Entreprenuer News Network Bureau 
Flint, a worldwide cryptocurrency investment tool, has secured $5.1 million in venture funding from Sequoia Capital India and GFC. Coinbase Ventures, Hashed, IOSG, Better Capital, Antler India, and MSA Capital were among the 11 institutional investors who participated in the round. The company, which was founded in October 2021, now provides a simple and steady … Read more
Raise Financial Services has raised $22 million in Series A funding from BEENEXT and Mirae Asset Venture Investments. The fintech startup was founded in January 2021 by Pravin Jadhav, who previously led Paytm Money, and its first product, trading platform Dhan, was released in November last year. Raise Financial is to spend $15 million in … Read more
Vajro, a mobile app development company based in Chennai, announced on Tuesday that it had secured $8.5 million in a Series A round from Kansas City-based growth equity firm Five Elms Capital. Vajro was founded in 2018 by Baskar, Niwin Santhosh, and Raghuraman Ramamurthy and now employs around 150 people. It’s currently geared toward the … Read more
Sankalp Aggarwal has been chosen as the new CFO at Classplus, a mobile platform for educators and content creators to build their online teaching enterprises. This is part of an effort to improve the management team at Classplus. Aggarwal was previously the Head of Finance at Gaana, a music streaming business, and has been hired … Read more
Darwinbox, Asia’s fastest growing HR tech platform, today announced another milestone witha US $72 million funding round, leapfroggingthe companyto a billion-plus-valuation. Led by Technology Crossover Ventures (TCV) along with participation from existing investors Salesforce Ventures, Sequoia India, Lightspeed India, Endiya Partners, 3One4Capital, JGDEVand SCB10X,the round takes the total investment in the company to over $110 … Read more
FedEx Corp. (NYSE: FDX) and Microsoft Corp. (Nasdaq: MSFT) announced the next solution as part of their multiyear collaboration to transform commerce, supply chains and logistics. FedEx and Microsoft will bring together FedEx network intelligence with capabilities from Microsoft Dynamics 365 to introduce a cross-platform “logistics as a service” for retailers, merchants and brands. The companies … Read more
Smiles.ai, a healthcare business, has received $23 million in Series A funding from Alpha Wave Incubation (AWI). Existing investors Sequoia Capital India and Chiratae Ventures also participated in the round. Hitesh Kakrani and Dr. Jatin Kakrani established Smiles.ai in 2019. To provide access to high-quality and cost-effective dental care goods and services, the firm uses … Read more
Swiggy, the foodtech unicorn, has secured $700 million from Invesco, six months after raising $1.25 billion. Swiggy is now worth $10.7 billion, up from $5.5 billion previously. This investment comes at a time when food and online grocery are becoming more popular, and consumer demand for Swiggy’s services is increasing. While the food delivery business … Read more
HealthQuad, Kalaari Capital, and HealthX Capital Singapore have all contributed to Stanplus’s $20 million Series A fundraising round. Antoine Poirson, Jose Leon, and Prabhdeep Singh created the Hyderabad-based firm in 2016. StanPlus is an emergency healthcare startup that offers end-to-end medical response solutions, including ambulance services for both emergency and non-emergency situations, as well as … Read more
Ola Electric, founded by Bhavish Aggarwal, is now valued at $5 billion thanks to a $200 million investment from Tekne Private Ventures, Alpine Opportunity Fund, and Edelweiss. Last December, the electric vehicle manufacturer raised $500 million from prominent institutional investors through a Term Loan B (TLB), which drew a massive response from investors, with interest … Read more
Ezetap, a leader in digital payments, has announced that Byas Nambisan, the company’s CEO since 2019, has been selected as a Co-Founder by the Board of Directors. This honour honours his work in propelling the company to the forefront of India’s burgeoning finance scene. Arjun Ramesh, Vice President International Sales, UAE, and Tamal Das, Vice … Read more
VerSe Innovation, the parent company of Dailyhunt and Josh, has raised almost Rs 207 crore ($28 million) from the Canada Pension Plan Investment Board (CPPIB) as part of its Series I fundraising round. CPPIB has been allocated 50,148 Series I Preference shares at an issue price of Rs 41,283.50 per share by the firm. VerSe … Read more
T-Hub, which leads India’s pioneering innovation ecosystem, today announced that it got selected under the Startup India Seed Fund Scheme by DPIIT, GOI to disburse INR 5 Cr among eligible startups with an objective to support and fuel early stage funding in startups. With an aim to provide value-driven and effective growth for the startups, … Read more
Direct-to-consumer (D2C) brand Jhaji Store, an online pickle store that sells authentic homemade achars, has raised an undisclosed amount from Velocity.in, India’s largest revenue-based financier. This is the first round of external financing Jhaji Store has raised. Founded in March 2021 by the sister-in-law duo – Kalpana and Uma, Jhaji Store is a women-led D2C … Read more
As part of its development aspirations, Fyp, a Gurugram-based neobank for minors, has acquired EdTech startup Edunify. The financial terms of the purchase were not disclosed by the corporation. Edunify, which launched in 2018, is a pan-India school discovery platform with 1.2 lakh schools in 725 cities, assisting parents in finding, shortlisting, and applying to … Read more
Jhaji Store, a direct-to-consumer (D2C) company that sells authentic handcrafted achars online, has raised an unknown sum from Velocity.in, India’s largest revenue-based funder. Jhaji Store has raised its first round of external funding. Jhaji Store is a women-led D2C firm that offers traditional homemade pickles from Darbhanga district in Bihar through their eCommerce store. It … Read more
