Archive News

29/09/2022

Somerset Indus Capital Set To Launch Third Fund

Healthcare-focused private equity firm Somerset Indus Capital Partners is planning to launch its third India fund in the March quarter. The fund size is expected to be around USD 200 Million
29/09/2022

AI Startup UnScript.Ai Raises USD 1.2 Million Led By Exfinity, Venture Partners

AI based unSCRIPT.ai, a platform for creating personalized synthetic videos in real-time has raised over USD 1.25 Million round led by Exfinity with participation from Stellaris. The round also saw participation from Ghazal Alagh (co-founder of Mamaearth), the Mankind Pharma promoter’s family office, Endurance Capital (Angellist) and other key angel […]
29/09/2022

Pi Ventures, Better Capital, Others Back 3D Reconstruction Startup Preimage

Preimage Private Limited, a cloud-based 3D reconstruction firm has secured seed funding of USD 1.7 Million from pi Ventures, Better Capital, Java Capital, and a clutch of angel investors. The Bengaluru and US-based startup plans to deploy the fresh capital to scale its team across business verticals and roll out […]
29/09/2022

Former Kae Capital Partner Launches USD 200 Million Growth Fund

Elev8 Venture Partners (Elev8), led by former Kae Capital partner Navin Honagudi announced the launch of its maiden USD 200 Million sector agnostic fund. The maiden fund will be investing in growth-stage, technology-driven companies with a ticket size between USD 5-15 Million. Elev8 will primarily enter at Series B and […]
28/09/2022

Uma Robotics has raised an undisclosed amount in a pre-seed round

An internet of things-solutions provider Uma Robotics has raised an undisclosed amount in a pre-seed round from We Founder Circle (WFC) as a part of its early-stage startup investment platform’s global accelerator programme, EvolveX. The IoT-focused player will use the funds to increase size of its engineering team, for business […]
28/09/2022

Mumbai-based pizza chain Cheelizza has raised INR 4.11 Cr in seed funding from Indian Angel Network

Mumbai-based pizza chain Cheelizza has raised INR 4.11 Cr in seed funding from Indian Angel Network (IAN), among others. Sagar Daryani, founder of Wow! Momo; Karan Tanna of Ghost Kitchens and Rahul Surana, a principal at an international fund, also participated in the round.
28/09/2022

B2B Platform Saveo Raises Funds At USD 50 Million Valn

Bengaluru-based Saveo Healthtech Pvt Ltd, which operates a business-to-business e-commerce platform focused on pharmacies, has secured USD 4.5 Million in a fresh funding round co-led by Matrix Partners, Gunosy Capital and 4point0 Health Ventures.
28/09/2022

IvyCap, We Founder Circle Back Mental Health Startup Lissun

Mental and emotional healthcare Lissun has secured pre-seed funding of USD 1 Million led by IvyCap Ventures, with participation from We Founder Circle and Supermorpheous. The round also saw participation from angel investors including Gaurav Munjal (Unacademy), Harsh Jain (Groww), Sandeep Aggarwal (Droom and ShopClues) and Pavan Vaish (IBM Daksh […]
27/09/2022

Mahindra Logistics To Acquire Troubled Startup Rivigo’s B2B Express Business

Mahindra Logistics will acquire the B2B express business of logistics startup Rivigo. Mahindra Logistics will acquire customers, team and assets of Rivigo’s B2B express arm. They haven’t disclosed the acquisition cost.
27/09/2022

Commercial EV producer Urban Sphere raises INR 30 Lakhs in funding round

Commercial electric vehicle startup Urban Sphere has raised INR 30 Lakhs in its first funding round through an undisclosed angel network. The startup plans to use the investment to bolster the company’s operations and to focus on increasing its clientele for connected commercial four-wheeled vehicles.
27/09/2022

Nirmalaya Raises USD 800,000 In Seed Funding

Natural fragrance brand Nirmalaya has raised USD 800 K in its seed funding round, led by Artha Venture Fund along with investors including DotIn Network, Shiprocket – Huddle Accelerator, Flawless Company Family office and other angel investors.
27/09/2022

Butterfly Learnings raised funds to build and scale the digital product and expand its physical footprint across India.

Child development platform Butterfly Learnings has raised USD 1.5 Million in its seed funding round from Insitor Partners, 9Unicorns, Venture Catalysts, Fondation Botnar and UTIL Stiftung, and CIIE.CO.
27/09/2022

Mumbai Angels, Faad Network Back FMCG Brand Sugar Watchers

Sugar Watchers, an FMCG brand aimed at managing diabetes and obesity has secured an undisclosed amount in a funding from early-stage investment firm Mumbai Angels Network and angel network Faad. Sugar Watchers will deploy the fresh proceeds to scale marketing, working capital, and for product development
26/09/2022

Bengaluru-Based Fintech Startup M2P Adds Visa To Its Cap Table

Financial infrastructure provider M2P has received investment of USD 2.7 Million in its Series C-1 round from the American multinational financial service provider Visa. Visa has been actively investing in Indian fintech startups and has backed PayMate, BillDesk, and Open in the past
26/09/2022

Light Microfinance Raises Series B Funding From BII, Others

Light Microfinance has raised USD 24.1 Million in a Series B funding round. The funding was led by British International Investment (BII), UK’s Development Finance Institution (DFI) and Impact investor. The company’s existing investors, Nordic Microfinance Initiative (NMI), Triple Jump BV and Incofin IM also participated in this round.
26/09/2022

AI Startup Signzy Raises USD 26 Million In Series B Round

Signzy, an artificial intelligence (AI) startup that automates backend decision-making processes, has raised USD 26 Million in its Series B round of funding led by mid-market-focused private equity firm Gaja Capital. Existing investors Vertex Ventures and Arkam Ventures also participated in the round
23/09/2022

Men’s Grooming Startup Ustraa Raises Fresh Funding From Info Edge, Others

New Delhi-based men’s grooming startup Ustraa has raised INR 16.8 Cr in a strategic funding round led by Info Edge’s subsidiary Startup Investments. The round also saw participation from IIFL Seed Ventures and Wipro Enterprises.
23/09/2022

Early Stage VC Leo Capital Marks First Close Of Third Fund

Singapore-based early stage VC firm Leo Capital has marked the first close of its third fund. The fund was announced in November 2021 and has been targeting a total corpus of USD 125 Million.
23/09/2022

Savart Raises USD 1.5 Million In Pre-Series A Funding

Hyderabad-based wealthtech firm Savart has raised USD 1.5 Million in a pre-Series A funding round led by 9Unicorns and Venture Catalysts’ Angel Fund. The round also saw participation from existing investor Beenext Asia Fund and a host of angel investors.
23/09/2022

Univest raises pre-Seed round from a clutch of angels

Fintech platform Univest has raised INR 3.8 Cr in a pre-seed funding round from a clutch of angel investors. The firm will use the fresh money for product launches and team building. The company offers a unique investment ecosystem enabling influencers and investors to discover stocks, research, trade, share information […]
23/09/2022

Aye Finance Raises Debt Funding Of INR 65 Cr

Fintech firm Aye Finance has secured INR 65 Cr in a debt funding from Geneva-based market access platform Symbiotics Investments. The firm plans to use the fresh funds to scale its credit portfolio bringing a larger population of the underserved population of micro enterprises into the folds of organized lending
23/09/2022

Deep Rooted Raises Series A Funding To expand Its Footprints Across Southern Pockets & Boost Technology Stack

Deep Rooted, a farm-to-consumer (F2C) brand for fruits and vegetables has raised USD 12.5 Million as a part of its Series A funding round led by IvyCap Ventures with participation from existing investors including Accel, Omnivore and Mayfield.
22/09/2022

MapmyIndia Acquires 26% Stake In Traveltech Startup KOGO

Listed geotech startup MapmyIndia has invested INR 10 Cr to acquire a 26.37% stake in gamified social travel commerce platform KOGO, with an option to raise the stake to 50% in two years. With this investment, MapmyIndia will also give KOGO access to its Mappls technology suite, which was recently […]
22/09/2022

Info Edge Invests INR 80 Cr in Test-Prep Startup Adda247, Increases Stake To 23.01%

Noida-based internet giant Info Edge announced an investment of INR 80 Cr in vernacular test-prep startup Adda247. Post this investment, Info Edge will own 23.01% stake in Adda247 on a fully converted and dilut
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