04/05/2022

Internet provider Excitel racks up USD 11.5 Million in fresh funding

Internet services provider Excitel has secured USD 11.5 Million from existing and new investors, which will be used for gaining subscriber market share in the next few years
04/05/2022

Tiger Global, Sequoia co-lead USD 15 Million round in SaaS firm Toplyne

SaaS platform Toplyne has raised USD 15 Million in its series A funding round co-led by Tiger Global and Sequoia Capital India. The round also saw participation from existing investors Together Fund, Sequoia India’s Surge and angel investors from Canva, Vercel and Zoominfo.
04/05/2022

Tiger Global, IVP, others invest USD 60 Million in cybersecurity firm Traceable AI

Cybersecurity startup Traceable AI has raised USD 60 Million as a part of its Series B funding led by Institutional Venture Partners (IVP) with participation from Tiger Global Management and existing investors Unusual Ventures and BIG Labs
03/05/2022

Bollywood Personality Mira Kapoor Backs D2C Startup Wellbeing Nutrition

D2C health and nutrition startup Wellbeing Nutrition has received an undisclosed amount of funding from Bollywood personality Mira Kapoor at a post-money valuation of INR 350 Cr. The fresh capital will be used for business expansion and venturing into the kids’ category.
03/05/2022

021 Capital, Global Founders co-led USD 4.2 Million seed bet on interviewing AI firm BarRaiser

AI-powered interviewing platform BarRaiser has secured seed capital of USD 4.2 Million co-led by 021 Capital and Global Founders Capital, with participation from other angel investors. The startup plans to use the fresh funds to expand its geographical footprint and building team
03/05/2022

Open turns unicorn with USD 50 Million funding led by IIFL Finance

Neo-banking platform Open Financial Technologies has raised USD 50 Million in a Series D funding round led by IIFL Finance at over USD 1 Billion valuation. Existing investors Tiger Global, Temasek and 3one4 Capital also invested in this funding round
03/05/2022

Dental tech brand toothsi snags USD 40 Milliom in Series C from Eight Roads, IIFL, others

Tech-infused dental care brand toothsi has raised a USD 40 Million funding round led by Eight Roads Ventures, Paramark, IIFL, and the family office of Medlife co-founders. Existing investors Think Investments and the Mankekar family office participated in this funding round along with prominent individuals including Aditya Puri, Karan Singh
03/05/2022

JITO eyes up to 70 bets in next two years with INR 150 Cr to invest

Community-based JITO Angel Network is looking to deploy over Rs 150 Cr across 50-70 startups in the next two years. They have already invested around INR 47 Cr in fresh as well as follow-on investments in as many as 28 startup companies in FY22
03/05/2022

Twixor raises capital from Axilor Ventures, others in Series A round

Digital process automation platform Twixor has raised USD 2.4 million in its series A round from Season Two Ventures, Axilor Ventures, and The Chennai Angels. The company plans to deploy the fresh capital to further its innovation journey, strengthen strategic partnerships, global expansion, and hire talent.
03/05/2022

Soonicorn Zepto raises USD 200 Million at valuation of USD 900 Million; aims to double hiring

Zepto, a 10-minute grocery delivery app has raised USD 200 Million in a Series D funding round led by Y Combinator and also saw participation from new investor Kaiser Permanente with existing investors Nexus Venture Partners, Glade Brook Capital, and Lachy Groom
02/05/2022

Sequoia-Backed Wingreens Farms To Acquire Snacks Brand Postcard

Packaged food startup Wingreens Farms is acquiring a 100% stake in Bengaluru-based snacks startup Postcard for around USD 2.1 Million in a combination of cash and share swap deal. The acquisition will help Wingreens Farms further increase its product portfolio under its ‘Wingreens World’
02/05/2022

Chiratae Ventures To Raise USD 600 Million To Ramp Up Investments In Tech Space

Chiratae will raise two funds worth USD 400 Million for new investments and a USD 200 Million opportunities fund for investing in its existing top-performing portfolio startups.
02/05/2022

Adani group plans massive foray into healthcare, plans USD 4 Billion investment

The Adani group led by billionaire Gautam Adani is planning a massive foray into the healthcare sector and may acquire large hospitals, diagnostic chains, and offline and digital pharmacies, among other assets, to establish a foothold in the sector
29/04/2022

Fintech Startup Finbots.AI Raises USD 3 Million From Accel To Expand Its Asia Footprints

Fintech startup Finbots.AI, a venture targeted at banks and financial institutions has raised USD 3 Million in a Series A round from Accel to expand its footprints in Asia. The fundraise will be used to enhance products, marketing and sales, and customer support apart from recruiting senior talent and expanding […]
29/04/2022

Drone Startup ideaForge Raises USD 20 Million In Series B Funding To Fuel Global Ambition

Drone manufacturing startup ideaForge has raised USD 20 Million in a Series B funding round led by private equity firm Florintree. The round also saw participation from other existing investors such as Celesta, Infosys, Qualcomm, Infina, along with the Exim Bank of India.
29/04/2022

Info Edge, Omnivore co-lead USD 5.7 Million round in vehicle marketplace Tractor

Rural vehicle marketplace Tractor Junction has secured seed funding of USD 5.7 Million co-led by Info Edge Ventures and Omnivore. Other investors who participated in this round include existing investors AgFunder GROW Impact Fund and Rockstart AgriFood Fund, with angel investors such as Vikram Chopra and Mehul Agrawal (Co-founders of […]
29/04/2022

Will back 15-20 healthcare startups with USD 100 Million fund: W Health Ventures

Boston-based healthcare venture capital firm, W Health Ventures is looking to back around 15-20 early-stage startups in US and India
29/04/2022

B2B firm TravClan snags USD 4.7 Milliom from Hashed emergent fund, others

B2B travel platform TravClan has raised USD 4.7 Million in its extended pre-Series A funding round led by Hashed emergent fund. Other angel investors who participated in the round include Nick Talwar, Aayush Phumbra, Travis Katz , Pritesh Gupta, Vikram Chopra and Mehul Agrawal .
29/04/2022

B2B etailer Geniemode pockets USD 28 Million from Tiger Global, Info Edge

Geniemode Global which runs B2B tech platform Geniemode has secured Series B funding of USD 28 million led by Tiger Global. Existing investor Info Edge Ventures also participated in the round
29/04/2022

Temasek Holdings commits USD 162.5 Million in Zomato-backer Info Edge’s three funds

The Temasek arm will invest USD 50 Million in the second scheme of Info Edge Venture Fund (IEVF), follow on of fund I; USD 75 Million in Info Edge Capital’s IE Venture Investment Fund II and USD 37.5 million Rs 287 crore in Capital 2B Fund I
29/04/2022

Kalaari Capital backs AI-based platform Convin.ai in seed funding

AI-driven platform Convin has raised INR 16 crore in its seed funding round led by Kalaari Capital.The Bengaluru-based startup plans to deploy the fresh capital to hone its end-to-end assisted selling platform and expand product and go-to-market teams
28/04/2022

Premium tea brand Teamonk raises INR 3.5 crore in Pre-Series A round led by Inflection Point Ventures

Teamonk has raised INR 3.5 crore in a Pre-Series A round led by Inflection Point Ventures. The funds raised will be utilised for domestic penetration and exploring uncharted territories in international markets.
28/04/2022

Venturi Partners Raises USD 175 Million To Back Indian And SEA Startups

Venturi Partners has fully closed its first consumer-focused fund at USD 175 Million. The VC firm closed the round on Tuesday, according to a press statement.
28/04/2022

Airtel Acquires 7% Stake In NaaS Startup Cnergee

Indian telecom giant Bharti Airtel has acquired a 7% stake in Mumbai-based cloud networking solutions provider Cnergee Technologies under Airtel Startup Accelerator Program for an undisclosed amount.
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