Archive News

07/02/2022

GII backs Bombay Shaving Company in extended Series C round

Male grooming brand Bombay Shaving Company (BSC) has raised INR 50 Crores in funding from Gulf Islamic Investments as part of its extended Series C financing round. The company had announced to have secured INR 160 Crores led by Malabar Investments in the first leg of its Series C round […]
07/02/2022

Elevation Capital writes USD 3 Million cheque to DeFi platform Pillow

Decentralised finance (DeFi) startup Pillow has secured a seed capital of USD 3 Million led by Elevation Capital. The round also saw participation from Scott Lewis, JD Kanani and Sandeep Nailwal, Prabhakar Reddy, Aniket Jindal , Ramakant Sharma, and Farid Ahsan among others.
07/02/2022

Zomato-backed Shiprocket invests in logistics SaaS platform Logibricks

Zomato backed e-commerce shipping and enablement firm Shiprocket has invested USD 1.5 Million in Logibricks Technologies which is a (software-as-a-service) SaaS platform that enables online retailers to manage their end-to-end operations on the post-purchase side
07/02/2022

Jio Platforms invests USD 15 Million in Pranav Mistry’s AI firm Two Platforms Inc

Jio Platforms Ltd has invested USD 15 Million in Two Platforms Inc which is a Silicon Valley based deeptech startup founded by Pranav Mistry for a 25% equity stake on a fully diluted basis.
07/02/2022

Angels back ayurveda focused D2C brand Life & Pursuits

Life & Pursuits a direct-to-consumer (D2C) beauty brand focused on Ayurveda has secured USD 500,000 funding from a host of angel investors including Supermorpheus, Eagle10 Ventures, Pankaj Agrawal, Madhup Agrawal, Tarun Matta Ankur Singla among others.
04/02/2022

Infosec Startup Scrut Automation Raises USD 3 Million To Expand In US, EU And Asia Markets

Information security (infosec) startup Scrut Automation has raised USD 3 Million in seed funding from Lightspeed and Endiya Partners.
04/02/2022

Disruptors Capital launches Rs 120 Crores VC fund

Disruptors Capital has launched an INR 120 Crore early-stage venture capital fund to invest in tech startups across India, Southeast Asia, and the US. The Category-I Alternate Investment Fund (AIF) has received approval from the Securities and Exchange Board of India (SEBI)
04/02/2022

Digital solutions company UST buys Silicon Valley firm Accrete Hitech Solutions

Digital transformation solutions company UST has acquired Silicon Valley-based consulting and outsourcing platform Accrete Hitech Solutions for an undisclosed amount. This buyout will further add scale and depth to the digital product engineering portfolio for UST.
04/02/2022

Chai Point raises funding from InCred Capital

Mountain Trail Foods Pvt Ltd, which operates the Chai Point network of tea cafés, has raised funding from InCred Capital. Financial details are not disclosed yet
04/02/2022

Zomato CEO Deepinder Goyal sells own stake in Blinkit to Tiger Global

Deepinder Goyal, online food aggregator and delivery platform Zomato’s Co-founder and Chief Executive Officer has sold his personal stake in Blinkit, formerly known as Grofers, to Tiger Global Management.
04/02/2022

Multi-family office Waterfield Advisors scoops up USD 6 Million in Series B round

Multi-family office and advisory firm Waterfield Advisors has raised a funding of USD 6 Million in a Series B round from undisclosed investors and high net worth individuals. The company plans to bet the fresh funds on technology and expand its global footprint.
04/02/2022

ChrysCap-backed Safex acquires Shogun Organics’ agri focused arm

Agrochemicals company Safex Chemicals India has bought Gujarat-based firm Shogun Lifesciences for an undisclosed amount. Safex has acquired Shogun Lifesciences through its wholly-owned Pune-based subsidiary Shogun Organics Ltd which manufacturers home care active ingredients
04/02/2022

Brick manufacturing startup ZERUND raises capital from govt-backed VC

Zerund Manufacturing which operates the brick manufacturing startup ZERUND has raised an undisclosed amount from NEDFi Venture Capital Ltd (NVCL) in a pre-series A round
04/02/2022

Tiger Global leads USD 32 Million funding in engagement investment platform Jar

Jar, an engagement platform for savings and investments has raised USD 32 Million as a part of its Series A funding round led by Tiger Global Management and also saw partnership from Rocketship VC, Third Prime, Stonks, Force Ventures along with existing investors including Arkam Ventures and WEH Ventures. Also […]
03/02/2022

Logistics Startup Ecom Express To Raise INR 4,860 Crores Via IPO

IPO-bound logistics startup Ecom Express which is heading for an initial public offering has finalized its IPO offer. The Delhi-based logistics startup will be issuing a fresh issue size worth INR 2,160 Cr. The startup’s offer will also include offer-for-sale worth INR 2,700 Cr by existing shareholders.
03/02/2022

Enterprisetech Unicorn Gupshup Buys Cloud Telephony Startup Knowlarity

Conversational engagement platform Gupshup will acquire cloud-based telephony startup Knowlarity, for an undisclosed amount. Sequoia India will retain its investment and will get an equity stake in Gupshup. Other investors meanwhile, will fully exit the startup.
03/02/2022

Traveltech Startup Headout Raises Additional USD 30 Million In Series B

On-demand travel experiences platform Headout has raised an additional USD 30 Million in its extended Series B round bringing the total round size to USD 42 Million. The round was led by existing investor Glade Brook Capital and new investors Nexus Venture Partners, FJ Labs and 500 Startups . Also […]
03/02/2022

PUBG Maker Krafton Invests USD 5.4 Million In Jet Synthesys -Owned Gaming Studio Nautilus

PUBG Maker Krafton has invested USD 5.4 Million in Nautilus mobile, a mobile game development studio wholly owned by digital entertainment company JetSynthesys, for a minority stake.
03/02/2022

Venture Catalysts-backed LegalPay bags cheque from Hedonova

LegalPay Technologies which runs litigation financing platform LegalPay has racked up an undisclosed sum in a pre-Series A extension round from US-based hedge fund Hedonova.
03/02/2022

Canbank VC Fund backs healthcare firm Renalyx floated by former Forus Health Co-founder

Renalyx Health Systems which is a renal care solutions provider floated by the former co-founder of Forus Health, has raised its first round of external funding from Canbank Venture Capital. The funding will be used to develop products and software with an aim to provide end-to-end renal care solutions
02/02/2022

Anicut Capital Raises INR 140 Crores From Small Industries Development Bank

Anicut Capital has raised USD 19 Million from the Small Industries Development Bank of India (SIDBI) for their second debt fund. SIDBI will disburse the funds through the Fund of Funds for Startups (FFS) launched as part of the Indian government’s Startup India initiative.
02/02/2022

Chargebee valuation jumps 2.5X after racking up USD 250 Million from Tiger Global, Sequoia, others

Chargebee which runs a software-as-a-service-based subscription management platform has raised USD 250 Million in funding co-led by Tiger Global Management and Sequoia Capital and also saw participation from existing investors including Insight Partners, Sapphire and Steadview Capital, among others.
02/02/2022

Tiger Global leads USD 40 Million funding in logistics-tech startup Loadshare Networks

Loadshare Networks which operates a technology platform for small and medium-sized enterprises in the logistics sector has raised its Series C round of USD 40 Million led by US-based hedge fund Tiger Global Management. Filter Capital and 57 Stars also came on board as new investors, while the existing backers […]
01/02/2022

Upskilling Startup Scaler Academy Raises USD 55 Million

Edtech startup InterviewBit’s upskilling platform Scaler Academy has raised USD 55 Million in a Series B funding round at a USD 710 Million valuation led by Lightrock India, a new investor, and existing investors Sequoia Capital India and Tiger Global
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