Archive News

03/03/2022

Fintech Startup Pocketly Bags Funding For Its Credit And BNPL Offerings

Pocketly, has raised USD 3 Million in a Pre-Series A funding round. According to the lending platform, the raised fund is a mix of debt and equity, with USD 2 Million in debt and USD 1 Million in equity.
03/03/2022

Edtech Startup ENGG Online Raises Funding To Build Immersive Learning Solutions For Engineering Students

Augmented reality-based edtech startup, ENGG Online, has raised USD 3.5 Million in a Pre-Series A round led by ace angel investors including Madhu Kela, PS Jayakumar, and Aamara Capital’s Kishor Shah.
03/03/2022

Kotak Securities acqui-hires social trading platform TradeGyani

Kotak Securities Limited (KSL), has acqui-hired virtual trading and thematic investment platform TradeGyani.
03/03/2022

Inside Accel India’s USD 650 Million seventh venture capital fund

Accel India, has raised USD 650 Million in commitments for its seventh fund to invest in new opportunities like emerging tech across India and Southeast Asia.
03/03/2022

VC-backed shared cooking platform Kitchens@ merges with Kitchens Centre

Trifecta Capital-funded shared cooking platform Kitchens@ on Wednesday merged with cloud kitchen firm Kitchens Centre, making it the biggest player with 1,000 kitchens in over 20 cities.
02/03/2022

Mahindra Logistics Acquires Last-Mile Delivery Startup Whizzard For INR 72 Crores

Anand Mahindra-led Mahindra Logistics Limited (MLL) has acquired a 60% stake in a Telangana-based logistics service startup Whizzard for INR 72 Crores. The deal will help MLL, a listed company to further strengthen its presence in the logistics space
02/03/2022

Infinite Analytics raises funding from a syndicate led by ex Coca-Cola executives

Infinite Analytics raises an undisclosed amount for its AI platform, Sherlock from a syndicate of investors that include marketing execs from Coca-Cola (one of its clients), John Hancock Investments, and others
02/03/2022

Y Combinator-backed Volopay raises USD 29 Million to kickstart India operations

YCombinator backed Volopay which is a corporate cards and payable management has raised USD 29 Million in a mix of equity and debt funding led by Winklevoss brothers for the same. Based in Singapore, Volopay will launch India operations by April this year
02/03/2022

IIFL Wealth’s asset arm picks up minority stake in OmniActive

IIFL Asset Management has acquired a minority stake for an undisclosed sum in TA Associates-backed OmniActive Health Technologies. The investment has been made through IIFL AMC’s special opportunities fund series
02/03/2022

Adani Media Ventures to acquire minority stake in Quintillion Business Media

Digital media group Quint Digital Media has entered into a binding term sheet with the Adani Group which will acquire a minority stake in Quintillion Business Media which is an indirect subsidiary of Quint Digital
02/03/2022

Mindtree founders-backed VC firm marks final close of debut fund at INR 320 Crores

Mela Ventures has marked the final close of its maiden fund to raise USD 42 Million exceeding its target. The fund seeks to invest in startups in B2B focused software as a service or SaaS companies that have proven their product-market fit and have a revenue of USD 250,000 or […]
02/03/2022

West Bridge Capital bets on 8-month old edu fintech firm Kuhoo

Kuhoo Technology Services, which runs edu fintech platform Kuhoo has racked up seed capital of INR 150 Crores from West Bridge Capital. The raised capital will be used to augment technology, data science capacity, and creating product and distribution innovations
02/03/2022

Infibeam Avenues buys contactless tech startup, Season Two Ventures marks exit

Infibeam Avenues which is the parent of payment gateway CCAvenue has acquired contactless technology startup Uvik Technologies for INR 75 Crores in a cash-and-stock deal.As a part of the transaction venture capital firm Season Two Ventures has exited Uvik Technologies
02/03/2022

Prozo Distribution raises USD 10 Million led by Sixth Sense Ventures

Supply chain, warehousing and logistics-focused startup Prozo has raised USD 10 Million led by Sixth Sense Ventures with participation from Jafco Asia and high net worth individuals (HNIs).
01/03/2022

Ecommerce Rollup Startup UpScalio Acquires Stake In Four Consumers Brands

Ecommerce rollup startup UpScalio has acquired a stake in consumer brands including Gizga, Tizum, Aircase, and HomePuff. The brands are category leaders and operate in the next-gen computer, PC and phone accessories, laptop bags, and kitchenware segment respectively.
01/03/2022

Indian Gaming Unicorn MPL Acquires Germany’s GameDuell To Foray Into Europe

Bengaluru-based mobile esports and skill gaming platform, Mobile Premier League (MPL) has acquired GameDuell in line with its strategy to expand operations across key global markets, according to a media report by Business Standard.
01/03/2022

Accel, STRIVE co-lead seed round in test automation platform Testsigma

Testsigma Technologies, has secured seed capital of USD 4.6 Million in a round co-lead by Accel and STRIVE. The fundraise also saw participation from a clutch of investors including BoldCap, Shanmugam Krishnasamy, Kiran Darisi, Parsuram Vijayasankar, Vetri Vellore, Nitesh Banta, CEO at B12 and Ioann Fainsilber, Co-Founder at Pintek, among […]
01/03/2022

Groww chief Lalit Keshre, Cred’s Kunal Shah, others back fintech platform Upswing

Upswing Financial Technologies, which runs the open finance platform Upswing, has raised a funding of USD 4 Million led by QED Investors. The round also saw participation from Kunal Shah (Founder of Cred), Jiten Gupta (Founder and CEO of Jupiter), Rajan Bajaj (Founder and CEO of Slice) and Lalit Keshre […]
01/03/2022

Vijay Shekhar Sharma-backed AjnaLens nets funding from Lets Ventures, angels, others

AjnaLens, an XR hardware and software company, on Monday said it has secured pre-Series A funding of INR 12 crore ($1.6 million) from Lets Ventures Angel Fund, JITO Angel Network and others. The round also saw participation from angel investors including Paytm Founder Vijay Shekhar Sharma, Roots Ventures Managing Partner […]
01/03/2022

Chiratae, Rebright Partners, others bet USD 3 Million on healthtech firm ClaimBuddy

Health insurance startup ClaimBuddy has scooped up USD 3 Million in a pre-Series A round co-led by Chiratae Ventures and Rebright Partners. The fundraise also saw participation from existing investors Titan Capital and Relentless Ventures, with a few other private investors.
01/03/2022

Let’s Venture, JITO Angel Network, others bet on Bengal-based TABLT Pharmacy

TABLT Pharmacy, has secured pre-Series A funding of USD 1.5 Million from JITO Angel Network, Tech Innovation, Let’s Venture, Seeders Syndicate, Angel Bay and other angel investors.
01/03/2022

IndiaMART buys 26% stake in Realbooks, marking its dozenth investment

IndiaMART Intermesh Ltd has bought a 26% stake in Adansa Solutions Pvt Ltd, which operates an accounting software brand Realbooks through its wholly-owned subsidiary Tradezeal Online Pvt Ltd.
28/02/2022

WestBridge Invests USD 9 Million In Upekkha’s SaaS-Focused UP Funds

Venture Capital firm, WestBridge Capital, has announced an investment of USD 9 Million in SaaS accelerator Upekkha’s UP funds.
28/02/2022

Edtech Startup CollegeDekho Acquires Getmyuni And IELTSMaterial For Over INR 50 Cr

Gurugram-based edtech startup, CollegeDekho Group has acquired Getmyuni and IELTSMaterial in a deal valued more than INR 50 Crore. The acquisition enables CollegeDekho Group to hit a 4X revenue run rate growth over its last year’s numbers and scale further to maximise growth this year.
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