BankBazaar raises INR 45 crore in ongoing funding round led by WSV

A&A Dukaan Financial Services, which owns and operates online financial services marketplace BankBazaar, has received INR 45 crore in fresh financing as part of its ongoing Series D round. The latest capital infusion has been led by WSV-a joint venture fund of Walden International and Korean company SKTA-with BankBazaar’s existing […]

Cube Wealth raises mid-series funding, launches SaaS solution for fund managers

Technology-based investment startup Cube Wealth has raised mid-series funding of USD 500,000, led by founder Satyen Kothari, along with existing investors Singapore-based venture fund Beenext and Japan-based Asuka Holding participating in the round.  

Munich Re may lead USD 70 million round in Acko

Munich Re Ventures, the strategic corporate venture capital arm of Munich Reinsurance, is in the final stages of leading a USD 60-70 million financing round in Acko Technology. Other existing investors, such as Amazon, former SoftBank executive Kabir Misra’s RPS Ventures and Intact Ventures, will likely participate in the ongoing […]

VC firm Antler hires Urban Ladder co-founder Rajiv Srivatsa for India entry

Singapore-based venture capital firm Antler is starting its India operations and has appointed Urban Ladder co-founder Rajiv Srivatsa to lead its local operations. Antler plans to bet on as many as 40 companies in India through a country-focused fund within a year.  

DSG Consumer backs nutraceuticals products brand Nutrova

Axys Nutrition Products, which makes nutrition and nutraceutical products under the brand name Nutrova, has raised an undisclosed  funding from consumer-focused venture capital firm DSG Consumer Partners.  

Children-focused health snacks brand Timios raises pre-Series A funding

FirmRoots Pvt. Ltd, which operates the children-focused healthy snacks brand Timios, has raised capital as part of its pre-Series A round of funding. The round has been led by Rangsons Technologies LLP, which is part of the Mysore-based NR Group. Others that participated in the round include Paipal Ventures.  

Ambarish Gupta-founded investment firm Basis Vectors floats USD 50 million fund

Basis Vectors, the software-as-a-service-focussed venture capital and private equity firm, has launched a new fund with a corpus of USD 50 million. The investment exercise has been led by Cianna Capital, with participation from family offices including those of Netcore founder Rajesh Jain, and Tracxn’s Abhishek Goel.  

Intra-city logistics player Blowhorn scores venture debt financing from Trifecta Capital

Catbus Infolabs, which owns and operates asset-light logistics services provider Blowhorn, has raised an undisclosed venture debt financing from Trifecta Capital.  

Swiflearn raises seed capital from Stellaris Venture Partners, Venture Highway, others

Swiflearn has raised a large undisclosed amount in seed round from Stellaris Venture Partners and Venture Highway, with participation from Utsav Somani, Founder of Angel List India.  

IndoStar Capital Finance raises INR 1,225 Crore from Brookfield

Non-banking financial player IndoStar Capital Finance has raised INR 1,225 crore equity capital from Brookfield, an alternative asset manager. The investment by Brookfield in the retail-focused NBFC is a combination of primary investment in equity shares and compulsorily convertible preference shares (CCPS).  

Former Facebook director Anand Chandrasekaran invests in edtech startup EduRev

Former Facebook director and Snapdeal senior executive Anand Chandrasekaran has invested an undisclosed amount in Delhi-based edtech startup EduRev.  

Suryoday Small Finance Bank raises funding from Gaja Capital, others

Suryoday Small Finance Bank Ltd has raised INR 62.14 crore in funding from its existing investors Gaja Capital, Kotak Mahindra Life Company Ltd,  Lok Capital, US-based pension fund Teachers Insurance and Annuity Association of America (TIAA), and LN Bangur Group company Kiran Vyapar Ltd.  

Healthtech startup Remedo raises pre-Series A round

Remedo, a Delhi-based healthtech startup in the telemedicine vertical, has raised an undisclosed amount in its pre-Series A round from River Rock Ventures. Inflection Point Ventures also participated in the round with other investors including AngelList, Mohit Satyanand, Mitesh Daga, and Aditya Vij.  

Toch raises USD 1 Million in pre-Series A round from SOSV, 9 Unicorns Fund

Video meta-tagging platform Toch, has raised over USD 1 million in its latest round of funding, from investors including SOSV and its accelerator, Chinaccelerator, 9 Unicorns Fund, and Inflection Point Ventures.  

Ola Electric Acquires Amsterdam-Based Etergo BV, Plans To Launch Two-Wheeler Globally

Bengaluru-based cab aggregator Ola’s electric mobility unit Ola Electric has acquired Amsterdam-based Etergo BV for an undisclosed amount. Post-acquisition, Etergo’s team will continue to be based out of Amsterdam as they join Ola Electric.  

Ola Financial gets INR 205 crore from Falcon Edge, Matrix Partners

Ola Financial Services has picked up about INR 205 crore from investment fund Falcon Edge and venture firm Matrix Partners as part of its first institutional financing round.  

Euler Motors raises INR 20 crore in fresh funding round

Automotive technology startup Euler Motors, has raised INR 20 crore as part of its ongoing series A funding, led by Inventus Capital. The other investors in the fresh round of funding include Blume Ventures, Singapore-based Jetty Ventures India Investments and Udaan’s co-founder Sujeet Kumar.  

Insure-tech startup GramCover raises pre-Series A funding

GramCover Insurance Brokers, a rural insurance-technology platform, has raised undisclosed amount in its pre- Series A funding round from EMVC, a US-based boutique strategic venture firm focused on early-stage fintech and insure-tech, and Omidyar Network India. Existing investor Omnivore also participated in this funding round.  

Venture debt firm Trifecta bets on logistics marketplace Blowhorn

Catbus Infolabs , which operates the asset-light logistics marketplace Blowhorn, has raised undisclosed funding from venture debt provider Trifecta Capital.  

Varanium NexGen Fund leads investment in fintech startup HomeCapital

HomeCapital, a Mumbai-based fintech startup focussed on accelerating housing among millennials in India, has raised a funding round led by Varanium NexGen Fund. The round also saw participation from Venture Catalysts, JITO Incubation and Innovation Foundation, Singapore Angel Network, Venture Gurukool, and Shalin Shah among other investors.  

Cloud Kitchen Hoi Foods raises USD 2 Million in pre-Series A from a clutch of investors

Gurugram-based Hoi Foods, which operates several cloud kitchens, has raised USD 2 million in a pre-Series A funding round led by 1Crowd as a follow up round, which also saw participation from Sprout, Angelist, and others.  

CoinDCX Raises USD 2.5 Million From Polychain Capital, Coinbase Ventures To Bring Crypto To The Masses

Mumbai-based cryptocurrency exchange aggregator CoinDCX has now bagged USD 2.5 Million strategic investment led by existing investor Polychain Capital. Coinbase Ventures, the investment arm of San Francisco-based cryptocurrency trading platform Coinbase, also participated in the round.  

Pioneering Ventures Acquires Lateral Praxis To Enable Agritech Solutions

Switzerland-based agri-food investment firm Pioneering Ventures, has acquired Mumbai-based agritech company Lateral Praxis. The duo is yet to disclose details of the transaction.  

Info Edge (India) venture fund invests in e-sports platform, telehealth firm

The technology major’s investment vehicle, IE Venture Fund I, will invest about INR 3.5 crore in Fanbuff Esports India and INR 3.70 crore in Intellihealth Solutions. Fanbuff Esports India operates e-sports community engagement platform “Fanclash”, and the Intellihealth Solutions operates telehealth platform “Truemeds”.