04/04/2023

Lendingtech Platform Moneyboxx Finance Bags INR 24 Cr Funding

Listed lendingtech platform Moneyboxx Finance has raised INR 24 Cr in funding via private placement from non-promoter investors. The startup will use the capital to expand its operations and fund the growth of its assets under management (AUM). The investment will also be used to tap into ‘growth opportunities’ in […]
04/04/2023

AVIOM Housing Finance Raises USD 30 Million To Support Low-Income Households

Delhi-based AVIOM Housing Finance Corporation (AVIOM HFC) has raised USD 30 Million in a Series D funding round led by Nuveen through a mix of primary and secondary investments in tranches. The housing finance startup plans to deploy the incoming funds to grow its loan book.
04/04/2023

Sequoia-Backed Capillary Technologies Acquires SaaS Co Brierley

SaaS startup Capillary Technologies has acquired US-based Brierley for an undisclosed amount. The acquisition will help Capillary expand its customer loyalty platform, upscale business, and enhance product capabilities as well as partnership networks. The acquisition will further enable Capillary to deliver exponential value to its enterprise clientele, thus, helping them […]
04/04/2023

Online learning startup ixamBee raised USD 607, 914 in a pre-Series A funding round led by Inflection Point Ventures (IPV).

Online learning startup ixamBee raised USD 607, 914 in a pre-Series A funding round led by Inflection Point Ventures (IPV). The round also saw participation from SAN Angels, existing investors Mumbai Angels, and Keyur Joshi (MakeMyTrip). The funding will be deployed towards developing the tech stack, marketing, and content development.
04/04/2023

Lawyered has raised USD 1 Million in a pre-Series A funding round led by India Accelerator’s angel investors’ network iAngels.

Legaltech startup Lawyered has raised USD 1 Million in a pre-Series A funding round led by India Accelerator’s angel investors’ network iAngels. The round also saw participation from Logistics Fund India (LFI); Apoorva Vora (Finvolve); Bhuvan Gupta (OfBusiness) and Kunal Dikshit (ICICI Home Finance) amongst others. The Gurguram-based startup will […]
04/04/2023

Narrato has raised USD 1 Million in a pre-seed funding round led by AirTree Ventures

Artificial intelligence (AI)-based content platform Narrato has raised USD 1 Million in a pre-seed funding round led by AirTree Ventures. The round also saw participation from community-powered global venture fund TheFund and a host of angel investors, including Ruchi Kalra and Bhuvan Gupta (OfBusiness). The company will deploy the fresh […]
04/04/2023

Dozer has secured USD 3 Million in a seed funding round led by Sequoia Capital India’s accelerator program Surge

Technology startup Dozer has secured USD 3 Million in a seed funding round led by Sequoia Capital India’s accelerator program Surge, with participation from Gradient Ventures and January Capital. The fresh funding will help the company scale its product and engineering teams.
04/04/2023

Zyod has raised USD 3.5 Million in a seed funding round led by Lightspeed.

Business-to-business (B2B) apparel sourcing and manufacturing startup Zyod has raised USD 3.5 Million in a seed funding round led by Lightspeed. The round also saw participation from FJ Labs, Panthera Peak Capital, and angel investors including Abhishek Goyal (Tracxn), Abhinav Sinha (Oyo), Gaurav Hinduja (Gokaldas Exports) and Ravi Khandelwal (Yufta) […]
04/04/2023

Prozeal Infra Engineering Pvt Ltd has raised USD 4 Million in a Series A funding round from Chandrakant Gogri’s family office

Solar infrastructure company Prozeal Infra Engineering Pvt Ltd has raised USD 4 Million in a Series A funding round from Chandrakant Gogri’s family office arm Alchemie Ventures. The Ahmedabad-based firm will use the fresh capital to scale its operations and execute developer-model projects for energy and utility companies.
03/04/2023

DMI Finance Raises USD 400 Million From Japan’s MUFG Bank, SuMi TRUST Bank

Mumbai-based DMI Finance has raised USD 400 Million in a funding round led by Mitsubishi UFJ Financial Group, through its subsidiary MUFG Bank. Existing investor Sumitomo Mitsui Trust Bank (SuMi TRUST Bank). The round also saw participation from existing investor Sumitomo Mitsui Trust Bank (SuMi TRUST Bank).
03/04/2023

Ratan Tata’s Avanti Finance Raises USD 24 Mn To Scale Customer Base

Bengaluru-based non-banking financial company (NBFC) Avanti Finance has reportedly raised USD 24 Million from Rabo Partnerships and IDH Farmfit Fund. The round also saw participation from existing investors Oikocredit and Nandan Nilekani’s family office NRJN Trust. The startup will used funds to focus on providing data-driven finance solutions to smallholder […]
03/04/2023

iNurture Education Acquires Youth4Work; Forms New Venture ‘Y4W Learning’

Edtech startup iNurture Education has acquired Jag Bros Consultants’ brand ‘Youth4Work’ for an undisclosed amount. As part of the deal, iNurture Education and Youth4Work have formed a new subsidiary called Y4W Learning Pvt Ltd. Y4W Learning will essentially work on the leads generated from ‘Youth4Work’ assessment platform to grow enrollments […]
03/04/2023

Metastable Materials has secured an undisclosed amount in seed funding round led by Sequoia Capital.

Deeptech startup Metastable Materials has secured an undisclosed amount in its seed funding round led by Sequoia Capital India’s accelerator program Surge. The round also saw participation from Speciale Invest, Theia Ventures and a clutch of angel investors including Akshay Singhal and Kartik Hajela (Log9), Archana Priyadershini, (fwdSlash Capital) and […]
03/04/2023

CometChat has raised USD 5 Million in a debt funding round from Utah-based Zions Venture Fund.

Mumbai and Denver-based cloud-based communication firm CometChat has raised USD 5 Million in a debt funding round from Utah-based Zions Venture Fund. The company will use the fresh funds for product development, geographical expansion, and consolidation across the Asia Pacific region and Europe.
31/03/2023

ixamBee raises INR 5 Cr in pre-Series A led by Inflection Point Ventures

Online learning platform ixamBee has raised INR 5 Cr in its pre-Series A round led by Inflection Point Ventures (IPV). The round also saw participation from SAN Angels, and Keyur Joshi. The funds will be used for marketing, content development, and technology.
31/03/2023

D2C Pet Care Brand Wiggles Acquires Rival Capt Zack

Pune-based D2C pet care brand Wiggles announced the acquisition of rival Capt Zack in a cash and stock deal. Wiggles has acquired a 100% stake in Capt Zack. The acquisition will help Wiggles enter newer categories and markets and bolster the offerings of both brands.
31/03/2023

Polytrade raised USD 3.8 Million in a seed funding round led by Alpha Wave, Matrix Partners, Polygon Ventures and CoinSwitch Ventures.

Web3 startup Polytrade raised USD 3.8 Million in a seed funding round led by Alpha Wave, Matrix Partners, Polygon Ventures and CoinSwitch Ventures. The round also saw participation from Singularity Ventures, GTM Ventures and undisclosed angel investors. The startup aims to utilize the funding received to develop its product suite, […]
31/03/2023

Atica has raised an undisclosed amount in its seed funding round led by Titan Capital.

Software-as-a-service (SaaS) startup Atica has raised an undisclosed amount in its seed funding round led by Titan Capital. The round also saw participation from Rahul Talwar (DLF Family Office), Anil Goel (Byju’s), Bhuvan Gupta (OfBusiness), Ramji Sundararajan (Mckinsey Palo Alto), Prashant Sood (Eros Group) amongst others. The Bengaluru-based company plans […]
29/03/2023

The Souled Store Raises INR 135 Cr To Open 200 Stores Across India

Omnichannel lifestyle startup The Souled Store has raised INR 135 Cr in a strategic funding round led by Xponentia Capital. The round also saw participation from its current investors Elevation Capital and RPSG Capital. The startup will use the funding to expand into new categories and scale its offline operations.
29/03/2023

Ronnie Screwvala, Temasek Pump INR 300 Cr In upGrad

Edtech major upGrad has raised INR 300 Cr via a rights issue. Existing investor Temasek invested INR 81 Cr and upGrad’s cofounder and chairperson Ronnie Screwvala contributed INR 212 Cr. The rest of the rights issue was mopped up by other minority stakeholders.
29/03/2023

Blacksoil-Backed LoanTap Acquires Lendingtech Startup Unofin

Lendingtech startup LoanTap has acquired healthcare-focused fintech startup Unofin for an undisclosed amount. The acquisition is part of LoanTap’s plans to expand its presence in the healthcare finance space and also, provide affordable financing options for healthcare needs. The deal will also enable LoanTap to leverage Unofin’s network of hospitals, […]
29/03/2023

Lifelong Group-Led Consortium Snaps Up GoMechanic

A consortium led by auto component maker Lifelong Group has bought beleaguered car workshop and auto spare parts platform GoMechanic. The acquisition of GoMechanic business aligns with the group’s strategic vision of synergizing its proven expertise in the automotive industry.
29/03/2023

Nourish You has secured an undisclosed amount from actor Samantha Ruth Prabhu

Nutrivative Foods Pvt Ltd, which runs the superfood brand Nourish You, has secured an undisclosed amount from actor Samantha Ruth Prabhu, as part of their ongoing seed funding round. It plans to use the seed funding for research and development, product building, hiring and expansion.
29/03/2023

Mediproducts has raised USD 704,197 in a seed funding round led by BioAngels and Colossa Ventures.

Healthcare startup Serigen Mediproducts has raised USD 704,197 in a seed funding round led by BioAngels and Colossa Ventures. The round also saw participation from other angel investors such as Shantanu Deshpande (Bombay Shaving Company), Anand Deshpande (Persistent Systems), Sanjay Dalmia (Dalmia Group), and Priti Rao (Mastek). The Pune-based company […]
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