Archive News

11/05/2020

Medical advice platform DocsApp scores cash injections from Fusian Capital, others

Phasorz Technologies, which operates medical consultation platform DocsApp, has raised USD 9.6 million in funding led by Fusion Capital. Bessemer Venture Partners (BVP) India, Rebright Partners and Milliways Fund has also participated in the round.
11/05/2020

Impact investor Caspian’s debt arm raises funding from US International DFC

Digital corporate lending financial services firm Caspian Debt has raised USD 20 million as long-term debt from the US International Development Finance Corporation (USIDFC), an arm of the US government that provides finance to impact-oriented projects.
11/05/2020

Space-tech startup VestaSpace secures funding from Next Capital

VestaSpace Technology, which operates a space-technology startup focussed on providing small and medium businesses with access to satellites, has raised USD 10 million in funding from Next Capital, US-based investment management and advisory services firm.
11/05/2020

Ratan Tata invests in Generic Aadhaar to bring affordable medicines to masses

Ratan Tata, has  invested an undisclosed amount in pharmaceutical venture Generic Aadhaar. It follows a pharmacy-aggregator business model sourcing generic drugs directly from the manufacturer and providing it to the retailers, thereby cutting out the middlemen completely and delivering medicines to masses at a much lesser cost.
11/05/2020

Fintech firm LoanAdda bags funding from ah! Ventures, others

Aadventure Infotech , which operates small-ticket loans-based financial technology firm LoanAdda, has raised undisclosed funding from ah! Ventures, the Mumbai-based investment manager and platform. PRAAK Investments and Ahmedabad-based Ratnaafin Group also participated in the funding round.
08/05/2020

Voicebot startup for enterprises Vernacular.ai raises Series A funding

Vernacular.ai, which offers a multilingual artificial intelligence (AI) platform for businesses, has raised USD 5.1 million  in its Series A round of funding led by Exfinity Ventures and IAN Fund.
06/05/2020

Agri-tech startup Clover raises debt funding from Alteria Capital

Clover Ventures, which operates an agricultural-technology firm focussed on providing greenhouse-grown fresh produce, has raised INR 7 crore in debt funding from Alteria Capital.
06/05/2020

Health-tech platform Phable collects pre-Series A cheque

Early-stage investor Inflection Point Ventures has led a USD 1 million pre-Series A round of funding in mobile-first healthcare services platform Phable.
05/05/2020

Classplus raises USD 9 Million to grow its Shopify-like platform for teachers and coaching centers in India

Edtech startup Classplus has raised USD 9 million in its Series A financing round led by RTP Global. Existing investors Blume Ventures, Sequoia Capital India’s Surge, Spiral Ventures, and Strive also participated in the round.
05/05/2020

Jio Gets INR 5,655 Crore Investment From PE Giant Silver Lake

Mukesh Ambani-led Reliance’s Jio Platforms, raised an additional INR 5,655 Crore from private equity firm Silver Lake at an equity value of INR 4.90 Lakh Crore and an enterprise value of INR 5.15 Lakh Crore.
05/05/2020

Payment solutions firm Mintoak raises INR 15 cr in pre-series A from Pravega Ventures

Mintoak, a Mumbai based merchant payments solutions company, set up by former top officials of Visa, has raised close to INR 15 crore in a pre-Series A round of fund raise led by Pravega Ventures.
05/05/2020

Children-focused snacks startup Lil’ Goodness secures seed funding

Happytizers, a Bengaluru-based company that sells snacks for children under the Lil’ Goodness brand, has raised INR 5 crore in its seed round of funding led by Beyond Next Ventures (BNV), a Japanese venture capital fund.
05/05/2020

Rooter bags USD 1.7 million in new funding round

Sports fan engagement platform Rooter has raised USD 1.7 million in a fresh funding round led by Paytm, Adidas family-backed leAD Sports, Rockstud Capital, and Founder Bank Capital—the early-stage arm of RB Investments.
04/05/2020

LoadShare raises INR 100 crore from Beenext, others

Tech-enabled logistics platform LoadShare has raised INR 100 crore, led by Beenext with participation from CDC Group and existing investors Stellaris Venture Partners, Matrix Partners and venture debt fund Alteria Capital.
04/05/2020

MetaMorphoSys Gets Backing From US Fund For Southeast Asia Expansion

Pune-based B2B insurance tech startup MetaMorphoSys has raised an undisclosed amount of funding from California-based early-stage VC fund Good Capital in a pre-series A round. Rahul Khanna, Cofounder and MD of venture debt fund Trifecta Capital also participated in the round.
01/05/2020

Inflection Point Ventures bets on ed-tech startup Pedagogy

Ahmedabad based Ed-tech startup Pedagogy has raised INR 3 crore funding from Inflection Point Ventures (IPV).
01/05/2020

Tencent leads Series C funding in self-publishing startup Pratilipi

Nasadiya Technologies, which operates vernacular self-publishing firm Pratilipi, has raised INR 70.68 crore in its Series C funding round. The round has been led by Chinese conglomerate Tencent, with participation from firms including Omidyar Network, Bennett Coleman & Co Ltd (BCCL), Shunwei Capital and Nexus Venture Partners.
01/05/2020

Medical devices maker Consure raises funding from Accel, others

Medical devices maker Consure Medical has raised INR 3.61 crore in funding from Accel Partners and Jayesh Arvind Parekh, who is the managing partner at the Singapore-based Jungle Ventures
30/04/2020

ShopX raises INR 10.6 Crore from existing investor Li and Fung, former Crompton Greaves chairman

Bengaluru-based B2B ecommerce startup ShopX has raised INR 10.67 crore from Rajesh Ranavat, MD of its existing investor and shareholder Fung Group’s investment arm FX Pte Ltd, Li and Fung, and his wife Sandhya Ranavat. The round also saw participation from Kewal Krishnan Nohria, the former Chairman of Crompton Greaves.
30/04/2020

Mysun raises INR 32 crore from existing investors to fund expansion

New Delhi-based solar rooftop technology platform Mysun raised INR 32 crore from its existing investors in a structured equity deal as a part of its pre-series round A funding.
30/04/2020

Fintech startup NIRA raises pre-Series A funding

Shuhari Tech Ventures, which operates the blue- and grey-collar worker-focussed financial technology startup NIRA, has raised USD 2.1 million in its pre-Series A funding round from existing and new angel backers in the UK, Europe and India.
30/04/2020

Venture Catalysts invests in edtech startup Qin1

Venture Catalysts, an integrated incubator and accelerator platform, has invested an undisclosed amount in edtech startup Qin1.
30/04/2020

SARVA raises funds from Mantra Capital

SARVA, a yoga and wellness company, is all set to accelerate its digital footprint with undisclosed funding received from US-based VC Fund Mantra Capital, along with a financial contribution from the Patni Family.
29/04/2020

Digital media startup NewsBytes raises USD 1.5 Million led by North Base Media

Gurugram-based NewsBytes, owned by Elysium Labs, has closed a Series A round of almost USD 1.5 million, led by North Base Media, a global venture capital firm specialising in media.
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