22/02/2021

Small business lender Kinara Capital raises USD 10 Million from IndusInd Bank

Kinara Capital, a lender to small businesses, has raised USD 10 million from IndusInd Bank with a 100 percent guarantee from the US International Development Finance Corporation (DFC). Existing investors Gaja Capital, GAWA Capital, Michael & Susan Dell Foundation (MSDF), and Patamar Capital also participated in this round.
19/02/2021

DEAL ANNOUNCEMENT: Edtech Startup Leverage Edu raises Series A Funding led by Tomorrow Capital via Enablers

Delhi-based Edtech startup Leverage Edu, has raised INR 47 crores in Series A funding led by Tomorrow Capital. The existing investors Blume Ventures and DSG Consumer Partners also participated in the round. ValPro’s startup advisory vertical, Enablers, was the advisor in this transaction. Founded by Akshay Chaturvedi, Leverage Edu has […]
19/02/2021

Career guidance app ICS Career GPS raises INR 3 crore from Bagla Group

ICS Career GPS, a mobile app which is making online career guidance accessible and affordable for students and young professionals, has raised INR 3 crore in an angel funding from Aurangabad-based Bagla Group.
19/02/2021

Genetic diagnostics player Lilac Insights raises INR 50 Crore from Rajiv Dadlani, others

Lilac Insights, a genetic diagnostic laboratory, has raised INR 50 crore from led by banker Rajiv Dadlani, and also saw participation from Allana Group, Sajid Fazalbhoy, DLF Family Office, Rockstud Capital, Kayenne Ventures (Singapore) and others.
19/02/2021

Neobank Open Acquires GST Automation Startup Optobizz For USD 5 Million

Mengaluru-based neobanking platform Open, has acquired goods and services tax and financial automation startup Optobizz for USD 5 Million in a stock-plus-cash deal.
19/02/2021

Creation Investments Sets Up India-Focused USD 100 Million Debt Fund

Global impact investor Creation Investments Capital Management LLC, has set up a debt fund in India, for which it will raise USD 100 Million to invest in the country. Creation focuses on private equity investments in microfinance institutions, small-and-medium enterprise lenders, emerging market banks, insurance providers, fintech, payments businesses and […]
19/02/2021

Tim Draper’s DGH Venture studio backs Kalamint

Blockchain based digital art marketplace Kalamint, has raised an undisclosed investment from blockchain venture studio and fund Draper Goren Holm and seed investment fund Amesten Capital.
19/02/2021

Lightrock, Kalaari, others pump more money in scooter rental startup Vogo

Vogo Automotive Pvt Ltd, a shared scooter rental startup, has raised USD 11.5 million in an extended Series C round of funding from existing investors. Lightrock (formerly LGT Lightstone Aspada), Kalaari Capital, Matrix Partners India and Stellaris Venture Partners participated in this round.
18/02/2021

SaaS startup Ally.io raises USD 50 Million in Series C round

Ally.io, the Seattle-headquartered SaaS startup with technology development centre in Chennai, has raised USD 50 million in Series C funding led by Greenoaks Capital. The existing investors Tiger Global, Madrona Group, Accel, Addition Ventures, Founders’ Co-Op, and Vulcan Capital also participated in this round.
18/02/2021

Shiprocket Raises USD 27 Million From Tribe Capital, March Capital After D2C-Powered Logistics Boom In 2020

New Delhi-based logistics aggregator Shiprocket, has raised USD 27 Million in a mix of primary and secondary share transactions from US-based venture capitalists Tribe Capital and March Capital.
18/02/2021

Test Prep Startup Pariksha Raises USD 2 Million In Pre-Series A Round

Test prep platform for aspirants of state government jobs Pariksha, has raised USD 2 Mn in a pre-Series A funding round led by Bharat Inclusion Seed Fund. The round also saw participation from 9Unicorns, Innercircle, and existing investors INSEAD Angels and Venture Catalysts.
18/02/2021

Avataar Capital closes USD 100 million opportunities fund to double down on B2B, SaaS bets

Avataar Capital Management has announced the final close of its USD 100 million Opportunities Fund for top-up investments in select portfolio companies as well as new investments. The fund will continue to invest in tech-enabled business-to-business marketplaces and SaaS companies in the growth stage.
18/02/2021

Logistics firm eBikeGo raises pre-Series A funding

eBikeGo, an electric vehicle-based last-mile logistics firm, has raised USD 1.5 million in a pre-Series A funding from a clutch of new and existing domestic and foreign individuals.
18/02/2021

Venture Highway leads funding in tech-backed kirana chain Express Stores

Express Stores, a technology-backed omni-channel branded kirana store chain, has raised INR 8 crore in a seed funding led by early-stage investor Venture Highway. Other participants in this round include Snapdeal founders Kunal Bahl, Rohit Bansal and others.
18/02/2021

Cross border neobank Zolve secures USD 15 million in seed round led by Accel, Lightspeed

Zolve Innovations, which operates a neobank that aims to ease access to financial services for users travelling from India to the US or vice versa, has secured USD 15 million in a seed round led by Accel and Lightspeed. The round also saw participation from Blume Ventures and others.
18/02/2021

Elevation Capital, Accel lead new funding round in Zomentum

Pactora, which runs information technology sales acceleration platform Zomentum, has raised USD 13 million in a Series A funding led by Elevation Capital, Accel and Greenoaks Capital, with participation from Eight Roads Ventures.
17/02/2021

Tatas sign on the dotted line to acquire majority stake in BigBasket

The Tata Group has acquired a majority stake in BigBasket
17/02/2021

Unacademy Acquires TapChief To Focus On Higher Education

Unacademy has acquired a majority stake in TapChief
17/02/2021

Zomentum Raises USD 13 Million In Series A Round

Sales tech platform Zomentum has raised USD 13 Million in Series A funding from Accel, Elevation Capital, Eight Road Ventures, and Greenoaks Capital
17/02/2021

Chiratae takes another crack at health-tech with Series A deal for fertility platform

Chiratae has invested in Delhi-based Crysta that is owned by Redcliffe Life Sciences
17/02/2021

YourNest leads seed round in heavy industries-focused UptimeAI

UptimeAI has raised INR 11 crore in a seed funding round.
17/02/2021

An education-technology startup Wizklub raises funding

WizKlub has raised INR 6 crore in a pre-Series A funding round
17/02/2021

Cybersecurity startup 1Kosmos raises funding

New Jersey headquartered cybersecurity startup 1Kosmos has raised INR 110 crore in a Series A round of funding
16/02/2021

TechStars backed Redwing Labs raises seed round led by ITI Growth Fund

Redwing Labs has raised USD 1 million round led by ITI Growth Opportunities Fund
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