Archive News

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
06/03/2023

OnePlay Bags Funding From Baring Capital, Kunal Shah, Others To Help Users Play Online Games Without Hardware

Cross-platform cloud gaming platform OnePlay has raised USD 1.8 Million in a strategic funding round led by Baring Capital. The round also saw participation from Inflection Point Ventures, and other angel investors such as CRED’s Kunal Shah, Jupiter’s CEO Jitendra Gupta, Suraj Nalin of PlaySimple Games, and Gupshup’s CFO Amit […]
06/03/2023

Listed Internet player Info Edge has invested INR 5.2 Cr in a pet care firm Sploot

Listed Internet player Info Edge has invested INR 5.2 Cr in a pet care firm Sploot Pvt Ltd via its wholly-owned subsidiary Redstart Labs (India) Ltd. As part of the transaction, Sploot has issued 1822 preference shares to Redstart, which is an existing investor in the firm. New Delhi-based Sploot […]
06/03/2023

PremjiInvest has led a USD 26 Million Series A funding round in contract lifecycle management firm SpotDraft.

PremjiInvest, the private investment vehicle of Wipro founder-chairman Azim Premji, has led a USD 26 million Series A funding round in Bengaluru and New York-based contract lifecycle management firm SpotDraft. The fundraise also saw participation from Prosus Ventures, 021 Capital, Arkam Ventures, Riverwalk Holdings, 100x Entrepreneur Fund and a clutch […]
06/03/2023

Apparel brand Off Duty has secured USD 489,804 from revenue-based financier Velocity

Apparel brand Off Duty has secured USD 489,804 from revenue-based financier Velocity. The Mumbai-based company will deploy the fresh proceeds for expanding its inventory and marketing. Founded in 2019 by Madina S Khan and Shahbaaz Khan, Off Duty is a D2C apparel brand whose core products are denims, pants and […]
06/03/2023

Early-Stage Startup Pidge Has Raised USD 3 Million in Pre-Series A Funding Round from Mountain Partners

Delhi NCR-based logistics platform Pidge has raised pre-Series A funding of USD 3 Million led by Europe-based venture capital firm Mountain Partners, with participation from existing investor Indian Angel Network. The fresh funds will be used to expand the company’s logistics SaaS solution.
03/03/2023

Greenko raises USD 700 Million to fund pumped storage projects

Homegrown Greenko Group has raised USD 700 Million funding from Singapore’s sovereign wealth fund GIC, Orix Corporation of Japan, Abu Dhabi Investment Authority (ADIA) and its own founders. The equity funding will be utilised towards the capital expenditure of pumped storage projects.
03/03/2023

Mitra has raised an undisclosed amount in seed funding round from Bestvantage Investments

Mitra, a direct-to-consumer (D2C) brand operating in the fast-moving consumer goods (FMCG) market, has raised an undisclosed amount in its seed funding round from Bestvantage Investments. Mitra plans to use the funds to set up a dedicated manufacturing unit to improve its offerings.
03/03/2023

Voiceoc raised INR 3 Crore from BioAngels

Voiceoc, an artificial intelligence-based solution provider for hospitals, raised INR 3 Crore in a funding round led by BioAngels, with participation from SucSeed Indovation. The firm plans to use the proceeds to expand its team, particularly in the tech, sales and marketing verticals.
03/03/2023

Mobile gaming platform Simple Viral Games bagged USD 500,000 in a pre-seed funding round

Mobile gaming platform Simple Viral Games bagged USD 500,000 in a pre-seed funding round led by Weh Ventures. The round also saw participation from Eximius Ventures, PointOne Capital and Force Ventures, with a clutch of angel investors. Simple Viral Games aims to empower developers and studios to publish their games […]
03/03/2023

Tech-based storage solution provider Store My Goods has raised USD 1 Million

Tech-based storage solution provider Store My Goods has raised USD 1 Million in a seed funding round from JITO Angel network and Good Water Capital. The round also saw participation from Cars24’s co-founders Gajendra Jangid and Ruchit Agarwal, and Pepperfry co-founders Ashish Shah and Ambareesh Murthy, among others. The fresh […]
02/03/2023

EV Cab Startup Evera Bags USD 7 Million To Expand Footprint, Scale Tech Stack

Delhi-based electric vehicle (EV) cab service provider Evera has raised USD 7 Million in multiple tranches as part of its Pre-Series A funding round, which was led by Germany-based IEG Investment Banking Group, Thailand-based Direct Capital, and SIngapore’s Westova Global. The capital will be utilised for the advancement of tech […]
02/03/2023

IPV-Backed Hudle Acquires Sportstech Startup Sportido

Sportstech startup Hudle has acquired a controlling stake in Delhi-based startup Sportido for an undisclosed amount. The acquisition will help Hudle consolidate and strengthen its position in the North India market for amateur sports. The deal will further give Hudle access to newer markets where Sportido operates
02/03/2023

SigTuple Tops Up Series C Round With Another USD 4.3 Million

Bengaluru-based healthtech startup SigTuple Technologies Pvt. Ltd has topped up its Series C round with another USD 4.3 Million. The round also saw participation from Accel, Chiratae Ventures, Pi Ventures, Flipkart’s co-founder Binny Bansal and Trifecta Capital. SigTuple plans to expand its geographical and product portfolio, with supporting its regulatory […]
02/03/2023

Matrimony App Betterhalf Gets USD 8.5 Million Fund Infusion

Artificial intelligence-backed matrimony app Betterhalf has secured USD 8.5 Million in a Series A funding exercise. The round saw participation from FinSight Ventures, Rebel Fund and Nurture Ventures, with angel investors Mike Krieger (co-founder of Instagram), Arash Ferdowsi (co-founder of Dropbox), Derek Callow (former Bumble CMO) and Brendan O’Driscoll (former […]
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