Archive News

05/07/2021

Sweden’s MTG acquires Indian games developer PlaySimple for USD 360 million

Swedish gaming company Modern Times Group (MTG) has acquired Bengaluru-based word games developer PlaySimple for USD 360 million, in a cash and stock deal. MTG, which bought the company through subsidiary MTG Gaming, will pay 77% of the acquisition price in cash and the remaining through its Class B shares.
05/07/2021

Furlenco raises INR 1,000 Crore led by Zinnia Global

Furniture rental startup Furlenco, has raised INR 1,000 crore in a mix of debt and equity as part of its latest funding round led by Zinnia Global Fund. Existing investors CE-Ventures and Lightbox Ventures also participated in this round.
05/07/2021

Gaming startup WinZO raises USD 65 million from Griffin Gaming Partners

WinZO, an online gaming and entertainment platform, has raised USD 65 million in a Series C funding round led by California-based Griffin Gaming Partners, a global gaming fund.
05/07/2021

Licious raises USD 192 million led by Temasek, Multiples

Licious, a direct-to-consumer fresh meat and seafood brand, has raised USD 192 million as part of its Series F round, led by the Singapore government’s investment company Temasek, and Multiples Private Equity. Brunei Investment Agency also participated in the round.
05/07/2021

Digit Insurance valued at USD 3.5 billion in funding round led by Faering Capital

Bengaluru headquartered general insurance company Digit Insurance, has raised USD 200 million in a funding round led by returning investor Faering Capital. New participants in the round included Sequoia Capital India and IIFL Alternate Asset Managers among others. Digit Insurance has achieved a valuation of USD 3.5 billion.
02/07/2021

Fraazo raises USD 15 million from Sixth Sense Ventures, others

Fraazo, a direct-to-consumer brand in the fresh vegetables and fruits space, has raised USD 15 million in a Series A funding round led by Sixth Sense Ventures. Nabventrues and existing investors Equanimity Ventures, Apar Group and Asian Paints’ Manish Choksi also participated in the current round.
02/07/2021

Enterprise commerce AI provider Hypersonix raises USD 35 Million in Series B round led by B Capital Group, others

Hypersonix, an enterprise AI platform for commerce, has raised USD 35 million as part of its Series B funding round led by existing investor B Capital Group, with participation from Intel Capital, Firebolt Ventures, Magicus Ventures and Gokul Rajaram, among others. The round values the company at USD 200 million.
02/07/2021

ION Energy raises USD 3.6 Million from Amazon’s Climate Pledge Fund, others

ION Energy, an energy-tech startup building advanced electronics and software platforms for new energy enterprises, has raised USD 3.6 million in Pre-Series A funding. The round was raised from Amazon’s Climate Pledge Fund and joined by Silicon Valley-based Climate Capital, early-stage investor YourNest Venture Capital, Riso Capital, Venture Catalysts, and […]
02/07/2021

The Sleep Company raises INR 13.4 Crore in Pre-Series A round led by Fireside Ventures

SmartGRID mattress manufacturer The Sleep Company, has raised INR 13.4 crore in pre-Series A round. The round was led by Fireside Ventures and also saw participation from LogX Ventures and Mamaearth founder Varun Alagh.
02/07/2021

F&V startup Gourmet Garden raises INR 25 Crore led by Beyond Next Ventures, M Venture Partners and others

Bengaluru-based fruits and vegetables brand Gourmet Garden which uses its patented naturoponic farming approach to grow its produce,has raised INRF 25 crore in its latest round led by Beyond Next Ventures, M Venture Partners, and existing investors Incubate India and Whiteboard Capital, among others.
02/07/2021

Deeptech startup peAR raises INR 2.5 Crore in pre-Series-A1 led by Inflection Point Ventures

Deeptech computer vision and augmented reality (AR) specific startup peAR Technologies, has raised INR 2.5 crore in a pre-Series A1 round led by Inflection Point Ventures. The startup has developed an AR application peAR-Food Menu for restaurants to offer customers the chance to watch the entire menu in 3D AR […]
01/07/2021

Licious executives launch digital pet care platform; raise USD 2.6 Million in pre-series A round led by Saama Capital, DSG Consumer Partners

Digital petcare startup Supertails, has raised over USD 2.6 million in pre-Series A round led by Saama Capital and DSG Consumer Partners. Other investors include global Indian icon Deepika Padukone, Titan Capital, Sauce VC, and Whiteboard Capital.
01/07/2021

Meddo closes pre-Series A round at USD 6 Million led by SRI Capital, Picus Capital, and Alkemi Capital

Meddo an online doctor consultation and appointment booking platform, has closed pre-Series A round at USD 6 million led by SRI Capital, Picus Capital, and Alkemi Capital.
01/07/2021

Edtech startup Nalanda Learning raises INR 40 Crore from Aavishkaar Capital

Kolkata-based chain of affordable preschools startup Nalanda Learning, has raised INR 40 crore from Aavishkaar Capital. Having established market leadership in West Bengal through its chain of ‘Little Laureates’ pre-schools, the company has now set its sights on expanding nationally through its high-quality integrated platform of digital content, curriculum, and […]
01/07/2021

Online Pharmacy TABLT raises USD 3 Million in Series A round from Siti Cable

TABLT, a Bharat focussed Online Pharmacy which deals in medicines and healthcare products has raised USD 3 million in a Series A round from Siti Cable, a unit of Siti Network.
01/07/2021

Inflexor Ventures marks final close of new fund, overshoots target corpus

Early-stage venture capital firm Inflexor Ventures, has marked the final close of its new fund at over INR 600 crore, overshooting its target corpus of INR 500 crore. The fund is sector agnostic with a primary focus on business-to-business enterprise startups leveraging deep technology. It invests in pre-Series A and […]
01/07/2021

Treebo raises USD 16 million Series D funding from Accor and others

Budget hospitality chain Treebo Hotels said it has raised USD 16 million in its Series D funding round from a clutch of investors led by French hospitality major Accor. Others that participated in the funding include Bennett Coleman & Co. Ltd., and the company’s existing investors Elevation Capital, Matrix Partners, […]
01/07/2021

Chargeup Raises Pre-Series A Funding From Mapmyindia

Battery swapping network for e-rickshaws Chargeup, has raised an undisclosed amount in its ongoing Pre-Series A funding. The funding round was led by MapmyIndia with participation from a group of HNIs.
01/07/2021

Powerhouse91 raises money from Crossbeam Venture Partners

Powerhouse91, the tech-driven company that acquires growing e-commerce brands in India, has raised an undisclosed amount in a seed round from Crossbeam Venture Partners. Powerhouse91 follows the successful model of American unicorn Thrasio, which has caught on in India.
01/07/2021

CredR Raises USD 6.5 Million From Yamaha Motors, Omidyar And Eight Roads

CredR, an omnichannel marketplace for used two-wheelers,has raised USD 6.5 Mn in its latest round led by Yamaha Motors. Its existing investors Omidyar Network India,Eight Roads Ventures, and Astarc Ventures also participated in the funding round.
30/06/2021

Edtech startup Quizizz raises USD 31.5 Million in Series B round led by Tiger Global

Student engagement platform Quizizz, has raised USD 31.5 million in an ongoing Series B round led by Tiger Global Management. Existing investors Nexus Venture Partners, GSV Ventures, and Eight Roads Ventures also joined the round along with new backers, including Yahoo Co-founder Jerry Yang.
30/06/2021

AI startup Detect Technologies raises USD 12 Million from Accel Partners, Elevation Capital, others

Industrial AI startup Detech Technologies, has raised USD 12 million in funding led by Accel Partners with significant participation from existing investor Elevation  Capital. Existing investors, including Bharat Innovation Fund, BlueHill Capital, and Axilor Ventures, also participated in the round, while Stride Ventures was the venture debt partner.
30/06/2021

Fireside co-leads USD 40 million seed round in Thrasio-style platform 10Club

Bengaluru-based 10club, an aggregator of third-party sellers on e-commerce platforms, has raised USD 40 million in an outsized seed funding round. The round was co-led by Fireside Ventures and an undisclosed international investor. The round also saw participation from US-based e-commerce aggregator HeyDay, PDS international, Class 5 Global, Secocha Ventures […]
30/06/2021

SaaS startup Intervue raised undisclosed seed round from Titan Capital, Kunal Shah, and others

SaaS-based hiring platform startup Intervue, has raised an undisclosed seed round led by Titan Capital, Kunal Shah, Co-founder of Wag Brendan Rogers, and Founder of 2AM VC Hershel Mehta.
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