Entreprenuer News Network Bureau 
L&T Technology Services Limited, a leading global pure-play engineering services company, announced that it has been awarded a deal worth USD45 million from a U.S. based automotive Tier 1 company, to be its strategic engineering partner and provide engineering services for its Electric Vehicle (EV) product portfolio. Under the terms of the 5-year agreement, LTTS … Read more
Sahicoin, the world’s first crypto native social platform, has raised $1.75 million in the latest seed round led by Alameda Ventures (FTX), Better Capital Ventures, and other institutional investors. The fresh round of funding will be deployed to scale the team across engineering & product, and grow the platform. Founded by IIT Kanpur alumni, Amit Nayak, Ankush Rajput, and … Read more
upGrad, Asia’s higher edtech major, today announced the appointment of Dr. Sanjay Kumar who will spearhead the company’s new vertical of Corporate Affairs and Public Policy for India. As part of his new role, Sanjay will work with the government, industry associations and other relevant stakeholders in the policy space for propelling strategic developments, which in turn, can … Read more
MyCaptain, a Bangalore-based business reinventing the future of work, has raised $3 million in pre-Series-A funding led by Ankur Capital. IPV (Inflection Point Ventures), Firstport Ventures, IIM Calcutta Angels Network, Singapore Angel Investors, and other Super Angels also participated in the round. Through over 30+ Beginner to Advanced Live Cohort based courses, MyCaptain, an online … Read more
EduFund, the first company in India to cover a child’s higher education journey from savings (in rupees and dollars) through immigration, announced today that it has raised a $1 million seed round. The money will be utilised to augment product offerings and grow market presence, led by Anchorage Capital Partners, with additional investments from ViewTrade … Read more
Steadview Capital, Tiger Global, and Dragoneer Investment Group led a $75 million Series D round of funding for wealth management platform INDmoney. INDMoney, which launched in 2019, offers users to keep track of their finances on a single platform and invest in a variety of financial instruments including as mutual funds, fixed deposits, equities, and … Read more
Aerostrovilos Energy, a Mumbai Angels portfolio company and an IIT Madras-incubated firm, has received INR 3.5 crore in seed finance from Tube Investment of India, a Murugappa Group company. Aerostrovilos Energy is a firm based out of IIT Madras that is developing India’s first gas turbine for power generation. Gas turbines are generally utilised for … Read more
Qarmatek, an electronics renewal and refurbishment firm backed by GVFL (Gujarat Venture Finance Limited) and Caspian Debt, has acquired $3 million in Series A funding. The funds will be used to expand its newly launched B2C refurbished and rejuvenated electronics marketplace, MOBEX. Qarmatek began as a B2B electronics repair and refurbishment partner for major device … Read more
Epigeneres Biotech, situated in Mumbai and the only licensee of Singapore-based Tzar Labs in India, has raised USD 6 million in a Series B fundraising round. Epigeneres Biotech unveiled an early detection cancer test (co-developed with Tzar Labs, Singapore – a specialised molecular diagnostic firm) in May 2021, with a groundbreaking breakthrough in RNA bio-markers … Read more
Your-Space, India’s premier student housing Company raised USD 10M in Series-A funding (a combination of pure equity and convertible debentures) led by the personal investment from Mr. Shantanu Rastogi (of General Atlantic) and Mr. Ajay Gupta’s (Capital Foods) family office AJAX Capital and Holy Basil Consultancy Private Limited, which also saw participation from Mr. Manish … Read more
edustoke is India’s largest online preschool to K-12 platform, bridging parents’ needs for information and expert assistance on educational options. Indus Initiatives has provided the firm with INR 3 crore in startup finance for the brand. edustoke, founded in 2017 by Mr Pawas Tyagi and Mr Rohit Malik, is the pioneer in structured school search … Read more
nCORE Games announces a Series A funding round of $10 million to expand their gaming properties into the Metaverse and NFT space. Global leaders in interactive media and blockchain, Galaxy Interactive and Animoca Brands, co-led the round, with Polygon and HyperEdge also participating. Vishal Gondal and Dayanidhi M G, both veterans of the game industry, … Read more
Arya.ag, an agritech business, has raised $60 million in a Series C funding round headed by Asia Impact SA, a Luxembourg-based investment group. Existing investors, such as Lightrock India and Quona Capital, took part in the fundraising as well. According to a top company official, the company’s post-money valuation has surpassed $300 million. Arya is … Read more
Purplle, an online marketplace for beauty and grooming items, has raised Rs 257.43 crore (about $38 million) in an extended Series D round led by Sequoia Capital and others. Kedaara Capital and Premji Invest were among the investors in this round, which garnered $106.7 million for the Mumbai-based company. The news was initially reported by … Read more
Bengaluru-based short-video app Chingari on Monday announced the closing of $15 million in Series A extension round. The funding will be used to improve technology, create new services, and expand the tech staff, according to the site. The app’s live-streaming, socio-commerce, and voice chat functions will be available soon. Since April 2021, Chingari has seen … Read more
Heaps Health Solutions, an AI-driven healthtech B2B SaaS platform, secured Rs 550 million in a Series A round from high-net-worth individuals and family offices on Monday. The Rajiv Dadlani Group and Mumbai-based NVS Wealth Managers, founded by Nalin Shah and Jesal Shah, led the round. The worldwide healthtech platform and SaaS provider, founded by Dr … Read more
Cloud-tech HR venture ZingHR has raised $10million from Tata Capital Funds, which will give the latter a 33% stake in the company. The company will use the funding for expansion into more global markets, upgrade technology and scale up its talent pool. “We are thrilled to announce that we have bagged $10 million funding from … Read more
Truecaller, the leading global platform for verifying contacts and blocking unwanted communications, has entered into an agreement to acquire the Israeli company CallHero (www.getcallhero.com). CallHero has developed a unique technical solution for both Android and iPhone, with an AI-enabled assistant. CallHero’s assistant can answer calls for you in a natural language, take messages for you … Read more
Polygon founder Jayanti Kanani has invested in pseudonymous social network Zorro. “In this new era of web 3.0, pseudonymity is needed globally to enable seamless transactions, socially & commercially. I am glad Team Zorro has focused on this need and is building a world class product. I am happy to back their efforts towards making a customer driven … Read more
ORAI, a conversational AI platform, has raised INR 6.5 crore in a Pre-Series A round headed by Inflection Point Ventures, one of India’s most well-known angel investment platforms. ORAI is solving a major problem by providing 100 percent AI-powered automation with all advanced capabilities in a single bot that handles all customer care, customer outreach, … Read more
