17/06/2022

Google, Temasek invest in ShareChat parent at USD 4.9 Billion valuation

Mohalla Tech which runs multilingual social media platform ShareChat and short video platform Moj has raised USD 78 Million as part of its Series H funding round at a valuation of about USD 4.9 Billion from Google’s parent Alphabet and Temasek Holdings.
17/06/2022

Coromandel’s VC arm, others invest in agritech firm Ecozen

Pune-based agritech startup Ecozen has secured INR 54 Cr as a part of its first tranche of Series C funding led by Dare Ventures and also saw participation from existing investors Caspian and Hivos-Triodos Fonds, with Northern Arc, UC Inclusive Credit, Maanaveeya and Samunnati joining via debt funding.
16/06/2022

Ronnie Screwvala’s upGrad Raises USD 225 Million, Valuation Soars To USD 2.25 Billion

Ronnie Screwvala’s upGrad raised USD 225 Million in a fresh round of funding from James Murdoch’s Lupa Systems LLC and Educational Testing Service (ETS). Existing investors Temasek Holdings, along with the Lakshmi Mittal (of ArcelorMittal SA) and Sunil Bharti Mittal participated in the round.
16/06/2022

US-Based Clari Acquires Indian SaaS Platform Wingman

US-based revenue operations platform Clari has acquired Bengaluru-based Software-as-a-Service (Saas) platform Wingman for an undisclosed amount. As part of the deal, the startup has been rebranded to ‘Wingman by Clari’.
16/06/2022

Fintech startup Mewt snags seed funding from Quona Capital, Beenext, others

Mewt, a banking app for micro, small and medium enterprises (MSMEs) has raised USD 4.6 Million in a seed funding round led by global fintech investor Quona Capital and also saw participation from Beenext, DG Daiwa Ventures, Goodwater Capital, Allin Capital and a clutch of fintech angel investors
16/06/2022

Web3 firm DAOLens snags USD 5 Million in pre-seed round

Bengaluru-based Web3 startup DAOLens has secured pre-seed funding of USD 5 Million co-led by Nexus Venture Partners, Better Ventures and iSeed II. The round also saw participation from investors including Gokul Rajaram, Sandeep Nailwal, Raj Gokal, Simon Doherty, Arjun Sethi among others.
16/06/2022

Elevation, Bessemer Venture, others invest USD 8.5 Million in no-code platform Plobal Apps

No-code app platform for e-commerce stores Plobal Apps has raised USD 8.5 Million led by Elevation Capital and Bessemer Venture Partners with participation by Better Capital. The company will use the fresh capital to expand its presence in US, strengthen its technology infrastructure, and launch new products.
16/06/2022

Accel, 72 Ventures co-lead pre-Series A round in Innovist

Gurugram-based Innovist which runs brands like Bare Anatomy, Chemist at Play and SunScoop has secured pre-Series A funding of USD 3.5 Million led by Accel Partners and 72 Ventures. The fundraise also saw participation from investors including Sauce, Arihant Patni, Jani Ventures Inc, Kunal Shah among others
16/06/2022

YourNest, others back consumer intelligence firm VTION

Consumer behaviour intelligence platform VTION has racked up USD 1.3 Million in a pre-Series A round led by YourNest Venture Capital and two other investors. The startup plans to use the fresh funds to boost its India growth by scaling up its advertising activation strategy, panel enhancement and targeting sector-specific […]
16/06/2022

Alumni Ventures joins Innoviti in Series D round with USD 22 Million cheque

Innoviti Payment Solutions which runs an eponymous payments-focused financial technology firm has raised an additional USD 22 Million as part of its Series D funding round from Alumni Ventures. Innoviti will be raising another INR 140 Cr over the next few weeks towards the final closing of the Series D […]
16/06/2022

Singapore’s GIC invests USD 48 Million in PE-backed Wow Skin

Skincare and wellness brand Wow Skin Science has raised INR 375 Cr from Singapore’s sovereign wealth fund GIC, a month after announcing the investor’s participation in the latest funding round. With the fundraise, GIC will hold 17.24% in the company on a fully diluted basis.
15/06/2022

Multiply Ventures Closes Its Maiden Fund At INR 260 Cr; To Focus On Fintech, Edtech, Retail & Health Sector

Early-stage venture capitalist (VC) firm Multiply Ventures has closed its maiden fund at INR 260 Cr, crossing its target of INR 250 Cr. Multiply Ventures would now have an increased focus on early-stage deals across four core sectors—fintech, edtech, retail, and health. Starting from pre-seed/seed levels, the fresh funds would […]
15/06/2022

Nume Crypto Raises Funding From Sequoia Capital To Make Crypto Payments Easy Among Users

Crypto payment gateway Nume Crypto has raised USD 2 Million in its Pre-Seed funding round led by Sequoia Capital India. The round also saw participation from BEENEXT, Whiteboard Capital, and other angel investors including Jaynti Kanani, Balaji Srinivasan, Rahul Rai, Arun Samudrala among others
15/06/2022

Fintech Startup Siply Raises USD 19 Million For Acquisitions, Launching Chit Fund

Fintech startup Siply has raised USD 19 Million through a mix of debt and equity financing in its pre-Series A funding round led by QI Ventures. The round also saw participation from existing investors LetsVenture and JITO, and angel investor Vivek Sunder of Cuemath.
15/06/2022

Accel, Together Fund, others lead seed round in Spendflo

Spendflo Inc, a SaaS buying platform has raised USD 4.4 Million in a seed funding led by Accel India and Together Fund and also saw participation from BoldCap and Signal Peak Ventures along with founders and operators from Airbase, Zuora, Ivanti, CleverTap, Slintel, LamdaTest, Haptik, Wingify among others.
15/06/2022

Speciale Invest, Micelio Fund, others invest in cleantech firm NewTrace

Bengaluru-based cleantech platform Newtrace has secured USD 1 Million in a seed funding co-led by Speciale Invest and Micelio Fund, with participation from angel investors. The startup plans to use the fresh funds to ramp up its technology and develop electrolyzers of up to 10 MW by 2027 to boost […]
15/06/2022

Tiger Global leads USD 40 Million Series A round in B2B startup Groyyo

Business-to-business manufacturing and automation startup Groyyo has raised a USD 40 Million funding in a combination of equity and debt led by Tiger Global and also saw participation from existing investors including Alpha Wave, Sparrow Fund and Stride Opportunities, with other investors like Bahram Vakil and Vineet Gautam with debt […]
15/06/2022

Shiprocket to acquire Pickrr for around USD 200 Million

Marking a major consolidation in the e-commerce enablement industry, Shiprocket has agreed to acquire Pickrr for around USD 200 Million in a mix of cash and stock deal. One of the main synergies is their combined data pool that will lead to warehouse optimization, consumer intelligence, and conversion optimization.
15/06/2022

Leo Capital, Blu Ventures invest USD 2.65 Million in blockchain firm Zeeve

Blockchain deployment platform Zeeve has secured a seed funding of USD 2.65 Million from Leo Capital and Blu Ventures. The startup plans to use the fresh funds to scale its product portfolio, ramp up the tech team and expand reach to decentralized app developers and global firms
14/06/2022

8i Ventures Partially Exits M2P Fintech At A 36x ROI

Early-stage venture capital fund, 8i Ventures has announced a partial exit from fintech startup, M2P Fintech at a return on investment (ROI) of 36X. 8i Ventures originally exited M2P Fintech in April this year after selling one-fifth of its 4.5% stakeholding in the startup.
14/06/2022

Tiger Global Backed Chaayos Raises USD 45 Million In Series C Funding Round

Tea-cafe chain Chaayos has raised USD 45 Million as part of its Series C funding round led by Alpha Wave Ventures and also saw participation from existing investors such as Tiger Global Management, Elevation Capital and Think Investments. With this round, the startup’s valuation stands at around USD 250 Million
14/06/2022

D2C Skincare Brand Foxtale Secures Funding To Expand Product Range

Mumbai-based direct-to-customer (D2C) skincare startup Foxtale has raised USD 4 Million in a Pre-Series A funding round led by Matrix Partners India, with participation from existing investor Kae Capital, along with a few angel investors.
14/06/2022

Green power-focused firm Terra.do closes seed round led by Avaana Capital

Climate change-focused startup Terra.do has closed a seed funding of USD 5 Million led by Avaana Capital and also saw participation from MCJ Collective, Albert Wenger, Gaurav Agarwal, and Anirudh Gupta among others
14/06/2022

Edtech platform Toprankers bags funding from Sixth Sense Ventures

Toprankers, an edtech platform for careers beyond engineering and medical has raised USD 4 Million from consumer-focused venture capital firm Sixth Sense Ventures. The startup will use the fresh proceeds to improve its existing products and launch new ones
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