Entreprenuer News Network Bureau 
AarogyaAI Innovations, a healthtech firm, has raised $700,000 (about Rs 5.2 crore) in a seed fundraising round led by Info Edge (India)-backed Redstart Labs and Avaana Capital (Seed Program). Entrepreneur First (EF) and First In Ventures, both existing investors, also participated in the round. The startup, founded in 2019 by scientists Praapti Jayaswal and Avlokita … Read more
Avataar.me, a San Francisco and Bengaluru-based AI and Computer Vision platform focusing on spatial visual discovery, announced on Friday a $45 million Series B investment round headed by Tiger Global with previous investor Sequoia Capital India as a co-participant. Avataar’s platform, which was founded in 2014 by Prashanth Aluru, Sravanth Aluru, Gaurav Baid, and Mayank … Read more
Sony Entertainment Television’s Indian adaptation of the worldwide recognised business reality show Shark Tank has sparked the expansion of India’s entrepreneurial ecosystem. Putting the spotlight on Badalte Bharat Ki Nayi Soch, this revolutionary show has provided budding entrepreneurs a wonderful opportunity to realise their ambitions by presenting their unique ideas to business gurus a.k.a. The … Read more
GoDaddy Inc, the company that empowers everyday entrepreneurs, today announced Roger Chen assumed the role of Chief Operating Officer, effective January 3, 2022. Chen will continue to report to GoDaddy CEO Aman Bhutani. “Roger has a proven track record of leadership, execution and operational excellence as demonstrated by his most recent successful tenure as President … Read more
Avelo Airlines, which became America’s newest mainline airline in nearly 15 years when it took flight last April, today announced it raised $42 million in Series B funding. This second-round offering increases Avelo’s invested capital base to over $160 million. Avelo raised approximately $125 million in January 2020. The Series B shares sold at a … Read more
Dunzo, India’s leading quick commerce player, has raised US$240M in its latest round of funding. The investment was led by Reliance Retail Ventures Limited (“Reliance Retail”), with participation from existing investors Lightbox, Lightrock, 3L Capital and Alteria Capital. With an investment of US$200M, Reliance Retail will own 25.8% stake on a fully diluted basis. This … Read more
Bitcoin miners made more than $15 billion in revenue over the course of 2021, according to The Block Research. The estimate represents a year-over-year increase of 206%, per The Block Research’s 2022 Digital Asset Outlook Report. It should be noted that the estimate is premised on the notion that mining companies sell their accrued digital assets to pay … Read more
ReadyWorks, a digital platform conductor (DPC) that leverages AI and intelligent automation to reduce the risk and costs of IT infrastructure transformation, announced today that it has closed $8 million in Series A financing led by Credit Suisse Asset Management’s NEXT Investors. With this investment, ReadyWorks will expand its technology platform to help enterprises accelerate … Read more
VeriSIM Life, the leading artificial intelligence (AI)-enabled, unique R&D decisions de-risker for breakthrough drug development, today announced it has closed its oversubscribed $15 million Series A round. The financing was led by Morpheus Ventures. Additional new investors include Debiopharm Innovation Fund and Colorcon Ventures, with continued support from existing investors OCA Ventures, Intel Capital, Serra … Read more
SaaS Capital, the leading provider of growth debt to software-as-a-service (SaaS) companies, today announced that it has closed its fourth fund with $128 million in limited partner commitments. This fund follows its successful predecessors in pursuing a highly focused strategy, solely serving growth-stage, private, B2B software companies looking for an alternative to dilutive equity capital. … Read more
Bag2Bag, a travel technology startup, based out of Bangalore, India which deals in online hotel booking have received their first external funding from a US based investor. This is still a tough phase in travel and hospitality sector, but Bag2Bag’s growth is significant, future plans are promising and the team is experienced which has established … Read more
Campus 365 Edunet Pvt Ltd, a Bengaluru-based edtech business, announced on Thursday that it has raised Rs 2.15 crore in seed funding led by Bengaluru-based angel investors. Campus 365 claims to offer a SaaS (software-as-a-service) platform that unifies school curriculum, teaching methods, and vendor resources. It was founded in 2017 by Mayank Singh, Sandeep Verma, … Read more
Mainstreet Marketplace, a sneaker resale marketplace, has raised an unknown sum in a seed fundraising round. Kunal Shah, founder of Cred, Raj Shamani, entrepreneur, digital content creator, podcaster, and investor, Varun Duggirala, founder of Glitch, Rohan Batra, MD, Cravatex Brands, Prashant Iyer, Rohit Raj, founder of Glitch, Bhavisha Dave, founder of Capsul, and Keshav Hingorani, … Read more
Anicut Capital, India’s foremost investment firm has announced the appointment of Adithya Bharadwaj as Vice President to lead its early and growth-stage investments function. Adithya will head the expansion of Anicut Capital’s investment into the startup ecosystem based out of Bangalore. He will be operating on the equity side, across stages and will also lead … Read more
TPG, a leading global alternative asset firm, and Fractal , 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 in Fractal through TPG Capital Asia, the firm’s Asia-focused private equity platform, in a transaction that includes a combination … Read more
LivFin India Private Limited, situated in Delhi, has raised $2 million in venture loan from BlackSoil, a significant NBFC and notable credit player. Livfin, a Delhi-based fintech NBFC, has been providing supply chain finance to mid-to-large corporations since January 2018, by setting up programmes to lend to their suppliers/vendors and distributors/dealers/retailers using a ‘Anchor’-based financing … Read more
Bambrew, India’s largest one-stop innovative packaging solution provider as an alternative to single-use plastic, has raised pre-Series-A funding. Blue Ashva Capital and Supack Industries led a $2.35 million investment round. Mumbai Angels and other renowned angel investors took part in the round. The current influx of capital will be used to establish India’s first tech-enabled … Read more
Pictory Corp., an AI-powered video solution that empowers content creators and marketers to edit and produce videos automatically and at scale, today announced a $2.1 million seed round led by FUSE alongside participation from Voyager Capital. With the addition of 5000+ new clients in just three months, the Seed financing continues a recent trend of … Read more
Plixxo, MissMalini, Winkl, and Vidooly, India’s premier influencer management, marketing, and analytics platforms, have merged to become the Good Creator Co, India’s largest creator ecosystem. The Good Glamm Group’s clandestine purchases of Winkl and Vidooly are also revealed in this release. They’ve now formed their own company, the Good Creator Co. The Good Glamm Group … Read more
Bombay Shaving Company (BSC), India’s biggest hair removal business, has raised INR 160 crore in a round led by Malabar Investments, an Indian hedge fund. Patni Advisors, Singularity AMC, and other HNIs also took part in the round. This financing included ESOP sales for some of its workers as well as INR 45 crore in … Read more
