Entreprenuer News Network Bureau 
Semaai, an AgTech startup based in Indonesia, has announced US$1.25 million in pre-seed funding led by Surge, Sequoia Capital India’s rapid scale-up program for startups in India and Southeast Asia, and Beenext. Angel investors Nipun Mehra, Founder & CEO of e-commerce startup Ula; Harshet Lunani, founder and CEO of Qoala; and Prashant Pawar, Technology Investment Banker … Read more
Glance, a leading AI-driven lock-screen platform, announced today that it has agreed to raise US$200 million from Jio Platforms Limited (“Jio”) in its Series D round of funding. The transaction is subject to the satisfaction of customary closing conditions and regulatory approvals. The proposed investment by Jio is aimed at accelerating Glance’s launch in several … Read more
SaaS platform BiteSpeed today announced that they have raised US$1.9 million in seed funding led by Sequoia India’s Surge, with participation from First Cheque, Whiteboard Capital and Angels including CRED founder Kunal Shah and Teachable founder Ankur Nagpal. BiteSpeed provides e-commerce brands with the tools to help them embrace conversational commerce as the future of … Read more
EarlySalary, India’s largest consumer lending platform for young professionals, launches Health Category to strengthen its BNPL portfolio. EarlySalary brings onboard Mr. Parvaiz Hussain, the CEO and Co-Founder of HealthFin, who will now be leading Health Category and Strengthen its BNPL offering which includes EdTech, Consumer Tech, Insurance and HealthCare categories. Parvaiz Hussain brings his experience … Read more
Sushma Group, a real estate company based in Punjab, has raised Rs 100 crore from Motilal Oswal Group for the building of a residential project. The funds will be used to expand Sushma Joynest MOH 1, the company’s current housing project in Zirakpur, Punjab. In this 10.75-acre project, the business is building approximately 1,050 units, … Read more
Cult.fit, the fitness startup, has announced that it has purchased a controlling investment in F2 Fun & Fitness India, the Indian franchise of multinational gym chain Gold’s Gym. Cult.fit will now run the Gold’s Gym business in India as a result of this acquisition. According to a press announcement, Cult.fit will focus on independently developing … Read more
Altigreen, an electric vehicle manufacturer, announced on Friday that it has raised $39.8 million in a Series A round of funding to expand its EV manufacturing, launch new products such as LCVs, and increase its national footprint. Altigreen, a provider of electric vehicle technology and solutions for commercial last-mile transportation via two, three, and four-wheeled … Read more
Renee Cosmetics, a beauty brand, raised $ 10 million in a Series A round headed by Mensa Brands on Friday. Existing investors, such as Equanimity Investments and 9Unicorns, participated in the round as well. RENEE Cosmetics is a cruelty-free cosmetic brand founded in 2019 by Aashka Goradia Goble and Beardo co-founders Ashutosh Valani and Priyank … Read more
Aqilliz, a Blockchain-as-a-Service Company building tools and technologies that prepares the marketing industry for the Web3 world, has set up a first of its kind, curated music and entertainment NFT marketplace, “WishWorld” in partnership with One Mercuri, a leading multi-domain business group headquartered in India. “WishWorld is unique. It is consumer first, designed to delight … Read more
Pre-owned car retailing platform Spinny has acquired a 100% stake in AI-powered Connected Car startup Scouto. The deal will mark one of the first consolidations in the AI-powered used car solutions segment where Spinny is gunning big to emerge as the market leader. Founded by ex-racecar driver Akshay Gupta (CEO) & Shubham Sharma (CTO), Scouto … Read more
US, Australia, and Bengaluru-based Bugworks, a clinical-stage multi-indication therapeutics startup,announced that it has raised $18 million in Series B1 funding. The round was led by Lightrock India and included existing investors Bugworks is a clinical-stage biopharmaceutical company founded in February 2014 with the goal of developing novel anti-infectives and immuno-oncology (IO) therapeutic assets using cutting-edge … Read more
Xpressbees, India’s fastest-growing third-party end-to-end logistics company, has raised $300 million in a Series F fundraising round headed by Blackstone Growth, TPG Growth, and ChrysCapital. Investcorp and Norwest Venture Partners are two existing investors. Xpressbees was founded in 2015 and now operates in over 3000 cities, serving over 20,000 pin codes and delivering over 1.5 … Read more
RtistiQ will present the Digital NFT versions of Raja Ravi Varma’s (RRV) works The Coquette and Reclining Nair Lady, two of his most famous paintings. With the originals considered to be National Treasures and unable to be brought out of India, the NFT versions will be auctioned online on the RtistiQ platform from 17 February … Read more
Polygon (previously Matic Network), an Ethereum scaling project, has raised $450 million in its first major venture capital round, led by Sequoia Capital India, with participation from Tiger Global, SoftBank, Galaxy Digital, Republic Capital, Makers Fund, Alameda Research, Alan Howard, Alexis Ohanian, Steadview Capital, Elevation Capital, Animoca Brands, Spartan Fund, Dragonfly Capital, Variant Fund, and … Read more
Mudrex, a Y Combinator-backed crypto investing platform based in Bengaluru and San Francisco, revealed on Tuesday that it has raised $6.5 million in pre-Series A funding from Arkam Ventures, Tribe Capital, and Bolt by QED Investors. Mudrex, founded in 2018 by Edul, Alankar Saxena (CTO), Rohit Goyal (VP, DeFi), and Prince Arora (VP, Engineering), simplifies … Read more
With the acquisition of Qfix Infocomm, a Mumbai-based online payments business, for an undisclosed sum, fintech unicorn Pine Labs, which is preparing to list on the New York Stock Exchange, continues its inorganic approach. Pine Labs has added another company to its range of services, following the acquisitions of Singapore-based Fave and QwikCilver Solutions. Qfix, … Read more
Prosus Ventures, Sistema Asia Capital, RingCentral Ventures, KDDI Open Innovation Fund, DG Daiwa Ventures, and consultancy firm Nexxus Global have announced a $35 million Series B round of funding for virtual event and engagement platform Airmeet. Lalit Mangal, co-founder of CommonFloor, with former executives Manoj Singh and Vinay Jaasti created Airmeet in August 2019. In … Read more
Mintifi, a B2B BNPL (buy now, pay later) platform, announced a $40 million Series C investment headed by Norwest Venture Partners and Elevation Capital. Mintifi, which was founded in 2017 by Anup Agarwal, Ankit Mehta, and Sanjoy Shome, works with over 100 prominent companies in India, including Tata Motors, Bridgestone Tyres, Berger Paints, Polycab, NIVEA, … Read more
Sprinto, a Bengaluru-based software-as-a-service (SaaS) compliance automation platform, revealed on Wednesday that it had raised $10 million in Series A funding headed by Elevation Capital with participation from Accel and Blume Ventures. Sprinto, which went public in mid-2021, assists SaaS companies in obtaining compliances like SOC 2, ISO27001, GDPR, HIPAA, and others in a quick … Read more
Moneyboxx Finance Limited (Moneyboxx), a BSE-listed NBFC which provides small-ticket business loans to micro and small enterprises in Tier-III towns & below places, today announced appointment of Mr. Vikas Bansal as Chief Risk Officer from Feb 2022. Mr. Bansal served as National Credit Manager – Emerging Business and Digital Lending in his previous role at TATA Capital. … Read more
