Entreprenuer News Network Bureau 
Paytm’s founder Vijay Shekhar Sharma was re-appointed as the company’s Managing Director and Chief Executive Officer on Saturday. He has been reappointed to the job for a period of five years, with effect from December 19, 2022, according to the company’s exchange filing. Madhur Deora, the company’s current Chief Financial Officer, has been appointed as … Read more
Security-focused blockchain, Energi (NRG) secures Investment Commitment for $50 million. This marks an important step forward for the organization which has until now sustained itself by self-funding, rather than having launched with a pre-mine or ICO. With this investment commitment, Energi is well-positioned to continue its growth and drive the adoption of its blockchain technology. The … Read more
After the exemplary response to the launch of India’s first Environment-themed NFTs dedicated to Tree Plantation titled ‘Now Funding Tomorrow’, Seagram’s 100 Pipers has upped its game by dropping another set of unique environmentally linked NFTs. The saga will continue this International Day for Biological Diversity on 22nd May when the brand rolls out their next set of … Read more
Major League Cricket in the United States has revealed that they have raised 120 million dollars in a series A and A1 fundraising round that includes Silicon Valley heavyweights like Satya Nadella. According to MLC, the six-team franchise T20 league sanctioned by USA Cricket, 44 million dollars has been secured following the completion of these … Read more
ZincSearch, a full-text search engine, announced a $3.6 million seed funding round led by Nexus Venture Partners, with participation from Dell Technologies Capital, Secure Octane, Cardinia Ventures, and technology leaders including Anand Babu Periasamy, Balaji Parimi, Rob Skillington, Anshu Sharma, Luke Kim, Awais Nemat, Dan Pinto, and Alex Gallegos. ZincSearch was founded by Prabhat Sharma, … Read more
Imagindairy, Ltd, a foodtech business that develops animal-free milk proteins, has raised an extra $15 million in its extended seed round. The first round, which took place in November 2021, raised US$13 million. This raises the total investment capital to US$28 million, making it one of the most profitable seed rounds in the alternative protein … Read more
Bravado, the professional network for B2B sales, today announced it has raised $26 million in Series B funding led by Tiger Global. The round included community participation from 250 Chief Revenue Officers and VPs of Sales, along with prominent angels like Zynga founder Mark Pincus, Lenny Rachitsky and the Airbnb alumni syndicate, Packy McCormick, and Sahil Bloom. Existing investors Redpoint Ventures, XYZ Ventures, Freestyle … Read more
Saga announced today that it has raised a $6.5 million seed round at a $130 million valuation. Investors in the round include Maven 11, Longhash Ventures, Hypersphere, Figment, Polygon Studios, Samsung NEXT, Chorus One, GSR, C2X, CRIT Ventures, Merit Circle, Hustle Fund, Unanimous Capital, Strangelove Ventures, Tess Ventures, nfr, Akash Network, Zaki Manian, Jae Kwon, Garrette Furo, Alex Shin, Nick Tomaino, Peter Kim & Bo Du (Polymer) and several … Read more
Neobanking platform Stashfin has made a key addition to its leadership team, with Anirudh Dhakar joining as Vice President, Co-lending. Prior to Stashfin, Dhakar was associated with Northern Arc Capital and is an accomplished professional in the financial sector. He has a proven track record, having conducted due diligence of more than 30 fintech entities … Read more
LenDenClub, India’s largest Peer-to-Peer Lending platform, with its vision to drive financial inclusion, is building a formidable leadership team as it prepares for its next growth phase, chasing an ambitious goal of $1 billion in loan disbursals. To this effect, the RBI registered NBFC-P2P has made a key leadership appointment and hired CA Mudit Agarwal … Read more
99 Pancakes, a Mumbai-based quick service restaurant (QSR), has raised Rs 6.5 crore from a group of angel investors in a round of fundraising. In the next months, India’s first QSR chain specialising in pancakes plans to use the funds for aggressive expansion and marketing across the country. The company, which recently partnered with major … Read more
Mankekar Family Office, Artha Venture Fund, Siddharth Shah, and API Holdings’ Dharmil Sheth, among others, led a $4.5 million pre-Series A fundraising round for Mumbai-based chess institution HobSpace. The money will be used to expand internationally and speed up product development. HobSpace will also put the money on technology to improve the students’ entire experience. … Read more
Questbook, a Web3 grants platform, raised $8.3 million from Lemniscap in its Series A fundraising round. Coinbase Ventures, Alameda Research, Dragonfly, Hashed, Polygon, Balaji Srinivasan, Raj Gokal (Solana), Arjun Sethi (Tribe Capital), and Maneesh Sharma all participated in the round (GitHub). Abhilash Inumella, Subhash Karri, Sriharsha Karamchati, and Madhavan Malolan created Questbook in the United … Read more
Following Vedantu, Unacademy, and Meesho, Cars24, an upcoming IPO, has laid off about 600 staff in the last few weeks. Across divisions, the startup has primarily laid off people in lesser levels. According to the article, the company employed roughly 9,000 people before the layoffs. According to these people, layoffs have occurred across departments and … Read more
GeoIQ, a hyperlocal performance prediction firm, has raised $2.25 million from Lenskart and current investors 9Unicorns and Ecosystem Ventures. The funding will be used to grow into worldwide geographies, develop the startup’s proprietary data stack, and leverage data scientist networks to build various AI models. Devashish Fuloria, Tusheet Shrivastava, and Ankita Thakur created Bengaluru-based GeoIQ … Read more
From Pune comes this heart-warming story of Yogesh Sonar who wants to reach out to people with disabilities across India by offering them training in digital marketing skills. As a child with a disability growing up in rural Maharashtra, Yogesh Sonar had it hard. Yogesh’s left leg was affected by a childhood polio attack and he had a hard … Read more
Masterschool, a network of tech career-training schools, announced a $100 million seed funding round led by Group 11, with significant participation from Target Global, Pitango Ventures, Dynamic Loop Capital, Sir Ronald Cohen, and other strategic investors. With 1 million unfilled IT jobs in the US alone, the tech talent shortage is one of the biggest challenges facing companies today and … Read more
Cayaba Care, a maternity health startup, announced today the closing of a $12 million Series A round that will work to expand the company’s footprint within underserved populations. The funding will be used to increase staff, launch in additional markets and further invest in technology solutions that will increase access to much-needed holistic maternity services. The Series A … Read more
Cylus, the global leader in rail cybersecurity, announced today the addition of Sandeep Joshi to its advisory board. Joshi brings over 35 years of experience and expertise in mobility, business management, operations, and engineering, particularly in the rail sector, and will bolster Cylus’ continued growth in India and throughout Southern Asia. Joshi served previously as Managing Director at Alstom, where … Read more
Inflection Point Ventures led a $1.1 million Pre-Series A financing for Bengaluru-based relocation platform HappyLocate. The round was also attended by VM Ventures and RMZ Management. The money raised will go toward improving operational efficiency and expanding the company’s reach. HappyLocate has become the most sought-after solution for more than 50 enterprise clients, including Fortune … Read more
