Archive News

13/08/2020

Fintech startup CityCash pulls in seed funding from Orios Venture Partners

CityCash, a public transit-focused offline and contactless payments company, has raised USD 1 million in seed funding from early-stage venture capital firm Orios Venture Partners.  
13/08/2020

Beenext, Rainmatter Capital bet on ed-tech startup Terra.do

Terra.do Inc., which operates an online climate school, has raised INR 10 crore in seed funding led by a few early-stage investment firms. The company raised the capital from Singapore-based venture capital firm Beenext, technology-focused fund Rainmatter Capital and Stanford Angels & Entrepreneurs (India).  
13/08/2020

Sequoia India leads Series A funding in Singapore startup IncomLend

Incomlend Pte Ltd, which operates a platform focussed on trade finance and global invoice trading, has raised $20 million (Rs 150 crore) in a Series A funding led by Sequoia Capital India, marking the latest investment in a Southeast Asian startup by the domestic arm of the global venture capital […]
11/08/2020

ConveGenius buys learning assessment platform Gray Matters India

Noida-based edtech social enterprise ConveGenius has acquired education assessment and analytics platform Gray Matters India (GMI). Financial details of the deal have not been disclosed.  
11/08/2020

DocSumo snags seed funding from Better Capital, Techstars

Acuvea Analytics Pvt. Ltd, which operates the document-focussed artificial intelligence startup DocSumo, has raised INR 1.64 crore in a seed funding from early-stage venture firm Better Capital, Techstars and Barclays.  
11/08/2020

Video platform Chingari raises seed funding weeks after TikTok ban

Tech4Billion Media Pvt Ltd, which operates video-focussed social media platform Chingari, has raised INR 9.7 crore in a seed funding round led by AngelList India, with participation from investors including Utsav Somani’s iSeed, Village Global, LogX Ventures, and NowFloats co-founder Jasminder Singh Gulati.  
11/08/2020

Venture Catalysts, MapmyIndia chairman bet on AR/VR firm Cusmat

Cusmat Technologies Pvt Ltd, which operates a training systems-focussed augmented and virtual reality firm, has raised an undisclosed seed funding in a round led by startup incubator and accelerator Venture Catalysts. Other participants in this round include, Vaibhav Domkundwar, founder of early-stage venture firm Better Inc., Pratap Atwal and MapmyIndia […]
10/08/2020

Health wellness startup Fitspire raises USD 220K in pre-seed round

Delhi-based health and wellness brand Fitspire has raised USD 200 K in its pre-seed round led by Nikhil Parmar and Priyanka Madnani, Founders, EasytoPitch, along with Bollywood Singer Sukhbir Singh and other investors.  
07/08/2020

Used car retailing startup Spinny buys rival Truebil

Online car retailing platform provider Spinny on Thursday said it has acquired Mumbai-based rival startup Truebil to offer a full-stack retail platform for cars. The terms of the transaction were not disclosed.  
07/08/2020

Online beauty brand MyGlamm acquires POPxo

Online beauty brand MyGlamm has acquired women-focused content and influencer business POPxo. Priyanka Gill, founder of POPxo, will join MyGlamm’s board and will be designated cofounder of the combined entity. The terms of the transaction were not disclosed.  
06/08/2020

Sequoia, Unitus back student loans platform Eduvanz

Eduvanz Financing, which runs an eponymous online student loans platform, has raised about USD 3 million in a Series A funding round led by Sequoia Capital and Vistra ITCL, an entity of Unitus Seed Fund India II.  
06/08/2020

Byju’s parent buys WhiteHat Jr in USD 300 million cash deal

Think and Learn which owns and operates education technology platform Byju’s, has acquired Mumbai-based WhiteHat Jr in a USD 300 million all-cash transaction.  
06/08/2020

Indian Angel Network invest in AI-based platform Data Sutram

Data Sutram, an artificial intelligence-based platform which helps businesses leverage location-based insights, has raised INR 2 crore from members of the Indian Angel Network (IAN). The funding round was led by Uday Sodhi, Mitesh Shah and Nitin Jain.  
06/08/2020

Springboard gets Series B cheques from Australian VC, Microsoft co-founder’s fund

Education-technology platform Springboard, which provides career upskilling services to professionals, has raised USD 31 million in a Series B funding round led by Australian venture capital firm Telstra Ventures. Vulcan Capital, the investment arm of Microsoft co-founder Paul Allen and US-based SJF Ventures were the other new investors in the […]
05/08/2020

DrinkPrime raises pre-Series A round led by Sequoia Surge

Subscription-based Water purifier startup DrinkPrime has secured INR 21.56 crore in its pre-Series A funding round led by Sequoia Surge. Other investors in the round include Omidyar, AL Trust, Nikhil Jaisinghami, R Ramakrishnan, and Anand Ladsariya.  
05/08/2020

Video analytics startup Wobot raises pre-Series A funding from Sequoia

Wobot Intelligence Pvt Ltd, which operates an artificial intelligence-backed video analytics platform, has raised an undisclosed pre-Series A funding from Sequoia Capital India.  
05/08/2020

Fintech platform Crowdpouch raises angel funding from Elina Investments

Crowdpouch Marketing Services Pvt Ltd, a platform that enables artists and entrepreneurs to launch a product through pre-selling or fundraising, has raised an undisclosed from Elina Investments.  
04/08/2020

Short video app Bolo Indya raises USD 300K from Eagle10 Ventures, India Accelerator Group

Short video app Bolo Indya raises USD 300K investment from Eagle10 Ventures, India Accelerator Group and high net worth individuals. This has taken the total raise by the company to over USD 500K till date.  
04/08/2020

SaaS startup inFeedo raises USD 700,000 in Series A round from Y Combinator

SaaS-based HR-tech startup inFeedo has raised USD 700,000 Series A round of funding led by Y Combinator. A couple of Indian founders and CEOs also took part in the round.  
04/08/2020

IoT startup Probus Smart Things raises seed funding from Unicorn India Ventures

Probus Smart Things, the New Delhi-based IoT startup focussed on power sector, has received an undisclosed seed funding from Unicorn India Ventures.  
04/08/2020

Workflow automation app Delightree raises USD 3 Million in seed round

San Francisco and Delhi-based Delightree, a workflow automation app for businesses, has raised USD 3 million in a seed round from Accel Partners, Emergent Ventures, Brainstorm Ventures, Axilor Ventures, and Alchemist Accelerator.  
31/07/2020

Oyo founder Ritesh Agarwal sets up Aroa Ventures to place startup bets

Ritesh Agarwal, group chief executive of SoftBank-backed hospitality chain Oyo Hotels & Homes, has set up a new entity, Aroa Ventures, which will look to place early- to growth-stage bets. Aroa Ventures plans to invest between USD 500,000 and USD 5 million, and is targeting opportunities across the consumer, technology […]
31/07/2020

Impact investor Acumen Fund leads pre-Series A funding in Haqdarshak

Haqdarshak Empowerment Solutions Pvt. Ltd, which operates a startup focussed on the delivery of government financial schemes and citizens, has raised an undisclosed pre-Series A funding led by impact investor Acumen Fund. Other investors in the round include Upaya Ventures and angel investors.  
31/07/2020

Muse Wearables gets funding from KIMS Hospitals founder, others

Muse Wearables, a startup that sells hybrid smartwatches with a focus on fitness and payments integration, has raised INR 22 crore in funding from new and existing investors. The funding round was led by Bhaskar Rao Bollineni, the founder and managing director of KIMS Hospitals.  
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