Archive News

29/05/2020

Intra-city logistics player Blowhorn scores venture debt financing from Trifecta Capital

Catbus Infolabs, which owns and operates asset-light logistics services provider Blowhorn, has raised an undisclosed venture debt financing from Trifecta Capital.  
29/05/2020

Swiflearn raises seed capital from Stellaris Venture Partners, Venture Highway, others

Swiflearn has raised a large undisclosed amount in seed round from Stellaris Venture Partners and Venture Highway, with participation from Utsav Somani, Founder of Angel List India.  
29/05/2020

IndoStar Capital Finance raises INR 1,225 Crore from Brookfield

Non-banking financial player IndoStar Capital Finance has raised INR 1,225 crore equity capital from Brookfield, an alternative asset manager. The investment by Brookfield in the retail-focused NBFC is a combination of primary investment in equity shares and compulsorily convertible preference shares (CCPS).  
29/05/2020

Former Facebook director Anand Chandrasekaran invests in edtech startup EduRev

Former Facebook director and Snapdeal senior executive Anand Chandrasekaran has invested an undisclosed amount in Delhi-based edtech startup EduRev.  
29/05/2020

Suryoday Small Finance Bank raises funding from Gaja Capital, others

Suryoday Small Finance Bank Ltd has raised INR 62.14 crore in funding from its existing investors Gaja Capital, Kotak Mahindra Life Company Ltd,  Lok Capital, US-based pension fund Teachers Insurance and Annuity Association of America (TIAA), and LN Bangur Group company Kiran Vyapar Ltd.  
28/05/2020

Healthtech startup Remedo raises pre-Series A round

Remedo, a Delhi-based healthtech startup in the telemedicine vertical, has raised an undisclosed amount in its pre-Series A round from River Rock Ventures. Inflection Point Ventures also participated in the round with other investors including AngelList, Mohit Satyanand, Mitesh Daga, and Aditya Vij.  
27/05/2020

Toch raises USD 1 Million in pre-Series A round from SOSV, 9 Unicorns Fund

Video meta-tagging platform Toch, has raised over USD 1 million in its latest round of funding, from investors including SOSV and its accelerator, Chinaccelerator, 9 Unicorns Fund, and Inflection Point Ventures.  
27/05/2020

Ola Electric Acquires Amsterdam-Based Etergo BV, Plans To Launch Two-Wheeler Globally

Bengaluru-based cab aggregator Ola’s electric mobility unit Ola Electric has acquired Amsterdam-based Etergo BV for an undisclosed amount. Post-acquisition, Etergo’s team will continue to be based out of Amsterdam as they join Ola Electric.  
27/05/2020

Ola Financial gets INR 205 crore from Falcon Edge, Matrix Partners

Ola Financial Services has picked up about INR 205 crore from investment fund Falcon Edge and venture firm Matrix Partners as part of its first institutional financing round.  
27/05/2020

Euler Motors raises INR 20 crore in fresh funding round

Automotive technology startup Euler Motors, has raised INR 20 crore as part of its ongoing series A funding, led by Inventus Capital. The other investors in the fresh round of funding include Blume Ventures, Singapore-based Jetty Ventures India Investments and Udaan’s co-founder Sujeet Kumar.  
27/05/2020

Insure-tech startup GramCover raises pre-Series A funding

GramCover Insurance Brokers, a rural insurance-technology platform, has raised undisclosed amount in its pre- Series A funding round from EMVC, a US-based boutique strategic venture firm focused on early-stage fintech and insure-tech, and Omidyar Network India. Existing investor Omnivore also participated in this funding round.  
27/05/2020

Venture debt firm Trifecta bets on logistics marketplace Blowhorn

Catbus Infolabs , which operates the asset-light logistics marketplace Blowhorn, has raised undisclosed funding from venture debt provider Trifecta Capital.  
26/05/2020

Varanium NexGen Fund leads investment in fintech startup HomeCapital

HomeCapital, a Mumbai-based fintech startup focussed on accelerating housing among millennials in India, has raised a funding round led by Varanium NexGen Fund. The round also saw participation from Venture Catalysts, JITO Incubation and Innovation Foundation, Singapore Angel Network, Venture Gurukool, and Shalin Shah among other investors.  
26/05/2020

Cloud Kitchen Hoi Foods raises USD 2 Million in pre-Series A from a clutch of investors

Gurugram-based Hoi Foods, which operates several cloud kitchens, has raised USD 2 million in a pre-Series A funding round led by 1Crowd as a follow up round, which also saw participation from Sprout, Angelist, and others.  
26/05/2020

CoinDCX Raises USD 2.5 Million From Polychain Capital, Coinbase Ventures To Bring Crypto To The Masses

Mumbai-based cryptocurrency exchange aggregator CoinDCX has now bagged USD 2.5 Million strategic investment led by existing investor Polychain Capital. Coinbase Ventures, the investment arm of San Francisco-based cryptocurrency trading platform Coinbase, also participated in the round.  
26/05/2020

Pioneering Ventures Acquires Lateral Praxis To Enable Agritech Solutions

Switzerland-based agri-food investment firm Pioneering Ventures, has acquired Mumbai-based agritech company Lateral Praxis. The duo is yet to disclose details of the transaction.  
25/05/2020

Info Edge (India) venture fund invests in e-sports platform, telehealth firm

The technology major’s investment vehicle, IE Venture Fund I, will invest about INR 3.5 crore in Fanbuff Esports India and INR 3.70 crore in Intellihealth Solutions. Fanbuff Esports India operates e-sports community engagement platform “Fanclash”, and the Intellihealth Solutions operates telehealth platform “Truemeds”.  
25/05/2020

Aster DM Healthcare & LSV Capital Roll Out Healthtech Incubator With USD 50 Million Corpus

Bengaluru-based conglomerate healthcare provider Aster DM Healthcare in partnership with investment firm Life Science Vision Capital and Social Alpha, announced to have set up an incubator-cum-accelerator named XHealth Innovation Lab to bolster healthtech startups. XHealth Innovation Lab has been set up with an initial corpus of USD 50 Million.  
25/05/2020

Fosun RZ Capital leads USD 17 million funding round in IRP Systems

IRP Systems, the Israeli provider of electric powertrain products for electric vehicles, has raised USD 17 million in its latest funding round, led by Fosun RZ Capital, the venture capital arm of Chinese conglomerate Fosun International. The round also saw participation from JAL Ventures, Entree Capital, an existing investor in […]
25/05/2020

Antivirus software maker Quick Heal invests in Singapore-based startup

Quick Heal Technologies Ltd, a cybersecurity and data protection solutions provider, has invested INR 2 crore in Ray Pte. Ltd, a Singapore-based startup specializing in next-generation networking and wireless technology.  
25/05/2020

IFC to invest in Accel-backed after-sales services provider Onsitego

International Finance Corporation (IFC) has proposed to invest USD 10 million in Onsite Electro Services, which operates after-sales solutions provider Onsitego.  
25/05/2020

IFC to come in as limited partner in Endiya Partners’ new fund

International Finance Corporation (IFC) plans to invest in venture capital firm Endiya Partners’ new fund. IFC will invest USD 10 million  in the venture capital firm’s second fund — Endiya Partners Fund II.  
22/05/2020

Professional women network leap.club raises USD 340K in a Pre-Seed round

Leap.club, a Gurugram-based community-led professional network for women, has raised USD 340K in its Pre-Seed round. The round saw participation from some of angels and funds including Whiteboard Capital , FirstCheque, Artha India Ventures, Sweta Rau Founder, of White Ventures, Amrish Rau CEO of Pinelabs and others.    
22/05/2020

SaaS Startup Mobisy Raising INR 11.4 Crore From IndiaMART, Triton

Bengaluru-based Mobisy, a SaaS-based distribution technology solutions provider is raising INR 11.4 Crore from B2B ecommerce platform IndiaMART and Triton Alternative Investment Trust.  
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