Archive News

18/10/2022

Investmint Bags Funding From Nexus For Its Signal Based DIY Trading App

Signal-based trading and investment startup Investmint have raised USD 2 Million in its seed funding round led by Nexus Venture Partners. The startup plans to use the fresh funding to expand its product, engineering, and quantitative research teams
18/10/2022

OhLocal has secured an pre-seed funding from a host of marquee angel investors and venture capital funds

Gurugram-based e-commerce marketplace OhLocal has secured an undisclosed amount of pre-seed funding from a host of marquee angel investors and venture capital funds. Some of the investors who participated in the round included Sunil Kumar Singhvi from JITO Angel Network, Harish Menon, Puneet Verma, Partner at Aquilo LLP and Sahil […]
18/10/2022

Workruit has secured pre-Series A funding of USD 500,000

StoryTech Pvt Ltd, which runs artificial intelligence-backed recruitment startup Workruit has secured pre-Series A funding of USD 500,000 from the US-based family office of Kantamaneni. The firm plans to use the fresh funds to scale its product, expand operations and boost customer acquisition.
18/10/2022

V-Mart Retail Acquire Tiger Global-Backed LimeRoad

Mumbai-listed value retail chain V-Mart Retail Ltd has signed a definitive agreement to acquire LimeRoad, a social commerce platform, in what is also likely another distressed transaction in the consumer facing category. Through the transaction both the parties will leverage each other’s strength to deliver emerging fashion trends to atleast […]
18/10/2022

Kilde Backs Fashion Trade Startup Reevoy In USD 6 Million Debt Round

Fashion trade platform Reevoy Limited has secured INR 48 Cr from Singapore-based private debt investment firm Kilde in a fresh capital raise. The Mumbai-based startup plans to use the fresh funds to boost its invoice financing arm as well as to expand operations and offerings across segments.
18/10/2022

SphitiCap, Venture Catalysts, Others Invest USD 5 Million In Eyewear Brand ClearDekho

Eyewear retailer ClearDekho has raised USD 5 Million in a Series A funding round co-led by early-stage fund SphitiCap and Venture Catalysts. The round also saw participation from Dholakia Ventures, NB Ventures, Estrela Ventures and Cornerstone, among others.
17/10/2022

Faad Network Launches Early-Stage Startup Accelerator

Angel network Faad Network has launched an accelerator program to mentor early-stage startups so that they receive further seed funding. The network will invest INR 25 Lakhs each in five startups during the first cohort, focused on fintech firms, with certain companies receiving further investment.
17/10/2022

Avataar’s New Fund To Back B2B, SaaS Startups

Avataar Venture Partners has launched a new venture capital fund with a target corpus of USD 350 Million The fund will invest in 12-15 growth-stage startups that operate on business-to-business (B2B) and software-as-a-service (SaaS) models.
17/10/2022

Beams Fintech Fund Joins Progcap As New Investor In USD 50 Million Round

Venture Catalysts’ floated Beams Fintech Fund invested in Progcap i.e. an SME-focused financing provider in its ongoing Series C round of USD 50 Million. The round also saw participation from existing investors including Google, Tiger Global, Creation Investments and Sequoia Capital, with participation from GrowX, CIBIL Chairman MV Nair and […]
17/10/2022

Alteria Capital Hits First Close Of Third Venture Debt Fund

Alteria Capital, the biggest venture debt fund in India, has announced the first close of its third fund at INR 1,000 Cr.The fund will back early and growth-stage startups, which have raised funding to provide a range of specialty debt solutions and offer cheque sizes of up to INR 150 […]
14/10/2022

WeWork India Invests In Bengaluru-Based Zoapi To Enhance Hybrid Work Experience

Coworking space provider WeWork India announced its first investment in Bengaluru-based conferencing and collaboration platform Zoapi. Through this, WeWork India continues to reinforce its commitment to offering innovative and immersive solutions across different spheres by scaling up platforms like Zoapi
14/10/2022

Vedantu Acquires Test Prep Platform Deeksha For USD 40 Million To Strengthen Offline Presence

Edtech unicorn Vedantu has acquired a majority stake in Karnataka-based test preparation platform Deeksha (Ace Creative Learning) for USD 40 Million to further strengthen its offline presence. Through this partnership, Vedantu is looking to leverage its technology and integrate it into offline centres to create a scalable hybrid model, especially […]
14/10/2022

Terra Food Co has raised USD 1 Million by Faad network

Cloud kitchen start-up Terra Food Co has raised USD 1 Million led by Faad network with participation from LV, IPJ (Japanese Angel Network), Chennai Angels, Agility Ventures and angel investors. TFC will be using the fresh funds to deploy in business expansions, increasing portfolios of brands, building innovative food technology, […]
14/10/2022

Catalysts Group invested in the health-focused D2C brand WickedGud.

Incubator and early-stage investment platform Venture Catalysts Group invested an undisclosed sum in the health-focused direct-to-consumer (D2C) brand WickedGud. The round also saw participation from investors such as Bunty Sajdeh (Cornerstone Sport Entertainment Pvt. Ltd); Sahil Gilani (Gits Foods); Binoy Khimji (UBR Capital), and others.
14/10/2022

Supernova has raised USD 1.1 Million led by gaming-focused venture fund Lumikai

Gaming-focused edtech startup Supernova has raised USD 1.1 Million led by gaming-focused venture fund Lumikai. The round also saw participation from Kae Capital, All In Capital, Goodwater Capital and strategic angel investors like Nandan Reddy and Phani Kishan; Founders of Swiggy, Nitin Gupta: Founder of PayU and Uni, Prashan Aggarwal: […]
14/10/2022

Delta Corp-Backed Three Wheels United Enters Two-Wheeler EV Financing

Electric vehicle financing startup, Three Wheels United has marked its foray into the EV two-wheeler financing space with an aim to fund 2,000 electric two-wheelers over the next six months across Karnataka and Delhi-NCR. The new move comes five months after Three Wheels United raised USD 10 Million as a […]
13/10/2022

Tiger Global, Blume, Others Invest In Vecmocon

Deeptech electric vehicle (EV) startup Vecmocon Technologies has secured USD 5.2 Million in a pre-Series A funding round from Tiger Global and Blume Ventures, with participation from a host of strategic angel investors.
13/10/2022

Eagle Investments Writes USD 10 Million Cheque To Co-Living And Food Court Firm Isthara

Hyderabad-based co-living and food court startup Isthara has secured USD 10 Million in a fresh capital raise from Dubai-based private investment company Eagle Investments. The company plans to use the fresh funds to foray into the business-to-consumer retail food court space and expand its footprint in the co-living sector.
13/10/2022

Fitness SaaS Platform FitBudd Bags USD 3.4 Million Funding

Fitness industry focussed software as a service (SaaS) platform FitBudd has raised USD 3.4 Million in a seed funding round from Accel India, Beenext, Sequoia Capital India and Waveform Ventures. The Company will use the funds to drive product development and accelerate client growth.
13/10/2022

Crypto Platform Pillow Raises USD 18 Million In Series A Round

Cryptocurrency investment platform Pillow secured funding amounting to USD 18 Million in a Series A funding round co-led by Accel, Quona Capital, Jump Capital, and existing investor Elevation Capital.
13/10/2022

PhysicsWallah Makes Two Acquisitions

Edtech unicorn PhysicsWallah, backed by Westbridge and GSV Ventures among marquee investors has acquired test preparation platform PrepOnline and exam preparation books publisher Altis Vortex for an undisclosed amount in a cash-and-stock deal. This marks the Noida-based company’s second acquisition after turning unicorn in June. In August, it acquired Jaipur-based […]
12/10/2022

Diagnostics Platform 5C Network Raises Series A Funding

Medical diagnostics platform 5C Network raised USD 4.6 Million in a Series A funding round, led by venture capital firm Celesta Capital, with participation from existing investors including Unitus Ventures, Axilor Ventures. Angel investors including Ajay Gupta, Rohit Razdan and Shiv Tallam also participated in the financing round
12/10/2022

IIFL Group Becomes Majority Stakeholder In Trendlyne With USD 1.8 Million Investment

India Infoline Finance Ltd (IIFL) Group’s early-stage investing vehicle IIFL Fintech Fund led the Series A investment round in analytics firm Trendlyne, with a funding of USD 1.8 Million. With its second-time investment in the analytics platform, IIFL Securities Ltd, one of the founders now holds a majority stake in […]
12/10/2022

MS Dhoni Picks Up Stake In Plant Protein Startup

Liberate Foods Pvt. Ltd, which runs plant protein startup Shaka Harry announced that former former cricketer Mahendra Singh Dhoni has invested an undisclosed amount in the company.
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