InsuranceDekho raises INR 300 Crores led by Goldman Sachs

CarDekho’s insurance unit InsuranceDekho has raised INR 300 Crores led by West Street Global (an investment arm of Goldman Sachs group). InsuranceDekho was launched by automobile aggregator CarDekho in 2019 to make it easier for customers to compare and buy motor and health insurance. Led by Ankit Agrawal, the platform […]

Rural commerce startup VilCart raises Series A round

Rural commerce startup VilCart has raised USD 13 Million in a Series A round led by Asia Impact with the participation of Nabventure Fund and Texterity Private Limited. Founded in 2018, VilCart is a tech-enabled rural-to-rural supply chain that helps village kirana stores easily procure inventory, and manage logistics and […]

Advent Invests In KreditBee’s USD 200 Million Round

Fintech startup KreditBee raised USD 100 Million more in an extension of its Series D round in primary funding from private equity investor Advent International. KreditBee was founded in 2016 and offers credit and other personal finance services through its registered non-banking financial company (NBFC), Krazybee Services Pvt Ltd. The […]

EV Charging Aggregator ElectricPe Closes USD 5 Million Round

Electric vehicle charging aggregator ElectricPe has closed a USD 5 Million Pre-Series A funding round. The round was led by Green Frontier Capital, Blume Ventures, and Micelio Fund. Dubai-based NB Ventures, Anchorage Capital Partners, Supermorpheus, and Climate Angels also took part in the funding round. ElectricPe will use the funds […]

RateGain To Acquire DaaS Startup Adara For Over USD 16 Million

Listed travel tech startup RateGain has inked an agreement to acquire data exchange platform Adara for USD 16.1 Million. As per the startup, Adara’s acquisition will help RateGain strengthen and consolidate its position across commercial teams in partnered hotel chains, airlines and car rental companies

Gamified Fintech Startup Fello Secures Funding To Help Youth Learn Savings

Game-based investment startup Fello has raised USD 4 Million in a fresh funding round led by US-based Courtside Ventures along with participation from Entrepreneur First, Ycombinator, Kube Venture, and Upsparks. CRED’s Kunal Shah, Groww’s Lalit Keshre, Dafeng’s Charlie Songhurst, and Alan Rutledge also have participated in the funding round.

HRtech Unicorn Darwinbox Bags USD 5 Million Funding From State Bank of India

HRtech unicorn Darwinbox has secured USD 5 Million in an extended Series D funding round from State Bank of India (SBI). Darwinbox will use the fresh funds for marketing, capital expenditure and other business operations

Education Financier Varthana Raises USD 7 Million From MicroVest

Bengaluru-based school finance company Thirumeni Finance has raised USD 7 Million from MicroVest, a global investment firm based out of the United States. The investment will be deployed towards affordable education in rural India and providing loans to private schools at affordable rates. This funding also aims at aiding and […]

Nexus Ventures Eyes USD 700 Million Fund To Bet On India, US Tech Startups

Nexus will invest the new funds – which will be the biggest raised in India after Sequoia’s USD 2.85 Billion funds in mid-2022 – in early-stage funding rounds of Indian internet and technology startups, as well as U.S.-based software firms

Plus has raised fresh funding round led by Jito Angel Network

Jewellery savings firm Plus has raised an undisclosed amount in a fresh funding round led by Jito Angel Network. The Bengaluru-based startup will deploy the fresh proceeds to boost the product stack and strengthen its leadership team.

NymbleUp has secured seed funding of INR 3 Cr from venture capital firm IvyCap Ventures

Mumbai-based software-as-a-service startup NymbleUp has secured seed funding of INR 3 Cr from venture capital firm IvyCap Ventures. The fresh capital will be deployed to onboard more talents and expanding its footprint to the US and Southeast Asia markets.

GMR Sports In Talks To Buy ‘Significant’ Stake In Harsha Bhogle-Backed Fantasy Akhada

Fantasy gaming firm Fantasy Akhada is reportedly planning to sell a ‘significant’ stake to GMR Sports, a GMR Group entity, at a valuation of USD 160-175 Million. The deal is likely to take place in tranches, with GMR topping up in the subsequent rounds, buying out some early backers

B2B Edtech Startup Uolo Acquires Online Learning Platform Tekie

B2B edtech startup Uolo has acquired the online learning platform Tekie for an undisclosed amount. The acquisition will help Uolo offer affordable learning programs to school students. The development has come almost a month after Uolo raised USD 22.5 Million in Series A funding round led by VC fund Winter […]

SaaS Startup SirionLabs Raises USD 25 Million To Consolidate Market Position

Contract lifecycle management SaaS startup SirionLabs has raised USD 25 Million from Brookfield Growth as part of its extended Series D funding round. The startup has raised USD 110 Million in total in its Series D, which has seen the participation of Sequoia India, Tiger Global and Partners Group

MetaMan Acquires Jewellery Brand Drip Project

Men’s jewellery startup MetaMan has acquired Mumbai-based luxury jewellery brand Drip Project for USD 1 Million. Drip Project is a hip-hop jewellery brand founded by Harsh Maskara and Rohit Golia in 2021. With this acquisition, Maskara will join as MetaMan’s co-founder and Golia as a member of the board of […]

Venture Debt Fund 8vdX’s New Move To Aid Startups In Early Stages

Venture debt marketplace 8vdX has launched an initiative called Seedex Booster, aimed to provide up to USD 1 Million additional funding to startups in pre-Series A rounds. The new offerings under the initiative will look to provide bridge loans to Y-Combinator startups leading up to demo day

Lending Startup SarvaGram Raises USD 35 Mn Funding Round To Expand Offline Presence

Lendingtech startup SarvaGram has raised USD 35 Million Series C funding round. Elevar Equity, Elevation Capital, Temasek, TVS Capital Funds, and Elevar Equity participated in the round. SarvaGram will deploy fresh funds to expand its distribution network by adding 75 more outlets by the end of FY 2024

Self Reliant India Fund Commits Fresh Funding In Anicut’s Equity Fund

Chennai-based alternative assets firm Anicut Capital has received a commitment of INR 75 Cr from Self Reliant India Fund for its equity fund. The fund, with a targeted corpus of Rs 500 Cr, is expected to hit the final close by June this year

InCred Capital Acquires Wealth Management Startup Orowealth

Fintech startup InCred Capital has acquired wealth tech startup Orowealth in an all-cash deal for the launch of its retail-focused wealth tech platform ‘InCred Money’. However, the startup didn’t disclose the funding amount

Rebel Foods Secures INR 55 Cr Funding From InnoVen, Trifecta Capital

Foodtech unicorn Rebel Foods has reportedly secured INR 55 Cr in a debt funding round from existing investors InnoVen Capital and Trifecta Capital. Including the current fundraising, Rebel has cumulatively secured INR 225 Cr as debt funding so far in 2022

The Whole Truth Bags USD 11 Million Funding From Sequoia Capital, Others

Direct-to-consumer (D2C) food brand The Whole Truth (TWT) has secured USD 11 Million in a Series B funding round from existing investors Sequoia Capital and Matrix Partners. The development comes seventeen months after the startup secured USD 6 Million funding from Sequoia Capital India, Sauce.vc and Flipkart’s Kalyan Krishnamurthy, among […]

Ecozen bags USD 10 Million in new tranche

Agriculture-focused deep tech startup Ecozen has secured USD 10 Million from Nuveen Global Fund. Ecozen offers climate-smart deep tech solutions and core technology stacks including motor controls, IoT, and energy storage. The company has two core products Ecotron and Ecofrost. While the former is powered with robust hardware and software […]

E-cycle startup GearHead raises INR 6 Crores in pre-seed funding

E-cycle startup GearHead has raised INR 6 Crore in a pre-seed funding round led by Hemin Shah and Sudhakar Moparthy. Founded in 2020 by Nikhil Gunda and Meher Sai, GearHead is an electric cycle brand that produces electric cycles or e-bikes. It assembles the parts imported from countries by designing […]

Bolo Live bags over USD 5.5 Million led by AL Zarooni Emirates

Social media platform Bolo Live has raised USD 5.6 Million in fresh funding led by AL Zarooni Emirates. Bolo Live is a Social Live streaming platform that enables content creators to monetize their content via virtual gifting. The company claims to have over 1 lakh content creators monetizing on the […]