26/05/2022

Bharat Innovation Fund Backs Software Startup A5G Networks

Software startup, A5G Networks has received an undisclosed amount of investment from deep tech-focussed venture capital fund Bharat Innovation Fund. The funds will be used to hire talents, boost customer engagement across the globe and accelerate A5G’s business.
26/05/2022

Inventus eyes INR 900 Cr corpus for 4th fund, rebrands itself as Athera

Early-stage venture capital (VC) firm Inventus India has launched the fourth fund that seeks to raise INR 900 cr and has rebranded itself as Athera Venture Partners
26/05/2022

Country Delight raises USD 108 Million in Series D round

Country Delight, a direct-to-consumer (D2C) food essentials brand has raised USD 108 Million in a Series D round taking its valuation to USD 615 Million. The round was led by new investors Venturi Partners and Temasek with participation from SWC Global and Trifecta Capital
26/05/2022

Blockchain-based STAN bags funding from General Catalyst, Better Capital, others

Blockchian-based esports fan engagement startup STAN has secured seed funding of USD 2.5 Million led by General Catalyst. The round also saw participation from Better Capital and Eximius Ventures, along with angel investors including Aadil Mamujee from Opensea and Nakul Gupta from Coinbase, among others.
26/05/2022

ABB’s e-mobility wing buys controlling stake in EV-focused firm Numocity

Global tech firm ABB Group’s electric mobility arm has acquired a controlling stake in Bengaluru-based electric vehicular infra company Numocity Technologies for an undisclosed amount. This is the first acquisition by a global company in the Indian EV space
26/05/2022

Dallas Venture Capital raises separate India fund of USD 50 Million

US-based venture capital (VC) firm Dallas Venture Capital is raising a separate fund in India of USD 50 Million from local investors even as it closed its main fund in the US. DVC US Fund II plans to invest alongside its India fund in business-to-business SaaS startups over the next […]
26/05/2022

WSO2 raises USD 93 Million in round led by Info Edge arm, existing investor Goldman Sachs

Digital transformation technology provider WSO2 has marked final closure of its Series E funding of USD 93 Million led by Info Edge’s arm RedStart Labs and Goldman Sachs. WSO2 plans to use the fresh proceeds to expand its business footprint across India.
26/05/2022

India Discovery Fund, Mumbai Angels, others back edtech firm SpeEdLabs

Artificial intelligence-based ed-tech platform SpeEdLabs has raised a pre-Series round of USD 2.5 Million led by 35 North Venture – India Discovery Fund. The round also saw participation from Mumbai Angels, LetsVenture, Ecosystem Ventures, Ah Ventures, SucSeed Ventures, and a few family offices.
25/05/2022

Edtech startup Jovian raises capital from Y Combinator, others

Data science and machine learning-focused ed-tech startup Jovian has raised INR 12 Cr in its seed funding round led by Multiply Ventures and also saw participation from Y Combinator, Better Capital and angel investors such as Kunal Shah, Phanindra Sama, Aprameya Radhakrishna, Anand Madhavan, among others
25/05/2022

BluSmart concludes Series A with corpus of USD 50 Million after current round

Electric taxi-hailing platform BluSmart has raised USD 25 Million in an extended Series A1 round in mix of equity and debt. With this extended round of funding Company has closed its Series A funding at USD 50.7 Million
25/05/2022

GIC to invest up to INR 2,195 Cr in Aditya Birla’s fashion arm for 7.5% stake

Fashion retailer Aditya Birla Fashion and Retail announced that they are raising up to INR 2,195 Cr from an affiliate of GIC, Singapore’s sovereign wealth fund. GIC will invest INR 770 Cr towards subscription of equity and warrants followed by up to INR 1,425 Cr in one or more tranches […]
25/05/2022

ShopSe snags USD 6 Million from BeeNext, Chiratae, White Venture

Fintech platform ShopSe has raised Series A funding of USD 6.1 Million from BeeNext, Chiratae Ventures and White Venture Capital. The startup plans to deploy the fresh capital towards adding 150,000 more retailers to its portfolio this year.
25/05/2022

Agritech firm Krishi Network buys Better Capital-backed Rocket Skills

Agritech startup Krishi Network has acquired agriculture-focused edtech platform Rocket Skills for an undisclosed amount. With this acquisition, Krishi Network plans to boost its operations and expand its ground presence with farmers. The firm is also planning to gradually rebrand Rocket Skills as Krishi Safal and roll out another agri-focused […]
25/05/2022

SoftBank Vision Fund 2 leads Series B funding of USD 150 Million in Firework

Firework, a livestreaming commerce and digital transformation platform has raised USD 150 Million in Series B funding round led by SoftBank Vision Fund 2. This investment will trigger accelerated growth across markets and particularly India
25/05/2022

Matrix Parners, Accel bet on MSME fintech startup NAKAD

NAKAD, a supply chain fintech for Indian MSMEs, has raised USD 7 Million in a seed funding round, co-led by Matrix Partners India and Accel. Early-stage VC fund AdvantEdge Founders also participated in this round. The company will deploy the funds to increase hiring and scale operations within India.
24/05/2022

1K Kirana Raises USD 25 Million To Connect Consumers With Grocery Stores

Online platform for Kirana stores 1K Kirana has raised USD 25 Million in a Series B funding round at a post-money valuation of USD 115 Million co-led by Alpha Wave Ventures, Info Edge Ventures, Kae Capital and also saw participation from Angel investors including Amrit Acharya, Srinath Ramakkrushnan, Rahul Sharma […]
24/05/2022

Marico Expands Footprint In Healthy Foods Segment, Picks Up 54% Stake In D2C Brand True Elements

Consumer goods company Marico has picked up a 53.98% stake in HW Wellness Solutions, the parent company of omnichannel healthy snacks startup True Elements, for an undisclosed amount. As part of the deal True Elements’ existing leadership will continue to run the brand independently.
24/05/2022

Visa Looking To Invest In Fintech Startups For B2B Payments

Visa, the credit cards major is exploring partnerships with fintech startups for B2B payments to shore up its corporate card-based solutions. These services will include payments to suppliers, reconciliations and GST-based payments.
24/05/2022

Global PE player Actis buys Hyderabad-based real estate firm Rx Propellant

Global private equity investor Actis has acquired Hyderabad-based real estate platform, Rx Propellant for an undisclosed amount. Rx Propellant is a leading player in the life sciences real estate sector and is currently involved in development and marketing of a number of real estate projects in design-development stage across Hyderabad […]
24/05/2022

NextBillion.ai secures USD 21 Million in Series B funding led by Mirae, existing investors

NextBillion.ai, which operates an artificial intelligence (AI)-based enterprise platform focused on hyperlocal solutions has raised USD 21 Million in its Series B funding round led by Mirae Asset Capital. Company will use the fresh capital to boost operations globally and expand in North American and Europen markets
24/05/2022

Chiratae, JITO, others back self-driving vehicle startup Minus Zero

Self-driving vehicle platform Minus Zero Robots has raised seed funding of USD 1.7 Million led by Chiratae Ventures and also saw participation from JITO Angel Network, a few angel investors, auto industry professionals, and senior executives from Silicon Valley-based firms Nvidia and Lyft.
24/05/2022

Baby products firm SuperBottoms snags USD 3 Million from Venture Catalysts, Saama Capital, others

Reusable diaper brand SuperBottoms has raised USD 3 Million from Saama Capital, DSG Consumer Partners and Venture Catalysts. SuperBottoms plans to use the fresh proceeds to onboard people at senior levels and expand the platform’s consumer footprint
24/05/2022

eBikeGo marks final close of pre-Series A round at USD 5 Million

Electric two-wheeler mobility platform eBikeGo has marked the final close of its pre-Series A funding round at USD 5 Million from Kuwaiti investor Sivaram Juvva, Omani investor Ivor Braganza along with other high net worth individuals from the industry.
24/05/2022

Investcorp to invest USD 400 Million Indian schooling infra

Investcorp now has plans to deploy USD 400 Million over four years on Indian school infrastructure and warehousing, as it seeks to expand investments in the South Asian nation
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