Archive News

17/04/2023

Telecom and investment major e& acquired a 50.03% stake in Careem’s super app

Telecom and investment major e&, global technology group focused on innovation and collaboration to create a better future for all, has acquired a 50.03% stake in Careem’s super app, which will be hived off from the ride-hailing business. Uber will retain 100% ownership of Careem’s ride-hailing business. With the new […]
17/04/2023

Sixth Sense Ventures-Backed Toprankers Buys Career Guidance Firm ProBano

Toprankers, an edtech platform for careers beyond engineering and medical, has bought career guidance platform ProBano in a cash-and-stock deal, marking its foray into career discovery and guidance segment. With the acquisition, Toprankers looks to leverage ProBano’s expertise in designing its career discovery and experience platform, aiming to become a […]
14/04/2023

SimpliContract raises USD 3.5 Million in funding led by Emergent Ventures

Contract Lifecycle Management (CLM) venture SimpliContract has closed a pre-series A funding round of USD 3.5 Million. The investment was led by Emergent Ventures, with participation from Kalaari Capital, Picus Capital, Foster Ventures, Leslie Ventures, and Sentinel Ventures. The CLM startup assists legal, sales, finance, and procurement teams while also […]
14/04/2023

Inflection Point Ventures Backs Direct2U

E-commerce startup Direct2U has secured INR 1.8 Crore as a part of its seed funding round from Inflection Point Ventures. Direct2U is a consumer durables marketplace that brings together lead generation, order fulfilment, cash (online transfer), credit purchase options, and doorstep delivery for the demand-rich, underpenetrated rural Indian consumers in […]
14/04/2023

Cyfirma Gets USD 5.5 Million Pre-Series B Funding

Cyber intelligence firm Cyfirma raised a pre-Series B funding round of USD 5.5 Million from Israeli venture fund OurCrowd and Larsen & Toubro’s L&T innovation fund. Cyfirma as a platform claims to combine cyber intelligence with attack surface discovery and digital risk protection to deliver the early warning, personalized, contextual, […]
13/04/2023

Purple Style Labs raises USD 14 Million in Series C round

Purple Style Labs (PSL), a luxury fashion house bringing together India’s top designers under one platform has raised an investment of USD 14 Million in Series C funding co-led by ValueQuest Scale Fund, Singularity Growth Opportunities Fund I, ValPro, and Masaba Gupta. The round also saw the participation from existing […]
13/04/2023

Barcelona raises INR 5 Cr from GetVantage

Barcelona, a fashion and apparel brand for men, has raised INR 5 Cr equity-free capital from GetVantage. The funds will be used to open around 50 outlets across the country in the new financial year, and in stepping up its marketing efforts.
13/04/2023

Proost Beer raises INR 8.5 Cr in equity and debt funding

Delhi-based Proost Beer, a brand of beer has raised an investment of INR 8.5 Cr in equity and debt which was spearheaded by Mumbai Angels, Hyderabad Angels, Speed Fund, GetVantage, Finnvolve, and others. The round also saw participation of its existing investors such as Dauble PTE and Dev Punj.
13/04/2023

Indian Cricketer Hardik Pandya Invests In D2C Startup Yu

D2C food startup Yu, offers breakfast meal bowls, lunch dinner, instant noodles, pastas, desserts, and halwa, has secured equity investment from Indian cricketer Hardik Pandya. The cricketer also has joined the startup as its brand ambassador. The startup will use funds to extend its product portfolio by launching about 8-10 […]
13/04/2023

Fintech Startup Uni Cards Acquires P2P Lending Platform OHMY Technologies

Buy-now-pay-later (BNPL) startup Uni Cards has reportedly acquired OHMY Technologies (OMLP2P), a peer-to-peer lending platform. The deal is estimated to be at INR 3-4 Cr range. Uni Cards founders Nitin Gupta, Laxmikant Vyas and Prateek Jindal have joined the board of OMLP2P as directors on January 7.
13/04/2023

Alpha Wave-Backed VideoVerse Acquires Reely.AI

Software-as-a-services (SaaS) based video editing platform VideoVerse has acquired the US-based, AI-enabled content generation startup Reely.ai. Through this acquisition, VideoVerse seeks growth and wants to serve its customers better in the gaming and esports segment.
13/04/2023

BoldCap Collects USD 25 Million For Second Fund To Bet On SaaS Startups

Chennai-based venture capital firm BoldCap, invests in only pre-seed and seed rounds of Indian B2B SaaS startups catering to global clients, has raised USD 25 Million for its second fund to invest in early-stage business-to-business startups in the software-as-a-service domain. The fund will invest in about 15 to 20 startups […]
13/04/2023

Armour Heavy has raised INR 1.6 Cr as a part of its pre-seed round, led by India Accelerator.

Delhi-NCR based performance wear brand Armour Heavy, Manufacturer of fashion and lifestyle products intended to offer clothing items has raised INR 1.6 Cr as a part of its pre-seed round, led by India Accelerator.
12/04/2023

Aavishkaar Capital invests INR 16 Cr in INI Farms

Agritech startup INI Farms, an exporter of fruit and vegetable crops with large-scale pan-India operations has raised Rs 16 crore in its maiden funding round from ESG First Fund, managed by Aavishkaar Capital. The startup will use funds to grow multi-fold with expansion into the entire agriculture output business and […]
12/04/2023

Nysha Mobility Raises USD 3.5 Million For Manufacturing EV Components

EV components startup Nysha Mobility Tech (NMT), manufacture various types of components, interconnects, wires & cables for Automotive (Including EV vehicle), Telecom, Defence, Industrial and various other industries, has raised USD 3.5 Million in a combination of equity and debt funding. The seed funding round saw participation from investors such […]
12/04/2023

Deeptech Investor pi Ventures Bags INR 100 Cr To Back Early Stage Startups

Early-stage venture fund pi Ventures, which backs AI and deeptech startups, has received commitments of INR 100 Cr or 15% of the corpus from SIDBI-managed Fund of Funds for Startups (FFS). pi Ventures will utilise the funds to back Seed, Pre-Series A and Series A startups working in AI and […]
12/04/2023

SimpliContract Secures Funding To Offer Better Business Contract Management To Retail, Tech Cos

SaaS startup SimpliContract, a SaaS-based and AI-powered end-to-end enterprise contract lifecycle management platform has secured USD 3.5 Million in a Pre-Series A funding round led by Emergent Ventures. The round also saw participation from Kalaari Capital, Picus Capital, Foster Ventures, Leslie Ventures, and Sentinel Ventures.
12/04/2023

Walmart-owned PhonePe has raised another USD 100 Million from existing investor General Atlantic

Walmart-owned PhonePe, a Digital Wallet & Online Payment App that allows you to make instant Money Transfers with UPI has raised another USD 100 Million from existing investor General Atlantic. PhonePe will use the fresh funds to scale up its payments and insurance businesses, as well as new businesses such […]
12/04/2023

Oneistox Secures Funding From YC, Powerhouse To Upskill AEC Professionals

Upskilling startup Oneistox, offers professionals from the architecture, engineering, and construction (AEC) industry with tech-first skills has raised seed funding of USD 1.2 Millionn from Y Combinator, Powerhouse Ventures, and Soma Capital. The round also saw participation from Amit Ranjan, cofounder of SlideShare, and Deepak Menon, VP, Microsoft.
11/04/2023

EV startup Raptee receives INR 3.27 Cr in grants from ARAI

Electric vehicle motorcycle startup Raptee has secured a grant of INR 3.27 Cr from Automotive Research Association of India (ARAI). The grant was given Advance Mobility Transformation and Innovation Foundation (AMTIF). The company plans to utilise the raised funds for the development of the design and the motorcycles core high […]
11/04/2023

MPL’s Mayhem Studios Raises USD 20 Million From Sequoia India, Steadview

Mayhem Studios, the mobile game development arm of gaming unicorn MPL, has raised USD 20 Million in its Series A round led by Sequoia Capital India, with participation from Steadview Capital, Truecaller, and others. The startup plans to deploy the incoming funds to boost its capabilities and develop new games […]
11/04/2023

D2C Beauty Startup RAS Bags Funding To Strengthen Its Farm-To-Face Product Play

RAS, the Indian farm-to-face skincare and personal, D2C hygiene startup has raised USD 1.5 Million from Green Frontier Capital (GFC). The funding round also saw participation from its existing investors. RAS claims to be producing agro-based products for personal hygiene and beauty.
11/04/2023

Meme marketing platform Wldd has raised seed funding of USD 1.25 Million from Negen Capital.

Meme marketing platform Wldd, helps brands connect better to their audience with meme culture has raised seed funding of USD 1.25 Million from Negen Capital. The firm plans to use the fresh capital to scale up its growth.
11/04/2023

Workspace interior firm OfficeBanao has secured USD 6 Million from Lightspeed

Workspace interior firm OfficeBanao, a platform for designers, architects, contractors, office furniture, and material suppliers providing an entire array of commercial interiors has secured USD 6 Million from Lightspeed as part of seed funding exercise.
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