Platform for preparing for government exams Adda247 announced on Wednesday that it had secured $35 million in a round headed by WestBridge Capital. Google participated in the round as a new investor. The platform will use the funds raised to hire for certain important leadership positions, develop its student counselling team, and raise the profile … Read more
Cloudworx Technologies has secured Seed Capital from Hyderabad headquartered SucSEED Indovation Fund as well as IIIT Hyderabad, Expert Dojo, and other angel investors. Cloudworx has created a platform that allows users to create 3D applications for the Enterprise Metaverse as Integrated Development Environment (IDE) Platform. Unlike other Digital-Twin builders, Cloudworx allows users to import custom 3D models, create … Read more
Ankur Capital, an India-based leading early-stage venture capital fund focused on transformative technologies in deep science tech and climate tech today announced that they have invested seed capital in two early stage biotech startups – MyoWorks and D-NOME. Founded by Nihal Singh and Shubhankar Takle, MyoWorks is building edible fungal mycelium-based 2D and 3D scaffolds which will support … Read more
The global slowdown in funding continues with start-up funding in India in Q3 CY22 hitting a two-year low at USD 2.7 billion across 205 deals, as per the PwC India report titled, “Startup Deals Tracker – Q3 CY22.” While a decline in funding is noted across all stages of investment – early, growth and late – the decline has … Read more
Inga Ventures (Inga), in partnership with TIH Limited (TIH), Singapore, is launching a ₹ 1,250 mn private equity fund “Ekkum TIH Emerging Opportunities Fund” for investing in mid-size enterprises in India. The Fund has received commitment of ₹ 250 mn from the sponsors and their affiliates. The Fund will infuse growth capital in mid-size emerging … Read more
Artium Academy, an online music learning and community platform that powers tech-led, performance-based learning and engagement has raised $3.0 million from Chiratae Ventures, amongst the earliest tech-focused venture capital firms in the Indian ecosystem Other early-stage investors like Anicut Capital, Jet Synthesis and Whiteboard Capital as well as several high-profile entrepreneurs like Madhusudhan R (Co-founder, … Read more
RadioMedix, Inc. a clinical-stage biotechnology company announced an agreement with an entity related to Portland Investment Counsel Inc. (“Portland”) involving an equity investment of $40 million Series A funding round. RadioMedix is committed to the advancement of a targeted alpha therapy (TAT) pipeline and diagnostic companion radiopharmaceuticals for rare and aggressive cancers. The proceeds of … Read more
Arctic Wolf, a leader in security operations, announced closing of a convertible notes offering in the aggregate principal amount of $401 million, led by existing investor Owl Rock, a division of Blue Owl Capital, with participation from new and existing investors including Viking Global Investors, the Ontario Teachers’ Pension Plan, and funds advised by Neuberger … Read more
Agility Ventures Partners and Lotus Herbals Pvt Ltd led a $2 million pre-Series A fundraising on Friday, according to Vanity Wagon, a clean beauty marketplace. With further funding from Venture Catalysts, Inflection Point Ventures, and a few high-net-worth individuals (HNIs), the Delhi-based cosmetics company’s valuation increased to $8 million. Vanity Wagon is to use these … Read more
Revelio Labs, the workforce intelligence company, today announced its Series A capital raise of $15 million. The round was led by Elephant Partners, with additional funding from Alumni Ventures, BDMI, K20 Ventures, Techstars, and Barclays. The capital will be used to expand Revelio Labs’ offerings for corporate HR and strategy, and comes less than a year after the … Read more
Automation Anywhere, Inc. , a global leader in Robotic Process Automation (RPA), announced today that it is has secured $200 million in financing from Silicon Valley Bank, SVB Capital, and Hercules Capital, Inc. The financing is intended to provide operational and strategic capital for the next several years. “We continue to be optimistic about the near-term opportunities for … Read more
Preimage, a cloud-based 3D reconstruction tool, has announced that it has raised USD 1.7 million in a seed round from eminent angel investors including pi Ventures, Better Capital, Java Capital, and others. Preimage’s AI-first technology builds lifelike 3D digital clones of settings and assets using pictures as input. Preimage, a company founded by IIT graduates … Read more
Lissun, a full-stack solution for mental and emotional healthcare, has announced the closing of their ~$ 1 Mn Pre SEED fundraise round. The round led by IvyCap Ventures witnessed participation from syndicates like We Founder Circle and Supermorpheous, along with marquee angel investors like Gaurav Munjal (Co-Founder and CEO at Unacademy), Harsh Jain (COO, Groww), … Read more
Mahindra Logistics Ltd. (MLL) and Rivigo Services Private Limited (RSPL) announced that they had reached agreement for purchase of RSPL’s B2B express business by MLL. Under the terms of the agreement, MLL will acquire the express business through a Business Transfer Agreement (BTA), including the customers, team and assets of RPSL’s B2B express business, RSPL’s … Read more
The Goa-based diagnostics chain Molbio Diagnostics Pvt. Ltd. has received an investment of $85 million (about 680 crore) from the Singaporean investment company Temasek. Truenat, a platform that uses PCR technology to detect at least 22 infectious diseases including tuberculosis, swine flu, dengue, and HIV, is developed and marketed by Molbio and subsidiary Bigtec Labs. … Read more
GoHealth, Inc., a leading health insurance marketplace and Medicare-focused digital health company, announced that it has closed a $50 million private investment. The funding strategically expands GoHealth’s shareholder base, enhances its already strong balance sheet as the Company focuses on driving strong cash flow in the near term, enables further investment in new technologies and … Read more
Savart, a tech based investment advisory, has announced that it has raised around $1.5 million in a pre-Series A funding round led by 9Unicorns and Venture Catalysts’ Angel Fund. Other investors that participated in the ride included existing investor Beenext Asia Fund and several other angel investors. The Hyderabad-based start-up aims to simplify investing in … Read more
Univest, a fintech startup making a sophisticated one resolution for inventory markets, secured funding from angel buyers in its pre-seed part. The fintech platform secured funding value ~3.8 crs, to be utilized in the direction of product launch and crew constructing. Univest – the brainchild of Pranit Arora and Avneet Dhamija, was began with the … Read more
Funds will be utilized to improve product automation and scale up revenue globally TurboHire, an AI-powered recruitment automation platform, has announced raising USD 2 Million in a Pre-Series A round co-led by Pentathlon Venture Capital and The Chennai Angels; and participated by the Telangana Fund, Purvansh Holdings, and the Mumbai Angels and Hyderabad Angels, with … Read more
Gurugram-based Awiros, a deep-tech startup that creates a computer vision platform based on AI mostly for video processing, has raised $7 million in investment. Vikram Gupta and Yatin Kavishwar co-founded Awiros in 2015. Vikram holds a PhD in computer engineering from Carnegie Mellon University. His main topic of study during his PhD was the design … Read more
