Dairy startup Mooofarm Pvt Ltd raised $13 million in a Series A fundraising round headed by Aavishkaar Capital, the Aavishkaar Group’s Impact Investing division. The company focuses on closing the technology gap to empower marginalized dairy farmers. Aditya Birla Ventures, Accel Partners, and...
The pet care firm Vetic, based in Gurugram, has received $3.7 million seed funding from former Stripe CEO Lachy Groom. Numerous additional angel investors, including Utsav Somani of AngelList India, Nitin Saluja of Chaayos, Ritesh Agarwal of Oyo, and Manu Gupta of Blue Lion, participated in the...
Korean Startup CloudN enters Energy Management Market in Thailand with support from Korean Government
Korean startup CloudN Co., Ltd., which is working towards a sustainable future with its ‘Building Energy Management System,’ announced that it has entered the Thailand market with support from the Korean government and NIPA (National IT Industry Promotion Agency). CloudN hosted a...
Smart Radar System, a Korean company specializing in developing high-resolution 4D imaging radar with global competitiveness, has been named in the CES 2023 Innovation Award list. The company’s “Smart Guard Solution” was selected for the CES 2023 Innovation Awards, produced by...
The specialty chemicals startup Covvalent, run by AT7 Technology Inc., has received seed funding of $4.3 million from early-stage venture capital firm Nexus Venture Partners. Vishal Chaudhary (Zetwerk), Ramakant Sharma (Livspace), Rajesh Yabaji (BlackBuck), and Kaushal Soparkar (Meghmani Group),...
Indiagold, a fintech firm, completed its $10 million Series A fundraising round. Existing investors such as Alpha Wave, 3one4 Capital, PayU, and Leo Capital participated in the round. The startup offers services for things like digital gold and gold loans. Series A began in July 2021, with the...
Bira 91, an Indian craft beer company, has secured $70 million in a Series D funding round led by Japanese beer company Kirin Holdings. The deal had been in the works for about two months. Due to the increased demand for alcoholic beverages, the company intends to increase production. Craft beer...
ReshaMandi, a silk-tech firm, has raised $6.2 million from Stride Ventures in a debt round. An official filing with the Registrar of Companies (Roc) reveals that the board of Resha Mandi has approved a special resolution to issue 5001 Non-Convertible Debentures at an issue price of INR 1,00,000...
Mailit, a technology-driven mailroom management startup, announced plans to raise $10 million in a Series A funding round. Mailit Mailroom Management Solutions Pvt. Ltd, which Ratan Tata backs, previously raised undisclosed debt funding as a bridge round before raising its Series A. PSI, a global...
Indian Aerospace Startup Skyroot Successfully Launches India’s First Private Rocket, Vikram-S
A successful suborbital launch of the Vikram-S rocket by Hyderabad-based aerospace startup Skyroot from the Satish Dhawan Space Centre in Sriharikota, Andhra Pradesh, marks the arrival of Indian private operators in the space sector. More than seven minutes into the mission, the demonstrator,...
Indian Ed-tech platform, Simplilearn has raised $45 million in a funding round led by GSV Ventures, Clal Insurance, and ADQ. The Blackstone-backed upskilling platform has defied all odds ailing Ed-tech firms in the country to secure the latest funding. In a press statement, Simplilearn said the...
BeatO, an Indian startup in the health tech sector, has secured $33 million in Series B funding led by Lightrock. HealthQuad, Flipkart, and current investors such as Orios Venture Partners, Leo Capital, W Health Ventures, and Blume Ventures also participated in the investment round. The startup...
Lentra, an Indian Fintech SaaS startup, has closed a $60 million Series B funding round led by existing investors Bessemer Venture Partners and Susquehanna International Group (SIG) Venture Capital, with participation from Citi Ventures. “We see a massive opportunity for ourselves in the retail...
Sanfe, a women’s hygiene and intimate skincare brand, has raised $1.5 million in Series A2 funding from Lets Venture, the S Chand family office, and Seeders. Angel investors Abhay Tandon and Yash Kotak also participated in the round. The startup raised $1 million in a Series A funding round...
Hygenco, a green hydrogen company based in Haryana, has received a $25 million investment from the SBICAP Ventures-managed Neev II Fund. According to SBICAP Ventures, the fund aims to deploy over $300 million in green hydrogen projects across India over the next three years. The investment will...
Wearables startup boAt has raised approximately $60 million from Warburg Pincus and new investor Malabar Investments. The funding comes on the heels of the startup’s IPO plans being postponed due to poor market sentiment. The boAt raised $100 million from Warburg Pincus in January 2021,...
Sequoia India is reportedly planning an investment of more than $50 million in K12 Techno Services, an edtech startup that provides a variety of services to educational institutions as well as managing its own school chain. The transaction occurs when the Indian edtech sector is still suffering...
B2B e-commerce startup Udaan has raised $120 million in convertible notes and debt, led by existing shareholders and bondholders. With this round, the company’s total funds from convertible notes and debt in the last four quarters have surpassed $350 million. Udaan raised $250 million earlier...
Devtron, an open-source internal DevOps platform that democratizes Kubernetes adoption, has received $12 million in new funding led by Insight Partners. The new round follows previous investments from Leo Capital and several well-known angels. “We are elated to have Insight Partners join our...
Gurugram-based B2B cross-border building materials’ supply chain startup GlobalFair has raised $20 million in its Series A funding round led by Lightspeed. The Series A funding round, which was a mix of equity and debt, also witnessed the participation of Saama Capital, India Quotient, AUM...
Financial modeling and monitoring platform Drivetrain AI Inc. has raised $15 million (INR 120 crore) in a Series A round led by Elevation Capital, Jungle Ventures and Venture Highway. In addition, angel investors, advisors, founders and CXOs of marquee technological companies also contributed to...
In a Series-C funding round co-led by GS Ventures, CJ Investment, Mirae Asset Securities, NCORE Ventures, Woori Bank, Capstone Partners, Big Basin Capital, DS Asset Management, and Pureun Investment, the pizza company GOPIZZA with headquarters in Korea, has raised $25 million (INR 200 crore). The...
Molbio Diagnostics, a Molecular Diagnostic chain, has raised $85 million in a funding round led by Singapore-based Temasek. The Goa-based firm has now received its first tranche from the Singapore-based investor, V Sciences Investments, at a unicorn valuation. Molbio enables precise, rapid, and...
Elucidata, a biotechnology molecular data company, has announced a $16 million Series A funding round. The round was led by Eight Roads Ventures, an international investment firm, with participation from F-Prime Capital, IvyCap Ventures, and Hyperplane Venture Capital. According to a statement...
Butterfly Learnings, a pediatric development and behavioral health platform, has raised $1.5 million in a seed round. Insitor Partners, 9Unicorns, Venture Catalysts, Fondation Botnar, UTIL Stiftung, and CIIE.CO contributed to the fund. The funds will be used to build and scale the digital product...
The Commerce and Industry Ministry of India has officially announced that the Fund of Funds for Startups (FFS), launched in 2016, has committed INR 7,385 crore to 88 alternative investment funds (AIFs) as of September 24 this year. According to the Union Ministry of Commerce and Industry...
Bengaluru-based Signzy, a fintech startup, raised $26 million in a new round of funding from Gaja Capital and its existing investors, Vertex Ventures and Arkam Ventures. The startup, which provides digital banking infrastructure, also saw participation from Mastercard, Kalaari Capital, and...
Bhanzu, a two-year-old math learning platform based in Hyderabad, has raised $15 million in Series A funding led by global investment firm Eight Roads Ventures. According to the startup, another international investor, B Capital, also participated in the round through its Ascent Fund. The funds...
Murf AI, a synthetic speech technology startup that is revolutionizing the creation of voiceovers, has raised a $10 million Series A funding round led by Matrix Partners. The round also witnessed participation from existing investor Elevation Capital and angel investors, including Ajay Arora,...
Zopper, a Noida-based insurtech startup, has raised $75 million in series C funding led by Creaegis. ICICI Venture, Bessemer Venture Partners, Tiger Global, and existing investor Blume Ventures also participated in the equity funding round. The company runs an insurance-focused SaaS platform....