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FUNDING

One Electric Motorcycles and ALT Mobility Join Hands to Deploy the First Batch of 50,000 Vehicles for B2B Logistics

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ALT Mobility – a market leader in the leasing of electric commercial vehicles, has partnered with One Electric to provide high-quality and durable electric motorcycles for its last-mile delivery partners. Breaking the convention of investing in low-cost assets, ALT Mobility has evaluated and onboarded One Electric’s “Kridn” motorcycle to their leasing portfolio, positioned as a premium high-speed … Read more

Jaipur Watch Company Raises their First Strategic Fund Round

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Jaipur Watch Company, a luxury custom-built watch brand, has raised their first strategic fund round with participation from investors Ankur Mishra (Director – Central Academy Jodhpur Education Society), Tushar Kapoor (Director – Kapsons), Dexter Angels and Marwari Catalysts. The Founder of Jaipur Watch Company, Gaurav Mehta was very fond of watches and collected coins as … Read more

D2C Startup Good Health Company (GHC) Raises $10 Mn in Series A Funding

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D2C health-tech startup Good Health Company (GHC) which is based in Hyderabad has raised USD 10 million in Series A funding led by Left Lane Capital. Existing investors such as Khosla Ventures, Quiet Capital, and Weekend Fund also participated in this round. With a focus on raising awareness about health and wellness, the startup provides … Read more

DeepTech EV Solutions company Vecmocon raises $5.2M in Funding

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DeepTech EV Solutions company Vecmocon has raised $5.2M in funding from Tiger Global, Blume Ventures and prominent strategic angels. The company is based out of Delhi and had previously raised $300k and was also incubated at IIT Delhi & ISB. Vecmocon aims to utilise this fundraise to invest into team building, business expansion, scaling up … Read more

Agri-Bio Startup, BioPrime Agrisolutions, Raises INR 9 Cr in Pre-Series A Funding

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Tech-focused VC fund, Inflexor Ventures, leads the Pre-Series A round of INR 9 Crore in Agbiotech startup, BioPrime Agrisolutions (BioPrime).The current round of funding also saw participation from its existing investor, Omnivore. Inflexor has invested in 10 companies so far since November 2020, from its Fund II, companies including Atomberg, GramCover and Kale Logistics. The company … Read more

Flickstree Raises $5 Mn in its Pre-Series B funding round

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Flickstree, a content and marketing technology startup secured investment led by Venture Catalysts Group, India’s first incubator and largest accelerator for startups and 9 Unicorns, in its pre-series B round of funding. Flickstree is a content led video commerce platform that enables transactions for their brand partners, leveraging in house video content, created using patented … Read more

Chiratae Ventures Leads $3 Mn Funding Round in Artium Academy

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Artium Academy, an online music learning and community platform that powers tech-led, performance-based learning and engagement has raised $3.0 million from Chiratae Ventures, amongst the earliest tech-focused venture capital firms in the Indian ecosystem Other early-stage investors like Anicut Capital, Jet Synthesis and Whiteboard Capital as well as several high-profile entrepreneurs like Madhusudhan R (Co-founder, … Read more

Vanity Wagon raises $2 million in series A funding

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Agility Ventures Partners and Lotus Herbals Pvt Ltd led a $2 million pre-Series A fundraising on Friday, according to Vanity Wagon, a clean beauty marketplace. With further funding from Venture Catalysts, Inflection Point Ventures, and a few high-net-worth individuals (HNIs), the Delhi-based cosmetics company’s valuation increased to $8 million. Vanity Wagon is to use these … Read more

HRTech Startup HROne Raises $4 Million In Series A Funding

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HRTech SaaS Startup HROne has raised $4 million in a Series A round led by Insitor Partners and participation from Prudent Investment Managers. Mumbai-based investment bank Radix Capital Advisors acted as exclusive financial advisors to the company. Founded in 2016 by Karan Jain, HROne is on a mission to use HRTech to improve the quality … Read more

Quess Corp to divest its stake in Simpliance

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Quess Corp Ltd, India’s leading business services provider, announced today that it has entered into definitive agreements to divest its stake in the digital risk and compliance services company, Simpliance Technologies Private Limited  to Aparajitha Corporate Services , a leading HR compliance services company and its affiliates. The deal is valued at an Enterprise Value … Read more

LawSikho announces 500 scholarships for persons with disability

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Gurugram-based legal edtech company LawSikho has announced 100 percent scholarships for 500 persons with disabilities (PWD). The candidates who complete the courses successfully will be co-certified by National Skill Development Corporation (NSDC). Law graduates and law students will take an online admission test to decide who is eligible for the scholarships, which will cover LawSikho’s … Read more

BimaKavach Raises Seed Funding of USD 2M Led by WaterBridge Ventures

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Indore-based BimaKavach, a business InsurTechstartup, has raised $2m in seed funding led by WaterBridge Ventures, along with Blume Ventures, Arali Ventures and Eximius Ventures. The company aims to utilise these funds for designing new-age business risk covers, investing in its proprietary risk management technology and scaling business and teams. Tejas Jain, Founder, BimaKavach said, “In India, nearly 95 … Read more

3D reconstruction platform Preimage raises $1.7 million in a seed round

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Preimage, a cloud-based 3D reconstruction tool, has announced that it has raised USD 1.7 million in a seed round from eminent angel investors including pi Ventures, Better Capital, Java Capital, and others. Preimage’s AI-first technology builds lifelike 3D digital clones of settings and assets using pictures as input. Preimage, a company founded by IIT graduates … Read more

The Mental and Emotional Healthcare startup LISSUN raises ~$1 Mn in Pre-Seed round

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Lissun, a full-stack solution for mental and emotional healthcare, has announced the closing of their ~$ 1 Mn Pre SEED fundraise round. The round led by IvyCap Ventures witnessed participation from syndicates like We Founder Circle and Supermorpheous, along with marquee angel investors like Gaurav Munjal (Co-Founder and CEO at Unacademy), Harsh Jain (COO, Groww), … Read more

Mahindra Logistics acquires Rivigo’s B2B express biz

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Mahindra Logistics Ltd. (MLL) and Rivigo Services Private Limited (RSPL) announced that they had reached agreement for purchase of RSPL’s B2B express business by MLL. Under the terms of the agreement, MLL will acquire the express business through a Business Transfer Agreement (BTA), including the customers, team and assets of RPSL’s B2B express business, RSPL’s … Read more

Molbio Diagnostics raises $85 mn from Temasek

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The Goa-based diagnostics chain Molbio Diagnostics Pvt. Ltd. has received an investment of $85 million (about 680 crore) from the Singaporean investment company Temasek. Truenat, a platform that uses PCR technology to detect at least 22 infectious diseases including tuberculosis, swine flu, dengue, and HIV, is developed and marketed by Molbio and subsidiary Bigtec Labs. … Read more