Archive News

22/06/2020

Sequoia-backed auto maintenance startup raises funding from Pawan Munjal

Targetone Innovations, which operates automobile maintenance and servicing startup GoMechanic, has raised an undisclosed funding from Pawan Munjal, the managing director and chief executive officer of Hero MotoCorp.  
22/06/2020

Aavishkaar Capital bets more on Indonesian furniture retailer Fabelio

PT Tiga Elora Nusantara, which operates Indonesian omnichannel furniture retailer Fabelio, has raised USD 9 million in Series C funding round led by Taiwanese venture capital firm AppWorks.  Endeavour Catalyst and MDI Ventures, which is backed by Indonesian conglomerate Telkom Group, also invested, apart from existing backer Aavishkaar.  
18/06/2020

Bharti Airtel acquires strategic stake in kids learning startup Lattu Kids

Bharti Airtel, has acquired a strategic stake in edtech startup Lattu Media Pvt Ltd (Lattu Kids) as part of the Airtel Startup Accelerator Program.  
18/06/2020

A91 Partners invests INR125 crore in spice and condiments maker Pushp

Indore-based spices and condiments brand Pushp has raised INR 125 crore from A91 Partners, the private equity fund’s sixth investment since it was founded last year.  
18/06/2020

Sequoia India signs Series A cheque for Philippine neo-bank Tonik

Tonik Financial Pte Ltd, which operates the Philippines-based neo-bank Tonik, has raised USD 21 million in a Series A funding round led by Sequoia Capital India and US-based Point72 Ventures. Other investors that participated in the funding round include existing backers such as Insignia and Credence.  
18/06/2020

Venture Catalysts, former Castrol Asia head invest in robotics startup Peppermint

Aubotz Labs Pvt. Ltd, which operates industrial robotics startup Peppermint, has raised an undisclosed seed funding from startup incubator and accelerator Venture Catalysts and former Castrol Asia head Naveen Kshatriya.  
17/06/2020

Rural fintech startup Jai Kisan raises INR 30 Crore in Pre-Series A from Arkam Ventures, NABVENTURES, and others

Mumbai-based rural fintech platform Jai Kisan, has raised INR 30 crore in the Pre-Series A round of funding led by Arkam Ventures, with participation from NABVENTURES Fund I. Existing investors such as Blume, Prophetic Ventures, and Better Capital also participated in the round.  
17/06/2020

Biotech startup Biomoneta raises undisclosed round, will take germicidal tech to market

Bengaluru-based biotech startup Biomoneta has raised an undisclosed round of funding from Beyond Next Ventures (BNV) along with ArthaVida Ventures, and IVF specialist and angel investor, Dr Aniruddha Malpani.  
17/06/2020

Cricketer Shikhar Dhawan invests in yoga-based startup SARVA

SARVA, a yoga-based wellness startup, has raised an undisclosed amount of funding from ace cricketer and entrepreneur Shikhar Dhawan.  
17/06/2020

Agri-tech startup Agro2o raises funding from Mumbai Angels Network

New Delhi based Concinnity Agro2o, which owns and operates an eponymous agri-tech startup, has raised an undisclosed sum in a bridge funding round, dubbed pre-seed, from Mumbai Angels Network.  
17/06/2020

Beenext raises USD 110 million fund to invest in India, Southeast Asia

Singapore-based venture capital firm Beenext, has raised USD 110 million  for a fund aimed at startups in India and Southeast Asia. The India and Southeast Asia-focused fund aims to invest about 50% of the raised amount in Indian startups. The fund will seek to invest in early-stage startups in the […]
16/06/2020

Logistics startup LetsTransport raises INR 10 Crore from Stride Ventures

Venture debt fund Stride Ventures, has invested INR 10 crore in Bengaluru-based LetsTransport, an aggregator for fulfilling intra-city last-mile deliveries for enterprise customers.  
16/06/2020

Nexus leads USD 18-m round at Jiffy.ai

Palo Alto-based enterprise automation platform Jiffy.ai has raised USD 18 million in Series-A funding led by Nexus Venture Partners along with participation from Rebright Partners, W250 Venture Fund and a group of C-level executives from Atlassian, Costco, among others.  
16/06/2020

Artha India Ventures bets on Israeli startup offering Covid-19 diagnosis solutions

Israel-based Binah.ai Ltd, a startup that provides contactless healthcare applications, has raised funding from Artha India Ventures.  
16/06/2020

Actor Suniel Shetty invests in edtech arm of Sai Estate Consultants

The edtech arm of Sai Estate Consultants Chembur Pvt. Ltd has raised an undisclosed funding from actor-producer and entrepreneur Suniel Shetty.  
16/06/2020

Ed-tech startup Edvizo gets seed funding from Inflection Point Ventures

Edvizo Media Pvt. Ltd, an education-technology startup that acts as a marketplace for competitive exam institutes, has raised INR 1.14 crore in seed funding from Inflection Point (IP) Ventures.  
15/06/2020

Ekcle Ventures, others pour out seed funding for cocktail brand Jimmy’s

Indian cocktail brand Jimmy’s Cocktails, has raised INR 2.64 crore in seed funding led by Ekcle Ventures. Vidur Talwar, managing director at Mercedes-Benz T&T Motors, and Angad Bhatia, operations chief of Indiatimes Lifestyle Network, also participated in this funding round.  
15/06/2020

Sequoia’s Surge, Nexus lead seed funding in expense management startup Quolum

Quolum Inc., a startup focussed on expense management tools for software-as-a-service subscriptions, has raised USD 2.75 million in a seed funding round. The round has been led by Sequoia Capital accelerator Surge and Nexus Venture Partners.  
12/06/2020

Wipro ventures invests in Yugabyte, plans to take its open source SQL database to its clients

Wipro Ventures, the venture arm of Wipro has participated in USD 30 million investment in Yugabyte, a open source database company and plans to take the product to its over 1000 clients globally. The funding was led by 8VC with existing investors Lightspeed Venture Partners and Dell Technologies Capital participating […]
12/06/2020

Nexus leads Series A funding in enterprise automation startup JIFFY.ai

JIFFY.ai, the US and -India based enterprise automation startup, has raised USD 18 million  in its Series A funding round led by Nexus Venture Partners. Rebright Partners and W250 Venture Fund also participated in this funding round.  
12/06/2020

Wipro Ventures bets on cloud-focussed security platform CloudKnox

Wipro Ventures, the corporate investment arm of multinational information technology services firm Wipro Ltd, has invested an undisclosed amount in CloudKnox Security Inc, a US-based cloud security-focused company.    
12/06/2020

Nexus-backed Postman snags Series C funding at USD 2 billion valuation

Postman Inc., which operates an eponymous application programming interface (API) testing platform, has raised USD 150 million in a Series C round of funding led by Insight Partners. Existing investors CRV and Nexus Venture Partners also put in fresh money.  
12/06/2020

Myelin Foundry raises funding from Infosys co-founder’s family office

Myelin Foundry Pvt. Ltd, which operates an eponymous deep technology startup focussed on streamlining content creation, has raised funding from Pratithi, the family office of Infosys co-founder Kris Gopalakrishnan.  
11/06/2020

Microsoft’s M12 Fund Sets Up India Office For Growth-Stage Investments

Microsoft venture fund, M12, has set up an office in Bengaluru to bolster fundraising and partnership opportunities for Indian growth stage startups Series A to Series C.  
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