The Fundamentum Partnership, an early growth stage firm created by Nandan Nilekani and Sanjeev Aggarwal, led a $27 million Series B fundraising round for Ayu Health Hospitals. Existing investors Stellaris Venture Partners, Vertex Ventures, and Alteria Capital joined the round, as did US-based fund 57 Stars, Rohit MA-led Capier Investments, angel investors Ashish Gupta, Khadim … Read more
Bangalore-based leading digital aggregator in Agritech space, Ergos The Grain Bank, aims to further expand the footprint to 650 locations with revenue growth of upto Rs. 1,800-2,000 crores by 2023-24. Ergos The Grain Bank has scaled across 26 districts in Bihar, 10 Districts in Karnataka and 17 Districts in Maharashtra with over 1,45,000 farmers actively engaging on the technology-based … Read more
Mendel, the leading clinical artificial intelligence and natural language processing platform, today announced it has raised $40 million in Series B funding round led by Oak HC/FT. The round includes participation from existing investor DCM, who led Mendel’s Series A funding round in June 2021. This funding comes amidst surging customer demand for Mendel’s AI infrastructure. The fresh … Read more
Rario, creators of a cricket NFT platform, today announced a $120 Million Series A funding round led by Dream Capital, the Corporate Venture Capital and M&A arm of Dream Sports. Rario currently has the largest share of cricket NFT rights globally through exclusive partnerships with 6 international cricket leagues and a roster of 900+ cricketers. … Read more
ITC intends to purchase a 10% share in Blupin Technologies Private Limited, the firm behind the Mylo brand. Mylo is a full stack community eco-system focusing on the parenting journey of young families, which was founded in 2017. Mylo provides a diverse and relevant selection of material, health tools, chats, and community sharing features to … Read more
Financepeer, an edu-fintech business, has raised $31 million in a Series B fundraising round led by QED Investors of the United States and Aavishkaar Capital of Mumbai. Ardent Ventures, a US-based edu-tech investor, as well as DMI Sparkle Fund, DMI, 9Unicorn, LC Nueva AIF, and Maxar VC, participated in this round. Financepeer, founded in 2017 … Read more
Vayana Network Services Pvt Ltd, a digital trade financing network, has raised $15 million (Rs 114 crore) in Series C funding from the International Finance Corporation (IFC) and PayU. The Pune-based firm intends to use the additional funds to develop MSME-focused solutions. Vayana Network is a B2B trade financial intermediary that connects SMEs and corporates … Read more
VideoVerse – a video-editing SAAS platform formerly known as Toch.ai – announced today that it has secured $46.8 million in Series B funding led by A91 Partners, Alpha Wave Global and Binny Bansal, who is former co-founder of Flipkart and a current investor in the company. Other investors include Innoven Capital, Pacific Western Bank and Stride … Read more
Mutiny today announced a $50 million Series B funding round co-led by Tiger Global and Insight Partners with participation from prior investors Sequoia Capital, Cowboy Ventures, and Uncork Capital. The round also includes current and former CMOs from world-class companies like Uber, Visa, Salesforce, Square, Figma, Condé Nast, Carta, Snowflake, and Atlassian, who see in Mutiny a new … Read more
Loop, a healthcare and insurance business, has received a $25 million Series B round of funding. General Catalyst and Elevation Capital (previously Saif Partners) co-led the round, which also included Vinod Khosla & Khosla Ventures, Sierra Ventures, and a new investor, Optum Ventures. “GC and Elevation are likely to co-lead a new round worth about … Read more
One More Game, a new game studio built by veteran developers behind Warcraft, StarCraft, Diablo, and Guild Wars, today announced that it closed a $22 million Series A funding round led by Lightspeed Venture Partners. The investment will further empower the team in its mission to help players have more fun, beginning with its first title: Spellcraft, an online competitive strategy game … Read more
Native Angels, a Tier II and III region-focused angel investor network, led a Rs 1.15 crore angel fundraising round for Coimbatore-based agro firm Laymen Agro Ventures, which operates under the VilFresh brand. Upaya Social Ventures and Sangam Ventures also took part in the round. The business hopes to use the funds to expand to five … Read more
Mytaverse, the next-gen platform empowering enterprises in a virtual shared metaverse, today announced that it has raised $7.6 million in Seed funding to support the evolving needs of enterprises. Blumberg Capital led the round, joined by Baselayer Ventures, Correlation Ventures, Accelerator Ventures and others. A follow-on investment was made by Alberto Peisach. David Blumberg, founder and Managing Partner of … Read more
According to regulatory papers issued by the firm, Walmart-backed Flipkart invested $116 million in apparel retailer Myntra on March 25th. The news comes just days after the e-commerce giant announced that it will list in the United States next year and that its IPO valuation target has been upped by a third to $60-70 billion. … Read more
Rapido, a bike taxi startup based in Bengaluru, has secured $177.5 million in a fundraising round led by food delivery aggregator Swiggy. Another new investor, TVS Motors, also participated in the round. Rapido’s current investors, WestBridge Capital, Nexus Ventures, and Shell Ventures, all contributed to the round. Swiggy was reportedly in talks to lead Rapido’s … Read more
ITILITE, India’s fastest growing SaaS-based travel and expense management platform, announced its $29 Million Series C fundraise led by Tiger Global and Dharana Capital along with participation from existing investor Matrix Partners India and Tenacity Ventures. Despite adverse market conditions, ITILITE has seen 5x growth since its Series B round in 2020, as companies worldwide … Read more
