Archive News


WorkIndia Raises INR 42 Crore From Xiaomi India To Bolster Tech Capabilities

Mumbai-based online recruitment platform WorkIndia, has raised INR 42 Crore from Chinese electronics giant Xiaomi.

Chaayos Raises around USD 21 Million Series B To Expand Store Network

Food chain Chaayos has raised USD 21 Million in a mix of equity and debt in its Series B funding round from San Francisco-based investment firm Think Investments and other investors.

Firstcry Gets USD 296 Million From Softbank To Enter Unicorn Club

Pune-based baby products marketplace Firstcry has raised USD 296 Million Series E funding from Japan-based marquee investor Softbank’s Vision Fund.

Naukri parent Info Edge bets on e-learning startup CodingNinjas

Consumer internet company Info Edge (India) Ltd has invested INR 37 crore in Sunrise Mentors, a Delhi-based company that operates online learning platform CodingNinjas.

B2B firm Udaan invests in restaurant management platform PetPooja

Udaan, a business-to-business e-commerce startup, has invested around INR 14 crore in restaurant management platform PetPooja

Self-driving car rental startup Revv gets the backing of another global automaker

Indian self-driving car rental startup Revv has raised capital in a fresh round of funding from existing and new investors.

Smart helmet builder Altor gets funding from Venture Catalysts

Altor, a startup that builds internet-of-things and artificial intelligence-enabled helmets, has received funding from startup incubator and accelerator Venture Catalysts

Pepperfry Bags USD 40 Million Funding From Fevicol Maker Pidilite

Pidilite Industries, which makes the Fevicol lineup of products, has led a USD 40 Million funding round in Mumbai-based online furniture and home products marketplace Pepperfry.

Farm-To-Fork Supply Chain Startup WayCool Bags USD 35 Million From Lightbox, FMO

Chennai-based WayCool Foods and Products has raised USD 35 Million Series C equity and debt funding round led by Mumbai-based venture capital firm Lightbox.

Square Yards Acquires Azuro To Enter Property Rental, Management Biz

Gurugram-headquartered proptech startup Square Yards, has acquired Mumbai-based rentals and property management platform Azuro and the entire team of Azuro, including its cofounders, has joined Square Yards and will continue to operate with the same brand name.

Unitus Ventures Invests USD 1 Million In Fintech Startup SuperMoney

Mumbai-based fintech startup SuperMoney has raised USD 1 Million in pre-Series A funding from early-stage investor Unitus Ventures.

PayU India co-founder Shailaz Nag’s startup Dot raises USD 8 Million in seed round

PayU India co-founder Shailaz Nag’s new startup, Dot has raised an initial seed funding of around USD 8 million, led by PayU and Fosun RZ Capital.

Online Pharmacies to lead eHealth market to touch USD 16 Billion in five years

India’s eHealth market, led by the online pharmacy category, is pegged to touch USD 16 billion over the next five years, from its current market size of ~ USD 1 billion, according to market watcher Red-Seer Consulting.

Kuku FM Plans To Strengthen Podcast Creator Base Reach With around INR 39 Crore Series A Funding

Mumbai-based vernacular audio platform Kuku FM has raised around INR 39 Crore funding led by Vertex Ventures and the round saw participation from existing investors Shunwei Capital, India Quotient and 3one4 Capital.

Instamojo buys digital commerce platform GetMeAShop in its first acquisition

Digital payment platform Instamojo has acquired Times Internet-owned GetMeAShop, a digital commerce platform for micro, small and medium enterprises, for USD 5 million in cash.

Leap India raises INR 164 crore in Series B funding

Agricultural warehousing and logistics firm Leap India Food and Logistics, has raised Rs 164 crore in Series B funding from the Danish SDG Investment fund and Neev Fund.

Rebel Foods Raises INR 35 Crore Debt Funding From Alteria To Expand Overseas

Mumbai-based leading venture capital fund Alteria Capital has made another debt fund worth INR 35 Crore in Rebel Foods

Snapdeal Founders, Avaana Capital Invest In Cycle Brand Frog

Homegrown bicycle brand Frog’s parent company AlphaVector has raised an undisclosed amount from Avaana Capital and Titan Capital, which is an investment arm of Snapdeal’s cofounders Rohit Bansal and Kunal Bahl

Sequoia eyes complete exit as Stove Kraft refiles for IPO

Sequoia Capital-backed kitchen appliances maker Stove Kraft Ltd has refiled its draft prospectus with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO)

Fleetx raises INR 21 crore in Series A round

Fleet management and predictive analytics platform Fleetx has received around INR 21 crore as part of its Series A round led by Singapore-based venture capital firm Beenext alongside existing investor India Quotient

Info Edge Venture Fund Will Invest In AR Rahman-Backed Qyuki

Noida-based Info Edge the parent company of the online job listing platform Naukri, has invested around INR 25 Crore in Mumbai-based media company, Qyuki via its newly launched venture fund.

Online pharmacy 1mg pops a funding pill from Bill & Melinda Gates Foundation

1mg Technologies, which operates health-technology startup and online pharmacy 1mg, has raised around INR 71 crore in funding from the Bill & Melinda Gates Foundation.

Electric vehicle startup RACEnergy gets funding from GrowX Ventures

Racenergy, which is developing electric vehicle powertrains and recharging infrastructure, has raised funding from growX Ventures and early-stage investor Prophetic Ventures.

DEAL ANNOUNCEMENT: Enablers advises Insurtech company, Roadzen on a secondary share sale

Enablers advises global insurance technology company Roadzen for a secondary stake sale transaction. Ashish & Sohil Chand via their Family Office, Yukti Securities and Aarthi Ramakrishnan, MD of Mizuho Securities India participated in the round. Roadzen is transforming global insurance with its multi-platform solutions for underwriting, claims management, distribution, inspection […]