Entreprenuer News Network Bureau 
Mobile-first credit card startup OneCard is set to raise ₹239.4 crore ($28.5 million) from prominent investors, including Better Tomorrow Ventures, Peak XV Partners (formerly Sequoia Capital), and Z47 (formerly Matrix Partners). This marks the company’s first equity investment of 2024, following a debt funding round earlier in January. Key Details of the Funding Round According … Read more
Solarworld Energy Solutions has successfully raised approximately ₹110 crore in a pre-IPO funding round. Key investors include ValueQuest Investment Advisors, along with several prominent funds and individual backers. This strategic funding has allowed the company to scale back its planned Initial Public Offering (IPO) from ₹550 crore to ₹440 crore. Key Details of the Pre-IPO … Read more
MediSun Energy, a leader in advanced osmotic (blue) energy technology, has successfully raised $8.75 million in seed financing and entered a strategic partnership with Southeast Asian venture capital firm Vynn Capital. This funding round, comprising $5 million in venture debt and $3.75 million in equity financing, boosts MediSun’s valuation to $44 million. Key Investors and … Read more
Sealmatic India Ltd (BSE: 543782) has announced a significant investment of ₹25 crores from Aegis Investment Fund PCC Niveza through a preferential allotment. This involves the issuance of 393,000 equity shares at ₹636 per share, including a premium of ₹626 per share. This funding marks a crucial milestone for Sealmatic as it accelerates its global … Read more
Ukhi, a pioneering biomaterials startup specializing in sustainable, biodegradable packaging, has secured $1.2 million in a pre-seed funding round. The investment was led by 100Unicorns, with participation from Venture Catalysts, angel investor Avtar Monga, and debt financing from the Small Industries Development Bank of India (SIDBI). Funding to Fuel Growth and Innovation This new capital … Read more
Wardwizard Innovations & Mobility Limited, a leading Indian electric vehicle manufacturer under the brands Joy e-bike and Joy e-rik, has signed a Memorandum of Understanding (MoU) with Ampvolts Limited (formerly Quest Softech). This strategic collaboration aims to strengthen green mobility solutions by developing a robust EV charging infrastructure in India and beyond. Accelerating Green Mobility … Read more
In a significant leadership shift, Flipkart co-founder Binny Bansal has stepped down from the PhonePe board, according to recent media reports. Following Bansal’s resignation, Manish Sabharwal, Vice-Chairman of TeamLease Services, has been appointed as an Independent Director and Chair of the company’s Audit Committee. Strengthening Financial Governance and Strategic Oversight Manish Sabharwal’s appointment is set … Read more
Lightning AI, creator of the popular PyTorch Lightning framework, has announced a $50 million equity investment from industry giants including Cisco Investments, J.P. Morgan, K5 Global, and NVIDIA. This brings the company’s total funding to an impressive $103 million. Rapid Growth and Adoption Since its launch just 12 months ago, Lightning AI has achieved remarkable … Read more
Z SUPPLY, a fashion house synonymous with simplicity, comfort, and effortless style, continues its impactful Black Friday/Cyber Monday tradition. For the fourth consecutive year, the company will donate $300,000 from online sales at ZSUPPLY.com to the Z SUPPLY Foundation. This generous contribution brings the Foundation’s total funds raised to an incredible $1.2 million since its … Read more
Flipkart Group has announced the appointment of Dan Bartlett, Executive Vice President of Corporate Affairs at Walmart Inc., to its board of directors. This strategic addition follows the recent appointment of Lydia Jett, former SoftBank Managing Partner, further strengthening Flipkart’s leadership team. Dan Bartlett’s Extensive Expertise As Walmart’s corporate affairs leader, Bartlett brings a wealth … Read more
Quick commerce leader Zepto has raised $350 million in its latest funding round, pushing its valuation to an impressive $5 billion, according to recent media reports. This funding, led by Motilal Oswal’s Private Wealth division, marks a strategic effort to attract domestic investors as the company prepares for its highly anticipated initial public offering (IPO). … Read more
Trustero, a leading Silicon Valley innovator in AI-driven security and compliance solutions, has successfully closed a $10.35 million Series A funding round. This round was led by Bright Pixel Capital (formerly Sonae IM), with participation from existing investors Engineering Capital, Zetta Ventures Partners, and Vertex Ventures US. The investment will fuel Trustero’s mission to modernize … Read more
Innov8, one of India’s leading coworking startups, is in advanced talks to raise ₹100 crore in a primary funding round. The company targets a valuation of ₹1,200 crore to support its ambitious expansion strategy. This funding will drive strategic acquisitions, technology enhancements, and partnerships, with a focus on deepening its presence in Tier I cities. … Read more
Teleo, a leader in autonomous technology for heavy equipment, has announced a $16.2 million Series A extension, building on its previously raised Series A funding. This latest investment brings the company’s total funding to $29.8 million since its inception in 2019. The funds will support scaling customer deployments, expanding into new industries, and enhancing Teleo’s … Read more
Delhi-based fintech startup CredFlow has successfully raised $3.7 million (₹31.2 crore) in its latest Pre-Series B funding round. The round was led by existing investors Inflexor Ventures and a prominent Singapore-based family office. This funding will be directed towards scaling CredFlow’s financial services and lending verticals, enhancing its technology, and driving innovation. This follows the … Read more
Moglix, a leading B2B commerce platform, has announced the strategic acquisition of Khatema Fibres, a pioneer in eco-friendly paper products, for ₹80 crore. This move marks a significant milestone in Moglix’s mission to lead in industrial procurement and sustainable packaging, aligning with India’s vision of a Viksit Bharat by 2047. Strengthening Moglix’s Market Position This … Read more
