Archive News

19/09/2022

Cred To Acquire A Minority Stake In LiquiLoans

Dreamplug Technologies Pvt. Limited, which operates fintech unicorn Cred is looking to pick up a minority stake in its Mumbai-based lending partner LiquiLoans with an investment of up to USD 10 Million. Last year, Cred had entered into ties with LiquiLoans, operated by Trillionloans Fintech Pvt. Limited, to roll out […]
19/09/2022

Healthtech Firm CoverSelf Snags USD 4.8 Million From Beenext, 3one4 Capital

San Francisco-and Bengaluru-based healthtech startup CoverSelf has raised seed funding of USD 4.8 Million from BEENEXT and 3one4 Capital. The platform plans to deploy the fresh proceeds to expand its US footprint, ramping up operations and scaling sales, product and technology teams.
19/09/2022

Google-Backed DotPe Raises USD 58 Million In Series B

E-commerce enabler DotPe has raised USD 58 Million in its series B funding round led by Temasek. The round saw participation from existing investors PayU, the payments and fintech business of Prosus, and InfoEdge Ventures. Mitsubishi & Naya Capital join as new investors.
16/09/2022

Shilpa Shetty Kundra Invests INR 6 Cr In D2C Ecommerce Unicorn Mamaea

Bollywood actor Shilpa Shetty Kundra has invested another INR 6 Cr in D2C ecommerce startup Mamaearth. The Bollywood actor already held a stake in the Gazal and Varun Alagh-led Mamaearth. She first invested in the startup in 2018, when it used to offer only babycare products.
16/09/2022

Ex-Facebook Co-Founder’s Fund Bets On Cold Chain Firm New Leaf

New Delhi-based cold chain startup New Leaf Dynamic Technologies has secured INR 6.15 Cr in a pre-Series A funding round from former Facebook co-founder Dustin Moskovitz’s investment fund Good Ventures. The firm plans to deploy the fresh proceeds to scale its product portfolio and strengthening cold chain infrastructure across India.
16/09/2022

Lightspeed-Backed Rephrase.Ai Raises USD 10.6 Million

Rephrase.ai, an AI-focused (artificial intelligence) startup has raised USD 10.6 Million as a part of its Series A funding round, led by Red Ventures. The round also saw participation from Silver Lake, 8VC Ventures.
16/09/2022

SaaS Firm Dingg Bags Fresh Funding

Pune-based software-as-a-service startup Dingg has secured INR 3.5 Cr in a pre-Series A funding round led by US-based venture fund Big Sun Ventures. The round also saw participation from other investors including Samir Srivastav (chief executive at Jean Claude Biguine, India); Ayaz and Rahim Kabani (founders at Beauty Essentials); Lalit […]
15/09/2022

Sequoia Backs Sigmoid In Series B Round

Data solutions startup Sigmoid has closed a Series B round of USD 12 Million in a mix of primary and secondary funding from Silicon Valley venture capital firm Sequoia Capital India. The latest fundraise took Sequoia’s total investment in Sigmoid to USD 19.3 Million
15/09/2022

Matrix Partners India Leads Seed Round For Ximkart

Cross-border raw material sourcing startup Ximkart, on Thursday said it has secured USD 2.4 Million as a part of its seed funding round led by venture capital firm Matrix Partners India. The round also saw participation from Multiply Ventures, Better Capital and Citius Ventures, with angel investors including Sujeet Kumar […]
15/09/2022

Moonshine-Maker Ronin Wines Rakes In Fresh Funding

Ronin Wines, which sells mead under the brand name Moonshine Meadery has raised USD 2 Million in its pre-series A funding round led by Anthill Capitaland. The round also saw the participation of Auxano Capital, Supermorpheus and Merisis. Existing and new angel investors also participated in the mop-up. Value Bridge […]
14/09/2022

Ecommerce Giant Flipkart Backs Deeptech Startup NeuroPixel.AI

Deeptech startup NeuroPixel.AI has raised INR 2.3 Cr in its pre-Series A round from ecommerce giant Flipkart. Post the fundraising, NeuroPixel.AI is valued at USD 5.8 Millionn (INR 46.39 Cr).
14/09/2022

Deeptech Startup Awiros Bags Fresh Funding In Series A Round

Deeptech startup Awiros has raised USD 7 Million in its series A funding round led by Inflexor Ventures and Exfinity Venture Partners with participation from sector-agnostic fund VedaVC, family offices and high-net-worth individuals (HNIs). Awiros aims to use the funds to improve product, build its developer community, and growth in […]
14/09/2022

Wealthtech Startup Racks Up Pre-Seed Funding

Wealth management community platform Centricity has secured USD 4 Million as a part of its pre-seed funding round led by Burman family office, Shantanu Agarwal (LNJ Bhilwara Group) and Arun Jain (Intellect Design Arena/founder-Polaris Software Labs).
14/09/2022

Nobel Hygiene Snags USD 17 Million In Series C Round

Mumbai-based diaper maker Nobel Hygiene has secured INR 132 Cr in a Series C funding round from existing investor Sixth Sense Ventures. The company looks to deploy its fresh proceeds to boost its growth trajectory and further scale manufacturing segment.
14/09/2022

Digital publishing startup MyLang Creators Has Raised Funds To Scale Up Regional Outreach

Digital publishing startup MyLang Creators has received an undisclosed amount in a seed round of funding led by Rainmatter, with Supermorpheus and others participating in the round. The Bengaluru-based startup plans to utilise the funds to scale up regional outreach by extending the same experience to other languages of India.
14/09/2022

WealthTech Platform Finnovate raised funds to scale its technology-led platform

wealthtech platform Finnovate has raised close to USD 1 Million in its pre-series A funding from angel investors. Founded by Nehal Mota and Naveen Singh, Finnovate offers personalised financial life planning and researched-based investment portfolios to working professionals, high-net-worth individuals and families.
14/09/2022

AI-based web tool Dubdub.ai has raised seed round funding

AI-based web tool Dubdub.ai has raised seed round funding of USD 1 Million from Waveform Ventures and Accel Atoms. Forward Slash Capital, Force Ventures and angel investors including Koo’s founder Aprameya Radhakrishna, Mindtickle’s founder Nishant Mungali, Slintel’s founder Deepak Anchala, Netflix’s former head of marketing Swati Mohan, actor Gaurav Kapur, […]
14/09/2022

Gig Platform PickMyWork Raised USD 1 Million led by SOSV’s Orbit Stratups

Gig Platform PickMyWork has raised USD 1 Million in a seed round led by Sosv’s Orbit Startups. The funding round also saw participation from Soonicorn Ventures, Upaya Social Ventures, Blume Founders Fund, Venture Catalyst, Mumbai Angels, 888vc, Imperier Holding, Chandigarh Angels and WeFounderCircle
13/09/2022

MapmyIndia Invests In Fuel Aggregator Startup Nawgati At USD 4 Million

Listed geotech unicorn MapmyIndia has invested an undisclosed amount in fuel aggregator startup Nawgati at a valuation of USD 4 Million. The startup will use the funding to launch its flagship offering, Aaveg. The funding round was the first corporate funding round for the startup.
13/09/2022

Blockchain Unicorn 5ire Buys Stake In Career Advancement Platform Network Capital

Blockchain unicorn 5ire has acquired a stake in mentorship and career advancement platform Network Capital (NC). Post the acquisition, NC will be rebranded as ‘NC powered by 5ire’. However, it didn’t disclose the amount of stake bought and the financial details of the deal.
13/09/2022

Realty Ownership Platform HBits Bags Fresh Funding

Mumbai-based fractional ownership startup hBits has secured INR 20 Cr as a part of its fresh angel funding round from a host of investors including Nirmal Jain (founder and chairman at IIFL Group), InCred Capital, Jayesh Parekh (Former managing partner at Jungle Ventures) and Awdhesh Krishna (Former managing director at […]
13/09/2022

Kalaari, Axilor, Others Back Automation Firm Peer Robotics

Automation startup Peer Robotics has raised seed funding of USD 2.3 Million led by Kalaari Capital, with participation from existing investors Axilor Ventures, Connecticut Innovations and Innopact VC. The US and Gurugram-based firm will deploy the fresh proceeds for research and development on human robot interaction and market expansion across […]
13/09/2022

91Squarefeet Bags USD 10 Million In Series A Round

Construction tech startup 91Squarefeet has raised USD 10 Million in a Series A round led by Stellaris Venture Partners. Existing investors Y Combinator, Betatron Venture Group and some angel investors also participated in the round.
13/09/2022

Procol Raises Series A Funds; Sequoia, Blume Continue Participation

Gurugram-based procurement startup Procol Tech has secured Series A funding of INR 51 Cr from GMO Venture Partners, Alarko Ventures, Esas Ventures, FounderBank Capital and Anchorage Capital. Existing investors Blume Ventures, Beenext and Sequoia Surge also participated in the round.
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