Archive News

07/10/2022

Citi Ventures, Accel Invest In Digital Asset Manager Xalts

Citi Ventures and venture capital firm Accel announced an investment of USD 6 Million in xalts, an institution-focused digital asset management and technology firm founded by former HSBC and Meta executives. Following this investment, xalts plans to develop fund-based products including mutual funds or exchange-traded funds listed on global exchanges, […]
07/10/2022

Vanity Wagon Raises Fresh Funding In Round Led By Agility Venture

Clean beauty marketplace Vanity Wagon raised USD 2 million in a pre-Series A round, led by Agility Ventures Partners and Lotus Herbals. The round also saw participation from Inflection Point Ventures, Venture Catalysts, and some high net-worth individuals (HNIs)
06/10/2022

IPO-Bound Ecom Express Raises USD 39 Million From Warburg Pincus, Partners Group

IPO-bound logistics startup Ecom Express has raised USD 39 Million in funding from Warburg Pincus, CDC Group and Partners Group. The fresh round was led by PG Esmeralda Pte Ltd, which infused USD 29 Million
06/10/2022

Home healthcare startup Humors Tech raised INR 54 Lakhs in a pre-seed funding round led by We Founder Circle

Home healthcare startup Humors Tech raised INR 54 Lakhs in a pre-seed funding round led by We Founder Circle. The Bangalore-based healthtech startup plans to use the funds, raised through EvolveX, a global accelerator programme run by We Founder Circle
06/10/2022

BimaKavach has raised USD 2 Million in a seed funding round led by WaterBridge Ventures

Indore-based business insure-tech startup BimaKavach has raised USD 2 Million in a seed funding round led by WaterBridge Ventures, along with investments from Blume Ventures, Arali Ventures, and Eximius Ventures. The startup plans to utilize these funds to invest in its proprietary risk management technology, design new-age business risk covers […]
06/10/2022

Amazon Makes First Venture Fund Bets With USD 150 Million For Underrepresented Founders

Amazon.com Inc is investing in outside venture capital funds for the first time. The online retailer said it is aiming to put money into more than 10 funds supporting some 200 companies at or before the seed stage of investment, through 2023. It is focused on Black, Latino, female, Indigenous […]
06/10/2022

Miko Acquires Majority Stake In AI Gaming Startup

Miko, an AI robot maker for kids acquired a 70% stake in gaming platform Square Off for an undisclosed sum. The acquisition will allow a complete exit for Square Off’s existing investors; however, the startup’s leadership is expected to stay onboard post the acquisition
06/10/2022

Real Time Angel Fund Launches INR 100 Cr Fund

Early-stage investor Real Time Angel Fund (RTAF) announced the launch of its INR 100 Cr fund. The fund will invest in pre-seed to pre-series startups with a ticket size of INR 1 Cr per startup over the next five years.
06/10/2022

Waaree Engineers Raises INR 1,000 Cr

Solar panel manufacturer Waaree Energies Ltd has raised nearly INR 1,000 Cr from high net-worth individuals and family offices to expand production capacity for solar modules and foray into solar cell manufacturing
06/10/2022

SphitiCap Launches Maiden Early-Stage Fund

Sector-agnostic early-stage fund SphitiCap on Tuesday launched its maiden venture fund with an aim to raise a corpus of around USD 500 Million, targeting enterprises focused on sustainability, growth and impact.
04/10/2022

Bessemer Leads Seed Round In SaaS Startup Zenskar

SaaS startup Zenskar has raised USD 3.5 Million in a seed funding round led by Bessemer Venture Partners, with participation from Shine Capital, Basecamp Fund and Converge. The New York and Bengaluru-based startup will use the funds to invest in engineering talent, accelerate product development and advance their go-to-market initiatives.
04/10/2022

GIC leads USD 27 Million round in Euler Motors

Electric vehicle startup Euler motors raised USD 27 Million led by Caladium Investments (GIC Ventures). Following the investment, Caladium Investments holds 14.83% of Euler while existing investors QRG Investments command 7.70%.
03/10/2022

Aarav Solutions Acquires AI Startup Froot Research For USD 4 Million

Ahmedabad-based IT company Aarav Solutions has acquired AI startup Froot Research for USD 4 Million. With this acquisition, Aarav will expand in the AI space and also launch AI-related products and platforms. The acquisition will further help Aarav tap into deep research-based work done by IITs, NITs and MIT, and […]
03/10/2022

Crypto-Native Banking Platform Juno Raises USD 18 Million To Launch Tokenised Loyalty Programme

Bengaluru-based crypto-native banking platform Juno has raised USD 18 Million in a Series A funding round led by ParaFi Capital’s Growth Fund. Hashed, Jump Crypto, Uncorrelated Fund, Greycroft, Mithril, Antler Global, 6th Man Ventures and Abstract Ventures also participated in the funding round as well.
03/10/2022

Mufin Green Finance Raises Series A Funding

Listed non-banking financial company (NBFC) Mufin Green Finance has raised INR 45 Cr in a Series A funding round from Incofin India Progress Fund (IPF). Company is planning to disburse income-generating loans worth INR 5,000 Cr in the next 5 years
03/10/2022

Hummingbird Ventures Leads Seed Funding Round In Vance

Cross-border neobanking platform Vance has raised USD 5.8 Million in a seed funding round led by Hummingbird Ventures. The round also saw participation from Global Founders Capital, YCombinator, Soma Capital and seasoned angels such as Alan Rutledge and Gokul Rajaram.
03/10/2022

Listed U Gro Capital Raises Funding Via ECB Route

Listed-fintech lending platform U Gro Capital Ltd has raised USD 5 Million via external commercial borrowings (ECB) from Liechtenstein-based EMF Microfinance Fund, AgmvK. U Gro Capital plans to use the funds to extend credit to underserved business sections, the company said in a release.
30/09/2022

HCL Acquires Majority Stake In Vernacular Edtech Platform GUVI

IT giant HCL Group has acquired a majority stake in vernacular edtech platform GUVI. However, it didn’t disclose the acquisition cost. With this acquisition HCL aims to ensure that technology aspirants have ease of access to learning and upskilling via holistic courses in the native language
30/09/2022

Supply Chain Visibility Startup FourKites Raises USD 10 Million From Mitsui & Co

Chicago and Chennai-based supply chain visibility startup FourKites has received a USD 10 Million investment from Mitsui & Co., Ltd., a Japanese conglomerate. The investment comes as part of an ongoing strategic relationship between the two companies. The Japanese conglomerate is looking to invest more resources to expand the startup’s […]
30/09/2022

Kidswear brand Kidbea raises undisclosed sum in funding led by Agility Ventures

Noida-based kidswear brand Kidbea has raised INR 1.5 Cr as a part of its pre-seed funding round led by Agility Ventures, with participation from individual investors including Nandi Mehta (CFO of Kaaf Funds), Tapas Sahu (Chairman of the CII in Jharkhand) and Divij Bajaj (founder of Power Gummies), among others.
30/09/2022

Preimage Bags Funding To Revolutionise 3D Digital Reconstruction Market

Preimage Private Limited, a cloud-based 3D reconstruction firm has secured seed funding of USD 1.7 Million from pi Ventures, Better Capital, Java Capital, and a clutch of angel investors. The startup plans to deploy the fresh capital to scale its team across business verticals and roll out products for drone-based […]
30/09/2022

JetSynthesys Makes First Meta Bet; Earmarks USD 50 Million To Invest In Next Three Years

Gaming firm JetSynthesys has bought Bengaluru-based Web3 product studio Metaphy Labs for an undisclosed amount, marking its first acquisition in the metaverse. With this acquisition JetSynthrsys aims to facilitate metaverse experience by providing ‘metaverse as a service’ (MAAS) to brands, helping them build their own virtual worlds, replete with meta […]
29/09/2022

Bollywood Actress Dia Mirza Backs Sustainable Clothing Brand Greendigo

Bollywood actress Dia Mirza has invested in a sustainable baby apparel brand Greendigo. With this, Mirza has formed a strategic relationship with the apparel startup besides joining the brand as its ambassador. Greendigo will use the funds to invest in its tech infra, brand building and marketing activities.
29/09/2022

Meesho Raises USD 192 Million From Parent Entity Amid Festive Season Sale

Social commerce startup Meesho has received USD 192 Million from its parent entity, Meesho Inc amid the festive season sale. The latest fundraise comes just a year after Meesho raised USD 570 Million in a round led by Fidelity Management and B Capital Group in September last year.
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