30/06/2022

Revenue Based Financing Startup GetVantage Bags USD 36 Million Funding To Scale Tech, Expand To New Territories

Mumbai-based revenue-based financing startup GetVantage has raised USD 36 Million as part of a strategic funding round led by Varanium Nexgen Fintech Fund and DMI Sparkle Fund. The round also saw participation from existing investors such as Chiratae Ventures and Dream Incubator Japan, as well as new investors such as […]
30/06/2022

EV startup Turno raises funding led by Stellaris, Avaana Capital

Electric vehicle startup Turno has raised USD 3.1 Million in an equity funding round led by Stellaris Venture Partners, along with Avaana Capital. The round saw participation from several angel investors including Vipul Parekh of Bigbasket, Jayant Paleti of Darwinbox, Lizzie Chapman and Priyamvada Sharma of ZestMoney, Dhyanesh Shah of […]
30/06/2022

Shubham Housing Development Finance raises USD 112 Million from BII, others

Mortgage lender Shubham Housing Development Finance Company has raised USD 112 Million in a round led by British International Investment, LeapFrog Investments, and Asian Development Bank and existing investor Premji Invest.
30/06/2022

Matrix Partners leads funding in SaaS platform Sourcewiz

Sourcewiz, a SaaS platform focused on digitization for exporters and export factories has raised INR 20 Cr in the pre-series A round led by Matrix Partners India and marquee angel investors including 100x Entrepreneur Fund, Aniket Deb (co-founder, Bizongo), Wami Capital, and Rohit Kapoor (Global CMO, Oyo)
29/06/2022

Fintech SaaS Platform Lentra Acquires AI-Startup TheDataTeam

Fintech SaaS startup, Lentra has acquired Chennai-based AI startup TheDataTeam (TDT) for an undisclosed amount. Following this acquisition, Lentra will deploy TDT’s customer intelligence platform Cadenz to facilitate banks and financial institutions in making data-driven decisions relating to customers’ credit worthiness.
29/06/2022

ah! Ventures Sets Up A USD 14 Million Angel Fund To Back 30-35 Early-Stage Startups

Venture capital company, ah! Ventures has launched an alternative investment fund (AIF) angel fund that has a corpus of around USD 14 Million. The sector-agnostic fund will back early-stage Indian startups focused on domestic and international markets. Further, the fund will write off cheques between INR 3 Cr to INR […]
29/06/2022

Panthera Growth marks the first close of second USD 250 Million fund

Singapore-based Panthera Growth Partners has announced the first close of its second fund after securing more than half of its targeted USD 250 Million corpus. The fund expects to raise the whole expected target by the end of this financial year and will offer up to 100% commitments in co-investment […]
29/06/2022

Matrix-backed snacks startup Open Secret pockets Series B cheque

Healthy snacks startup Open Secret has raised USD 10 Million in a Series B round of funding led by sector-agnostic fund Ananta Capital. The round also saw participation from the company’s existing investors, Matrix Partners India and Sixth Sense Ventures along with Gautam Kumra, chairman – Asia at Mckinsey & […]
29/06/2022

Bertelsmann raises USD 500 Million for India, eyes early-stage investments

Venture capital company Bertelsmann India Investments has announced an India-focused fund of USD 500 Million. Also, the fund will look at making a few Series A investments. Bertelsmann is looking to deploy capital across 6-8 companies every year
28/06/2022

Luxury Clothing Startup Purple Style Labs Raises USD 10 Million Funding To Expand Global Footprint

Luxury fashion house Purple Style Labs, the parent of Pernia’s Pop-Up Shop, has raised USD 10 Million in a Series B round led by angel investor Akash Bhansali. The round also saw participation from other angel investors such as actor Madhuri Dixit Nene, Alpha Wave Global’s Navroz Udwadia, Sid Yog […]
28/06/2022

WestBridge leads USD 47 Million round in realty platform Propshare; valn pegged at USD 170 Million

Online real estate investment platform Propshare has raised USD 47 Million in a Series B funding round led by homegrown private equity player WestBridge Capital and also saw participation from existing investor Pravega
28/06/2022

Google joins Progcap as new investor in its USD 40 Million round

Google became the latest investor in SME-focused fintech Progcap after participating in the company’s Series C funding round that fetched USD 40 Million. Existing investors Tiger Global Management and Creation Investments led the round.
28/06/2022

Tiger Global leads round in EV battery solutions company Battery Smart

Battery-swapping network for electric vehicles, Battery Smart run by Upgrid Solutions has raised USD 25 Million in its Series A funding round led by Tiger Global. The round also saw participation from existing investors Blume Ventures and Orios Ventures.
27/06/2022

FedEx Makes Strategic Investment In Supply Chain Visibility Startup FourKites

FedEx has made a strategic investment in the Chicago and Chennai-based supply chain visibility startup FourKites. The two companies will also partner to make supply chains smarter by bringing visibility into operations. This collaboration will allow it to use its machine learning and AI capabilities with data from FedEx.
27/06/2022

Baring-backed Matter raises USD 10 Million from Info Edge’s Capital 2B Fund, others

Electric mobility and energy storage-focused startup Matter has raised USD 10 Million in its first round of funding from Info Edge’s Capital 2B Fund 1, Climate Angel Fund, and other Indian and overseas high-net-worth individuals (HNIs).
24/06/2022

Fintech Unicorn Pine Labs Acquires API Infrastructure Provider Setu In A USD 70 Million Deal

IPO-bound Pine Labs has acquired Bengaluru-based fintech infrastructure startup Setu to strengthen its offerings. Under the deal, valued at USD 70-75 Million. Pine Labs has acquired 100% stake in Setu. Post the acquisition, Setu will retain its brand identity, business, teams, and its customers. Moreover, the founders will continue to […]
24/06/2022

Indian Actress Rashmika Mandanna Backs D2C Vegan Startup Plum

Maharashtra-based D2C vegan startup Plum has received an undisclosed investment from an Indian actress Rashmika Mandanna. As part of the deal, Mandanna has joined the startup as a brand ambassador to help widen its consumer base
24/06/2022

Recommerce Startup Cashify Raises USD 90 Million, Valuation Soars To USD 250 Million

Recommerce marketplace Cashify has raised USD 90 Million in a Series E funding round led by NewQuest Capital Partners (“NewQuest”) and Prosus. Paramark Ventures and Cashify’s existing investors — Bessemer, Blume Ventures and Olympus Capital also participated in this round of funding
24/06/2022

Sequoia’s Surge raises seed round ticket size to allow founders more runway

Surge – the accelerator and incubation programme by Sequoia Capital for early-stage investing – will increase its seed funding ticket size to USD 3 Million from the current USD 1-2 Million. Increasing the ticket size allows the early-stage founders the runway and time they need to find a product-market fit […]
24/06/2022

AI firm Neuron7 snags USD 10 Million from Nexus, Battery Ventures

Artificial intelligence-backed customer and field service platform Neuron7 has raised Series A funding round of USD 10 Million co-led by Nexus Venture Partners and Battery Ventures. The startup plans to use the fresh funding to grow its product and customer teams in the US, and India and expand its customer […]
24/06/2022

Fintech firm WeRize racks up USD 15 Million from BII, others; valn pegged at USD 115 Million

Financial services platform WeRize has secured a pre-Series B funding of USD 15.5 Million from 3one4 Capital, Kalaari Capital, Picus Capital and Orios Venture Partners. The round also saw participation from new investors including British International Investment and Sony Innovation Fund .
24/06/2022

Fundamental VC launches USD 130 Million debut fund for early-stage startups

Bengaluru-based Fundamental VC has launched its maiden fund with a target corpus of USD 130 Million to invest in early-stage startups. The sector-agnostic fund will actively evaluate ventures across spaces such as consumer internet, healthcare, insurance, financial services, SaaS (software-as-a-service), gaming, and AI, among others
24/06/2022

Chaayos raises USD 53 Million in Series C led by Alpha Wave Ventures

Beverage chain Chaayos has raised USD 53 Million in a Series C funding round led by Alpha Wave Ventures and valued at USD 225-250 Million. Chaayos will use the fresh capital for store expansion
24/06/2022

EV charging infra startup Statiq fetches USD 25.7 Million in Series A

Electric vehicle charging network startup Statiq has raised USD 25.7 Million in a funding round led by Shell Ventures. The firm aims to use the Series A funding to primarily invest in product engineering and network infrastructure
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