Archive News


Canbank VC Fund backs healthcare firm Renalyx floated by former Forus Health Co-founder

Renalyx Health Systems which is a renal care solutions provider floated by the former co-founder of Forus Health, has raised its first round of external funding from Canbank Venture Capital. The funding will be used to develop products and software with an aim to provide end-to-end renal care solutions

Anicut Capital Raises INR 140 Crores From Small Industries Development Bank

Anicut Capital has raised USD 19 Million from the Small Industries Development Bank of India (SIDBI) for their second debt fund. SIDBI will disburse the funds through the Fund of Funds for Startups (FFS) launched as part of the Indian government’s Startup India initiative.

Chargebee valuation jumps 2.5X after racking up USD 250 Million from Tiger Global, Sequoia, others

Chargebee which runs a software-as-a-service-based subscription management platform has raised USD 250 Million in funding co-led by Tiger Global Management and Sequoia Capital and also saw participation from existing investors including Insight Partners, Sapphire and Steadview Capital, among others.

Tiger Global leads USD 40 Million funding in logistics-tech startup Loadshare Networks

Loadshare Networks which operates a technology platform for small and medium-sized enterprises in the logistics sector has raised its Series C round of USD 40 Million led by US-based hedge fund Tiger Global Management. Filter Capital and 57 Stars also came on board as new investors, while the existing backers […]

Upskilling Startup Scaler Academy Raises USD 55 Million

Edtech startup InterviewBit’s upskilling platform Scaler Academy has raised USD 55 Million in a Series B funding round at a USD 710 Million valuation led by Lightrock India, a new investor, and existing investors Sequoia Capital India and Tiger Global

Airtel to buy 25% stake VC-backed enterprise networking co Lavelle Networks

Bharti Airtel has entered into an agreement to buy a near 25% stake in Lavelle Networks which specializes in software-defined wide area network (SD-WAN) solutions. The acquisition will help Airtel to address the emerging connectivity requirements of enterprises

JITO Angel Network, AIM Angel group, others back nutrition brand PlantVita

Lifestyle nutrition brand PlantVita has raised an undisclosed sum in a seed funding round led by JITO Angel Network and also saw participation from AIM Angel group, Apurva Shah,Jai Diwanji, Vivek Matthai and other HNIs

Akshay Kumar-backed Social Swag snags USD 3.5 Million from IMEF, others

Actor Akshay Kumar-backed content platform Social Swag on Friday has raised USD 3.5 Million in a pre-Series A funding from IMEF and Unicorn India Ventures. The round also saw participation from Vinay Agarwal, Ritesh Deshmukh, Raghu Subramanian and Edward Menezes, along with The Shekama Family Trust and The Blume Founders […]

Moglix raises USD 250 Million in Series F funding

Industrial goods marketplace Moglix has raised USD 250 Million as part of its Series F funding round led by existing investors Tiger Global and Alpha Wave Global and new investor Hong Kong-based Ward Ferry.

Kae Capital leads pre-seed funding in SaaS startup Hatica

Software-as-a-service platform Hatica has raised USD 900,000 in a pre-seed funding round led by Kae Capital and also saw participation from Titan Capital, iSeed Ventures, and angel investor GBS Bindra

Ekank Tech raises funds for strengthening technological capability and expand its footprints

Ekank Technologies, a vernacular storytelling platform has raised USD 1 Million from 9Unicorns, Venture Catalysts, Titan Capital, Bharat Founders Fund Syndicate, Sujeet Kumar (Cofounder of Udaan), Archana Priyadarshini, Amit Jain, Amit Hooja, and Deepak Jain (Partner at Bain).

D2C Brand Bibo raises fund from ah! Ventures

Hilt Brands India which operates direct to consumer (D2C) health products brand Bibo has raised USD 150,000 led by ah! Ventures.

Sequoia, Owl Ventures lead seed funding in community live learning platform Growth School

Community live learning platform Growth School has raised USD 5 million as a part of its seed funding round led by Sequoia Capital India and Owl Ventures.More than 80 angel investors including Kunal Shah, Nikhil Kamath, Ritesh Agarwal, and Tanmay Bhat, also participated in the funding round

SBICap Ventures-backed Neev Fund II invests in GPS Renewables

Climate and sustainability-focused Neev II Fund, which is run by SBICap Ventures has invested an undisclosed sum in bioenergy technology and project integration company GPS Renewables Pvt Ltd

Eight Roads leads funding in AI-based skills assessment platform iMocha

iMocha Technologies, an artificial intelligence (AI) powered digital skills assessment platform has raised INR 105 crore as part of its Series A funding led by venture capital firm Eight Roads Ventures and Existing investors Upekkha and Better Capital

Vertex Ventures-backed Kissht raises INR 100 Cr in debt from Trifecta Capital, Northern Arc

Vertex Ventures-backed small business lending platform Kissht has raised INR 100 crore in a debt funding round from Trifecta Capital and Northern Arc Capital.As part of the transaction both funds have each subscribed to INR 50 crore of NCDs

Speciale Invest backs SaaS startup StreamAlive in pre-seed funding round

WordsWorth Tech which operates software-as-a-service (SaaS) startup StreamAlive has raised USD 1.53 million in a pre-seed investment round led by Speciale Invest. Other investors who participated in this funding round include MIT professors, chief executive officers of public companies, micro venture capital funds, and unidentified angel investors

Manipal Hospitals-backed Phable gets venture debt from Stride Ventures

Chronic disease management platform Phable has raised venture debt funding from Stride Ventures

Skyroot Aerospace raises USD 4.5 million from Sherpalo Ventures, Wami Capital

Skyroot Aerospace, a private Indian space-tech startup building an indigenous rocket for commercial missions, announced a bridge round funding of USD 4.5 million led by Sherpalo Ventures, and co-led by Wami Capital, Neeraj Arora and former Google executive Amit Singhal.

Polygon invests in Hike’s Rush Gaming Universe; aims to bring it onto Web 3

Ethereum-based blockchain scaling service provider Polygon has invested an undisclosed sum in Hike to support its Rush Gaming Universe (RGU)

Lightspeed-backed Teachmint marks fourth acquisition in 2 months with MyClassCampus

Lightspeed Venture Partners-backed edtech platform Teachmint has bought MyClassCampus, an educational enterprise resource planning software, which enables campuses with end-to-end digitization of their operations, management, and communication
28/01/2022, floated by former Freshworks employees, snags Series A from Addition, others, a unified professional services automation (PSA) and remote monitoring and management (RMM) platform, has raised USD 14 million as a part of its Series A funding round led by Lee Fixel’s Addition and Tanglin Venture Partners.Existing investors Matrix Partners and Elevation Capital also participated in the funding round

DealShare turns unicorn with USD 130 Million funding from Tiger Global, Alpha Wave, others

DealShare, a Jaipur based social commerce startup, owned and operated by Merabo Labs has joined the coveted unicorn club after raising almost USD 130 million as a part of its Series E funding round from Tiger Global Management, Alpha Wave Global, and others

Shopkirana raises USD 38 million led by Info Edge, Oman India, Sixth Sense Ventures

Business-to-business grocery startup Shopkirana, has raised USD 38 million from Info Edge, Oman India joint investment fund, Sixth Sense Ventures and other investors. The round also saw participation from Trifecta, Incubate Fund, Akatsuki, Ajanta LLP, Gunosy Capital, and others.