Delhi-based Wiom, a pioneering initiative aiming to provide affordable and unlimited home internet access to the next 100 million lower and middle-income households in India, has successfully raised Rs 140 crores in its Series A funding round led by RTP Global. A group of prominent investors participated in this funding round, including YourNest, Omidyar Network … Read more
Mumbai-based GreenCell Mobility, a prominent pan-India shared electric mobility player, has entered into a Memorandum of Understanding (MoU) with REC, a government of India Public-sector enterprise, for a substantial commitment of INR 3,000 crore to promote sustainable transportation in the country. The INR 3,000 crore MOU, inked with REC, is dedicated to financing over 3,000 … Read more
Gushwork.ai, a platform that combines AI technology with a remote workforce, has successfully raised $2.1 million in a pre-seed funding round. This funding was led by Lightspeed Ventures, with participation from other investors like B Capital, Sparrow Capital, Seaborne Capital, and Beenext. The startup, based in New York and founded by Nayrhit Bhattacharya (from IIT … Read more
New investor Athera Venture Partners and existing investors Blume Ventures, Exfinity Venture Partners, and MFV Partners also participate BENGALURU, India and DETROIT, July 21, 2023 /PRNewswire/ — Ati Motors, maker of autonomous industrial robots, today announced the close of its Series A funding round in the amount of US$10.85 million. The investment, occurring alongside the company’s product … Read more
Bengaluru-based B2B analytics software startup Factors.ai has successfully raised $3.6 million in a pre-Series A funding round. The funding was led by Stellaris Venture Partners, with participation from Elevation Capital, Emergent Ventures, and notable angel investors such as Kris Rudeegraap of Sendoso, Sreedhar Peddineni of GTM Buddy, and Khadim Batti of Whatfix. The recently secured … Read more
Shardeum, a smart contract platform built on the Ethereum Virtual Machine (EVM) with linear scalability, has successfully raised $5.4 million in a strategic funding round. Prominent investors such as Amber Group, Galxe, J17 Capital, JSquare, TRGC, and others contributed to this funding initiative. The newly acquired capital will play a vital role in supporting the … Read more
Gurugram-based drone manufacturer InsideFPV has raised ₹2.75 crore (~$380,000) in a seed funding round led by Inflection Point Ventures. The round also saw participation from angel investors such as Abhishek Rungta, founder of Gofrugal, and Ashish Agarwal, former CEO of Pepperfry. InsideFPV was founded in 2020 by Akshay Kathuria and Ayush Aggarwal. The company designs … Read more
Gurugram-based proptech startup OfficeBanao has raised funds from three angel investors, including former Meta India MD Ajit Mohan and former Colliers India CEO Ramesh Nair. The investment is the latest in a string of funding rounds for OfficeBanao, which has raised a total of $6.2 million in funding since its inception in 2021. The fresh … Read more
SOS, the female-founded company that is redefining wellness on the go through a fast-growing network of smart vending machines, is announcing $7.6 million in funding in two separate strategic partnerships: a $2.6 million investment round supported by Wasserman Ventures and $5 million round led by Urban Us Capital to support machine production and expansion. Through these partnerships, SOS will leverage the investment to expand into sports arenas, … Read more
Volt Money, a leading platform for instant secured loans against mutual funds, has successfully completed a pre-seed fundraising round of $1.5 million. The platform enables mutual fund investors to access cash within 10 minutes, offering favorable terms such as low interest rates, interest-only EMIs, and no pre-payment charges. With the aim of serving 10 crore … Read more
Thriwe, the leading B2B “Benefits as a Platform” company in India, has unveiled its expansion into Saudi Arabia through a strategic partnership with Al Mutlaq, a prominent multi-billion-dollar conglomerate specializing in venture capital and private equity. This collaboration involves an undisclosed investment from Al Mutlaq to support Thriwe’s regional launch and operations in Saudi Arabia. … Read more
TankhaPay, India’s pioneering social security app developed by Akal Information Systems Ltd., secures a substantial $2.7 million funding from prominent Japanese investors. This app addresses the crucial need for social security among informal, gig, and temporary workers by facilitating their inclusion in government schemes such as PF and ESI. TankhaPay formalizes payroll processes, ensuring the … Read more
Arkon Energy Pty Ltd (Arkon), a global data center infrastructure company, today announced the successful completion of a $26 million capital raise with new funding being provided by Sandton Capital Partners, a global credit-oriented asset manager and participation from JGB Management, an existing lender to Arkon. The investment into Arkon is set to bolster the company’s strategic … Read more
Mumbai-based fintech startup, TransBnk, has successfully raised $1 million in seed funding. The funding round was led by 8i Ventures, a prominent early-stage venture capital fund known for its successful investments in the fintech sector, including M2P, Slice, and Easebuzz. Other contributors to the funding round include Growthcap Ventures, Leadway Ventures LLP, Growth Sense, as … Read more
Drools, a renowned Indian pet food brand, has successfully secured funding from consumer growth investor L Catterton (LVMH). The private equity firm’s investment of $60 million represents a 10% stake in Drools, making it one of the most substantial investments in India’s pet care industry to date. This strategic move not only expands L Catterton’s … Read more
Intuition, a decentralized infrastructure provider, has successfully raised $4 million in a seed round led by Superscrypt. The funding comes as Intuition prepares for the public launch of its protocol and first applications later this year. Intuition’s groundbreaking platform enables users to create attestations about any subject and store the information in a manner that … Read more
