Archive News


MS Dhoni Invests In Drone Startup Garuda Aerospace, Joins As Brand Ambassador

Cricketer Mahendra Singh Dhoni has invested an undisclosed amount in the Chennai-based drone startup Garuda Aerospace. He has also joined the startup as a brand ambassador.

Fintech FlexiLoans raises USD 90 Million from Fasanara Capital, MAJ Invest, others

MSME fintech lender FlexiLoans Technologies has raised USD 90 Million in a Series B funding round in a mix of equity and debt from Fasanara Capital, MAJ Invest, and Caravel Group chairman Harry Banga’s family office. Existing shareholders including KKR’s Sanjay Nayar also participated in the round.

ByteDance Offloads Stake In Josh Parent VerSe, Exits At 56% Discount

Chinese internet giant ByteDance has exited vernacular news aggregator Dailyhunt and short-video app Josh, at a discount of 56%. The TikTok owner sold its stake in VerSe via a secondary deal to existing investors which included Ontario Teachers’ Pension Plan (OTPP) and Canada Pension Plan Investment Board (CPPIB)

Enterprisetech Unicorn GupShup Marks Its 4th Acquisition In 5 Months, Buys OneDirect

Enterprise tech unicorn Gupshup has acquired AI-enabled customer engagement platform OneDirect in an all-cash deal. As part of the deal, OneDirect’s founders and employees will be joining Gupshup. With this acquisition, Gupshup will strengthen its offerings by adding OneDrive’s agent assist solution to its suite.

Healthcare equipment maker Accumax raises USD 68 Million from Creador, InvAscent

Private equity firms Creador and India Life Sciences Fund have invested USD 68 Million in Ahmedabad-based Accumax Lab Devices, an export-focused manufacturer of laboratory consumables and benchtop equipment.The funds will be used to expand Accumax’s footprint across the globe.

LC Nueva, Lets Venture, others back used-car leasing firm PumPumPum

Car leasing startup PumPumPum has secured equity funding of USD 2 Million from LC Nueva Investment Partners, Founder’s room capital, Lets Venture, Nazaara founder Manish Agarwal, and Uday Sodhi. The firm plans to use the fresh capital to further grow its platform.

Saudi Arabia’s Abdul Latif Jameel to invest up to USD 220 Million in Greaves Electric Mobility

Saudi Arabia-based family-owned global investor Abdul Latif Jameel has committed to invest up to USD 220 Million in two-to-three-wheeler mobility company Greaves Electric Mobility. Company will use the fresh capital for investment in new products, associated technologies, and marketing

Venture Catalysts, IPV, others invest in ruraltech startup Hesa

Telangana-based rural tech startup Hesa has raised USD 2.3 Million in a pre-Series A funding round led by Venture Catalysts and also saw participation from Venture Catalysts US Chapter, angel networks Faad, IPV, and WFC, and other angel investors

Curefoods mops up USD 50 Million in Series C round

Curefoods, a cloud kitchen startup has raised USD 50 Million in a Series C funding round from a mix of new and existing investors.The startup will use the fresh capital to expand its existing brands in new geographies and acquire new brands

Bellatrix Aerospace Raises USD 8 Million To Test Its Space Propulsion Technologies

Spacetech startup Bellatrix Aerospace has raised USD 8 Million in its Series A funding round led by BASF Venture Capital GmbH and Inflexor Ventures and also saw participation from StartupXseed, Pavestone Capital, Mankind Pharma family office, Survam Partners and Karsemven Fund.

Eloelo Raises USD 13 Million For Its Creator-Led Live Social Video Platform

Eloelo has raised USD 13 Million in a Series A funding round led by KB Investments and Kalaari Capital and also saw participation from existing investors such as Waterbridge Ventures and Lumikai Fund, as well as venture capital (VC) firms Convivialité Ventures and Rocket Capital.

Fintech unicorn Slice snags USD 50 Million in Series C led by Tiger Global

Fintech unicorn Slice has raised USD 50 Million in a Series C funding round led by existing investor Tiger Global and also saw participation from new investor GMO Venture Partners and other existing investors Moore Strategic Ventures and Insight Partners

Cuemath raises USD 57 Million led by Alpha Wave, valuation doubles to USD 407 Million

Online math tutoring platform Cuemath has raised USD 57 Million in a funding round led by Alpha Wave and also saw participation from existing investors Lightrock India, Sequoia Capital India, Alphabet independent growth fund CapitalG, Manta Ray, and Unitus.

Bertelsmann, General Catalyst co-lead USD 25 Million Series B round in Orange Health

Healthtech startup Orange Health has secured a Series B funding of USD 25 Million co-led by Bertelsmann India Investments and General Catalyst & also saw participation from existing investors like Accel, Y Combinator, Good Capital, and Uncorrelated Ventures.

Accel-backed Spyne buys photography service provider Travographer

Eventila Technologies which runs an AI-based business photography firm Spyne has acquired photography service provider Travographer for an undisclosed sum. Spyne plans to onboard over 100 employees across technology, marketing, and sales in the next quarter

MoEngage bags USD 77 Million cheque from Goldman Sachs, B Capital

MoEngage, customer analytics and cross-channel engagement platform has raised USD 77 Million in its Series E round of funding led by Goldman Sachs and B Capital. The company’s existing investors Steadview Capital, Multiples, Eight Roads Ventures, and Matrix Partners India also participated in this round.

Dvara E-Dairy racks up pre-Series A capital from Axilor, Dvara Venture

Agri-fintech firm Dvara E-Dairy Solutions has raised pre-Series A funding of USD 2 Million from Axilor and Dvara Venture Studio, an initiative of Dvara Holdings.The platform plans to use the fresh funds to expand into newer geographies, scale up operations and invest in technology

Israel-based startup Coralogix raises USD 142 Million, to expand India presence

Israel-based data SaaS startup Coralogix has raised USD 142 Million in a Series D funding round co-led by Advent International and Brighton Park Capital & also saw participation from Revaia and existing investors Greenfield, Red Dot Capital,O.G. Tech, StageOne Ventures, Joule Growth Partners and Maor Investments.

Elevation Capital, CoinDCX, others invest in digital wallet Liminal

Liminal that secures digital assets in a simple & efficient way has secured USD 4.7 Million in a funding round led by Elevation Capital and also saw participation from LD Capital, Woodstock, Nexus, CoinDCX, Hashed, Cadenza Ventures, Vauld, Better Capital and Sparrow Capital among others

L Catterton leads USD 50 Million round in cosmetics brand Sugar

Sugar Cosmetics has secured Series D funding of USD 50 Million led by US-based private equity fund L Catterton and also saw participation from the company’s existing backers- A91 Partners, Elevation Capital and India Quotient

Elevar Equity leads funding in tech-led NBFC founded by Stride Ventures founders

StrideOne, a tech-led financial services platform has raised INR 250 Cr via a mix of debt and equity. The equity funding was led by early-stage venture capital firm Elevar Equity, while the debt was raised from top Indian banks

Singapore-based Privyr raises USD 6 Million from MassMutual Ventures, others

Mobile customer relationship management app Privyr has raised USD 6 Million in its series A funding round led by MassMutual Ventures and Vulcan Capital. The Company plans to deploy the fresh capital to expand its product capabilities, increase market penetration and scale its team

Jungle Ventures-backed BetterPlace makes 4th acquisition, buys OkayGo

BetterPlace, a platform for blue-collar workforce management has acquired gig workforce management platform OkayGo for an undisclosed sum. Through this acquisition, BetterPlace aim to provide opportunities for India’s 90 million gig-workforce by company’s task-based workforce management offering

Agritech Startup Nutrifresh Bags Funding To Offer Fresh Produce To Consumers & B2B Aggregators

Agritech startup Nutrifresh has raised USD 5 Million in a funding round led by Archer Investment, Florintree, Green Frontier Capital and also saw participation from Sky Kurtz, Dr. Soumitra Dutta, Shaishav Dharia from Lodha Group, Karan Goshar from Samarthya Investment.