Archive News

18/07/2022

Ex-Uber exec Amit Jain’s new Web3 venture raises USD 25 Million led by Sequoia

Amit Jain – who recently quit as a managing director at Sequoia Capital India – has raised about USD 25 Million for his new venture, named Zamp. The round, led by Sequoia Capital and a clutch of high-profile individual investors, values Jain’s startup at almost USD 160 Million
18/07/2022

Ex-Google exec, Saama Capital, others back fashion discovery platform Shouto

Shouto Technologies which runs fashion discovery firm Shouto has secured pre-seed funding of USD 1.6 Million led by Saama Capital, with participation from Amit Singhal (former head of search at Google), Whiteboard Capital and Arjun Vaidya (Founder of Dr. Vaidyas), among others
15/07/2022

MediBuddy Acquires Healthtech Startup Clinix To Expand Reach In Rural India

Healthtech startup MediBuddy has acquired rural India-focused online consultation platform Clinix for an undisclosed amount. The deal will enable MediBuddy to further expand its reach in non-metro areas of the country. MediBuddy will leverage Clinix’s network across 20 Tier-2, 3 cities to increase its user base and further scale their […]
15/07/2022

ZKX Raises Seed Funding To Simplify Crypto Trading For Mobile-Friendly Markets Like India

Web3 startup ZKX has raised USD 4.5 Million in seed funding from StarkWare, Alameda Research, Amber Group, Huobi, Crypto.com and others. The Dubai-based startup plans to enter emerging markets, including India, with its decentralised exchange that is currently under development and expected to be launched in the fourth quarter of […]
15/07/2022

Ronnie Screwvala-led Upgrad buys recruitment firm Wolves India

Upskilling unicorn Upgrad has acquired Bengaluru-based recruitment and staffing platform, Wolves India for an undisclosed sum. Founded in 2016, Wolves India specializes in placing tech talent across startups, along with mid and large-sized organizations in India and overseas.
15/07/2022

OneCard becomes unicorn after USD 100 Million round

Credit card startup OneCard’s parent FPL Technologies has raised USD 100 Million in a Series D round led by Singapore-based Temasek Holdings, making it the latest entrant into the much-coveted unicorn club. The round also saw participation from Matrix Partners, QED Investors, Hummingbird Ventures, Sequoia Capital, and Sarv Investments.
15/07/2022

Agritech startup Faarms pockets USD 10 Million in funding

Faarms, an agritech startup has raised USD 10 Million in the latest round of funding from a clutch of individual investors. The Bengaluru-based startup has raised funding from serial entrepreneur Dr Cornelius Boersch and Singaporean angel investor Koh Boon Hwee.
15/07/2022

Y Combinator, Khosla Ventures back fintech startup Swadesh

Cross-border fintech platform Swadesh Digital has secured pre-seed funding of USD 2.25 Million from Y Combinator, Khosla Ventures, 8VC and Section 32. The company plans to use the fresh capital to onboard more customers and boost product suite of NRI-focused financial products
15/07/2022

Mental health startup Wysa snags Series B funding from HealthQuad, BII, others

Mental health platform Wysa has raised USD 20 Million as part of its Series B funding round led by venture capital firm HealthQuad. UK’s British International Investment and existing investors W Health, Kae Capital, Google Assistant Investments and pi Ventures also contributed to the funding round
15/07/2022

Prosus leads USD 28 Million round in AI-based SaaS startup Detect Technologies

Detect Technologies, an artificial intelligence-based SaaS startup, has raised USD 28 Million in a Series B round led by Prosus Ventures. The round saw participation from existing investors Accel and Elevation Capital, Shell Ventures, Bharat Innovation Fund and BlueHill Capital.
15/07/2022

Fintech SaveIN racks up fresh seed fund from Bayhouse Capital, others

Healthcare-focused fintech startup SaveIN has raised fresh funding as part of its two seed rounds from existing investors Guernsey-based Bayhouse Capital and 10X Group founders.
15/07/2022

5ire raises USD 100 Million in Series A

Level-1 blockchain network, 5ire, has raised USD 100 Million at a valuation of USD 1.5 Billion in a Series A round of funding from UK-based conglomerate SRAM & MRAM Group, becoming India’s 105th unicorn and 20th in this calendar year.
14/07/2022

Rocketship.vc Raises USD 125 Million In First Close Of Third Fund

The Silicon Valley-based venture capital firm Rocketship.vc has raised USD 125 Million in the first close of its third fund. Rocketship.vc will continue to invest in Indian startups. The vc firm also plans to use the remaining capital from the second fund to deploy the same for follow-on investments in […]
14/07/2022

Indian Cricketer Smriti Mandhana Backs D2C Startup Neem Ayu

Indian Women Cricket team’s vice-captain Smriti Mandhana has invested an undisclosed sum in Gurugram-based ayurvedic startup brand Neem Ayu. The startup will use the funds to grow its PAN India presence and expand product offerings.
14/07/2022

Cloud Dental Software Startup CareStack Closes Investment From Straumann Group

India and US-based cloud dental software startup CareStack has closed a strategic equity investment round and commercial partnership with the Swiss dental devices manufacturer Straumann Group. The deal amount is undisclosed so far.
14/07/2022

Credit Card Infra Startup Hyperface Bags USD 9 Million From 3one4 Capital, Others

Hyperface, a credit card-as-a-service startup has announced its USD 9 Million seed fund led by 3one4Capital. The round saw participation from existing investors Global Founders Capital and Better Capital. Flipkart Ventures, Groww and Rebalance Angel Community are the new investors to the startup’s captable
14/07/2022

Delhi-based housing financier Sitara pockets USD 20 Million

Affordable housing lender Sitara has secured USD 20 Million in a mix of primary and secondary investments led by Europe-based NMI and WWB Asset Management. The round also saw participation from existing investors including HDFC Holdings, Oikocredit and Omidyar Network Fund
14/07/2022

Accel-backed Onsitego invests in re-commerce startup Digi2L

After-sales services firm Onsitego has picked up a 26% stake in electronics exchange platform Digi2L for an undisclosed sum. Digi2L aims to utilize the capital for expanding operations and scaling its tech platform across the country.
14/07/2022

Inflection Point backs digital lending firm WonderLend Hubs

No-code platform-as-a-service (PaaS) provider WonderLend Hubs has raised seed funding of USD 1.6 Million from Gurugram-based Inflection Point Ventures. The Company plans to use the fresh capital to boost sales and marketing and also to grow the business on scale
14/07/2022

HDFC Capital, Oberoi Realty invest in proptech platform Homexchange

Proptech platform Homexchange Ltd has raised USD 4 Million from HDFC Capital, Oberoi Realty, and Anarock Group. The platform will use the fresh funds to expand into new geography, strengthen developer partnerships, hire talent, and further build out its technology platform.
13/07/2022

Web3 Startup zbyte Raises USD 10 Million To Accelerate Enterprise Blockchain Adoption

Web3 startup zbyte has raised USD 10 Million in a funding round led by private investors. The startup aims to build decentralised applications (dApps) stores to help developers and enterprises to build such apps.
13/07/2022

Deepika Padukone-Backed D2C Startup Mokobara Secures Funding To Enter New Categories

D2C luggage startup Mokobara has raised USD 6.5 Million in its Series A funding round led by Saama Capital and Sauce VC. Alteria Capital, Panthera Peak Ventures, Good Capital and individual investors including Varun Alagh from Mamaearth, Ashish Goel from Urban Ladder, founders of Licious, Ramakant Sharma from LivSpace, Raul […]
13/07/2022

Lightspeed closes USD 500 Million early-stage fund for India, Southeast Asia

Silicon Valley-based Lightspeed Venture Partners has raised USD 500 Million for its fourth early-stage fund in India and Southeast Asia. The firm expects to invest in areas such as cross-border commerce, mobility, artificial intelligence- based automation and devops, climate and Web3 in addition to sectors such as consumer tech, Business-to-Business […]
13/07/2022

Cred’s Kunal Shah, others bet on realty firm PropReturns

Real estate investment startup PropReturuns has secured an undisclosed amount of funding from a host of angel investors including Cred founder, Kunal Shah. Other investors in the round included venture capital firm 1947 Rise, Gokul Rajaram (board member of CoinBase and Pinterest), Varun Alagh (co-founder of Mamaearth) and Nitin Jain […]
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