Archive News

25/05/2021

Litigation Financier Legalpay secures seed funding from 9Unicorns

Tech-based litigation financier LegalPay has secured an undisclosed sum in a seed funding round led by 9Unicorns, the venture fund set up by incubator and accelerator Venture Catalysts and also saw participation from LetsVenture along with angel investors Ambarish Gupta
24/05/2021

SaaS startup Glamplus raises early stage capital to digitise salons

Glamplus that provides a suite of SaaS based software solutions to enable small salons, spas, and gyms to digitize their operations has raised INR 2 crores in a funding round led by IPV and also saw participation from Anil G, Sachin Kandelwal, Sravan Kumar, Abhishek Daiya, and Anudeep Nagalia
24/05/2021

Eruditus Enters K12 Learning With USD 200 Million All-Cash Acquisition Of US-Based Edtech Firm iD Tech

Online executive education firm Eruditus has acquired Silicon Valley-based ed-tech startup iD Tech in a cash deal for USD 200 Million.The deal will help iD Tech expand beyond the US, which accounts for 90% of its revenue so far.
24/05/2021

ixigo To Give Partial Exit To Existing Investors In Its INR 1,800 Crores IPO

Online travel aggregator ixigo’s upcoming initial public offering (IPO) which is slated to be listed in the Indian market this financial year will provide partial exits to all its existing investors
24/05/2021

SEBI raises overseas investment cap for AIFs to USD 1.5 Billion

The Securities and Exchange Board of India (SEBI) has doubled the amount of money that domestic private equity and venture capital funds can invest in overseas companies up to USD 1.5 billion per year for the entire industry.
24/05/2021

Microsoft Corp’s venture fund M12 leads extended Series A funding in NextBillion AI

NextBillion AI, which operates an artificial intelligence-based enterprise platform focused on hyperlocal solutions has raised INR 45 crores in its extended Series A round of funding from M12, formerly known as Microsoft Ventures.
24/05/2021

Scale Venture Partners leads Series B funding in US-based Esper Enterprises

Esper Enterprises which enables enterprises to develop, manage and monitor their Android-enabled devices in real-time has raised USD 30 million in Series B funding led by Scale Venture Partners and also saw participation from existing investors Madrona Venture Group, Root Ventures, Ubiquity Ventures, and Haystack.
24/05/2021

CSVP launches global enterprise SaaS index

Cornerstone Venture Partners Fund which invests in B2B tech firms has launched India’s first Global Enterprise SaaS Index that comprises 30 top globally-listed enterprise software-as-a-service (SaaS) companies, like Zoom and Salesforce, and is a real-time index, tracking their performance on the global stock exchanges
21/05/2021

Mukesh Bansal backed spacetech startup Skyroot raises Series A led by Greenko founders

Skyroot Aerospace has raised USD 11 million in a Series A funding round was led by Greenko founders Anil Chalamalasetty, Mahesh Kolli and also saw participation from Neeraj Arora, Solar Group, Graph Ventures, Sutton Capital and existing investor Mukesh Bansal
21/05/2021

Larsen & Toubro’s subsidiary invests in US-based Help Lightning

Engineering and construction major Larsen & Toubro (L&T) will acquire shares of Delaware-based remote virtual assistance application firm Help Lightning for USD 2.5 million
21/05/2021

Pune-based Keito raises seed round from LetsVenture and others

Keito Tech Pvt Ltd, a no-code intelligent information management platform for enterprises has raised an undisclosed amount in a seed round of funding from LetsVenture, SumaSoft, Rajesh Agarwal (chief executive of SP Investments), and Jaideep Sippy (lifestyle investor and former Gucci and Louis Vuitton executive)
21/05/2021

Women Activewear D2C Brand BlissClub Raises Funding From Elevation Capital and Angels

Women’s activewear direct-to-consumer brand BlissClub Fitness has raised USD 2.25 Million in a seed funding round led by Elevation Capital and also saw participation from Neeraj Arora , Kunal Shah, Rahul Mehta,Pam Lee ,Ashish Goel, Chakradhar Gade , and early-stage venture capital firm Good Capital
21/05/2021

Shell-backed EV charging solutions firm Magenta closes USD 15 Million funding round

Shell-backed Magenta EV Solutions, which focuses on electric vehicle charging solutions closed a USD 15 million funding round led by Indian-American cardiologist and entrepreneur Kiran C Patel
21/05/2021

Google-backed mental health startup Wysa closes funding round

Google-backed mental health platform Wysa has closed a USD 5.5 million Series A funding round led by Boston-based digital health investor W Health Ventures and also saw participation from Google Assistant Investment Program and existing investors pi Ventures and Kae Capital
21/05/2021

Accel-backed consultant ANSR raises Series B funding from Evolvence, Sistema Asia Fund

ANSR Consulting India Pvt Ltd, which helps multinational firms set up global capability centres (GCCs), has raised USD 15 million from Sistema Asia Fund and Evolvence India Fund in its Series B round of funding.
20/05/2021

Ness Digital Engineering acquires Risk Focus

The Rohatyn Group’s (TRG) digital transformation firm Ness Digital Engineering on Tuesday announced the acquisition of Risk Focus, a New York-headquartered consulting and advisory firm specializing in digital transformation for financial services.
20/05/2021

Spacetech Startup Agnikul Raises USD 11 Million To Take Next Step In Satellite Innovation

Chennai-based Space startup Agnikul has raised USD 11 Million in its Series A funding round led by Mayfield India and also saw participation from existing investors pi Ventures, Speciale Invest, and Artha Venture along with BEENEEXT, Globevestor, LionRock Capital, Anand Mahindra, Naval Ravikant, Balaji Srinivasan, Nithin Kamath, Abhishek Singhania, Aarthi […]
20/05/2021

Carbon-fiber startup Fabheads raises INR 8 Crores in pre-Series A round led by Inflection Point Ventures

Fabheads, a startup focused on automated manufacturing in the carbon fibre (and other composites) space has raised INR 8 crores in its pre-Series A round of funding led by Inflection Point Ventures. Existing backers Keiretsu (Chennai Chapter) and stock market investor Vijay Kedia also participated in this round
20/05/2021

Ingenium raises funding led by Lead Angels

Ingenium, an ed-tech startup offering white-label platforms to institutes has raised an undisclosed amount in its seed round funding led by Lead Angels. Existing backer Indian Angel Network has also invested in this round along with iAngels Network of India Accelerator, Faad Network, and Hem Angels.
20/05/2021

Fashion Retailer High Street Essentials raises USD 3.5 Million in funding

Delhi-NCR-based High Street Essentials Pvt Ltd, which owns omnichannel women fashion brands FabAlley and Indya, has raised USD 3.5 Million in a follow-on round of funding from its existing investors. Elevation Capital, India Quotient, Dominor Holding, and family offices participated in this round.
19/05/2021

Mogi IO raises undisclosed funding from Pentathlon Ventures

Cutting Edge Digital which operates B2B video tech platform Mogi IO raised an undisclosed amount from Pune-based Pentathlon Ventures. The capital raised will be used to strengthen the product making it scalable and robust.
19/05/2021

Tiger Global To Lead USD 20 Million Round For Rishi Vasudev’s Thrasio-Style Venture GOAT Brand Labs

New York-based investment firm Tiger Global has reportedly lead a funding round of USD 20 Million on Rishi Vasudev’s latest fashion and retail venture named GOAT Brands Labs and also saw participation from Mayfield and Flipkart’s venture fund. The company will acquire lifestyle brands and help them grow online
19/05/2021

Ed Tech Startup Spark Studios raises first round of funding from Better Capital

Extracurricular ed-tech startup Spark Studio has raised its first round of investment from early-stage venture capital firm Better Capital. The startup will invest in building a strong team to develop its platform
19/05/2021

AI Based Wealth-tech app Pickright Technologies raises USD 200 K

Early-stage venture investor Mumbai Angels Network, along with JITO Angel Network and other angel investors, has invested USD 200,000 in wealth-tech platform Pickright Technologies.
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