Archive News

31/03/2022

Citymall snags USD 75 Million led by Norwest Venture Partners at USD 300 Million Valuation

Cmunity Innovations Pvt Ltd, which runs online retail platform Citymall, has secured Series C funding of USD 75 million led by Norwest Venture Partners. The fundraise also saw participation from General Catalyst, Citius, Jungle Ventures, Arena Ventures, Elevation, Accel and Waterbridge.
31/03/2022

RummyCircle parent secures USD 75 Million, turns unicorn at USD 2.5 billion valuation

Games24x7 Pvt Ltd, the parent company of gaming platforms such as My11Circle and RummyCircle, has raised USD 75 million in a funding led by Malabar Investment. The round also saw participation from existing investors Tiger Global Management and Raine Group.
31/03/2022

Matrix Partners-backed FarMart snags USD 32 Million in Series B round

FarMart, a software-as-a-service (SaaS)-led food supply platform, has raised Series B funding of USD 32 million (Rs 244 crore) led by General Catalyst, with participation from existing investors Matrix Partners India and Omidyar Network India.
30/03/2022

Healthtech Startup Phable Bags USD 24.5 Millionn From Aflac Ventures, Kalaari Capital

Bengaluru-based healthtech startup Phable is raising around USD 24.5 Million in a fresh round of funding. The round is being led by new investor Kalaari Capital. The round further saw participation from Aflac Ventures, SOSV, Omron Ventures, Stride Ventures, among others.
30/03/2022

Banking Infra Provider CARD91 Bags USD 13 Million From Infinity, Point72 Ventures

Chennai-based fintech startup Vivriti Capital has raised USD 55 Million in its Series C funding from Lightrock India and Creation Investments.
30/03/2022

Developer Hiring Startup HackerRank Bags USD 60 Million Funding

Tech hiring platform HackerRank has raised USD 60 Million in a Series D funding round led by Susquehanna Growth Equity.The round also saw participation from other marquee investors that include JMI Equity, Khosla Ventures, Randstad Innovation Fund and Recruit Holdings.
30/03/2022

Binny Bansal-Backed 021 Capital Invests USD 5.5 Million In Online Grocery Retail Startup SuperK

Kadapa-based SuperK, a tech-enabled franchised grocery retailer for small towns, has secured USD 5.5 Million in a Pre-Series A round led by Binny Bansal-backed 021 Capital with participation from other investors. The investors who participated in the grocery startup’s funding round include Curefoods founder Ankit Nagori, Razorpay founders’ Harshil Mathur […]
30/03/2022

Pine Labs Raises USD 50 Million From Vitruvian Partners At USD 5 Billion Valuation

Fintech unicorn Pine Labs has closed a recent funding round worth USD 50 Million, raising money from PE company Vitruvian Partners at a valuation of slightly more than USD 5 Billion.
30/03/2022

Healthtech Startup GOQii Raises USD 10 Million To Launch Its Health Metaverse

Fitness technology startup GOQii Inc. has raised USD 10 Million in an extended Series C equity round from Animoca Brands to launch its health metaverse. The startup also plans to develop various offerings that leverage blockchain tokens and gamification in preventive healthcare, in collaboration with Animoca Brands and its ecosystem […]
30/03/2022

India-Focused GEF Capital Partners Closes SAGF II At USD 200 Million

India-focused clean energy private equity company GEF Capital Partners (GEF) has raised nearly USD 200 Million sealing its South Asia Growth Fund II (SAGF II). Eight investors including CDC Group of UK, European Investment Bank, FMO, Proparco, Swedfund, BIO, International Finance Corp (IFC), and the US Development Finance Corp, among […]
30/03/2022

Insitor marks first close of IIAF II; raises USD 42 Million

Insitor Partners has marked the first close of its Insitor Impact Asia Fund II (IIAF II) at USD 42 million with the Dutch Good Growth Fund (DGGF) as well as two core investors from Insitor’s previous fund – the UK government’s British International Investment and Insitor’s founding family offices participating […]
30/03/2022

Classplus raises USD 70 Million from Tiger Global, Alpha Wave, others at USD 600 Million Valuation

Edtech startup Classplus, operated by Bunch Microtechnologies Pvt Ltd, has secured Series D funding of USD 70 million co-led by Tiger Global Management and Alpha Wave Global. The round also saw participation from Abu Dhabi-based Chimera Ventures, with existing investor RTP Global.
30/03/2022

Wipro consumer venture arm becomes LP, makes maiden overseas bet in Singapore fund

Wipro Consumer Care – Ventures, the venture funding arm of Wipro Consumer Care & Lighting, has made its first overseas investment in Singapore-based venture capital (VC) Fund DSG Consumer Partners IV (DSG).
30/03/2022

Health tech firm Qure.ai raises USD 40 Million led by Novo, HealthQuad

Qure.ai, a health tech firm using artificial intelligence (AI) for medical imaging diagnostics, has raised USD 40 million in fresh capital led by Novo Holdings and HealthQuad.
30/03/2022

Sequoia-backed LambdaTest raises USD 45 Million led by Premji Invest

Sequoia Capital India-backed LambdaTest, an end-to-end cloud-based test orchestration platform, has raised USD 45 million in a venture round led by Premji Invest.The funding round saw participation from existing investors Sequoia Capital India, Telstra Ventures, Blume Ventures, and Leo Capital.
29/03/2022

Chennai-Based Fintech Vivriti Capital Raises USD 55 Million To Build Global Asset Management Platform

Chennai-based fintech startup Vivriti Capital has raised USD 55 Million in its Series C funding from Lightrock India and Creation Investments. Vivriti will be deploying funds for business expansion as well as technology for acquisitions, product delivery and portfolio management.
29/03/2022

Tata Capital’s PE Fund Raises USD 126 Million To Invest In Healthcare, Pharma Sectors

Tata Capital has announced a USD 126 Million fundraise by a private equity arm for investing in healthcare and pharma sectors in India.
29/03/2022

Edtech Startup Saarthi Pedagogy Bags USD 2.1 Million To Expand Sales Footprint

Edtech startup Saarthi Pedagogy has raised about USD 2.1 Million as a part of its Pre-Series A funding round led by Pinnacle Investments.The fresh capital will be deployed for product enhancement, widen the tech team, content creation and expansion of the sales footprint.
29/03/2022

Mobility Startup Chalo Acquires Two-Wheeler Rental Platform Vogo To Offer Better Experience

Mumbai-based mobility startup Chalo has acquired Bengaluru-based two-wheeler rental platform Vogo in a share-swap deal. Chalo is planning to take Vogo to all 37 cities it currently operates.
29/03/2022

Edtech Startup CollegeDekho Acquires PrepBytes To Expand Its Upskilling Vertical

Edtech startup CollegeDekho has acquired Delhi-NCR based PrepBytes in a cash and equity deal to expand its learning and upskilling vertical CollegeDekho Learn.
29/03/2022

INDmoney Raises USD 11 Million From Sixteenth Street Capital, Peyush Bansal, Ankur Warikoo In Series D Funding Round

Neobanking platform INDmoney has completed its Series D round by raising USD 11 Million from Singapore-based Sixteenth Street Capital, Peyush Bansal, founder, Lenskart, and influencer and founder of Nearbuy.com, Ankur Warikoo.
29/03/2022

Meesho, Rivigo, Cars24 And 50 Founders Form Bharat Founders Fund, To Invest In 100 Early Stage Startups

Founders and entrepreneurs from a host of backgrounds have come together to unveil the newly announced Bharat Founders Fund (BFF).The fund will invest in seed-stage startups and will enable them to ramp up and scale operations to reduce ‘friction for emerging startups to connect with big investors.’ The fund is […]
29/03/2022

D2C Personal Care Startup mCaffeine Raises USD 31 Million To Fuel International Expansion

Single-ingredient D2C personal care startup, mCaffeine has raised USD 31 Million as part of its Series C funding round led by Paragon Partners. The funding round also saw participation from VC firms Singularity Growth Opportunities Fund, Sharrp Ventures, along with existing investors such as Amicus Capital Partners and RPSG Capital […]
28/03/2022

PVR, INOX Leisure set to merge operations

In a major twist, India’s leading multiplex chain PVR, has decided to combine operations with the second largest multiplex chain, INOX Leisure. The boards of the two companies in their respective meetings approved an all-stock amalgamation of INOX with PVR. Post the merger, INOX Promoters will have 16.66% stake, while […]
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