29/03/2022

D2C Personal Care Startup mCaffeine Raises USD 31 Million To Fuel International Expansion

Single-ingredient D2C personal care startup, mCaffeine has raised USD 31 Million as part of its Series C funding round led by Paragon Partners. The funding round also saw participation from VC firms Singularity Growth Opportunities Fund, Sharrp Ventures, along with existing investors such as Amicus Capital Partners and RPSG Capital […]
28/03/2022

PVR, INOX Leisure set to merge operations

In a major twist, India’s leading multiplex chain PVR, has decided to combine operations with the second largest multiplex chain, INOX Leisure. The boards of the two companies in their respective meetings approved an all-stock amalgamation of INOX with PVR. Post the merger, INOX Promoters will have 16.66% stake, while […]
28/03/2022

Bharti Airtel to acquire stake in Indus Towers and to acquire 7% stake in Avaada KNShorapur

Bharti Airtel will acquire Vodafone’s 4.7% stake in Indus Towers for INR 2,388 crore as the transaction will be executed at INR 187 per share basis, according to an exchange filing. Bharti Airtel to acquire 7% stake in Avaada KNShorapur
28/03/2022

Aye Finance Raises INR 75 Cr In Debt To Strengthen On-Lending Play

Gurugram-based financial services startup Aye Finance has announced an INR 75 Cr debt raise from Netherlands-based existing investor Triple Jump BV and Northern Arc.
28/03/2022

FanCraze Raises USD100 Million Led By Insight Partners To Expand Its Cricket Metaverse

Digital collectibles-focussed startup FanCraze has raised USD 100 Million in a funding round led by New York-based global private equity and venture capital firm Insight Partners, with B Capital.
28/03/2022

Indian Pop Singer Daler Mehndi Buys Metaverse Property ‘Balle Balle Land’

Punjabi pop singer Daler Mehndi has bought a property in Metaverse for an undisclosed amount, calling it ‘Balle Balle Land’.
28/03/2022

Google-Backed Glance Acquires Gaming Startup Gambit To Explore NFT-Based Live Games

InMobi’s consumer internet arm Glance has acquired gaming startup Gambit Sports for an undisclosed amount. The acquisition will bring together Glance’s scale and lock-screen centric innovation with Gambit’s expertise in the gaming market.
28/03/2022

Emami acquires Dermicool from Reckitt

Kolkata-based fast moving consumer goods company Emami Limited has acquired prickly heat and cool talcum powder brand Dermicool from Reckitt Benckiser Healthcare (India) Private Limited for INR 432 crore,
25/03/2022

PNB acquires 6 per cent stake in public digital e-commerce platform

Public sector lender Punjab National Bank has acquired nearly 6 per cent stake in public digital e-commerce platform ONDC for INR 10 crore.
25/03/2022

IPO-Bound Netcore Cloud Acquires Majority Stake in Unbxd Inc For USD 100 Million

IPO-bound SaaS platform Netcore Cloud has acquired a majority stake in the US-based search personalisation company Unbxd Inc for about USD 100 Million. Netcore Cloud acquired around a 90% stake in Unbxd Inc.
25/03/2022

Edtech Startup LectureNotes Raises Funding To Scale Its Content Personalisation Infra ‘LectureRooms’

Edtech startup LectureNotes has raised $2.5 Mn in Pre-Series A funding round from the Canada-based venture capital company Jani Ventures. The edtech startup claims to have 2 Million users along with over 3 Million pages of content.
25/03/2022

Ayurveda D2C Brand TAC Raises Funds; Eyes INR 100 Cr Turnover By Mid-2023

D2C ayurvedic beauty and personal care brand The Ayurveda Co. aka TAC has announced that it has raised USD 3 Million from Wipro Consumer Care Ventures. Other investors include Tricity Technologies’ Rahul Gupta and School of Design and Entrepreneurship’s Harsh Gupta.
25/03/2022

Ola to buy fintech firm Avail Finance to strengthen financial services biz

SoftBank-backed ANI Technologies Pvt Ltd, which operates cab ride-hailing aggregator platform Ola Cabs, has agreed to buy neobanking platform Avail Finance that provides financial services to the blue collared workforce.
25/03/2022

Venture debt firm BlackSoil bets on three startups

Venture debt and alternative credit platform BlackSoil Capital has invested growth capital of over USD 4.5 Million in three startups -BluSmart Mobility, BigHaat and LoanTap.
24/03/2022

Yamaha Motor Invests In B2C Startup Malbork To Enter EV Industry For 4-Wheelers

Yamaha Motor’s Moto Business Service India (MBSI) has invested an undisclosed amount in B2C taxi aggregator startup Malbork Technologies to enter into the EV segment for four-wheelers.
24/03/2022

Fintech Startup Credilio Raises Pre-Series A Funding To Strengthen Product Portfolio

Fintech startup Credilio has raised USD 4 Million in a Pre-Series A funding round from a number of investors. Led by Cornerstone Venture Partners Fund, the funding round also saw the participation of Exfinity Venture Partners and the founder of Param Capital, Mukul Agarwal as an angel investor.
24/03/2022

Coworking Startup iSprout Secures USD 4 Million

Hyderabad-based coworking space startup iSprout has recently closed a USD 4 Million Pre-Series A funding round from private investors.
24/03/2022

Actress Athiya Shetty Backs Social Commerce Startup Stage3

Bollywood actor Athiya Shetty has invested an undisclosed amount in Delhi NCR-based social commerce startup Stage3.
24/03/2022

Cypher Capital Announces USD 100 Million Blockchain Fund

UAE-based VC firm Cypher Capital has announced the launch of a global USD 100 Million blockchain-focused fund.The fund will primarily focus on crypto and blockchain startups and invest in related domains like DeFi, GameFi, and metaverse
24/03/2022

Virat Kohli invests in Sixth Sense Ventures-backed Rage coffee

Virat Kohli, has joined fast moving consumer products brand Rage Coffee as an investor and brand ambassador.
24/03/2022

OfBusiness lending arm Oxyzo turns unicorn with largest-ever Series A funding

Oxyzo Financial Solutions Pvt Ltd, the financing arm of OfBusiness, has turned unicorn after raising USD 200 million in a Series A fundraise. The round was led by Alpha Wave and co-led by Tiger Global Management, Norwest Venture Partners, Matrix Partners and Creation Investments.
24/03/2022

Kotak, RBL Bank co-lead USD 57 Million debt round in Sequoia-backed Stanza Living

Shared living operator Stanza Living has secured debt capital of USD 57 million co-led by Kotak Mahindra Bank and RBL Bank, with participation from existing lender Alteria Capital.
24/03/2022

A91 Partners leads Series C round in personal care brand Plum

Personal care brand Plum has raised USD 35 million as a part of its Series C funding led by growth stage investor A91 Partners. The round also saw participation from existing investors Unilever Ventures and Faering Capital.
23/03/2022

Adtech Startup Zocket Bags USD 3 Million From Kalaari Capital To Help SMBs Optimise Ad Spends

Adtech startup Zocket has raised USD 3 Million in a seed round of funding led by Kalaari Capital with participation from Kettleborough VC. Zocket helps SMBs to promote their offerings across multiple digital platforms.
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