Hyderabad-based BikeWo, one of the fastest-growing EV two-wheeler smart hub networks in India, has announced a partnership with celebrated legendary Tollywood actor Venkatesh Daggubati. As a part of the collaboration, Venkatesh Daggubati has now become a strategic investor in the company with an undisclosed amount of investment, and has also been appointed as BikeWo’s lead … Read more
Punjab-based beverage startup Lahori has raised $15 million funding from Belgium-based consumer focused investor Verlinvest for an undisclosed minority stake. Lahori will use the funds to double down on its brand’s growth through offline & online expansion and will also enhance the national presence of the brand in retail chains. The fresh fund will also be … Read more
ReNew Power has secured USD 400 million from international debt investors, making it the country’s second bond issue after Reliance Industries’ USD 4 billion issuance. Clean Energy Holdings, a wholly-owned subsidiary of Renew Energy Global Plc, which is the parent of the operating firm ReNew Power, raised the funds, according to the renewable energy firm. … Read more
Lulu Group, a retail conglomerate based in the United Arab Emirates, announced on Thursday that it will invest $200 million in Jammu and Kashmir to build a food processing and logistics hub. In this regard, the Lulu group inked a memorandum of understanding (MoU) with the Jammu and Kashmir government, according to a statement from … Read more
FincFriends Pvt.Ltd, an NBFC, has raised $1 million in debt funding from Eclear Leasing & Finance Pvt. Ltd, a major lending NBFC. The company intends to use the financing approved by lenders in tranches for business expansion, growth, and cash flow efficiency. FincFriends has its own lending platform and app, RupeeRedee, which it uses to … Read more
Rupifi, a Bengaluru-based micro, small, and medium-sized business (MSMEs) finance platform, has raised $25 million in a Series A round led by Bessemer Venture Partners and Tiger Global Management. Rupifi was founded by Anubhav Jain, Ankit Singh, and Jawaid Iqbal in 2020, and this is the company’s second financing round in less than nine months, … Read more
Zuddl, a virtual and hybrid events platform based in San Francisco, has raised $13.35 million in a Series A investment headed by Alpha Wave Incubation (AWI) and Qualcomm Ventures. Returning investors GrowX and Waveform Ventures also participated in the round. Zuddle, founded by Bharath Varma and Vedha Sayyaparaju in May 2020, helps businesses create immersive … Read more
Dunzo, India’s leading quick commerce player, has raised US$240M in its latest round of funding. The investment was led by Reliance Retail Ventures Limited (“Reliance Retail”), with participation from existing investors Lightbox, Lightrock, 3L Capital and Alteria Capital. With an investment of US$200M, Reliance Retail will own 25.8% stake on a fully diluted basis. This … Read more
Mainstreet Marketplace, a sneaker resale marketplace, has raised an unknown sum in a seed fundraising round. Kunal Shah, founder of Cred, Raj Shamani, entrepreneur, digital content creator, podcaster, and investor, Varun Duggirala, founder of Glitch, Rohan Batra, MD, Cravatex Brands, Prashant Iyer, Rohit Raj, founder of Glitch, Bhavisha Dave, founder of Capsul, and Keshav Hingorani, … Read more
Bambrew, India’s largest one-stop innovative packaging solution provider as an alternative to single-use plastic, has raised pre-Series-A funding. Blue Ashva Capital and Supack Industries led a $2.35 million investment round. Mumbai Angels and other renowned angel investors took part in the round. The current influx of capital will be used to establish India’s first tech-enabled … Read more
Bombay Shaving Company (BSC), India’s biggest hair removal business, has raised INR 160 crore in a round led by Malabar Investments, an Indian hedge fund. Patni Advisors, Singularity AMC, and other HNIs also took part in the round. This financing included ESOP sales for some of its workers as well as INR 45 crore in … Read more
On the mission to build the largest social live-streaming platform out of India, Bolo Live today announced that it has raised USD 2.4 million as a precursor to Series A, led by Orios Venture Partners. SOSV, Tremis Capital, LPA Ventures, and other HNIs also participated in its first VC round including existing investors Eagle 10 … Read more
Innoviti Payment, an enterprise payments solution provider, has received Rs 80 crore in the first close of its ongoing Series D round, which is a mix of debt and equity. Trifecta Debt Fund, Patni Advisors, and Bessemer Venture Partners participated in the round. This round also included Sanjoy Bhattacharya, Bharat Jaisinghani, and a slew of … Read more
BlackSoil, a new-age, sector-agnostic alternative lending platform, has raised $70 million for its NBFC using non-convertible debentures (NCDs). The funds raised in this round will primarily be used for lending activities, including a variety of loan products, to fund mid- and growth-stage startups in the startup ecosystem. Deep Tech, B2B Tech, Enterprise SaaS, FinTech, HealthTech, … Read more
Moneyboxx Finance Limited (Moneyboxx), a BSE-listed non-banking finance company that provides small-ticket loans to micro and small businesses in Tier-III towns and below, received INR 14.41 crores in equity capital from non-promoter investors through a private placement. Given the large unmet credit gap for micro enterprises, the company has improved its financial position with this … Read more
CASHe, India’s top credit-led, AI-driven financial wellness platform, announced that its Singapore-based holding company, TSLC Pte Ltd, has closed 140 crores in equity fundraising. The recent capital infusion boosts the Mumbai-based fintech company’s balance sheet to over Rs. 800 crores, with roughly Rs. 300 crores in equity and over Rs. 500 crores in debt raised … Read more
