Entreprenuernewsnetwork

Blitz Raises ₹51 Crore in Series A Funding to Revolutionize Quick Commerce Logistics

Blitz, a leading quick commerce (q-com) logistics enabler, has raised ₹51 crore in a Series A funding round led by IvyCap Ventures. The round also saw participation from India Quotient, Alteria Capital, and renowned angel investors, including: Ramesh Bafna (Zepto) Siddharth Jain (Snitch) Vinit Gautam (Bestseller CEO) Amitabh Suri (CEO, Arvind Fashion) This funding will … Read more

Doodhvale Farms Secures $3 Million in Series A Funding to Accelerate Growth

Doodhvale Farms, a Delhi-based Direct-to-Consumer (D2C) dairy and daily essentials startup, has successfully raised $3 million in a Series A funding round co-led by Atomic Capital and Singularity Early Opportunities Fund. Other key participants in the funding round included Bharat Founders Fund, Indigram Labs Foundation, and prominent angel investors such as Ramakant Sharma, Ankit Tandon, … Read more

PeLocal Raises $2 Million in Seed Funding to Expand WhatsApp Payment Solutions and Accelerate Growth

PeLocal, a Chennai-based payment solutions provider on WhatsApp, has successfully raised $2 million in seed funding, led by Unicorn India Ventures. This funding will be used to enhance and expand the platform, as well as to accelerate go-to-market strategies for the rollout of large-scale projects. Over the past year, PeLocal has experienced significant growth, increasing … Read more

HealthKart Raises $153 Million in Secondary Funding, Announces First Employee ESOP Buyback

HealthKart, the parent company of popular nutrition and fitness brands MuscleBlaze and HKVitals, has successfully raised $153 million in a secondary funding round. The round was led by ChrysCapital and Motilal Oswal Alternates, with participation from Neo Group and existing investor A91 Partners. Avendus Capital acted as the exclusive financial advisor for this transaction. In … Read more

Matrix Geo Solutions Raises $1 Million in Pre-IPO Round, Set to Launch SME IPO

Matrix Geo Solutions Ltd., a leading geospatial technology company specializing in drone and space tech, has successfully raised nearly $1 million in its pre-IPO funding round. The round attracted prominent investors, including Chittorgarh Infotech Limited, Viney Equity Markets LLP, and Tryrock Capital Trust AIF, among others. IntelliFin Private Limited (www.ipoplatform.com) served as the sole investment … Read more

Good Glamm Group Completes Full Acquisition of The Moms Co., Expands Internationally and Prepares for IPO by 2025

The Good Glamm Group has successfully completed the full acquisition of The Moms Co., following the company’s recent announcements of its Sirona transaction and increased shareholdings in its portfolio brands, Organic Harvest and Winkl. Back in October 2021, the Good Glamm Group acquired a majority stake in The Moms Co. through a combination of cash … Read more

MakeMyTrip to Acquire Happay Expense Management Platform from CRED

Happay, a leading provider of corporate expense management solutions, specializes in managing employee travel and tax benefits for businesses. The company offers tailored solutions for large enterprises with multiple branches, as well as surface logistics companies. Under a new agreement, Happay’s brand, expense management services, and dedicated team will transition to MakeMyTrip. The deal is … Read more

Vecmocon Technologies Raises $10 Million in Series A Round to Drive EV Innovation

Delhi-based vehicle intelligence startup Vecmocon Technologies has successfully secured $10 million in the first phase of its Series A funding round. The round, led by Ecosystem Integrity Fund (EIF), saw participation from Blume Ventures and British International Investment (BII). This new investment follows a $5.2 million pre-Series A round in October 2022, in which Tiger … Read more

DesignX Secures $1 Million Pre-Series A Funding to Drive Hyper-Automation in Manufacturing

DesignX, a startup focused on digital transformation in the manufacturing sector, has successfully raised $1 million in pre-Series A funding from Piper Serica Angel Fund. This new investment follows a $300,000 equity round in 2021, backed by Modular Capital, Accel, and industry veterans. Founded by engineers Rajat Srivastava and Nishant Srivastava, DesignX is on a … Read more

Neysa Secures $30 Million in Series A Funding to Accelerate AI Innovation

Neysa, a pioneering AI Acceleration Cloud System provider, has successfully raised $30 million in Series A funding, co-led by existing investors NTTVC, Z47 (formerly Matrix Partners India), and Nexus Venture Partners. This latest investment follows Neysa’s earlier $20 million seed round this year, showcasing strong investor confidence in its mission to accelerate generative AI innovation … Read more

Atomic Capital Invests INR 12 Cr in Conscious Chemist

Conscious Chemist, a fast-emerging player in India’s Beauty and Personal Care (BPC) industry, has successfully raised INR 12 Cr. in funding from Atomic Capital. In conjunction with the investment, the brand has appointed Apoorv Gautam, Atomic Capital’s Founder and Managing Partner, to its board of directors. Revolutionizing India’s Beauty and Personal Care Market Committed to … Read more

Happiest Health Acquires The Fuller Life’s B2B Wellness Business

Happiest Health announced the appointment of Arvind Krishnan to lead its Wellness Division as its President & CEO. This comes along with Happiest Health acquiring The Fuller Life to expand its corporate wellness offerings. This business will be available to customers under the HappiZest brand name. This acquisition will help Happiest Health strengthen its offerings … Read more

PickMyWork Secures Funding for Financial Inclusion in Tier 2 & 3 Cities

PickMyWork, a leading platform leveraging gig workers to improve the reach of financial services, has announced the successful completion of its latest funding round. The funding will be used to accelerate the company’s mission to enhance financial services penetration in India’s tier 2 and tier 3 cities. The investment round saw participation from prominent investors, … Read more

Hamdard invests in SIG’s aseptic carton technology

Hamdard Laboratories India (Food division), a company known for its health and wellness products and beverages, has partnered with SIG to leverage its advanced aseptic carton packaging and filling solutions. The fast and flexible filling technology from SIG will help Hamdard meet the evolving consumer needs when it comes to affordability, the right size, long-lasting … Read more

Libas secures Rs 150 crore from IAF Series 5, a fund managed by ICICI Venture

Libas has successfully closed its first external funding round, with an investment of Rupees 150 crore by IAF Series 5, a fund managed by ICICI Venture. Libas has fast-tracked its growth to become a leading force in the online fashion segment, captivating customers with its dynamic product range and innovative digital touchpoints. The latest funding … Read more

Sterlite Power Secures Funding Worth INR 1373 crore from PFC for NKTL Project

Sterlite Power, a leading power transmission company, has successfully achieved financial closure for its Neemrana II Kotputli Transmission Limited (NKTL) project. The project, secured with funding of ₹1,373 crore from Power Finance Corporation (PFC), a Maharatna Public Sector Enterprise, marks a significant step towards strengthening India’s green energy corridor. “We are pleased to conclude the … Read more