Entreprenuernewsnetwork

Shiprocket inks an agreement for USD 185 million in Series E funding

Shiprocket, a logistics start-up, has signed definitive agreements to raise USD 185 million (INR 1,380 crore) in a Series E fundraising round led by Zomato Ltd, Temasek, and Lightrock India. On this transaction, Avendus Capital served as Shiprocket’s only financial advisor. The newly raised funds will aid the company in furthering its aim to democratise … Read more

Fego.ai scores $1.5 Mn in seed round

3one4 Capital, Saison Capital, Eximius Ventures, First Cheque, and Speciale Invest have all invested $1.5 million in fintech platform Fego.ai. The money will be used to strengthen and expand the startup’s developer services, as well as to grow its team and accelerate the debut of its products to the general market. Fego, which is set … Read more

Samosa Party secures pre-Series A funding

Samosa Party, a snack-focused cloud kitchen platform supported by angel investment platform Inflection Point Ventures, has received $2 million (Rs 15 crore) in its pre-Series A funding round. Samosa Party, founded by Amit Nanwani and Diksha Pande in 2017, delivers a variety of samosas and tea to customers’ doorsteps. The company now has 15 locations … Read more

Ex-Ather Energy led Exponent Energy raises $5M

Exponent Energy, a technology firm focused on making energy for electric cars (EVs) easier to understand, revealed on Wednesday that it had raised $5 million in a pre-Series A round of funding. YourNest VC, an existing investor, led the round. The funds raised will be used to start commercial operations and scale them across multiple … Read more

Y Combinator-backed Jupe Announces $9.5M Seed Round Led by Initialized Capital

Housing technology startup Jupe announced $9.5 million in seed funding led by Initialized Capital with participation from Y Combinator. The money will be used to hire a CTO and a wider team of software and hard tech engineers and to execute its mission to make off-grid mobile living more affordable, faster, and efficient. Since launching … Read more

RateGain Travel Technologies raises Rs 599 crore from anchor investors

RateGain, a travel and hospitality software-as-a-service (SaaS) startup, launched an Initial Public Offering (IPO) today to collect Rs 1,336 crore. The price range for each share has been set at Rs 405 to Rs 425. The company announced that it has raised Rs 598.83 crore from 34 high-profile investors ahead of the public subscription opening. … Read more

LenDenClub raises $10M in Series A round

LenDenClub, a peer-to-peer (P2P) lending network, has raised $10 million in Series A funding. Founded in 2014 by Bhavin Patel and Dipesh Karki, the Mumbai-based platform now claims to have over 2.5 million borrowers and one million investors/lenders across India, with loan disbursements totaling over Rs 2,000 crore, with Rs 1,200 crore in the first … Read more

CpaaS company CometChat raises $10M in Series A Funding

CometChat, a CpaaS firm based in Denver and Mumbai, revealed on Tuesday that it had raised $10 million in a Series A fundraising round. CometChat, founded in 2010 by brothers Anuj and Anant Garg, is a communications platform for businesses that offers plug-and-play text, chat, video, and audio communications solutions that can be connected into … Read more

Insurtech firm Probus Insurance raises $6.7M

Probus Insurance, a Mumbai-based insurtech company, has raised $6.7 million in a fundraising round headed by BlueOrchard Impact Investment Managers of Switzerland. Probus, which began as a typical insurance brokerage firm in 2003 and has now evolved into a tech-enabled platform, has built a strong framework and ecosystem in the online retail distribution arena. Probus … Read more

MoEngage raises $30M in Series D Funding

Moengage, a Bengaluru-based insights-led consumer engagement platform, announced on Tuesday that it had raised $30 million in Series D funding, more than doubling its previous Series C1 investment of $32.5 million in July. Steadview Capital led the investment, with existing investors Multiples Alternate Asset Management, Eight Roads Ventures, F-Prime Capital, and Matrix Partners also participating. … Read more

YipitData raises up to $475 million in Series E funding from Carlyle

YipitData today announced a Series E funding round, led by global investment firm Carlyle . YipitData has gained rapid momentum among institutional investors and corporations with its highly accurate, detailed research and analytics on the most disruptive and digitally enabled sectors in the world, including ridesharing, e-commerce marketplaces, payments and streaming video. YipitData will use … Read more

Bizongo raises $110 Mn led by Tiger Global

Bizongo

Bizongo, an e-commerce packaging startup, has raised $110 million (Rs 825 crore) in a Series D round headed by Tiger Global. Existing investors such as B Capital, the International Finance Corporation (IFC), and the Center for Disease Control and Prevention (CDC) have also contributed to the new investment. Tiger Global led the Series D round … Read more

HRTech Sense raises $50M Funding

Sense, a San Francisco-based HR IT business, has raised $50 million in a Series D fundraising round headed by Softbank Vision Fund II, valuing the company at over $500 million, according to reports. Sense had previously raised $16 million in a Series C investment headed by Accel, Avataar Venture Partners, and GV in June 2021. … Read more

LoanKuber raises Rs 13 cr in Pre-Series A round

LoanKuber, a digital-first mortgage platform, has raised Rs 13 crore (about $1.7 million) in a pre-Series A funding round led by LetsVenture and Inflection Point Ventures, a Gurugram-based angel investing platform. Other investors took part in the round as well. LoanKuber has previously secured $1.25 million in a pre-Series A financing led by LetsVenture, Accolade … Read more

CHARGE+ZONE Raises $10 Mn To Expand EV Charging Network

CHARGE+ZONE, an electric vehicle (EV) charging firm, has raised $10 million in a bridge financing sponsored by Venture Catalysts. The funds will be used to expand the company’s existing electric vehicle charging network. CHARGE+ZONE, which was founded in 2018, is an EV charging infrastructure startup that specialises in B2B and B2C charging services using smart-grid … Read more

Lightspeed leads $22.4 Mn round in Pocket FM

Pocket FM, an audio-focused over-the-top (OTT) service, has secured $22.4 million in a round headed by Lightspeed Venture Partners. The fresh investment also includes the Times Group and Tanglin Ventures. The money will be used to expand the Gurugram-based startup’s operations and establish a larger content creator community, as well as expand its presence across … Read more