Archive News

21/04/2021

Govt launches USD 125 Million seed fund focused on startups

The government has launched INR 945 crore Startup India Seed Fund Scheme. Grants of INR 5 crore shall be provided to Selected incubators. These incubators will be offered grants of up to INR 20 lakh for validation of proof of concept, prototype development, or product trials
21/04/2021

Alpha Wave Incubation, GSV Ventures lead funding round in Indonesian startup CoLearn

Indonesian edtech startup CoLearn has secured USD 10 million of Series A funding co-led by Alpha Wave Incubation (AWI) and US based edtech investor GSV Ventures. The round also saw participation from existing investors Sequoia Capital India’s Surge and AC Ventures
21/04/2021

MyDentalPlan raises seed round from Safe Planet Medicare

Bengaluru-based IT-enabled MyDentalPlan Healthcare that aggregates dental service providers and dentists has secured seed funding of USD 700,000 from a new Rajasthan-based investor, Safe Planet Medicare LLP.
21/04/2021

Sirona Hygiene raises USD 3 Million in Series A funding

Women-focused hygiene product-maker Sirona Hygiene has received USD 3 million for its Series A funding from Dubai-based NB Ventures Ltd and Indian Angel Network (IAN).
21/04/2021

9Unicorn leads seed round in functional beverages brand Malaki

9Unicorns has announced an undisclosed amount of seed funding in Malaki, a brand in the beverage space. The round also witnessed participation from individual investors Dharmesh Dalal and Rahul Parekh
21/04/2021

Truly Madly raises Pre Series A round

Homegrown dating app TrulyMadlY has raised INR 16 Crore by Venture Catalysts, 9unicorns, and other prominent angels like Jana K Balan, Neil Bahal, Ruchi Sihare, Vijay Shekhar Sharma, Abhay Singhal, Piyush Shah, Akshat Rathee, and Dr. Arjun Vaidya. Existing investors Inflection Point Ventures, The Chennai Angels and AngelList also participated
21/04/2021

Zoom launches USD 100 Million fund to invest in apps using its technology

The video conferencing company Zoom Video Communications Inc has created a USD 100 million fund to invest in startup software companies that build apps using its technology. The fund will make investments of between USD 250,000 and USD 2.5 million into companies building “Zoom Apps” that plug into the company’s […]
20/04/2021

SaaS unicorn Druva hits USD 2 Billion valuation with CDPQ led growth round

California-headquartered cloud security provider Druva has raised USD 147 million in a Series H round led by global investment group Caisse de depot et placement du Quebec (CDPQ). Returning investor Neuberger Berman also joined the round which values the company over USD 2 billion.
20/04/2021

Evo Food secures funding to gear up to launch in Indian market

Evo Foods has raised USD 845 K in a pre-seed round for its plant-based egg company from investors like Shaun Neff. The round also saw participation from Sustainable Food Ventures, Michiel Van Deursen, Vaibhav Domkundwar, Anil Advani and Kale United, even Hound Ventures, Hearthstone Investments & members of GlassWall Syndicate
20/04/2021

Cloud Kitchen JFW Hospitality raises a pre seed round

Mumbai Angels Network, along with California-based Expert DOJO and three other angel investors has invested close to USD 150,000 in ZFW Hospitality, a cloud kitchen platforM. ZFW will be utilizing the funds to expand its presence in the western region, hire top talent, and increase its network of cloud-based restaurants.
20/04/2021

Venture Catalysts leads round in optimized Electrotech

Mumbai-based incubator Venture Catalysts has led a USD 1.8 million round in defence-tech startup Optimized Electrotech. The round also saw participation from existing investors like GVFL and other angel investors.
20/04/2021

Venture capital firm BlinC Invest marks first close of new fund

Venture capital firm BLinC Invest has marked the first close of a new fund that seeks to raise a total of INR 100 crore.Blinc II will invest in ed-tech and fintech companies that have stable management teams and the potential to scale operations across India and globally
19/04/2021

Razorpay Raises USD 160 Million Funding by GIC

Indian Fintech company Razorpay raises USD 160 Million Series E round led by Singapore wealth fund GIC and also saw participation from existing investors like Ribbit Capital and others
19/04/2021

9Unicorns hits third close of first accelerator fund at USD 40 Million

9Unicorns, the venture fund set up by incubator and accelerator Venture Catalysts for early-stage companies has reached the third close of its first accelerator vehicle at USD 40 million.Third close witnessed huge participation from some global and Indian industrialists. Key limited partners (LPs) include snack maker Haldiram’s, Indian Bank, and […]
19/04/2021

IP Ventures leads AnKa SumMor funding

Tech-enabled sales and distribution service platform AnKa SumMor has raised INR 3 crore in its pre-Series A round led by Inflection Point Ventures
19/04/2021

Havmor ex-promoter leads Lo! Foods round

Low-carb firm Lo! Foods has raised USD 1 million in its pre-Series A round led by Chona Family Office, erstwhile promoter of Havmor Ice Cream. The round also saw Ecosystem Ventures, angel investors Raveen Sastry (cofounder of Multiply Ventures), KRS Jamwal, Pratyush Prasanna, and others
19/04/2021

Warburg Pincus-backed boAt now secures funding from Qualcomm Ventures

Consumer electronics brand boAt has received an undisclosed amount in funding from Qualcomm Ventures. boAt will utilise the capital to roll out next-generation audio and lifestyle products across geographies
16/04/2021

Amazon leads USD 10 million financing in M1xchange

Amazon has led a USD 10 million financing round in M1xchange, an online invoice discounting startup catering to micro, small and medium enterprises. Existing investors Beenext and Mayfield also participated in the funding round.
16/04/2021

iSeed launches second fund with USD 15 million

iSeed, the micro venture fund, has announced his second fund of USD 15 million. The fund will look to support more than 50 talented Indian teams and help them access Silicon Valley. The USD 15 million has been raised from global funds such as RTP Global, KAMCO Jedi Fund, CM […]
16/04/2021

Venture Catalysts leads USD 500K pre-Series A round in snacking brand TagZ Foods

Venture Catalysts, an integrated incubator and early-stage investor, has announced a pre-Series A investment of USD 500,000 in TagZ Foods, a Bengaluru-based snacking brand focused on the urban GenZ.
16/04/2021

Amazon floats USD 250 mn venture fund focused on India

Amazon has announced a USD 250 million Amazon Smbhav Venture Fund for India with the aim to focus on enabling SME digitisation, agriculture technology and medical technology.
16/04/2021

Sales engagement platform Upscale raises USD 250K led by Powerhouse Ventures, Java Capital, GSF Accelerator

B2B sales engagement startup Upscale, has raised USD 250,000 in its pre-seed round led by Powerhouse Ventures, Java Capital, and GSF Accelerator.
16/04/2021

Spintly raises INR 4.6 crore extended seed funding led by Riso Capital

Spintly, a software-as-a-service startup focused on physical security and smart buildings, has raised INR 4.6 crore in an extended seed round led by Silicon Valley-based Riso Capital. SucSEED Indovation Fund, Chicago-based Nikhand Investments LLC, and Keiretsu Forum also participated in this round.
16/04/2021

SuperK raises INR 6 crore in seed funding led by Strive VC

Tech-enabled grocery retail aggregator for small towns SuperK, has raised INR 6 crore, as a part of its seed funding round led by Strive VC. The round also saw participation from Firstcheque VC and others.
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