Durable Pack Pvt. Ltd, the second-largest room air conditioner (RAC) contract manufacturer in India, is raising $40 million in funding, with Affirma Capital serving as the round’s lead investor. EPACK manufactures RACs and small home appliances (SHAs) for Indian and MNC brands in facilities in Dehradun. The company produces a variety of RACs, including split … Read more
Akshayakalpa Organic, a startup producing organic dairy products, announced on Thursday that it has raised USD 15 million (about Rs 120 crore) from investors. One of the top manufacturers of organic milk in the nation is Akshayakalpa Organic, which was established by GNS Reddy and Shashi Kumar. Akshayakalpa intends to make significant investments in the … Read more
Anveshan, a D2C healthy food firm, raised $2 million in a pre-Series A funding round from DSG Consumer Partners, Force Ventures, and We Founder Circle. The round also included participation from Rahul Sharma (Zetwerk), Amit Jain and Amit Hooja (Netgraph, Vardhman Group), and numerous other individuals. The funds raised will be used for hiring staff, … Read more
Oasis Centre for Reproductive Medicine in South India has raised $50 million (almost Rs 400 crore) in an equity round of financing from domestic private equity vehicle Kedaara Capital. Oasis, which was founded in 2009 by Durga G. Rao and Kiran Gadela, had five centres in Andhra Pradesh and Telangana at the time of InvAscent’s … Read more
Creative Galileo, an early learning ed-tech platform, announced that it has raised $7.5 million in Series A funding from Kalaari Capital, Affirma Capital, East Ventures, Valiant Employee Investment Fund, and angel investors. This brings Creative Galileo’s total funding to $10 million, which includes a $2.5 million pre-series A round announced in October of last year. … Read more
Susquehanna International Group (SIG), one of the largest quantitative trading firms, has made a strategic investment in KuCoin, a global cryptocurrency exchange. Aside from a 10-million-dollar investment, the two parties will collaborate on blockchain startup incubation and the development of the KCS and KCC ecosystems. KuCoin will use the funds to improve platform infrastructure and … Read more
xQ, an edtech start-up which teaches kids the art & science of video creation has raised USD 1.4mn through a Gujarat-based angel syndicate along with a select group of HNI investors which includes senior leadership personnel from Google, Deloitte, Tata 1mg, Axis Capital, and award-winning international photographer Joseph Radhik. The startup was founded by IIM … Read more
ForSight Robotics, the pioneer in ophthalmic robotic surgery, today announced it completed a $55 million Series A round to advance the world’s first surgical platform for fully robotic cataract surgery: ORYOM. ForSight’s flagship robotic platform will increase accessibility to ophthalmic surgery procedures worldwide and ultimately, transform the future of eye surgery. The Adani Group led the funding round alongside existing … Read more
Acuamark Diagnostics, an early cancer detection company, today announced the closing of an $11.3 million Series A round. The round was led by the office of Claudio Del Vecchio and the Del Vecchio Family Foundation, and it was joined by Bruker Corporation as a new investor in AcuamarkDx. Claudio Del Vecchio has joined AcuamarkDx’s Board of Directors. AcuamarkDx is a molecular diagnostics … Read more
Liberate Foods, a Bengaluru-based plant protein startup with a meat alternative line called Shaka Harry, has received a $ 2 million seed funding round led by Better Bite Ventures, Blue Horizon, and venture debt fund Panthera Peak. Liberate Foods was founded by proven entrepreneurs with prior experience and success scaling businesses in India and around … Read more
Wheelocity, a F&V supply chain startup that provides fresh produce to quick commerce companies, announced a $12 million Series A funding round on Tuesday. The capital will be used by the Chennai-based startup to develop new farm products, allowing its customer base to grow quickly and driving efficiencies throughout the F&V supply chain. Wheelocity, which … Read more
Mokobara, a D2C luggage startup, has raised $6.5 million in a Series A funding round led by Saama Capital and Sauce VC. Mokobara plans to invest the new funds in research and design. It will use the funds to expand into new categories, expand its team, and open experience centres. The Bengaluru-based startup, founded in … Read more
YuLife, the tech-driven insurance company on a mission to inspire people to live their best lives, today announced that it has raised $120M (~£95M) in a Series C led by Dai-ichi Life Holdings Inc. (TSE: 8750) (“Dai-ichi Life”), a new strategic investor in the company. The funding round, which was supported by YuLife’s existing investors, takes YuLife’s total funding to $206M since … Read more
GrowthX (GrowthX.club), a social learning community of the top 1% of growth leaders, announced that 212 angel investors contributed to its seed round. This historic community-led fundraising in the Indian startup ecosystem saw participation from 200+ founders, leaders and operators across companies like Razorpay, Airbnb, Mamaearth, Meesho, Myntra, and Freshworks. Out of the 1.5 Million USD raised, … Read more
Gloat, the leading provider of Workforce Agility software and pioneers of the AI-powered Talent Marketplace, today announced its $90 million Series D round led by Generation Investment Management—with participation from Accel, Eight Roads Ventures, Intel Capital and Lumir Ventures. The funding positions Gloat to rapidly accelerate the evolution of a rich, dynamic talent ecosystem that … Read more
Normalyze, a data-first cloud security platform, today announced it is coming out of stealth with $22.2M in Series A funding, co-led by Battery Ventures and Lightspeed Venture Partners. This round brings the company’s total funding to $26.6M to date. Normalyze is an agentless platform that helps organizations better manage sensitive data—and attack paths to it —in today’s complex, multi-cloud environments, protecting customers from large and … Read more
