Archive News

14/07/2020

Yumlane gets fresh funding after pivoting from food startup to cloud kitchen

Mumbai-based QwikPik Technology Pvt. Ltd, which operates cloud kitchen platform Yumlane, has raised USD 1 million  funding round led by Singapore-based Jetty Ventures.  
13/07/2020

Jio Platform sells 0.15% stake to Qualcomm for USD 97 millioJio Platform sells 0.15% stake to Qualcomm for $97 mnn

Wireless technology major Qualcomm has announced an investment of USD 97 million in Jio Platforms, the technology subsidiary of Reliance Industries (RIL). The capital infusion, made at an enterprise value of USD 68 billion was carried out through investment unit Qualcomm Ventures.  
13/07/2020

Airfare marketplace Mystifly raises USD 3.3 Million in pre-Series B round led by Recruit

Singapore and Bengaluru-based air retailing and payments platform Mystifly, has raised USD 3.3 million in a pre-Series B round of funding from existing investor Recruit Co., Ltd.  
13/07/2020

IoT-based security solutions firm Openapp nabs fresh funding

Open Appliances Pvt. Ltd, which operates internet-of-things security solutions startup Openapp, has raised 3.76 crore funding from early-stage investment firm Unicorn India Ventures, an existing investor in the company.  
10/07/2020

Flipkart to invest INR 260 crore in Arvind Fashions’ arm

Walmart-owned Flipkart has picked up about 27% stake in Arvind Fashions Ltd’s subsidiary Arvind Youth Brands for INR 260 crore. As the homegrown ecommerce company looks to strengthen its mid-market fashion portfolio.  
10/07/2020

Mumbai-based SaaS startup BrowserStack acquires Bay Area company, Percy

BrowserStack, the Mumbai-based software-as-a-service (SaaS) company, has completed a cash and stock deal to acquire Percy, a San Francisco Bay Area-based company, for an undisclosed sum. Percy, the five-year-old company, specialised in automating visual testing for applications.  
10/07/2020

Edtech startup Cuemath raises USD 2.7 million from Trifecta Capital

Bengaluru headquartered CueLearn, which runs edtech platform Cuemath, has raised USD 2.7 million in a mix of equity and debt issue from Trifecta Capital’s venture debt fund.  
10/07/2020

CARS24’s Financial Services raises 10 Cr debt funding from Vivriti Capital

CARS24 Financial Services, the lending arm of auto-tech-startup CARS24, has secured its first debt funding of INR 10 crore from Vivriti Capital.  
10/07/2020

Poonawalla, Infy co-founder pile into digital content startup JetSynthesys

JetSynthesys Pvt. Ltd, a digital content and technology platform that is part of the diversified JetLine Group of Companies, has raised INR 300 crore funding led by the family offices of Serum Institute of India chief executive officer Adar Poonawalla and Infosys co-founder Kris Gopalakrishnan.  
09/07/2020

SaaS startup Zomentum raises USD 4.1 Million from Accel and SAIF Partners in seed round

SaaS-based startup Zomentum, has raised USD 4.1 million in a seed round of funding from Accel and SAIF Partners.  
09/07/2020

JetSynthesys raises INR 300 crore from existing shareholders

Digital entertainment and technology company JetSynthesys has raised INR 300 crore from Kris Gopalakrishnan, the family office of Adar Poonawalla, and the Navani family-owned Jetline Group. Other shareholders of JetSynthesys include the family offices of Thermax, Triveni Group and DSP Group.  
09/07/2020

WEH Ventures leads pre-seed funding for ice cream brand NOTO

NOTO, a healthy ice cream brand, has raised an undisclosed amount in a pre-seed funding round led by WEH Ventures. The company’s existing investor Lead Angels also participated in this round.  
09/07/2020

Venture Catalysts invests in herbal products brand Green Cure

SPV Laboratories Pvt. Ltd, which operates herbal products brand Green Cure, has raised an undisclosed funding from startup incubator and accelerator Venture Catalysts.  
09/07/2020

Beenext leads seed funding for climate-tech startup Blue Sky Analytics

Xacmaz Technology Pvt. Ltd, which operates climate-tech startup Blue Sky Analytics, has raised USD 1.2 million in a seed funding round led by venture capital firm Beenext. Rainmatter Capital and Stanford Angels & Entrepreneurs also participated in the funding round.  
08/07/2020

Unacademy acquires medical entrance preparation platform PrepLadder for USD 50 million

Sequoia and Facebook-backed education technology startup Unacademy has acquired PrepLadder, a platform for postgraduate medical entrance exam preparation, for USD 50 million in a cash-and-stock deal.  
08/07/2020

Cybersecurity startup Securden raises USD 1.2 Million from Accel, Freshworks founder, others

Chennai and US-based cybersecurity startup Securden Inc, has raised USD 1.2 million in a seed investment round led by Accel with participation from Girish Mathrubootham, founder and CEO of Freshworks and others.  
08/07/2020

Co-living startup Zolostays collects Series C cheques from Investcorp, others

Co-living startup ZoloStays Property Solutions Pvt. Ltd has raised USD 56 million  in a Series C round of funding led by Global alternative asset manager Investcorp. Other participating investors in this round include venture capital firm Nexus Venture Partners, South Korea’s Mirae Asset and venture debt firm Trifecta Capital.  
08/07/2020

Kid services platform PiggyRide raises pre-Series A funding

Kidext Technologies Pvt. Ltd, which operates parent-focused child services platform PiggyRide, has raised INR14 crore  in a pre-Series A funding from Singapore-based venture capital firm JAFCO Investment Asia Pacific, and Artha Venture Fund.  
08/07/2020

Mumbai Angels commits funding to ed-tech startup Edhusk

Edhusk Pvt. Ltd, an education-technology startup that focuses on a hybrid approach for students looking for tutors, has raised an undisclosed amount from investment platform Mumbai Angels Network.  
08/07/2020

Specsmakers gets more capital from Eight Roads

Eye-care products retail chain Specsmakers Opticians Pvt. Ltd, has raised additional INR 23 crore from existing investor Eight Roads Ventures primarily to ramp up its online presence.  
07/07/2020

Four proptech startups from Brigade REAP’s portfolio raise undisclosed amount

Brigade REAP, Asia’s first proptech accelerator, has announced that four startups from its portfolio, including LiveSafe1, Aapka Painter, Renewate, and PropVR have raised an undisclosed amount of funding during the ongoing Coronavirus crisis. These companies impact diverse areas such as sustainability, home improvement, and last yard delivery.  
07/07/2020

Chai Waale secures INR 1.75 crore as funding

Beverage brand Chai Waale has raised INR 1.75 crore from angle investors. Chai Waale is aiming to have 40-45 fully operational outlets by March 2022.  
07/07/2020

Sequoia closes USD 1.35-billion India venture & growth fund

Sequoia Capital has closed a USD 1.35 billion India venture and growth fund, the largest corpus by the blue-chip Silicon Valley fund for the region. The fund has received commitments for two India and Southeast Asia-focused funds a USD 525 million venture fund and a USD 825 million growth fund  […]
07/07/2020

Blue Ashva Capital hits initial close of SME-focussed fund

Blue Ashva Capital, an India- and Singapore-based investment firm that concentrates on sustainable businesses in core sectors, has hit the initial close of a new fund that aims to invest in small and medium-sized enterprises. Blue Ashva Sampada Fund – has received commitments of INR 454 crore.  
Top