Learning Matters, a Bengaluru based ed-tech company that uses Artificial Intelligence and voice technology to reinvent teaching and learning has received funding from Lavni Ventures and a group of angel investors. The company will use the capital to accelerate development of its flagship ed-tech solution ‘Tara’ – a virtual voice teacher – as well as … Read more
Satvacart, an online grocery delivery service, has closed a pre-Series A round of funding led by Kuldeep Puri, Shailendra Kumar, Siddhartha Garg, Madhu Sudana Rao Kalagarla, and Sirinivas Kotta. In the following 18 months, the corporation wants to use the capital to build 100 clusters in Mumbai, Bangalore, and Noida. Satvacart is an online grocery company founded in 2014 by Deepika and Rahul that sells 5000 goods using an inventory-driven business strategy. The company is now solely active in Gurgaon, where it operates its own computerised dark stores in densely populated regions.
Swiggy, a Bengaluru-based foodtech startup, has announced that it will invest $700 million in its Instamart quick grocery delivery service. Instamart, which began operations in Gurugram and Bengaluru in August 2020, now operates in 18 cities and processes over 1 million orders per week. Swiggy Instamart has added more than one seller-run dark store every … Read more
PayGlocal, a fintech platform, has raised $4.9 million in a Series A fundraising round headed by Sequoia Capital India, with BeeNext, Jitendra Gupta, and Amrish Rau participating. The cash will be used to develop the merchant and partner ecosystem, scale up the product, and hire more people. Prachi Dharani, Rohit Sukhija, and Yogesh Lokhande founded … Read more
Immensitas Private Limited has raised $2.3M in a Pre-Series A1 round co-led by growx ventures, Artha Venture Fund (AVF), and DSP Investment Managers Pvt. Ltd. The round also saw participation from LogX Ventures and Atrium Angels, the ISB alumni sponsored micro VC fund. In July, the company had raised a round from AVF and LogX. … Read more
Premagic, a workflow management platform for photographers, has received a pre-seed fundraising round of INR 2 crore from 300 venture capitalists and angel investors. Premagic, a B2B SAAS product for event photography founded in 2018 by Anup Mohan, Anenth Vishnu, and Mevin Chirayath, helps photographers streamline their workflow and substantially improve the efficacy of client … Read more
ABL Workspaces, a coworking space provider, has raised Rs 15 crore from Ethik Inc, a Canadian company, for expansion. ABL Workspaces, which opened its first location in Delhi-NCR in December 2017, now has nine locations. ABL Workspaces stated in a statement that company has raised Rs 15 crore in a Series A fundraising round from … Read more
Veg Route, a B2C fresh vegetable Agritech supply chain, announced today that it has received $125K in Pre-Seed Funding. The round was headed by Mohan K, CEO & Mr. Jai Kumar, CTO of Ippopay, Prabhu R, Co-Founder of M2P Fintech, and Omar Bin Brek, Founder of UAE-based Fin-Tech Startup Foloosi. Veg Route is assisting farmers … Read more
Artha Venture Fund (AVF), India’s first early-stage micro-VC fund, led a seed round for InstaAstro, a new-age wellness and spiritual services platform that blends the ancient Indian expertise of Astrology, Yoga, Ayurveda, and Meditation. The company aims to upend the online astrology market by catering to tech-savvy millennials with strong spiritual values. InstaAstro is tackling … Read more
Mumbai Angels Network sponsored a $1 million round of funding for D2C firm Jade Forest. In November 2020, the company raised a $250k seed round. The new money will be put toward expanding geographically and entering the ready-to-drink beverage category. Jade Forest is a luxury non-alcoholic beverage brand founded by Shuchir Suri and Punweet Singh … Read more
ZenOnco.io, an oncology healthcare platform, has raised $1.4 million in a seed round led by Enzia Ventures, with Better Capital, Apollo Hospitals, Titan Capital, Dr Arvind Kumar, and other angel investors participating. According to a news statement from ZenOnco.io, the funds will be used to expand the company’s current activities and introduce new products. ZenOnco.io … Read more
Mother Sparsh, a premium ayurvedic and natural newborn and mother care brand, has raised Rs 20 crore in Series A funding from ITC, one of India’s leading private sector corporations with a diverse footprint across different industries. Mother Sparsh has created a comprehensive range of infant and mother care products since its start, utilising the … Read more
Pepperfry founders Ambareesh Murthy and Ashish Shah have invested $1 million in food-tech firm Adonia Hospitality. In the next six months, the funding will be used to open six more eateries. The company was founded by Rupesh Kumar Shah and now has 6 restaurants in its portfolio. It is profitable with an ARR of Rs … Read more
Rebel Foods, the parent company of Faasos, has raised an additional $14.5 million in its Series F round. The company had recently raised $175 million in this round at a valuation of $1.4 billion, making it the first full-stack foodtech company to join the coveted club of unicorns this year. The company, founded by Jaydeep … Read more
Existing investors CDC Group, CX Partners, and OP Finnfund Global Impact Fund I (the first Finnish global developing markets impact fund). Indifi has also secured debt funding worth Rs 165 crore from Vivriti, Northern Arc, SIDBI, and other lenders. Indifi has also been guaranteed Rs 35 crore in finance from the US DFC (United States … Read more
Settl, a technology-driven managed housing platform, has received a $500,000 seed round investment. Settl has already secured 1200 beds across two cities in a little more than a year. It claims to be seeing a 30 percent increase in demand from quarter to quarter. It wants to serve over 3000 clients each month with the … Read more
