17/08/2022

DMI Sparkle Fund Leads USD 4.5 Million Investment Round In Digital Lending Platform Abhi Loans

A regulated non-banking financial company (NBFC) registered with the Reserve Bank of India (RBI) has raised USD 4.5 Million in a mix of debt and equity rounds for its digital lending platform Abhi Loans. The funding round was led by DMI Sparkle Fund. The round also saw participation from other […]
17/08/2022

Nazara-Backed Rusk Media Bags USD 9.5 Million+ To Build UGC-Led Social Gaming Platform

Digital entertainment startup Rusk Media has raised over USD 9.5 Million in its follow-on Series A funding round led by Seoul-based DAOL Investment and Audacity Ventures. Existing investors–InfoEdge Ventures, Mistry Ventures and Survam Partners also participated in the round.
17/08/2022

Hot Sauce Firm Naagin Racks Up Seed Funding

Naagin, a fast-moving consumer goods (FMCG) startup in the hot sauce segment, has secured over USD 1 Million as a part of its seed funding round from actor Abhishek Bachchan, Eight Innovate Fund-I, and high-net-worth individuals. The Mumbai-based firm will deploy the fresh proceeds to expand its online and offline […]
17/08/2022

LC Nueva, Spiral Ventures, Others Back Car Warranty Platform Wisedrive

Bengaluru-based car extended warranty startup Wisedrive Technologies has secured USD 1 Million in a seed funding round led by LC Nueva Investment Partners with participation from Spiral Ventures and Bhavadeep Reddy (Co-founder of HousingMan.com).
17/08/2022

Ratan Tata Backs Social Issue-Focused Startup Helping The Elderly

Mumbai-based startup Goodfellows, which connects the elderly to youngsters willing to assist them as companions, has raised an undisclosed amount of seed funding from Ratan Tata, chairman emeritus of Tata Sons.
17/08/2022

Lightspeed Leads Funding Round In EV Charging Startup Exponent Energy

Electric mobility infrastructure startup Exponent Energy has raised USD 13 Million in a Series A round led by Lightspeed Venture Partners. The existing backers YourNest VC, 3one4 Capital and AdvantEdge VC also participated in the round.
17/08/2022

Stride Ventures Exceeds Second Fund Target, Raises USD 200 Million

Venture debt financing firm Stride Ventures has announced the final close of its second flagship fund to raise USD 200 million exceeding its target corpus. The sector-agnostic fund has debt investments in companies across consumer, fintech, agritech, B2B (business-to-business) commerce, health-tech, B2B SaaS, electric mobility and energy solutions (EV) sectors.
17/08/2022

Yes Bank Invests In Venture Catalysts, Bets On ‘Future Tech Businesses In India’

Private lender Yes Bank has invested an undisclosed sum in Venture Catalysts Group Funds. The lender said that the funds will be used by the venture capital firm to further its aim of supporting the future tech businesses of India and promoting innovation in the technology space.
16/08/2022

Neobank Startup Fi Pockets USD 16.8 Million Funding From Temasek, QCM Holdings

Neobank startup Fi has raised INR 134.1 Cr as part of its Series C funding round from V-Sciences Investment, an entity of Temasek, and existing investor QCM Holdings. Company is currently creating a digital layer over India’s banking ecosystem. It connects with banks thus, helping users to track their money […]
16/08/2022

Info Edge To Pump In INR 300 Cr In Subsidiary SIHL To Explore Investment Opportunities

Noida-based online classifieds company Info Edge on would invest INR 300 Cr in its wholly owned subsidiary Startup Investments (SIHL). SIHL will use the capital to explore other investment opportunities including contributions towards alternative investment funds (AIFs) managed by Info Edge-owned Smartweb Internet Services.
16/08/2022

Razorpay To Pick Up Controlling Stake In Ezetap

Digital payments solutions unicorn, Razorpay has agreed to pick up a controlling stake in Bengaluru-based payment solutions provider, Ezetap Mobile Solutions for USD 126 million in a cash-and-stock deal
16/08/2022

Matrix-Backed OTO Secures Venture Debt From Stride Ventures

OTO, an e-commerce platform and two-wheeler vehicle financier, has raised funding from venture debt firm Stride Ventures. The startup provides financing option for two wheeler buyers that requires customers to pay an upfront amount like any other loan but get up to 30% lower EMIs with an option to retain, […]
12/08/2022

Entrepreneur Nihar Parikh Sets Up USD 75 Million Fund To Back Early & Growth-Stage Healthtech Startups

Veteran entrepreneur Nihar Parikh has launched a USD 75 Million healthcare-focused fund 4Point0 Health Ventures to back Indian startups. 4Point0 Health Ventures will invest between USD 1-2 Million in early and growth-stage startups working in the healthcare segment
12/08/2022

Crypto Startup Carret Raises Funding, Eyes Expansion To Middle East, SEA

Crypto trading platform Carret has raised an undisclosed amount of pre-seed funding from a clutch of investors, including Polygon cofounder Sandeep Nailwal, former BlackRock executive Yan Wu, and Amesten Capital. Carret will use the funding to strengthen its operations and scale up the startup’s product and strategy verticals
12/08/2022

CleverTap To Raise USD 105 Million In Series D

CleverTap, a business-to-business (B2B) software-as-a-service (SaaS) platform for customer engagement and retention, has signed a definitive pact to raise 105 Million in its Series D funding round led by Canadian pension fund Caisse de dépôt et placement du Québec (CDPQ)
12/08/2022

Cactus Venture Partners Raises USD 44 Million In 1st Close Of Debut Fund

Mumbai-based venture capital firm Cactus Venture Partners has raised USD 44 Million in the first close of its maiden fund. The fund will focus on investing primarily in clean tech, health tech, and business-to-business (B2B) Software-as-a-Service (SaaS) companies in India.
10/08/2022

Crypto Investing App CoinSwitch Launches USD 10 Million Fund To Invest In 100 Web3 Startups

Crypto investing app CoinSwitch launched a fund that will invest in and incubate early-stage startups building blockchain solutions for the Web3 landscape
10/08/2022

OYO Acquires Danish Vacation Home Company Bornholmske Feriehuse To Expand Footprint in Europe

Hospitality major OYO announced the acquisition of Danish vacation home company Bornholmske Feriehuse. The acquisition will strengthen OYO’s presence in the region and will enable the company to cater to additional users visiting these vacation homes. The move will also add around 737 vacation homes managed by Bornholmske to OYO’s […]
10/08/2022

Proptech Startup Landeed Bags INR 19.5 Cr For Its Property Title Search Engine

Bengaluru-based proptech startup Landeed has bagged INR 19.5 Cr in Pre-Seed funding round led by Clutterbot CEO Justin Hamilton, CRED’s Kunal Shah, Chris Maurice of Yellow Card and Christian Kaczmarczyk of Third Prime VC. Angel investors Manmohan Chandolu, and nine other Y Combinator alum, among others, also took part in […]
10/08/2022

DPhi raises funds from Switzerland-based investor Selcuk Boydak

DPhi, an artificial community, has raised seed funding of INR 2.4 Cr from entrepreneur Selçuk Boydak. As part of this investment, DPhi will continue its collaboration with the Swiss scale-up companies AI Business School and Global AI Hub to create a unique global AI ecosystem.
10/08/2022

No-Code DevOps platform Humalect raises USD 750K in seed round led by StartupXseed Ventures

Humalect, a no-code platform focused on organization automation, has raised USD 750,000 from early-stage investor StartupXseed Ventures. The fresh funds will be used to build the team efficiently and extend product features.
10/08/2022

Gaming Startup Super4 Raises INR 10 Cr In a Seed Round

Gaming app Super4, operated by Techjeux has raised INR 10 Cr in seed funding from a clutch of undisclosed investors. The startup will use the fresh capital to expand and strengthen its team across multiple verticals and kickstart its venture into the fantasy gaming market.
10/08/2022

Blockchain-Based Gaming Platform Lysto Raises USD 12 Million In Pre-Series A Round

Lysto, a platform that seeks to bring gamers and their credentials on-chain has raised USD 12 Million in its pre-Series A funding round from a clutch of investors including Square Peg, Beenext, Hashed, Tiger Global and Better Capital. The funding round saw participation from angel investors such as Balaji Srinivasan […]
09/08/2022

Orxa Energies Closes Pre-Series A Round To Bring Its Electric Bike Mantis To The Market

Electric motorcycle maker Orxa Energies has closed an undisclosed amount of Pre-Series A funding round from SAR Group’s electric mobility arm Lectrix E-Vehicles. Along with the fundraising deal, Orxa Energies is also getting into a strategic collaboration with Lectrix E-Vehicles.
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