Archive News

14/06/2022

PoS app QueueBuster raises Series A funding from Chiratae, Omidyar, others

QueueBuster, a mobile-based point-of-sale (PoS) application has raised INR 63.3 Cr in a Series A funding round led by Chiratae Ventures, Omidyar Network India, and Flourish Ventures. DMI Alternative Investment Fund and Unaprime Investment Advisors also participated in this investment round
14/06/2022

Maharashtra to set up INR 200 Cr fund to back women-run deeptech startups

Maharashtra will roll out an INR 200 Cr fund to back state-bound deep-tech early stage startups, especially being spearheaded by women
13/06/2022

Razorpay Leads Series A Funding In Fintech Startup HostBooks

Gurugram-based fintech startup HostBooks has secured USD 3 Million through debt financing in its Series A funding round. The round was led by fintech unicorn Razorpay. HostBooks will use the funds to scale operations and develop its existing product suite.
13/06/2022

D2C Rollup Unicorn GlobalBees Invests In Five Brands

D2C brand aggregator GlobalBees which is a Thrasio-style arm of IPO-bound FirstCry has invested in nutrition brands HealthVit and Top Gummy; personal care brands UrbanGabru and Urban Yog and lifestyle brand Kuber Industries. Globalbees has invested up to INR 50 Cr in each brand.
13/06/2022

SolarSquare gets seed funding from Good Capital, others

Mumbai-based energy platform SolarSquare has secured seed funding of USD 4 Million led by Good Capital, with participation from US-based Lowercarbon Capital, Symphony Asia and Nithin Kamath’s Rainmatter & also saw participation from Better Capital and Climate Angels among others
10/06/2022

Peyush Bansal’s Lenskart Bags USD 28 Million From Avendus

IPO-bound eyewear giant Lenskart is raising close to USD 28.2 Million from Avendus Future Leaders Fund II. The fresh round is raised at USD 4.3 Billion valuation
10/06/2022

Kunal Shah, Y Combinator Back Dairy Alternatives Startup Brown Foods

Dairy alternatives startup Brown Foods has raised USD 2.36 Million as part of its seed funding round. The round also saw participation from institutional investors such as Y Combinator, AgFunder, SRI Capital, Amino Capital, Collaborative Fund and angel investors such as Kunal Shah.
10/06/2022

Lightspeed-backed Pepper Content snags USD 14 Million

Content writing and services platform Pepper content has raised USD 14.3 Million as a part of its Series A funding round led by Bessemer Venture Partners and also saw participation from Tanglin, Lightspeed, Titan Capital, and individuals like Gokul Rajaram, Ritesh Agarwal, Abhinav Sinha, Ankur Nagpal among others
10/06/2022

Axilor, 1crowd back meat and fish distribution firm FreshR

B2B supplier of fish and meat products FreshR has racked up seed funding of USD 1.2 Million co-led by Axilor Ventures and 1crowd. The New Delhi-based platform plans to deploy the fresh proceeds to expand its geographical presence, grow tech vertical and build team.
10/06/2022

Purplle races to unicorn with USD 33 Million extended Series D round

Online beauty products marketplace Purplle has turned unicorn after raising USD 33 Million in a fresh round of funding led by South Korean investment firm Paramark Ventures. The company’s existing backers Premji Invest, Blume Ventures, and Kedaara Capital also participated in this round
10/06/2022

Vernacular news app Way2News snags Series A funding from WestBridge, Sashi Reddi

Vernacular hyperlocal short news app Way2News has raised USD 16.75 Million in its Series A funding round from WestBridge Capital and venture capitalist Sashi Reddi. The Hyderabad-based company will use the fresh capital to expand in the southern states of Tamil Nadu, Karnataka and Kerala
10/06/2022

Ex-upGrad exec floats USD 10 Million fund for early-stage firms

Former upGrad executive Kushal Bhagia announced launch of a USD 10 Million venture capital fund to back pre-seed and seed-stage founders from India. Fund will typically invest USD 100-300 K in Indian startups in the first round and successive funding rounds
10/06/2022

Faad Network, Upsparks, others back cloud gaming firm The Gaming Project

Cloud gaming firm The Gaming Project has secured USD 500,000 in a seed funding round led by Faad Network and also saw participation from Upsparks, BlackKite, SucSEED Indovation Fund, MaGEHold and Hem Angels, among others. The platform plans to use the proceeds to expand its services across India
10/06/2022

Cred raising Series F capital at USD 6.4 Billion

Kunal Shah-led fintech unicorn Cred is raising USD 140 million in a Series F round led by GIC and existing investors Sofina, Tiger Global, FalconEdge, and Dragoneer also participated in this round.
09/06/2022

Samudai Raises Funding To Help Manage, Build Communities In Web3 Ecosystem

Web3 startup Samudai has raised USD 2.5 Million in a pre-seed funding round from FTX Ventures, Sino Global Capital, A&T Capital, Coinbase Ventures, Lunar Ventures and also saw participation from angel investors such as Balaji Srinivasan, Charles Songhurst; Sandeep Nailwal among others
09/06/2022

Accel, Mankekar Family Office, others lead USD 7.5 Million round in Jiraaf

High-yield fixed-income investment platform Jiraaf has raised USD 7.5 Million in a Series A funding round led by Accel Partners, Mankekar and Aspire family offices. The fresh funds will be used to build a team to source high-quality opportunities, strengthen custom
09/06/2022

Fintech startup Uni raises venture debt from Stride Ventures

Stride Ventures has extended venture debt of INR 50 Cr to credit and payments-led fintech startup, Uni. The venture debt funding comes around six months after Uni raised a relatively large Series A investment round of USD 70 Million led by US-based venture capital firm General Catalyst in December last […]
09/06/2022

BetterPlace makes 2nd acquisition in 2 weeks

BetterPlace Safety Solutions, a platform for blue-collar workforce management has acquired the no-code workflow builder platform, ezeDox. Through this acquisition, BetterPlace aims to consolidate its position as a full-stack tech player in the Indian frontline workforce management space
09/06/2022

Kissht raises USD 80 Million in round led by Vertex Growth, Brunei Investment

Small business credit platform Kissht has raised USD 80 Million in a round led by Vertex Growth and Brunei Investment Agency. The round also saw participation from existing investors Vertex Ventures SEA and India and Endiya Partners.
08/06/2022

SME Lending Fintech ARTH Raises Funding To Help Small Businesses Avail Loans Easily

Fintech app ARTH has raised USD 2.5 Million through equity financing in its Pre-Series A funding round and saw participation from the Germany-based DEG and MIT Alumni Network. The funds will be used to strengthen ARTH’s tech infrastructure, expand its offerings and build risk management systems.
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.
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