Archive News

11/09/2020

Insurance-tech startup i3 Systems raises USD 1.5 Million from Unitus Ventures, others

Mumbai-based insurance-tech startup i3 Systems has raised USD 1.5 million from Unitus Ventures in a pre-Series A round of funding. Reliance Industries CFO Alok Agarwal and Zhooben Bhiwandiwala, President, Mahindra Partners co-invested along with Unitus Ventures.
11/09/2020

Zomato pockets USD 100 million cheque from Tiger Global

Food delivery company Zomato Media Pvt. Ltd has raised USD 100 million from US-based investment firm Tiger Global Management LLC as it continues to secure capital to ride out the coronavirus crisis.The transaction has been sealed at a post-money valuation of USD 3.3 billion for Zomato.
11/09/2020

Ed-tech startup SOAL snags funding from Munjal Auto promoters’ investment arm

Skills-focussed education-technology startup SOAL (School of Accelerated Learning) has raised an undisclosed funding from SARA Investments, the investment wing of the promoters of Munjal Auto Industries Ltd.
11/09/2020

SRI Capital leads seed funding for food-trend spotter Spoonshot

Spoonshot Inc. a platform that spots and predicts food trends, has raised USD 1 million in seed funding led by SRI Capital.
10/09/2020

Acko puts USD 1.2 million in Pitstop

Insurtech firm Acko, which specialises in auto insurance, has invested USD 1.2 million in car service and repair platform Pitstop as part of its strategy to improve customer engagement and smoothen the claim settlement process.
10/09/2020

Groww raises USD 30 Million in Series C round led by YC Continuity

Groww, the Bengaluru-based investment management startup, has raised USD 30 million in Series C funding led by YC Continuity, making it the first investment by the investment firm in India. The round also saw participation from Sequoia India, Propel Ventures, and Ribbit Capital.
10/09/2020

Fintech startup Market Pulse raises USD 750K in pre-Series A round

Market Pulse, a Mumbai-based market analysis platform that helps people navigate through and profit off financial markets, has raised USD 750,000 in pre-Series A round of funding. The round was led by HNI investors Ameet Desai (Founder, Anubhuti Advisors LLP and Ex-Group CFO, Adani Group), Aditya Goel (Director, Securcap, UK), […]
10/09/2020

Video customer experience platform Hippo Video raises USD 4.5 Million in Series A round

Hippo Video, a cloud-based video CX platform, has raised USD 4.5 million in Series A funding. The investment round was led by Alpha Wave Incubation (AWI) and Exfinity Venture Partners. Existing investors Sequoia Capital India’s Surge and KAE Capital also participated in this round.
10/09/2020

Rainmatter Capital leads investment in child-focussed learning firm QShala

Walnut Knowledge Solutions Pvt Ltd, which operates child-focussed learning firm QShala, has raised INR 2.7 crore in angel funding.The round has been led by Rainmatter Capital, the startup incubator and fund backed by trading platform Zerodha. Other participants in the round include Mindtree co-founder Kalyan Banerjee, former Lowe Lintas director […]
10/09/2020

Diagnostics-focussed startup ConnectedH raises seed funding

Leading Bird Web Services Pvt. Ltd, which operates diagnostics-focussed startup ConnectedH, has raised seed funding from a clutch of investors. Participants in this round include First Cheque, Sprout Investments PointOne Capital and others.
10/09/2020

Lightspeed leads Series B funding for Hasura

San Francisco- and Bengaluru-based startup Hasura Inc., which operates a developer-focussed tooling products startup, has raised USD 25 million in a Series B funding round led by Lightspeed Venture Partners, with participation from existing investors including Vertex Ventures, Nexus Venture Partners, Strive VC and the SAP.iO Fund.
09/09/2020

Melorra Raises USD 8.9 Million Led by Shadow Holdings

Indian fine jewellery brand Melorra is raising USD 8.9 Mn in debt funding led by Shadow Holdings. Lightbox and Embassy Group’s CFO Gopinath Ambadithody also participated in this round.
09/09/2020

Silver Lake in USD 500 million round, Byju’s valued USD 10.8 billion

Technology-focused US private equity firm Silver Lake has led a fresh USD 500 million funding round in Byju’s, valuing the education technology company at about USD10.8 billion. Existing investors Tiger Global, General Atlantic and Owl Ventures also participated in the investment.
09/09/2020

Inflexor marks first close of early-stage venture capital fund

Inflexor Ventures, an early-stage venture capital firm, has marked the first close of a technology-focussed fund at INR 230 crore. The fund will be sector-agnostic and invest from the pre-Series A to Series A stages and beyond in startups operating in the business-to-business and enterprise segments. Initial cheque sizes will […]
08/09/2020

StartupXseed makes first close of INR 150 crore fund-II

StartupXseed Ventures has made the first close of its new investment vehicle at INR 65 crore and expects to raise its full INR 150 crore corpus over the next 6-9 months. It will focus on placing bets across deep technology, including, semiconductor, cyber security, drone and aerospace sectors. It will […]
08/09/2020

Deepsync Technologies raises fresh capital from angel investors

Chandigarh-based Deepsync Technologies, which allows users to clone their voice to augment content production through Artificial Intelligence (AI), has raised about USD 300,000 from three angel funds – Anicut Angel Fund, 9Unicorns and Firstcheque.
08/09/2020

Endiya Partners-backed electric mobility firm Cell Propulsion raises pre-Series A funding

Bengaluru-based Cellprop Pvt. Ltd, which operates electric vehicle parts- and ecosystem-focussed Cell Propulsion, has raised pre-Series A funding led by early-stage investor GrowX Ventures and clean mobility-focussed seed fund Micelio. Existing investor Endiya Partners also took part in the funding round.
08/09/2020

Vulcan Capital leads seed funding in fintech startup Qapita

Qapita, a platform focussed on equity and transaction management for the private market, has raised USD 1.8 million in seed funding led by Vulcan Capital, the investment arm of Microsoft co-founder Paul Allen. Other participants in the round include Alto Partners Multi Family Office, Rippledot Capital chief executive officer Atin […]
08/09/2020

Deepika Padukone-backed BluSmart raises more pre-Series A funding

BLU Smart Mobility Pvt Ltd, which operates electric taxi-hailing and riding platform BluSmart, has raised more pre-Series A funding worth USD 7 million. Participants in this round include Inflection Point (IP) Ventures, Venture Catalysts, Suman Kant Munjal family office Survam Partners, Mumbai Angels, Chhattisgarh Investments Ltd, JITO and others.
08/09/2020

Cricket commentator Harsha Bhogle invests in gaming platform Fantasy Akhada

Cricket commentator and analyst Harsha Bhogle has invested an undisclosed amount in Fantasy Akhada, a cricket- and football-focussed fantasy sports platform. As part of this investment, Bhogle has also entered into a long-term agreement with the company to serve as its brand ambassador.
07/09/2020

Indore SaaS startup BuildPan raises USD 500K in seed round, valuation jumps to USD 5 Million

SaaS platform BuildPan,has raised USD 500,000 from SOSV, along with 9point8 and PayPal India Head. With this funding, the Indore-headquartered SaaS startup’s valuation jumped to USD 5 million.
07/09/2020

Video-based social commerce platform Eloelo raises USD 450K in seed round led by Waterbridge

Bengaluru-based beauty, health and wellness social commerce platform Eloelo, has closed a seed round of USD 450,000 funding led by Waterbridge Ventures.
07/09/2020

Arka Venture Labs invests undisclosed amount in Nirmata

San Francisco-based Kubernetes management platform Nirmata, has raised an undisclosed amount in investment from Arka Venture Labs.
07/09/2020

Deep tech startup Vicara raises seed round led by ITI Growth Opportunities Fund

Bengaluru-based motion analytics and gesture recognition startup Vicara has raised an undisclosed seed round led by ITI Growth Opportunities Fund.
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