21/04/2022

Ola, is acquiring neobank Avail Finance for USD 49.6 Million

In a resolution passed by ANI Technologies, its board approved an investment of USD 49.6 Million in Goddard Technical Solutions, which operates Avail Finance. Ola owned 9% shares in Avail Finance and will now be acquiring the remaining 88.8% stake in the startup.
21/04/2022

Enterprisetech Unicorn Gupshup Continues Acquisition Spree; Buys AI Startup AskSid To Strengthen Product Offerings

Enterprisetech unicorn Gupshup has acquired a 100% stake in conversational AI provider AskSid in an all-cash deal.
21/04/2022

Cold Chain Startup Celcius Raises USD 4.5 Million To Help Small-Scale Regional Transporters Across India

Mumbai-based cold chain startup Celcius has raised USD 4.5 Million as a part of a Series A funding round led by Mumbai Angels. It aims to close the Series A round at USD 10 Million in the coming months. The round saw participation from investors such as Mumbai Angels, Supply […]
21/04/2022

BookMyShow Acquires Majority Stake In Media & Entertainment Startup TribeVibe

Online ticketing platform BookMyShow has acquired a majority stake in TribeVibe, which provides a one-stop solution for college events, for an undisclosed amount.
21/04/2022

Nat Habit Bags USD 4 Million Funding In Series A Round To Fuel Offline Expansion

Personal care brand Nat Habit has raised USD 4 Million in its Series A funding round led by Fireside Ventures with participation from existing investors. The capital infusion will also see Dipanjan Basu, partner at Fireside Ventures, joining the board of Nat Habit. As part of the deal, many of […]
21/04/2022

Sequoia, Accel, others invest USD 10 Million in influencer-focused platform Rigi.Club

Rigi.Club has secured Series A funding of $10 million (around Rs 76 crore) led by Accel India, Sequoia Capital India and Stellaris Venture Partners. The round also saw participation from a clutch of angel investors including Nitish Mittersain (CEO, Nazara), Apaksh Gupta (CEO, OneImpression), Anupam Mittal (Founder, Shaadi.com) and comedian […]
21/04/2022

Chiratae-backed Vayana Network snags USD 15 Million from IFC, PayU

Digital trade financing network Vayana Network Services Pvt Ltd has raised USD 15 million as part of its Series C funding from International Finance Corporation (IFC) and PayU.
21/04/2022

Toch.ai rebrands itself as VideoVerse as it secures USD 46.8 Million in Series B round

VideoVerse raised Series B funding of USD 46.8 million led by A91 Partners, Alpha Wave Global and Flipkart Founder Binny Bansal. The round also saw participation from Stride Ventures, Innoven Capital and Pacific Western Bank among others, the platform run by Multistream Technologies Pvt Ltd.
21/04/2022

Eruditus founder bets USD 32 Million on Innoven Capital India Fund

Ashwin Damera, Founder and Chief Executive Officer of edtech unicorn Eruditus, has invested INR 240 crore in one of Asia’s leading venture debt and specialty finance platforms InnoVen Capital India Fund.
21/04/2022

SaaS firm Everstage pockets USD 13 Million from Elevation Capital, 3one4 Capital

Sales commissions management platform Everstage has racked up Series A funding of USD 13 million from Elevation Capital and existing investor 3one4 Capital.
21/04/2022

Pantomath announces 1st close of pre-IPO fund, targets INR 500 crore

Pantomath Group announced the first closing of its pre-initial public offering (IPO) focused fund with a target of raising INR 500 crore including a green shoe option of INR 250 Cr. The ‘India Inflection Opportunity Fund’ is a category-II alternate investment fund that aims to invest in diverse pre-IPO opportunities […]
20/04/2022

Mokens League raises USD 2 Million in seed funding, launches its in-game token

NFT-based eSports platform Mokens League has raised USD 2 million from its seed funding round. The company will utilize the proceeds to finish the development cycle of the game as well as installing and maintaining game servers worldwide to provide a latency-free gaming experience.
20/04/2022

Flipkart Acquires D2C SaaS Startup ANS Commerce To Provide Tech Enablement To Brands & Sellers

Walmart-owned ecommerce marketplace Flipkart has acquired a direct-to-consumer (D2C) software-as-a-service (SaaS) startup ANS Commerce for an undisclosed amount.
20/04/2022

Agritech Startup Eeki Foods Raises USD 6.5 Million In Series A Funding

Agritech startup Eeki Foods has raised Series A funding of USD 6.5 Million led by General Catalyst (GC) with participation from Avaana Capital and Better Capital. A few other angel investors such as Irving Fain, CEO and founder of Bowery Farming; Subbu Palaniappan, director and head of Amazon Prime India; […]
20/04/2022

Bollywood Actress Anushka Sharma Invests In D2C Snack Brand Slurrp Farm

Children-focussed snack brand, Slurrp Farm has recently raised an undisclosed investment from Anushka Sharma. Anushka Sharma will join Slurrp Farm’s parent company, Wholsum Food as a brand ambassador.
20/04/2022

Nazara’s Subsidiary NODWIN Gaming Acquires 35% Stake In Gaming Accessories Brand Wings

Gaming and sports company Nazara Technologies has acquired a 35% stake, valued at INR 10.01 Cr, in gaming accessories brand Wings.
20/04/2022

BlackSoil writes USD 1.5 Million cheque to jobs platform WorkIndia

Eloquent Info Solutions Pvt Ltd has secured USD 1.5 million funding from venture debt firm BlackSoil. The Bengaluru-based startup plans to use the fresh proceeds to expand its product footprint across India and ramp up its fraud detection technology.
20/04/2022

IndiaMART invests more capital in Truckhall via convertible debentures

IndiaMART Intermesh Ltd, one of India’s largest business-to-business (B2B) marketplaces has invested another INR 7.5 crore in Truckhall in which the company already holds over 25% stake, through convertible debentures.
20/04/2022

Elevation Capital leads USD 10 Million Series B round in audio OTT firm Headfone

Headfone has raised USD 10 million in a Series B funding round led by early-stage venture capital firm Elevation Capital.
20/04/2022

Recur Technologies pockets USD 30 Million from InfoEdge, Incred, others

Recur Technologies PTE, a financing platform has raised USD 30 million in a mix of equity and debt led by InfoEdge Ventures and Village Global, with participation from Aditya Birla Finance Ltd and Incred Financial Services. The round also saw participation from Titan Capital, Kotak Investment’s MD S. Srinivasan, AZB […]
20/04/2022

Elevation Capital-backed insurtech platform Loop Health raises USD 25 Million

Healthcare and insurance technology platform, Loop Health has raised USD 25 million in its Series B funding round co-led by General Catalyst and Elevation Capital (formerly Saif Partners). The round also saw participation from leading Silicon Valley investors, Vinod Khosla and Khosla Ventures, along with a new investor, Optum Ventures.
20/04/2022

Y-Combinator-backed SaveIN raises USD 4 Million from Nordstar, Kube VC, others

Credit-focused fintech platform SaveIN has secured seed funding of USD 4 million from Y-Combinator, 10X Group, Leonis VC, Goodwater Capital, Nordstar, Rebel Fund, Pioneer Fund, Soma Capital and SCM Advisors. The round also saw participation from Oliver Jung, Grant Park Ventures, Leblon Capital, Almagro GmbH, MyAsiaVC, Kube VC, Spenmo Founder […]
20/04/2022

KuCoin-backed firms launch USD 100 Million fund for early-stage NFT projects

KuCoin Ventures and its NFT marketplace, Windvane, have launching a USD 100 million “creators fund”. The fund will support and incubate early-stage non-fungible token (NFT) projects, covering fields such as arts, sports, PFPs, Asian culture, celebrities, GameFi, etc.
19/04/2022

CoinDCX raises USD 135 Million in funding as valuation doubles to USD 2.15 Billion

Crypto trading exchange CoinDCX has raised USD 135.9 million from investors led by Pantera Capital and Steadview Capital, doubling its valuation to USD 2.15 billion in less than a year to become the most valued crypto trading platform in India.
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