09/01/2023

9 Unicorn Ventures Leads Pre-Seed Round In Agritech Firm Greenikk

Kerala-based agritech startup Greenikk has secured INR 5.4 Cr as a part of its pre-seed funding led by venture fund 9 Unicorn Ventures. The round also saw participation from Smart Spark Ventures, Manish Modi, (Mastermind Capital Ventures), Saurabh Agarwal and Mayank Tiwari, (Reshamandi) and Arjun Pillai (Zoom info), among others
09/01/2023

Agritech Startup Cropin Secures Funding From Google, Existing Backers

Bengaluru-based agritech firm Cropin Technologies has raised INR 113 Cr from a set of new and existing investors in a latest transaction. While technology giant Google and precision tech firm JSR Corporation participated as new investors, the company’s previous backers, ABC World Asia and Chiratae Ventures also contributed to this […]
09/01/2023

Blume Backs Healthcare-Focused Startup Virohan In Pre-Series B1

Virohan, a platform that offers healthcare-related educational courses and training has raised USD 7 Million in its pre-Series B1 round, led by Blume Ventures for a minority stake. Other participants in the capital raise included Bharat Inclusion Seed Fund, Rebright Partners and Lesing Artha Ltd, along with Harshvardhan Rajgarhia, who […]
09/01/2023

Kotak Securities, Cred’s Kunal Shah, Others Back Fintech Firm BankSathi

Bengaluru-based fintech platform BankSathi has secured pre-Series A funding of USD 4 Million from a clutch of investors including Kotak Securities Limited (KSL), Lets Venture and We Founder Circle, among others. The round also saw participation from Recur Club, Liquiloans, Sunil Singhania (Abakkus), Kunal Shah (Cred), Varun Alagh (MamaEarth) and […]
09/01/2023

Morgan Stanley-Run Fund Invests In Geriatric Care Startup Athulya

Chennai-based geriatric care firm Athulya Assisted Living has raised INR 77 Cr from North Haven India Infrastructure Partners, a fund managed by Morgan Stanley India Infrastructure. This investment will help Athulya to focus on talent acquisition, infrastructure development and skill training, thereby creating direct and indirect employment opportunities for around […]
06/01/2023

InsuranceDekho raises INR 300 Crores led by Goldman Sachs

CarDekho’s insurance unit InsuranceDekho has raised INR 300 Crores led by West Street Global (an investment arm of Goldman Sachs group). InsuranceDekho was launched by automobile aggregator CarDekho in 2019 to make it easier for customers to compare and buy motor and health insurance. Led by Ankit Agrawal, the platform […]
06/01/2023

Rural commerce startup VilCart raises Series A round

Rural commerce startup VilCart has raised USD 13 Million in a Series A round led by Asia Impact with the participation of Nabventure Fund and Texterity Private Limited. Founded in 2018, VilCart is a tech-enabled rural-to-rural supply chain that helps village kirana stores easily procure inventory, and manage logistics and […]
06/01/2023

Advent Invests In KreditBee’s USD 200 Million Round

Fintech startup KreditBee raised USD 100 Million more in an extension of its Series D round in primary funding from private equity investor Advent International. KreditBee was founded in 2016 and offers credit and other personal finance services through its registered non-banking financial company (NBFC), Krazybee Services Pvt Ltd. The […]
05/01/2023

EV Charging Aggregator ElectricPe Closes USD 5 Million Round

Electric vehicle charging aggregator ElectricPe has closed a USD 5 Million Pre-Series A funding round. The round was led by Green Frontier Capital, Blume Ventures, and Micelio Fund. Dubai-based NB Ventures, Anchorage Capital Partners, Supermorpheus, and Climate Angels also took part in the funding round. ElectricPe will use the funds […]
05/01/2023

RateGain To Acquire DaaS Startup Adara For Over USD 16 Million

Listed travel tech startup RateGain has inked an agreement to acquire data exchange platform Adara for USD 16.1 Million. As per the startup, Adara’s acquisition will help RateGain strengthen and consolidate its position across commercial teams in partnered hotel chains, airlines and car rental companies
05/01/2023

Gamified Fintech Startup Fello Secures Funding To Help Youth Learn Savings

Game-based investment startup Fello has raised USD 4 Million in a fresh funding round led by US-based Courtside Ventures along with participation from Entrepreneur First, Ycombinator, Kube Venture, and Upsparks. CRED’s Kunal Shah, Groww’s Lalit Keshre, Dafeng’s Charlie Songhurst, and Alan Rutledge also have participated in the funding round.
05/01/2023

HRtech Unicorn Darwinbox Bags USD 5 Million Funding From State Bank of India

HRtech unicorn Darwinbox has secured USD 5 Million in an extended Series D funding round from State Bank of India (SBI). Darwinbox will use the fresh funds for marketing, capital expenditure and other business operations
05/01/2023

Education Financier Varthana Raises USD 7 Million From MicroVest

Bengaluru-based school finance company Thirumeni Finance has raised USD 7 Million from MicroVest, a global investment firm based out of the United States. The investment will be deployed towards affordable education in rural India and providing loans to private schools at affordable rates. This funding also aims at aiding and […]
05/01/2023

Nexus Ventures Eyes USD 700 Million Fund To Bet On India, US Tech Startups

Nexus will invest the new funds – which will be the biggest raised in India after Sequoia’s USD 2.85 Billion funds in mid-2022 – in early-stage funding rounds of Indian internet and technology startups, as well as U.S.-based software firms
05/01/2023

Plus has raised fresh funding round led by Jito Angel Network

Jewellery savings firm Plus has raised an undisclosed amount in a fresh funding round led by Jito Angel Network. The Bengaluru-based startup will deploy the fresh proceeds to boost the product stack and strengthen its leadership team.
05/01/2023

NymbleUp has secured seed funding of INR 3 Cr from venture capital firm IvyCap Ventures

Mumbai-based software-as-a-service startup NymbleUp has secured seed funding of INR 3 Cr from venture capital firm IvyCap Ventures. The fresh capital will be deployed to onboard more talents and expanding its footprint to the US and Southeast Asia markets.
05/01/2023

GMR Sports In Talks To Buy ‘Significant’ Stake In Harsha Bhogle-Backed Fantasy Akhada

Fantasy gaming firm Fantasy Akhada is reportedly planning to sell a ‘significant’ stake to GMR Sports, a GMR Group entity, at a valuation of USD 160-175 Million. The deal is likely to take place in tranches, with GMR topping up in the subsequent rounds, buying out some early backers
04/01/2023

B2B Edtech Startup Uolo Acquires Online Learning Platform Tekie

B2B edtech startup Uolo has acquired the online learning platform Tekie for an undisclosed amount. The acquisition will help Uolo offer affordable learning programs to school students. The development has come almost a month after Uolo raised USD 22.5 Million in Series A funding round led by VC fund Winter […]
04/01/2023

SaaS Startup SirionLabs Raises USD 25 Million To Consolidate Market Position

Contract lifecycle management SaaS startup SirionLabs has raised USD 25 Million from Brookfield Growth as part of its extended Series D funding round. The startup has raised USD 110 Million in total in its Series D, which has seen the participation of Sequoia India, Tiger Global and Partners Group
04/01/2023

MetaMan Acquires Jewellery Brand Drip Project

Men’s jewellery startup MetaMan has acquired Mumbai-based luxury jewellery brand Drip Project for USD 1 Million. Drip Project is a hip-hop jewellery brand founded by Harsh Maskara and Rohit Golia in 2021. With this acquisition, Maskara will join as MetaMan’s co-founder and Golia as a member of the board of […]
04/01/2023

Venture Debt Fund 8vdX’s New Move To Aid Startups In Early Stages

Venture debt marketplace 8vdX has launched an initiative called Seedex Booster, aimed to provide up to USD 1 Million additional funding to startups in pre-Series A rounds. The new offerings under the initiative will look to provide bridge loans to Y-Combinator startups leading up to demo day
03/01/2023

Lending Startup SarvaGram Raises USD 35 Mn Funding Round To Expand Offline Presence

Lendingtech startup SarvaGram has raised USD 35 Million Series C funding round. Elevar Equity, Elevation Capital, Temasek, TVS Capital Funds, and Elevar Equity participated in the round. SarvaGram will deploy fresh funds to expand its distribution network by adding 75 more outlets by the end of FY 2024
03/01/2023

Self Reliant India Fund Commits Fresh Funding In Anicut’s Equity Fund

Chennai-based alternative assets firm Anicut Capital has received a commitment of INR 75 Cr from Self Reliant India Fund for its equity fund. The fund, with a targeted corpus of Rs 500 Cr, is expected to hit the final close by June this year
02/01/2023

InCred Capital Acquires Wealth Management Startup Orowealth

Fintech startup InCred Capital has acquired wealth tech startup Orowealth in an all-cash deal for the launch of its retail-focused wealth tech platform ‘InCred Money’. However, the startup didn’t disclose the funding amount
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