Archive News

09/03/2022

Equanimity launches larger second fund, already gets INR 200 crore commitments

Mumbai-based venture capital firm Equanimity Investments has launched its second fund that has a target corpus of INR 350 crore.
08/03/2022

Info Edge Acquires 76% Stake In Dating Startup Aisle For INR 91 Cr

Zomato backer Info Edge has invested INR 91 Cr in Aisle Network, a dating startup that runs four dating platforms, including Aisle, Anbe, Arike and HeyDil.
08/03/2022

AI-Driven Startup CureSkin Secures USD 5 Million In Series A From JSW Ventures

Bengaluru-based CureSkin, an AI-driven beauty and personal care startup, has raised USD 5 Million in a Series A round led by JSW Ventures. Sharrp Ventures, SenseAI and existing investors also participated in the round
08/03/2022

Social Commerce Startup CityMall Raises USD 75 Million From Norwest, Citius VC

Social commerce startup CityMall is raising close to USD 75 Million in its Series C round of funding led by its new investor Norwest Venture Partners. The will also see participation from Luxembourg-based Citius VC in the fresh round.
08/03/2022

Bollywood Actor Sara Ali Khan Invests In D2C Startup The Souled Store

Mumbai-based casual wear and pop-culture D2C startup, The Souled Store has made Sara Ali Khan its equity partner. Khan has infused an undisclosed amount in the D2C startup.
08/03/2022

WestBridge Capital backs agri-tech firm Otipy

Agri-tech startup Otipy has raised Series B funding of INR 235 crore led by homegrown private equity fund WestBridge Capital. Existing investors SIG and Omidyar Network India also participated in the round.
08/03/2022

Warburg Pincus-backed CAMS picks up majority stake in Fintuple

Warburg Pincus-backed Computer Age Management Services (CAMS) on Monday said it has acquired a majority stake in digital focused platform Fintuple, for an undisclosed amount.
08/03/2022

Sterlite Power snags INR 440 cr debt from Tata Cleantech Capital

Sterlite Power has secured a debt funding of INR 440 crore from Tata Cleantech Capital for its Nangalbibra-Bongaigaon Transmission Limited (NBTL) project .
08/03/2022

SaaS platform Hiver raises USD 22 Million in Series B funding led by K1 Capital

GrexIT Inc, which operates a software-as-a-service (SaaS) platform Hiver, on Monday has raised USD 22 Million in a Series B funding round led by K1 Capital.The round also saw participation from existing investors Kalaari Capital, Kae Capital and AngelList.
08/03/2022

Zeta partners with Mastercard to power credit processing, raises USD 30 Million

Zeta, received financial investment of USD 30 million from Mastercard and an unidentified fund from the Middle East and North Africa (MENA) region as part of this transaction.
07/03/2022

Personal care brand Mcaffeine raised USD15-20 million in new round of funding

Pep Technologies, that owns digital-first personal care brand mCaffeine has raised USD 15-20 million in a new round of funding. The capital will be used to fuel its organic, expansion plans and also evaluate inorganic growth opportunities.
07/03/2022

FMCG Giant Emami Acquires 19% Stake In Nutrition Focussed D2C Startup TruNativ

FMCG company Emami Limited has picked up a 19% equity stake in True Native F&B, the parent company of TruNativ, a nutrition-focused D2C FMCG startup.
07/03/2022

Nazara Tech Continues Acquisition Spree; Buys Majority Stake In Datawrkz & Rusk Distribution

Gaming and sports company, Nazara Technologies, will acquire a 33% stake in advertising technology firm, Datawrkz. The company made the announcement in a regulatory filing on March 4.
07/03/2022

Nexus-backed Apollo.io snags USD 110 Million in Series C led by Sequoia

Apollo.io, a business-to-business (B2B) sales and intelligence and engagement platform, said it has raised USD 110 million as part of its Series C funding round led by Sequoia Capital.
07/03/2022

Venture Catalysts-backed Junio pockets USD 6 Million in round led by UAE firm NB Ventures

Kid-focused digital payments and pocket money app Junio, has secured a pre-Series A funding of USD 6 million led by UAE-based firm NB Ventures, with participation from the existing investor Rajiv Dadlani Group.
07/03/2022

Ex-Arka Venture Labs exec sets up B2B fund for SaaS cos

Radhesh Kanumury, a former Managing Partner of Arka Venture Labs, has announced launch of his new early-stage B2B Indian cross-border fund focused on software-as-service (SaaS) companies. Suvan Ventures, which may be sized between USD 10 and 15 million, will bet on 20-25 companies.
07/03/2022

Ninjacart rolls out seed fund of USD 25 Million to back agri startups

Ninjacart, a business-to-business (B2B) marketplace for agricultural produce, has launched a seed fund of USD 25 million to back new-age startups in the agriculture space.
07/03/2022

CredAvenue raises USD 137 Million, turns unicorn at USD 1.3 billion valuation

CredAvenue, a fintech debt marketplace, has raised $137 million led by New York-based global private equity and venture capital firm Insight Partners, B Capital Group, and Dragoneer, with participation from existing investors.
07/03/2022

Captain Fresh raises USD 50 Million from Prosus, others at USD 500 Million valuation

Business-to-business (B2B) seafood marketplace platform Captain Fresh,has raised USD 50 million as a part of its Series C funding round led by existing investors Prosus Ventures, and Tiger Global Management. Existing investors including Accel India, Matrix Partners India, Ankur Capital, and Incubate Fund participated in the funding round, which valued […]
04/03/2022

Lightspeed-backed Pocket FM snags USD 65 Million from Goodwater Capital, Tanglin Venture, Naver

Gurugram-based Pocket FM, which runs an eponymous audioshows platform, has secured Series C funding of INR 491 crore led by the US-based venture capital fund Goodwater Capital and South Korean internet conglomerate Naver Corporation. The round also saw participation from the company’s existing investor Tanglin Venture Partners.
04/03/2022

Anthos Capital leads USD 23 Million bet on Better Capital-backed Filo

Edtech startup Filo, has racked up Series A funding of USD 23 Million led by Anthos Capital. The round also saw participation from existing investor Better Capital, with GSV, Sapling Capital, Gokul Rajaram, Rob Frohwein, Mate Pencz and Florian Hagenbuch (Founders, Loft) and Ross Lipson (Co-Founder, Dutchie).
04/03/2022

Sequoia-backed Scaler buys bootstrapped edtech firm AppliedRoots

Sequoia Capital India-backed upskilling startup Scaler Academy on Thursday said it has acquired online learning platform AppliedRoots for USD 50 million.
04/03/2022

Investor Madhusudan Kela’s family office launches INR 600 cr fund

Singularity AMC, backed by investor and former Reliance Capital executive Madhusudan Kela, has set up Singularity Growth Opportunities Fund-1 (SGOF-I) to provide growth capital to technology-driven companies.
04/03/2022

IndiaMART invests in SaaS platform Zimyo

Zimyo Consulting Pvt Ltd, has raised around INR 17 crore from business-to-business (B2B) marketplace IndiaMART Intermesh Ltd.
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