Archive News

14/11/2022

Yulu Bikes Rakes In USD 9 Million From US DFC

Yulu Bikes Pvt. Ltd, which operates e-mobility-based transport startup Yulu has secured loan of USD 9 Million from US government’s Development Finance Corporation (DFC). The Bengaluru-based firm will use the fresh funds to further boost its green mobility alternative.
14/11/2022

Ghost Kitchens Buys Ex-Capgemini Exec Floated Restaurant Chain

Foodtech startup Ghost Kitchens has acquired Kolkata-based restaurant chain Where’s The Food for an undisclosed amount in a share swap deal. With this buyout, Mumbai-based Ghost Kitchens aims to scale up its business operations, including partner scrutiny on-boarding process, inventory intelligence and finance reconciliations, among others
11/11/2022

Singaporean BPC Brand Ploughs USD 10 Million In Ahmedabad-Based Iba Cosmetics

Clean beauty platform Iba Cosmetics has secured USD 10 Million from Singapore-based beauty and personal care products company Believe Pte Ltd, in a Series B capital raise. The Ahmedabad-based startup will use the fresh funds to expand its geographical footprint and brand scale up.
11/11/2022

Automovill has raised INR 2.15 Cr funding round led Inflection Point Ventures

Mobility solution provider Automovill has raised INR 2.15 Cr as a part of its pre-Series A funding round led by angel network Inflection Point Ventures. The startup will use the fresh funds to expand its marketing and operations as well as product portfolio.
11/11/2022

Amagi Raises Over USD 100 Mn At USD 1.4 Billion Valuation

Media technology startup Amagi has secured over USD 100 Million in a fresh raise from global private equity firm General Atlantic, taking the company’s valuation to USD 1.4 Billion. The Bengaluru-based firm plans to use the fresh funds to strengthen its support infrastructure for customers and invest in artificial intelligence-driven […]
11/11/2022

Alpha Wave, Aspada, Others Back Healthcare Startup Even

Even Healthcare has raised USD 15 Million from Alpha Wave and Aspada. The new investors will join existing investors Khosla Ventures, Founders Fund, Lachy Groom, Palo Alto Networks chief Nikesh Arora, Cred CEO Kunal Shah, and DST Global partner Tom Stafford.
10/11/2022

Bold Finance Bags Seed Fund From Kae Capital, Others; To 3X Its Gold Loan Partners

Fintech startup Bold Finance has raised a seed funding of USD 1.5 Million in a round led by Kae Capital. The funding round also saw participation from existing investors Antler India and Uni Cards’ Nitin Gupta, Stride Venture’s Ishpreet Gandhi McKinsey’s Shashikant Dola, Avail Finance’s Tushar Mehndiratta, ITC PSPD’s Vadiraj […]
10/11/2022

Garuda Aerospace Raises USD 5 Million To Build Advanced Drone Solutions For Armed Forces

Drone startup Garuda Aerospace has secured USD 5 Million in funding from a large infra-development company, a group of HNI and angel investors from India, UAE and Singapore. The startup will utilize the funds to build advanced drone solutions for the armed forces in collaboration with global giants from the […]
10/11/2022

Chiratae Ventures Leads Seed Round For Skye Air Mobility

Drone company Skye Air Mobility has raised USD 1.7 Million in a seed round, led by Chiratae Ventures. The round also saw participation from Lead Angels, O2 Angels, Agility Ventures, Lets Venture and several investors, including Rajeev Chitrabhanu, Ankit Nagori, Varun Alagh, Gautam Badalia, Ayush Lohia and others.
10/11/2022

Goa Brewing Co Raises Fresh Funds In Top-Up Round

The Goa Brewing Company has raised a round of USD 700,000 from marquee investors including K. Ganesh, a serial entrepreneur, and promoter of BigBasket; Samrath Bedi, executive director of beauty brand Forest Essentials; and members of Ekcle Ventures, an angel network. Saama Capital and DSG Consumer Partners had invested in […]
10/11/2022

HDFC Capital Invests In Fintech Startup Monsoon CreditTech

Fintech startup Monsoon CreditTech has raised an undisclosed amount in a funding round led by HDFC Capital, along with the participation of several existing and new investors including The Sparkle Fund by DMI Alternative Investment Fund and US-based Top Shelf Equity Partners. Angel investors such as Vellayan Subbiah and Akash […]
10/11/2022

Consumer Hardware Startup Up Raises Pre-Seed Funding

Up, a consumer hardware startup, has raised USD 500,000 as part of its pre-seed funding from Nithin Kamath-led Rainmatter. The funds raised from the pre-seed round will be used to execute the go-to-market strategy of the company’s first product delishUp. The device features a touch screen with unlimited guided recipes, […]
10/11/2022

Lets Venture, SucSEED, Others Invest In Spintly

Spintly, SaaS (software as a service)-based physical access control and smart buildings-focused startup, has raised USD 2.5 Million in a pre-series A round of funding from Lets Venture and Accel Nest. The round saw participation from Sucseed Indovation, RiSo Capital, Defang Technology, 91 Ventures, Kyto Technology and Life, and other […]
09/11/2022

Nexus Venture Partners Backs US-Based Doola

US-based fintech player Doola, operated by Distributed Inc raised USD 8 Million in a funding round led by Nexus Venture Partners. The round also saw participation from the Y Combinator Continuity Fund, HustleFund, Chris Adelsbach, Sahil Bloom, Alex Cohen, Bart Macdonald, Vibe Capital, among others.
09/11/2022

Pi Ventures Raises Funds From BII For Second Fund

Early-stage venture fund pi Ventures has raised USD 8 Million from UK’s development finance institution and impact investor, British International Investment (BII), for its second fund.The fund – primarily an investor in artificial intelligence (AI) and deeptech – expects to invest in about 20–25 startups.
09/11/2022

Clove Dental Snags Series D Funding Led By Investcorp

Indian dental chain Clove Dental raised INR 545 Cr in a series D round, led by global alternate investment firm Investcorp. The round also saw participation from Tybourne Capital and SeaLink Capital Partners apart from some new and existing shareholders, according to a press statement.
09/11/2022

Kneady has raised from Dubai-based 1Digi Investment management firm

Business-to-business (B2B) e-commerce firm Kneady has raised an undisclosed amount from Dubai-based 1Digi Investment management firm, the family office of Raghunath Subramanian, Global CEO, Actyv.ai. The startup will deploy the fresh proceeds to ramp up its e-commerce portal with more product categories.
09/11/2022

QubeHealth has secured an pre-series A round co-led by US-based venture capital firm New Horizon Ventures

Healthtech startup QubeHealth has secured an undisclosed amount in a pre-series A round, co-led by US-based venture capital firm New Horizon Ventures and Singaporean investment firm ThinKuvate, with existing investor Keiretsu Forum. The fundraise also saw participation from Axiomatic Ventures, Inflection Point Ventures and other angel investors from India and […]
09/11/2022

Omidyar, Others Infuse USD 10 Million In Masai School

Jobtech startup Masai School has secured Series B funding of USD 10 illion led by Omidyar Network India and existing investors India Quotient, Unitus Ventures and Alteria Capital. The round also saw participation from cricketer Mithali Raj and footballer Bhaichung Bhutia.
09/11/2022

HR Tech Startup Keka Bags USD 57 Million From WestBridge Capital

Hyderabad-based HR management startup Keka has raised USD 57 Million in its Series A funding round led by Westbridge Capital. Keka allows SMEs to automate crucial HR functions such as payroll, recruiting, leave and attendance and performance management
09/11/2022

Quona Closes Third Fund, Exceeds Target Corpus

Venture capital firm Quona Capital announced the final close of its third fund at USD 332 Million, exceeding the targeted corpus of USD 250 Million. The fund will focus on investments in fintech and adjacencies of the fintech space, encompassing firms and businesses that are expanding access to financial services […]
08/11/2022

Chiratae Marks First Close Of Debut Growth Fund

Early-stage technology-focused venture capital firm Chiratae Ventures has made the first close of its debut growth fund at USD 92 Million that will be used to invest solely in growth-stage startups. It aims to invest in Series C and beyond growth stage funding rounds in SaaS, healthtech, fintech, consumer tech, […]
08/11/2022

Beenext, Jafco Asia, Others Back Gaming Marketplace Driffle

Driffle, a digital gaming marketplace, raised USD 3.4 Million in a seed round led by Beenext. Driffle aims to make online gaming accessible, affordable and safer for gamers globally. The team will invest the funds in hiring, and strengthening its tech infrastructure, and product development.
07/11/2022

Blockchain Startup Dhiway Secures Fund From Cornerstone Venture, Others

Bengaluru-based blockchain startup Dhiway has raised pre-seed funding of USD 1 Million from Cornerstone Venture Partners fund, Sunicon Ventures, and other existing shareholders. Dhiway builds data interchange systems and enables companies to deploy governance frameworks to sustain these as sustainable digital assets. The firm will use the fresh funds for […]
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