27/04/2020

Bira 91 Parent Bags USD 20 Million Amid Dry Spell

Delhi-based craft beer maker B9 Beverages, the parent company of Bira 91, has raised USD 20 Million bridge funding in Pre-Series C round led by existing investors Sequoia Capital India and Belgium’s Sofina Capital.
27/04/2020

SaaSBOOMi Sets Up Debt Fund To Support SaaS Startups Through Crisis

The SaaSBOOMi community has announced a debt fund for SaaS startups affected by the coronavirus pandemic. This debt fund will be structured as revenue financing, where startups will repay the borrowed funds out of their revenue, on a monthly basis.
27/04/2020

SoftBank Will Deploy Unspent Vision Fund Corpus In Indian Startups

Japanese multinational conglomerate SoftBank, with USD 13 Billion left in its corpus for the SoftBank Vision Fund, has been in talks with 15-20 companies to strike new deals in India. SoftBank Vision Fund I and II are both interested in buying secondary positions from early-stage investors who are wanting to […]
27/04/2020

Snapdeal founders back water purifier startup Drink Prime

Water purifier startup Drink Prime has raised over INR 3.6 crore as part of its seed round of funding from a clutch of investors including Snapdeal founders Kunal Bahl and Rohit Bansal.
27/04/2020

IoT-based wireless access control startup Spintly raises pre-Series A funding

Internet of Things (IoT) startup Spintly has raised INR 1.9 crore in its pre-Series A round of funding led by US-based angel investors and Goa-based venture accelerator Saltwater Venture Sparks.
27/04/2020

Fintech startup Finaureus Technologies bags pre-Series A funding

Fintech startup Finaureus Technologies has raised undisclosed funding from proprietary investment firm Pinetree Capital.
27/04/2020

Korean gaming company presses funding button for Delhi lender DMI

Delhi-based DMI Group, which operates in consumer lending and affordable housing segments, has raised USD 123 million of equity capital from South Korean gaming company Nexon, which is listed on the Tokyo Stock Exchange.
24/04/2020

Investors Clinic, Kocreate to invest INR 10 crore in a coworking joint venture

Real estate consultant Investors Clinic and coworking space provider Kocreate have agreed to invest INR 10 crore in an equal joint venture for creating new shared workplaces, hoping to benefit from an expected rise in demand for co-working spaces after the Covid-19 crisis ends.
24/04/2020

IT solutions startup Indusface gets USD 5 million in funding

Indusface, a start-up providing IT security solutions, has received USD 5 million funding from Tata Capital Growth Fund II.
24/04/2020

Gray Matters-backed ed-tech firm Guvi raises pre-Series A funding

Guvi Geek Network, which operates vernacular language-based education technology company Guvi, has raised INR 6 crore in its pre-Series A funding round from Education Catalyst Fund, a sector-focused venture capital fund managed by CBA Capital.
24/04/2020

Another Asian investor piles into edtech firm Vedantu with Series C money

Online tutoring platform Vedantu Innovations has secured USD 7 million capital from South Korea’s KB Global as part of its extended Series C round of fundraising.
23/04/2020

Bugworks Raises USD 7.5 Million Series B To Kill Multiple Drug-Resistant Bacteria

Bengaluru-based biotech startup Bugworks Research has raised USD 7.5 Million in Series B funding round led by Japan-based University of Tokyo Edge Capital (UTEC) and Global Brain Corporation along with the participation of existing investor South Africa-based Acquipharma Holdings.
23/04/2020

Binny Bansal’s BTB Ventures backs Zomato co-founder’s health-tech startup

Blacktail Mindhouse, which operates health-technology company Mindhouse, has raised INR 5.2 crore in a funding round led by Binny Bansal’s BTB Ventures. Other investors that participated in the round include GGV Capital and the Aartieca Family Trust.
23/04/2020

Eight Roads-backed CredR raises venture debt from Stride Ventures

Mumbai-based refurbished two-wheeler reseller CredR has raised venture debt funding from Stride Ventures.Existing investors Eight Roads Ventures, GrowthStory and AngelList also participated in the funding round.
22/04/2020

Facebook Acquires 10% Stake In Reliance Jio with USD 5.7 Billion Investment

Global tech giant Facebook has become the biggest minority stakeholder in Reliance Jio with an investment of USD 5.7 Billion. The social media giant has acquired a 9.99% stake in Reliance Jio at a pre-money valuation of USD 65.95 Billion.
22/04/2020

Virtual reality platform raises fresh round of funding

Virtual reality platform Trezi, which connects designers with building product manufacturers has raised an undisclosed amount of funding from Rockstud Capital Investment Fund.
22/04/2020

Payments infrastructure platform YAP collects Series A cheque

M2P Solutions, which operates payments-focussed application programming interface (API) startup YAP has raised USD 4.5 million in its series A funding round led by Beenext. Others that took part in the round include Vikram Chachra-led 8i Ventures Fund, the DMI Group via its investment vehicle Sparkle Fund, and Better Capital.
22/04/2020

Cloud kitchen platform Box8 raises Series C funding

Poncho Hospitality, which operates cloud kitchen platform Box8, has raised nearly USD 3.9 million as part of its ongoing Series C funding round. The company has allotted shares and debentures to the US-based venture capital firm Mayfield and IIFL Seed Ventures Fund.
22/04/2020

Ed-tech startup SoME raises angel funding

School of Meaningful Experiences (SoME), a skills and learning development focussed education-technology startup, has raised an undisclosed amount as part of its angel funding round. The round has been led by Uday Singh, the former group CEO of SIS Group Enterprises.
22/04/2020

Ed-tech startup SoME raises angel funding

School of Meaningful Experiences (SoME), a skills and learning development focussed education-technology startup, has raised an undisclosed amount as part of its angel funding round. The round has been led by Uday Singh, the former group CEO of SIS Group Enterprises.
22/04/2020

Native Angels Network leads investment in dairy products firm UzhavarBumi

UzhavarBumi Agro Products, a dairy products company, has raised INR 1.7 crore from Native Angels Network, the investment arm of the Tier-II and Tier-III focussed Nativelead.
21/04/2020

Beauty startup Nature’s Tattva raises USD 150K from singer Sukhbir Singh, others

Delhi-based beauty startup Nature’s Tattva has raised USD 150K from Bollywood singer Sukhbir Singh and Rakhee Singal, Co-founder, Startup Buddy. Others who participated in this round include Dhianu Das of Alfa Ventures and angel investors such as Bharat Sheth and Ajay Mahendru.
21/04/2020

Orbo.ai Acquires US-based Gemia To Enhance Facial Recognition Stack

Mumbai-based facial technology and computer vision startup Orbo AI has acquired US-based research startup Gemia for an undisclosed amount.
21/04/2020

B2B agri-tech startup Bijak raises Series A funding

Bijak, a business-to-business agricultural-technology startup, has raised INR 12 million in its Series A funding round led by Ru-Net Enterprises Ltd, part of RTP Global. Others that have participated in the round include Sequoia-backed Surge Ventures, Omidyar Network, AL Trust, Tempo Ventures and Omnivore Partners.
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