06/02/2023

Bike Bazaar Hits Final Close Of Series D At USD 30 Million

WheelsEMI Pvt Ltd, which runs two-wheeler marketplace Bike Bazaar, has marked the final close of its Series D funding round at USD 30 Million. They have raised USD 20.6 Million from Women’s World Banking Asset Management and Lending Partners. The fresh funds will be deployed for geographical expansion as well […]
06/02/2023

Jungle Ventures-Backed BetterPlace Strikes Maiden Overseas Deal

Blue-collar workforce management firm BetterPlace Safety Solutions Pvt. Ltd has bought Indonesia-based company MyRobin, marking its foray into the South East Asia market. However, the startup did not disclose the size of the deal. MyRobin’s acquisition will help BetterPlace to tap the workforce management market in South-East Asia, which it […]
03/02/2023

Classplus Backs Test Prep App Abhinay Maths

Test preparation app Abhinay Maths has raised undisclosed capital from the ed-tech platform Classplus. Founded by Sharma in 2017, Amcp Edutech Pvt Ltd which operates Abhinay Maths focuses on competitive exams such as Staff Selection Commission Combined Graduate Level (SSC-CGL), Bank (Probationary Officer), Railways, and other government exams. Noida-based Abhinay […]
02/02/2023

The Esports Club Secures Funding To Build Sustainable Ecosystem

Bengaluru-based tournament organiser The Esports Club (TEC) has raised USD 3 Million in a Pre-Series A funding round. With the fresh capital, the startup wants to expand its operations to Middle East and Southeast Asia and “build a state-of-the-art esports platform”
02/02/2023

Sequoia, Alteria, Others Invest USD 12 Million In Freightify

Software-as-a-service (SaaS) startup Freightify has secured USD 12 Million in a Series A capital raise led by Sequoia Capital India. The round also saw participation from TMV and Alteria Capital, with existing investors Nordic Eye Venture Capital and Motion Ventures. The fresh funds will be deployed for product development, geographical […]
02/02/2023

Courtside Ventures Announces Third Fund

Early-stage venture capital firm Courtside Ventures has announced its third fund to raise USD 100 Million across the gaming, sports, and lifestyle sectors. With the current fund, Courtside Ventures’ total committed capital amounts to over USD 200 Million in assets under management.
02/02/2023

Mumbai Angels Leads Seed Round In A Toddler Thing

Baby focussed brand A Toddler Thing has raised seed funding of USD 268 K led by early-stage investment firm Mumbai Angels, with Lead Angels and Chennai Angels. The Coimbatore-based firm plans to deploy the fresh proceeds for product development, marketing and geographical expansion.
01/02/2023

Deal announcement: Purple Style Labs, an omnichannel luxury fashion retail platform raises funds via Enablers

Purple Style Lab, the company that runs Pernia’s Pop-Up Shop, the largest multi-retail luxury fashion platform in India, has raised an undisclosed amount from HNIs and Family Offices. ValPro’s startup advisory vertical, Enablers, was the advisor on this transaction.
01/02/2023

ReadyAssist acquires SpeedForce for USD 10 Million

Roadside assistance startup ReadyAssist has acquired multi-brand two-wheeler workshop chain SpeedForce for USD 10 million in a cash-plus stock deal. Vadodara-based SpeedForce is a chain of two-wheeler multi-brand workshops which claims to have set up more than 300 workshops in the last three years. After the acquisition, the firm plans […]
31/01/2023

LenDenClub To Invest In Six Fintech Startups Under Incubator Program

Peer-to-peer (P2P) lending platform, LenDenClub’s corporate venture capital arm has onboarded six fintech firms on its startup incubator, Bharat FinTech Program. The startups, onboarded in the first cohort include Finswealth, FlashPay, P2P Bazaar, FinPlay, Upmarket India and Filit. In the future they are planning many such programs to help FinTechs […]
31/01/2023

Superfood brand Nourish You raises USD 2 Million in seed round

Superfood brand Nourish You has raised USD 2 Million as a part of its seed funding round from a clutch of individual investors including Y Janardhana Rao, Rohit Chennamaneni, Nikhil Kamath, Abhijeet Pai, and Abhinay Bollineni among others. The proceeds will be utilised to double down its investment towards research […]
31/01/2023

Edtech Firm Saarthi Marks Final Close Of Pre-Series A

Ahmedabad-based edtech startup Saarthi Pedagogy has marked the final close of its pre-Series A funding round at USD 3.7 Million by Prestige group’s arm Pinnacle Investments, GVFL Ltd and other high net-worth individuals.The fresh capital will be used for product development, hiring, content creation and in sales expansion.
30/01/2023

IPO-Bound ideaForge Backs Aerospace Startup Nautical Wings

Aerospace startup Nautical Wings has received an undisclosed amount of investment from IPO-bound drone maker ideaForge. Nautical Wings will use the funds to improve its production process and plans to develop its customised rotor blade solutions for the UAV industry.
30/01/2023

Tube Investments Acquires 30% Stake In Cellestial E-Mobility For INR 50.90 Cr

Tube Investments of India’s (TII) arm TI Clean Mobility (TICMPL) has acquired the remaining 30% stake held by founders of electric tractor manufacturer Cellestial E-Mobility for INR 50.90 Cr. In January last year, Tube Investments of India (TII) acquired a 70% stake in Cellestial for INR 161 Cr via a […]
30/01/2023

Bengaluru-based logistics marketplace Vahak has acquired Instalogist, a truck booking app and load marketplace platform for long-haul transportation

Bengaluru-based logistics marketplace Vahak has acquired Instalogist, a truck booking app and load marketplace platform for long-haul transportation. Vahak said it aims to expand its network and accelerate its growth by strengthening its capabilities in serving the Indian road transportation sector through the acquisition. Following the acquisition, Instalogist users will […]
30/01/2023

Bounce Infinity Raises USD 20 Million From Sequoia, Others After Laying Off 3-4% Workforce

Bike rental and EV startup Bounce Infinity has reportedly raised USD 20 Million from existing investors including Sequoia Capital. The proceeds from the round will provide Bounce a cash runway while it continues to be in discussions for a strategic sale or even a larger fundraising round with external investors
30/01/2023

Upskilling Firm Moat School Raises Fresh Funding

Skillphul Business Toys Pvt Ltd, which runs upskilling platform Moat School, has secured an undisclosed capital from online travel agency MakeMyTrip’s director at product management Anurag Verma. The fresh funds will be used towards developing Moat School’s tech stack, product development and geographical expansion.
30/01/2023

Nexus Leads USD 7 Million Series A Round In B2B Firm CapGrid

Business-to-business (B2B) startup CapGrid Solutions Pvt Ltd has raised Series A funding of USD 7 Million led by venture capital fund Nexus Venture Partners. The round also saw participation from existing investors including Axilor Ventures, Anicut Capital and Deepak Jain (Bain & Company). The Gurugram-based firm will use the fresh […]
30/01/2023

Enzene Snags USD 50 Million From Parent, Others

Biotech startup Enzene Biosciences Ltd has secured USD 50 Million in a fresh funding round led by its parent entity Alkem Laboratories Ltd, with participation from Eight Roads Ventures and F-Prime Capital. Enzene will deploy the fresh proceeds to boost its manufacturing capabilities and expand its footprints both in India […]
27/01/2023

Online Scheduling Firm Appointy Acquires AI Healthtech Startup Zyoga

Online scheduling software provider firm Appointy has acquired fitness startup Zyoga for an undisclosed amount. The acquisition will enable Appointy to expand its team and foray into the fitness space. As part of the deal, Zyoga’s founders Amitesh Mishra and Vibhu Tripathi will join Appointy
27/01/2023

Velocity Invests In D2C Fashion Brand D’chica

Direct-to-consumer fashion brand D’chica has raised INR 1.62 Cr from revenue-based financier Velocity. The Delhi based startup will deploy the fresh capital for hiring and marketing. D’chica was founded by Vani Chugh Kabra and Richa Kapila in 2019 with its core products innerwear along with a fashion line of sportswear, […]
25/01/2023

Info Edge Increases Stake In Agritech Startup Gramophone With INR 9 Cr Investment

Delhi NCR-based fund Info Edge has increased its stake in Indore-based agritech startup Gramophone with a fresh round of investment of INR 9.3 Cr. Following this investment, Info Edge will own 32.89% stake in Gramophone on a fully converted and diluted basis
25/01/2023

Studio Sirah Raises Funding From Kalaari Capital For Global Launch Of Its Flagship Game

Bengaluru-based gaming starup Studio Sirah has raised USD 2.6 Million in its pre-series A funding round led by Kalaari Capital and existing investor Lumikai. Studio Sirah will utilise the fresh funds to launch its flagship game ‘Kurukshetra: Ascension’ globally by June 2023.
25/01/2023

Rigi Raises INR 100 Cr Funding From Elevation Capital, MS Dhoni, Others

Rigi, a platform for content creators to monetise their communities has raised INR 100 Cr in a funding round led by venture capital firm Elevation Capital. The round also saw participation from Accel, Stellaris, Sequoia Capital, and angel investors such as Mahendra Singh Dhoni, CRED’s Kunal Shah, among others.
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