Entrepreneur News Network

On-Demand Workforce Platform Avenue Growth Raises New Round of Funding

On-demand workforce platform Avenue Growth has just secured a fresh round of funding from India Accelerator, the country’s sole seed accelerator programme and member of the Global Accelerator Network. Other well-known businesses, such as Growth Opportunities Fund, IAES Ventures LLP, and the Ministry of Electronics and Information Technology, participated in the financing round as well … Read more

Nourish You raises $2M in a seed round of funding

Superfood brand Nourish You has raised $2 million as part of its Seed funding round, which also included seasoned investors like Y Janardhana Rao of Triumph Group, Rohit Chennamaneni, co-founder of Darwinbox, Nikhil Kamath, co-founder of Zerodha, Abhijeet Pai, co-founder of Gruhas Proptech, and Abhinay Bollineni, CEO of KIMS Hospitals, among others. With the additional … Read more

Enterprise-class OKR Platform Profit.co Raises $11 Mn Funding

The bridge between a business strategy and successful execution is something that all businesses are focussed on. Yet 60% stumble on this path (according to Gartner) because of gaps in their ability to execute. To support businesses on their journey, Profit.co which is laser focussed on Objectives and Key Results (OKRs) metrics is announcing a $11M funding … Read more

Budget 2023: What industry said on new announcements

Finance Minister Nirmala Sitharaman announced a number of new measures for the tech industry. The measures include assisting digital payments in the country, setting up 100 labs for developing 5G applications, and using the PAN as a common identifier for all digital systems of specific government agencies. How tech industry experts and startups responded to … Read more

Cloud Kitchen start-up Bigspoon and Mouni Roy collaborate to launch a premium pizza brand, The Pizza People

Bigspoon, a leading Cloud Kitchen start-up, in association with its celebrity investor, Mouni Roy today launched a neo-pizza brand, The Pizza People, going live in 15 cities across 35 outlets. The Pizza People is India’s largest Pizza brand launch in a single day as Bigspoon leverages its extensive cloud kitchen network across Tier-1 and Tier-2 cities. The … Read more

Under its incubator program, LenDenClub will invest in six fintech startups

LenDenClub Aplha, the corporate venture capital arm of the peer-to-peer (P2P) lending platform, has welcomed six fintech startups to its Bharat FinTech Program startup incubator. Only six firms were chosen out of more than 150 applicants; these are Finswealth, FlashPay, P2P Bazaar, FinPlay, Upmarket India, and Filit. After the incubation programme is through, the chosen … Read more

Physics Wallah to hire 2500 employees across verticals

Within the first quarter of 2023, Delhi-based Physics Wallah—which became a unicorn last year—plans to hire 2,500 people in various verticals. The announcement comes as several Indian startups and technology companies are cutting off staff in an effort to cut operational costs and turn a profit. Over 60,000 people lost their jobs in January alone, … Read more

Alkem Laboratories invests $50M in biotech startup Enzene Biosciences

Alkem Laboratories subsidiary Enzene Biosciences (Enzene) has raised $50 million from Alkem Laboratories, Eight Roads Ventures, and F-Prime Capital. The company wants to expand in India and the US by using the funds it has raised to enhance production capabilities. Enzene, a company with its headquarters in Pune, has developed fully integrated biotech process development … Read more

Automotive Sourcing Startup CapGrid Raises $ 7 Mn in Series A Round

In its latest round of funding, led by Nexus Venture Partners, CapGrid, a B2B cloud manufacturing startup for precision parts, announced it had raised $ 7 million. Existing investors Axilor and Anicut Capital also participated in the round. In the round, Deepak Jain, a senior partner at Bain and the director of the automotive business … Read more

GEF Capital invests ₹500 cr in e-mobility

Private equity company GEF Capital Partners reported investing more than 500 crore in e-mobility firms Electra EV and Hero Motors Ltd. This is a step in the climate-focused investor’s plan to increase its stakes in India’s climate and sustainability potential. With this, GEF has invested eight times over the last four years. Independent EV powertrain … Read more

Telluris Biotech plans to raise $12 million by March end

Telluris Biotech, a Hyderabad-based company engaged in the manufacturing and supply of crop protection solutions for farmers and growers receives Biochemical Classification it received from the United States Environmental Protection Agency (USEPA). The USEPA is the Agency responsible for the registration of safe and sustainable products in the United States of America, informed Mr Venu … Read more

GENLEAP raises Rs 27Cr in a pre-Series A round

The DNA-based self-discovery and career life cycle management platform from India GENLEAP has announced the successful conclusion of its pre-Series A funding of 27 crores ($3.3 million). The fundraise includes several existing investors, including Mike Holland (former CEO of Embassy REIT), Sanjay Dutt (CEO & MD, Tata Realty and infrastructure), Neeraj Bansal(Co-Head and COO – … Read more

Pratech Brands set to invest in Inaari to promote women’s Health & Wellness

 In a first-of-its-kind partnership, digital-first retailer Pratech Brands has invested in ‘Inaari’, a brand focused on women’s health. An estimated one in five (20%) Indian women suffer from Hormonal Imbalance, if not monitored timely, the condition can have serious health impacts. Inaari focuses on helping women understand their hormonal cycle and encourages them to live … Read more

Studio Sirah Raises $2.6 Mn in Pre-Series A Round

Studio Sirah, a next-gen game studio that builds unique Indian-themed games, announced today that it raised $2.6 million in a Pre-series A round led by Kalaari Capital (an early-stage, technology-focused VC firm), and its seed investor, Lumikai (India’s pioneering gaming, and interactive media focused VC fund). The company plans to utilise the funds to globally … Read more

Enterprise Skilling Platform Disprz Secures Funding

Early-stage technology fund, Silverneedle Ventures announces its investment in a Chennai and Mumbai-headquartered, Enterprise skilling platform, Disprz, that helps global companies right-skill their workforce with an AI-powered learning and skilling suite. The startup has raised an undisclosed sum in a bridge round between Series B & Series C rounds from Silverneedle Ventures & other current … Read more

Women-Focussed Fitness Firm SocialBoat Raises Funds

SocialBoat, a women’s health app, has announced raising an angel round of US$ 200K from Plan B Capital. Other angel investors who have committed to the venture include Abhijit Kane (Co-founder, Postman), Videt Jaiswal (Co-founder, Airblack), Bhuvan Gupta (Co-founder, OfBusiness) and Prateek Sharma (Managing Partner, AheadVC), Neeraj Gupta (Angel Investor) among others. The funds will … Read more

LOTTE to invest INR 450 crores in Havmor Ice Cream to expand production capabilities

LOTTE Confectionary has announced to invest INR 450 crores in Havmor Ice Cream, with an aim to expand its manufacturing prowess. This investment comes four years after LOTTE acquired Havmor Ice Cream for INR1000 crores in December 2017. Havmor Ice Cream is all set to ramp-up its capacity and cater to the growing demand in the … Read more

MeraTractor Secures ₹5Cr. in Pre-Series A Funding

Meratractor, a Pune-based start-up and a ‘Phygital’ marketplace catering to farm mechanization products, has raised INR 5Cr. in Pre-Series A funding, bringing total capital raised to ₹7.25 Cr. post this round. The funding round was led by Mr. Vibhor Sahare, CEO & Co-founder of ANS Commerce and Ex-CEO & Co-founder of Gaadi.com, Real Time Angel … Read more

D2C Dairy Brand Sid’s Farm Raises $1 Mn in Bridge Round

Sid’s Farm, a direct-to-consumer dairy brand, has raised $1 million from its consumers and their recommendations. Being a bootstrapped business that has so far relied on organic development, this first round of funding from its high net worth clients and their recommendations speaks volumes about its brand credibility, unmatched quality, and exceptional customer experience. In … Read more

Female Wellness Startup Salad Raises $270K in Pre-Seed Round

Salad is utilising technology to enable women to close the knowledge gap around their hormones and take the required actions to actively manage their own health and lifestyle. Aruna Chawla, the founder and CEO of Salad, became aware of how little women understand about their own bodies at the beginning of 2020. Salad Condoms were … Read more