A fresh round of fundraising headed by Brighton Park Capital has raised $50 million for TheMathCompany, a data analytics and data engineering startup. This round was also attended by Arihant Patni. TheMathCompany received financial advice from Avendus Capital and legal advice from Shardul Amarchand Mangaldas & Company. TheMathCompany is a data science, data engineering, and … Read more
Praan, a California and Mumbai-based firm, has announced a $1.56 million investment round headed by Social Impact Capital, with participation from Better Capital, Paradigm Shift Capital, and Avaana Capital, as well as Texas-based Quality of Life Investments (Angel Syndicate) Praan was founded in 2017 by Angad Daryani with the goal of helping people breathe healthier … Read more
Refyne, a Bengaluru-based supplier of earned wage access (EWA) solutions, has raised $82 million in a Series B round of funding headed by Tiger Global Management. The company, which was created in 2020 by Chitresh and Apoorv Kumar, operates on a Business-to-Business-to-Consumer (B2B2C) model, in which a corporation provides a service to its employees as … Read more
Novo, the powerfully simple small business banking platform, today announced that the company has raised $90 million in Series B funding at a $700 million valuation. Stripes led the round, with continued participation from existing investors Valar Ventures, Crosslink Capital, Rainfall Ventures, and BoxGroup. This latest round brings Novo’s total funding to more than $135 … Read more
Lemme Be, the brave and unapologetic period care brand of young India, has raised INR 5 crores in its seed round. UNI-M Ventures, managed by Gunnwant Vaid and Aniket Gore, Nikhil Vora, the Founder of Sixth Sense Ventures, and Multiply Ventures, to name a few, were among the investors who believed in the brand. The … Read more
BEENEXT, Binny Bansal’s 021 Capital, and current investors Whiteboard Capital, FirstCheque.vc, and Paradigm Shift Capital have all invested $1.2 million in Zeda.io, a Product Management platform. Zeda.io was founded in Bengaluru in January 2021 and registered in Delaware, USA, to fill a vacuum that Co-Founders Prashant Mahajan and Vaibhav Devpura recognised after building and scaling … Read more
Crib, an upcoming SaaS-based marketplace for co-living, has raised $400,000 in its pre-seed round led by Pranay Gupta (Co-founder, 91Springboard) through his AngelList syndicate 91Ventures. The round also saw participation from BlackSoil Capital along with marquee angels from Faad Network. Other notable angel investors are Shashwat Nakrani (Co-founder, BharatPe), Jasminder Singh Gulati (Co-founder, Nowfloats, acquired by Jio), Ajay Yadav (Founder, Roomi), Sarath Sura (Ex-Director, Allahabad Bank), Abdul Paravengal (ex-CBO, Shipper), Rahul Jindal (Director, Google), Uday … Read more
Recykal, a Hyderabad-based business-to-business (B2B) waste management and recycling marketplace, has raised $22 million in funding from Morgan Stanley India. Abhay Deshpande, a serial entrepreneur who launched ecommerce platform Malamall in 1998 and ecommerce enablement SaaS platform Martjack in 2007, founded Recykal in 2016. Capillary Technologies later purchased Martjack. Anirudha Jalan, Abhishek Deshpande, Ekta Narain, … Read more
DMI Finance Private Limited (DMI Finance) announced the completion of a $47 million equity investment round on Tuesday, including Sumitomo Mitsui Trust Bank Limited as a new investor. Established in 1925, SuMi Trust Bank is Japan’s largest trust bank with JPY 224 trillion (~USD 1.95 trillion) of custody assets and JPY 87 trillion (~USD 760 … Read more
The ePlane Company, a Chennai-based electric aircraft startup, has raised $5 million in a Pre-Series A round of funding led by Speciale Invest and Micelio, with the goal of making intra-city transportation more affordable and environmentally beneficial. Professor Satya Chakravarthy and Pranjal Mehta nurtured the ePlane Company, which was created in 2017 and has already … Read more
Power Gummies, a nutraceutical company, has raised $6 million in Series A funding headed by 9Unicorns, with Vcats, DSG Consumer Partners, WIPRO Consumers, Sharpp Ventures (Marico Family Office), and NB Ventures also participating. The firm, situated in New Delhi, was founded in November 2018 with the sole purpose of providing health and wellness solutions to … Read more
Hyderabad-based BikeWo, one of the fastest-growing EV two-wheeler smart hub networks in India, has announced a partnership with celebrated legendary Tollywood actor Venkatesh Daggubati. As a part of the collaboration, Venkatesh Daggubati has now become a strategic investor in the company with an undisclosed amount of investment, and has also been appointed as BikeWo’s lead … Read more
Punjab-based beverage startup Lahori has raised $15 million funding from Belgium-based consumer focused investor Verlinvest for an undisclosed minority stake. Lahori will use the funds to double down on its brand’s growth through offline & online expansion and will also enhance the national presence of the brand in retail chains. The fresh fund will also be … Read more
ReNew Power has secured USD 400 million from international debt investors, making it the country’s second bond issue after Reliance Industries’ USD 4 billion issuance. Clean Energy Holdings, a wholly-owned subsidiary of Renew Energy Global Plc, which is the parent of the operating firm ReNew Power, raised the funds, according to the renewable energy firm. … Read more
Lulu Group, a retail conglomerate based in the United Arab Emirates, announced on Thursday that it will invest $200 million in Jammu and Kashmir to build a food processing and logistics hub. In this regard, the Lulu group inked a memorandum of understanding (MoU) with the Jammu and Kashmir government, according to a statement from … 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
