08/07/2020

Co-living startup Zolostays collects Series C cheques from Investcorp, others

Co-living startup ZoloStays Property Solutions Pvt. Ltd has raised USD 56 million  in a Series C round of funding led by Global alternative asset manager Investcorp. Other participating investors in this round include venture capital firm Nexus Venture Partners, South Korea’s Mirae Asset and venture debt firm Trifecta Capital.  
08/07/2020

Kid services platform PiggyRide raises pre-Series A funding

Kidext Technologies Pvt. Ltd, which operates parent-focused child services platform PiggyRide, has raised INR14 crore  in a pre-Series A funding from Singapore-based venture capital firm JAFCO Investment Asia Pacific, and Artha Venture Fund.  
08/07/2020

Mumbai Angels commits funding to ed-tech startup Edhusk

Edhusk Pvt. Ltd, an education-technology startup that focuses on a hybrid approach for students looking for tutors, has raised an undisclosed amount from investment platform Mumbai Angels Network.  
08/07/2020

Specsmakers gets more capital from Eight Roads

Eye-care products retail chain Specsmakers Opticians Pvt. Ltd, has raised additional INR 23 crore from existing investor Eight Roads Ventures primarily to ramp up its online presence.  
07/07/2020

Four proptech startups from Brigade REAP’s portfolio raise undisclosed amount

Brigade REAP, Asia’s first proptech accelerator, has announced that four startups from its portfolio, including LiveSafe1, Aapka Painter, Renewate, and PropVR have raised an undisclosed amount of funding during the ongoing Coronavirus crisis. These companies impact diverse areas such as sustainability, home improvement, and last yard delivery.  
07/07/2020

Chai Waale secures INR 1.75 crore as funding

Beverage brand Chai Waale has raised INR 1.75 crore from angle investors. Chai Waale is aiming to have 40-45 fully operational outlets by March 2022.  
07/07/2020

Sequoia closes USD 1.35-billion India venture & growth fund

Sequoia Capital has closed a USD 1.35 billion India venture and growth fund, the largest corpus by the blue-chip Silicon Valley fund for the region. The fund has received commitments for two India and Southeast Asia-focused funds a USD 525 million venture fund and a USD 825 million growth fund  […]
07/07/2020

Blue Ashva Capital hits initial close of SME-focussed fund

Blue Ashva Capital, an India- and Singapore-based investment firm that concentrates on sustainable businesses in core sectors, has hit the initial close of a new fund that aims to invest in small and medium-sized enterprises. Blue Ashva Sampada Fund – has received commitments of INR 454 crore.  
07/07/2020

Livestock-focused Brainwired raises funding from Mumbai Angels

Drakon Innovations Pvt. Ltd, which operates livestock-focused agri-tech startup Brainwired, has raised an undisclosed amount from Mumbai Angels Network.  
07/07/2020

Aye Finance raises debt funding from Germany’s Invest in Vision

Non-banking lender and financial technology firm Aye Finance Pvt. Ltd has raised INR 125 crore in debt funding from Invest in Visions, a Germany-based social impact investor that focuses on segments including sustainable agriculture, social enterprises, and social impact lending.  
07/07/2020

TPG’s Rise Fund joins Engie’s impact arm as investor in Frontier Markets

Frontier Markets Consulting Pvt. Ltd, a startup that focuses on last-mile distribution in rural areas, has raised USD 2.25 million in pre-Series A funding led by Engie Rassembleurs d’Energies, The Rise Fund and The Singh Family Trusts. Other participants in the round include China- and Indonesia-based Teja Ventures and affiliates […]
06/07/2020

Online pharmacy 1mg to raise USD 17.8 mn debt from investor consortium

Gurugram-based 1mg Technologies, which operates an eponymous online pharmacy, is raising USD 17.8 million debt from MPOF Mauritius, MAF Mauritius and Swiss healthcare-focused firm HBM Healthcare Investment. Other investors in the round include the family office KWE Beteiligungen and World Bank’s investment arm International Finance Corporation (IFC).  
06/07/2020

Retail-tech startup Gobbly raises seed funding from Sauce.vc

Rudraksha Tech Labs Pvt. Ltd, which operates contactless retail-tech startup Gobbly, has raised INR 3.7 crore  in seed funding from early-stage consumer-focused venture firm Sauce.vc.  
06/07/2020

Deepika Padukone-backed Blu Smart raises funding from Mumbai Angels, others

Blu Smart Mobility Pvt. Ltd, an electric taxi-hailing and riding platform, has raised INR 37 crore in a pre-Series A funding round, from Mumbai Angels Network, Inflection Point Ventures and others.  
06/07/2020

Mumbai Angels Network invests in defence-tech startup Big Bang Boom

Big Bang Boom Solutions (BBBS) Pvt. Ltd, which operates a defence-technology company focused on developing indigenous intellectual property, has raised USD 1 million from Mumbai Angels Network.  
06/07/2020

Better Capital, Snapdeal founders invest in AI startup Inspektlabs

Inspektlabs Inc., an inspection-focused startup based on artificial intelligence , has raised INR 4.5 crore in a pre-Series A funding round led by venture firm Better Capital and Titan Capital. A clutch of angel investors also participated in the funding round.  
03/07/2020

Indian social video app MitronTV raises seed funding, aims to fill TikTok void

Mitron TV Pvt. Ltd, which operates social video platform MitronTV, has raised INR 2 crore in seed funding. Investors that have participated in funding the Bengaluru-based startup include venture capital firm 3one4 Capital as well as a LetsVenture syndicate led by Arun Tadanki.  
03/07/2020

B2B marketplace Bulk MRO secures debt funding from Stride Ventures

Business-to-business marketplace startup Bulk MRO Industrial Supply Pvt. Ltd, which is backed by US incubator Y Combinator, has raised INR 25 crore  in debt funding from Stride Ventures.  
03/07/2020

Manufacturing services marketplace Zetwerk snags Series C funding

Bengaluru-based Zetwerk Manufacturing Businesses, which operates a business-to-business manufacturing services marketplace, has raised USD 21 million in a Series C funding round led by San Francisco-based Greenoaks Capital, Zetwerk. Other participants include existing backers Accel, Kae Capital, Lightspeed and Sequoia Capital India.  
02/07/2020

Forbidden Foods raises seed funding; to compete with PepsiCo, ITC

Packaged foods startup Forbidden Foods has raised seed funding of USD 1 Million from marquee angel investors and rolled out its first product line to compete directly with PepsiCo, Parle, ITC in the organised snacks space.  
02/07/2020

Edtech startup Flinto raises USD 7.2 Million in Pre-Series B led by Lightbox Ventures

Flinto Learning Solutions, a Chennai-based edtech startup, has raised USD 7.2 million in Pre-Series B funding, led by Lightbox Ventures. The funding will be utilised by Flinto to support its rapid growth in the early learning space and to expand its newly-launched preschool solution Flintoclass@HOME.    
02/07/2020

Artha Venture Fund backs kids’ cab service platform Piggy Ride in eighth bet

Early-stage micro venture capital firm Artha Venture Fund has invested INR 3.5 crore in a mobility platform for kids, Piggy Ride. The investment is part of Piggy Ride’s pre-Series A funding round. The funding was led by existing investor JAFCO Investment Asia Pacific, a Tokyo-based venture capital firm.  
01/07/2020

Unicorn India Ventures strikes second deal from Fund II, backs fintech ChitMonks

Hyderabad-based Pangean Global Services, which owns and operates fintech platform ChitMonks, has raised USD 650,000 in its first institutional funding round from venture capital firm Unicorn India Ventures.  
01/07/2020

Agritech startup Arya raises debt funding for NBFC unit

Delhi-based agritech startup Arya Collateral Warehousing Services, has raised an undisclosed amount in a debt funding round from Zurich headquartered investment firm responsAbility.  
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