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FUNDING

TransBnk, a fintech startup aiming to revolutionize transaction banking in India, secures $1 million in seed funding from 8i Ventures

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Mumbai-based fintech startup, TransBnk, has successfully raised $1 million in seed funding. The funding round was led by 8i Ventures, a prominent early-stage venture capital fund known for its successful investments in the fintech sector, including M2P, Slice, and Easebuzz. Other contributors to the funding round include Growthcap Ventures, Leadway Ventures LLP, Growth Sense, as … Read more

L Catterton (LVMH) Invests $60 Million in Indian Pet Food Brand Drools

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Drools, a renowned Indian pet food brand, has successfully secured funding from consumer growth investor L Catterton (LVMH). The private equity firm’s investment of $60 million represents a 10% stake in Drools, making it one of the most substantial investments in India’s pet care industry to date. This strategic move not only expands L Catterton’s … Read more

Gro Club, India’s First Circular D2C Kids Subscription Platform, Raises INR 4.3 Cr in Funding Led by Ramaiah Evolute

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Gro Club, a direct-to-consumer (D2C) kids subscription platform that operates on the principles of circular economy, has announced securing INR 4.3 crores in funding at a valuation of INR 25 Cr. The funding round was led by Ramaiah Evolute, a startup wing of the MS Ramaiah Group. The funding round also saw participation from an … Read more

Heart Health-AI Firm Tricog Raises $8.5 Mn in Funding

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Tricog, a leading AI firm specializing in heart health, has raised $8.5 million in a Series B2 funding round led by OMRON HEALTHCARE and Sony Innovation Fund, both based in Japan. Existing investors UTEC – The University of Tokyo Edge Capital, Inventus Partners LLP, and SG Innovate also participated in the funding round. This brings … Read more

SolarTech and Financing Platform Aerem Raises $5 Mn Funding

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Aerem, India’s leading SolarTech platform, today announced the funding of $5 million (~ INR 41 crores) in Pre-Series A round led ​​by climate-tech investor Avaana Capital. The round also saw follow-on participation from Blume Ventures and it includes debt financing of $1.5 million from prominent financial institutions. Mumbai-headquartered Aerem will utilize these funds to expand … Read more

Maanaveeya (Oikocredit) provides Moneyboxx with a term loan worth INR 20 crores

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Moneyboxx Finance Limited, a BSE-listed NBFC that focuses on impact financing by providing business loans to micro entrepreneurs in Tier-III cities and below, secured INR 20 crores term loan from Maanaveeya Development & Finance Private Limited (Maanaveeya), an Indian subsidiary of Oikocredit, a 40-year-old Global Development Financing Institution that responds to the needs of businesses … Read more

Gold loan provider Yellow Metal raises $3M from MSA Novo

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Yellow Metal, a lender of gold loans located in Bengaluru, has raised $3 million in a seed investment round headed by MSA Novo, a multi-stage venture capital firm, with participation from Spiral Ventures, a Japanese VC firm, and current investors WaterBridge Ventures and Java Capital. According to the firm, the additional funding will help extend … Read more

Ayurveda-backed Women’s Healthcare Startup Gynoveda Raises $10 Mn in Series A Funding

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Gynoveda, a women’s healthcare firm supported by Ayurveda, has raised $10M in Series A funding, with India Alternatives Fund as the lead investor. Reputable family offices and organisations including Wipro Enterprises, RPG Ventures, Dharampal Satyapal Limited, and Alteria Capital also participated in the round. As a sign of its sustained support for Gynoveda’s mission, previous … Read more

Finsire, a fintech startup based in Chennai, raises $1.3 million in seed funding

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Finsire, a Fintech company specialising in lending infrastructure and asset collateralization API, reported that it has received $1.3M in seed funding from strategic investors. Finsire builds lending enablement services by permitting digital assets to be taken as collateral. The solution allows Banks, NBFCs, fintechs, credit requirement distribution, and depositaries to maximise their lending capabilities. The … Read more

Jumbotail raises Rs 75 crore in debt led by Alteria Capital and Innoven

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Jumbotail, a B2B marketplace business based in Bangalore, has secured debt financing of Rs 75 crore from Alteria Capital and Innoven Capital. The business intends to use the money in developing deep sourcing skills and AI-driven technologies to increase client wallet share, boost net sales by 100%, and reach operational profitability in the following 12 … Read more

Healthtech startup LifeSigns raises funding from Dr. SP Ganesan and others

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LS Devices Pvt. Ltd.’s LifeSigns iMS, a health tech firm based in Chennai, has raised an undisclosed sum in a pre-Series A fundraising round to build a digital wireless patient monitoring solution platform for ambulatory, inpatient, and home care settings. A well-known pathologist from Chennai with more than 40 years of experience, Dr. SP Ganesan, … Read more

Beej Network to invest 24 crores in 24 Early stage startups in 2023

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Beej network, an angel Investing firm, announced its plan to invest 24 cr (over $3 Mn) in 24 early-stage startups by the end of this year 2023. The Network provides financial aid to qualified startups through integrated resources. This in turn fills the gap in the financial early-stage funding ecosystem. The co-founders Nikhil Jain, Nikhil … Read more

Trucking Marketplace RAAHO Raises Rs.20 Cr In Pre-Series A Funding

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Raaho, India’s leading Digital Freight Network, has secured funding worth INR 20 crore in extension to the Pre-Series A round at a valuation of 4X over the last year. The round was led by Inflection Point Ventures (IPV), Roots Ventures, Blume Founders Fund and prominent Angels like Vijay Shekhar Sharma , Kunal Shah, K Krishna … Read more

Biotech Company OmniBRx Raises INR 30 Cr in Series A Funding

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Bioprocess engineering firm OmniBRx announces a Series A equity fundraising from SIDBI Venture Capital Limited for 30 crore inr. Commenting on the occasion, Ravindra Patel, founder and CEO of OmniBRx Biotechnologies said “We are thankful to the team at SVCL for believing in our vision and backing us on our expansion plans”. He further added that … Read more

SimpleViralGames Raises Rs 4 Cr in Pre-Seed Funding

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Simple Viral Games, also known as SVG, a platform for ultra-casual mobile gaming, revealed today that it had raised Rs 4 Cr (about $500,000) in a pre-seed round headed by WEH Ventures. Eximius Ventures, PointOne Capital, Force Ventures, and a few angel investors, including Ankit Agrawal (Founder and CEO of InsuranceDekho), Prashant Sachan, also participated … Read more

Conversational AI for Hospitals Voiceoc Raises INR 3 Cr Funding

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Voiceoc, a conversational AI solution for hospitals, has raised INR 3 Cr funding from BioAngels, powered by IAN, bringing DeepTech to India’s hospital ecosystem. The round also saw participation from SucSEED Indovation. With this investment, the company will expand its team and is keen to onboard talent in tech, sales and marketing divisions. Voiceoc also intends to … Read more