Archive News

02/07/2020

Forbidden Foods raises seed funding; to compete with PepsiCo, ITC

Packaged foods startup Forbidden Foods has raised seed funding of USD 1 Million from marquee angel investors and rolled out its first product line to compete directly with PepsiCo, Parle, ITC in the organised snacks space.  
02/07/2020

Edtech startup Flinto raises USD 7.2 Million in Pre-Series B led by Lightbox Ventures

Flinto Learning Solutions, a Chennai-based edtech startup, has raised USD 7.2 million in Pre-Series B funding, led by Lightbox Ventures. The funding will be utilised by Flinto to support its rapid growth in the early learning space and to expand its newly-launched preschool solution Flintoclass@HOME.    
02/07/2020

Artha Venture Fund backs kids’ cab service platform Piggy Ride in eighth bet

Early-stage micro venture capital firm Artha Venture Fund has invested INR 3.5 crore in a mobility platform for kids, Piggy Ride. The investment is part of Piggy Ride’s pre-Series A funding round. The funding was led by existing investor JAFCO Investment Asia Pacific, a Tokyo-based venture capital firm.  
01/07/2020

Unicorn India Ventures strikes second deal from Fund II, backs fintech ChitMonks

Hyderabad-based Pangean Global Services, which owns and operates fintech platform ChitMonks, has raised USD 650,000 in its first institutional funding round from venture capital firm Unicorn India Ventures.  
01/07/2020

Agritech startup Arya raises debt funding for NBFC unit

Delhi-based agritech startup Arya Collateral Warehousing Services, has raised an undisclosed amount in a debt funding round from Zurich headquartered investment firm responsAbility.  
01/07/2020

Automated data integration provider Fivetran raises USD 100 Million at USD 1.2 Billion valuation

Fivetra​n,​ a Bengaluru-based company in automated data integration with headquarters in Silicon Valley, has raised USD 100 million in Series C funding, led by Andreessen Horowitz (a16z) and General Catalyst, with participation from existing investors CEAS Investments and Matrix Partners.  
01/07/2020

Edtech platform Ken42 raises INR 11 crore in fresh round

Bengaluru based ed-tech startup Ken42 has raised a funding round of INR 11 crore led by Turbostart, a national programme for early stage startups. The round also saw participation from Muralidhara C, Managing Partner, Murali & Co, Advocates and Mohan Raju Manthena, Director, SRK Infrastructure.  
30/06/2020

YourNest exits voice AI startup Uniphore with stellar returns

YourNest Venture Capital has struck stellar return from its six-year-old investment in Uniphore Software Systems Pvt. Ltd that had raised a big-ticket Series C cheque led by March Capital Partners last year. The early-stage venture capital firm generated 6.6 times returns on its investment in Uniphore.  
30/06/2020

GetMyUni eyes online certification space with Avagmah acquisition

Edtech startup GetMyUni Education Services has acquired Avagmah, a platform that offers online degree programmes and skill development courses, from its parent Aeon Learning.  
30/06/2020

Men’s health and wellness startup Bold Care raises pre-seed round

Bold Care, a Mumbai-based men’s health and wellness startup, has raised an undisclosed pre-seed round of funding from an array of strategic investors. These include Rajesh Ranavat, Executive Director at Fung Strategic Investments; Abhishek Shah, Founder of ConsumerX; Kabir Kochhar and others.  
29/06/2020

Cloud kitchen Samosa Party raises bridge funding round from IP Ventures

Samosa Party Foods, a Bengaluru-based food-tech company that owns and operates an eponymous cloud kitchen platform, has raised an undisclosed amount in a bridge funding round, led by Inflection Point Ventures.  
29/06/2020

Budget hotel chain Treebo to raise USD 2.98 million in growth funding round

Bengaluru-based Ruptub Solutions, which owns and operates budget hotel chain Treebo, is in line to raise USD 2.98 million in a growth funding round from returning investors, including German firm Bertelsmann’s India investment unit, Matrix Partners India and SAIF Partners.  
29/06/2020

Micro delivery app OwO raises INR 5 crore

Subscription-based micro-delivery app OwO, dealing in essential goods deliveries starting with packaged water, said it has raised funding on INR 5 crore to set up operations across Gurugram with plans to expand to Delhi, followed by Mumbai, Hyderabad and other cites within 2020-21.  
29/06/2020

Byju’s valuation surges to USD10.5 billion

Famed Silicon Valley investor and analyst Mary Meeker’s Bond Capital has invested an undisclosed amount in education technology startup Byju’s at a valuation of USD 10.5 billion. The new valuation is a 30% increase from the $8-billion tag Byju’s got just in January, and makes it the second-most valued startup […]
26/06/2020

Deal Announcement: New age digital media firm Rusk Media raises seed funding round via Enablers

Delhi-based digital media firm Rusk Media has raised undisclosed seed round from InfoEdge Venture Fund, Sprout Venture Partners, Survam Partners, and an undisclosed institutional investor aided by ValPro’s startup advisory vertical, Enablers. Rusk Media creates video content across genres such as fiction, music, lifestyle and technology, targeting Gen-Z and millennial […]
26/06/2020

Lightspeed, Falcon Edge lead Series A funding in enterprise AI startup Nextbillionai

NextBillion AI, which operates the artificial intelligence-based enterprise platform focussed on hyperlocal solutions, has raised USD 7 million in its Series A funding round by Lightspeed Venture Partners and Falcon Edge Capital.  
26/06/2020

Rakesh Jhunjhunwala, Sixth Sense Ventures invest more in nutrition brand Fast & Up

Fullife Healthcare, which sells sports nutrition supplements under the brand Fast & Up, has secured INR 50 crore as fresh capital from a mix of existing and new investors. Existing investors Rakesh Jhunjhunwala and Sixth Sense Ventures also participated in this round. Akash Prakash, the founder of Singapore-based Amansa Capital, […]
26/06/2020

Fintech firm Slice raises pre-Series B funding

GaragePreneurs Internet, which operates financial technology firm Slice, has raised INR 46 crore in its pre-Series B funding round led by the investment and consulting arm of Gunosy Inc., a Japan-based news and technology services company. Other participants in the round include the US-based early-stage global fund EMVC, Better Capital, […]
26/06/2020

Matrix Partners leads Series A round for nutrition brand OZiva

Early-stage venture capital firm Matrix Partners India has led a USD 5 million Series A funding round in plant-based nutrition brand OZiva. The company’s existing investor Titan Capital, an investment vehicle of Snapdeal founders Kunal Bahl and Rohit Bansal, also participated in this round.  
25/06/2020

Nextbillion.ai raises USD 7 Million funding led by Lightspeed India Partners and Falcon Edge Capital

Nextbillion  which builds mapping and other AI-based services for emerging markets, has raised USD 7 million in Series A funding, led by Lightspeed India Partners and Falcon Edge Capital.  
25/06/2020

Amazon pledges USD 2 billion venture capital fund to invest in clean energy

Amazon.com Inc, will launch a USD 2 billion venture capital fund that will focus on technology investments to reduce the impact of climate change and support sustainable development. The Climate Pledge Fund will invest in companies across industries such as transportation and logistics, energy, storage and utilization, manufacturing and materials, […]
25/06/2020

CapitalG leads Series E funding round in Aye Finance

Aye Finance Pvt. Ltd, a non-banking financial technology company focussed on micro, small and medium enterprises, has raised INR 210 crore in its Series E funding round. The round has been led by CapitalG and other participants in the round include LGT Lightstone, Falcon Edge, A91 Partners and MAJ Invest. […]
25/06/2020

Leo Capital leads pre-Series funding for gaming firm Bombay Play

Early-stage venture capital firm Leo Capital has led a USD 1.5 million pre-Series A round of funding in gaming company Bombay Play.  
25/06/2020

Chiratae Ventures invests in bionics company Aether Biomedical

Poland based, Aether Biomedical Sp. z o.o, which operates a medical robotics company that develops rehabilitation-focused devices, has raised an undisclosed funding as part of its seed round from investors including Chiratae Ventures.  
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