14/12/2022

Former Google Search Head, Others Invest In SaaS Firm ProfitWheel

SaaS startup ProfitWheel raised INR 10 Crore as a part of its pre-Series A funding round from Ashutosh Garg (co-founder and chief executive at Eightfold AI), Amit Singhal (former head of Google Search), and Nigel Morris (former Dentsu International). Founded by Vivek Bhargava, Gautam Mehra, and Aman Khanna in 2020, […]
13/12/2022

Bengaluru-Based Bumble Bee Flights Raises Funds To Build Autonomous Air Taxis

Bengaluru-based autonomous air mobility solutions provider Bumble Bee Flights has raised INR 300 Crore from the UK-based technology conglomerate SRAM & MRAM Technologies and Resources Limited. Bumble Bee Flights plans to use the fresh funds to set up an assembly plant in Odisha for manufacturing air taxis whose first prototype […]
13/12/2022

GVFL Invests In Pet Grooming Startup Zoivane

Pet grooming platform Zoivane Pets, raised INR 5 Crore from GVFL Ltd in a seed funding round. Founded by Nishma Singhal and Kshitij Singhal in 2019, Zoivane Pets provides products that have natural ingredients, are paraben-free, and are tested by vets. The Surat-based startup will use the fresh funds for […]
13/12/2022

Silverneedle Ventures, Others Back IoT Firm ThingsUp

Pune-based internet of things (IoT) startup ThingsUp secured seed funding of USD 600K from venture capital firm Silverneedle Ventures, Udyat Ventures, Lead Angels, GSF Accelerator, and other angel investors. ThingsUp is a low-code platform that helps businesses to build and deploy IoT applications in a short span of time. The […]
13/12/2022

Foodtech Firm SaveEat Pockets Fresh Funding

Mumbai-based food-saving app SaveEat raised USD 500K from Credent Investment in a pre-seed funding exercise. Founded in 2021, SaveEat helps eateries sell their fresh surplus food and also allows customers to get fresh, quality food from places that would have otherwise gone to waste if not consumed in time. The […]
12/12/2022

Medtech Startup In-Med Secures Funding From Exxora, Others

Medtech startup In-Med Prognostics raised USD 2.13 Million in a seed funding round led by Exxora Trading LLP along with other angel investors. Founded in 2018 by Latha Poonamallee, Rajesh Purushottam, and Al Curran, In-Med offers AI-enabled image-processing software that helps radiologists and neurologists in assessing reports.
12/12/2022

Contlo Snags Fresh Funds From Kae Capital, Others

Artificial intelligence-backed customer data and marketing platform Contlo raised seed funding of USD 3.5 Million led by early-stage venture capital firm Kae Capital. The Bengaluru-based startup, operated by Contlo Technologies Pvt. Ltd will use the fresh funds to boost its product stack, hire talents, and expand its global footprint.
09/12/2022

Uolo Raises USD 22.5 Million In Series A

Edtech platform Uolo has raised USD 22.5 Million in its Series A funding round led by UAE-headquartered venture capital fund Winter Capital. The funding round saw participation from existing investors Blume Ventures and the new Dubai-based fund Morphosis Venture Capital.
09/12/2022

gritech Startup CropIn Raises USD 14 Million Funding From Google, Others

Agritech startup CropIn has reportedly raised USD 14 Million in a fresh funding round from tech giant Google, Impact Assets, and its existing investors Chiratae Ventures and JSR Active Innovation Fund.
09/12/2022

Unilever will also acquire a 19.8% equity stake in Wellbeing Nutrition

Unilever will also acquire a 19.8% equity stake in Wellbeing Nutrition through primary infusion and secondary buyout for a consideration of INR 70 Cr. The transactions are expected to be completed in the next 1-3 months. As part of the deal, HUL representatives will join the Board of each of […]
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.
Top