Archive News

06/09/2022

Ankur Capital, Omidyar Network, Others Back Construction Startup Project Hero

Construction tech startup Project Hero has raised USD 3.2 Million in seed funding led by Ankur Capital and Omidyar Network India. The round also saw participation from Titan Capital and other undisclosed angel investors.
06/09/2022

Tata Digital-Owned 1mg Raises USD 40 Million In Fresh Round At Unicorn Valuation

Online pharmacy 1mg, has raised USD 40 Million in a funding round led by its majority shareholder Tata Digital Limited at a unicorn valuation. KWE Beteiligungen AG, HBM Healthcare Investments, MPOF Mauritius, MAF Mauritius, Rubal Jain and Vardaan also invested in the Tata Group company.
06/09/2022

Unacademy Acquires Gate Academy To Expand Into Engineering Test Prep Category

Edtech unicorn Unacademy has acquired test prep startup Gate Academy for an undisclosed amount. Following the acquisition, the entire team of Gate Academy will join the edtech giant. With this acquisition, Unacademy has expanded its presence into the graduate aptitude test in engineering (GATE) test prep category.
06/09/2022

FinAGG Bags Funding To Offer Credit To MSMEs, Retailers & Suppliers

Fintech startup FinAGG has raised USD 3 Million in its Pre-Series A funding round led by BLinC Invest. Existing investor–Prime Venture Partners has also participated in the funding round. FinAGG will use the fresh capital to launch new products, expand existing products in new cities, grow lending partnerships, and invest […]
06/09/2022

Telecom Infra Firm iBus Group Raises INR 125 Cr From Nomura

Bengaluru-based telecom infrastructure and technology firm iBus Group has raised INR 125 Cr from Japan-based financial services group Nomura. The infra aggregator aims to use the funds to consolidate its digital infrastructure for Wi-Fi managed services and other value-added services.
06/09/2022

IMPunjab Introduces 16 Startups In Its Debut Cohort

Punjab’s CM Bhagwant Mann introduced the first cohort of IMPunjab’s (Innovation Mission Punjab) accelerator programme comprising 16 Punjab-based startups. The accelerator will also provide startups with INR 3 Lakhs as experimental capital to validate business models. The startups selected include organic ayurvedic brand solutions company AddVeda; rural logistics company Countryside […]
06/09/2022

Micro VC Fund Upsparks To Sharpen Focus On Climate Bets

Micro venture capital fund Upsparks will back up to 10-15 startups in the climate tech and sustainability spaces over the next 1 year, as it looks to sharpen its focus in the area. Fund is exploring opportunities in plant-based meat, mobility, eco-friendly products, lead recycling, and electric vehicle battery swapping.
06/09/2022

Nazara Founders, Others Back Healthtech Startup Healthledger In Seed Round

Preventive healthcare diagnostics startup Healthledger Diagnostics has raised an undisclosed sum in a seed funding round led by A-League. The round saw participation from Quadra Advisors, and include VCs Nitish Mittersain and Vikash Mittersain of Nazara Technologies Ltd., Narendra Firodia of Sohamm Group, integrative medicine and lifestyle coach Luke Coutinho, […]
06/09/2022

BLinC, Prime Venture Partners Back Fintech Firm FinAGG

Noida-based fintech startup FinAGG Technologies has secured pre-Series A funding of USD 3 Million led by venture capital firm BLinC Invest, with participation from existing investor Prime Venture Partners. The firm plans to deploy the fresh proceeds to roll out new products, strengthen lending ties and invest in technology.
05/09/2022

Bollywood Actor Ranveer Singh Marks First Startup Investment With Sugar Cosmetics

Beauty and personal care brand Sugar Cosmetics has raised an undisclosed amount in his personal capacity by Bollywood actor Ranveer Singh marking his first startup investment. With this partnership, Sugar Cosmetics hopes to create new pathways for customer acquisition, especially with the Gen Z and millennial audiences in India
02/09/2022

Spacetech Startup Skyroot Aerospace Fetches USD 50.5 Million In Series B

Spacetech startup Skyroot Aerospace Pvt. Ltd has raised USD 50.5 Million in a Series B round led by Waverly Pte Ltd, a subsidiary of Singapore-based GIC. LNM India Internet Ventures also participated in the round.
02/09/2022

Info Edge Invests INR 90 Cr In Rahul Yadav’s Broker Network

Housing.com’s founder Rahul Yadav led 4B Networks which runs proptech startup Broker Network has raised INR 90 Cr from its existing and only backer Info Edge. Broker Network plans to use the funds for expansion and growth of the company
02/09/2022

Singularity AMC To Close Fund With INR 600 Cr Corpus

Singularity AMC, backed by veteran investor Madhusudan Kela, is set to achieve closure of its maiden fund with a corpus of INR 600 Cr by the end of this month. The fund focus on investments in new-age firms in financial services, consumer brands, telecom networks and precision manufacturing sectors
02/09/2022

Lawyered Raises Over USD 1 Million To Fuel Next Phase Of Growth

Legal tech platform Lawyered has raised more than USD 1 million in its pre-series round by Finvolve’s Apoorva Vora. The startup is making access to legal support available and affordable. Lawyered has partnered with startups and micro, small and medium enterprises (MSMEs) and helps in solving their legal issues
01/09/2022

Cybersecurity Startup Silence Laboratories Bags Seed Funding To Build Better Authentication Schemes

Cybersecurity startup Silence Laboratories has raised USD 1.7 Million in its seed funding round led by pi Ventures. The round also saw participation from imToken Ventures and other angel investors, including Daniel Ari Friedman, Mahin Gupta, CK Vishwakarma, Priyeshu Garg, and Ashish Tiwari.
01/09/2022

Tortoise Raises Funds From Swiggy, ZestMoney Chiefs

Save-now-buy-later platform, Tortoise has raised an undisclosed amount of funding from Swiggy’s co-founder and chief executive officer (CEO) Sriharsha Majety and ZestMoney’s co-founder and CEO Lizzie Chapman, in an extension of the seed funding round.
01/09/2022

India Accelerator’s Angel Fund To Back 100 Startups

Startup nurturing platform India Accelerator has launched a INR 350 Cr category-I angel fund with an aim to back 100 early-stage startups every year. The funds plan to invest in cap size of INR 50 Lakhs each across nine verticals including D2C, B2B, software-as-a-service, healthtech, deeptech, agritech, fintech, hypersonic and […]
01/09/2022

AI start-up Algomage raises USD 850 K in pre-seed funding

Mumbai-based post-production startup Algomage has raised USD 850,000 in pre-seed funding led by The DotIn Network. Algomage will use the funds to introduce new tools to its AI post-production suite and expand its services to overseas markets.
01/09/2022

EV tech startup Electrifuel raises INR 1.8 Cr in funding from Indian Angel Network

Electric vehicle technology startup Electrifuel has raised INR 1.8 Cr in its seed round led by Indian Angel Network (IAN) investors Vishnuraj Kunjur, Sahil Kejriwal and Pradeep Gupta. The Delhi-based startup plans to use the funds to hire top talents for multiple roles, expand its team and scale production.
01/09/2022

WheelsEMI Raises USD 21 Million; In Talks To Secure More Funds

Two-wheeler lifecycle service startup Bike Bazaar has raised USD 21 Million in its ongoing Series D round of funding from a consortium led by Women’s World Banking Asset Management. The Company plans to deploy the fresh capital to grow its co-lending business across the two-wheeler segment, expand its geographical footprint […]
31/08/2022

MedGenome Raises USD 50 Million To Expand Global Footprint, Scale Up SaaS Offerings

Bengaluru-based genomics research startup MedGenome has raised USD 50 Million as part of a strategic funding round led by life sciences investor Novo Holdings. The round also saw participation from other existing investors such as LeapFrog Investments and Sofina.
31/08/2022

B2B retail commerce platform Soptle raises funds led by Soonicorn LLP and a clutch of logistics leaders

Software as a service (SaaS) startup Soptle has raised an undisclosed angel round led by Soonicorn LLP, along with the participation of All-cargo Group’s executive director Vaishnav Shetty, logistics company Gati’s chief executive Pirojshaw Sarkari, and Zomato-acquired Fitso’s founder Saurabh Agarwal, among others.
31/08/2022

Bored Beverages raises over INR 2.5 Cr in seed round led by Inflection Point Ventures

Beverage brand Bored Beverages has raised INR 2.5 Cr in a seed round led by Inflection Point Ventures. WeFounder Circle’s founder Bhawana Bhatnagar, Soumya Kant of Clovia, Simba Beer’s founder Prabhtej Singh Bhatia and Dot In Network also participated in the funding round.
31/08/2022

Human Edge raises USD 1.5 Million from Bharat Innovation Fund, other investors

Wellbeing platform Human Edge has raised USD 1.5 Million in a round led by Bharat Innovation Fund. Lead Angels and Force Ventures and a few angel investors from Singapore, US, and India also invested in the round. Human Edge plans to use the fund to develop a mobile app. The […]
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