Archive News

11/01/2022

Dell Foundation leads USD 2.5 million investment in Arthan Finance

The Michael & Susan Dell Foundation has led a USD 2.5 million equity investment in Mumbai-based fintech startup Arthan Finance, which offers loans to tiny entrepreneurs. The Dell Foundation has put in USD 1.5 million, while the balance came from existing angel investors including economist Ajit Ranade and veteran finance […]
11/01/2022

Morgan Stanley leads USD 22 Million round in Recykal

The business-to-business platform for waste management and recycling marketplace, Recykal, has raised USD 22 million from Morgan Stanley India. Returning investors Circulate Capital, Vellayan Subbiah, and Arun Venkatachalam of the Murugappa Family also participated in the round
11/01/2022

Beverage brand Lahori raises USD 15 Million in Series A round from Verlinvest

Punjab-based beverage startup Lahori, has raised USD 15 million funding from Belgium-based consumer-focused investor Verlinvest for an undisclosed minority stake. Lahori’s vision is to introduce better-tasting, category-defining ‘Desi’ drinks in India, targeting people in Indian cities and villages alike.
11/01/2022

Power Gummies raises USD 6 Million from 9Unicorns, Wipro, others

Power Gummies, a player in the nutraceutical industry, has raised USD 6 million in Series A funding led by 9Unicorns, with participation from Vcats, DSG Consumer Partners, WIPRO Consumers, Sharpp Ventures, and NB Ventures.
11/01/2022

Electric aircraft startup The ePlane Company raises USD 5 Million led by Speciale Invest & Micelio

Chennai-based electric aircraft startup The ePlane, has raised USD 5 million in Pre-Series A round of funding led by Speciale Invest and Micelio, as it aims for cheaper and environmentally friendly intra-city transportation. Angel investor Naval Ravikant, 3one4 Capital, University of Tokyo Edge Capital, Anicut Capital, Infoedge-backed Redstart Labs, Prashant […]
11/01/2022

SaaS platform Zluri raises USD10 million led by MassMutual Ventures, existing investors

Zluri, a SaaS management platform, has raised USD 10 million in a Series A funding round led by MassMutual Ventures with participation from existing investors, Endiya Partners and Kalaari Capital. Zluri’s SaaS management platform for IT teams helps firms identify, manage and automate SaaS applications.
10/01/2022

Healthtech startup AarogyaAI raises USD 700K in seed round from Redstart Labs, Avaana Capital

Healthtech startup AarogyaAI Innovations, has raised USD 700,000 as a part of its seed funding round from Info Edge (India)-backed Redstart Labs and Avaana Capital. Existing investors Entrepreneur First (EF) and First In Ventures also participated in the round.
10/01/2022

Avataar raises USD 45 Million in Series B from Tiger Global and Sequoia Capital India

Avataar.me, an AI and Computer Vision platform focused on spatial visual discovery, has raised USD 45 million Series B funding round led by Tiger Global with co-participation from existing investor Sequoia Capital India. The company helps consumers by providing life-sized 3D product evaluation coupled with interactive feature discovery.
10/01/2022

Retail platform 91Squarefeet raises pre-seed funding from Omphalos Ventures, others

91Squarefeet.com a retail store development company, has raised USD 1 Million in a pre-seed round by Omphalos Ventures India, Nikhil Vora of Sixth Sense Ventures, Actor Rannvijay Singh Singha & VG-Angels among others. 91Squarefeet enables retailers to build new retail stores and maintain existing ones without an in-house projects team
10/01/2022

Virtual event firm Zuddl raises USD 13 million in round led by Alpha Wave, Qualcomm Ventures

Zuddl, an online event and conferencing platform, has raised USD 13.35 million as a part of its Series A funding round led by DisruptAD-backed Alpha Wave Incubation and Qualcomm Ventures LLC. The round also saw participation from existing investors including GrowX and Waveform Ventures.
07/01/2022

B2B payments fintech Rupifi raises USD 25 million led by Bessemer, Tiger Global

Digital payments startup focused on business-to-business payments, Rupifi, has raised USD 25 million as a part of its first round of institutional funding led by Bessemer Venture Partners and Tiger Global. Existing Investors Quona Capital and Ankur Capital also participated in the round, along with Silicon Valley-based early-stage investor, Better […]
07/01/2022

WEGoT gets USD 1.5 million from Nikhil Kamath-backed Gruhas Proptech, others

WEGoT Utility Solutions, a maker of smart water meters, has raised USD 1.5 million in a funding round led by Gruhas Proptech, a company backed by Abhijeet Pai of Puzzolana Group and Nikhil Kamath of Zerodha. Existing investors of the Chennai-based startup, such as HDFC Capital Advisory Ltd. and Prestige […]
07/01/2022

Fintech NBFC LivFin raises USD 2 Million from venture debt player BlackSoil

Delhi-based LivFin India Private Limited, has raised USD 2 million in venture debt from BlackSoil, a leading NBFC and noteworthy player in the credit space. LivFin provides supply chain finance to mid-to-large corporates by setting up programmes to lend to their suppliers/vendors and distributors/dealers/retailers through an ‘Anchor’-based financing model.
07/01/2022

Dunzo secures USD 240 million in funding led by Reliance Retail

Hyperlocal delivery startup Dunzo, has raised USD 240 million in a funding round led by Reliance Retail Ventures Ltd., with participation from existing investors Lightbox, Lightrock, 3L Capital and Alteria Capital. Reliance Retail will own a 25.8% stake in Dunzo post investing USD 200 million on a fully-diluted basis.
07/01/2022

QNu Labs raises new round of funding

QNu Labs, a quantum-safe cybersecurity technology company, has raised an undisclosed amount of funding from deep tech venture capital firm Speciale Invest. WAOO Partners LLP and another venture capital fund along with a few marquee angel investors and promoters also participated in the fresh funding round.
07/01/2022

Courseplay gets INR 3 crore in seed funding from Inflection Point, others

Courseplay, a software-as-a-service platform that offers enterprise solutions for automated training workflows, has raised INR 3 crore in seed funding led by Inflection Point Ventures. Courseplay provides end-to-end solutions in training delivery, employee engagement, workflow automation and impact measurement.
07/01/2022

Green Packaging Startup Bambrew raises USD 2.35 million in pre-series A round

Bambrew, a sustainable packaging start-up, has raised pre-Series-A funding of USD 2.35 million from Blue Ashva Capital and Supack Industries. The startup through its proprietary technology offers alternatives to ecommerce mailer bags, food packaging in F&B industry, pouches and foldable cartons in FMCG industry and PVC in pharmaceutical industry.
07/01/2022

IndiaMART picks up 26% stake in e-commerce enabler EasyEcom with Series A funding

EasyEcom an omnichannel inventory management solution provider, has raised USD 2 million as part of its Series A funding round from business-to-business marketplace IndiaMART InterMESH Ltd.
06/01/2022

TPG invests USD 360 Million in AI and advanced analytics solutions provider Fractal

Artificial intelligence and advanced analytics solutions provider Fractal has raised USD 360 million from TPG Capital Asia. The transaction includes a combination of primary investment and secondary share purchase from Funds advised by Apax, who will remain a major shareholder following the transaction.
06/01/2022

Social Live streaming platform Bolo Live raises USD 2.4 million led by Orios Venture Partners

Homegrown social live-streaming platform Bolo Live, has raised USD 2.4 million as a precursor to Series A, led by Orios Venture Partners. SOSV, Tremis Capital, LPA Ventures, and other HNIs also participated in its first VC round including existing investors Eagle 10 Ventures. Bolo Live is an amalgamation of live […]
06/01/2022

Gaming start-up Zupee raises USD 102 million from Nepean Capital

Skill-based casual gaming company Zupee, has raised USD 102 million in its Series B funding round led by the Mumbai-based investment firm Nepean Capital, which invested USD 72 million. The fund-raise came at a USD 600 million valuation. The round saw participation from marquee investors such as WestCap Group, Tomales […]
06/01/2022

Sixth Sense Ventures leads funding in apparel brand Freecultr

Direct-to-consumer premium innerwear, loungewear and activewear brand Freecultr, has raised USD 5 million in a series A funding round, led by Sixth Sense Ventures, via Sixth Sense India Opportunities Fund.
06/01/2022

Living Food nets USD 7.5 million in a funding led by Amasia

Fresh foods-focused platform Living Food has secured USD 7.5 million in a Series A funding round led by Amasia. The round also saw participation from SOSV, Blume Founders Fund, Xander Group founder Sid Yog and Nexus Venture Partners co-founder Sandeep Singhal, among others.
05/01/2022

iD Fresh Foods raises INR 507 Crore in Series D round

Ready-to-cook packaged foods startup iD Fresh Food, has raised INR 507 crore in a Series D funding round. The funding was led by private equity firm NewQuest Capital Partner along with the existing investor, Premji Invest.
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