Archive News

19/08/2022

Fundamentum Partnership Raises USD 227 Million For Its Second Fund

Fundamentum Partnership, floated by Infosys co-founder Nandan Nilekani and Helion Ventures co-founder Sanjeev Aggarwal has raised USD 227 Million for its second early-growth stage fund . The fund will be backing 4-5 startups each year, it plans to lead or co-lead USD 25-40 Million rounds.
18/08/2022

Shiprocket Turns Unicorn, The First One In Nearly A Month

Logistics platform Shiprocket became the latest entrant in the much-coveted unicorn club after raising INR 260 Cr in fresh capital by existing investors Temasek Holdings and Lightrock India. The round pushed the company’s valuation to USD 1.2 Billion.
18/08/2022

PhysicsWallah Marks First Acquisition After Becoming Unicorn

Edtech unicorn PhysicsWallah backed by marquee investors like Westbridge and GSV Ventures, has acquired Jaipur-based doubt-solving and resource management startup, FreeCo for an undisclosed amount. This marks the Noida-based company’s first acquisition after turning unicorn in June
18/08/2022

Flipkart To Invest In 6 Early-Stage Startups Via Venture Arm

Walmart-owned Flipkart will be investing in six startups via its USD 100 Million venture fund, Flipkart Ventures. The six startups – Dopplr, Livwell, LogisticsNow, NeuroPixel.AI, Rightbot Technologies, and Sellerapp – will receive an equity investment of up to USD 500,000 from the e-commerce player. The investment will be a part […]
18/08/2022

Lending Platform Abhi Loans Raises Fresh Funding

KNAB Finance Advisors, a non-banking financial company has raised USD 4.5 Million in a mixture of debt and equity for its digital lending platform, Abhi Loans led by DMI Sparkle Fund and with participation from angel investors Niten Malhan, Ashvin Chadha and SK Jain.
18/08/2022

Axilor, Foundamental Lead Prolance’s Pre-Series A Round

Automation platform Prolance Services has raised USD 2 Million in Pre-Series A round led by Foundamental and Axilor. Other investors who participated in the funding mop-up include Arali Ventures and Force Ventures.
17/08/2022

Ankur Capital Invests In Agri Insurtech Startup IBISA’s Seed Round

Early-stage venture capital (VC) fund Ankur Capital has invested an undisclosed amount in Luxembourg-based agri insurtech startup IBISA’s seed funding round. Through this partnership, Ankur Capital aims to transform the scale of available parametric insurance options in countries like India, which have a vast addressable market.
17/08/2022

Ecommerce Solutions Provider Graas Raises USD 40 Million To Scale Operations, Ramp Up Hiring

Ecommerce solutions platform Graas has raised more than USD 40 Million as part of the first close of its Series A funding round. The round was led by venture capital (VC) firm Kejora-led special purpose vehicle (SPV) Galaxy, Performa, Integra Partners, Yuj Ventures and AJ Capital.
17/08/2022

Insurtech Startup MetaMorphoSys Raises Funding To Help Businesses Launch Insurance Products

Insurtech startup MetaMorphoSys has secured USD 3 Million in its Pre-Series A funding round led by Capital 2B along with angel investors–Pavitar Singh and Dhruv Dhanraj Behl. MetaMorphoSys will use the fresh capital to develop and scale its platform, expand product offerings and grow the sales team across geographies. It […]
17/08/2022

DMI Sparkle Fund Leads USD 4.5 Million Investment Round In Digital Lending Platform Abhi Loans

A regulated non-banking financial company (NBFC) registered with the Reserve Bank of India (RBI) has raised USD 4.5 Million in a mix of debt and equity rounds for its digital lending platform Abhi Loans. The funding round was led by DMI Sparkle Fund. The round also saw participation from other […]
17/08/2022

Nazara-Backed Rusk Media Bags USD 9.5 Million+ To Build UGC-Led Social Gaming Platform

Digital entertainment startup Rusk Media has raised over USD 9.5 Million in its follow-on Series A funding round led by Seoul-based DAOL Investment and Audacity Ventures. Existing investors–InfoEdge Ventures, Mistry Ventures and Survam Partners also participated in the round.
17/08/2022

Hot Sauce Firm Naagin Racks Up Seed Funding

Naagin, a fast-moving consumer goods (FMCG) startup in the hot sauce segment, has secured over USD 1 Million as a part of its seed funding round from actor Abhishek Bachchan, Eight Innovate Fund-I, and high-net-worth individuals. The Mumbai-based firm will deploy the fresh proceeds to expand its online and offline […]
17/08/2022

LC Nueva, Spiral Ventures, Others Back Car Warranty Platform Wisedrive

Bengaluru-based car extended warranty startup Wisedrive Technologies has secured USD 1 Million in a seed funding round led by LC Nueva Investment Partners with participation from Spiral Ventures and Bhavadeep Reddy (Co-founder of HousingMan.com).
17/08/2022

Ratan Tata Backs Social Issue-Focused Startup Helping The Elderly

Mumbai-based startup Goodfellows, which connects the elderly to youngsters willing to assist them as companions, has raised an undisclosed amount of seed funding from Ratan Tata, chairman emeritus of Tata Sons.
17/08/2022

Lightspeed Leads Funding Round In EV Charging Startup Exponent Energy

Electric mobility infrastructure startup Exponent Energy has raised USD 13 Million in a Series A round led by Lightspeed Venture Partners. The existing backers YourNest VC, 3one4 Capital and AdvantEdge VC also participated in the round.
17/08/2022

Stride Ventures Exceeds Second Fund Target, Raises USD 200 Million

Venture debt financing firm Stride Ventures has announced the final close of its second flagship fund to raise USD 200 million exceeding its target corpus. The sector-agnostic fund has debt investments in companies across consumer, fintech, agritech, B2B (business-to-business) commerce, health-tech, B2B SaaS, electric mobility and energy solutions (EV) sectors.
17/08/2022

Yes Bank Invests In Venture Catalysts, Bets On ‘Future Tech Businesses In India’

Private lender Yes Bank has invested an undisclosed sum in Venture Catalysts Group Funds. The lender said that the funds will be used by the venture capital firm to further its aim of supporting the future tech businesses of India and promoting innovation in the technology space.
16/08/2022

Neobank Startup Fi Pockets USD 16.8 Million Funding From Temasek, QCM Holdings

Neobank startup Fi has raised INR 134.1 Cr as part of its Series C funding round from V-Sciences Investment, an entity of Temasek, and existing investor QCM Holdings. Company is currently creating a digital layer over India’s banking ecosystem. It connects with banks thus, helping users to track their money […]
16/08/2022

Info Edge To Pump In INR 300 Cr In Subsidiary SIHL To Explore Investment Opportunities

Noida-based online classifieds company Info Edge on would invest INR 300 Cr in its wholly owned subsidiary Startup Investments (SIHL). SIHL will use the capital to explore other investment opportunities including contributions towards alternative investment funds (AIFs) managed by Info Edge-owned Smartweb Internet Services.
16/08/2022

Razorpay To Pick Up Controlling Stake In Ezetap

Digital payments solutions unicorn, Razorpay has agreed to pick up a controlling stake in Bengaluru-based payment solutions provider, Ezetap Mobile Solutions for USD 126 million in a cash-and-stock deal
16/08/2022

Matrix-Backed OTO Secures Venture Debt From Stride Ventures

OTO, an e-commerce platform and two-wheeler vehicle financier, has raised funding from venture debt firm Stride Ventures. The startup provides financing option for two wheeler buyers that requires customers to pay an upfront amount like any other loan but get up to 30% lower EMIs with an option to retain, […]
12/08/2022

Entrepreneur Nihar Parikh Sets Up USD 75 Million Fund To Back Early & Growth-Stage Healthtech Startups

Veteran entrepreneur Nihar Parikh has launched a USD 75 Million healthcare-focused fund 4Point0 Health Ventures to back Indian startups. 4Point0 Health Ventures will invest between USD 1-2 Million in early and growth-stage startups working in the healthcare segment
12/08/2022

Crypto Startup Carret Raises Funding, Eyes Expansion To Middle East, SEA

Crypto trading platform Carret has raised an undisclosed amount of pre-seed funding from a clutch of investors, including Polygon cofounder Sandeep Nailwal, former BlackRock executive Yan Wu, and Amesten Capital. Carret will use the funding to strengthen its operations and scale up the startup’s product and strategy verticals
12/08/2022

CleverTap To Raise USD 105 Million In Series D

CleverTap, a business-to-business (B2B) software-as-a-service (SaaS) platform for customer engagement and retention, has signed a definitive pact to raise 105 Million in its Series D funding round led by Canadian pension fund Caisse de dépôt et placement du Québec (CDPQ)
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