Router Protocol, a Web 3.0 cross-chain infrastructure project, has raised $4.1 million in a token sale led by Coinbase Ventures, Woodstock Fund, QCP Capital, Alameda Research, Polygon, Wintermute, Shima Capital, TeraSurge Capital, Maple Block, Wami Capital, and Bison Fund, among others. Ramani Ramachandran, Shubham Singh, Chandan Choudhury, and Priyeshu Garg established Router Protocol in 2020. … Read more
PrimeSoft, a leading IT solutions provider based out of Columbia, Maryland, United States, announced the acquisition of Tejora Private Limited, a Mumbai-based IT services company. Tejora’s innovative financial technology products and solutions such as Saffron Pay and Saffron Square have been adopted by major banks and financial institutions in India and South East Asia. Currently, … Read more
K&L Wellness, a healthtech firm, announced that it has raised Rs 30 crore in a seed round from Manjushree Ventures’ Vimal and Surendra Kedia, as well as Sohamm Group’s Narendra Firodia. In the field of integrative and lifestyle medicine, K&L was founded by serial entrepreneur Karan Talreja and holistic lifestyle coach Luke Coutinho to provide … Read more
ETMONEY, one of India’s fastest growing investments and wealth management platform, has crossed the milestone of 3 billion US dollars’ (INR 22,500 Crores) of total mutual fund investments being managed on the platform. The current value of investments made through ETMONEY has crossed $1Bn itself while another $2Bn of investments are being actively managed by … Read more
MobiKwik, one of the largest mobile wallets and Buy Now Pay Later (BNPL) Fintech companies in India, has collaborated with National Payments Corporation of India (NPCI) and Axis Bank to launch “MobiKwikRuPay Card”. The card will be free of charge to customers and purely digital keeping in line with the growing demand for digital payments across … Read more
HAPPE Spine, an emerging leader in the development of next generation orthopedic and spinal implants enabled by the HAPPE™ material platform, announces that it has closed on a $3.35 million Series A capital raise. The oversubscribed funding was led by strategic investors from within the spine industry along with prominent and continuing investment by the … Read more
SatSure, a Bengaluru-based spacetech firm that builds decision insights for the banking and insurance industries using data from satellites, has acquired an unknown amount of equity capital backed by Baring Private Equity India. SatSure is a decision intelligence firm that focuses at the intersection of space technology, artificial intelligence, and sustainability, founded in 2017 by … Read more
The National Bank for Agriculture and Rural Development’s (NABARD) Nabventures Fund has led a Rs 15 crore fundraising round for VilCart Solutions, a rural-economy centred digital platform. According to the announcement, VilCart is present in 20 districts in Karnataka and one district each in Tamil Nadu and Andhra Pradesh, with plans to extend across the … Read more
Purplle.com, one of India’s leading online beauty destinations, today announced a $75M funding, welcoming Kedaara to the cap table, along with doubling down by Sequoia Capital India and Blume Ventures. This comes six months after a $45M funding backed by Verlinvest, Blume Ventures, JSW Ventures, and first-time investor Sequoia Capital India. The investment will augment … Read more
Gramophone – a full-stack agri-tech platform – on Tuesday announced that it has raised a $10 million round led by Z3Partners, an early growth investor. Founded by IIT and IIM alumnus Tauseef, Nishant Vats Mahatre, and Harshit Gupta, Gramophone started as agronomy led, agri-input commerce company from MP. In the last two years, it has … Read more
Siply, a micro-savings platform located in Bengaluru, has received $3.2 million in equity and debt in its pre-Series A funding round. LetsVenture, AngelList India, and Founder Room Circle led the round, with participation from Kunal Shah ( CRED ), Beerud Sheth ( Gupshup ), Satish Grampurohit (ex-Infosys), Shanti Mohan (LetsVenture), and Pratekk Agarwaal (angel investor, … Read more
ABL Space Systems has closed a $200 million expansion of its Series B investment round, bringing the company’s valuation to $2.4 billion. The round was led by and comprised of ABL’s existing investor syndicate. ABL has now raised a total of $420 million since founding. ABL is serving a large manifest of active contracts with … Read more
