IppoPay, a one-stop neo-bank for Bharat, has raised $2.1 million in seed funding from Coinbase Ventures, Better Capital, Blume Founders Fund, and a number of high-profile angel investors. IppoPay, which was founded in November 2020, has helped 50,000 offline merchants and daily wage earners in India’s Tier 2, Tier 3, and rural markets enhance their … Read more
Chennai headquartered Shrinithi Capital Pvt. Ltd. primarily focussing into commercial vehicle and two-wheeler loans has raised Rs. 300 crore as co- lending facility from IndoStar Capital Finance Ltd. IndoStar Capital Finance Ltd. is a 10,000 crore net worth company owned by Everstone Capital and Brookfield investment, Canada. Shrinithi Capital Pvt. Ltd. has announced about the tie up … Read more
Crib, an upcoming SaaS-based marketplace for co-living, has raised $400,000 in its pre-seed round led by Pranay Gupta (Co-founder, 91Springboard) through his AngelList syndicate 91Ventures. The round also saw participation from BlackSoil Capital along with marquee angels from Faad Network. Other notable angel investors are Shashwat Nakrani (Co-founder, BharatPe), Jasminder Singh Gulati (Co-founder, Nowfloats, acquired by Jio), Ajay Yadav (Founder, Roomi), Sarath Sura (Ex-Director, Allahabad Bank), Abdul Paravengal (ex-CBO, Shipper), Rahul Jindal (Director, Google), Uday … Read more
Recykal, a Hyderabad-based business-to-business (B2B) waste management and recycling marketplace, has raised $22 million in funding from Morgan Stanley India. Abhay Deshpande, a serial entrepreneur who launched ecommerce platform Malamall in 1998 and ecommerce enablement SaaS platform Martjack in 2007, founded Recykal in 2016. Capillary Technologies later purchased Martjack. Anirudha Jalan, Abhishek Deshpande, Ekta Narain, … Read more
Founded in 2011, Hakuna Matata is a leading digital transformation solutions provider for Manufacturing, Distribution & Logistics firms. Hakuna Matata develops mission-critical business applications that enable enterprises to improve their operational efficiency and Sales. They offer Industry 4.0 solutions that span across connected Man, Machines & Materials, and digital supply chains, process digitization, and preventive maintenance solutions. By deploying … Read more
Sandeep Nailwal, Co-founder of blockchain scalability platform Polygon, raised undisclosed Pre-seed funding for Bliv.Club, a Non-fungible Token (NFT) derivative firm, the company stated in a statement. The company was created in 2021 by Vikas Singh, Abhishek Kumar Gupta, and Mohammed Sirajuddin. Commenting on the investment Vikas Singh, Co-Founder Bliv.Clu said “Our core objective at Bliv … Read more
India’s largest consumer lending platform for young professionals – EarlySalary has disbursed 2.5 million loans worth Rs. 5,000 crores since its inception. The company was launched in 2015 and has grown 300% since last year. The segment of young professionals is one of the fastest-growing segments in the economy. With less than 5% of the … Read more
Leverage, the study abroad platform that owns LeverageEdu.com, UniValley.com, and UniConnect, among other sites, announced its move into financial services today. The company will offer three services as part of this: overseas remittances, education loans, and international bank accounts. Rachit Juneja, who formerly worked with Constellation Blu (a Blue Ventures partner firm) and KPMG’s Financial … Read more
Zluri, a SaaS management platform, announced a $10 million Series A round of fundraising on Monday, led by MassMutual Ventures and including current investors Endiya Partners and Kalaari Capital. Zluri’s comprehensive SaaS Management platform for IT teams helps companies Discover, Manage and Optimize, Secure and Automate SaaS applications from a single dashboard. Zluri puts the IT … Read more
Power Gummies, a nutraceutical company, has raised $6 million in Series A funding headed by 9Unicorns, with Vcats, DSG Consumer Partners, WIPRO Consumers, Sharpp Ventures (Marico Family Office), and NB Ventures also participating. The firm, situated in New Delhi, was founded in November 2018 with the sole purpose of providing health and wellness solutions to … Read more
Hyderabad-based BikeWo, one of the fastest-growing EV two-wheeler smart hub networks in India, has announced a partnership with celebrated legendary Tollywood actor Venkatesh Daggubati. As a part of the collaboration, Venkatesh Daggubati has now become a strategic investor in the company with an undisclosed amount of investment, and has also been appointed as BikeWo’s lead … Read more
Punjab-based beverage startup Lahori has raised $15 million funding from Belgium-based consumer focused investor Verlinvest for an undisclosed minority stake. Lahori will use the funds to double down on its brand’s growth through offline & online expansion and will also enhance the national presence of the brand in retail chains. The fresh fund will also be … Read more
FincFriends Pvt.Ltd, an NBFC, has raised $1 million in debt funding from Eclear Leasing & Finance Pvt. Ltd, a major lending NBFC. The company intends to use the financing approved by lenders in tranches for business expansion, growth, and cash flow efficiency. FincFriends has its own lending platform and app, RupeeRedee, which it uses to … Read more
AarogyaAI Innovations, a healthtech firm, has raised $700,000 (about Rs 5.2 crore) in a seed fundraising round led by Info Edge (India)-backed Redstart Labs and Avaana Capital (Seed Program). Entrepreneur First (EF) and First In Ventures, both existing investors, also participated in the round. The startup, founded in 2019 by scientists Praapti Jayaswal and Avlokita … Read more
Avataar.me, a San Francisco and Bengaluru-based AI and Computer Vision platform focusing on spatial visual discovery, announced on Friday a $45 million Series B investment round headed by Tiger Global with previous investor Sequoia Capital India as a co-participant. Avataar’s platform, which was founded in 2014 by Prashanth Aluru, Sravanth Aluru, Gaurav Baid, and Mayank … Read more
ReadyWorks, a digital platform conductor (DPC) that leverages AI and intelligent automation to reduce the risk and costs of IT infrastructure transformation, announced today that it has closed $8 million in Series A financing led by Credit Suisse Asset Management’s NEXT Investors. With this investment, ReadyWorks will expand its technology platform to help enterprises accelerate … Read more
