01/03/2023

ValPro in the News: Business Today coverage on the movement in Adani Gas share price

The stock of ATGL after hitting consecutive lower circuits for many sessions, saw a reversal for the first time in trading on March 1, 2023. This trend when seen in the context of volumes transacted seems to indicate that much of the selling pressure on the stock which was precipitated […]
01/03/2023

Nexus Venture Closes New Fund At USD 700 Million, SaaS, AI Startups On The Cards

Venture capital firm Nexus Venture Partners has announced the closure of its Nexus Ventures VII fund at USD 700 Million. The VC firm will use the new fund to back AI, SaaS, fintech, and commerce startups in India and the US.
01/03/2023

Jarsh Safety has raised USD 363,207 in a pre-seed funding

Internet of things (IoT)-based industrial safety startup Jarsh Safety has raised USD 363,207 in a pre-seed funding round led by Mumbai Angels. The round also saw participation from a clutch of undisclosed angel investors. The Hyderabad-based startup will use the fresh funds for its sales and marketing outreach and product […]
01/03/2023

Elevate Now has raised an undisclosed sum as part of its pre-seed funding round

Enlight Now Healthcare Pvt Ltd, which operates medical weight loss platform Elevate Now, has raised an undisclosed sum as part of its pre-seed funding round from healthcare-focused venture capital firm W Health Ventures. The New Delhi-based company will use the fresh capital for expansion across India and to set up […]
01/03/2023

EaseMyAI has raised funding of USD 218,067 in a seed funding round

Process automation-based artificial intelligence startup EaseMyAI has secured USD 218,067 in a seed funding round from Inflection Point Ventures. The Mumbai-based company will deploy the fresh proceeds to expand its services across geographies.
28/02/2023

SBI-Backed Cashfree Acquires Zecpe For USD 10 Million To Enhance D2C Checkout Capabilities

Marking its second acquisition, payments solutions firm Cashfree has acquired one-click checkout company Zecpe for an undisclosed amount. As part of the deal, the founder of Zecpe, Hriday Agarwal, will join the Cashfree Payments team as the head of ecommerce checkout
28/02/2023

Perfora, Barton Breeze, O’2 Nails Raise Early-Stage Cheques

Direct-to-consumer oral care startup Perfora has secured USD 2.5 Million in a Series A funding round led by RPSG Capital Ventures and also saw participation from existing investors such as Sauce.vc, Lotus Herbals family office, Sara International family office and Huddle, among others.
27/02/2023

Grayscale Ventures Made The First Closure Of USD 20 Million Fund

Singapore-based Grayscale Ventures has made the first closure at USD 10 Million of its USD 20 Million micro-fund. The fund targets AI, vertical SaaS and DevInfra-based (development infrastructure) startups. The micro-fund will invest between USD 200 K and USD 1 Million in 15-20 pre-seed startups in a period of four […]
27/02/2023

IIT Madras To Set Up INR 100 Cr ‘Innovation and Entrepreneurship Fund’ For Startups

The Indian Institute of Technology Madras (IIT-M) will create an INR 100 Cr Innovation and Entrepreneurship fund to support students and faculty’s efforts to set up startups. IIT-M is looking to elevate the rank of at least five Centers of Excellence (CoE) to the top three in the globe, in […]
24/02/2023

Turtlemint’s Turtlefin Acquires Insurtech SaaS Startup Last Decimal

Turtlemint’s B2B vertical Turtlefin has acquired insurtech SaaS startup Last Decimal for an undisclosed amount. The acquisition will help Turtlefin expand its bancassurance business with the addition of Last Decimal’s existing customers.
23/02/2023

D2C platform Blingg has secured pre-seed funding of USD 100,000

Direct-to-consumer (D2C) platform Blingg has secured pre-seed funding of USD 100,000 led by Decentralized VC, with participation from Pavan Kumar (3PM Ventures) and others. The company will deploy the fresh proceeds for product development.
23/02/2023

Ex-Nazara CEO’s New Web3 Gaming Startup Gets USD 150 Million Tag In Seed Round

Kratos Studios which will operate under the IndiGG has raised USD 20 Million. The seed round was led by Accel and included Prosus Ventures, Courtside Ventures, Nexus Venture Partners, Nazara, and Jet Ventures. The company is founded by former Nazara Technologies CEO Manish Agarwal and web3 investor Ishank Gupta.
23/02/2023

Tata 1mg-Backed 5C Network Strikes First Acquisition With Healthtech Firm

Digital diagnostics platform 5C Network has made its first acquisition by buying California-based healthtech company Krayen for an undisclosed amount. The merged entity aims to provide accurate diagnostic solutions to healthcare providers and patients.
23/02/2023

Early-Stage Startups DawnTown Raise Capital

Online sneaker resale platform DawnTown has raised seed funding of USD 500,000 from Netsurf Communications’ Sujit Jain and actor Sanjay Dutt. The Mumbai-based firm will use the fresh funds to foray into physical retail market and scaling up its online footprint.
23/02/2023

Mindgrove Snags Seed Cheque From Sequoia, Speciale Invest, Others

Deeptech startup Mindgrove Technologies has secured seed funding of USD 2.325 Million led by Sequoia Capital India. The round also saw participation from Speciale Invest and Whiteboard Capital, with angel investors Ashwini Asokan (Mad Street Den) and Nischay Goel (Duro Capital). The Chennai-based startup plans to use the fresh capital […]
22/02/2023

SaaS Startup TreZix Raises Funding To Help Importers, Exporters Digitise Operations

SaaS startup TreZix, which helps digitise export and import processes, has secured USD 1.2 Million in seed funding from Soha Ventures and angel investors. The funding also includes grants from the Government of Gujarat. The SaaS startup plans to utilise the fund proceeds for branding activities, product development and market […]
22/02/2023

FreshToHome Raises Series D Funding, Led By Amazon Smbhav

Direct-to-consumer meat delivery brand FreshToHome has closed USD 104 Million in a Series D round led by Amazon Smbhav Venture Fund. The round also saw participation from existing investors Iron Pillar, Investcorp, Investment Corporation of Dubai, Ascent Capital, and others, who have also participated in this round. New investors like […]
22/02/2023

Accel, Square Peg, Others Back SaaS Firm Chronicle

ChronicleHQ Inc, which operates software-as-a-service (SaaS) presentation platform Chronicle has raised USD 7.5 Million in a seed funding round co-led by Accel and Square Peg. The round also saw participation from undisclosed angel investors across Apple, Google, Meta, Slack, Stripe, Superhuman, OnDeck, and Adobe, among others. The company plans to […]
22/02/2023

IAN, Inflection Point Ventures Write Pre-Seed Cheque To Crest

Software-as-a-service (SaaS) firm Crest has raised pre-seed funding of USD 800,000 co-led by Indian Angel Network and Inflection Point Ventures. The round also saw participation from Faad network and a host of angel investors including Sahil Barua and Kapil Bharati (Delhivery), Saahil Goel, Gautam Kapoor, Vishesh Khurana and Akshay Ghulati […]
21/02/2023

Saudi mobility startup Telgani raises USD 6 Million in Series A funding

Telgani, a mobility startup based out of Saudi Arabia, has raised USD 6 Million in Series A funding led by Hala Auto and Elm Company. The funding will be used to expand the startup’s short-term car rental services across Saudi Arabia. It also aims to increase and offer more tech […]
21/02/2023

Digital twin startup Intangles raises USD 10 Million in Series A round

Digital Twin solutions provider Intangles has raised USD 10 Million in a Series A round from Baring Equity Partners India. The startup will use the proceeds to serve a new customer pipeline, expand its global presence, and accelerate hiring to strengthen its product engineering, sales, and delivery teams.
21/02/2023

Lightspeed India-Backed Scrut Automation Bags USD 7.5 Million Funding From MassMutual

Governance, risk, and compliance (GRC)-focused SaaS startup Scrut Automation has raised USD 7.5 Million in a strategic funding round. The round was led by MassMutual Investors. Endiya Partners and Lightspeed India Ventures are existing backers in the funding round. The SaaS startup plans to use the incoming capital for developing […]
21/02/2023

Edtech Startup NxtWave Raises USD 33 Miliion To Offer Industrial Training Programs

Upskilling edtech startup NxtWave has raised USD 33 Miliion in a fresh funding round led by Greater Pacific Capital (GPC). Existing venture investor Orios Venture Partners also participated in the funding round. NxtWave plans to utilise the fund proceeds for product and content development, hire talent, and onboard more than […]
21/02/2023

Mintoak Raises USD 20 Million In Series A Round

Fintech startup Mintoak Innovations Pvt. Ltd has raised USD 20 Million in a Series A funding round, led by PayPal Ventures. The round also saw participation from British International Investment, White Whale Venture Fund and existing investors HDFC Bank and Pravega Ventures. The Mumbai-based company plans on utilising the funding […]
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