Vedantu, a pioneer in LIVE online learning, announced today a $3 million ESOPS liquidity initiative for all qualifying employees. The founders will not be part of the repurchase, but top executives and qualifying active employees who have completed the vesting term will be able to sell their ESOP shares. Vedantu launched a $100 million Series … Read more
Drona Pay, a Mumbai-based SaaS solution, has raised $500K in a seed round led by Varanium Capital, Credit Saison, and fintech experts Kunal Shah, Jitendra Gupta, Amrish Rau, and others. Drona Pay, founded in 2021 by Satish Kashyap, Pallavi Narvekar, and Sukhdev Sinh Zala, provides real-time protection for financial institutions using ml and proprietary data … Read more
Pepperfry founders Ambareesh Murthy and Ashish Shah have invested $1 million in food-tech firm Adonia Hospitality. In the next six months, the funding will be used to open six more eateries. The company was founded by Rupesh Kumar Shah and now has 6 restaurants in its portfolio. It is profitable with an ARR of Rs … Read more
Rebel Foods, the parent company of Faasos, has raised an additional $14.5 million in its Series F round. The company had recently raised $175 million in this round at a valuation of $1.4 billion, making it the first full-stack foodtech company to join the coveted club of unicorns this year. The company, founded by Jaydeep … Read more
iotechnology startup Tiamat Sciences today announced its $3 million seed financing round led by Silicon Valley venture capital firm True Ventures with participation from Social Impact Capital and Cantos. Tiamat Sciences manufactures animal-free proteins using a proprietary plant molecular farming platform. By replacing costly bioreactors with plants, the company produces key reagents for biotechnology companies … Read more
Estonian start-up Gelatex has a bold vision of starting a new chapter in the futuristic story “Cell-cultured meat cheaper than ever: how did it happen?” Gelatex has found a solution to scale and enhance the production of nanofibrous material that could be used to grow cell-cultured meat. Within their innovative team composed of materials science … Read more
Existing investors CDC Group, CX Partners, and OP Finnfund Global Impact Fund I (the first Finnish global developing markets impact fund). Indifi has also secured debt funding worth Rs 165 crore from Vivriti, Northern Arc, SIDBI, and other lenders. Indifi has also been guaranteed Rs 35 crore in finance from the US DFC (United States … Read more
Settl, a technology-driven managed housing platform, has received a $500,000 seed round investment. Settl has already secured 1200 beds across two cities in a little more than a year. It claims to be seeing a 30 percent increase in demand from quarter to quarter. It wants to serve over 3000 clients each month with the … Read more
Park+, a new smart parking solution business founded by Amit Lakhotia, the former vice president of Paytm Payments, revealed on Wednesday that it has raised $25 million in a Series B investment led by Sequoia Capital India, Matrix Partners India, and Epiq Capital. AdvantEdge, Fund II – a series of Somani Investments LP, and Motherson … Read more
Simple Energy, a Bengaluru-based electric car startup, announced the completion of a $21 million (Rs 155 crore) pre-series financing round on Monday. Simple Energy had hoped to secure $15 million in funding, but due to overwhelming investor demand, the company ended up raising a total of $21 million. The EV firm, which was founded in … Read more
Mindspace, the global flex office provider, secured a funding of $72 million. The investment round is intended to support the continuation of the company’s growth and its further expansion in Europe, the United States and Israel. The round was led by Harel Insurance Investments and Financial Services Ltd., More Provident Funds, Arkin Holdings and existing investors. Existing investors include: Yoav Harlap, Kobi … Read more
NoBroker, a proptech business, said that it has raised $210 million in its Series E fundraising round, bringing its valuation to $1 billion and making it the newest member of the coveted unicorn club. General Atlantic, Tiger Global, and Moore Strategic Ventures led the fundraising round. NoBroker.com, India’s first proptech unicorn, said it will use … Read more
Haber, based in Pune, has completed its Series B round, bringing its total capital raised to $27 million. Ascent Capital led the investment, which also included Accel, Elevation Capital, Beenext, Temasek partner Mukul Chawla, and GreyOrange founders SamayKohli and Akash Gupta. Their Series A fundraising, which took place in 2019, was spearheaded by Accel. Haber … Read more
True Credits, an NBFC and an affiliate of True Balance, an RBI-authorized lending firm, was founded by Balancehero India Private Limited, a wholly-owned subsidiary of Balancehero Co Ltd Korea, and launched a $30 million debt financing on Tuesday. In FY2021, the third round brought the total debt raised to $55 million. Northern Arc, Arthmate, Shine … Read more
Koparo, a sustainable D2C home and personal hygiene business, raised Rs 5.7 crore in seed funding from Saama Capital, Titan Capital, and DSG Consumer Partners on Tuesday. Uday Shankar, former Disney APAC chairman; Rohit Kapoor, OYO India CEO; Ashish Goel, Founder of Urban Ladder; and Anand Chandrasekaran, Product Head of Five9 were among the notable … Read more
Fasal, an agritech startup, has secured $4 million in a Pre-Series A round headed by 3one4 Capital, with current investors Omnivore and Wavemaker Partners joining in. Fasal is an AI-powered IoT SaaS platform that employs on-farm sensors and scientific algorithms to give farmers with actionable farm and crop information in vernacular languages. The platform is … Read more
