Archive News

22/11/2021

Beauty products e-marketplace Purplle raises USD 60 Million from Premji Invest in ongoing Series D round

Ecommerce beauty platform Purplle has raised USD 60 million in ongoing Series D round from Premji Invest, the family office of Wipro founder-chairman Azim Premji, valuing the direct-to-consumer brand at USD 630 million.
22/11/2021

Flipkart enters health segment, acquires majority stake in SastaSundar

Flipkart Health Pvt Ltd, a newly-created entity within the Flipkart Group, has agreed to acquire a majority stake in online pharmacy and digital health platform SastaSundar Marketplace Ltd, that owns and operates SastaSundar.com.
22/11/2021

Binance Labs invests in Hong Kong-based gaming metaverse platform MOBOX

The venture capital and innovation incubator of Binance, Binance Labs, has invested an undisclosed amount in Hong Kong-based MOBOX, a gaming metaverse platform. MOBOX is a cross-platform gaming metaverse that combines automated optimised DeFi yield farming and gaming non-fungible tokens (NFTs) to create a GameFi Metaverse.
22/11/2021

Flipkart co-founder Binny Bansal leads USD 6 million funding round in wellness platform Mindhouse

Blacktail Mindhouse Pvt. Ltd, which operates health-technology company Mindhouse, has raised USD 6 million in Seed funding led by Flipkart’s co-founder Binny Bansal. General Catalyst, Better Capital, Kwaish Capital, Anicut, and the founders of Mindhouse-Pooja Khanna and Pankaj Chaddah also participated in the funding round.
19/11/2021

Bengaluru-based Defy raises USD 5.5 Million seed round to build social crypto exchange

Bengaluru-based Defy, has raised USD 5.5 million worth seed round for the parent company, Y Combinator-backed Walrus. The round was led by Goat VC, JAM Fund, and Goodwater Capital. Also participating in this round were Gemba Capital, Night Ventures, GMO Venture Partners, Uncommon Capital, Soma Capital, and Olive Tree Capital, […]
19/11/2021

Sequoia Capital India, 120 angel investors back former Google execs’ consumer finance startup Arbo Works

Sequoia Capital India and 120 other angel investors have invested an undisclosed amount in former Google executive Caesar Sengupta’s fintech venture, Arbo Works.
19/11/2021

Edtech startup Inzpira raises INR 2.3 crore as part of its seed round

Edtech startup Inzpira, has raised INR 2.3 crore in a seed funding round led by angel investors Raj Nair, chairman of Avalon Consulting, and Gopinath Latpate, executive director of JLL and others. Inzpira helps adults learn English and soft skills through its AI-enabled platform, wherein the users can choose a […]
18/11/2021

Disprz bags USD 13 million funding led by Dallas Venture Capital, Mars Growth Capital

Enterprise skilling startup Disprz, has raised USD 13 million in its Series B funding round, led by Dallas Venture Capital and Mars Growth Capital. Existing investors Go1, Tara India Fund IV being managed by KOIS, Auctus Capital and Kae Capital also participated in the round.
18/11/2021

Fintech startup Zenpay Solutions raises angel round led by The StarupLab, AngelBay

Fintech startup Zenpay Solutions has raised an undisclosed round of funding led by AngelBay and The StartupLab with participation from angel investors. Zenpay offers banking solutions for small and medium enterprises (SMEs) employing blue-collar workers.
18/11/2021

SalaryBox raises USD 4 Million from Y-Combinator, AME Cloud Ventures, Gokul Rajaram, others

Gurugram-based fintech startup SalaryBox, has raised USD 4 million in a new seed round from new and existing investors including Y-Combinator, Jerry Yang’s AME Cloud Ventures, Soma Capital and 2AM Ventures. SalaryBox is a mobile app-based employee management solution that simplifies the staff attendance and payroll processes for small businesses.
18/11/2021

Foodlink raises USD 8 million Series B round led by Plutus Wealth Management

Foodlink, a catering and food retail chain company, has raised USD 8 million in a Series B funding round led by Arpit Khandelwal, managing partner at Plutus Wealth Management LLP.
18/11/2021

Gurugram-based Thrasio-style startup UpScalio invests in kitchen appliance brand Hestia

UpScalio, a Thrasio-style venture that invests in e-commerce brands, has invested an undisclosed sum in high-end kitchen appliance start-up Hestia.
18/11/2021

Inflection Point Ventures backs D2C furniture brand Boingg

Boingg, a direct-to-consumer furniture brand operated by Boingg Kids Pvt Ltd, has raised INR 2.2 crore in a Seed funding round led by Inflection Point Ventures. Boingg offers a range of customisable furniture, soft furnishings and accessories for kids along with products in the categories related to setting up children’s […]
18/11/2021

Health-tech startup K&L Wellness Technology raises INR 30 crore from angel investors

Health-tech startup K&L Wellness Technology, has raised seed funding of INR 30 crore from angel investors Vimal Kedia and Surendra Kedia of Manjushree Ventures, the venture capital arm of Manjushree Technopack and Narendra Firodia of Sohamm Group.
18/11/2021

Better Capital raises debut fund of USD 15.2 million

Venture firm Better Capital has raised its maiden fund of USD 15.2 million to scale its pre-seed and seed investment strategy backing early-stage startups. Plans to invest in 35-40 companies from this fund in the pre-seed and seed rounds across sectors with the median check size being USD 300K.
18/11/2021

Trifecta Capital raises USD 100 million in first close of its third venture debt fund

Trifecta Capital has raised INR 750 crore as part of its first close of its third venture debt fund, Trifecta Venture Debt Fund-III. Trifecta aims to deploy funds in as many as 75 startups seeking alternative sources of growth capital.
17/11/2021

Velocity.in bags USD 20 million in funding led by Peter Thiel’s Valar Ventures

Velocity.in, a revenue-based financing startup, has raised USD 20 million in a Series A funding round led by Peter Thiel’s Valar Ventures. Other investors who participated in the round include Presight Capital, Utsav Somani’s iSeed, Maninder Gulati and others.
17/11/2021

GoKwik raises INR 112 Crore in Series A investment led by Sequoia Capital India

Ecommerce enablement firm GoKwikhas, has raised Series A funding of INR 112 crore led by Sequoia Capital India. The round also saw participation from existing investors Matrix Partners India and RTP Global. GoKwik leverages artificial intelligence to solve merchant-first problems, including return to origin (RTO) and cash on delivery conversion […]
17/11/2021

Mensa turns unicorn within 6 months of inception with USD 135M Series B investment

The D2C house of brands startup Mensa Brandshas, has raised Series B funding of USD 135 million led by its existing investor Falcon Edge Capital, along with other existing investors like Accel, Norwest, and Tiger Global Management at a valuation of over a billion dollars. Prosus Ventures joined the fundraising […]
17/11/2021

Banking platform DGV raises USD 3.1 Million in pre-Series A from Info Edge Ventures and Omnivore

Digivriddhi Technologies Private Limited (DGV), a dairy industry-focussed neo-banking startup, has raised USD 3.1 million in pre-Series-A round from Info Edge Ventures and Omnivore. DGV is currently working with some of India’s leading co-operatives dairy unions and their respective milk co-operative societies and farmers, by providing them access to payments, […]
17/11/2021

Ratan Tata-backed startup Bombay Hemp raises USD 2 Million

Mumbai-based cannabis-focused medical research startup Bombay Hemp Company Pvt. Ltd, has raised USD 2 million from the family offices of Achin Kochar of the Vi-John Group and Riteesh Mohan Bakshi, Raghav Mohan Bakshi of RRB Energy Ltd.
17/11/2021

SaaS startup Toplyne raises USD 2.5 million from Surge, Together Fund, others

Software-as-a-service platform Toplyne, has raised USD 2.5 million in fresh funding from Sequoia Capital India’s accelerator program Surge, Together Fund, and angel investors from Canva, Freshworks, and Zoominfo. Toplyne is a SaaS platform that enables product-led growth (PLG) companies to increase their freemium user conversion rates.
17/11/2021

Digital cooking startup Cookd raises USD 600K in pre-Seed funding round

Chennai-based digital home-cooking start up Cookd, has raised USD 4.4 crore in a pre-seed funding round led by Konglo Ventures, Kerala Angel Network, and well-known angels from the food industry.
17/11/2021

GENLEAP raises INR 60 crore in seed funding

GENLEAP, a Gurugram-based startup that combines technology capabilities of HR and education segments, has raised INR 60 crore in a seed round of funding from a group of angel investors. GENLEAP is a DNA-based self-discovery, upskilling and employability platform. The startup’s proprietary assessments platform is based on the triangulation of […]
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