Archive News

20/12/2022

Aquaconnect Raises USD 15 Million In Series A Round

Coastal Aquaculture Research Institute Pvt. Ltd, which operates the aqua farmers’ network Aquaconnect, secured Series A funding of USD 15 Million led by impact investment venture capital firm Lok Capital. Aquaconnect, set up by Rajamanohar Somasundaram in 2017, is an online marketplace for fish and shrimp farmers to buy quality […]
19/12/2022

Xpedeon Raises Up To USD 10 Million

Construction software solution provider Xpedeon has raised up to USD 10 Million in funding from private equity firm Norwest. The company provides ERP for the construction Industry which includes cost estimation, budgeting, cost variation analysis, accounting, procurement, inventory management, payroll, subcontracting, and CRM
16/12/2022

Agritech Startup Grow Indigo Raises Funding To Grow Carbon Farming In India

Mumbai-based agritech startup Grow Indigo has raised more than USD 6 Million in a fresh funding round from Indigo AG, Mahyco, and high-net-worth individuals (HNIs). Founded in 2019, the startup offers agritech solutions to address climate-related changes in the agriculture process. Grow Indigo encourages the concept of farming carbon as […]
16/12/2022

Prosus, Accel Backs Virgio In A USD 37 Million Series A Round

Fashion startup Virgio has raised USD 37 Million as part of its Series A funding round, co-led by Prosus Ventures, Accel, and Alpha Wave Global. The company is building a fashion tech platform that will allow designers to access consumer preferences in real-time. It is also envisioning a tech-led network […]
15/12/2022

DSG, IDEO Invest USD 7.5 Million In Deepika’s Self-Care Brand

82°E, a self-care brand co-founded by actor Deepika Padukone, raised seed funding of USD 7.5 Million from DSG Consumer Partners and IDEO Ventures. 82°E, founded by Padukone and Jigar Shah, was launched last month with skincare as its inaugural category. The fresh capital will be used for 82°E’s team expansion, […]
15/12/2022

Dutch Investor FMO Backs Fintech Player NeoGrowth In Series D Round

NeoGrowth, an MSME-focused digital lender, has raised INR 300 crore in a Series D equity round led by FMO, a Dutch entrepreneurial development bank, along with existing investors. NeoGrowth claims to have connected with over 1,50,000 MSMEs since its inception and disbursed around $1 billion in loans. The Bengaluru-based fintech […]
15/12/2022

Spacetech Startup GalaxEye Raises Seed Funding

Spacetech startup GalaxEye Space has raised USD 3.5 Million in a seed round led by deeptech-focused venture capital firm, Speciale Invest. The round also saw participation from investors including Artha India Ventures, Veda VC, Anicut Capital, Upsparks, and entrepreneurs like Nithin Kamath (Zerodha), Prashant Pitti (EaseMyTrip), Abhishek Goyal (Tracxn) and […]
14/12/2022

Hexo raises pre-seed funding led by Antler India

Generative AI startup Hexo has raised USD 270K in its pre-seed round led by Antler India, via the VC firm’s Antler India Residency initiative. Founded by Vignesh Baskaran and Kunal Bhatia, Hexo offers a wide range of controls to make image generation much more predictable and accurate.
14/12/2022

Xponentia Capital Leads Fintech Startup Zype’s INR 146 Crores Funding

Fintech startup Zype, which is presently working in stealth mode, has raised INR 146 Crores in a funding round led by Mumbai-based private equity fund Xponentia Capital. With the fresh funding, Zype plans to build its technology platform, expand the team and acquire more customers and finally launch in the […]
14/12/2022

Fintech Startup Kredmint Bags Funding To Help MSMEs With Working Capital

Fintech startup Kredmint has raised about USD 2 Million in a fresh funding round. Angel investors including CRED’s Kunal Shah, Parkplus’ Amit Lakhotia, Junio’s Shankar Nath, and Unnati’s Amit Sinha, among others, have participated in the funding round. The startup will use the capital to build tech solutions and meet […]
14/12/2022

Former Google Search Head, Others Invest In SaaS Firm ProfitWheel

SaaS startup ProfitWheel raised INR 10 Crore as a part of its pre-Series A funding round from Ashutosh Garg (co-founder and chief executive at Eightfold AI), Amit Singhal (former head of Google Search), and Nigel Morris (former Dentsu International). Founded by Vivek Bhargava, Gautam Mehra, and Aman Khanna in 2020, […]
13/12/2022

Bengaluru-Based Bumble Bee Flights Raises Funds To Build Autonomous Air Taxis

Bengaluru-based autonomous air mobility solutions provider Bumble Bee Flights has raised INR 300 Crore from the UK-based technology conglomerate SRAM & MRAM Technologies and Resources Limited. Bumble Bee Flights plans to use the fresh funds to set up an assembly plant in Odisha for manufacturing air taxis whose first prototype […]
13/12/2022

GVFL Invests In Pet Grooming Startup Zoivane

Pet grooming platform Zoivane Pets, raised INR 5 Crore from GVFL Ltd in a seed funding round. Founded by Nishma Singhal and Kshitij Singhal in 2019, Zoivane Pets provides products that have natural ingredients, are paraben-free, and are tested by vets. The Surat-based startup will use the fresh funds for […]
13/12/2022

Silverneedle Ventures, Others Back IoT Firm ThingsUp

Pune-based internet of things (IoT) startup ThingsUp secured seed funding of USD 600K from venture capital firm Silverneedle Ventures, Udyat Ventures, Lead Angels, GSF Accelerator, and other angel investors. ThingsUp is a low-code platform that helps businesses to build and deploy IoT applications in a short span of time. The […]
13/12/2022

Foodtech Firm SaveEat Pockets Fresh Funding

Mumbai-based food-saving app SaveEat raised USD 500K from Credent Investment in a pre-seed funding exercise. Founded in 2021, SaveEat helps eateries sell their fresh surplus food and also allows customers to get fresh, quality food from places that would have otherwise gone to waste if not consumed in time. The […]
12/12/2022

Medtech Startup In-Med Secures Funding From Exxora, Others

Medtech startup In-Med Prognostics raised USD 2.13 Million in a seed funding round led by Exxora Trading LLP along with other angel investors. Founded in 2018 by Latha Poonamallee, Rajesh Purushottam, and Al Curran, In-Med offers AI-enabled image-processing software that helps radiologists and neurologists in assessing reports.
12/12/2022

Contlo Snags Fresh Funds From Kae Capital, Others

Artificial intelligence-backed customer data and marketing platform Contlo raised seed funding of USD 3.5 Million led by early-stage venture capital firm Kae Capital. The Bengaluru-based startup, operated by Contlo Technologies Pvt. Ltd will use the fresh funds to boost its product stack, hire talents, and expand its global footprint.
09/12/2022

Uolo Raises USD 22.5 Million In Series A

Edtech platform Uolo has raised USD 22.5 Million in its Series A funding round led by UAE-headquartered venture capital fund Winter Capital. The funding round saw participation from existing investors Blume Ventures and the new Dubai-based fund Morphosis Venture Capital.
09/12/2022

gritech Startup CropIn Raises USD 14 Million Funding From Google, Others

Agritech startup CropIn has reportedly raised USD 14 Million in a fresh funding round from tech giant Google, Impact Assets, and its existing investors Chiratae Ventures and JSR Active Innovation Fund.
09/12/2022

Unilever will also acquire a 19.8% equity stake in Wellbeing Nutrition

Unilever will also acquire a 19.8% equity stake in Wellbeing Nutrition through primary infusion and secondary buyout for a consideration of INR 70 Cr. The transactions are expected to be completed in the next 1-3 months. As part of the deal, HUL representatives will join the Board of each of […]
09/12/2022

HUL Acquires Stakes In OZiva To Bolster Health & Wellness Play

HUL will buy out OZiva for a cumulative sum of INR 264.28 Cr in multiple tranches. It will initially acquire a 51% equity stake in the startup through a combination of primary infusion and secondary buyouts and will acquire the balance 49% at the end of 36 months based on […]
08/12/2022

Lendingtech Startup Yellow Metal Bags Funding To Improve Gold Credit Offerings

Gold lending tech startup Yellow Metal has reportedly secured more than USD 3 Million in its seed funding round led by MSA Capital. WaterBridge Ventures, Spiral Ventures, LetsVenture’s LV Angel Fund and Java Capital’s Csquare Venture Partners Fund also have participated in the funding round.
08/12/2022

Agritech Startup Intello Labs Bags Funding To Meet Working Capital Requirements

AI-based Agritech startup Intello Labs has reportedly raised USD 2.82 Million in Series B funding round at a post-money valuation of USD 77 Million. The round was led by Saama Capital. Existing Investors Avaana Capital, Omnivore, Nexus Ventures, and AgFunder also have participated in the funding round.
08/12/2022

Amikus AI Raises Capital From Inflection Point Ventures

Artificial intelligence-backed legaltech startup Amikus AI has secured over INR 96 Lakhs in a pre-seed funding round from angel network Inflection Point Ventures. The Bengaluru-based startup will use the fresh funds for product team expansion, which includes employing more front-end, back-end and machine-learning developer
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