Archive News

29/03/2023

Insurtech startup Vitraya Technologies raised USD 5 Million in a Series A funding round led by StartupXSeed

Insurtech startup Vitraya Technologies raised USD 5 Million in a Series A funding round led by StartupXSeed. The round also saw participation from Season Two Ventures, Cactus, Xceedance and the family office of Mankind Pharma. The fresh funds will be used for hiring and scaling existing products and technology.
29/03/2023

DesignCafé has raised USD 4.8 Million in a follow-on Series B funding round

GSE-Commerce Pvt Ltd, which operates DesignCafé has raised USD 4.8 Million in a follow-on Series B funding round. The round was led by existing investor WestBridge Capital along with Mirabilis Investment Trust and venture debt fund Alteria Capital. The round also saw participation from existing investors Fireside Ventures and Sixth […]
28/03/2023

FASHION SUPPLY CHAIN STARTUP FASHINZA RAISES USD 30 Million; TO ENTER THE GULF, AMONG OTHER GEOGRAPHIES

Gurugram-based fashion supply chain startup Fashinza has raised USD 30 Million in funding from Mars Growth Capital and Liquidity Group. The company will use the funds to support working capital requirements to expand into the US, Gulf, and Europe.
28/03/2023

Insurtech Startup Medi Assist To Acquire Raksha Insurance To Expand India Presence

Insurtech startup Medi Assist has signed a definitive agreement to acquire competitor Raksha Insurance for an undisclosed amount. The deal will enable Medi Assist to bolster its presence in the interior parts of northern, central and western India. The startup claims that the move will also help it expand its […]
28/03/2023

pi Ventures Bags INR 22 Cr For Second Fund, To Invest In Early-Stage Deeptech Startups

Venture capital firm pi Ventures, which is focused on early-stage startups, has raised INR 22 Cr from Colruyt Group India. The fund will invest in early-stage deeptech startups across sectors such as blockchain, spacetech, biotech, among others. pi Ventures’s second fund has invested in seven startups so far, including Ottonomy, […]
28/03/2023

Fintech Startup Nimbbl Secures Funding To Help Cos Grow Revenue, Customer Conversions

Fintech SaaS startup Nimbbl has secured USD 3.5 Million across its Seed and Pre-Series A funding rounds from Groww, Sequoia Capital India and Global Founders Capital. The round also saw participation from Palo Alto-based Amara VC, CRED founder Kunal Shah, Pine Labs CEO Amrish Rau, Jupiter founder Jitendra Gupta, Nium […]
27/03/2023

WARBURG-OWNED PARKSONS PACKAGING BUYS MK PRINTPACK

Paper packaging company Parksons Packaging has acquired MK Printpack to further strengthen its position in the folding cartons market in India. With this acquisition, Parksons will leverage Printpack’s packaging solutions and technical expertise in fluted packaging using reinforced cardboard to augment its product portfolio. MK’s strategically located manufacturing facilities will […]
27/03/2023

Sportzcraazy acquires kabaddi platform Kabaddi Adda

Sports tech and media platform Sportzcraazy has acquired media content platform Kabaddi Adda. Through the acquisition, Sportzcraazy will be taking the majority and controlling stakes in Kabaddi Adda. Sportzcraazy plans to host Kabaddi leagues and large scale tournaments across the country to build local and regional player opportunities. The combined […]
24/03/2023

Anicut Capital-Backed Uravu Labs Secures Funds To Revolutionise The Water Industry

Clean energy startup Uravu Labs has secured USD 2.3 Million in a seed funding round from JITO Angel Network, Anicut Capital, Speciale Invest, Rocketship.vc, Vesta, Spectrum Impact, ZNL Growth Fund, VERSO, Echo River Capital, and various high-net-worth individuals (HNIs). Uravu Labs will utilise the fresh funds to scale up and […]
23/03/2023

D2C startup HiYo secures INR 4.1 Cr

HiYo, a D2C startup focused on optimizing the consumer acquisition cost (CAC) model by leveraging engaged communities, has raised INR 4.1 Cr in a funding round. HiYo plans to launch at least one more brand this calendar year and expand into the consumer technology space.
23/03/2023

Neobanking company Stashfin raises USD 100 Million in debt

NeoBanking platform Stashfin has raised USD 100 Million in debt from InnoVen Capital, Trifecta Capital, and a clutch of other domestic investors. Stashfin will use the fresh funds to optimize its portfolio for potential securitization, better customer experience, and further improve financial inclusion.
23/03/2023

Nazara Subsidiary Sportskeeda To Acquire Majority Stake In US-Based Pro Football Network

Sports news platform Sportskeeda, a subsidiary of gaming major Nazara Technologies, has signed definitive agreements to acquire a 73.27% stake in Pro Football Network LLC for USD 1.82 Million in an all-cash deal. Pro Football Network is a leading source of coverage and analysis of the National Football League with […]
23/03/2023

Healthtech startup Reveal HealthTech has raised USD 4 Million in a seed funding round

Healthtech startup Reveal HealthTech has raised USD 4 Million in a seed funding round from healthcare-focused early-stage venture capital (VC) firm W Health Ventures. The Bengaluru-based company aims to utilize the funding received to develop its technology stack, hiring, and scale its operations.
23/03/2023

Mystifly marked the final close of its pre–Series B funding round at USD 8 million.

Software-as-a-service (SaaS) startup Mystifly marked the final close of its pre– Series B funding round at USD 8 million. The round comprised two tranches. In the first tranche, the company raised USD 5.7 million from RSI Fund I. LLC (a subsidiary of Recruit Co. Ltd.), Jenfi and Crusade Partners. The […]
22/03/2023

Good Glamm Group And The Puzzling Bulbul Acquisition

The Good Creator Co, the influencer-focussed vertical of the Good Glamm Group (GGG), has announced the acquisition of social commerce startup Bulbul, as it looks to tap the latter’s tech and product capabilities. As part of the deal, Bulbul’s cofounder Sachin Bhatia will join The Good Creator Co as its […]
22/03/2023

BharatPe Picks Up Majority Stake In Trillion Loans, Looks To Bolster Lending Play

Fintech juggernaut BharatPe has reportedly picked a majority stake in Mumbai-based non-banking financial company (NBFC) Trillion Loans Fintech. The deal will enable BharatPe to easily offer loans and credit facilities as well as bypass reliance on other NBFCs.
22/03/2023

Milkbasket Cofounder Anant Goel’s New Startup Sorted Bags USD 5 Million

Sorted, a franchisee network of digital mom-and-pop stores, the F&V startup has so far raised USD 5 Million in its ongoing seed round. Sorted will enable access to quality fruits and vegetables that are straight from the farms
22/03/2023

Car Rental Startup IndusGo Secures USD 12.1 Million To Add 1,000 Vehicles To Its Fleet

Car rental platform IndusGo has secured USD 12.1 Million from its parent company Indus Motors to add 1,000 cars to its existing fleet of 489 cars. The startup also plans to deploy the funds to develop technology and hire talent to enhance its customer services.
21/03/2023

WestBridge-Backed PhysicsWallah Acquires K-12 Edtech Startup Knowledge Planet

Edtech unicorn PhysicsWallah has reportedly acquired UAE-based, K-12 online learning platform Knowledge Planet for an undisclosed sum. With this acquisition, PhysicsWallah is planning to expand across the Gulf Cooperation Council (GCC) region by 2024.
21/03/2023

EV Charging Startup CHARGE+ZONE Raises USD 54 Million In Funding Round Led By BlueOrchard

EV charging startup CHARGE+ZONE has raised USD 54 Million in its Series A1 funding round. The funding round was a mix of debt and equity, with BlueOrchard Finance providing debt funding of USD 8 Million The round, which also saw participation from existing and new institutional investors.
21/03/2023

M&M Acquires 100% Stake In Agritech Startup MITRA

Mahindra & Mahindra (M&M) has inked definitive agreements with agritech startup MITRA, increasing its stake from 47.33% to 100%. Thereby, MITRA is now a wholly-owned subsidiary of M&M. With this acquisition, MITRA plans to scale its product portfolio and expand network in India and overseas markets
21/03/2023

WinZO Launches USD 50 Million Gaming Fund To Invest In Startups

Gaming startup WinZO has launched a USD 50 Million ‘Game Developer Fund’ to invest in global gaming startups. WinZO would invest in startups across all forms of interactive entertainment – game developers and publishers, economies around gaming, content creation, live-ops, and security. The games would cover diverse genres from casual, […]
21/03/2023

PAG-Backed Nuvama Wealth Acquires Wealthtech Startup Pickright

Listed wealth management firm Nuvama Wealth, which was earlier known as Edelweiss Personal, has reportedly acquired a 74% equity in wealthtech startup Pickright Technologies. The acquisition will offer an exit to Pickright’s existing investors–Mumbai Angels Network, JITO Angel Network and 100x.VC. The acquisition will help Nuvama tap into Pickright’s platform […]
21/03/2023

The UAE-based fintech startup Sav raised USD 750,000 in a pre-seed round from angel investors this week.

The UAE-based fintech startup Sav raised USD 750,000 in a pre-seed round from angel investors this week. Sav facilitates financial savings for consumers by letting users keep track of their savings and rewards them for achieving a saving goal.
Top