Archive News

18/02/2022

Recently turned unicorn DealShare adds USD 45 Million from ADIA, could IPO in 24 months

DealShare a social commerce startup, has raised an additional USD 45 Million from Abu Dhabi Investment Authority (ADIA) at a valuation of USD 1.7 billion. DealShare plans to use the funds to enhance its technology, customer acquisition and for product innovation.
18/02/2022

Early-stage startups Sublime Life, Habanero Foods raise funding

Sublime Life has raised USD 2 million funding from Roots Ventures, the family offices of Apar Industries and Umesh Sanghvi India and a host of high net-worth individuals (HNIs). The round also saw participation from senior professionals from Reckitt, Google, IBM and Ador.
18/02/2022

Zerodha co-founder Nikhil Kamath invests in drone start-up Omnipresent Robot Tech

Zerodha co-founder Nikhil Kamath, along with Abhijeet Pai, has invested in drone start-up Omnipresent Robot Tech through their investment arm Gruhas Proptech.The amount invested by Kamath and Pai has not been disclosed.
17/02/2022

Vernacular Edtech Startup Entri.app Secures USD 7 Million From Omidyar Network India, Others

Vernacular edtech startup Entri.app has raised USD 7 Million in Series A funding round led by Omidyar Network India with participation from Boston-based Innospark Ventures and Integrated Capital. This round of funding follows the company’s USD 3.1 Million seed round and brings the total capital raised to USD 10.1 Million.
17/02/2022

Location Intelligence Startup Data Sutram Secures Funding From Varanium Capital, Yatra Angel Network

Location intelligence startup Data Sutram has bagged a USD 2.07 Million funding led by Varanium Capital and Yatra Angel Network. The other participants include DMI Finance’s Sparkle Fund, White Ventures, Seeders LLP, notable angel investors, IIFL Fintech Fund and Indian Angel Network.
17/02/2022

Women Healthtech Startup Proactive For Her Bags USD 5.5 Million To Launch Flagship Clinic

Women Healthtech Startup Proactive For Her, has raised USD 5.5 Million in Series A funding led by Vertex Ventures South East Asia and India with participation from existing investor Nexus Venture Partners.
17/02/2022

Suniel Shetty Invests In Fitness Startup Aquatein, Joins As Brand Ambassador Too

Actor Suniel Shetty has invested an undisclosed amount in fitness startup Aquatein and joined it as investor and brand ambassador too. Aquatein is a keto-friendly, gluten-free, lactose-free and 100% vegetarian drink which is basically made of water with added protein.
17/02/2022

Nanonets Raises USD 10 Million Funding to Help Enterprises Automate Document Workflow

Workflow automation startup, Nanonets, has raised USD 10 Million in its Series A funding round led by Elevation Capital. Early investors in the startup include actor Ashton Kutcher, Y Combinator, SV Angel, and Soma. The funds will be used to ramp up hiring across engineering, artificial intelligence and machine learning […]
17/02/2022

Healthcare platform GOQii raises USD 50 Million led by Sumeru Ventures

GOQii Inc. has raised USD 50 Million in a Series C funding round led by Sumeru Ventures. The round saw participation from existing investors Mitsui. The equity round was led by Sumeru Ventures, Blacksoil Capital and Trifecta Capital led venture debt funding.
17/02/2022

Enterprise SaaS platform Actyv.ai snags USD 5 Million in pre-series A round

Actyv.ai, an artificial intelligence (AI)-powered enterprise software-as-a-service (SaaS) platform has raised pre-Series A funding of USD 5 Million from Dubai-based 1Digi Investment management firm, the family office of Raghunath Subramanian, Global CEO, Actyv.ai. The company plans to use the fresh funds to scale and expand globally.
17/02/2022

Intelligence solutions provider Marj Technologies nets funding from JITO Angel Network

Intelligence solutions provider, Marj Technologies has bagged seed funding of INR 2.55 crore led by JITO Angel Network. The company plans to use the fresh funds for making intelligence platforms and ecosystems, driving decision-making in manufacturing plants and providing artificial intelligence-based macro and micro-level insights.
17/02/2022

Automation platform Uniphore raises USD 400 Million led by NEA , turns unicorn

Uniphore Technologies Inc, a conversational automation platform, has raised USD 400 Million in a Series E funding round led by New Enterprise Associates at a USD 2.5 Billion valuation. The round saw participation from March Capital, Sorenson Capital Partners, and Sanabil Investments. Some of its existing investors also participated in […]
16/02/2022

Celebration-Focussed ‘House Of Brands’ Join Ventures Raises USD 10 Million

Mumbai-based House of Celebration-focussed D2C Brands Join Ventures has raised USD 10 Million in its Series A round from DSG Consumer Partners, Rajiv Dadlani Group, 9Unicorns and Venture Catalysts. Join Ventures plans to use the funds to ensure the expansion of its dark stores network, product development via tech advancements […]
16/02/2022

Early Stage VC 8i Ventures to mark first close of Fund II By April 2022

Early-stage venture capital (VC) fund 8i Ventures had launched 8i Fund II — with a corpus of USD 50 Million. The ticket size of investments will range between USD 500K and USD 5 Million depending on the growth stage and maturity of the company
16/02/2022

Men’s Health & Wellness Startup Bold Care Secures Funding To Expand Overseas

Men’s health and wellness direct-to-consumer (D2C) startup Bold Care has raised Pre-Series A funding from Sharrp Ventures, Anthill Ventures, Stanford Angels & Entrepreneurs and Shiprocket. Existing investors NB Ventures and Huddle also participated in the round. The amount raised will go for product development, widen customer base and overseas expansion […]
16/02/2022

RapiPay raises USD 15 Million to launch Digital Banking Super App

Fintech startup RapiPay has raised USD 15 Million in funding to launch NYE, a new-age digital banking super application. The current funding round is led by Varun Jaipuria of RJ Corp, DLF Family Office, Rahul Gautam of Sheela Foam and Rohan Kumar of DS Group.
16/02/2022

Offgrid Energy Labs Secures Funding From Shell, Ankur Capital & APVC

Kanpur-based energy tech startup Offgrid Energy has raised undisclosed funds from energy solutions giant Shell, venture capitalists Ankur Capital and APVC to take its flagship product rechargeable zinc-based battery ZincGel to the market.
16/02/2022

Info Edge Acquires 25% Stake In Edtech Startup Juno Learning For INR 11.25 Crores

Info Edge has acquired a 25% stake in Gurugram-based Ed-Tech startup Juno Learning for INR 11.25 Crores. The investment would help the company create and consolidate its presence into a niche vertical of sales upskilling.
16/02/2022

D2C-focused Join Ventures snags USD 10 Million from 9Unicorns, Venture Catalysts, others

Join Ventures has secured Series A funding of USD 10 Million from DSG Consumer Partners, Rajiv Dadlani Group, 9Unicorns and Venture Catalysts. The platform plans to use the fundraise for dark stores network expansion, revving up technology and logistics
16/02/2022

Capital A sets up USD 10 Million fund to back India EV startups

Capital A, a venture fund for seed to early-stage investments has floated a USD 10 Million cleantech fund ‘Evolve’ to back India startups operating in electric vehicles space. Capital A’s strategy will also involve various tie-ups with academic institutions focusing on the EV sector and encourage entrepreneurship in the domain
16/02/2022

India Accelerator-backed SustainKart acquires homecare brand FromVedas

SustainKart, an e-commerce marketplace for sustainable products, has acquired homecare brand FromVedas. SustainKart is eyeing bets on marketing support and strategic celebrity partnerships to promote these brands across the board.
16/02/2022

Anveya Living raises seed funding from Rukam Capital

Anveya Living has raised INR 8 Crores in its seed funding round from Rukam Capital. The company plans to deploy the fresh capital for research and development (R&D), enter new categories and markets, and build its team.
15/02/2022

Fitness Unicorn Cult.fit Acquires Indian Business of Gold’s Gym

Fitness unicorn Cult.fit has acquired a majority stake in F2 Fun & Fitness which owns the Indian franchise of international gym chain Gold’s Gym. With this acquisition, Cult.fit will now operate the Indian chain of Gold’s Gym.
15/02/2022

CredAvenue Acquires Spocto To Enable Debt Recovery

Debt marketplace startup CredAvenue has acquired about 75% stake in digital collections startup Spocto for around INR 400 Crores. This will help expand the company’s product offerings to include a digital collection solution for lenders and further improve its value proposition to the BFSI sector.
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