15/02/2022

Fitness Unicorn Cult.fit Acquires Indian Business of Gold’s Gym

Fitness unicorn Cult.fit has acquired a majority stake in F2 Fun & Fitness which owns the Indian franchise of international gym chain Gold’s Gym. With this acquisition, Cult.fit will now operate the Indian chain of Gold’s Gym.
15/02/2022

CredAvenue Acquires Spocto To Enable Debt Recovery

Debt marketplace startup CredAvenue has acquired about 75% stake in digital collections startup Spocto for around INR 400 Crores. This will help expand the company’s product offerings to include a digital collection solution for lenders and further improve its value proposition to the BFSI sector.
15/02/2022

Shiprocket Marks 4th Acquisition In 2022, Buys Supply Chain Management Startup Glaucus

Tech-enabled logistics and fulfillment startup Shiprocket has acquired a majority stake in supply chain management startup Glaucus. The transaction would allow Shiprocket to accelerate development solutions that would further accelerate speed, accuracy, and efficiency in the purchase process across trade channels.
15/02/2022

Sequoia Leads USD 12 Million Series A In Health Insurance Startup Kenko Health

Bengaluru-based health insurance startup Kenko has raised USD 12 Million in Series A funding led by Sequoia India and also saw participation from existing investors like BEENEXT, Orios, 9Unicorns, and Waveform
15/02/2022

Sequoia’s Surge writes USD 1.9 Million seed cheque to SaaS platform BiteSpeed

Software-as-a-service (SaaS) platform BiteSpeed has bagged seed funding of USD 1.9 million led by Sequoia India’s Surge and also saw participation from First Cheque, Whiteboard Capital, Cred’s Founder Kunal Shah, and Ankur Nagpal, Founder of Teachable.
15/02/2022

Jio to invest USD 200 Million in Singapore’s AI-backed lock screen firm Glance

Glance, an artificial intelligence (AI)-driven lock-screen live content and commerce platform, has agreed to raise USD 200 Million in a Series D round of funding from Jio Platforms, a subsidiary of Reliance Industries
15/02/2022

Mamaearth parent buys BBlunt for INR 134 Crores to venture into hairstyling segment

Mamaearth has bought BBlunt, a hair color and styling products brand owned by GCPL for INR 134 Crores to make forays into the hair color and hairstyling categories. BBlunt hair care and styling business will be completely owned and managed by Mamaearth and salon will work independently
14/02/2022

Swiggy To Acquire Dineout In A USD 200 Million Deal; To Take On Zomato’s Dine-In Biz

Food delivery giant Swiggy is in the final stages of acquiring Times Internet’s online restaurant table booking service platform Dineout. With this deal, Dineout’s majority shareholder, Times Internet will be exiting the company.
14/02/2022

Mensa Brands leads Series A round in beauty brand RENEE Cosmetics

Homegrown beauty brand RENEE Cosmetics has raised USD 10 Million in its Series A round of funding led by Thrasio-styled venture Mensa Brands.The round also witnessed participation from the existing investors including Equanimity Ventures and 9Unicorns
11/02/2022

Infra.Market Bags USD 30 Million In Debt From Sachin Bansal’s NAVI Finserv, Others

Construction-focused marketplace Infra.Market has raised USD 30 Million in a debt funding round led by Sachin Bansal’s NAVI Finserv, in participation with Vivriti Capital, IFK Finance, Meesho’s Vidit Aatrey, Incred Wealth, Credavenue, Sanjeev Kumar among others.
11/02/2022

YC-Backed Invoicing & Accounting Startup Swipe Bags Funds From Kunal Shah, Soma Capital

Invoicing & Accounting Startup Swipe Bags has raised USD 2 Million in a seed funding round led by Y Combinator and also saw participation from Global Founders Capital, Soma Capital, Locus Ventures, Duro Ventures, Lish & Oliver Jung. 25+ angels, including CRED’s Kunal Shah, Justin Hamilton, GoCardless’ Matthew Jack Robinson, […]
11/02/2022

Bollywood actor Pankaj Tripathi invests in agritech startup Krishi Network

Agritech app Krishi Network has roped in actor Pankaj Tripathi as its brand ambassador who has also backed the platform for an undisclosed capital. The startup plans to use the fresh funds to boost its artificial intelligence-based technology platform across India.
11/02/2022

RIL subsidiary to invest INR 50 Crores in Altigreen Propulsion Labs

A subsidiary of Reliance Industries announced the acquisition of a stake in electric vehicle (EV) technology and solutions company Altigreen Propulsion Labs Pvt Ltd for INR 50.16 Crores. The investment is part of the company’s strategic intent of collaborating with innovative companies in mobility ecosystem
11/02/2022

Runo raises USD 5,00,000 in a funding round led by Unicorn India Ventures

Call and customer relationship management solution platform Runo has raised USD 500,000 as a part of its pre-Series A round led by Unicorn India Ventures. The firm plans to deploy the fundraise to rev up the product roadmap and expand reach to the Middle East, SEA, and the US market […]
11/02/2022

Better Opinions raised funding to expand their product and tech team

Trading platform Better Opinions has raised pre-seed funding of USD 1 Million from Y Combinator, Java Capital, Soma Capital. The round also saw participation from Mayank Kumar, Sudhanshu Raheja, Pratyush Prasanna and Chinmaya Sharma
11/02/2022

VC-backed Imarticus Learning buys game-based learning platform StratOnBoard

CBA Capital-backed professional education platform Imarticus Learning has bought a game-based learning platform StratOnBoard for an undisclosed amount in a mix of cash and stock deal
10/02/2022

Binny Bansal’s xto10x Raises USD 25 Million From Bansal Himself And 28 Others

SaaS-based consultancy startup xto10x which helps growth-stage startups scale has raised USD 25 Million in its Series A round led by its cofounder Binny Bansal.The round also saw participation from 28 founders including Razorpay’s Shashank Kumar
10/02/2022

Xpressbees Enters Unicorn Club With USD 300 Million Funding From Blackstone, TPG

Logistics startup Xpressbees has become the latest entrant to the unicorn club after raising USD 300 Million in its Series F funding round led by Blackstone Growth, TPG Growth, and ChrysCapital. The round also saw participation from existing investors Investcorp and Norwest Venture Partners
10/02/2022

Alpha Wave Incubation, Savrola Group Pump USD 7.5 Million In Wealth Management Startup Wealthy

Wealth management startup Wealthy has raised USD 7.5 Million in its Series A round led by Alpha Wave Incubation. The round also saw the participation of new investor Savrola Group and existing investors Venture Highway, Good Capital, and Emphasis Ventures.
10/02/2022

Investcorp leads USD 55 Million bet on NDR Warehousing

Bahrain-based global investment manager Investcorp has led a USD 55 million investment in NDR Warehousing which provides construction and leasing of warehouses and factory space.
10/02/2022

Emergent Ventures-backed Oloid bags USD 12 Million in Dell Technologies-led round

Software-as-a-service (SaaS) company Oloid has scooped up Series A funding of USD 12 Million led by Dell Technologies Capital and also saw participation from Honeywell Ventures, Okta Ventures and other existing investors
10/02/2022

GlobalBees acquires sport equipment brand Reach, portfolio grows to a dozen

Softbank and PremjiInvest-backed GlobalBees has added fitness equipment and accessories brand Reach to its portfolio, marking its 12th acquisition. Reach positioned itself as a fitness equipment company that aims to promote exercise at home by renting out equipment and other accessories
10/02/2022

Olive Tree, Orios Venture, others invest in YCombinator-backed Karbon Card

YCombinator-backed fintech platform Karbon Card has secured USD 15 Million in a Series A round led by Olive Tree Capital, Harmony, and Avenir Growth Capital. The fundraise also saw participation from existing investors Ramp, Mercury, and Orios Venture Partners.
10/02/2022

AngelList backs insurtech firm Nova Benefits in first Indian early-stage quant fund bet

Nova Benefits which is a corporate health insurance platform for employees has raised an undisclosed amount from Indian-American entrepreneur and investor Naval Ravikant-backed AngelList Early-Stage Quant Fund
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