Archive News

15/03/2023

Optimized Electrotech has secured USD 2.4 Million in a pre-Series B funding round led by the Rajiv Dadlani Group.

Deeptech and defence tech startup Optimized Electrotech has secured USD 2.4 Million in a pre-Series B funding round led by the Rajiv Dadlani Group. The round also saw participation from Equanimity Investments and Venture Catalysts along with family offices and high net worth (HNI) investors. The Ahmedabad-based startup plans to […]
14/03/2023

Rockstud Capital Sets Up INR 300 Cr Angel Fund To Back 25 Indian Startups

Asset management firm Rockstud Capital launched an INR 300 Cr second fund to back pre-Series A and Series A-stage startups. The angel fund will invest between INR 1 Cr and INR 10 Cr in 25 startups in the digitalisation, sustainability, financial inclusion, consumption, and health sectors.
14/03/2023

Insurtech Startup Vitraya Bags Funding To Upgrade Technology For Healthcare Segment

Insurtech startup Vitraya has received USD 4.1 Million equity investment in a Series A funding round from AI-based insurance solutions provider Xceedance. Vitraya will use the proceeds to enhance its AI and blockchain technologies for healthcare insurance.
14/03/2023

Tech recruitment platform Coffeee.io has raised an undisclosed amount in its pre-seed round

Tech recruitment platform Coffeee.io has raised an undisclosed amount in its pre-seed round from Riverwalk Holdings. The Gurugram-based startup will deploy the fresh proceeds for geographical expansion.
14/03/2023

LifeSigns has raised an undisclosed amount in a pre-Series A

LS Devices Pvt. Ltd, which operates healthtech startup LifeSigns, has raised an undisclosed amount in a pre-Series A funding round from Chennai-based pathologist SP Ganesan. The startup will use the proceed to work more on technology and human resource to improve the user experience, bring efficiency in clinical data delivery, […]
14/03/2023

Jumbotail Technologies Pvt Ltd has raised USD 9.1 Million in a debt funding round

Jumbotail Technologies Pvt Ltd has raised USD 9.1 Million in a debt funding round from Alteria Capital and Innoven Capital. The startup will use the fresh funds to develop its technology stack, grow net revenues by 100%, and hit operational profitability in next one year.
13/03/2023

Intercity trucking marketplace Raaho has secured USD 2.4 Million in an extended pre-Series A funding round

Intercity trucking marketplace Raaho has secured USD 2.4 Million in an extended pre-Series A funding round, taking the total capital raised in the round to USD 3.8 Million till date. The fundraise was led by existing investor Inflection Point Ventures, with participation from Roots Ventures and Blume founders’ fund. A […]
13/03/2023

The Ayurveda Co raises USD 12.2 Million in Series A round led by Sixth Sense Ventures

Ayurvedic D2C brand The Ayurveda Co has raised Series A funding of USD 12.2 Million led by Sixth Sense Ventures. The round also saw participation from actor Kajal Agarwal, with a host of startup founders and venture debt funds. The Gurugram-based company will use the fresh funds to expand its […]
13/03/2023

ValPro in the News: Amid setbacks, GQG brings much-needed near-term relief to Adani conglomerate

GQG Partner’s 15,446 crore bet on four Adani stocks seems to have brought much-needed near-term relief for the port-to-conglomerate as share prices Group companies recouped after falling up to 80% and there seems to be increased optimism about billionaire Gautam Adani’s ability to raise money from avenues other than the […]
10/03/2023

Harsha Bhogle-Backed Fantasy Akhada Raises USD 11 Million To Launch New Brand

Fantasy sports startup Fantasy Akhada’s parent company Super Six Sports Gaming (SSSG) has raised USD 11 Million in a fresh funding round led by Florintree Advisors. The funding round also saw participation from existing investors including Param Capital’s Mukul Agrawal and Varalakshmi Enterprises, family office of the GMR Group. The […]
10/03/2023

IPO-Bound Zaggle Raises INR 50 Cr Debt Funding From Vivriti Asset Management

IPO-bound B2B fintech startup Zaggle has raised INR 50 Cr in debt funding from alternative investment fund platform Vivriti Asset Management (VAM). Zaggle will use the fresh capital to grow its products such as the newly-launched accounts payable platform ‘Zoyer’ and for working capital requirement.
10/03/2023

Bira Raises Fresh Funding From Japan’s Largest Bank

B9 Beverages, which owns Indian craft beer brand Bira 91, has raised USD 10 Million from Japan’s largest bank MUFG Bank, months after it secured USD 70 Million in a Series-D funding round, which was led by Japanese beer company Kirin Holdings Co. The company will use the funds to […]
09/03/2023

Inker Robotics bags USD 1.2 Million in pre-Series A round

Inker Robotics has raised USD 1.2 Million in a pre-series A round led by AHK Ventures. The funding will help the company improve its training delivery platform.
09/03/2023

Slice Acquires 5% Stake In North East Small Finance Bank For USD 3.42 Million

Bengaluru-based fintech startup Slice has reportedly acquired a 5% stake in Guwahati-based North East Small Finance Bank for USD 3.42 Million. With the acquisition, Slice will be exploring multiple integrations and customized offerings for its users
09/03/2023

PremjiInvest Leads USD 110 Million Funding Round Of Fintech Startup Mintifi

Supply-chain financing platform Mintifi has raised USD 110 Million in its Series D funding round led by PremjiInvest. The round also saw participation from Existing backers Norwest Venture Partners, Elevation Capital and International Finance Corporation (IFC). The company aims to add new offerings like business-to-business payments, dealer management system and […]
09/03/2023

Jewellery Firm Giva Pulls In USD 4.9 Million As Venture Debt

consumer silver-jewellery focused startup Giva has secured funding of USD 4.9 Million from venture debt fund Alteria Capital. The Company plans to deploy the raised capital in driving channel expansion and further expanding our range of exquisitely crafted jewellery products
09/03/2023

InCred Group’s Arm Picks Up 20% Stake In Mumbai HR Tech Firm TeamNest

The wealth and asset management arm of InCred Group has bought 20% stake in a Mumbai-based HR SaaS platform TeamNest. InCred Capital’s investment is a part of Series A funding round in TeamNest, which will help the platform with resources to compete in the HR tech space. However, financial details […]
09/03/2023

Software-as-a-service (SaaS) startup I-CampusBuddy has secured USD 500,000 in a strategic funding

Software-as-a-service (SaaS) startup I-CampusBuddy has secured USD 500,000 in a strategic funding round from payment gateway platform IppoPay Technologies. The education sector-focused startup plans to expand its product suite post the fund infusion.
09/03/2023

Software-as-a-service (SaaS) startup Houseware raised USD 2.1 Million in a seed funding round

Software-as-a-service (SaaS) startup Houseware raised USD 2.1 Million in a seed funding round led by Singapore-based, Tanglin Venture Partners. The round also saw participation from GTMfund, Better Capital, and undisclosed angel investors focused on the SaaS space. The San Francisco-based company plans to utilize the fresh funding towards expanding its […]
09/03/2023

Internet-of-things (IoT) based startup Probus raised USD 3 Million in a Series A funding round

Internet-of-things (IoT)-based smart grid automation startup Probus raised USD 3 Million in a Series A funding round led by existing investor Unicorn India Ventures. The round also saw participation from undisclosed angel investors based out of the US. The New Delhi-based company plans to ramp up its product development, hire […]
09/03/2023

GrayQuest raised USD 7 Million in a Series A funding round led by Pravega Ventures

GrayQuest raised USD 7 Million in a Series A funding round led by Pravega Ventures. The round also saw participation from the Weizmann Group, Telama Family Office and Apurva Parekh (Pidilite Family Office). Existing investors such as the family offices of Ashok Wadhwa (Ambit Capital) and Yogesh Mahansaria also invested […]
07/03/2023

Kerala Govt Angel Network, Others Commit INR 18.4 Cr Investment For Early-Stage Startups

In a bid to promote Kerala’s startup ecosystem, the state government along with other angel networks has made commitments to invest INR 18.4 Cr in Kerala-based early-stage startups. Sparks Angel Network, Kerala Angel Network and Phoenix Angels announced plans of investing INR 8 Cr, INR 5 Cr and INR 4.95 […]
07/03/2023

Growfin Raises USD 7.5 Million Funding To Help B2B Enterprises Automate Accounts Receivable

Chennai and San Francisco-based accounts receivable (AR) automation startup Growfin has raised a USD 7.5 Million Series A funding round. The round was led by SWC Global, with participation from existing investors 3one4 Capital and angel investors. Growfin will use the funds to make investments in its tech stack and […]
06/03/2023

Zetwerk Raises INR 100 Cr In Debt Funding

B2B manufacturing services marketplace Zetwerk has raised around INR 100 Cr in debt capital, with a fund backed by the Edelweiss Group contributing the bulk of the financing. The debt was raised by issuing non-convertible debentures (NCDs) with around INR 83 Cr garnered from Edelweiss Credit Plus Fund
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