Archive News

06/03/2023

PremjiInvest has led a USD 26 Million Series A funding round in contract lifecycle management firm SpotDraft.

PremjiInvest, the private investment vehicle of Wipro founder-chairman Azim Premji, has led a USD 26 million Series A funding round in Bengaluru and New York-based contract lifecycle management firm SpotDraft. The fundraise also saw participation from Prosus Ventures, 021 Capital, Arkam Ventures, Riverwalk Holdings, 100x Entrepreneur Fund and a clutch […]
06/03/2023

Apparel brand Off Duty has secured USD 489,804 from revenue-based financier Velocity

Apparel brand Off Duty has secured USD 489,804 from revenue-based financier Velocity. The Mumbai-based company will deploy the fresh proceeds for expanding its inventory and marketing. Founded in 2019 by Madina S Khan and Shahbaaz Khan, Off Duty is a D2C apparel brand whose core products are denims, pants and […]
06/03/2023

Early-Stage Startup Pidge Has Raised USD 3 Million in Pre-Series A Funding Round from Mountain Partners

Delhi NCR-based logistics platform Pidge has raised pre-Series A funding of USD 3 Million led by Europe-based venture capital firm Mountain Partners, with participation from existing investor Indian Angel Network. The fresh funds will be used to expand the company’s logistics SaaS solution.
03/03/2023

Greenko raises USD 700 Million to fund pumped storage projects

Homegrown Greenko Group has raised USD 700 Million funding from Singapore’s sovereign wealth fund GIC, Orix Corporation of Japan, Abu Dhabi Investment Authority (ADIA) and its own founders. The equity funding will be utilised towards the capital expenditure of pumped storage projects.
03/03/2023

Mitra has raised an undisclosed amount in seed funding round from Bestvantage Investments

Mitra, a direct-to-consumer (D2C) brand operating in the fast-moving consumer goods (FMCG) market, has raised an undisclosed amount in its seed funding round from Bestvantage Investments. Mitra plans to use the funds to set up a dedicated manufacturing unit to improve its offerings.
03/03/2023

Voiceoc raised INR 3 Crore from BioAngels

Voiceoc, an artificial intelligence-based solution provider for hospitals, raised INR 3 Crore in a funding round led by BioAngels, with participation from SucSeed Indovation. The firm plans to use the proceeds to expand its team, particularly in the tech, sales and marketing verticals.
03/03/2023

Mobile gaming platform Simple Viral Games bagged USD 500,000 in a pre-seed funding round

Mobile gaming platform Simple Viral Games bagged USD 500,000 in a pre-seed funding round led by Weh Ventures. The round also saw participation from Eximius Ventures, PointOne Capital and Force Ventures, with a clutch of angel investors. Simple Viral Games aims to empower developers and studios to publish their games […]
03/03/2023

Tech-based storage solution provider Store My Goods has raised USD 1 Million

Tech-based storage solution provider Store My Goods has raised USD 1 Million in a seed funding round from JITO Angel network and Good Water Capital. The round also saw participation from Cars24’s co-founders Gajendra Jangid and Ruchit Agarwal, and Pepperfry co-founders Ashish Shah and Ambareesh Murthy, among others. The fresh […]
02/03/2023

EV Cab Startup Evera Bags USD 7 Million To Expand Footprint, Scale Tech Stack

Delhi-based electric vehicle (EV) cab service provider Evera has raised USD 7 Million in multiple tranches as part of its Pre-Series A funding round, which was led by Germany-based IEG Investment Banking Group, Thailand-based Direct Capital, and SIngapore’s Westova Global. The capital will be utilised for the advancement of tech […]
02/03/2023

IPV-Backed Hudle Acquires Sportstech Startup Sportido

Sportstech startup Hudle has acquired a controlling stake in Delhi-based startup Sportido for an undisclosed amount. The acquisition will help Hudle consolidate and strengthen its position in the North India market for amateur sports. The deal will further give Hudle access to newer markets where Sportido operates
02/03/2023

SigTuple Tops Up Series C Round With Another USD 4.3 Million

Bengaluru-based healthtech startup SigTuple Technologies Pvt. Ltd has topped up its Series C round with another USD 4.3 Million. The round also saw participation from Accel, Chiratae Ventures, Pi Ventures, Flipkart’s co-founder Binny Bansal and Trifecta Capital. SigTuple plans to expand its geographical and product portfolio, with supporting its regulatory […]
02/03/2023

Matrimony App Betterhalf Gets USD 8.5 Million Fund Infusion

Artificial intelligence-backed matrimony app Betterhalf has secured USD 8.5 Million in a Series A funding exercise. The round saw participation from FinSight Ventures, Rebel Fund and Nurture Ventures, with angel investors Mike Krieger (co-founder of Instagram), Arash Ferdowsi (co-founder of Dropbox), Derek Callow (former Bumble CMO) and Brendan O’Driscoll (former […]
02/03/2023

Byju’s Backer B Capital Group Hits Final Close Of Maiden Healthcare Fund

US-based venture capital firm B Capital Group has marked the final close of its first healthcare fund. The fund, closed at USD 500 Million, will invest in healthcare sector, ranging from biotech to digital health. The fund primarily supports startups in the US, Asia and Europe.
01/03/2023

ValPro in the News: Business Today coverage on the movement in Adani Gas share price

The stock of ATGL after hitting consecutive lower circuits for many sessions, saw a reversal for the first time in trading on March 1, 2023. This trend when seen in the context of volumes transacted seems to indicate that much of the selling pressure on the stock which was precipitated […]
01/03/2023

Nexus Venture Closes New Fund At USD 700 Million, SaaS, AI Startups On The Cards

Venture capital firm Nexus Venture Partners has announced the closure of its Nexus Ventures VII fund at USD 700 Million. The VC firm will use the new fund to back AI, SaaS, fintech, and commerce startups in India and the US.
01/03/2023

Jarsh Safety has raised USD 363,207 in a pre-seed funding

Internet of things (IoT)-based industrial safety startup Jarsh Safety has raised USD 363,207 in a pre-seed funding round led by Mumbai Angels. The round also saw participation from a clutch of undisclosed angel investors. The Hyderabad-based startup will use the fresh funds for its sales and marketing outreach and product […]
01/03/2023

Elevate Now has raised an undisclosed sum as part of its pre-seed funding round

Enlight Now Healthcare Pvt Ltd, which operates medical weight loss platform Elevate Now, has raised an undisclosed sum as part of its pre-seed funding round from healthcare-focused venture capital firm W Health Ventures. The New Delhi-based company will use the fresh capital for expansion across India and to set up […]
01/03/2023

EaseMyAI has raised funding of USD 218,067 in a seed funding round

Process automation-based artificial intelligence startup EaseMyAI has secured USD 218,067 in a seed funding round from Inflection Point Ventures. The Mumbai-based company will deploy the fresh proceeds to expand its services across geographies.
28/02/2023

SBI-Backed Cashfree Acquires Zecpe For USD 10 Million To Enhance D2C Checkout Capabilities

Marking its second acquisition, payments solutions firm Cashfree has acquired one-click checkout company Zecpe for an undisclosed amount. As part of the deal, the founder of Zecpe, Hriday Agarwal, will join the Cashfree Payments team as the head of ecommerce checkout
28/02/2023

Perfora, Barton Breeze, O’2 Nails Raise Early-Stage Cheques

Direct-to-consumer oral care startup Perfora has secured USD 2.5 Million in a Series A funding round led by RPSG Capital Ventures and also saw participation from existing investors such as Sauce.vc, Lotus Herbals family office, Sara International family office and Huddle, among others.
27/02/2023

Grayscale Ventures Made The First Closure Of USD 20 Million Fund

Singapore-based Grayscale Ventures has made the first closure at USD 10 Million of its USD 20 Million micro-fund. The fund targets AI, vertical SaaS and DevInfra-based (development infrastructure) startups. The micro-fund will invest between USD 200 K and USD 1 Million in 15-20 pre-seed startups in a period of four […]
27/02/2023

IIT Madras To Set Up INR 100 Cr ‘Innovation and Entrepreneurship Fund’ For Startups

The Indian Institute of Technology Madras (IIT-M) will create an INR 100 Cr Innovation and Entrepreneurship fund to support students and faculty’s efforts to set up startups. IIT-M is looking to elevate the rank of at least five Centers of Excellence (CoE) to the top three in the globe, in […]
24/02/2023

Turtlemint’s Turtlefin Acquires Insurtech SaaS Startup Last Decimal

Turtlemint’s B2B vertical Turtlefin has acquired insurtech SaaS startup Last Decimal for an undisclosed amount. The acquisition will help Turtlefin expand its bancassurance business with the addition of Last Decimal’s existing customers.
23/02/2023

D2C platform Blingg has secured pre-seed funding of USD 100,000

Direct-to-consumer (D2C) platform Blingg has secured pre-seed funding of USD 100,000 led by Decentralized VC, with participation from Pavan Kumar (3PM Ventures) and others. The company will deploy the fresh proceeds for product development.
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