Archive News

12/09/2022

Bessemer Venture Partners Closes Two Funds at USD 4.6 Billion

Venture capital (VC) firm Bessemer Venture Partners has closed USD 4.6 Billion in new capital across two funds. The new BVP XII fund will enhance Bessemer Venture Partners’ primary focus on seed and early-stage investments in businesses across deeptech, consumer, fintech, and healthcare. The Forge fund is specifically designed for […]
12/09/2022

Mensa Brands Forays Into Health Food Category With Acquisition Of MYFITNESS

D2C ecommerce roll-up unicorn Mensa Brands has acquired peanut butter brand MYFITNESS to make its foray into the health food category. With this new association with Mensa Brands, MYFITNESS will work on expanding its footprint, launching new categories, scaling D2C, investing in brand-building, and expanding to global markets.
12/09/2022

XR Central, Online Live Learning Snag Seed Funding

Metaverse startup XR has raised USD 250,000 in a seed round led by angel investors, including fashion designer Tarun Tahiliani, Netprophets Cyberworks’ founder Amitabh Vira and Nitin Sethi, senior vice president and chief digital officer, consumer business, Adani Group. XR Central plans to use the funds to strengthen the development […]
12/09/2022

Magna Leads Series B Round In Yulu

Electric mobility startup Yulu Bikes has raised INR 653 Cr in its Series B funding round, led by US-based mobility technology company Magna International Inc. Existing investors including publicly listed Bajaj Auto also participated in the round.
12/09/2022

Rukam Capital, Others Invest In D2C Startup Beco

Mumbai-based direct-to-consumer (D2C) startup Beco India has secured Series A funding of USD 3 Million led by Rukam Capital. The round also saw participation from Priyavrata Mafatlal, Better Capital, Prashant Pittie and Titan Capital.
09/09/2022

Thrasio-Styled UpScalio In Talks To Raise USD 30-50 Million

UpScalio, a Thrasio-style venture that finances e-commerce brands, is looking to make its investments across sports and fitness, baby and kids care as well as petcare brands and also is in advanced discussions with a clutch of investors to raise between USD 30-50 Million in the next 3-6 months
08/09/2022

Venture Catalysts & CREDAI Set Up USD 100 Million Fund To Back Proptech Startups

The Confederation of Real Estate Developers’ Associations of India (CREDAI) and startup incubator Venture Catalysts have partnered to set up a USD 100 Million proptech fund. The fund will invest in early-stage and growth-stage startups working in diverse sub-sectors of the real estate industry including residential, commercial, institutional and industrial, […]
08/09/2022

SaaS Startup Netradyne Bags USD 65 Million To Offer Fleet Safety & Management Solutions

SaaS startup Netradyne has raised USD 65 Million from Silicon Valley Bank, which is in a mix of senior and junior mezzanine (debt) financing. Netradyne will use the fresh funds to develop its products and expand its geographical footprint to Mexico, France, Germany, Italy, and Spain
08/09/2022

Accel Leads Series A Round In Construction Management Platform Powerplay

Construction management platform Powerplay has raised USD 7.14 Million in its series-A round led by Accel. The round, which saw participation by Sequoia Surge, India Quotient, and Snapdeal founders Kunal Bahl and Rohit Bansal.
08/09/2022

Baring PE And Inflection Point Back New Platform Focused On Deeptech

Baring Private Equity Fund India and Inflection Point Ventures (IPV) are backing a new fundraising and support platform launched by Dr Sunil Shekhawat, former head of product initiatives and deep-tech club at Nasscom. The Sanchiconnect platform, originally an idea of Baring PE’s managing partner Rahul Bhasin and Shekhawat, will help […]
08/09/2022

Fintech Firm Ayekart Snags Fresh Funding From Caspian, Siply

Mumbai-based integrated supply chain and finance platform Ayekart Fintech has secured USD 5 Million from Caspian Debt and Siply in a mix of debt and equity funding round. The startup plans to deploy the fresh proceeds to serve the needs of traditional businesses across food and agri sector.
08/09/2022

Tiger Global-Backed Wow! Momo Kickstarts Series D Fundraise

Quick-service restaurant (QSR) chain Wow! Momo has raised over INR 125 Cr from mid-market private equity firm OAKS Asset Management as part of the first tranche of its Series D round of funding. The current deal has been struck at a post money valuation of INR 2,125 Cr
08/09/2022

Akshayakalpa Snags USD 15 Million From British International Investment, Others

Bengaluru-based organic dairy products manufacturer Akshayakalpa Organic has secured USD 15 Million as a part of its Series B funding round led by UK’s development finance institution (DFI) British International Investment, with participation from Rainmatter and Venture Dairy
08/09/2022

Construction Supply Firm ZippMat Raises USD 10 Million

Bengaluru-based construction supply platform ZippMat has raised USD 10 Million led by Matrix Partners India in a mix of debt and equity funding round. The fundraise also saw participation from existing investor Zephyr Peacock, HDFC Bank and TradeCred.
08/09/2022

SaaS Platform Lucidity Raises Fresh Seed Funding

Cloud storage orchestration platform Lucidity has raised USD 5.3 Million in a seed funding round led by AlphaWave Investments. The current round also saw participation from Beenext, Blume Ventures, BoldCapital, NuVentures and Sparrow Capital.
07/09/2022

100X.VC-backed pet care brand Papa Pawsome has raised INR 2 Cr

100X.VC-backed pet care brand Papa Pawsome has raised INR 2 Cr in its latest seed round which saw participation by DBR Ventures, ITI Growth Opportunities Fund, StrongHer Ventures (Global women entrepreneurship fund), 93 East Capital (New York Based fund), OpenbookVC, and other angel investors.
07/09/2022

DSG Consumer Partners, Others Invest In Hospitality Firm StayVista

Hospitality startup Stay Vista has raised Series B funding of INR 40 Cr led by Singapore-based venture capital firm DSG Consumer Partners, with participation from Capri Global and CA Holdings. The Mumbai-based firm plans to deploy the fresh proceeds to expand its footprint across India and strengthen its operations.
07/09/2022

Fintech Startup GroMo Raises USD 11 Million In Series A Round

GroMo has raised USD 11 Million in its Series A funding round led by SIG Venture Capital. The round also saw the participation Y-Combinator, Das Capital, Goodwater Capital, Beyond Next Ventures, Soma Capital, Ace & Company, and Hauz Khas Ventures.
07/09/2022

Food Processing Startup Suite42 Raises Seed Funding

Business-to-business food processing startup Suite42 has raised seed funding of USD 4.3 Million co-led by Omnivore and Orios Venture Partners. The round also saw participation from other investors including Titan Capital, All In Capital and PointOne Capital, with angel investors like Sujeet Kumar (Co-founder at Udaan) and others.
07/09/2022

Helix Investments Acquires Stake In Indus Insights

India-focused private equity (PE) firm Helix Investments has acquired Ronnie Screwvala-led Unilazer Ventures’ stake in data science and advanced analytics consultant Indus Insights. The PE firm has acquired a substantial minority stake in the company
07/09/2022

Oyo’s Maninder Gulati, Better Capital, Others Back SaaS Firm UserStudy

Software-as-a-service startup UserStudy has secured pre-seed funding of USD 1 Million led by Better Capital. The round also saw participation from Sparrow VC, Maninder Gulati (global chief strategy officer at Oyo) and Good Capital, with angel investors including Gojek, Microsoft, Meta, Oyo, FlexiLoans and UpGrad.
07/09/2022

Retail Startup Daalchini Bags USD 4 Million In Series A

Retail startup Daalchini, on Wednesday announced that it has raised USD 4 Million in a Series A round led by Unicorn India Ventures, along with the participation of new and existing investors. Artha Venture Fund, former chief executive officer of Dominos India Ajay Kaul, and VSS Investco, the investment vertical […]
06/09/2022

WEH Ventures Others Back Zevi In Pre-Seed Round

Zevi.AI, a site search engine-built using NLP-AI (Natural language processing in artificial intelligence), has raised pre-seed funding of USD 850,000 led by WEH Ventures, Titan Capital, Veda VC, Entrepreneur First, and Kube VC. With this seed amount, Company plans to invest and flush out product and establish a growth engine […]
06/09/2022

Traveltech Startup Travel Buddy Bags Funds From Mumbai Angels

Traveltech startup Travel Buddy has bagged an undisclosed amount in a funding round from early-stage investment platform Mumbai Angels. Travel Buddy plans to spend the raised funds on product development and technology improvements.
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