01/11/2022

YCombinator-Backed Decentro Raises Funding From Rapyd Ventures, Others

Fintech startup Decentro has raised USD 4.7 Million in its Series A funding round led by Rapyd Ventures along with Leonis VC and Uncorrelated Ventures. Further, angel investors Kunal Shah from CRED, Lalit Keshre from Groww, Beerud Sheth from Gupshup and Pratekk Agarwaal from BharatPe also participated in the funding […]
01/11/2022

Colours Maker Roha Dyechem Acquires VC-Backed Saraf Foods

Roha Dyechem, a manufacturer of synthetic and natural colors has acquired Saraf Foods Ltd, a freeze-dried agricultural product company, for an undisclosed amount. The transaction provided an exit to promoter Suresh Saraf and his family, and the company’s existing financial investors
01/11/2022

Mocero has raised seed funding of INR 1.3 Cr led by Inflection Point Ventures.

Healthtech startup Mocero has raised seed funding of INR 1.3 Cr led by angel investing firm Inflection Point Ventures. The funds will be utilized by Mocero to develop its product portfolio and boosting sales channel.
01/11/2022

The Meat Chop has raised INR 7 Cr from a clutch of investors in a seed round.

Chennai-based meat retail chain The Meat Chop has raised INR 7 Cr from a clutch of investors in a seed round. The fundraise saw participation from Mohan K (Co-founder at IppoPay), Ankur Agarwal (Co-founder at Dunzo), Rahul Mahipal (founder at Capitar Ventures) and others, with global investors.
01/11/2022

Optiwise.ai raises USD 1.3 Million from StartupXseed Ventures

Artificial intelligence-backed digital marketing startup Optiwise has secured USD 1.3 Million in a seed funding round led by venture capital firm StartupXseed Ventures. The firm will deploy the fresh proceeds to further invest in product, scale up the team and expand its footprint from North America to other e-commerce regions […]
01/11/2022

SphitiCap Makes Second Investment From Maiden Fund

Early-stage venture capital fund SphitiCap, invested USD 11.5 Million in fintech startup PayVeda. Founded in 2019, Payveda is aimed at bridging the gap in financial inclusion in India’s underserved markets.
31/10/2022

SaaS Firm Serosoft Rakes In INR 30 Cr From SIDBI Venture Capital

Educational software and solutions company Serosoft Solutions has raised INR 30 Cr in Series A funding from investment management firm SIDBI Venture Capital Limited. It plans to use the fresh funds to accelerate global growth across key markets in North America, Europe and Australia, build new features into the product […]
31/10/2022

Climate-Focused Neev II Fund Invests In Hygenco

Neev II Fund has invested an undisclosed amount of investment in Hygenco Green Energies which develops and deploys green hydrogen green ammonia-powered production solutions. While the fund kept the amount undisclosed, Hygenco received funding of INR 210 Cr as per the British government’s official website.
28/10/2022

boAt Raises INR 500 Cr From Warburg, Malabar; IPO Plans Delayed

D2C electronics brand boAt has raised INR 500 Cr from an existing shareholder, an affiliate of Warburg Pincus and new investor Malabar Investments. The D2C electronics brand will also invest in its R&D and design capabilities and support the local manufacturing ecosystem
28/10/2022

Dr Lal PathLabs-Backer Jashvik Capital Announces First Close Of USD 350 Million Maiden Fund

Mumbai-based Jashvik Capital has marked the first close of its maiden USD 350 Million fund. The fund would be a mix of domestic and offshore funds, with plans to write USD 10–30 Million worth of minority investment cheques for nearly 20 growth stage healthcare and consumption-linked startups
28/10/2022

Fintech Startup Kinara Capital Closes USD 24 Million Equity Funding Round

Fintech startup Kinara Capital has closed a USD 24 Million equity funding round led by UK-based development finance institution British International Investment. Existing investors Nuveen and Triple Jump’s AMP fund also participated in the funding round.
28/10/2022

Jubilant Bhartia Group Picks Up Minority Stake In Keventers

Milkshake and ice-cream brand Keventers, operated by Super Milk Products Private Limited (SMPPL) announced an equity investment from Jubilant Bhartia Group for an undisclosed amount. Jubilant Bhartia Group has now become a minority partner in SMPPL.
28/10/2022

SaaS Firm Serosoft Rakes In INR 30 Cr From SIDBI Venture Capital

Educational software and solutions company Serosoft Solutions has raised INR 30 Cr in Series A funding from investment management firm SIDBI Venture Capital Limited. It plans to use the fresh funds to accelerate global growth across key markets in North America, Europe and Australia, build new features into the product […]
27/10/2022

SAP-Backed SaaS Unicorn Icertis Raises USD 75 Million Funding

SaaS unicorn Icertis has secured USD 75 Million through debt financing funding round. The development comes ten months after Icertis secured an undisclosed amount of funding from SaaS giant SAP. Set up in 2009 by Monish Darda and Samir Bodas, Icertis is a cloud-based SaaS startup that offers enterprise contract […]
27/10/2022

Chip Startup SiMa Snags USD 37 Million From MSD, Amplify Partners, Others

Artificial intelligence-backed chip startup SiMa.ai has secured USD 37 Million in an extended Series B1 round led by MSD Partners, an investment firm backed by Dell Technologies’ founder and CEO Michael Dell. The round also saw participation from existing partners including, Amplify Partners, Fidelity Management and Research Company, Dell Technologies […]
27/10/2022

Insight Partners, Leo Capital, Others Write USD 12 Million Cheque To Devtron

Devtron Inc, an open-source internal DevOps platform democratizing Kubernetes adoption, has raised USD 12 Million led by Insight Partners with participation from Leo Capital and undisclosed angel investors. The company will use the fresh funds to scale its team, drive adoption of its platform and expand into new markets.
27/10/2022

Cybersecurity Firm BluSapphire Pockets USD 9.2 Million In Baring PE-Led Round

BluSapphire Technologies Pvt Ltd, which operates cybersecurity startup BluSapphire, has raised USD 9.2 Million as a part of its Series A funding led by Baring Private Equity India. The round also saw participation from Dallas Venture Capital, Binny Bansal-backed xto10x, RPG Ventures and Merisis Venture Partners.
27/10/2022

Northern Arc Secures USD 50 Million From Dutch FMO

Private equity-backed debt financier Northern Arc Capital Ltd has raised USD 50 Million through non-convertible debentures (NCDs) from Dutch entrepreneurial development bank FMO. The fintech lender will deploy half of its proceeds to serve MSMEs (micro, small and medium enterprises) and women entrepreneurs.
27/10/2022

Udaan Raises USD 120 Million From Existing Investors; Aims To Go Public In 12-18 Months

Business-to-business marketplace Udaan has raised USD 120 Million in convertible notes and debt, led by existing shareholders and bondholders. Also the company aims for a public market listing over the next 12-18 month
27/10/2022

GoFloaters, has raised seed funding led by Canada-based Loyal VC

SMBSure Business Solutions Pvt Ltd, which operates the office space discovery platform GoFloaters, has raised an undisclosed amount in seed funding led by Canada-based Loyal VC. The Chennai-based firm will use the fresh funds to expand and boost its unified hybrid workplace solution, WorqFlexi.
27/10/2022

Himshakti has secured around INR 17 Lakhs in a pre-seed funding round led by Artha Access program

Fast-moving consumer goods brand Himshakti has secured around INR 17 Lakhs in a pre-seed funding round led by Artha Access program and IIM Kashipur and also saw participation from angel investors Anand Kumar of Pier Counsel and Varun Agrawal of StarClinch. Himshakti looks to deploy the capital to bolster its […]
21/10/2022

Personal Hygiene Brand Soothe Healthcare Raises INR 175 Cr From DFC, Existing Investors

Personal hygiene D2C brand Soothe Healthcare has raised INR 175 Cr as part of a strategic funding round from the US International Development Finance Corporation (DFC) and other existing investors. The startup will use the funding to grow distribution channels and deepen reach across Tier-II and Tier-III markets
21/10/2022

Agritech Startup DeHaat Raises USD 46 Million In Funding Round Led By Sofina Ventures

Gurugram-based agritech startup DeHaat has raised USD 46 Million in a fresh funding round led by Sofina Ventures. RTP Global Partners, Prosus, and Lightrock India also participated in the round. Sofina Ventures’ stake in the startup will increase to 11.73% post this funding round
21/10/2022

SaaS Startup Goldsetu Closes Seed Round; Makes Maiden Bet In B2B Jewellery Space

Goldsetu, a software-as-a-service platform for jewelry retailers, has closed its ongoing seed funding round at USD 2.3 Million. The startup raised $1.1 million (around Rs 9 crore) in the latest tranche led by 2am VC, Broom Ventures and Magic Fund. Individual investors including Razorpay’s Harshil Mathur, Mamaearth’s Varun Alagh, Akshay […]
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