Happay, a leading provider of corporate expense management solutions, specializes in managing employee travel and tax benefits for businesses. The company offers tailored solutions for large enterprises with multiple branches, as well as surface logistics companies. Under a new agreement, Happay’s brand, expense management services, and dedicated team will transition to MakeMyTrip. The deal is … Read more
Delhi-based vehicle intelligence startup Vecmocon Technologies has successfully secured $10 million in the first phase of its Series A funding round. The round, led by Ecosystem Integrity Fund (EIF), saw participation from Blume Ventures and British International Investment (BII). This new investment follows a $5.2 million pre-Series A round in October 2022, in which Tiger … Read more
DesignX, a startup focused on digital transformation in the manufacturing sector, has successfully raised $1 million in pre-Series A funding from Piper Serica Angel Fund. This new investment follows a $300,000 equity round in 2021, backed by Modular Capital, Accel, and industry veterans. Founded by engineers Rajat Srivastava and Nishant Srivastava, DesignX is on a … Read more
Neysa, a pioneering AI Acceleration Cloud System provider, has successfully raised $30 million in Series A funding, co-led by existing investors NTTVC, Z47 (formerly Matrix Partners India), and Nexus Venture Partners. This latest investment follows Neysa’s earlier $20 million seed round this year, showcasing strong investor confidence in its mission to accelerate generative AI innovation … Read more
Conscious Chemist, a fast-emerging player in India’s Beauty and Personal Care (BPC) industry, has successfully raised INR 12 Cr. in funding from Atomic Capital. In conjunction with the investment, the brand has appointed Apoorv Gautam, Atomic Capital’s Founder and Managing Partner, to its board of directors. Revolutionizing India’s Beauty and Personal Care Market Committed to … Read more
Happiest Health announced the appointment of Arvind Krishnan to lead its Wellness Division as its President & CEO. This comes along with Happiest Health acquiring The Fuller Life to expand its corporate wellness offerings. This business will be available to customers under the HappiZest brand name. This acquisition will help Happiest Health strengthen its offerings … Read more
PickMyWork, a leading platform leveraging gig workers to improve the reach of financial services, has announced the successful completion of its latest funding round. The funding will be used to accelerate the company’s mission to enhance financial services penetration in India’s tier 2 and tier 3 cities. The investment round saw participation from prominent investors, … Read more
Hamdard Laboratories India (Food division), a company known for its health and wellness products and beverages, has partnered with SIG to leverage its advanced aseptic carton packaging and filling solutions. The fast and flexible filling technology from SIG will help Hamdard meet the evolving consumer needs when it comes to affordability, the right size, long-lasting … Read more
Libas has successfully closed its first external funding round, with an investment of Rupees 150 crore by IAF Series 5, a fund managed by ICICI Venture. Libas has fast-tracked its growth to become a leading force in the online fashion segment, captivating customers with its dynamic product range and innovative digital touchpoints. The latest funding … Read more
Sterlite Power, a leading power transmission company, has successfully achieved financial closure for its Neemrana II Kotputli Transmission Limited (NKTL) project. The project, secured with funding of ₹1,373 crore from Power Finance Corporation (PFC), a Maharatna Public Sector Enterprise, marks a significant step towards strengthening India’s green energy corridor. “We are pleased to conclude the … Read more
ProsParity, a fintech platform that is reimagining the distribution of credit in the electric mobility sector, has raised $2 million pre-seed funding round from global institutional investors such as BEENEXT, Sparrow Capital, All In Capital, DeVC, and Huddle Ventures. Angel investors like Dr Ashish Gupta (Co-founder of Junglee & Helion Ventures), Raj Dugar (Ex-Eight Roads … Read more
International asset management companies Incofin and Maj Invest collectively invest USD 13 million in India’s leading rural financial services conglomerate, SAVE Group. The funding comes from Incofin India Progress Fund and Maj Invest Financial Inclusion Fund III K/s. Established in 2009, SAVE has emerged as a trailblazer in India’s Banking Business Correspondent (BC) Network, serving … Read more
Caret Capital announced the launch of Caret360 Accelerator – a 100-day Outcome-Focused program for Early-Stage Startups. Selected startups will get up to Rs. 3 crore investment as well as deep-engaged mentoring from industry leaders. Additionally, the startups get assisted access to Caret’s community of CXOs from some of the country’s largest corporations. Commenting on the development, Prajakt Raut, … Read more
Sprect, a C2C consulting marketplace, has announced the successful raising of INR 50 lakhs in Angel funding from seasoned industry veteran Siddarth (Sid) Shetty, Chief Business Development Officer at ServiceChannel. This funding will be used to accelerate product development, expand the team, drive marketing efforts, and boost sales. Founded by Mohit Khadaria and Vishal Rupani … Read more
Innovations Venture Studio, a premier investment firm focused on early-stage technology investments, today announced a significant investment in NewsReach, India’s groundbreaking PR distribution platform. The investment will be part of the on-going round led by Zee Media. The capital infusion will allow NewsReach to rapidly scale its proprietary technology, expand its market footprint, and solidify … Read more
Bengaluru-based Parseable has announced a seed funding round of US$2.75 million led by Surge and NP-Hard Ventures, marking its entry into the expanding log analytics market. This investment is poised to drive Parseable’s mission of innovating in handling the surging volumes of log data generated by modern digital businesses. The exponential growth of data worldwide … Read more
