09/12/2022

HUL Acquires Stakes In OZiva To Bolster Health & Wellness Play

HUL will buy out OZiva for a cumulative sum of INR 264.28 Cr in multiple tranches. It will initially acquire a 51% equity stake in the startup through a combination of primary infusion and secondary buyouts and will acquire the balance 49% at the end of 36 months based on […]
08/12/2022

Lendingtech Startup Yellow Metal Bags Funding To Improve Gold Credit Offerings

Gold lending tech startup Yellow Metal has reportedly secured more than USD 3 Million in its seed funding round led by MSA Capital. WaterBridge Ventures, Spiral Ventures, LetsVenture’s LV Angel Fund and Java Capital’s Csquare Venture Partners Fund also have participated in the funding round.
08/12/2022

Agritech Startup Intello Labs Bags Funding To Meet Working Capital Requirements

AI-based Agritech startup Intello Labs has reportedly raised USD 2.82 Million in Series B funding round at a post-money valuation of USD 77 Million. The round was led by Saama Capital. Existing Investors Avaana Capital, Omnivore, Nexus Ventures, and AgFunder also have participated in the funding round.
08/12/2022

Amikus AI Raises Capital From Inflection Point Ventures

Artificial intelligence-backed legaltech startup Amikus AI has secured over INR 96 Lakhs in a pre-seed funding round from angel network Inflection Point Ventures. The Bengaluru-based startup will use the fresh funds for product team expansion, which includes employing more front-end, back-end and machine-learning developer
08/12/2022

Contractor Management Firm Onsite Closes Seed Round

The contractor management platform Onsite has marked the final close of the seed round at USD 1.5 Million. The latest fundraise saw participation from Artha Venture Fund, Foundamental, and Madhumala Ventures, among others.
08/12/2022

Force Ventures, Veda VC Co-Lead Funding Round In Vidyut

Electric vehicle financing startup Vidyut has secured USD 4 Million in a mix of equity and debt funding co-led by Force Ventures and Veda VC. The round also saw participation from a host of strategic angel investors including Sujeet Kumar (Udaan), Sahil Barua (Delhivery), Kunal Shah (Cred), Sriharsha Majety (Swiggy) […]
08/12/2022

Draper Family-Led Investment Platform Backs Gynocup Maker

Draper family-led investment platform-cum-reality-show Meet The Drapers has invested an undisclosed sum in direct-to-consumer company Mild Cares Pvt. Ltd, which sells feminine hygiene products, including its flagship brand GynoCup.
08/12/2022

Ex-KPMG, EY Execs Floated Firm Pockets USD 12.5 Million

Tech-backed global platform Uniqus Consultech founded by former KPMG and EY executives has secured USD 12.5 Million by selling a minority stake in a Series A funding round led by Nexus Venture Partners, with participation from Sorin Investments and other angel investors.
07/12/2022

Tech Investor Prosus Backs Fashion Startup Virgio, Pumps In USD 10 Million

Fashion startup Virgio has raised USD 10 Million in an extended Series A round led by a Netherlands-based tech investor, Prosus Ventures. With this deal, Prosus will now own 6.25% of the startup. Meanwhile, Accel India continues to remain Virgio’s single largest shareholder in the company at 16.29%
07/12/2022

BPC Brand Renee Rakes In USD 25 Million In Series B

Homegrown beauty brand Renee Cosmetics has raised USD 25 Million in a Series B funding round led by UAE-based fund Evolvence, pegging the company’s valuation at USD 100 Million. The round also saw participation from financial services entity Edelweiss Group and existing investors Equanimity and 9Unicorns.
07/12/2022

Investcorp To Lead USD 45 Million Round In Wakefit

Bahrain’s alternative investment firm Investcorp is set to lead a nearly USD 45 Million round of equity funding in mattress maker and home solutions company Wakefit Innovations Pvt. Ltd. Wakefit’s existing investors, including Sequoia Capital India will also participate in the round
07/12/2022

Blume Ventures Closes Fourth Fund At Over USD 250 Million, Exceeds Target

Early-stage venture capital firm Blume Ventures has marked the final close of its fourth fund at over USD 250 Million exceeding its target corpus of USD 200 Million. Fund will look at investments in startups across consumer, financial services, deeptech and software-as-a-service (SaaS). The other emerging theme will be climate […]
06/12/2022

Good Glamm Group Acquires 51% Stake In Twinkle Khanna’s Content Platform Tweak India

Content-to-commerce unicorn Good Glamm Group has acquired a 51% stake in actor Twinkle Khana’s women-focussed content platform Tweak India in a cash and stock deal. However, the unicorn didn’t disclose the exact numbers. This is the fourth acquisition by Good Glamm this year.
06/12/2022

Biryani By Kilo Acquires Frozen Dessert Startup Get-A-Way

Cloud kitchen startup Biryani by Kilo has acquired a majority stake in healthy dessert startup Get-A-Way. BBK has infused USD 2 Million in Get-A-Way. As part of the deal, Get-A-Way will continue to work independently and use BBK’s distribution channels, supply chain and mid-senior management to expand in the ecosystem.
06/12/2022

HealthKart Bags USD 135 Million In Round Led By Temasek

Singaporean state investor Temasek Holdings has completed a USD 135 Million round investment in HealthKart. The announcement comes days they raised USD 65.7 Million in a Series H round led by Temasek. The latest round is part of the same funding round. Homegrown venture capital firms A91 Partners and Kae […]
06/12/2022

Accel, B Capital Lead Accacia’s Seed Funding Round

Real estate and infrastructure decarbonization platform Accacia raised USD 2.5 Million in a seed funding round led by Accel and B Capital. Other investors in the round included Blume Ventures, Good Capital, Zerodha’s Rainmatter Fund and Canada-based Loyal VC, and some angel investors.
06/12/2022

AlgoBulls Raises Capital From Existing Investor, Others

AlgoBulls Technologies, an algorithmic trading platform focussed on stock markets has secured pre-Series A funding of USD 2 Million led by existing investor Venture Catalysts. The round also saw participation from financial services firm DSP Group, LetsVenture, Hemant Sood and Nitin Shahi (Findoc Finvest) as well as Sharath Kumar (former […]
05/12/2022

Proptech Startup Blox Snags USD 12 Million

Online real estate marketplace Blox has secured Series A funding of USD 12 Million from a clutch of existing Silicon Valley investors as well as new investors and angels including fintech unicorn Cred’s founder Kunal Shah. The startup plans to deploy the fresh proceeds for market expansion, boosting product portfolio […]
02/12/2022

Wipro Acquires AI Startup Linecraft To Expand Digital Capabilities

Wipro Infrastructure Engineering, a subsidiary of Wipro Enterprises, has acquired Pune-based AI startup LineCraft for an undisclosed amount. With this acquisition, Wipro aims to expand its digital capabilities.
02/12/2022

Lendingtech KreditBee Bags USD 80 Million From Premji Invest, Mitsubishi Group

Bengaluru-based lendingtech startup KreditBee has secured USD 80 Million as a part of its ongoing series D funding round from existing investors Premji Invest, Motilal Oswal Alternates, NewQuest Capital Partners and Mirae Asset Ventures. The round also saw participation from Mitsubishi UFJ Financial Group (MUFG) Bank.
02/12/2022

PrimeOS has raised USD 1 Million in a seed funding from Kundan Group, Brindavan Group and Infotel Business Solution

Delhi-based operating system firm PrimeOS has raised USD 1 Million in a seed funding from Kundan Group, Brindavan Group and Infotel Business Solution. Following this, PrimeOS has also given exits at a three-fold valuation to its early backers, Venture Catalysts and a few angel investors, in its latest round
02/12/2022

Leap.club has secured fresh funding of USD 1 Million led by existing investor Enzia Ventures

Konflake Tech Pvt. Ltd, which operates women-focussed networking platform Leap club has secured fresh funding of USD 1 Million led by existing investor Enzia Ventures. The round also saw participation from a clutch of investors including Artha India Ventures, Ghazal Alagh (Mamaearth), Alok Mittal (Indifi) and Atul Goel (E-City Ventures), […]
02/12/2022

Better Capital-Backed IppoPay Makes Its Second Bet

Chennai-based payment gateway platform IppoPay Technologies has bought fintech-focussed IT products and services firm Roamsoft Technologies Pvt. Ltd in an all-cash deal, marking its second acquisition so far. Financial details of the deal were not disclosed.
02/12/2022

Aye Finance Bags USD 10 Million From ResponsAbility

Lending startup Aye Finance has raised USD 10 Million via external commercial borrowings (ECBs) from its existing Swiss-based investor responsAbility Investments AG. Aye will be utilizing the additional funds to offer business loans to the excluded microenterprise sector to support their growth and enable their inclusion into the formal economy, […]
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