19/01/2023

Former JusPay Execs Floated Savings App Snags USD 3 Million In Seed Round

Gullak has raised seed funding of USD 3 Million co-led by Y Combinator and Better Capital. The round also saw participation from Rebel Partners, Goodwater Capital, GMO fintech fund and TRTL ventures, with angel investors including Kunal Shah (Cred) as well as Akshay Mehrotra and Ashish Goyal, among others.
18/01/2023

360 ONE Acquires Controlling Stake In Mumbai Angels

Alternate investment firm 360 ONE, which was formerly known as IIFL Wealth & Asset Management has completed the acquisition of a controlling stake in Mumbai Angels. Along with the acquisition, Mumbai Angels also announced two funds ‘Category 1 Venture Capital Fund- Angel Fund’ and ‘Category 1 Venture Capital Fund’ (VCF)
18/01/2023

Zero To One Sets Up INR 300 Cr Fund To Back Early-Stage Indian Startups

Investment firm Zero To One (ZTO) has received regulatory body SEBI’s approval to set up an INR 300 Cr Category-1 Alternative Investment Fund (AIF). The fund will invest in Pre-Seed and Series A tech-enabled startups working in edtech, healthtech, agritech, medtech and cleantech sectors
18/01/2023

ADB Invests USD 25 Million In Quadria Capital’s Third Fund

The Asian Development Bank announced a USD 25 Million equity investment in Quadria Capital Fund III LP, in a bid support better quality, accessible and affordable healthcare in Southeast Asia and South Asia
18/01/2023

Bain-Backed 360 ONE Floats Two Venture Funds

Bain Capital-backed 360 ONE, formerly IIFL Wealth and Asset Management, has announced two new early-stage funds totaling INR 1,700 Cr, including a category-I venture fund with a target corpus of INR 1,000 Cr, and a green shoe option of INR 200 Cr, as well as an INR 300-Cr angel fund […]
18/01/2023

AI-Focused Startup Mad Street Den Bags USD 30 Million

Enterprise artificial intelligence (AI) startup Mad Street Den has raised USD 30 Million in its Series C round, led by Avatar Growth Capital, with participation from existing investors Sequoia Capital and Alpha Wave Global (formerly known as Falcon Edge Capital).
18/01/2023

Telescope Partners Leads USD 25 Million Round In Beaconstac

QR code-based customer engagement platform Beaconstac has secured USD 25 Million as a part of its Series A funding round led by Telescope Partners, with existing investor Accel. The New York and Bengaluru-based startup will use the fresh funds to grow its platform and build its team
18/01/2023

Jewellery Firm Amama Taps She Capital

New-Delhi based online jewellery startup Amama Jewels has secured seed funding of USD 250,000 from venture capital fund She Capital. The firm will deploy the fresh capital to scale up its digital and tech verticals and strengthen logistics and operations.
18/01/2023

Blue Tokai Rakes In USD 30 Million From A91 Partners, White Whale Ventures, Others

Homegrown coffee brand Blue Tokai Coffee Roasters has secured Series B funding of USD 30 Million led by A91 Partners. The round also saw participation from White Whale Ventures, with existing investors Grand Anicut Fund and 8i Ventures.
17/01/2023

NeoGrowth Bags USD 10 Million Debt Funding To Offer More Credit To Businesses

NeoGrowth has secured USD 10 Million as debt investment from US-based MicroVest Capital Management. The fresh capital will support NeoGrowth to extend financing to small businesses and also, use it as the required growth capital for the company.
17/01/2023

Shivanssh Holdings, Others Back D2C Personal Care Brand Zlade

Zlade has secured USD 1.5 Million in a fresh fundraise from a clutch of investors including Shivanssh Holdings and Bharat Forge Ltd’s deputy managing director Amit Kalyani, among others. Founded in 2015, Zlade offers a range of products including manscaping trimmers, intimate hygiene solutions, razors and shaving essentials, among others. […]
17/01/2023

Exfinity, Log9, Others Write USD 4.75 Million Cheque To Deeptech Firm Chara

Chara Technologies has raised USD 4.75 Million led by venture capital firm Exfinity Venture Partners in a pre-Series A fundraise. The round also saw participation from Big Capital, the venture arm of Bitexco, and Log9 Materials, with existing investors Kalaari Capital and CIIE.Co.
16/01/2023

RattanIndia Enterprises Acquires Revolt Motors

RattanIndia Enterprises has completed 100% acquisition of EV manufacturer Revolt Motors. Following the acquisition, Revolt will be a wholly-owned subsidiary of RattanIndia Enterprises and the latter plans to significantly scale up Revolt’s growth.
16/01/2023

Temasek-Kuenhe + Nagel JV Invests In Logistics Startup Locad

Logistics startup Locad has raised USD 11 million in a Series A round, led by Reefknot Investments, a joint venture by Temasek Holdings and logistics firm Kuehne + Nagel. The round also saw participation from existing investors Sequoia’s Surge, Febe Ventures, Antler, Access Ventures and JG Summit. .
13/01/2023

Wealthtech Unicorn Groww Acquires Minority Stake In Fintech Startup Digio

Fintech unicorn Groww has made a strategic investment in fintech SaaS startup Digio, acquiring a minority stake in it. Digio provides digital infrastructure to businesses for identity verification, electronic signing, and collecting recurring payments
13/01/2023

IAngels, Others Back B2B Procurement Firm Badhaan

Hyderabad-based business-to-business procurement startup Badhaan has secured an undisclosed amount in a seed funding led by India Accelerator’s angel investors’ network iAngels. The round also saw participation from a clutch of high net-worth individuals and industry veterans including Pramod Veturi, Sivaram Vallampati and Anand Mahadevan, among others.
13/01/2023

Wakefit Raises USD 40 Million Led By Investcorp

Wakefit Innovations has raised INR 320 Cr in a round led by Bahrain’s alternative investment firm Investcorp. Existing investors Sequoia Capital India, Verlinvest and SIG also took part in the Series D round of funding. The fundraising will let the mattress maker and sleep solutions company open more retail stores, […]
13/01/2023

Rural E-Commerce Platform VilCart Raises USD 18 Million In Series A

B2B rural e-commerce startup VilCart has raised USD 18 Million in a Series A round led by Asia Impact SA. The round also saw the participation of Nabventures Fund and Texterity. The Bengaluru-based startup aims to expand its operations to the entire southern India by 2024, launch new products and […]
12/01/2023

Edtech Unicorn LEAD Bags INR 160 Cr Debt Funding

Edtech platform LEAD has raised INR 160 Cr in debt funding from financial institutions and venture debt firms. The latest round was a mix of long term capital funding as well as working capital financing.
12/01/2023

GOAT Brand Labs Acquires Chumbak; In Talks To Buy 4 Other D2C Brands

Direct-to-consumer (D2C) rollup ecommerce startup GOAT Brand Labs has acquired Chumbak and is in discussion stage with four other D2C brands. It will further make use of Chumbak’s capabilities in brand building, digital marketing, online and offline growth, and expansion into international markets
12/01/2023

Salad has raised USD 270,000 in a pre-seed funding round led by Antler India

Femtech platform Salad has raised USD 270,000 in a pre-seed funding round led by Antler India. Founded by Aruna Chawla and Karishma Rathaur last year, Salad offers a solution to manage hormonal health at the root throughout the month by providing access to personalized and bio-individual plans in line with […]
12/01/2023

Boingg has raised pre-Series A funding of INR 2 Cr

Direct-to-consumer kids’ furniture brand Boingg has raised pre-Series A funding of INR 2 Cr led by its existing investor Inflection Point Ventures. The Gurugram-based firm plans to use the fresh funds for machinery expansion, licensing and branding.
12/01/2023

Manipal Group’s Ranjan Pai Backs Kites Senior Care

Kites Senior Care, a geriatric care service provider has raised USD 2 Million in a pre-series A round from Ranjan Pai, chairman of Manipal Education and Medical Group (MEMG). The company will use the fresh capital to scale its operations in Bengaluru and expand into cities such as Hyderabad and […]
12/01/2023

B2B Wholesale Firm ApnaKlub Marks Final Close Of Series A Round At USD 16 Million

B2B wholesale platform Apnaklub has marked the final close of Series A funding round at USD 16 Million. The round comprised two tranches. In the first leg, the company apnaklub secured USD 10 million from Tiger Global, while in the second leg it has raised USD 6 Million from TrueScale […]
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