Archive News

25/05/2022

GIC to invest up to INR 2,195 Cr in Aditya Birla’s fashion arm for 7.5% stake

Fashion retailer Aditya Birla Fashion and Retail announced that they are raising up to INR 2,195 Cr from an affiliate of GIC, Singapore’s sovereign wealth fund. GIC will invest INR 770 Cr towards subscription of equity and warrants followed by up to INR 1,425 Cr in one or more tranches […]
25/05/2022

ShopSe snags USD 6 Million from BeeNext, Chiratae, White Venture

Fintech platform ShopSe has raised Series A funding of USD 6.1 Million from BeeNext, Chiratae Ventures and White Venture Capital. The startup plans to deploy the fresh capital towards adding 150,000 more retailers to its portfolio this year.
25/05/2022

Agritech firm Krishi Network buys Better Capital-backed Rocket Skills

Agritech startup Krishi Network has acquired agriculture-focused edtech platform Rocket Skills for an undisclosed amount. With this acquisition, Krishi Network plans to boost its operations and expand its ground presence with farmers. The firm is also planning to gradually rebrand Rocket Skills as Krishi Safal and roll out another agri-focused […]
25/05/2022

SoftBank Vision Fund 2 leads Series B funding of USD 150 Million in Firework

Firework, a livestreaming commerce and digital transformation platform has raised USD 150 Million in Series B funding round led by SoftBank Vision Fund 2. This investment will trigger accelerated growth across markets and particularly India
25/05/2022

Matrix Parners, Accel bet on MSME fintech startup NAKAD

NAKAD, a supply chain fintech for Indian MSMEs, has raised USD 7 Million in a seed funding round, co-led by Matrix Partners India and Accel. Early-stage VC fund AdvantEdge Founders also participated in this round. The company will deploy the funds to increase hiring and scale operations within India.
24/05/2022

1K Kirana Raises USD 25 Million To Connect Consumers With Grocery Stores

Online platform for Kirana stores 1K Kirana has raised USD 25 Million in a Series B funding round at a post-money valuation of USD 115 Million co-led by Alpha Wave Ventures, Info Edge Ventures, Kae Capital and also saw participation from Angel investors including Amrit Acharya, Srinath Ramakkrushnan, Rahul Sharma […]
24/05/2022

Marico Expands Footprint In Healthy Foods Segment, Picks Up 54% Stake In D2C Brand True Elements

Consumer goods company Marico has picked up a 53.98% stake in HW Wellness Solutions, the parent company of omnichannel healthy snacks startup True Elements, for an undisclosed amount. As part of the deal True Elements’ existing leadership will continue to run the brand independently.
24/05/2022

Visa Looking To Invest In Fintech Startups For B2B Payments

Visa, the credit cards major is exploring partnerships with fintech startups for B2B payments to shore up its corporate card-based solutions. These services will include payments to suppliers, reconciliations and GST-based payments.
24/05/2022

Global PE player Actis buys Hyderabad-based real estate firm Rx Propellant

Global private equity investor Actis has acquired Hyderabad-based real estate platform, Rx Propellant for an undisclosed amount. Rx Propellant is a leading player in the life sciences real estate sector and is currently involved in development and marketing of a number of real estate projects in design-development stage across Hyderabad […]
24/05/2022

NextBillion.ai secures USD 21 Million in Series B funding led by Mirae, existing investors

NextBillion.ai, which operates an artificial intelligence (AI)-based enterprise platform focused on hyperlocal solutions has raised USD 21 Million in its Series B funding round led by Mirae Asset Capital. Company will use the fresh capital to boost operations globally and expand in North American and Europen markets
24/05/2022

Chiratae, JITO, others back self-driving vehicle startup Minus Zero

Self-driving vehicle platform Minus Zero Robots has raised seed funding of USD 1.7 Million led by Chiratae Ventures and also saw participation from JITO Angel Network, a few angel investors, auto industry professionals, and senior executives from Silicon Valley-based firms Nvidia and Lyft.
24/05/2022

Baby products firm SuperBottoms snags USD 3 Million from Venture Catalysts, Saama Capital, others

Reusable diaper brand SuperBottoms has raised USD 3 Million from Saama Capital, DSG Consumer Partners and Venture Catalysts. SuperBottoms plans to use the fresh proceeds to onboard people at senior levels and expand the platform’s consumer footprint
24/05/2022

eBikeGo marks final close of pre-Series A round at USD 5 Million

Electric two-wheeler mobility platform eBikeGo has marked the final close of its pre-Series A funding round at USD 5 Million from Kuwaiti investor Sivaram Juvva, Omani investor Ivor Braganza along with other high net worth individuals from the industry.
24/05/2022

Investcorp to invest USD 400 Million Indian schooling infra

Investcorp now has plans to deploy USD 400 Million over four years on Indian school infrastructure and warehousing, as it seeks to expand investments in the South Asian nation
23/05/2022

Data Security Startup Seclore Raises USD 27 Million To Help Companies Protect Confidential Information

Data security solutions provider Seclore has announced the closure of its USD 27 Million Series C funding round. The round was led by Chicago-based Origami Capital Partners and Oquirrh Ventures. The funds will be used for expanding Seclore’s team and customer base in North America.
20/05/2022

Web3 Startup Questbook Raises USD 8.3 Million To Help Web3 Developers Gain Access To Capital

Web3 startup Questbook has announced its USD 8.3 Million Series A funding round led by Lemniscap and saw participation from Coinbase Ventures, Alameda Research, Dragonfly, Hashed, Polygon, Balaji Srinivasan, Raj Gokal , Arjun Sethi and Maneesh Sharma .
20/05/2022

Tiger Global Backed CleverTap Acquires US-Based Leanplum To ‘Hyper-Personalise’ User-Engagement

Martech platform CleverTap will acquire San Francisco-based multi-channel customer engagement platform Leanplum for an undisclosed amount. The company has signed definitive agreements to fully acquire the US-based platform. The deal is expected to close in the second quarter of 2022.
20/05/2022

Women’s Fashion Brand FabAlley’s Parent Raises INR 40 Cr To Expand Offline Presence

High Street Essentials (HSE), the parent company of women’s fashion brands FabAlley and Indya has raised INR 40 Cr from Stride Ventures. The funds will be used for expanding offline presence by launching exclusive brand outlets consisting of company-owned stores, franchisees and an additional 100 large format retail stores in […]
20/05/2022

Wealthtech platform BHIVE.fund raises strategic investment from Blume Ventures, others

Wealthtech platform BHIVE.fund has raised strategic investments from Nikhil Kamath, Abhijeet Pai and Blume Ventures. The amount of the investments is undisclosed. Company will use the capital for business growth, building comprehensive technology and global expansion
20/05/2022

Lenskart, 9 Unicorns, others back location intelligence firm GeoIQ

Eyewear brand Lenskart led a USD 2 Million investment in a pre-Series A round in location intelligence platform, GeoIQ. The round also saw participation from existing investors like 9 Unicorns, Venture Catalysts and Ecosystem Ventures.
20/05/2022

SaaS platform Inflection.io snags USD 5 Million in MHS Capital-led round

Software-as-a-service product startup Inflection.io has secured seed funding of USD 5 Million led by MHS Capital. and also saw participation from Version One, Cercano Management, Matt Heinz, Edward Unthank, Justin Gray, Adam Schoenfeld, Ray Carroll and others.
19/05/2022

Fintech Giant Innoviti Bags USD 10 Million From Netherland Based FMO

Bengaluru-based digital payment solution startup Innoviti raised USD 10 Million from FMO. The latest fundraise seems to be part of the startup’s larger Series D round. The fintech startup intends to go for public listing and the subsequent tranches will be closed in the upcoming months.
19/05/2022

Indian Robotics Firm GreyOrange Raises USD 110 Million To Help Companies Automate Warehouse Ops

Tiger Global-backed Indian robotics firm GreyOrange has raised USD 110 Million in comprehensive growth financing. A majority of the latest funding came from its existing investor Mithril Capital Management and a distinguished group of current and new investors along with separate financing provided by funds and accounts under management by […]
19/05/2022

Personal Care Brand WOW Skin Science Secures Investment To Widen Product Portfolio

Personal care D2C brand WOW Skin Science has raised an undisclosed amount of investment from Singapore-based sovereign wealth fund GIC. The fresh capital will be deployed for brand building, hiring talent across verticals and launching new products.
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