Archive News

23/01/2023

Symphony International Writes USD 20 Million Cheque To Isprava

Isprava Group has raised USD 20 Million from Asia-focused investment firm Symphony International Holdings Ltd. The funds will be used for expansion of footprint of Isprava, which develops luxury second homes in non-urban locations, and Lohono Stays, which offers luxury homestay rentals, in India and overseas markets.
23/01/2023

Deeptech Firm Myelin Snags USD 3 Million In Visteon-Led Round

Myelin Foundry Pvt. Ltd has secured Series A funding of USD 3 Million led by US-based automotive supplier Visteon Corporation. The round also saw participation from Endiya Partners, Beyond Next Ventures and Pratithi Investment Trust. Myelin will use the fresh funds to expand its global footprint. So far, it has […]
23/01/2023

Log9 Raises USD 40 Million In Series B

Log9 has raised USD 40 Million in its Series B funding round in a mix of equity and debt, led by Amara Raja Batteries Ltd and Petronas Ventures. Other new investors, Incred Financial Services Private Ltd., Unity Small Finance Bank, Oxyzo Financial Services Private Ltd. and Western Capital Advisors Private […]
23/01/2023

FuelBuddy Fetches Fresh Funding, Eyes International Expansion

FuelBuddy has raised USD 20 Million in its latest funding round led by global conglomerates Naveen Jindal Group, Ravi Jaipuria Group (RJ Corp) and Nilesh Ved (Apparel Group, UAE). FuelBuddy plans to expand in India as well as in overseas markets such as the MENA (Middle East and North Africa) […]
20/01/2023

Piper Serica Raises INR 75 Cr For Its Angel Fund To Invest In Early-Stage Tech Startups

Piper Serica Advisors has raised INR 75 Cr for its angel fund to invest in early-stage tech startups. However, it did not disclose the name of the investors. The INR 100 Cr angel fund was launched last year and aims to raise the remaining INR 25 Cr in next two […]
20/01/2023

Healthtech Firm Breath Well-Being Raises USD 6 Million In Pre-Series B Round

Breath Well-being has secured pre-Series B funding of USD 6 Million co-led by existing investors 3one4 Capital, Accel and General Catalyst. The round also saw participation from Founder Bank Capital and Supermorpheus. Breath Well-being will deploy the fresh funds for hiring, developing tech stack and boosting its coaching academy.
19/01/2023

Avanse Financial Services raises INR 800 Cr from Kedaara Capital

Avanse Financial raised INR 800 Cr from private equity firm Kedaara Capital to drive its future growth. The funds will be deployed to expand its presence and outreach to a larger number of Indian students.
19/01/2023

Sundaram Alternates raises INR 205 Cr through debut corporate credit fund

Sundaram Alternate Assets Ltd has announced the first close of its debut corporate credit fund at INR 205 Cr. The fund will invest via high-yielding debentures and mezzanine securities in a portfolio of companies across MSME, fintech, manufacturing, and services.
19/01/2023

VC Firm 3one4 Capital Exits Edtech Startup Toddle With Over 6X Return

3one4 Capital, which invested around USD 200-250 K in Toddle’s seed funding round in 2020, announced its exit with a 6.6X return on its investment after the startup bagged USD 17 Million in its Series A funding round led by Sequoia Capital India.
19/01/2023

Women-Focussed Fitness Firm SocialBoat Raises Funding

SocialBoat has raised USD 200,000 in an angel funding round led by Plan B Capital. The round also saw participation from Abhijit Kane (Postman), Videt Jaiswal (Airblack), Bhuvan Gupta (OfBusiness) and Prateek Sharma (AheadVC), among others. The Gurugram-based startup will deploy the fresh proceeds to scale up its tech platform […]
19/01/2023

Fintech Startup MProfit Raises Fresh Funding

MProfit has raised around USD 2 Million in its first ever funding round. The round saw participation from Zerodha’s Rainmatter, Enam Holdings, Gruhas Proptech, Auxano Capital and Samarthya Investment Advisors. MProfit’s proprietary tech significantly reduces manual effort in portfolio management for investors, family offices, financial advisors and chartered accountants.
19/01/2023

PhonePe Raises Fresh Funding At USD 12 Billion Valuation

PhonePe has raised USD 350 Million in funding from global growth equity firm General Atlantic at a pre-money valuation of USD 12 Billion. The investment is the first tranche of the company’s latest fundraising that could see marquee Global and Indian investors investing up to USD 1 Billion in one […]
19/01/2023

Former JusPay Execs Floated Savings App Snags USD 3 Million In Seed Round

Gullak has raised seed funding of USD 3 Million co-led by Y Combinator and Better Capital. The round also saw participation from Rebel Partners, Goodwater Capital, GMO fintech fund and TRTL ventures, with angel investors including Kunal Shah (Cred) as well as Akshay Mehrotra and Ashish Goyal, among others.
18/01/2023

360 ONE Acquires Controlling Stake In Mumbai Angels

Alternate investment firm 360 ONE, which was formerly known as IIFL Wealth & Asset Management has completed the acquisition of a controlling stake in Mumbai Angels. Along with the acquisition, Mumbai Angels also announced two funds ‘Category 1 Venture Capital Fund- Angel Fund’ and ‘Category 1 Venture Capital Fund’ (VCF)
18/01/2023

Zero To One Sets Up INR 300 Cr Fund To Back Early-Stage Indian Startups

Investment firm Zero To One (ZTO) has received regulatory body SEBI’s approval to set up an INR 300 Cr Category-1 Alternative Investment Fund (AIF). The fund will invest in Pre-Seed and Series A tech-enabled startups working in edtech, healthtech, agritech, medtech and cleantech sectors
18/01/2023

ADB Invests USD 25 Million In Quadria Capital’s Third Fund

The Asian Development Bank announced a USD 25 Million equity investment in Quadria Capital Fund III LP, in a bid support better quality, accessible and affordable healthcare in Southeast Asia and South Asia
18/01/2023

Bain-Backed 360 ONE Floats Two Venture Funds

Bain Capital-backed 360 ONE, formerly IIFL Wealth and Asset Management, has announced two new early-stage funds totaling INR 1,700 Cr, including a category-I venture fund with a target corpus of INR 1,000 Cr, and a green shoe option of INR 200 Cr, as well as an INR 300-Cr angel fund […]
18/01/2023

AI-Focused Startup Mad Street Den Bags USD 30 Million

Enterprise artificial intelligence (AI) startup Mad Street Den has raised USD 30 Million in its Series C round, led by Avatar Growth Capital, with participation from existing investors Sequoia Capital and Alpha Wave Global (formerly known as Falcon Edge Capital).
18/01/2023

Telescope Partners Leads USD 25 Million Round In Beaconstac

QR code-based customer engagement platform Beaconstac has secured USD 25 Million as a part of its Series A funding round led by Telescope Partners, with existing investor Accel. The New York and Bengaluru-based startup will use the fresh funds to grow its platform and build its team
18/01/2023

Jewellery Firm Amama Taps She Capital

New-Delhi based online jewellery startup Amama Jewels has secured seed funding of USD 250,000 from venture capital fund She Capital. The firm will deploy the fresh capital to scale up its digital and tech verticals and strengthen logistics and operations.
18/01/2023

Blue Tokai Rakes In USD 30 Million From A91 Partners, White Whale Ventures, Others

Homegrown coffee brand Blue Tokai Coffee Roasters has secured Series B funding of USD 30 Million led by A91 Partners. The round also saw participation from White Whale Ventures, with existing investors Grand Anicut Fund and 8i Ventures.
17/01/2023

NeoGrowth Bags USD 10 Million Debt Funding To Offer More Credit To Businesses

NeoGrowth has secured USD 10 Million as debt investment from US-based MicroVest Capital Management. The fresh capital will support NeoGrowth to extend financing to small businesses and also, use it as the required growth capital for the company.
17/01/2023

Shivanssh Holdings, Others Back D2C Personal Care Brand Zlade

Zlade has secured USD 1.5 Million in a fresh fundraise from a clutch of investors including Shivanssh Holdings and Bharat Forge Ltd’s deputy managing director Amit Kalyani, among others. Founded in 2015, Zlade offers a range of products including manscaping trimmers, intimate hygiene solutions, razors and shaving essentials, among others. […]
17/01/2023

Exfinity, Log9, Others Write USD 4.75 Million Cheque To Deeptech Firm Chara

Chara Technologies has raised USD 4.75 Million led by venture capital firm Exfinity Venture Partners in a pre-Series A fundraise. The round also saw participation from Big Capital, the venture arm of Bitexco, and Log9 Materials, with existing investors Kalaari Capital and CIIE.Co.
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