12/10/2022

Tiger Global, Blume, Others Invest In Vecmocon

Deeptech electric vehicle (EV) startup Vecmocon has secured USD 5.2 Million in a pre-Series A funding round from Tiger Global and Blume Ventures, with participation from a host of strategic angel investors. The New Delhi-based platform will use the fresh funds for team building, business expansion, scaling up of operations […]
12/10/2022

Footwear Brand Yoho Raises INR 20 Cr In Series A Funding

Footwear direct-to-consumer brand Yoho has raised INR 20 Cr in a Series A round of funding led by existing investors Softbank Vision Fund’s chief executive Rajeev Mishra, Rukam Capital, and Paytm’s Vijay Shekhar Sharma. Other undisclosed investors also participated in the round.
11/10/2022

MakerDojo.io secured USD 1.5 Million in a pre-seed funding round led by Leo Capital

Blockchain software as a service (SaaS) startup MakerDojo.io secured USD 1.5 Million in a pre-seed funding round led by Leo Capital. MakerDojo.io looks to utilize these funds towards talent acquisition and product innovation aimed at expanding offerings for its blockchain protocols.
11/10/2022

Wishlink raised about USD 3 Million in a seed funding round led by venture capital firm Elevation Capital

Creator-focused commerce startup Wishlink raised about USD 3 Million in a seed funding round led by venture capital firm Elevation Capital. The round also saw participation from several angel investors including Vidit Aatrey and Sanjeev Barnwal from Meesho; Treebo’s Rahul Chaudhary’ Sharechat’s Ankush Sachdeva; Ghazal Alagh from Mamaearth and from […]
11/10/2022

Artha Group Launches INR 450 Cr Micro VC Fund

Mumbai-based Artha Group announced the launch of INR 450 Cr micro venture capital fund. The firm will invest in follow-on rounds of its portfolio startups. The fund will commit up to INR 20 Cr in the Series B round and additional INR 20 Cr in the Series C round in […]
11/10/2022

Hubbler raise about USD 1.5 Million from LenDenClub Alpha, Artha Venture Fund and Unicorn India Ventures in a seed round

Hubbler, a no-code platform offering application development raise about USD 1.5 Million from LenDenClub Alpha, Artha Venture Fund and Unicorn India Ventures in a seed round. The platform plans to deploy these funds to enter new markets globally and increase its user base.
11/10/2022

Healthtech startup Onsurity onboarded former cricketer Anil Kumble as a strategic adviser and investor

Healthtech startup Onsurity onboarded former cricketer Anil Kumble as a strategic adviser and investor. The details of his investment, however, remain undisclosed. Onsurity offers monthly subscription-based employee health benefits options to regular and gig workers in SMEs operating in sports, environment, forest, technology and allied sectors.
11/10/2022

Wildermart raised USD 32,000 in a seed funding round from a bunch of angel investors

Bengaluru-based grocery startup Wildermart raised USD 32,000 in a seed funding round from a bunch of angel investors including Sairee Chahal, Anand Rangaswamy, Sreenivasan Ramki, Sandeep Komaravelly, Anuroop Krishnan, among others. The omnichannel grocery startup plans to utilize these funds to accelerate customer acquisition and retention, brand building, and talent […]
11/10/2022

B2B textile supplier Nona Lifestyle raised USD 1.4 Million from LC Nueva and other HNIs

B2B textile supplier Nona Lifestyle raised USD 1.4 Million from LC Nueva and other HNIs in a pre Series-A funding round. The textile startup looks to use these funds to develop its back-end technology and manage its marketplace platform.
10/10/2022

Online Music Learning Platform Artium Academy Bags Funding From Chiratae Ventures, Others

Online music learning and community platform Artium Academy has raised USD 3 Million in a funding round led by tech-focused venture capital firm Chiratae Ventures. Other early-stage investors like Anicut Capital, Jet Synthesis, and Whiteboard Capital as well as several entrepreneurs also participated in the round
10/10/2022

Bira 91 Acquires Brewery Kamakhya Beer From CDL In A Share Swap Deal

New Delhi-based beer maker Bira 91 has acquired UP-registered brewery company Kamakhya Beer & Bottling Private Limited in a share swap deal. CDL is an Indian liquor manufacturer which owns brands such as Indian No.1 Magnum Whiskey, Red Indian Rum, Palm Beach Whiskey, among others
10/10/2022

Tribe Capital Targets USD 1 Billion Investment In India Over 2 Years

Tribe Capital is planning to deploy up to USD 1 Billion over the next two years. The investor plans to build a focussed portfolio of around 10-15 companies over the next few years, besides making follow-on investments into its existing portfolio.
10/10/2022

Inflexor Ventures, Omnivore Back Agribiotech Startup BioPrime

Agricultural biotechnology startup BioPrime AgriSolutions has secured INR 9 Cr as a part of its pre-Series A funding round led by venture capital firm Inflexor Ventures, with participation from the existing investor Omnivore. The Pune-based firm plans to deploy the fresh proceeds for expansion, ramping up its production capabilities and […]
10/10/2022

Warburg To Acquire Majority Stake In Vistaar, Existing Investors To Exit

Global private equity firm Warburg Pincus has entered into a definitive agreement to acquire a majority stake in non-banking finance company Vistaar Finance Pvt. Ltd, via an affiliate. The acquisition will give an exit to Vistaar Finance’s existing investors WestBridge Capital, Elevar Equity, Omidyar Network India and Saama Capital. The […]
10/10/2022

Adani Group In Talks To Raise USD 10 Billion For Clean Energy, Cement Bets

Billionaire Gautam Adani and his family are in early talks with investors, including Temasek, Singapore’s sovereign wealth fund GIC, and other wealth and private equity funds to raise at least USD 10 Billion to fund the group’s expansion plans in clean energy, ports and cement businesses.
10/10/2022

Motilal Oswal PE Bets USD 28 Million On Footwear Brand Asian Footwears

Motilal Oswal group-backed funds India Business Excellence Fund – IV, managed and advised by MO Alternate Investment Advisors has invested USD 28 Million in New Delhi-based Footwear Brand Asian Footwears. The firm will utilise the capital for the purpose of accelerating branding and promotional activities, boost distribution and supply chain […]
10/10/2022

Video Aggregator Flickstree Snags Series B Funding

Mumbai-based digital video curation startup Flickstree has raised USD 5 Million as a part of its pre-Series B funding round led by Venture Catalysts. The platform plans to deploy the fresh capital for global expansion, with scaling up its product and technology.
10/10/2022

Saama Capital, Twin Ventures Bet On Legal Tech Firm Oddr

Legal tech startup Oddr has raised seed funding of USD 2 Million co-led by Saama Capital and Twin Ventures. The round also saw participation from angel investors from the US, Singapore and Germany.
07/10/2022

HROne Secures Funding To Help Businesses Automate HR Operations

HRtech startup HROne has raised USD 4 Million in a Series A funding round led by Insitor Partners. Prudent Investment Managers has also participated in the funding round. HROne will use the funds to build its tech platform and expand into new as well as existing markets
07/10/2022

RattanIndia Acquires Micromax Cofounder’s EV Startup Revolt Motors

RattanIndia Enterprises, a flagship company of RattanIndia Group has acquired 100% stakes in electric vehicle manufacturer startup Revolt Motors for an undisclosed amount. RattanIndia had earlier acquired 33.84% shares in Revolt along with an option of increasing its shareholdings in the startup
07/10/2022

Tiger Global Targets USD 6 Billion Fund; To Invest In Enterprise Themes & In India

US-based venture capital firm Tiger Global Management is targeting USD 6 Billion for its next venture fund. The 15th vehicle of the Private Investment Partners Fund called PIP Fund 16 will be India focused and will invest largely in enterprise themes
07/10/2022

Shell-Backed Orb Energy Raises USD 20 Million

Shell Plc-backed integrated solar energy solutions provider Orb Energy announced raising about USD 20 Million in a follow-on funding round from the US International Development Finance Corporation (DFC). The company has received the first tranche of the loan, amounting to USD 10 Million.
07/10/2022

ResultsCX Acquires Bulgaria’s 60K To Expand Europe, UK Ops

In a bid to expand its operations in the UK and Europe, customer experience management (CXM) firm ResultsCX announced the acquisition of Bulgaria-based CXM player 60K for an undisclosed amount. The company also opened its European region headquarters in London.
07/10/2022

Citi Ventures, Accel Invest In Digital Asset Manager Xalts

Citi Ventures and venture capital firm Accel announced an investment of USD 6 Million in xalts, an institution-focused digital asset management and technology firm founded by former HSBC and Meta executives. Following this investment, xalts plans to develop fund-based products including mutual funds or exchange-traded funds listed on global exchanges, […]
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