CHARGE+ZONE, an electric vehicle (EV) charging firm, has raised $10 million in a bridge financing sponsored by Venture Catalysts. The funds will be used to expand the company’s existing electric vehicle charging network. CHARGE+ZONE, which was founded in 2018, is an EV charging infrastructure startup that specialises in B2B and B2C charging services using smart-grid … Read more
Pocket FM, an audio-focused over-the-top (OTT) service, has secured $22.4 million in a round headed by Lightspeed Venture Partners. The fresh investment also includes the Times Group and Tanglin Ventures. The money will be used to expand the Gurugram-based startup’s operations and establish a larger content creator community, as well as expand its presence across … Read more
Tamatem Games, leading Arabic mobile games publisher, raises $11 Million in Series B funding round led by South Korean video game developer KRAFTON, Inc. The round that was led by KRAFTON, Inc., makers of the phenomenally popular battle royale game PUBG, also saw participation from Venture Souq, Endeavor Catalyst and existing investors. Tamatem has seen … Read more
Learning Matters, a Bengaluru based ed-tech company that uses Artificial Intelligence and voice technology to reinvent teaching and learning has received funding from Lavni Ventures and a group of angel investors. The company will use the capital to accelerate development of its flagship ed-tech solution ‘Tara’ – a virtual voice teacher – as well as … Read more
Satvacart, an online grocery delivery service, has closed a pre-Series A round of funding led by Kuldeep Puri, Shailendra Kumar, Siddhartha Garg, Madhu Sudana Rao Kalagarla, and Sirinivas Kotta. In the following 18 months, the corporation wants to use the capital to build 100 clusters in Mumbai, Bangalore, and Noida. Satvacart is an online grocery company founded in 2014 by Deepika and Rahul that sells 5000 goods using an inventory-driven business strategy. The company is now solely active in Gurgaon, where it operates its own computerised dark stores in densely populated regions. Entreprenuer News Network Bureauentrepreneurnewsnetwork.com
Swiggy, a Bengaluru-based foodtech startup, has announced that it will invest $700 million in its Instamart quick grocery delivery service. Instamart, which began operations in Gurugram and Bengaluru in August 2020, now operates in 18 cities and processes over 1 million orders per week. Swiggy Instamart has added more than one seller-run dark store every … Read more
PayGlocal, a fintech platform, has raised $4.9 million in a Series A fundraising round headed by Sequoia Capital India, with BeeNext, Jitendra Gupta, and Amrish Rau participating. The cash will be used to develop the merchant and partner ecosystem, scale up the product, and hire more people. Prachi Dharani, Rohit Sukhija, and Yogesh Lokhande founded … Read more
Immensitas Private Limited has raised $2.3M in a Pre-Series A1 round co-led by growx ventures, Artha Venture Fund (AVF), and DSP Investment Managers Pvt. Ltd. The round also saw participation from LogX Ventures and Atrium Angels, the ISB alumni sponsored micro VC fund. In July, the company had raised a round from AVF and LogX. … Read more
Premagic, a workflow management platform for photographers, has received a pre-seed fundraising round of INR 2 crore from 300 venture capitalists and angel investors. Premagic, a B2B SAAS product for event photography founded in 2018 by Anup Mohan, Anenth Vishnu, and Mevin Chirayath, helps photographers streamline their workflow and substantially improve the efficacy of client … Read more
ABL Workspaces, a coworking space provider, has raised Rs 15 crore from Ethik Inc, a Canadian company, for expansion. ABL Workspaces, which opened its first location in Delhi-NCR in December 2017, now has nine locations. ABL Workspaces stated in a statement that company has raised Rs 15 crore in a Series A fundraising round from … Read more
Veg Route, a B2C fresh vegetable Agritech supply chain, announced today that it has received $125K in Pre-Seed Funding. The round was headed by Mohan K, CEO & Mr. Jai Kumar, CTO of Ippopay, Prabhu R, Co-Founder of M2P Fintech, and Omar Bin Brek, Founder of UAE-based Fin-Tech Startup Foloosi. Veg Route is assisting farmers … Read more
Artha Venture Fund (AVF), India’s first early-stage micro-VC fund, led a seed round for InstaAstro, a new-age wellness and spiritual services platform that blends the ancient Indian expertise of Astrology, Yoga, Ayurveda, and Meditation. The company aims to upend the online astrology market by catering to tech-savvy millennials with strong spiritual values. InstaAstro is tackling … Read more
Mumbai Angels Network sponsored a $1 million round of funding for D2C firm Jade Forest. In November 2020, the company raised a $250k seed round. The new money will be put toward expanding geographically and entering the ready-to-drink beverage category. Jade Forest is a luxury non-alcoholic beverage brand founded by Shuchir Suri and Punweet Singh … Read more
ZenOnco.io, an oncology healthcare platform, has raised $1.4 million in a seed round led by Enzia Ventures, with Better Capital, Apollo Hospitals, Titan Capital, Dr Arvind Kumar, and other angel investors participating. According to a news statement from ZenOnco.io, the funds will be used to expand the company’s current activities and introduce new products. ZenOnco.io … Read more
Mother Sparsh, a premium ayurvedic and natural newborn and mother care brand, has raised Rs 20 crore in Series A funding from ITC, one of India’s leading private sector corporations with a diverse footprint across different industries. Mother Sparsh has created a comprehensive range of infant and mother care products since its start, utilising the … Read more
Pepperfry founders Ambareesh Murthy and Ashish Shah have invested $1 million in food-tech firm Adonia Hospitality. In the next six months, the funding will be used to open six more eateries. The company was founded by Rupesh Kumar Shah and now has 6 restaurants in its portfolio. It is profitable with an ARR of Rs … Read more
