Purplle, an online marketplace for beauty and grooming items, has raised Rs 257.43 crore (about $38 million) in an extended Series D round led by Sequoia Capital and others. Kedaara Capital and Premji Invest were among the investors in this round, which garnered $106.7 million for the Mumbai-based company. The news was initially reported by … Read more
Bengaluru-based short-video app Chingari on Monday announced the closing of $15 million in Series A extension round. The funding will be used to improve technology, create new services, and expand the tech staff, according to the site. The app’s live-streaming, socio-commerce, and voice chat functions will be available soon. Since April 2021, Chingari has seen … Read more
Heaps Health Solutions, an AI-driven healthtech B2B SaaS platform, secured Rs 550 million in a Series A round from high-net-worth individuals and family offices on Monday. The Rajiv Dadlani Group and Mumbai-based NVS Wealth Managers, founded by Nalin Shah and Jesal Shah, led the round. The worldwide healthtech platform and SaaS provider, founded by Dr … Read more
ORAI, a conversational AI platform, has raised INR 6.5 crore in a Pre-Series A round headed by Inflection Point Ventures, one of India’s most well-known angel investment platforms. ORAI is solving a major problem by providing 100 percent AI-powered automation with all advanced capabilities in a single bot that handles all customer care, customer outreach, … Read more
As part of the investment promotion activities for the Vibrant Gujarat Summit 2022, Reliance Industries Limited (RIL) inked an MoU with the Gujarat government for a total investment of Rs 5.955 lakh crore ($80 billion). These initiatives will generate a total of 10 lakh direct and indirect jobs in the state. As part of the … Read more
A fresh round of fundraising headed by Brighton Park Capital has raised $50 million for TheMathCompany, a data analytics and data engineering startup. This round was also attended by Arihant Patni. TheMathCompany received financial advice from Avendus Capital and legal advice from Shardul Amarchand Mangaldas & Company. TheMathCompany is a data science, data engineering, and … Read more
Praan, a California and Mumbai-based firm, has announced a $1.56 million investment round headed by Social Impact Capital, with participation from Better Capital, Paradigm Shift Capital, and Avaana Capital, as well as Texas-based Quality of Life Investments (Angel Syndicate) Praan was founded in 2017 by Angad Daryani with the goal of helping people breathe healthier … Read more
Refyne, a Bengaluru-based supplier of earned wage access (EWA) solutions, has raised $82 million in a Series B round of funding headed by Tiger Global Management. The company, which was created in 2020 by Chitresh and Apoorv Kumar, operates on a Business-to-Business-to-Consumer (B2B2C) model, in which a corporation provides a service to its employees as … Read more
Novo, the powerfully simple small business banking platform, today announced that the company has raised $90 million in Series B funding at a $700 million valuation. Stripes led the round, with continued participation from existing investors Valar Ventures, Crosslink Capital, Rainfall Ventures, and BoxGroup. This latest round brings Novo’s total funding to more than $135 … Read more
Lemme Be, the brave and unapologetic period care brand of young India, has raised INR 5 crores in its seed round. UNI-M Ventures, managed by Gunnwant Vaid and Aniket Gore, Nikhil Vora, the Founder of Sixth Sense Ventures, and Multiply Ventures, to name a few, were among the investors who believed in the brand. The … Read more
BEENEXT, Binny Bansal’s 021 Capital, and current investors Whiteboard Capital, FirstCheque.vc, and Paradigm Shift Capital have all invested $1.2 million in Zeda.io, a Product Management platform. Zeda.io was founded in Bengaluru in January 2021 and registered in Delaware, USA, to fill a vacuum that Co-Founders Prashant Mahajan and Vaibhav Devpura recognised after building and scaling … Read more
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
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 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
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, 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
