Lab-grown diamond jewellery brand Aukera has raised $15 million in a Series B funding round led by Peak XV Partners, with participation from existing investors Fireside Ventures, Sparrow Capital, Prath Ventures, and Alteria Capital. The fresh capital will help the brand accelerate its retail expansion, enhance product innovation, and solidify its presence in India’s fast-growing … Read more
Luxury villa and homestay rental platform StayVista has secured ₹40 crore (approximately $4.6 million) in a Series B funding round led by JSW Ventures, with additional participation from existing backers DSG Consumer Partners and Capri Global Family Office. The Mumbai-based startup, founded in 2015 by Ankita Sheth, Amit Damani, and Pranav Maheshwari, plans to use … Read more
Raphe mPhibr, a leading aerospace and defence-tech startup based in Noida, has raised $100 million in an all-equity Series B round, setting a record for the largest private funding in India’s drone and aerospace manufacturing sector. The round was led by General Catalyst, with participation from Amal Parikh, Think Investments, and several high-net-worth individuals (HNIs). … Read more
Mumbai, India – GrayQuest, a leading fintech company dedicated to developing digital financial solutions for India’s education sector, has raised ₹80 crore ($9.3 million) in its Series B equity funding round. The funding will enable GrayQuest to enhance its technology platform and expand its reach to educational institutions nationwide, solidifying its position as a pioneer … Read more
WATI (WhatsApp Team Inbox), a customer and sales engagement tool is today announcing a $23M series B funding, led by Tiger Global with participation from existing investors Sequoia Capital India & Southeast Asia, as well as new investors DST Global Partners and Shopify. This marks Shopify’s first venture investment in a startup operating in the Southeast Asia … Read more
SwipeRx (formerly mClinica Pharmacy Solutions), Southeast Asia’s (SEA) leading platform for pharmacies, announced it has secured a Series B round of US$27 million in equity and debt to accelerate growth across SEA. The round was led by Indonesia’s MDI Ventures, with participation from global investors, Bill & Melinda Gates Foundation, Johnson & Johnson Impact Ventures, SIG and existing investors. Singapore-based mClinica … Read more
GoKwik, an e-commerce enabling firm, has secured $35 million in a Series B round headed by RTP Global and Think Investments. Existing investors Sequoia Capital India and Matrix Partners India also participated in the round. The fresh capital follows GoKwik’s $15 million Series A round in November of last year, bringing the company’s total fundraising … Read more
LottieFiles, the leading motion graphics platform for designers and developers, today announced a $37 million Series B funding round, led by Square Peg Capital, with additional participation from XYZ Venture Capital, GreatPoint Ventures, and existing investors, 500 Startups and M12, Microsoft’s Venture Fund. LottieFiles will use the funding to further its product roadmap, expand its operations to cater … Read more
Bengaluru headquartered, PhableCare, India’s largest chronic disease management company, has raised Series B funding of INR 187 crores (USD 25 Million) within one year of raising Series A. The round was led by Kalaari Capital with participation from Aflac Ventures, Digital Horizon, Stride Ventures. Existing investors, Omron Ventures, SOSV, Social Starts, and Fresco Capital also participated in … Read more
DataRails, the financial planning and analysis (FP&A) platform for Excel users, announced today that it has raised $50M in Series B funding. The company’s third investment round in the past 12 months, which was led by Qumra Capital, follows a 5x growth in revenue in the past year, positioning DataRails as the market leader in FP&A software … Read more
FleetX, a Gurugram-based freight visibility and fleet management platform, announced on Tuesday that it has raised $19.4 million in Series B funding led by IndiaMart, with existing investors India Quotient and BEENEXT participating. Vineet and his co-founders Abhay Jeet Gupta, Udbhav Rai, Parveen Kataria, and Vishal Misra launched the company in 2017. It promises to … Read more
TVS Capital Funds, Premji Invest, and Binny Bansal’s 021 Capital led a $12 million Series B fundraising round for SaaS firm Increff. The funding will be used by the Bengaluru-based business to open offices and enhance its staff in the United States and Europe, as well as to expand its product and service offerings. Increff, … Read more
EventX, an Asian-focused event SaaS startup that provides organisations and marketers with event lead generation and event management solutions, acquired an additional $8 million in Series B plus funding on Wednesday, increasing the firm’s Series B total to $18 million. GL Ventures led the round, with participation from other investors. With engineering, business development, and … 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
Avelo Airlines, which became America’s newest mainline airline in nearly 15 years when it took flight last April, today announced it raised $42 million in Series B funding. This second-round offering increases Avelo’s invested capital base to over $160 million. Avelo raised approximately $125 million in January 2020. The Series B shares sold at a … Read more
Feminine hygiene start up Sirona (makers of PeeBuddy and other innovative feminine hygiene products and market leaders in menstrual cups) have raised INR 100 crores in Series B funding from South Asia’s largest DTC conglomerate and recent BPC Unicorn Good Glamm Group.This is one of the largest amounts invested in a Series B round for … Read more
