/10/2022

Climate-Focused Neev II Fund Invests In Hygenco

Neev II Fund has invested an undisclosed amount of investment in Hygenco Green Energies which develops and deploys green hydrogen green ammonia-powered production solutions. While the fund kept the amount undisclosed, Hygenco received funding of INR 210 Cr as per the British government’s official website.
28/10/2022

boAt Raises INR 500 Cr From Warburg, Malabar; IPO Plans Delayed

D2C electronics brand boAt has raised INR 500 Cr from an existing shareholder, an affiliate of Warburg Pincus and new investor Malabar Investments. The D2C electronics brand will also invest in its R&D and design capabilities and support the local manufacturing ecosystem
28/10/2022

Dr Lal PathLabs-Backer Jashvik Capital Announces First Close Of USD 350 Million Maiden Fund

Mumbai-based Jashvik Capital has marked the first close of its maiden USD 350 Million fund. The fund would be a mix of domestic and offshore funds, with plans to write USD 10–30 Million worth of minority investment cheques for nearly 20 growth stage healthcare and consumption-linked startups
28/10/2022

Fintech Startup Kinara Capital Closes USD 24 Million Equity Funding Round

Fintech startup Kinara Capital has closed a USD 24 Million equity funding round led by UK-based development finance institution British International Investment. Existing investors Nuveen and Triple Jump’s AMP fund also participated in the funding round.
28/10/2022

Jubilant Bhartia Group Picks Up Minority Stake In Keventers

Milkshake and ice-cream brand Keventers, operated by Super Milk Products Private Limited (SMPPL) announced an equity investment from Jubilant Bhartia Group for an undisclosed amount. Jubilant Bhartia Group has now become a minority partner in SMPPL.
28/10/2022

SaaS Firm Serosoft Rakes In INR 30 Cr From SIDBI Venture Capital

Educational software and solutions company Serosoft Solutions has raised INR 30 Cr in Series A funding from investment management firm SIDBI Venture Capital Limited. It plans to use the fresh funds to accelerate global growth across key markets in North America, Europe and Australia, build new features into the product […]
27/10/2022

SAP-Backed SaaS Unicorn Icertis Raises USD 75 Million Funding

SaaS unicorn Icertis has secured USD 75 Million through debt financing funding round. The development comes ten months after Icertis secured an undisclosed amount of funding from SaaS giant SAP. Set up in 2009 by Monish Darda and Samir Bodas, Icertis is a cloud-based SaaS startup that offers enterprise contract […]
27/10/2022

Chip Startup SiMa Snags USD 37 Million From MSD, Amplify Partners, Others

Artificial intelligence-backed chip startup SiMa.ai has secured USD 37 Million in an extended Series B1 round led by MSD Partners, an investment firm backed by Dell Technologies’ founder and CEO Michael Dell. The round also saw participation from existing partners including, Amplify Partners, Fidelity Management and Research Company, Dell Technologies […]
Top