Archive News

08/02/2023

Emotional AI Startup Entropik Laps Up USD 25 Million From Bessemer Venture Partners

Emotional artificial intelligence (AI) startup Entropik has secured USD 25 Million in a Series B funding round led by Bessemer Venture Partners and SIG Venture Capital. Trifecta Capital, Alteria Capital, and long-time existing investor Bharat Innovation Fund also participated in the round.
08/02/2023

Creator Tech Firm Animeta Taps Media Execs

Rajesh Kamat, managing director of KKR-backed Emerald Media, and Den Networks founder and serial media entrepreneur Sameer Manchanda, have invested in Animeta, a creator tech platform founded by Anish Mehta, the former CEO of animation studio Cosmos-Maya. Animeta is an AI-based self-service creator tech platform that seeks to create and […]
08/02/2023

Third Point, Iron Pillar, Others Invest USD 50 Million In Ushur

Artificial intelligence-backed automation firm Ushur has raised USD 50 Million in its Series C funding round co-led by Third Point Ventures and Iron Pillar. The round also saw participation from 8VC, Aflac Ventures and Pentland Ventures. The fresh funds will be deployed for expanding the company’s experience automation portfolio, developing […]
08/02/2023

B2B Construction Marketplace Magma Secures Funding From General Catalyst, Others

B2B manufacturing platform Magma has raised USD 3.3 Million in a seed funding round led by General Catalyst along with participation from Accion Venture Lab and Titan Capital. Existing investors WEH Ventures, All in Capital, and angel investors including Aayush Phumbhra from Chegg, Varun Alagh from Mamaearth and Srini from […]
08/02/2023

Social Learning Platform Bluelearn Bags Funding From Elevation Capital, Lightspeed, Others

Social learning platform Bluelearn has raised USD 3.5 Milion in a seed funding round led by Elevation Capital and Lightspeed. The funding round also saw participation from Titan Capital, 2am VC, and angel investors such as Meesho founders Vidit Aatrey and Sanjeev Barnwal, and Pixxel founder Awais Ahmed
07/02/2023

Spacetech Startup SatSure Receives Strategic Investment From ICICI Bank, Others

Spacetech startup SatSure has raised an undisclosed amount of strategic investment from ICICI Bank, Kotak Mahindra Bank, and HDFC Ltd. The investment is a part of its INR 120 Cr Series A funding round
07/02/2023

Agritech Startup BharatAgri Raises Funding To Scale Ecommerce Offerings

Agritech startup BharatAgri has raised INR 14 Cr in its extended Series A round led by Capria Ventures. The funding round also saw participation from Omnivore, India Quotient, 021 Capital, Ratnagiri Impex, and Sanjiv Rangrass, former CEO of ITC’s agri business. BharatAgri plans to use the proceeds of the funding […]
07/02/2023

Mensa Brands Secures INR 300 Cr Debt Funding From TradeCred

Thrasio-style ecommerce rollup unicorn Mensa Brands has secured INR 300 Cr debt funding from wealthtech platform TradeCred. Mensa plans to utilise the fresh capital for acquiring new brands and accelerate brand growth. This will include product development, supply chain integration, and working capital investment.
07/02/2023

Fintech Startup Siply Acquires myPaisaa For USD 7.5 Million

Bengaluru-based micro-savings fintech startup Siply has acquired new-age chit platform myPaisaa for USD 7.5 Million. Post the acquisition, Siply will use the combined strengths of both the startups to offer customers innovative, fully digital, sachet financial services.
07/02/2023

EV Maker Simple Energy Raises USD 20 Million In Bridge Round

Electric vehicle maker Simple Energy has secured over USD 20 Million in an ongoing bridge funding round. The fundraise saw the participation from Thyrocare Technologies Ltd’s founder Arokiaswamy Velumani, Gokaldas Group’s Ashwin Hinduja, Nash Industries owners Sanjay and Sandeep Wadhawa and Purple Moon Ventures, among others. Existing investors Manish Bharti […]
07/02/2023

Skilling Firm Cusmat Gets Infusion From Arkam, Unitus, Others

Virtual reality-based skilling platform Cusmat has secured Series A funding of USD 3.5 Million led by Arkam Ventures. The round also saw participation from Unitus, Better Capital, Venture Catalysts, MapMyIndia, 9 Unicorns, We Founder Circle, Mumbai Angels Network, Dholakia Ventures, Ice VC and Legacy asset LLP. The Bengaluru-based startup plans […]
07/02/2023

Cervin, Athera Co-Lead USD 7 Million Funding Round In FireCompass

Cybersecurity startup FireCompass, said it has raised USD 7 Million in a funding round co-led by Cervin and Athera Venture Partners (formerly Inventus Capital). The round also saw participation from existing investor BIF (Bharat Innovation Fund). The startup plans to use the fresh funds for scaling of operations within India […]
07/02/2023

Lighthouse Canton Backs Digital Lender LoanTap

Pune-based digital lender LoanTap has secured debt funding of USD 2.9 Million from global investment firm Lighthouse Canton. The startup plans to use the fresh funds for scaling and expanding its lending vertical.
06/02/2023

SaaS product Inkle raises USD 1.5 Million pre-seed funding

Inkle, human chat-based US CPA SaaS product, has secured a USD 1.5 Million pre-seed funding round led by Picus Capital, Saison Capital, and Force Ventures. Inkle claims that it was bootstrapped and in stealth until now, has grown revenues 7x in the last year to hundreds of thousands of dollars.
06/02/2023

Bike Bazaar Bags USD 10 Million Funding To Penetrate Into Rural India In Second Tranche

Online two-wheeler financing and marketplace startup Bike Bazaar has raised an additional USD 10 Million in funding from DEG, the investment arm of German state-owned development bank KfW. The startup will use the funding to shore up its EV vertical and scale its marketplace business
06/02/2023

Bike Bazaar Hits Final Close Of Series D At USD 30 Million

WheelsEMI Pvt Ltd, which runs two-wheeler marketplace Bike Bazaar, has marked the final close of its Series D funding round at USD 30 Million. They have raised USD 20.6 Million from Women’s World Banking Asset Management and Lending Partners. The fresh funds will be deployed for geographical expansion as well […]
06/02/2023

Jungle Ventures-Backed BetterPlace Strikes Maiden Overseas Deal

Blue-collar workforce management firm BetterPlace Safety Solutions Pvt. Ltd has bought Indonesia-based company MyRobin, marking its foray into the South East Asia market. However, the startup did not disclose the size of the deal. MyRobin’s acquisition will help BetterPlace to tap the workforce management market in South-East Asia, which it […]
03/02/2023

Classplus Backs Test Prep App Abhinay Maths

Test preparation app Abhinay Maths has raised undisclosed capital from the ed-tech platform Classplus. Founded by Sharma in 2017, Amcp Edutech Pvt Ltd which operates Abhinay Maths focuses on competitive exams such as Staff Selection Commission Combined Graduate Level (SSC-CGL), Bank (Probationary Officer), Railways, and other government exams. Noida-based Abhinay […]
02/02/2023

The Esports Club Secures Funding To Build Sustainable Ecosystem

Bengaluru-based tournament organiser The Esports Club (TEC) has raised USD 3 Million in a Pre-Series A funding round. With the fresh capital, the startup wants to expand its operations to Middle East and Southeast Asia and “build a state-of-the-art esports platform”
02/02/2023

Sequoia, Alteria, Others Invest USD 12 Million In Freightify

Software-as-a-service (SaaS) startup Freightify has secured USD 12 Million in a Series A capital raise led by Sequoia Capital India. The round also saw participation from TMV and Alteria Capital, with existing investors Nordic Eye Venture Capital and Motion Ventures. The fresh funds will be deployed for product development, geographical […]
02/02/2023

Courtside Ventures Announces Third Fund

Early-stage venture capital firm Courtside Ventures has announced its third fund to raise USD 100 Million across the gaming, sports, and lifestyle sectors. With the current fund, Courtside Ventures’ total committed capital amounts to over USD 200 Million in assets under management.
02/02/2023

Mumbai Angels Leads Seed Round In A Toddler Thing

Baby focussed brand A Toddler Thing has raised seed funding of USD 268 K led by early-stage investment firm Mumbai Angels, with Lead Angels and Chennai Angels. The Coimbatore-based firm plans to deploy the fresh proceeds for product development, marketing and geographical expansion.
01/02/2023

Deal announcement: Purple Style Labs, an omnichannel luxury fashion retail platform raises funds via Enablers

Purple Style Lab, the company that runs Pernia’s Pop-Up Shop, the largest multi-retail luxury fashion platform in India, has raised an undisclosed amount from HNIs and Family Offices. ValPro’s startup advisory vertical, Enablers, was the advisor on this transaction.
01/02/2023

ReadyAssist acquires SpeedForce for USD 10 Million

Roadside assistance startup ReadyAssist has acquired multi-brand two-wheeler workshop chain SpeedForce for USD 10 million in a cash-plus stock deal. Vadodara-based SpeedForce is a chain of two-wheeler multi-brand workshops which claims to have set up more than 300 workshops in the last three years. After the acquisition, the firm plans […]
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