22/03/2023

BharatPe Picks Up Majority Stake In Trillion Loans, Looks To Bolster Lending Play

Fintech juggernaut BharatPe has reportedly picked a majority stake in Mumbai-based non-banking financial company (NBFC) Trillion Loans Fintech. The deal will enable BharatPe to easily offer loans and credit facilities as well as bypass reliance on other NBFCs.
22/03/2023

Milkbasket Cofounder Anant Goel’s New Startup Sorted Bags USD 5 Million

Sorted, a franchisee network of digital mom-and-pop stores, the F&V startup has so far raised USD 5 Million in its ongoing seed round. Sorted will enable access to quality fruits and vegetables that are straight from the farms
22/03/2023

Car Rental Startup IndusGo Secures USD 12.1 Million To Add 1,000 Vehicles To Its Fleet

Car rental platform IndusGo has secured USD 12.1 Million from its parent company Indus Motors to add 1,000 cars to its existing fleet of 489 cars. The startup also plans to deploy the funds to develop technology and hire talent to enhance its customer services.
21/03/2023

WestBridge-Backed PhysicsWallah Acquires K-12 Edtech Startup Knowledge Planet

Edtech unicorn PhysicsWallah has reportedly acquired UAE-based, K-12 online learning platform Knowledge Planet for an undisclosed sum. With this acquisition, PhysicsWallah is planning to expand across the Gulf Cooperation Council (GCC) region by 2024.
21/03/2023

EV Charging Startup CHARGE+ZONE Raises USD 54 Million In Funding Round Led By BlueOrchard

EV charging startup CHARGE+ZONE has raised USD 54 Million in its Series A1 funding round. The funding round was a mix of debt and equity, with BlueOrchard Finance providing debt funding of USD 8 Million The round, which also saw participation from existing and new institutional investors.
21/03/2023

M&M Acquires 100% Stake In Agritech Startup MITRA

Mahindra & Mahindra (M&M) has inked definitive agreements with agritech startup MITRA, increasing its stake from 47.33% to 100%. Thereby, MITRA is now a wholly-owned subsidiary of M&M. With this acquisition, MITRA plans to scale its product portfolio and expand network in India and overseas markets
21/03/2023

WinZO Launches USD 50 Million Gaming Fund To Invest In Startups

Gaming startup WinZO has launched a USD 50 Million ‘Game Developer Fund’ to invest in global gaming startups. WinZO would invest in startups across all forms of interactive entertainment – game developers and publishers, economies around gaming, content creation, live-ops, and security. The games would cover diverse genres from casual, […]
21/03/2023

PAG-Backed Nuvama Wealth Acquires Wealthtech Startup Pickright

Listed wealth management firm Nuvama Wealth, which was earlier known as Edelweiss Personal, has reportedly acquired a 74% equity in wealthtech startup Pickright Technologies. The acquisition will offer an exit to Pickright’s existing investors–Mumbai Angels Network, JITO Angel Network and 100x.VC. The acquisition will help Nuvama tap into Pickright’s platform […]
21/03/2023

The UAE-based fintech startup Sav raised USD 750,000 in a pre-seed round from angel investors this week.

The UAE-based fintech startup Sav raised USD 750,000 in a pre-seed round from angel investors this week. Sav facilitates financial savings for consumers by letting users keep track of their savings and rewards them for achieving a saving goal.
21/03/2023

Bazaara, a resale fashion app in the UAE, raised USD 230,000 in its pre-seed round from Flat6Labs

Bazaara, a resale fashion app in the UAE, raised USD 230,000 in its pre-seed round from Flat6Labs UAE and angel investors. The startup aims to scale up in the UAE and fully launch in Saudi Arabia.
21/03/2023

Burger Index raised USD 1.3 Million in seed funding led by Flat6Labs.

Spanish food-tech startup Burger Index raised USD 1.3 Million in seed funding led by Flat6Labs. The startup will use the funds to expand into the six member GCC region including the UAE. It will also use the funding to expand data coverage to include digital groceries and supermarkets.
21/03/2023

Tamara secured a receivables warehouse facility, a short-term funding arrangement of up to USD 150 Million from Goldman Sachs

Saudi fintech startup Tamara secured a receivables warehouse facility, a short-term funding arrangement of up to USD 150 Million from Goldman Sachs to facilitate expansion of its buy-now-pay-later products in the Gulf region and grow its new verticals.
21/03/2023

The UAE-based fintech Qlub raised USD 25 Million in a new funding round this week

The UAE-based fintech Qlub raised USD 25 Million in a new funding round this week. The round also saw participation from VC firms STV, Raed Ventures and Shorooq Partners. The startup plans to use the fresh capital to fuel growth and develop new offerings.
21/03/2023

Kuwait-based online coffee marketplace COFE raised USD 15 Million led by Wa’ed Ventures.

Kuwait-based online coffee marketplace COFE raised USD 15 Million led by Wa’ed Ventures. The funding is aimed to fuel the company’s e-commerce offerings.
21/03/2023

Almentor raised USD 10 Million in pre-Series C funding led by e&capital

The UAE-based edtech company Almentor raised USD 10 Million in Pre-Series C funding led by E&Capital to scale up investment in the business-to-consumer (B2C) segment and fuel its expansion into Saudi Arabia. Its existing investors include Sawari Ventures, Egypt Ventures, Partech, Endure Capital, and Sango Capital, who also participated in […]
21/03/2023

Fintech startup Univest has raised USD 1.5 Million in a seed funding round led by US-based Trinity Media group.

Fintech startup Univest has raised USD 1.5 Million in a seed funding round led by US-based Trinity Media group. The round also saw participation from a clutch of angel investors including Karan Goel (McKinsey), Sudhir Singhvi (Raheja Group) and Piyush Gupta (Tata AIA) amongst others. The Gurugram-based company will deploy […]
21/03/2023

Healthcare startup Sukino Healthcare Solutions has raised USD 6.04 Million in a Series A

Healthcare startup Sukino Healthcare Solutions has raised USD 6.04 Million in a Series A funding round from Stakeboat Capital. The Bengaluru-based firm will use the fresh funding for geographical expansion and to diversify its services.
17/03/2023

AI startup Adept raises USD 350 Million in fresh funding

Artificial intelligence (AI) startup Adept raised USD 350 Million in a Series B funding round led by General Catalyst and Spark Capital. The company plans to use the new funds to launch its initial products, train models, and recruit more AI talent.
17/03/2023

Visa application startup Atlys raising USD 12 Million from Sequoia and others

Online visa application platform Atlys has raised USD 12 Million from Sequoia Capital and Accel Partners. The company will use the fresh investments to build out its team and expand its coverage in India and other countries.
17/03/2023

Acko acquires healthtech platform ParentLane

New age insurance firm Acko has acquired Parentlane, a digital health platform in the maternity and child health space, for an undisclosed amount. With this acquisition, the combined entity will deliver personalised content and services to enable better healthcare choices, informed decisions, and improved outcomes.
17/03/2023

PhonePe raises USD 200 Million in additional funding from Walmart

Fintech platform PhonePe has raised an additional USD 200 Million in primary capital from Walmart. PhonePe plans to deploy these funds to build and scale new businesses like insurance, wealth management, lending, stockbroking, ONDC-based shopping, and account aggregators. The capital will also help PhonePe turbo-charge the next wave of growth […]
16/03/2023

Legaltech Firm Yellow Snags Seed Funding

Yellow, a startup founded by Niranjan Vemulkar and Nikhil Varghese, has raised an undisclosed amount in a seed funding round from Gruhas Proptech. Yellow aims to provide a cost-effective digital estate planning solution.
16/03/2023

Augmented-reality based in-restaurant ordering app peAR raised USD 507,943 in a pre Series A

Augmented-reality based in-restaurant ordering app peAR raised USD 507,943 in a pre Series A funding round co-led by 1crowd, Chennai Angels and Inflection Point Ventures (IPV). The Mumbai-based startup will use the capital for development of its technology stack and expanding its presence across geographies.
16/03/2023

Fintech firm Finsire has raised seed funding of USD 1.3 Million led by DevX Venture fund

Fintech firm Finsire has raised seed funding of USD 1.3 Million led by DevX Venture fund. The round also saw participation from iSeed, Spark Capital, 1947 Rise, Adept ventures and Portal Angel Investors, among others. Finsire plans to use the fresh capital towards increasing the team size, building more products, […]
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