Archive News

31/05/2022

Data analytics firm Synaptic snags USD 20 Million in Valor Equity Partners-led round

Synaptic, a data analytics startup has raised USD 20 Million in a Series B funding round led by Valor Equity Partners. The company plans to use the funds in product development, grow its partnerships with data vendors and expand its go-to-market teams in the global financial hub
30/05/2022

SatSure makes US foray with acquisition of geospatial firm Old City Innovations

Marking a foray into the US market, Bengaluru-based space tech startup SatSure Analytics has acquired Philadelphia-based geospatial services provider Old City Innovations (formerly Geospoc LLC) in a cash-plus-stock deal.
30/05/2022

D2C footwear brand CHUPPS raises capital in pre-Series A round

Direct-to-consumer sustainable footwear brand CHUPPS has raised USD 1.5 Million in its pre-series A funding round from Green Frontier Capital and other lead investors such as Gunavanth Vaid from 4G Capital, Kaushal Vora from Genesis Packaging, among others
30/05/2022

Y Combinator, GMO Venture Partners, others back venture debt firm 8vdX

8vdX, a venture debt firm has secured USD 3 Million from Y Combinator, GMO Venture Partners, Zillionize, Cathexis and Grant Park, among others. The round also saw participation from super angels Vikram Chachra (Slice, M2P, CarWale) and Kevin Moore (Drip, RobinHood, ZoomCar).
27/05/2022

RattanIndia Enterprises Acquires 60% Stake In Drone Startup Throttle Aerospace Systems

RattanIndia Enterprises acquired a 60% stake in Throttle Aerospace through NeoSky India Limited, its wholly-owned subsidiary engaged in the business of drones. However, the company didn’t disclose the financial details of the deal.
27/05/2022

Innoviti raises additional INR 75 Cr in Series D from Dutch investor FMO

Eponymous payments-focused financial technology firm has raised an additional INR 75 Cr as part of its Series D funding round from existing investor FMO, the development finance institution of the Netherlands. The fintech company will raise another INR 125 Cr in the next few weeks towards the final closing
27/05/2022

Fintech firm Taxbuddy bags funding from existing UAE investor

Taxbuddy.com, has secured USD 2 Million in funding led by existing investor United Arab Emirates (UAE)-based fund Zenith Global. Other existing investors also participated in this funding round.
27/05/2022

JM Financial leads Series B funding in logistics firm Emiza

JM Financial has led a Series B funding round of INR 37.5 Cr in a warehousing and fulfillment services provider, Emiza Supply Chain Services. The company will use the fresh capital to strengthen its technology, enter into last-mile operations and expand into new geographies
27/05/2022

Fintech company SaveIN raises additional fund in extended seed round

Credit-focused fintech startup SaveIN has raised USD 1.1 Million in additional funding from Guernsey-based Bayhouse Capital as part of its extended seed round. The Gurugram-based platform plans to use the fresh capital for product development, growing in-house teams and market expansion.
27/05/2022

Riverwalk launches INR 150 Cr fund to back early-stage startups

Riverwalk Holdings has aunched an INR 150 Cr early-stage venture capital fund to invest in consumer brands, software-as-a-service (SaaS), fintech, and consumer tech startups from seed to Series A stage. The fund will be investing up to INR 10 Cr in each startup
26/05/2022

Ex-Gaana CEO’s NFT Marketplace FanTiger Raises USD 5.5 Million To Help Artists Create & Sell Music NFTs

NFT marketplace FanTiger has raised USD 5.5 Million in a seed round led by Multicoin Capital. Institutional investors including Krafton, Pravega Ventures, GAMA, Woodstock Fund, IOSG Ventures and Polygon participated in the seed round.
26/05/2022

Robotics Startup Genrobotics Raises Funding From Zoho To Alleviate Manual Scavenging

Robotics startup Genrobotics has raised INR 20 Cr from Chennai and San Francisco-based SaaS giant Zoho Corp. The funds will be used to expand Genrobotics’ R&D, build large production facilities, hire talent and expand its footprint across the world.
26/05/2022

Men’s D2C Apparel Brand Almo Secures Investment To Offer Sustainable Clothing

Sustainable men’s apparel D2C startup Almo has raised USD 2 Million in a Pre-Series A funding round led by Inflection Point Ventures along with LetsVenture, AngelList India, and other angel investors.
26/05/2022

EV Financing Startup Three Wheels United Bags USD 10 Million To Launch In 10 New Cities

Three Wheels United , a fintech startup that provides financing for electric vehicles has raised USD 10 Million in a Series A round of funding led by Delta Corp Holdings. Existing investor Techstars, along with new ones Grip Invest with a few investors in the Middle East and Europe also […]
26/05/2022

Edtech Startup Infinity Learn Acquires Majority Stake In Wizklub

Edtech startup Infinity Learn has acquired a majority stake in Wizklub for USD 10 Million. Wizklub is a holistic cognitive development edtech startup targeted at 6-14 years old school children. With this acquisition, Infinity Learn has launched ’Infinity Futurz’ to further augment its portfolio offerings to the K12 segment
26/05/2022

Bharat Innovation Fund Backs Software Startup A5G Networks

Software startup, A5G Networks has received an undisclosed amount of investment from deep tech-focussed venture capital fund Bharat Innovation Fund. The funds will be used to hire talents, boost customer engagement across the globe and accelerate A5G’s business.
26/05/2022

Inventus eyes INR 900 Cr corpus for 4th fund, rebrands itself as Athera

Early-stage venture capital (VC) firm Inventus India has launched the fourth fund that seeks to raise INR 900 cr and has rebranded itself as Athera Venture Partners
26/05/2022

Country Delight raises USD 108 Million in Series D round

Country Delight, a direct-to-consumer (D2C) food essentials brand has raised USD 108 Million in a Series D round taking its valuation to USD 615 Million. The round was led by new investors Venturi Partners and Temasek with participation from SWC Global and Trifecta Capital
26/05/2022

Blockchain-based STAN bags funding from General Catalyst, Better Capital, others

Blockchian-based esports fan engagement startup STAN has secured seed funding of USD 2.5 Million led by General Catalyst. The round also saw participation from Better Capital and Eximius Ventures, along with angel investors including Aadil Mamujee from Opensea and Nakul Gupta from Coinbase, among others.
26/05/2022

ABB’s e-mobility wing buys controlling stake in EV-focused firm Numocity

Global tech firm ABB Group’s electric mobility arm has acquired a controlling stake in Bengaluru-based electric vehicular infra company Numocity Technologies for an undisclosed amount. This is the first acquisition by a global company in the Indian EV space
26/05/2022

Dallas Venture Capital raises separate India fund of USD 50 Million

US-based venture capital (VC) firm Dallas Venture Capital is raising a separate fund in India of USD 50 Million from local investors even as it closed its main fund in the US. DVC US Fund II plans to invest alongside its India fund in business-to-business SaaS startups over the next […]
26/05/2022

WSO2 raises USD 93 Million in round led by Info Edge arm, existing investor Goldman Sachs

Digital transformation technology provider WSO2 has marked final closure of its Series E funding of USD 93 Million led by Info Edge’s arm RedStart Labs and Goldman Sachs. WSO2 plans to use the fresh proceeds to expand its business footprint across India.
26/05/2022

India Discovery Fund, Mumbai Angels, others back edtech firm SpeEdLabs

Artificial intelligence-based ed-tech platform SpeEdLabs has raised a pre-Series round of USD 2.5 Million led by 35 North Venture – India Discovery Fund. The round also saw participation from Mumbai Angels, LetsVenture, Ecosystem Ventures, Ah Ventures, SucSeed Ventures, and a few family offices.
25/05/2022

Edtech startup Jovian raises capital from Y Combinator, others

Data science and machine learning-focused ed-tech startup Jovian has raised INR 12 Cr in its seed funding round led by Multiply Ventures and also saw participation from Y Combinator, Better Capital and angel investors such as Kunal Shah, Phanindra Sama, Aprameya Radhakrishna, Anand Madhavan, among others
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