Archive News


Indian Angel Network backs energy analytics startup MinionLabs

MinionLabs India, a Bengaluru-based startup that provides real-time insights into energy consumption of electric appliances, has raised funding from the Indian Angel Network.

Sequoia, MassMutual Ventures bet on health-tech startup

Qure ai Technologies, a Mumbai-based healthcare-technology startup, has raised USD 16 million in a funding round led by Sequoia Capital and Singapore-based MassMutual Ventures Southeast Asia also participated in the round.

Nexus-Backed Hasura Raises around USD 10 Million In Series A Funding

San Francisco and Bangalore-based Hasura has raised around USD 10 Million in series A funding led by Vertex Ventures US.

PhonePe gets INR 427 crore from Singapore based parent company

Walmart-owned Flipkart’s digital payments arm PhonePe has received INR 427 crore cash infusion from its Singapore-based parent company.

BPCL to set up a rolling fund for start-ups

BPCL Ankur initiative has supported 25 startups so far with a cumulative grant funding of INR 25 crore. Going forward, the grant will be increased.

Freshworks buys ML & AI provider AnsweriQ

Freshworks has acquired AnsweriQ, a provider of machine learning and artificial intelligence for large enterprises, for an undisclosed amount.

Eureka AI closes USD 20 million Series B investment round

Eureka, an AI enterprise software platform enabling mobile operators, has closed USD 20 million its Series B fundraising round and the round was co-led by investors from around the world- Aventure insurtech fund managed by Apis Partners, Gobi Partners, the Riyadh TAQNIA Fund and MECVentures.

Wipro’s consumer care arm bets on male grooming startup LetsShave

Wipro Consumer Care, a unit of Wipro Enterprises, has invested an undisclosed amount in Chandigarh-based male grooming startup LetsShave.

Serum Institute’s Adar Poonawalla invests in cookie maker Sweetish House Mafia

Cookie maker Sweetish House Mafia has raised INR 12 crore in its pre-Series A round of funding from Adar Poonawalla, CEO at vaccine maker Serum Institute of India.

Jagaran Microfin raises INR 22 crore from BlueOrchard Finance through NCD issuance

Kolkata-based lender Jagaran Microfin has raised INR 22 crore through in debt financing from Swiss impact investment major BlueOrchard Finance.

ShareChat Acquihires Elanic To Tap Social Ecommerce

Bengaluru-based vernacular content platform ShareChat, has acquired Bengaluru-based online fashion marketplace Elanic and post the acquisition Elanic’s employees will join ShareChat.

Kolkata’s iMerit Bags USD 20 Million To Expand Data Annotation Business

Kolkata-based deeptech startup iMerit Technology Services has raised USD 20 Mn in Series B funding round led by the development finance institution CDC Group, which is owned by the UK government.

Kunal Bahl, Rohit Bansal’s Titan Capital back content platform Pepper

Pepper Content, which runs a content writing and services platform, has raised around INR 2 crore as part of its seed funding from a clutch of investors.

GGV Capital, Binny Bansal take a shine to gold loan platform Rupeek

Rupeek Fintech, which runs a financial technology startup focussed on gold loans, has raised USD 60 million in funding from a clutch of investors.

Intuit to buy Credit Karma in a USD 7 billion deal

Intuit announced a deal to buy personal finances rival Credit Karma for USD 7 billion in cash and stock.

Blume Ventures Closes Fund IIA At USD 41 Million To Invest In Portfolio Startups

Mumbai-based venture capital firm Blume Ventures, announced the final close of its opportunity fund — Fund IIA — at USD 41 Million for follow-on investments.

RailYatri gets funding from Samsung arm, others for bus ticketing platform

Stelling Technologies, which operates train travel and ticketing platform RailYatri, has raised INR 100 crore in an extended Series B round.

CDC leads Series B funding in AI-based data labelling startup iMerit

iMerit Technology Services, an information technology startup focussed on data labelling and annotation, has raised USD 20 million in a Series B funding round.

eCommerce paltform Near.Store raises USD 300,000 seed fund

NearStore, a plug and play ecommerce platform for offline stores has raised USD 300,000 seed funding from Sauce vc, an early stage consumer focused VC fund and other individual investors.

BharatPe gets USD 75 million from Coatue, Ribbit

Fintech startup BharatPe has raised USD 75 million led by hedge fund Coatue Management and Palo Alto-based fintech investor Ribbit Capital, as it looks to fund its non-banking financial company (NBFC) arm that is awaiting licence approval from the Reserve Bank of India.

Vogo Is Raising around USD 19 Million Series C Round; Expanding Its ESOPs Pool

Bengaluru-based two-wheeler rental platform Vogo is raising around 19 Million in its Series C funding round led by Financial Investments SPC.

MSME-focussed Prayaan Capital raises seed funding from Accion Venture Lab

Prayaan Capital, which runs a financial technology startup focussed on lending to micro, small and medium enterprises (MSMEs), has raised around INR 9 crore in a seed funding round and the round was led by Accion Venture Lab, the seed-stage investment arm of Accion International.

Udemy secures UDS 50 million investment from Benesse Holdings

Benesse Holdings has agreed to invest USD 50 million in Edu-tech platform Udemy and company plans to further invest in markets around the world and will expand its San Francisco headquarters as well as grow its offices in Denver, Colorado; Dublin, Ireland; Gurgaon, India; Sao Paulo, Brazil; and Ankara, Turkey.

Surge Startup InVideo Bags around INR 18 crore Funding; Rolls Out AI-Powered Video Editor

Video editing and content creation software maker InVideo, has raised around INR 18 crore in a round led by Sequoia Capital India’s early-stage accelerator programme Surge.