Category: Funding News

·         Based on Environmental, Social, and Governance (ESG) principles ·         Investment in companies with strong ESG practices and scores, reflecting their ability to create sustainable long term value HDFC Life, one of India’s leading life insurers, has launched its Sustainable Equity Fund, currently available with HDFC Life Click 2 Wealth, a unit-linked product. The Company is committed to industry-leading ESG standards that help shape a sustainable future for the communities they serve and create long-term value for all stakeholders. This Sustainable Equity Fund promotes Environmental, Social, … Continue reading “Towards a Greener Future: HDFC Life Launches Sustainable Equity Fund”

Holistic hair care platform Traya has raised $2.2 million in a pre-Series A funding round, led by Fireside Ventures, with participation from existing investors Kae Capital and Whiteboard Capital. Traya has taken upon itself to bring about a change in the hair industry by providing a holistic solution to manage hair loss. The company said it will use the funds to strengthen research and development, build cutting edge technology to personalise the hair growth experience and acquire talent and expand … Continue reading “Healthtech startup Traya raises $2.2 million in pre-Series A funding round, led by Fireside Ventures”

Bengaluru & London among top five cities for VC investment in 2021 – with cities firms raising $25.5B and $18.6 B respectively Bengaluru produces 16 new unicorns during 2021, London 20 Global tech VC investment into startups hit a record level of $675B in 2021, doubling the previous all-time high of $340.6B in 2020. The investments in 2021 were led by the US at $328.8B followed by China at $61.8B and India coming in third with a $44.6B funding into … Continue reading “Global tech VC investment in startups hits record high of $675B in 2021; India ranks 3rd with $44.6B after US & China: report”

TPG, a leading global alternative asset firm, and Fractal (fractal.ai), a global provider of artificial intelligence and advanced analytics solutions to Fortune 500® companies, today announced that they have signed a definitive investment agreement. TPG is investing US$ 360 million (about INR 2700 crores) in Fractal through TPG Capital Asia, the firm’s Asia-focused private equity platform, in a transaction that includes a combination of primary investment and secondary share purchase from Funds advised by Apax, who will remain a major shareholder following the … Continue reading “Fractal announces US$ 360 million investment from TPG”

(Valuation multiplies 2.5X as company approaches profitability) Series D funding, a mix of debt and equity, was carried out by Trifecta Debt Fund, Patni Advisors,  andBessemer Venture Partners. Sanjoy Bhattacharya, the doyen amongst value investors, Bharat  Jaisinghani, and a clutch of other individual investors also participated in the same. Innoviti’s  valuation has multiplied 2.5X from its Series C round closed a few months back. Innoviti enables businesses to collaborate on payment transactions and turn them into purchase  tools that are … Continue reading “Innoviti Raises Rs. 80 Cr. in a First Close in Ongoing Series D Round”

⮚       Funding will be used to expand the network in India ⮚       Company to foray into Europe, USA, Middle East & East Asian markets ⮚       Build Tech capabilities and recruit aggressively  Flo Mobility, a vision-based autonomous technology company, today announced that it has raised $400K from DevX Venture Fund, Venture Garage Angels, Blume Founders Fund and other marquee angels. The company’s stated vision is to build a universal autonomy platform that can bring autonomous capabilities to vehicles across industries and form factors. The company … Continue reading “FLO MOBILITY bags $ 400K Funding in round led by DevX Venture Fund, Venture Garage Angels & Blume Founder Fund”

Launched in May 2020, leap.club – a community led professional network for women has raised $810,000 in a pre-series A round led by Enzia Ventures, Kunal Shah, and its users. Existing investors Whiteboard Capital, Titan Capital and Artha India Ventures also participated. What stands out is that 13 early members of the community joined this round making leap.club one of the few startups to raise funds from its users. leap.club’s cap table boasts of 24 women angel investors, one of … Continue reading “leap.club, a professional network for women, raises $810,000 in pre-series A round led by Enzia Ventures, Kunal Shah, and its users”

The multi-chain relayer network used to simplify Web3.0 transactions offers decentralized blockchain interactions and seamless multi-chain experience Biconomy (https://biconomy.io/), a blockchain transaction platform with Indian founders, announced today that it has raised $9 million in a private funding round led by DACM and Mechanism Capital, with strategic investments from Coinbase, Bain Capital, Coinfund, NFX, True Ventures, Proof Group, Ledgerprime, Primitive Ventures, Genblock, Rarestone Capital, Huobi Innovation Labs and Capital Partners. The raise also includes angel investments from Stani of Aave, … Continue reading “Biconomy Raises $9 Million Led By Mechanism Capital and DACM to simplify web3.0”

Delhi based MyMobiForce (Innotion Technologies Pvt. Ltd.) has raised $1.42 Million (10.3 Crores INR) as part of Pre-Series A round of funding led by Bharat Inclusion Seed Fund with participation from Group of Angels led by Manu Iyer of Bluehill Capital, Acsys Investments and Ashutosh Agrawal (Ex-Urban Company). MyMobiForce is an AI powered crowdsourcing Platform which empowers businesses to scale effectively by providing on-demand Field Technical workforce in a plug and play fashion. The company provides services to marquee brands and … Continue reading “Crowdsourcing Platform MyMobiForce raises $1.42 Mn Pre-Series A round led by Bharat Inclusion Seed Fund”

Disrupts the hyper local delivery model in the devotional sector  Prabhuji Online, India’s fastest growing technology enabled “Subscription Commerce Company”, has raised an undisclosed amount of funds in pre-series A round from Singapore and India based marquee angel investors. Prabhuji Online is into daily hyper local delivery of fresh flowers and Pooja Samagri. The Company plans to expand into providing Panditji Services to home, organising devotional singers as well as religious and Spiritual Tourism very soon. Prabhuji Online till now … Continue reading “Prabhuji Online raises funds in pre-series A round from Singapore and India based Marquee Angel Investors to fuel expansion plans”

Includes existing investor, Kae Capital and new investors, Deepika Padukone, Vindi Banga & Kamini Banga Brand sees 87x growth in subscriber base in 18 months Closing its third round of institutional funding, Nua has raised $7.1 million in a pre-series B funding round, led by existing investor, Lightbox Ventures. Former President, Global Foods, Home & Personal Care at Unilever, Vindi Singh Banga and Kamini Banga of the Banga family office as well as Kae Capital also participated in the funding round. The … Continue reading “Nua raises $7.1M in pre-Series B funding round led by Lightbox”

·       Round led by Unicorn India Ventures ·       Round saw participation from prominent angels such as Meena Ganesh, CEO of Portea, Aravind Sanka, CEO of Rapido, Srinivas Anumolu of GrowthStory and Vivek Bhargava, well known digital media expert and co-founder, ProfitWheel ·       Funds to be primarily used for product development and to enhance the customer experience with an aim to achieve product market fit and explore other markets outside India ·       WINDO an app for Instagram-focused businesses lets anyone easily manage their online business … Continue reading “Instagram focused commerce startup WINDO raises $ 500,000 in seed round”

●        Moving Towards Fund II after Over Subscription of Fund 1 earlier this year ●        Invests upto INR 110 crores in Spinny, Bizongo and Infra.Market    Stride Ventures, one of India’s leading venture debt funds, has disbursed over INR 200 crores across 10 deals that were sanctioned in 2021. The firm has also partnered with leading banks to provide an augmented financing facility of up to INR 100 crores to its portfolio companies as it continues to build innovative alternate financing solutions within venture debt. Traditional … Continue reading “Stride Ventures’ disbursals cross INR 200 crores in 2021”

Ø  Raises 600K USD in seed round Ø  Funds will be used for products development Ø  Also to increase insights & geocodes by 5X Ø  Recent changes in national GIS policy by Government came as a huge boost DevX Venture Fund, the investment arm of Dev Accelerator & co-working announced that it has invested in Gurgaon based geospatial intelligence startup, Intents Mobi.  The startup has raised 600K USD in its seed round. The round, led by Auxano Entrepreneur Trust, also saw participation from other VC firms such … Continue reading “DEVX VENTURE FUND INVESTS IN INTENTS MOBI”