Univest, a leading wealthtech startup, is reportedly in discussions to secure $16 million (approximately ₹135 crore) in its upcoming Series A funding round. The round is expected to be led by Bertelsmann India Investments (BII), with participation from Innoven Capital through a combination of debt and equity financing. According to sources cited by Economic Times … Read more
Alt Mobility, a leading commercial electric vehicle (EV) leasing and asset management company, has secured ₹83 crore in a Series A funding round led by Eurazeo, a prominent European venture capital and private equity firm. Existing investors, including Shell Ventures, Twynam Earth Fund, and EV2 Ventures, also participated in this funding round. Expanding Fleet and … Read more
Cardless, a leading fintech company specializing in co-branded credit card solutions, has announced a successful $30 million growth investment round. The round was spearheaded by Activant Capital and featured participation from prominent investors like Mischief (co-founded by Plaid’s Zach Perret), Industry Ventures, Thayer Ventures, Assurant, and Amex Ventures. This brings Cardless’ total equity funding to … Read more
Sirona Medical, a leader in cloud-native radiology workflow software, has secured $42 million in Series C financing, combining equity and converted debt. The funding round was led by Avidity Partners, with continued support from existing investors like 8VC and GreatPoint Ventures. Strengthening Commitment to Cloud-Native Radiology Innovation This financing highlights investor confidence in Sirona’s revolutionary … Read more
D2C mom and baby care brand, All Things Baby, has successfully raised ₹30 crore in its Series A funding round. The investment was led by Inoventures and family office director Richa Choksi, marking a significant milestone in the brand’s growth journey. Expanding Product Lines and Premium Offerings Co-founder Tejal Bajla highlighted that the newly raised … Read more
Ikin Global, a leading IoT smart lock brand based in Mumbai, India, has successfully raised $1 million in its Pre-Series A funding round. The round was led by prominent investors Unicorn India Ventures and Callapina Capital, with continued support from existing stakeholders. Funding to Drive Innovation and Expansion The newly secured funds will fuel Ikin … Read more
Lab-grown diamond startup True Diamond has successfully raised $1 million in its seed funding round. The round was led by Titan Capital, Huddle Ventures, and Zeropearl Ventures, with contributions from notable investors such as Ashutosh Valani, Priyank Shah, Aashka Goradia Goble, Mamaearth founder Ghazal Alagh, Abhishek Goyal, and Anmol Jain. Strategic Utilization of Funds According … Read more
Bengaluru-based crypto investment platform BitSave has successfully raised an undisclosed amount in its pre-Series A funding round, led by venture capital firm Leo Capital. The fresh capital will support BitSave’s efforts to secure regulatory licenses, enhance its product offerings, and boost brand awareness, positioning the company for rapid growth in the crypto investment space. Focus … Read more
Indore-based Candytoy Corporate (CTC), a leading manufacturer of plastic promotional toys and confectionery, has successfully raised ₹110 crore in its Series A funding round. This round was backed by a diverse group of domestic investors, high-net-worth individuals (HNIs), angel investors, and institutional stakeholders, underscoring strong market confidence in the brand’s growth potential. Strengthening Manufacturing Capabilities … Read more
Beyond Appliances, an innovative smart kitchen appliance brand, has successfully raised $2 million in seed funding. The round was led by Fireside Venture Investment Fund III with additional support from Dharana Capital and prominent angel investors, including Shezan Bhojani (Design Cafe), Saurabh Jain and Ramakant Sharma (Livspace), and Chandru Kalro, former CEO of TTK Prestige. … Read more
Mobile-first credit card startup OneCard is set to raise ₹239.4 crore ($28.5 million) from prominent investors, including Better Tomorrow Ventures, Peak XV Partners (formerly Sequoia Capital), and Z47 (formerly Matrix Partners). This marks the company’s first equity investment of 2024, following a debt funding round earlier in January. Key Details of the Funding Round According … Read more
Solarworld Energy Solutions has successfully raised approximately ₹110 crore in a pre-IPO funding round. Key investors include ValueQuest Investment Advisors, along with several prominent funds and individual backers. This strategic funding has allowed the company to scale back its planned Initial Public Offering (IPO) from ₹550 crore to ₹440 crore. Key Details of the Pre-IPO … Read more
MediSun Energy, a leader in advanced osmotic (blue) energy technology, has successfully raised $8.75 million in seed financing and entered a strategic partnership with Southeast Asian venture capital firm Vynn Capital. This funding round, comprising $5 million in venture debt and $3.75 million in equity financing, boosts MediSun’s valuation to $44 million. Key Investors and … Read more
Sealmatic India Ltd (BSE: 543782) has announced a significant investment of ₹25 crores from Aegis Investment Fund PCC Niveza through a preferential allotment. This involves the issuance of 393,000 equity shares at ₹636 per share, including a premium of ₹626 per share. This funding marks a crucial milestone for Sealmatic as it accelerates its global … Read more
Ukhi, a pioneering biomaterials startup specializing in sustainable, biodegradable packaging, has secured $1.2 million in a pre-seed funding round. The investment was led by 100Unicorns, with participation from Venture Catalysts, angel investor Avtar Monga, and debt financing from the Small Industries Development Bank of India (SIDBI). Funding to Fuel Growth and Innovation This new capital … Read more
Wardwizard Innovations & Mobility Limited, a leading Indian electric vehicle manufacturer under the brands Joy e-bike and Joy e-rik, has signed a Memorandum of Understanding (MoU) with Ampvolts Limited (formerly Quest Softech). This strategic collaboration aims to strengthen green mobility solutions by developing a robust EV charging infrastructure in India and beyond. Accelerating Green Mobility … Read more
In a significant leadership shift, Flipkart co-founder Binny Bansal has stepped down from the PhonePe board, according to recent media reports. Following Bansal’s resignation, Manish Sabharwal, Vice-Chairman of TeamLease Services, has been appointed as an Independent Director and Chair of the company’s Audit Committee. Strengthening Financial Governance and Strategic Oversight Manish Sabharwal’s appointment is set … Read more
Lightning AI, creator of the popular PyTorch Lightning framework, has announced a $50 million equity investment from industry giants including Cisco Investments, J.P. Morgan, K5 Global, and NVIDIA. This brings the company’s total funding to an impressive $103 million. Rapid Growth and Adoption Since its launch just 12 months ago, Lightning AI has achieved remarkable … Read more
Z SUPPLY, a fashion house synonymous with simplicity, comfort, and effortless style, continues its impactful Black Friday/Cyber Monday tradition. For the fourth consecutive year, the company will donate $300,000 from online sales at ZSUPPLY.com to the Z SUPPLY Foundation. This generous contribution brings the Foundation’s total funds raised to an incredible $1.2 million since its … Read more
Flipkart Group has announced the appointment of Dan Bartlett, Executive Vice President of Corporate Affairs at Walmart Inc., to its board of directors. This strategic addition follows the recent appointment of Lydia Jett, former SoftBank Managing Partner, further strengthening Flipkart’s leadership team. Dan Bartlett’s Extensive Expertise As Walmart’s corporate affairs leader, Bartlett brings a wealth … Read more
