Archive News

02/12/2022

Leap.club has secured fresh funding of USD 1 Million led by existing investor Enzia Ventures

Konflake Tech Pvt. Ltd, which operates women-focussed networking platform Leap club has secured fresh funding of USD 1 Million led by existing investor Enzia Ventures. The round also saw participation from a clutch of investors including Artha India Ventures, Ghazal Alagh (Mamaearth), Alok Mittal (Indifi) and Atul Goel (E-City Ventures), […]
02/12/2022

Better Capital-Backed IppoPay Makes Its Second Bet

Chennai-based payment gateway platform IppoPay Technologies has bought fintech-focussed IT products and services firm Roamsoft Technologies Pvt. Ltd in an all-cash deal, marking its second acquisition so far. Financial details of the deal were not disclosed.
02/12/2022

Aye Finance Bags USD 10 Million From ResponsAbility

Lending startup Aye Finance has raised USD 10 Million via external commercial borrowings (ECBs) from its existing Swiss-based investor responsAbility Investments AG. Aye will be utilizing the additional funds to offer business loans to the excluded microenterprise sector to support their growth and enable their inclusion into the formal economy, […]
02/12/2022

Proptech Startup Blox Snags USD 12 Million

Online real estate marketplace Blox has secured Series A funding of USD 12 Million from a clutch of existing Silicon Valley investors as well as new investors and angels including fintech unicorn Cred’s founder Kunal Shah. The startup plans to deploy the fresh proceeds for market expansion, boosting its product […]
01/12/2022

Aditya Birla’s TMRW Invests INR 200 Cr In D2C Startup Bewakoof

Aditya Birla Group’s house of brands business TMRW has invested INR 200 Cr in the D2C startup Bewakoof. The investment will help Bewakoof leverage capabilities and grow its leadership position in the D2C space. The startup will use the incoming funds for brand building and expanding into teens and kidswear […]
01/12/2022

Flash Snags Seed Funding From Global Founders Capital, Others

Flash, which aims to improve the online shopping experience of users has raised USD 5.8 Million in a seed round led by Global Founders Capital (GFC), White Venture Capital, Zinal Growth, Soma Capital, Emphasis Ventures and Peer Capital. Angel investors including Binny Bansal (ex-Flipkart); Kunal Shah (Cred); Arpan Sheth (Bain […]
01/12/2022

Hashed Emergent, Prime Venture, Others Back Web 3 Gaming Startup Glip

Web 3.0 game discovery and wallet app Glip has secured USD 2.5 Million in a seed funding round led by Hashed Emergent. The round also saw participation from Beenext and existing investor Prime Venture Partners. The funds will be used to expand their ten-member team, launch new product features, and […]
01/12/2022

Aavishkaar Capital Backs Dairy Startup Mooofarm In Series A Round

Dairy startup Mooofarm raised USD 13 Million in a Series A funding round led by Aavishkaar Capital, the Impact Investing arm of the Aavishkaar Group, offering the investor a minority stake in the startup. Also Accel Partners, Aditya Birla Ventures along with existing investors Rockstart AgriFood, Navus Ventures including venture […]
01/12/2022

Temasek, Sofina Lead DeHaat’s USD 60 Million Fundraise

DeHaat has raised USD 60 Million in a Series E funding round co-led by existing investors Singapore’s Temasek Holdings and Belgium’s Sofina Ventures. Other existing investors RTP Global Partners, Prosus Ventures and Lightrock India, also took part in the round.
30/11/2022

Glip Secures Funding For Its Web3 Game Discovery Platform

Bengaluru-based Web3 game discovery platform and wallet app Glip has secured USD 2.5 Million in a funding round led by Hashed Emergent, with participation from BEENEXT and existing investor Prime Venture Partners. Glip will be deploying the funds to expand its team, launch new product features and grow its community […]
30/11/2022

Former Flipkart Executive’s Startup Flash Bags Funding From GFC, Binny Bansal, Others

Ecommerce enabler startup Flash has raised USD 5.8 Million in a seed funding round led by Global Founders Capital (GFC). White Venture Capital, Zinal Growth, Soma Capital, Emphasis Ventures, Peer Capital and angel investors including Flipkart’s founder Binny Bansal, CRED’s Kunal Shah, Bain & Co’s Arpan Sheth, Udaan’s Sujeet Kumar, […]
30/11/2022

Indian Actor Shilpa Shetty Backs Upskilling Platform Hunar Online

Women-focused upskilling platform Hunar Online has received an undisclosed amount of funding from Indian actor Shilpa Shetty Kundra. As part of the deal, Shetty has also become the brand ambassador of the startup.
30/11/2022

CBREX has raised USD 3 Million from early-stage venture capital firm WaterBridge Ventures

Cross-border hiring startup CBREX has raised USD 3 Million as a part of its pre-Series A funding round from early-stage venture capital firm WaterBridge Ventures. The New York and Bengaluru-based startup will use the fresh funds to scale up its US go-to-market as well as expand product and growth.
30/11/2022

Prodo has raised seed capital of USD 1 Million led by Inflection Point Ventures

Manufacturing and procurement startup Prodo has raised seed capital of USD 1 Million led by Inflection Point Ventures, with participation from Titan Capital, LetsVenture and Dholakia Ventures. The company plans to clock in an orderbook of INR 400 Cr by FY24.
30/11/2022

Vetic has secured seed funding for ramping up its technology stack, building medical unit and expanding geographical footprint

Gurugram-based pet care startup Vetic has secured seed funding of USD 3.7 Million led by former Stripe executive Lachy Groom. The round also saw participation from a clutch of other angel investors including Utsav Somani (AngelList India), Nitin Saluja (Chaayos), Ritesh Agarwal (Oyo) and Manu Gupta (Blue Lion), among others.
30/11/2022

Sequoia Acquires Minority Stake In SaaS Startup Prismforce

Prismforce has raised USD 13.6 Million in a Series A round led by Sequoia Capital India, offering the venture capital firm a minority stake in the B2B SaaS startup. The round also saw participation from some angel investors.
30/11/2022

Burma Burma Restaurants has raised over USD 2 Million in a seed round led by Negen Capital

Burma Burma Restaurant and Tea Room, a Burmese vegan restaurant chain, has raised over USD 2 Million in a seed round led by Negen Capital, with participation from Bbigplas Poly. The brand plans to use the capital to expand in new cities in the country, as it goes deeper into […]
30/11/2022

Gamerji has raised USD 3 Million in a pre-Series A funding round from GVFL & Unicorn India Ventures

E-sports tournament platform Gamerji has raised USD 3 Million in a pre-Series A funding round from GVFL (formerly Gujarat Venture Finance Limited) and existing investor Unicorn India Ventures. The Ahmedabad-based startup will utilize this capital to grow the platform in international markets including West Asia and North Africa, where it […]
29/11/2022

Oben Electric Secures USD 4 Million Funding To Boost Operations

Electric mobility startup Oben Electric has secured USD 4 Million in a Pre-Series A funding round led by US India EV Angels LLC. Dholakia Ventures and existing investor We Founder Circle also participated in the funding round. The funding will help the startup to cater to its existing orders, ramp […]
29/11/2022

CRED To Acquire Lending Tech Startup CreditVidya

Credit card management startup CRED is set to acquire lending-as-a-platform CreditVidya in a mix of cash and stock deal, subject to requisite approvals. The acquisition will help CRED expand its credit products’ portfolio, while CreditVidya looks to scale distribution.
29/11/2022

Cinnamon Homes Bags Angel Funding from Multiple Investors

Home decor startup Cinnamon Homes has raised an undisclosed amount of funding co-led by beauty marketplace Purplle’s co-founder Rahul Dash and Deutsche Bank’s vice president Chetan Jajoria. The round also saw participation from a clutch of other angel investors. The Delhi-NCR-based firm will use the fresh funds to scale up […]
29/11/2022

TRST Score has secured seed funding round from a host of seven angel investors

Chennai-based employee risk mitigation platform TRST Score has secured around INR 2 Cr as a part of its seed funding round from a host of seven angel investors. The fresh proceeds will be deployed to expand TRST’s reach and boost its technology offerings.
29/11/2022

Suwasthi has raised seed capital from revenue financing-focussed fintech platform Velocity

Delhi-based health and nutrition startup Suwasthi has raised fresh capital of INR 2 Cr from revenue financing-focussed fintech platform Velocity. The firm will use the fresh funds to scale up its production and manufacturing units.
29/11/2022

Mankind Pharma Acquires Majority Stake In Upakarma Ayurveda

Pharmaceuticals giant Mankind Pharma Ltd on Monday acquired a majority stake in Upakarma Ayurveda through one of its subsidiaries for an undisclosed sum. The stake acquisition would allow Upakarma Ayurveda to widen its product offering, penetrate the market and leverage Mankind’s distribution network
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