Archive News

13/04/2022

LenDenClub set to launch VC fund, eyes to back up to 25 startups

LenDenClub, a peer-to-peer (P2P) lending platform will be launching a venture fund to back fintech startups in seed and pre-Series A stage. The company will allocate up to USD 2-3 Million with an aim to back around 20-25 startups
12/04/2022

Home Interiors Ecommerce Marketplace YOUKRAFT Secures USD 10 Million Funding For Pan India Expansion

Home interiors and construction ecommerce marketplace YOUKRAFT has secured USD 10 Million in seed funding from the Goel Family Office including Manav Goel.
12/04/2022

MyShubhLife Raises USD 13.18 Million In Series B Funding From Gojo To Grow Its NBFC Book

Bengaluru-based lending tech startup MyShubhLife has raised USD 13.18 Million from Gojo & Company, a global investment holding company, to grow its Non-Banking Financial Company (NBFC) book.
12/04/2022

Blume Ventures-backed Medfin snags USD 15 Million from Arka Nxt, Axilor, others

Day-care surgeries focused Medfin has secured Series B funding of USD 15 million from Arka Nxt, Singapore-based HealthXCapital, Blume Ventures, Axilor Ventures, Sony and Kotak Investments.
12/04/2022

Alpha Wave Ventures invests USD 100 Million in Lenskart

Eyewear brand Lenskart has secured USD 100 million in a new round from Alpha Wave Ventures.
12/04/2022

Phablecare raises INR 187 Cr from Kalaari Capital, Aflac, others

Chronic disease management platform Phablecare has raised INR 187 crore in a fresh round led by Kalaari Capital. New investors Aflac Ventures, Digital Horizon and Stride Ventures participated in the round, the Press Trust of India reported citing a company statement.
11/04/2022

Ronnie Screwvala-Led upGrad Completes Acquisition Of Higher Education Startup Talentedge

Edtech unicorn upGrad has completed the acquisition of higher education startup Talentedge. Talentedge will continue to operate under the upGrad umbrella carrying its own name
11/04/2022

Walton Street BlackSoil fund invests INR 75 Cr in Shapoorji Pallonji’s JV

Walton Street BlackSoil Real Estate Debt Fund II (WSBREDF II) will invest INR 75 crore in Vakratunda Buildcon Pvt Ltd (VBPL), a joint venture (JV) between Shapoorji Pallonji Group and Vakratunda Group.
11/04/2022

Elevation Capital raises USD 670 Million for fifth India-focussed fund

Venture capital and growth-equity investment firm Elevation Capital has raised USD 670 million for its fifth India-focussed vehicle. The new vehicle just like its predecessors would continue to focus on the Seed and Series A stage.
11/04/2022

Sequoia’s Surge, Nexus Venture, others back one-year-old video platform Dyte

Live video and audio calling platform Dyte announced USD 11.6 million capital raise from Unbound, Sequoia Capital India’s Surge and Nexus Venture Partners in a seed round.
08/04/2022

Foodtech Unicorn Rebel Foods Acquires Majority Stake In Chocolate Brand SMOOR

Foodtech unicorn Rebel Foods has acquired a majority stake in luxury chocolate brand SMOOR to further consolidate its position as the Thrasio of food. The amount of acquisition was not disclosed by either of the companies but Rebel Foods has acquired more than 50% stake in Bengaluru-based chocolate brand SMOOR
08/04/2022

GIC To Invest USD 200 Million In CRED, Valuation To Reach USD 6.5 Billion

Singapore-based sovereign wealth fund GIC would lead a fresh funding round of USD 200 Million in fintech startup CRED. The new funding round would value Dreamplug Technologies, the parent company of CRED at more than USD 6.5 Billion
08/04/2022

Jimmy’s Cocktails Raises Funding To Take Omnichannel Approach For Expansion

F&B startup Jimmy’s Cocktails has raised USD 1.8 Million in Pre-Series A funding round led by Roots Ventures and also saw participation from 7Square Ventures, Vishesh Khurana, Varun Alagh and existing investors including Keki Mistry, Vidur Talwar, Anirudh Somani among others
08/04/2022

P2P Rural Commerce Startup Rozana Raises Pre-Series A Funding From 3one4 Capital, Others

Peer-to-peer (P2P) rural commerce startup Rozana has raised USD 2.5 Million in a Pre-Series A round led by 3one4 Capital and Europe’s IEG-Investment Banking Group. The round also saw participation from angel investors Manisha Girotra, the CEO of Moelis and Surendra Kumar Jain, cofounder at Sequoia & Westbridge Capital.
08/04/2022

Content intelligence firm Instoried gets GEM’s USD 200 Million capital commitment

Instoried, an artificial intelligence (AI)-based content intelligence platform has secured a capital commitment of USD 200 million from alternative investment fund GEM Global Yield Fund LLC. Company plans to use the funds to expand its global marketing efforts primarily in the US.
07/04/2022

Speciale Invest Sets Up Second VC Fund Worth INR 286 Cr With Focus On Early Stage Startups

Speciale Invest has announced the final closure of its second fund of INR 286 Cr. The fund’s interests include enterprise software products (emerging from deep tech in cloud, voice & vision ML/AI, image analytics, AR/VR ) and industrial hardware products (emerging from deep tech in propulsion tech, robotics, rocket engines, […]
07/04/2022

Token Powered Social Media Network Taki Bags USD 3.4 Million Funding To Bet Big On India

Taki bags which positions itself as a platform where users can earn a ‘daily income by simply posting content and chatting with others has raised USD 3.4 Million from 11 investors including Indian crypto exchanges such as CoinDCX and Coinbase Ventures, among other firms
07/04/2022

Eight Roads Ventures leads Series A round in healthtech firm Doceree

Doceree Media which runs physician-only platform Doceree has raised Series A funding of USD 11 Million led by Eight Roads Ventures with participation from F-Prime Capital and Alkemi Growth Capital.
07/04/2022

Sequoia-backed Rattle snags USD 26 Million from Insight Partners, GV, others

Software-as-a-service (SaaS) startup Rattle Software has raised USD 26 Million in a Series A round led by US-based Insight Partners. The fundraise also saw participation from GV, formerly known as Google Ventures, and existing investors Sequoia Capital India and Lightspeed India Partners.
07/04/2022

IndiQube bags USD 30 Million from promoters, WestBridge Capital

Flexible workspace provider IndiQube has raised USD 30 Million in Series B funding for its next phase of growth, from the company’s promoters, existing investors WestBridge Capital and Ashish Gupta., an angel investor
06/04/2022

CultYvate raises INR 4.5 crore in a pre-series A round from Sunicon Ventures, others

CultYvate, an IoT-enabled agritech platform has raised INR 4.5 crores in a pre-series A round. The round was led by Sirius One Capital Fund, alongside other marquee investors including Sunicon, The Chennai Angels, LV Angel Fund, and Prodapt Technology Holding.
06/04/2022

Aavishkaar Capital announce USD 130 Million first close of its sixth India fund

Aavishkaar Capital, the impact investing arm of the Aavishkaar Group, has announced USD 130 million first close of its sixth fund dedicated to India.
06/04/2022

‘Save Now, Buy Later’ Focused Fintech Startup Tortoise Bags Funding From Vertex, Kunal Shah

Fintech startup Tortoise has received USD 2.3 Million in a seed funding round led by Vertex Ventures. Better Capital, Cloud Capital, and other investors including Kunal Shah, founder of CRED; Neeraj Arora, former chief business officer of WhatsApp; Ankur Nagpal, founder of edtech firm Teachable; and Ganesh Rengaswamy, cofounder of […]
06/04/2022

PayU, IFC Invest USD 15 Million In Supply Chain Finance Startup Vayana Network

Mumbai-based supply chain finance provider Vayana Network is raising funding from two global fintech solution providers – PayU, and International Finance Corporation.
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