BlackSoil, a new-age, sector-agnostic alternative lending platform, has raised $70 million for its NBFC using non-convertible debentures (NCDs). The funds raised in this round will primarily be used for lending activities, including a variety of loan products, to fund mid- and growth-stage startups in the startup ecosystem. Deep Tech, B2B Tech, Enterprise SaaS, FinTech, HealthTech, … Read more
CASHe, India’s top credit-led, AI-driven financial wellness platform, announced that its Singapore-based holding company, TSLC Pte Ltd, has closed 140 crores in equity fundraising. The recent capital infusion boosts the Mumbai-based fintech company’s balance sheet to over Rs. 800 crores, with roughly Rs. 300 crores in equity and over Rs. 500 crores in debt raised … Read more
Groyyo, a B2B Manufacturing and Automation start-up based in Mumbai, announced today that it has raised $4.6 million in a seed round led by Alpha Wave Incubation (AWI), which is supported by DisruptAD, ADQ’s investment platform, and managed by Falcon Edge Capital. Deepak Jain (Partner & Manufacturing Lead, Bain & Co), Arpan Seth (Partner & … Read more
WallMantra, a prominent home decor and furnishing platform situated in Delhi NCR, has raised INR 2 crore in a seed round from Fluid Ventures Fund. WallMantra is a pioneer in making and marketing high quality luxury home decor and furnishing products at an affordable price, founded by Jitesh Agarwal, Shivam Agarwal, and Kundan Lal. With … Read more
Honasa Consumer Pvt. Ltd. (HCPL), the parent company of Mamaearth, The Derma Co., and the fastest growing personal care House of Brands, has closed a USD 52 million round led by Sequoia Capital, solidifying the business’s leadership in the D2C personal care space. Sofina Ventures SA, a Belgian investment firm, and Evolvence, a UAE-based India-focused … Read more
NextPoint Financial Inc. an all-inclusive financial services destination providing tax services, loans and other solutions for underserved consumers and small businesses, announced today that it has completed the acquisition of Chicago-based Community Tax LLC, (“Community Tax”), a fast-growing leader in tax debt resolution and other tax-related services for approximately US$90 million in cash and stock, … Read more
Motozite, a car business incubated at IIM Lucknow, recently raised an undisclosed sum in a pre-Seed round from We Founder Circle. Motozite, founded in 2021 by Abhinav Verma and Rahul Tiwari, offers a carefully chosen inventory of pre-owned premium cars, including a variety of certified vehicles. It also serves as a marketplace for the sale and exchange of high-end automobiles. Entreprenuer News Network Bureauentrepreneurnewsnetwork.com
Vendor Infra, a business-to-business (B2B) digital collaboration platform for the infrastructure and construction industries, recently announced that it has raised $265,000 in an angel fundraising round from numerous leaders in the infrastructure and IT industries. Vendor Infra, founded by Rahul Jain in 2019, offers infrastructure and construction businesses, vendors, manufacturers, suppliers, and consultants a unified … Read more
FPL Technologies, which distributes OneCard branded credit cards, has raised $76 million (Rs 565 crore) in funding from Delaware-based QED Fund and Singapore-based Ocean View Investment. FPL Technologies is a fintech startup that operates in the digital and physical credit cards, named OneCard, and credit score-checking product, called OneScore. It was founded in 2019 by … Read more
An insurance broker, SecureNow, has raised $6 million in a Series B financing. Apis Insurtech Fund I, administered by Apis Partners LLP, and Charan Singh, founder of SelectQuote Inc. participated in the round. SecureNow is an end-to-end insurtech platform that provides pure-risk commercial insurances to small and medium businesses. It was founded in 2011 by … Read more
Following his Spilit from Hair Originals co-founder Jitendra Sharma, Ashish Tiwari has founded Hair Forever, a new business in the hair extensions industry. Hair Forever has raised USD 150K in a pre-SEED round from a group of angel investors. After Healthkhoj and Hair Originals, this is the serial entrepreneur’s third endeavour. In November of this … Read more
We Founder Circle, a founder-backed early-stage company investor, and Wami Capital invested in EsportsXO, a SAAS-based tournament finding platform for gamers, in a seed round of USD 1.1 million. Other notable investors who participated in the round lead by We Founder Circle included SOSV, Mumbai Angels Network, SucSEED Innovation Fund, The Gaming Lounge, and FAAD … Read more
Ritu Marya Family Office has invested in Zorgers, a home healthcare start-up. The money will be utilised to increase their geographical reach and mobilise 50,000 healthcare professionals over the next two years. Zorgers, based in Chandigarh, is an eight-year-old healthcare startup that specialises in at-home healthcare and offers services such as ICU at Home, Critical … Read more
Rhaeos, Inc., a private, clinical stage medical device company developing a platform wireless and non-invasive wearable sensor initially targeting the neurosurgical suite, today announced the successful closing of its oversubscribed $2.2 million seed financing. The round, which brings a total of over $8 million in dilutive and non-dilutive financing to date, includes participation from Creative Ventures, Portal Innovations, Lateral … Read more
Artha Venture Fund (AVF), India’s first early-stage micro-VC fund, led a seed round of 1.75 crores in StarClinch today. Nitish Mittersain, the Founder and CEO of Nazara Technologies, also took part in the round. From AVF’s recently closed 225 crores micro-VC fund, StarClinch is the 14th investment and 23rd funding round. StarClinch, which was founded … Read more
Varun Dhawan, a Bollywood actor, has invested an unknown sum in Fast&Up. He gravitates towards Fast&Up for the quality clean nutrition it makes and provides to people all around the world, as part of a common mission of Health First-India First. This investment came shortly after Fast&Up received $22 million in Series C funding from … Read more
Jupitice, the world’s first Justice Technology (JusTech) firm, has secured $ 4 million in a Pre-Series A investment sponsored by Almas Global Opportunity Fund. Mr Raman Aggarwal founded Jupitice, which has created and constructed the World’s First Next-Generation Justice Technology Platform based on AI, Machine Learning, and Blockchain. The capital was raised in just a … Read more
Dhurina, a rapidly growing e-learning platform, has acquired USD 1.2 million in a second round of funding led by RVCF and additional investors such as LetsVenture, RBD Publication, India Accelerator, Precision Startup Advisory, and Pai Ventures. The newly invested money will be used for technology advancements, aggressive business growth, company expansion, and expanding the product’s … Read more
Verandah, a Mumbai-based line of conscientious luxury resort and swimwear, has raised $1.1 million in a seed fundraising round (about Rs. 8 crores INR). Mike Novogratz (CEO, Galaxy Investment Partners), Neeraj Arora (former CBO, WhatsApp), Lydia Jett (Partner, SoftBank Vision Fund), PDS Venture (PDS Multinational Fashions’ venture tech portfolio), and other prominent financial community members … Read more
CosIQ, a four-month-old start-up aiming to be an intelligent skincare brand, received a seed round of funding of $5 million from Shark Tank India in its fourth episode on December 23rd. Kanika Talwar and her husband are the founders of the four-month-old company. It’s a new molecular skincare company that offers a variety of products … Read more
