Entreprenuer News Network Bureau 
KredX, India’s largest integrated financial services provider today announced that it has completed a major rebranding to reflect its vision of becoming a one-stop solution for supply chain financing for businesses. As a part of this rebranding, the company unveiled a new logo and a revamped website. Founded in 2015, KredX began its operations with … Read more
Polytrade Finance, a decentralised finance (DeFi) lending platform that uses crypto liquidity to provide operating cash to SMEs in the real world, announced its debut on cryptocurrency exchange CoinDCX on Thursday. “$TRADE’s listing on CoinDCX will provide another way for CoinDCX’s 75 lakh-plus Indian users to access trade tokens,” the decentralised financial platform said in … Read more
FincFriends Pvt.Ltd, an NBFC, has raised $1 million in debt funding from Eclear Leasing & Finance Pvt. Ltd, a major lending NBFC. The company intends to use the financing approved by lenders in tranches for business expansion, growth, and cash flow efficiency. FincFriends has its own lending platform and app, RupeeRedee, which it uses to … Read more
Syntegra, a leader in synthetic healthcare data generation, today announced it has closed its seed financing, bringing in a total of $5.625 million. Syntegra’s investors include Sweat Equity Ventures, Hike Ventures, Innovation Global Capital, Wisconn Valley Ventures, Village Global, Impact Venture Capital, GRIDS Capital, Berkeley Catalyst Fund, Launchpad Capital, Vastly Valuable Ventures and First Spark … Read more
MoneyGram International, Inc. announced that the Company has completed a strategic minority investment in Coinme, a leading cryptocurrency cash exchange in the U.S. This venture, which gives the Company an approximate 4% ownership stake in Coinme, closes out Coinme’s Series A financing round and provides MoneyGram with a direct ownership position in one of the … Read more
Cheems Inu coin is soon launching their MemeTools and a metaverse game in the coming month(s). Cheems Inu, the king of meme coins, can be considered a meme no longer. The cryptocurrency launched last month on the Binance Smart Chain as just another dog-based coin, but since then the development team has worked hard to … Read more
Rupifi, a Bengaluru-based micro, small, and medium-sized business (MSMEs) finance platform, has raised $25 million in a Series A round led by Bessemer Venture Partners and Tiger Global Management. Rupifi was founded by Anubhav Jain, Ankit Singh, and Jawaid Iqbal in 2020, and this is the company’s second financing round in less than nine months, … Read more
Zuddl, a virtual and hybrid events platform based in San Francisco, has raised $13.35 million in a Series A investment headed by Alpha Wave Incubation (AWI) and Qualcomm Ventures. Returning investors GrowX and Waveform Ventures also participated in the round. Zuddle, founded by Bharath Varma and Vedha Sayyaparaju in May 2020, helps businesses create immersive … Read more
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
