Praan, a California and Mumbai-based firm, has announced a $1.56 million investment round headed by Social Impact Capital, with participation from Better Capital, Paradigm Shift Capital, and Avaana Capital, as well as Texas-based Quality of Life Investments (Angel Syndicate) Praan was founded in 2017 by Angad Daryani with the goal of helping people breathe healthier … Read more
The Michael & Susan Dell Foundation led a $10 million Series B fundraising round for Kaleidofin, a neo-bank with a purpose to help consumers achieve their real-life goals by providing intuitive and personalised financial solutions. KaleidoPay is a suite of comprehensive payment solutions that includes KaleidoCredit, a credit as a platform service for lending and … Read more
OneDios, a customer support request aggregator platform, has secured USD 1.2 million in a round headed by Indian Angel Network (IAN), LetsVenture, and HNIs like Bhanu Chopra, Akash Bhansali, and the Haldiram Group. OneDios is a Delhi-based startup, which was launched in 2019, plans to expand the size of its product portfolio with the new … Read more
Lemme Be, the brave and unapologetic period care brand of young India, has raised INR 5 crores in its seed round. UNI-M Ventures, managed by Gunnwant Vaid and Aniket Gore, Nikhil Vora, the Founder of Sixth Sense Ventures, and Multiply Ventures, to name a few, were among the investors who believed in the brand. The … Read more
Founded in 2011, Hakuna Matata is a leading digital transformation solutions provider for Manufacturing, Distribution & Logistics firms. Hakuna Matata develops mission-critical business applications that enable enterprises to improve their operational efficiency and Sales. They offer Industry 4.0 solutions that span across connected Man, Machines & Materials, and digital supply chains, process digitization, and preventive maintenance solutions. By deploying … 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
Dunzo, India’s leading quick commerce player, has raised US$240M in its latest round of funding. The investment was led by Reliance Retail Ventures Limited (“Reliance Retail”), with participation from existing investors Lightbox, Lightrock, 3L Capital and Alteria Capital. With an investment of US$200M, Reliance Retail will own 25.8% stake on a fully diluted basis. This … Read more
ReadyWorks, a digital platform conductor (DPC) that leverages AI and intelligent automation to reduce the risk and costs of IT infrastructure transformation, announced today that it has closed $8 million in Series A financing led by Credit Suisse Asset Management’s NEXT Investors. With this investment, ReadyWorks will expand its technology platform to help enterprises accelerate … Read more
VeriSIM Life, the leading artificial intelligence (AI)-enabled, unique R&D decisions de-risker for breakthrough drug development, today announced it has closed its oversubscribed $15 million Series A round. The financing was led by Morpheus Ventures. Additional new investors include Debiopharm Innovation Fund and Colorcon Ventures, with continued support from existing investors OCA Ventures, Intel Capital, Serra … Read more
Bag2Bag, a travel technology startup, based out of Bangalore, India which deals in online hotel booking have received their first external funding from a US based investor. This is still a tough phase in travel and hospitality sector, but Bag2Bag’s growth is significant, future plans are promising and the team is experienced which has established … Read more
Campus 365 Edunet Pvt Ltd, a Bengaluru-based edtech business, announced on Thursday that it has raised Rs 2.15 crore in seed funding led by Bengaluru-based angel investors. Campus 365 claims to offer a SaaS (software-as-a-service) platform that unifies school curriculum, teaching methods, and vendor resources. It was founded in 2017 by Mayank Singh, Sandeep Verma, … Read more
X0PA AI, a leader in AI-powered objective hiring solutions, today announced $4.2 million USD in Series A funding. The investment was led by ICCP SBI Venture Partners (ISVP), with additional funding from SEEDS Capital, AI8 Ventures, XCEL NEXT VENTURES, and SASV Investments. The new funding comes on the back of significant growth into new markets … Read more
Geniemode, a B2B cross-border sourcing and supply chain technology company for businesses, has raised $7 million (about Rs 52.5 crore) in a Series A investment led by Info Edge Ventures. Geniemode Global Pvt Ltd was created in March 2021 by Amit Prakash Sharma and Tanuj Gangwani with the goal of organising the global sourcing and … Read more
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
