Archive News


Agri-tech startup Gramophone raises Series A funding from Info Edge, others

Agricultural technology startup Gramophone, which provides actionable insights to farmers through its platform, has raised USD 3,5 million in its Series A round of funding from a clutch of investors.

Temasek lining up USD 100 million for Ascent Health and Wellness

Temasek is finalising an estimated USD 100 million equity financing round in Ascent Health and Wellness, as global investors continue to pump in capital in pharmaceutical ventures.

Faasos parent Rebel Foods gets USD 125 million from Coatue, others

Rebel Foods, which owns and operates multi-brand cloud kitchen platforms, has raised USD 125 million in a fresh round of funding, led by New York-based technology-focused hedge fund Coatue Management.

Walmart likely to put USD 50 million into NinjaCart

US retailing behemoth Walmart has committed to investing close to USD 50 million in fresh fruit and vegetable supply chain startup Ninja-Cart.

Healthcare services aggregator Plunes raises angel funding

Plunes Technologies Pvt Ltd, which provides medical solutions by aggregating doctors and healthcare service providers, has raised USD120,000 from angel investors as part of an ongoing seed round.

Venture Catalysts sets up USD 43 million accelerator fund to back startups

Venture Catalysts, a Mumbai-based startup incubation platform, has floated a fund with a corpus of INR 300 crore to help early-stage Indian startups expand their business.

Tiger Global leads USD 75 mn funding round in UrbanClap

US-based investment firm Tiger Global has led a Series E funding round of USD 75 million in UrbanClap Technologies India Pvt Ltd, a Gurugram-based startup that operates a home services marketplace.

Dutch development bank FMO plans USD 42 mn investment in Aavishkaar Venture

FMO, the Netherlands’ development finance company, plans to make an investment of USD 42 million in social-impact investor and asset manager Aavishkaar Venture Management Services Pvt Ltd.

Vymo gets Series B cheque from Salesforce investor, Sequoia

Vymo an app that helps field sales teams manage their work more efficiently, has raised USD 18 million in a Series B funding round from venture capital firm Emergence Capital.

Sequoia leads Series A funding round for fintech firm Progcap

Financial technology startup Progcap has raised USD 5 million in a Series A round of funding led by venture capital firm Sequoia Capital India.

Customised apparel brand Alma Mater Store gets funding from Wazir Advisors MD

Alma Mater Store, a customised apparel brand, has raised USD 200,000 from Harminder Sahni, who is the founder and managing director of Wazir Advisors.

Sequoia Capital, DSP Group, others lead INR 100 crore funding round in Pocket Aces

Sequoia Capital, DSP Group and 3one4 Capital, have led a INR 100 crore funding round in Mumbai-based Pocket Aces, the digital entertainment company.

Bounce is looking to raise USD 30 million for electric vehicle arm

Scooter sharing app Bounce plans to raise USD 30 million exclusively for its electric vehicles subsidiary Zuink Smart Mobility Solutions, from, Existing investors including Accel Partners, Sequoia Capital, Chiratae Ventures and others are likely to lead the first funding round.

Steadview in talks to join BharatPe’s USD 75 million round

Hong Kong-based hedge fund Steadview Capital, which has backed companies like Ola and Flipkart, is set to join as a new investor in BharatPe, a QR code payments app for offline merchants

MindTickle gets USD 40 million from Norwest, Others

Sales enablement platform MindTickle has secured USD 40 million in fresh funding, led by US-based venture capital fund Norwest Venture Partners.

Trifecta doubles down on BigBasket with big venture debt cheque

Trifecta Capital has extended a venture debt funding of INR 100 crore to its existing portfolio company BigBasket, underling the growing appetite of venture debt firms to write big-ticket cheques.

Fin-tech firm Easy Home Finance, P2P marketplace PaisaDukan secure funding

Mortgage-tech firm Easy Home Finance Ltd and peer-to-peer lending marketplace PaisaDukan,com have raised institutional funding.

Digital lender Indifi raises $21 mn from CDC, others

Gurugram-based fintech startup Indifi Technologies Pvt Ltd has raised USD 21 million in a fresh round of funding led by the UK government-owned development finance institution CDC Group Plc.

Alteria Capital closes its maiden fund at INR 960 crore

Alteria Capital has made the final close of its maiden fund at INR 960 crore, with the Mumbai-based venture debt firm bringing on board a number of top investors and financial institutions as backers for its first investment vehicle.

Udaan to raise USD 500 million, valuation may climb 2x to USD 2,2 billion

Udaan, an online marketplace that caters to small businesses, is close to raising around USD 500 million in fresh funds, which is likely to almost more than double the company’s valuation from its previous round to USD 2,2 billion

StashAway gets USD 12 million from Eight Roads, Others

Eight Roads Ventures has led a USD 12 million investment round in intelligent wealth management platform StashAway.

InnoVen Capital invests INR 16 crore in boAt

InnoVen Capital has recently invested INR 16 crore in consumer electronics startup boAt.

Swiss, South African investors lead funding in cell therapy startup Eyestem

Bengaluru-based cell therapy startup Eyestem Research Pvt Ltd has raised funding from Swiss and South African investors funding to carry out human clinical trials for understanding the major causes of incurable blindness.

Accel invests more money in trade finance firm Drip Capital

Drip Capital has raised USD 25 million in its Series B round of funding led by existing investor Accel, which is a global venture capital firm.