Archive News

08/06/2022

Healthtech Unicorn Pristyn Care Enters Primary Healthcare With Acquisition Of Ratan Tata-Backed Lybrate

Healthtech Unicorn Pristyn Care has acquired New Delhi-based healthcare startup Lybrate for an undisclosed amount. With the acquisition, Pristyn Care will expand its healthcare offerings and begin providing primary healthcare services to its patients
08/06/2022

Anicut Capital Marks First Closure Of Its Opportunities Fund; Will Invest In Growth-Stage Startups

Investment management firm Anicut Capital has raised INR 110 Cr, marking the first closure of its INR 500 Cr Anicut Opportunities Fund I. The sector-agnostic fund will invest USD 2-5 Million in 10-15 growth-stage startups in the next two years
08/06/2022

PhysicsWallah joins unicorn club with USD 100 Million maiden fundraise

PhysicsWallah, an edtech platform for engineering and medical entrance exams has raised a USD 100 Million in funding round from Westbridge and GSV Ventures. With this development, the firm has become India’s 101st unicorn and the first edtech player this year to touch the coveted unicorn club
07/06/2022

Ivy Homes Raises USD 7 Million To Make Property Selling Process Easy For Homeowners

Proptech startup Ivy Homes has raised USD 5.75 Million in equity and USD 1.3 Million in debt in a seed round funding which saw participation from marquee investors such as Khosla Ventures, Venture Highway, Y Combinator, GFC, Foundamental, Better Capital and Titan Capital.
07/06/2022

Content Startup Text Mercato Raises Funding To Launch DIY Platform For Small Brands

Content technology and cataloguing platform Text Mercato has raised USD 2.6 Million in its pre-Series A funding round, which was an equity round. The round was led by 1Crowd, Mount Judi Ventures and Innospark Ventures. It also saw participation from Modulor Capital, Tremis Capital and ah! Ventures.
07/06/2022

Biotech Startup Zaara Biotech Bags Funding To Set Up Manufacturing Facility & Research Centres

Biotech startup Zaara Biotech has raised funding from the US-based Transcend International. The funds will be used to set up an algal seaweed technology facility in the US. Besides, Zaara will also set up an algal seaweed culturing facility and a research center for photobioreactors in the US.
07/06/2022

MS Dhoni Invests In Drone Startup Garuda Aerospace, Joins As Brand Ambassador

Cricketer Mahendra Singh Dhoni has invested an undisclosed amount in the Chennai-based drone startup Garuda Aerospace. He has also joined the startup as a brand ambassador.
07/06/2022

Fintech FlexiLoans raises USD 90 Million from Fasanara Capital, MAJ Invest, others

MSME fintech lender FlexiLoans Technologies has raised USD 90 Million in a Series B funding round in a mix of equity and debt from Fasanara Capital, MAJ Invest, and Caravel Group chairman Harry Banga’s family office. Existing shareholders including KKR’s Sanjay Nayar also participated in the round.
06/06/2022

ByteDance Offloads Stake In Josh Parent VerSe, Exits At 56% Discount

Chinese internet giant ByteDance has exited vernacular news aggregator Dailyhunt and short-video app Josh, at a discount of 56%. The TikTok owner sold its stake in VerSe via a secondary deal to existing investors which included Ontario Teachers’ Pension Plan (OTPP) and Canada Pension Plan Investment Board (CPPIB)
03/06/2022

Enterprisetech Unicorn GupShup Marks Its 4th Acquisition In 5 Months, Buys OneDirect

Enterprise tech unicorn Gupshup has acquired AI-enabled customer engagement platform OneDirect in an all-cash deal. As part of the deal, OneDirect’s founders and employees will be joining Gupshup. With this acquisition, Gupshup will strengthen its offerings by adding OneDrive’s agent assist solution to its suite.
03/06/2022

Healthcare equipment maker Accumax raises USD 68 Million from Creador, InvAscent

Private equity firms Creador and India Life Sciences Fund have invested USD 68 Million in Ahmedabad-based Accumax Lab Devices, an export-focused manufacturer of laboratory consumables and benchtop equipment.The funds will be used to expand Accumax’s footprint across the globe.
03/06/2022

LC Nueva, Lets Venture, others back used-car leasing firm PumPumPum

Car leasing startup PumPumPum has secured equity funding of USD 2 Million from LC Nueva Investment Partners, Founder’s room capital, Lets Venture, Nazaara founder Manish Agarwal, and Uday Sodhi. The firm plans to use the fresh capital to further grow its platform.
03/06/2022

Saudi Arabia’s Abdul Latif Jameel to invest up to USD 220 Million in Greaves Electric Mobility

Saudi Arabia-based family-owned global investor Abdul Latif Jameel has committed to invest up to USD 220 Million in two-to-three-wheeler mobility company Greaves Electric Mobility. Company will use the fresh capital for investment in new products, associated technologies, and marketing
03/06/2022

Venture Catalysts, IPV, others invest in ruraltech startup Hesa

Telangana-based rural tech startup Hesa has raised USD 2.3 Million in a pre-Series A funding round led by Venture Catalysts and also saw participation from Venture Catalysts US Chapter, angel networks Faad, IPV, and WFC, and other angel investors
03/06/2022

Curefoods mops up USD 50 Million in Series C round

Curefoods, a cloud kitchen startup has raised USD 50 Million in a Series C funding round from a mix of new and existing investors.The startup will use the fresh capital to expand its existing brands in new geographies and acquire new brands
02/06/2022

Bellatrix Aerospace Raises USD 8 Million To Test Its Space Propulsion Technologies

Spacetech startup Bellatrix Aerospace has raised USD 8 Million in its Series A funding round led by BASF Venture Capital GmbH and Inflexor Ventures and also saw participation from StartupXseed, Pavestone Capital, Mankind Pharma family office, Survam Partners and Karsemven Fund.
02/06/2022

Eloelo Raises USD 13 Million For Its Creator-Led Live Social Video Platform

Eloelo has raised USD 13 Million in a Series A funding round led by KB Investments and Kalaari Capital and also saw participation from existing investors such as Waterbridge Ventures and Lumikai Fund, as well as venture capital (VC) firms Convivialité Ventures and Rocket Capital.
02/06/2022

Fintech unicorn Slice snags USD 50 Million in Series C led by Tiger Global

Fintech unicorn Slice has raised USD 50 Million in a Series C funding round led by existing investor Tiger Global and also saw participation from new investor GMO Venture Partners and other existing investors Moore Strategic Ventures and Insight Partners
02/06/2022

Cuemath raises USD 57 Million led by Alpha Wave, valuation doubles to USD 407 Million

Online math tutoring platform Cuemath has raised USD 57 Million in a funding round led by Alpha Wave and also saw participation from existing investors Lightrock India, Sequoia Capital India, Alphabet independent growth fund CapitalG, Manta Ray, and Unitus.
02/06/2022

Bertelsmann, General Catalyst co-lead USD 25 Million Series B round in Orange Health

Healthtech startup Orange Health has secured a Series B funding of USD 25 Million co-led by Bertelsmann India Investments and General Catalyst & also saw participation from existing investors like Accel, Y Combinator, Good Capital, and Uncorrelated Ventures.
02/06/2022

Accel-backed Spyne buys photography service provider Travographer

Eventila Technologies which runs an AI-based business photography firm Spyne has acquired photography service provider Travographer for an undisclosed sum. Spyne plans to onboard over 100 employees across technology, marketing, and sales in the next quarter
02/06/2022

MoEngage bags USD 77 Million cheque from Goldman Sachs, B Capital

MoEngage, customer analytics and cross-channel engagement platform has raised USD 77 Million in its Series E round of funding led by Goldman Sachs and B Capital. The company’s existing investors Steadview Capital, Multiples, Eight Roads Ventures, and Matrix Partners India also participated in this round.
02/06/2022

Dvara E-Dairy racks up pre-Series A capital from Axilor, Dvara Venture

Agri-fintech firm Dvara E-Dairy Solutions has raised pre-Series A funding of USD 2 Million from Axilor and Dvara Venture Studio, an initiative of Dvara Holdings.The platform plans to use the fresh funds to expand into newer geographies, scale up operations and invest in technology
02/06/2022

Israel-based startup Coralogix raises USD 142 Million, to expand India presence

Israel-based data SaaS startup Coralogix has raised USD 142 Million in a Series D funding round co-led by Advent International and Brighton Park Capital & also saw participation from Revaia and existing investors Greenfield, Red Dot Capital,O.G. Tech, StageOne Ventures, Joule Growth Partners and Maor Investments.
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