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B2B Startups

Crib Raises USD 400,000 in its Pre-seed Round to Build the Super Co-living App

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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

Morgan Stanley leads $22M round in Indian Waste Firm Recykal

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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 raises $47M equity investment round

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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

Electric aircraft startup The ePlane Company raises $5M In Pre-Series A round

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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 raises $6M In Series A Funding

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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

Actor Venkatesh Daggubati Joins Hands with BikeWo as Strategic Investor and Brand Ambassador

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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

Beverage Brand Lahori Secures USD 15 Million Series A Funding from Verlinvest

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funding

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 Raises USD 400 Mn Via Dollar Bonds

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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

UAE-based Lulu Group Plans To Invest Inr 200 Cr In Jammu And Kashmir To Set Up Food Processing And Logistic Hub

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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 Private Limited Raises $1M In Debt Funding

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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

B2B fintech startup Rupifi raises $25M

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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 raises $13.35M In Series A Funding

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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

Dunzo secures $240 mn funding led by Reliance Retail

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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

Mainstreet, One Impression Raises Seed Funding

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Mainstreet Marketplace, a sneaker resale marketplace, has raised an unknown sum in a seed fundraising round. Kunal Shah, founder of Cred, Raj Shamani, entrepreneur, digital content creator, podcaster, and investor, Varun Duggirala, founder of Glitch, Rohan Batra, MD, Cravatex Brands, Prashant Iyer, Rohit Raj, founder of Glitch, Bhavisha Dave, founder of Capsul, and Keshav Hingorani, … Read more

Green Tech Sustainable Packaging Startup Bambrew Raises $2.35M In Pre-Series A Funding

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Bambrew, India’s largest one-stop innovative packaging solution provider as an alternative to single-use plastic, has raised pre-Series-A funding. Blue Ashva Capital and Supack Industries led a $2.35 million investment round. Mumbai Angels and other renowned angel investors took part in the round. The current influx of capital will be used to establish India’s first tech-enabled … Read more

Bombay Shaving Company Raises Rs 160 Cr In Series C funding

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Bombay Shaving Company (BSC), India’s biggest hair removal business, has raised INR 160 crore in a round led by Malabar Investments, an Indian hedge fund. Patni Advisors, Singularity AMC, and other HNIs also took part in the round. This financing included ESOP sales for some of its workers as well as INR 45 crore in … Read more