Archive News

08/11/2022

Beenext, Jafco Asia, Others Back Gaming Marketplace Driffle

Driffle, a digital gaming marketplace, raised USD 3.4 Million in a seed round led by Beenext. Driffle aims to make online gaming accessible, affordable and safer for gamers globally. The team will invest the funds in hiring, and strengthening its tech infrastructure, and product development.
07/11/2022

Blockchain Startup Dhiway Secures Fund From Cornerstone Venture, Others

Bengaluru-based blockchain startup Dhiway has raised pre-seed funding of USD 1 Million from Cornerstone Venture Partners fund, Sunicon Ventures, and other existing shareholders. Dhiway builds data interchange systems and enables companies to deploy governance frameworks to sustain these as sustainable digital assets. The firm will use the fresh funds for […]
07/11/2022

Femcare Startup Sanfe Raise Early-Stage Funds

Sanfe, a women’s hygiene, and intimate skincare brand raised USD 1.5 Million in Series A2 funding from existing investors Lets Venture, the S Chand family office, and Seeders. The startup plans to deploy the fresh proceeds to foray into the offline femcare space.
04/11/2022

BattRE has raised an undisclosed seed capital from a group of investors led by Agility Ventures

Electric two-wheeler platform BattRE has raised an undisclosed seed capital from a group of investors led by Agility Ventures, with former Tata Motors’ executive Gajendra Chandel. The Jaipur-based startup will use the fresh money to fuel its growth.
04/11/2022

Hitwicket ohas secured fresh funding of USD 3 Million from Prime Venture Partners.

Hyderabad-based cricket gaming startup Hitwicket ohas secured fresh funding of USD 3 Million from venture capital firm Prime Venture Partners. The firm plans to use the fresh funds to further scale up its features on multiplayer access to help gamers strategize in real-time and play against each other.
04/11/2022

NGP Capital, Alpha Wave, Others Invest In AI Firm Dataloop

Dataloop, a platform for artificial intelligence data management has raised Series B funding of USD 33 Million co-led by NGP Capital and Alpha Wave Ventures. The round also saw participation from existing investors including Amiti Ventures, F2 Venture Capital and OurCrowd
04/11/2022

Self Reliant India Fund Commits Over 50% Corpus Within A Year

Self Reliant India (SRI) Fund INR 10,000 crore Fund of funds (FoF) launched by Government of India has committed over 50% of its Rs 10,000 crore corpus in a year since its launch. The SRI Fund, which began operations in October 2021, so far committed more than INR 5,000 Cr […]
03/11/2022

8i Ventures Marks The First Closure Of USD 50 Millionn Fund

Venture capital firm 8i Ventures has raised USD 25 Million, marking the first closure of its USD 50 Million second fund. It will invest between USD 1-2 Million in 15-20 seed-stage and growth-stage startups working in the fintech and commerce industry in the coming three and a half years
03/11/2022

CredR raises debt from Yamaha

CredR, an omnichannel marketplace for used two-wheelers, has raised INR 16.17 Cr via convertible debt from existing backer Yamaha Motor. This is the first debt round of the Mumbai-based company in 2022. Leveraging the franchise model, it plans to open 50 showrooms by FY23.
03/11/2022

Elevation, Lowercarbon Invest In Energy Platform SolarSquare

Mumbai-based energy platform SolarSquare Energy has secured INR 100 Cr as a part of its Series A funding, co-led by Elevation Capital and Chris Sacca’s Lowercarbon Capital. The startup plans to use the fresh funds to expand its footprint across India in the next 18-24 months.
03/11/2022

The Sleep Company Raises Fresh Funds In Series B Round

The Sleep Company, an online retailer of mattresses, has received Series B funding of INR 177 Cr from Premji Invest and Fireside Ventures. The Sleep Company sells a range of products, including mattresses, pillows, cushions, as well as beds, and chairs.
03/11/2022

Affle Global Leads Series C Round In Ratan Tata-Backed CashKaro

Cashback and coupons platform CashKaro, operated by Pouring Pounds India Pvt. Ltd raised USD 15.7 million in a Series C funding round led by Affle Global Pte. Ltd. The startup plans to utilize this capital to scale up user acquisition, marketing, expansion into new business verticals, product development, and hiring […]
02/11/2022

Accel, Quona Capital Lead Funding Round In Shivalik Small Finance

Noida-based Shivalik Small Finance Bank has raised INR 111 Cr in a round led by Accel and Quona Capital with participation from Bharti Axa Life Insurance. The fresh funds will be used to enhance the tech stack, strengthen its team and deepen partnerships
02/11/2022

JSW Ventures Makes Debut Electric Mobility Investment

JSW Ventures has marked its first bet in the electric mobility space by investing USD 2.5 Million in MoEVing. The fresh money will be deployed by the Gurugram-based startup to further scale up its electric mobility unit for driver-partners, expansion, and building a tech-focused team across all functions.
02/11/2022

Kalaari, Others Back Upskilling Platform AlmaBetter

Upskilling startup AlmaBetter Edutech has secured seed funding of USD 2.7 Million from venture capital firm Kalaari Capital and a clutch of angel investors and founders including Vidit Aatrey (Meesho), Rajesh Yabaji (Blackbuck) and Varun Alagh (Mamaearth), among others.
01/11/2022

Lotus Herbals Acquires 20% Stake In D2C Startup Yogic Secrets

Lotus Herbals has acquired 20% stakes in nutraceutical startup Yogic Secrets. Following the acquisition deal, the startup has raised an undisclosed amount of strategic funding from the family office of Lotus Herbals.
01/11/2022

Microsoft Backs Indian HRTech Unicorn Darwinbox

HR-tech unicorn startup Darwinbox has added an American multinational technology corporation company to its captable. Sequoia Capital-backed Darwinbox has secured USD 4 Million from Microsoft Corporation. Darwinbox entered the unicorn club earlier this year after raising USD 72 Million at USD 1 Billion valuation
01/11/2022

YCombinator-Backed Decentro Raises Funding From Rapyd Ventures, Others

Fintech startup Decentro has raised USD 4.7 Million in its Series A funding round led by Rapyd Ventures along with Leonis VC and Uncorrelated Ventures. Further, angel investors Kunal Shah from CRED, Lalit Keshre from Groww, Beerud Sheth from Gupshup and Pratekk Agarwaal from BharatPe also participated in the funding […]
01/11/2022

Colours Maker Roha Dyechem Acquires VC-Backed Saraf Foods

Roha Dyechem, a manufacturer of synthetic and natural colors has acquired Saraf Foods Ltd, a freeze-dried agricultural product company, for an undisclosed amount. The transaction provided an exit to promoter Suresh Saraf and his family, and the company’s existing financial investors
01/11/2022

Mocero has raised seed funding of INR 1.3 Cr led by Inflection Point Ventures.

Healthtech startup Mocero has raised seed funding of INR 1.3 Cr led by angel investing firm Inflection Point Ventures. The funds will be utilized by Mocero to develop its product portfolio and boosting sales channel.
01/11/2022

The Meat Chop has raised INR 7 Cr from a clutch of investors in a seed round.

Chennai-based meat retail chain The Meat Chop has raised INR 7 Cr from a clutch of investors in a seed round. The fundraise saw participation from Mohan K (Co-founder at IppoPay), Ankur Agarwal (Co-founder at Dunzo), Rahul Mahipal (founder at Capitar Ventures) and others, with global investors.
01/11/2022

Optiwise.ai raises USD 1.3 Million from StartupXseed Ventures

Artificial intelligence-backed digital marketing startup Optiwise has secured USD 1.3 Million in a seed funding round led by venture capital firm StartupXseed Ventures. The firm will deploy the fresh proceeds to further invest in product, scale up the team and expand its footprint from North America to other e-commerce regions […]
01/11/2022

SphitiCap Makes Second Investment From Maiden Fund

Early-stage venture capital fund SphitiCap, invested USD 11.5 Million in fintech startup PayVeda. Founded in 2019, Payveda is aimed at bridging the gap in financial inclusion in India’s underserved markets.
31/10/2022

SaaS Firm Serosoft Rakes In INR 30 Cr From SIDBI Venture Capital

Educational software and solutions company Serosoft Solutions has raised INR 30 Cr in Series A funding from investment management firm SIDBI Venture Capital Limited. It plans to use the fresh funds to accelerate global growth across key markets in North America, Europe and Australia, build new features into the product […]
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