06/07/2020

Online pharmacy 1mg to raise USD 17.8 mn debt from investor consortium

Gurugram-based 1mg Technologies, which operates an eponymous online pharmacy, is raising USD 17.8 million debt from MPOF Mauritius, MAF Mauritius and Swiss healthcare-focused firm HBM Healthcare Investment. Other investors in the round include the family office KWE Beteiligungen and World Bank’s investment arm International Finance Corporation (IFC).  
06/07/2020

Retail-tech startup Gobbly raises seed funding from Sauce.vc

Rudraksha Tech Labs Pvt. Ltd, which operates contactless retail-tech startup Gobbly, has raised INR 3.7 crore  in seed funding from early-stage consumer-focused venture firm Sauce.vc.  
06/07/2020

Deepika Padukone-backed Blu Smart raises funding from Mumbai Angels, others

Blu Smart Mobility Pvt. Ltd, an electric taxi-hailing and riding platform, has raised INR 37 crore in a pre-Series A funding round, from Mumbai Angels Network, Inflection Point Ventures and others.  
06/07/2020

Mumbai Angels Network invests in defence-tech startup Big Bang Boom

Big Bang Boom Solutions (BBBS) Pvt. Ltd, which operates a defence-technology company focused on developing indigenous intellectual property, has raised USD 1 million from Mumbai Angels Network.  
06/07/2020

Better Capital, Snapdeal founders invest in AI startup Inspektlabs

Inspektlabs Inc., an inspection-focused startup based on artificial intelligence , has raised INR 4.5 crore in a pre-Series A funding round led by venture firm Better Capital and Titan Capital. A clutch of angel investors also participated in the funding round.  
03/07/2020

Indian social video app MitronTV raises seed funding, aims to fill TikTok void

Mitron TV Pvt. Ltd, which operates social video platform MitronTV, has raised INR 2 crore in seed funding. Investors that have participated in funding the Bengaluru-based startup include venture capital firm 3one4 Capital as well as a LetsVenture syndicate led by Arun Tadanki.  
03/07/2020

B2B marketplace Bulk MRO secures debt funding from Stride Ventures

Business-to-business marketplace startup Bulk MRO Industrial Supply Pvt. Ltd, which is backed by US incubator Y Combinator, has raised INR 25 crore  in debt funding from Stride Ventures.  
03/07/2020

Manufacturing services marketplace Zetwerk snags Series C funding

Bengaluru-based Zetwerk Manufacturing Businesses, which operates a business-to-business manufacturing services marketplace, has raised USD 21 million in a Series C funding round led by San Francisco-based Greenoaks Capital, Zetwerk. Other participants include existing backers Accel, Kae Capital, Lightspeed and Sequoia Capital India.  
02/07/2020

Forbidden Foods raises seed funding; to compete with PepsiCo, ITC

Packaged foods startup Forbidden Foods has raised seed funding of USD 1 Million from marquee angel investors and rolled out its first product line to compete directly with PepsiCo, Parle, ITC in the organised snacks space.  
02/07/2020

Edtech startup Flinto raises USD 7.2 Million in Pre-Series B led by Lightbox Ventures

Flinto Learning Solutions, a Chennai-based edtech startup, has raised USD 7.2 million in Pre-Series B funding, led by Lightbox Ventures. The funding will be utilised by Flinto to support its rapid growth in the early learning space and to expand its newly-launched preschool solution Flintoclass@HOME.    
02/07/2020

Artha Venture Fund backs kids’ cab service platform Piggy Ride in eighth bet

Early-stage micro venture capital firm Artha Venture Fund has invested INR 3.5 crore in a mobility platform for kids, Piggy Ride. The investment is part of Piggy Ride’s pre-Series A funding round. The funding was led by existing investor JAFCO Investment Asia Pacific, a Tokyo-based venture capital firm.  
01/07/2020

Unicorn India Ventures strikes second deal from Fund II, backs fintech ChitMonks

Hyderabad-based Pangean Global Services, which owns and operates fintech platform ChitMonks, has raised USD 650,000 in its first institutional funding round from venture capital firm Unicorn India Ventures.  
01/07/2020

Agritech startup Arya raises debt funding for NBFC unit

Delhi-based agritech startup Arya Collateral Warehousing Services, has raised an undisclosed amount in a debt funding round from Zurich headquartered investment firm responsAbility.  
01/07/2020

Automated data integration provider Fivetran raises USD 100 Million at USD 1.2 Billion valuation

Fivetra​n,​ a Bengaluru-based company in automated data integration with headquarters in Silicon Valley, has raised USD 100 million in Series C funding, led by Andreessen Horowitz (a16z) and General Catalyst, with participation from existing investors CEAS Investments and Matrix Partners.  
01/07/2020

Edtech platform Ken42 raises INR 11 crore in fresh round

Bengaluru based ed-tech startup Ken42 has raised a funding round of INR 11 crore led by Turbostart, a national programme for early stage startups. The round also saw participation from Muralidhara C, Managing Partner, Murali & Co, Advocates and Mohan Raju Manthena, Director, SRK Infrastructure.  
30/06/2020

YourNest exits voice AI startup Uniphore with stellar returns

YourNest Venture Capital has struck stellar return from its six-year-old investment in Uniphore Software Systems Pvt. Ltd that had raised a big-ticket Series C cheque led by March Capital Partners last year. The early-stage venture capital firm generated 6.6 times returns on its investment in Uniphore.  
30/06/2020

GetMyUni eyes online certification space with Avagmah acquisition

Edtech startup GetMyUni Education Services has acquired Avagmah, a platform that offers online degree programmes and skill development courses, from its parent Aeon Learning.  
30/06/2020

Men’s health and wellness startup Bold Care raises pre-seed round

Bold Care, a Mumbai-based men’s health and wellness startup, has raised an undisclosed pre-seed round of funding from an array of strategic investors. These include Rajesh Ranavat, Executive Director at Fung Strategic Investments; Abhishek Shah, Founder of ConsumerX; Kabir Kochhar and others.  
29/06/2020

Cloud kitchen Samosa Party raises bridge funding round from IP Ventures

Samosa Party Foods, a Bengaluru-based food-tech company that owns and operates an eponymous cloud kitchen platform, has raised an undisclosed amount in a bridge funding round, led by Inflection Point Ventures.  
29/06/2020

Budget hotel chain Treebo to raise USD 2.98 million in growth funding round

Bengaluru-based Ruptub Solutions, which owns and operates budget hotel chain Treebo, is in line to raise USD 2.98 million in a growth funding round from returning investors, including German firm Bertelsmann’s India investment unit, Matrix Partners India and SAIF Partners.  
29/06/2020

Micro delivery app OwO raises INR 5 crore

Subscription-based micro-delivery app OwO, dealing in essential goods deliveries starting with packaged water, said it has raised funding on INR 5 crore to set up operations across Gurugram with plans to expand to Delhi, followed by Mumbai, Hyderabad and other cites within 2020-21.  
29/06/2020

Byju’s valuation surges to USD10.5 billion

Famed Silicon Valley investor and analyst Mary Meeker’s Bond Capital has invested an undisclosed amount in education technology startup Byju’s at a valuation of USD 10.5 billion. The new valuation is a 30% increase from the $8-billion tag Byju’s got just in January, and makes it the second-most valued startup […]
26/06/2020

Deal Announcement: New age digital media firm Rusk Media raises seed funding round via Enablers

Delhi-based digital media firm Rusk Media has raised undisclosed seed round from InfoEdge Venture Fund, Sprout Venture Partners, Survam Partners, and an undisclosed institutional investor aided by ValPro’s startup advisory vertical, Enablers. Rusk Media creates video content across genres such as fiction, music, lifestyle and technology, targeting Gen-Z and millennial […]
26/06/2020

Lightspeed, Falcon Edge lead Series A funding in enterprise AI startup Nextbillionai

NextBillion AI, which operates the artificial intelligence-based enterprise platform focussed on hyperlocal solutions, has raised USD 7 million in its Series A funding round by Lightspeed Venture Partners and Falcon Edge Capital.  
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