Gro Club, a direct-to-consumer (D2C) kids subscription platform that operates on the principles of circular economy, has announced securing INR 4.3 crores in funding at a valuation of INR 25 Cr. The funding round was led by Ramaiah Evolute, a startup wing of the MS Ramaiah Group. The funding round also saw participation from an … Read more
Tricog, a leading AI firm specializing in heart health, has raised $8.5 million in a Series B2 funding round led by OMRON HEALTHCARE and Sony Innovation Fund, both based in Japan. Existing investors UTEC – The University of Tokyo Edge Capital, Inventus Partners LLP, and SG Innovate also participated in the funding round. This brings … Read more
As Earth Day approaches, it’s important to consider how our everyday choices can impact the environment. One area that often gets overlooked even when we make Sustainable switches is our smartphones. With their short lifespan and constant need for charging, smartphones can contribute to electronic waste and energy consumption. However, there are sustainable smartphones available in the … Read more
Trala, the innovative online music school, is excited to announce the closing of its $8M Series A funding round, led by Seven Seven Six, with participation from Lachy Groom Fund, Altman Capital, Next Play Ventures, and Concrete Rose Ventures. This latest investment brings Trala’s total funding to $15M, supporting its mission to make world-class music education accessible to … Read more
AI-powered commercial auto insurance company Fairmatic today announced it has raised $46 million in new funding, six months after its oversubscribed Series A, bringing its total financing to $88 million. Battery Ventures led the round with participation from current investors and Bridge Bank. Fairmatic is creating a new commercial auto insurance category with its AI-driven underwriting approach that unlocks continuous savings … Read more
Revolv, a full-service provider of electric medium-to-heavy commercial fleets, today announced it has closed a $15 million Series A funding round led by an affiliated fund of Greenbacker Capital Management LLC (“Greenbacker”), which provides growth capital and best-in-class guidance for growth-stage clean energy companies. With the investment, Revolv will expand its operations across North America to support the growing demand for … Read more
NTPC REL has signed an MoU with INDIAN ARMY for setting up Green Hydrogen Projects in its establishments on Build, Own and Operate (BOO) model. The intent is to reduce complex logistics, dependence on fossil fuels and to accelerate decarbonisation. The MoU was signed by Shri Mohit Bhargava, CEO (NTPC REL) and Lt. General Rajinder … Read more
Chqbook, India’s first neobank for small business owners, has launched a specially designed “Shop Insurance Cover” for its Digital Current Account customers. This insurance solution has been designed and launched in association with ICICI Lombard one of India’s leading general insurance companies. Under this insurance, losses incurred by shop owners due to floods, earthquakes, lightening, … Read more
Entrepreneur First (EF) is an early-stage talent investing firm that hand-selects exceptionally talented individuals and brings them together to build globally impactful companies from scratch. Established in India in 2019, the global talent investor has now announced the launch of its ‘Graduate program’ for the best of India’s current students and recent graduates. This program is … Read more
LambdaTest, an intelligent omnichannel digital experience testing cloud platform, has announced the addition of advanced AI- powered test intelligence features to its Selenium testing cloud offering. With this latest development, LambdaTest will now enable enterprises with deeper insights into their test execution process and help them better streamline their quality assurance process. LambdaTest has been … Read more
peAR, one of the first startups in Asia-Pacific to make an augmented-reality based in-restaurant ordering app, has raised Rs 4.2 crore in a Pre-series A led by 1crowd and Chennai Angels and co-Led by Inflection Point Ventures (IPV). The funds raised will be utilized to scale the company’s current suite of solutions across geographies and … Read more
Aerem, India’s leading SolarTech platform, today announced the funding of $5 million (~ INR 41 crores) in Pre-Series A round led by climate-tech investor Avaana Capital. The round also saw follow-on participation from Blume Ventures and it includes debt financing of $1.5 million from prominent financial institutions. Mumbai-headquartered Aerem will utilize these funds to expand … Read more
Fastrack, India’s largest youth and accessories brand expands its fashion-tech segment catering to the Gen Z with the launch of Revoltt Series in association with Flipkart. Introducing the best features in the affordable segment, the first in this Flipkart unique series, Fastrack Revoltt FS1 comes with the advanced BT calling facility. Revoltt FS1 offers 1.83” UltraVU display, the brand’s largest … Read more
itel, one of the leading brands of Bharat, launches its new Power Series with the contemporary P40 smartphone. The itel P40 is the first smartphone in this segment to boast an impressive 6000mAh mega battery, a beautiful 6.6-inch HD + IPS Waterdrop display, and a stylish body. This latest addition to the itel portfolio offers … Read more
Moneyboxx Finance Limited, a BSE-listed NBFC that focuses on impact financing by providing business loans to micro entrepreneurs in Tier-III cities and below, secured INR 20 crores term loan from Maanaveeya Development & Finance Private Limited (Maanaveeya), an Indian subsidiary of Oikocredit, a 40-year-old Global Development Financing Institution that responds to the needs of businesses … Read more
Sumitomo Wiring Systems, Ltd., Japan (hereafter “SWS”) and H.K. Wiring Systems Limited (hereafter “HKWS”), a 100% subsidiary of SWS, jointly hold 17.72% shares of Samvardhana Motherson International Limited (hereafter SAMIL). Today, SWS has sold 3.4% shares held in SAMIL through ‘bulk deal’ at stock exchange in India as part of global deleveraging strategy to fund … Read more
Yellow Metal, a lender of gold loans located in Bengaluru, has raised $3 million in a seed investment round headed by MSA Novo, a multi-stage venture capital firm, with participation from Spiral Ventures, a Japanese VC firm, and current investors WaterBridge Ventures and Java Capital. According to the firm, the additional funding will help extend … Read more
Gynoveda, a women’s healthcare firm supported by Ayurveda, has raised $10M in Series A funding, with India Alternatives Fund as the lead investor. Reputable family offices and organisations including Wipro Enterprises, RPG Ventures, Dharampal Satyapal Limited, and Alteria Capital also participated in the round. As a sign of its sustained support for Gynoveda’s mission, previous … Read more
Finsire, a Fintech company specialising in lending infrastructure and asset collateralization API, reported that it has received $1.3M in seed funding from strategic investors. Finsire builds lending enablement services by permitting digital assets to be taken as collateral. The solution allows Banks, NBFCs, fintechs, credit requirement distribution, and depositaries to maximise their lending capabilities. The … Read more
MAGGI, the globally acclaimed brand from Nestle, is launching its first-ever Non-Fungible Tokens (NFTs) in the OneRare Foodverse. A leader in the culinary space, MAGGI has been at the forefront of innovation and bold experimentation for over 40 years in India. With a product loved by all age groups, MAGGI is now set to embrace blockchain technology … Read more
