Archive News


Refrens raises funding from Paytm founder, others

Refrens Internet , which operates an eponymous payments, invoicing and expense management system, has raised undisclosed capital from high-profile angel investors. Paytm founder Vijay Shekhar Sharma, founder Anupam Mittal were among the high-profile backers in this funding round.

Microfinance company Sindhuja Microcredit raises USD 8.7 Millio in Series B from NMI and Carpediem Capital

Sindhuja Microcredit, a new generation digital and rural-focused Micro Finance Institution providing financial services to the bottom of the pyramid self-employed women entrepreneurs, has raised a Series B funding round of USD 8.7 million from Norway-based Nordic Microfinance Initiative (NMI) and Carpediem Capital.

AI-based business photography firm Spyne raises pre-Series A funding

Eventila Technologies , which operates artificial intelligence-based business photography firm Spyne, has raised undisclosed  funding as part of its pre-Series A round led by AngelList, with participation from the Smile Group.

Logistics-tech firm Shiprocket raises Series C funding

BigFoot Retail Solutions , which operates e-commerce-focussed logistics-technology firm Shiprocket, has raised USD 13 million  in its Series C funding round led by the US-based Tribe Capital, with other participants including InnoVen Capital and existing backer Bertelsmann India Investments.

Steadview Capital invests INR 67 crore more in Nykaa

Asia-focused hedge fund Steadview Capital has invested an additional INR 67 crore in online beauty retailer Nykaa.

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.

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.

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.

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.

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.

Voicebot startup for enterprises raises Series A funding, 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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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).

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.

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

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.