FRND, a Bengaluru-based audio romance and friend finding firm, has raised $6.5 million in a Series A round headed by KRAFTON, Inc., the producers of the massively popular battle royale game BATTLEGROUNDS MOBILE INDIA (BGMI). India Quotient and Elevation Capital, who had previously invested in the company, also participated in this Series A round. Bhanu … Read more
Pi Green Innovations, a cleantech company committed to creating sustainable solutions for a greener future has announced that it has secured over $4.5 million in Series A funding. The round was led by the Investment Fund of Opus Consulting with a total of $4.3 million. The round also saw participation from some strategic investors. Previously, Mr. Harshal Morde, Director … Read more
MoEVing, India’s leading e-mobility technology platform, today announced its total seed funding of USD 5 million, including USD 1 million raised earlier this year, from accomplished entrepreneurs, private equity and investment banking professionals and automotive industry experts. The investors in the latest round include D.S. Brar, Promoter-Chairman, Aragen Life Sciences; Anshuman Maheshwary, COO, IIFL Wealth and Asset Management; Dr. … Read more
Atomberg Technology, a consumer product company, has raised $20 million in growth funding from Jungle Ventures and Inflexor Ventures. Existing investors such as A91 Partners and notable angel investor Ramakant Sharma, Co-founder of Livspace, also participated in the round. Atomberg, founded in 2012 by Manoj and Sibabrata Das, invented the ‘Brushless DC Motor’ (BLDC) technology … Read more
Bureau, a frictionless identity verification and fraud protection platform, announced on Thursday that it has raised $12 million in a Series A round led by Quona Capital and Commerce Ventures, with participation from Okta Identity and strategic angels Mark Britto, EVP Chief Product Officer at Paypal, and Bobby Mehta, Retd. President and CEO of TransUnion. … Read more
Enmovil Solutions, a logistics technology firm based in Hyderabad, has raised Rs 10 crore in Pre-Series A funding backed by Anicut Angel Fund. In addition to KCT Group, Blackbird Investments, and RB Investments, the company saw participation in this round from KCT Group, Blackbird Investments, and RB Investments. Enmovil is an OEM-centric multi-modal logistics technology … Read more
Frendy, a Gujarat-based community group purchasing platform, has raised Rs 10 crore in pre-Series A funding from Pavitar Singh, Abhishek Khurana, and the Desai family office. Frendy, which is run by Areli Commerce Pvt Ltd, was launched in 2019 by Sameer Gandotra, who got his start with Nebula, a social commerce-based affordable home developer. Through … Read more
TranZact, a SME-focused SaaS firm, has raised $7 million in Series A funding from Tribe Capital, with Prime Venture Partners, Gemba Capital, and Kae Capital also participating. Other angel investors who participated in this round included Suhail Sameer of BharatPe, Sriram Krishnan of Ex-Spotify/Tinder, Zetwerk co-founders, OfBusiness co-founders, Devendra Rane of Paytm, Giridhar Malpani of … Read more
Bengaluru-based BharatX, a fintech firm that enables consumer placing platforms to offer credit-as-a-feature, has secured $250,000 (about Rs 1.81 crore) in a pre-Seed investment round spearheaded by prominent angel investors and other industry experts to help the Indian market embrace Embedded Credit. Mehul Nath Jindal, Eeshan Sharma, Shyam Murugan, and Siddharth Venu, who are also … Read more
Actress and social media sensation, Arishfa Khan has turned entrepreneur. Seen in TV shows such as Chhal – Sheh Aur Maat, Ek Veer Ki Ardaas… Veera, Jeannie Aur Juju, Uttaran, Meri Durga and several music videos, Arishfa Khan has been ruling social media since long. The 18-year-old is an inspiration to many girls out there … Read more
Zorro, a fictitious social networking platform, has secured $3.2 million in a seed round headed by 16 unicorn and soonicorn creators. Vijay Shekhar Sharma, Paytm’s founder and CEO; Ritesh Agarwal, OYO Rooms’ founder and CEO; Ankiti Bose, Zilingo’s founder and CEO; Kunal Shah, Founder and CEO, CRED; Ashish Hemrajani, Founder and CEO, BookMyShow; Ashneer Grover, … Read more
Ultraviolette Automotive Pvt Ltd, a Bengaluru-based electric two-wheeler startup, has allegedly secured $14.85 million (Rs 112.5 crore) in a Series C financing from TVS Motor and Zoho Corporation. Ultraviolette is a company that designs, develops, and manufactures electric two-wheelers and accessories. It was founded in 2015. In October of last year, the business raised Rs … Read more
Shiprocket, a logistics start-up, has signed definitive agreements to raise USD 185 million (INR 1,380 crore) in a Series E fundraising round led by Zomato Ltd, Temasek, and Lightrock India. On this transaction, Avendus Capital served as Shiprocket’s only financial advisor. The newly raised funds will aid the company in furthering its aim to democratise … Read more
Samosa Party, a snack-focused cloud kitchen platform supported by angel investment platform Inflection Point Ventures, has received $2 million (Rs 15 crore) in its pre-Series A funding round. Samosa Party, founded by Amit Nanwani and Diksha Pande in 2017, delivers a variety of samosas and tea to customers’ doorsteps. The company now has 15 locations … Read more
CloudSEK, a digital risk management and cybersecurity platform provider based on artificial intelligence (AI), raised $7 million (Rs 50 crores) in a Series A financing headed by MassMutual Ventures on Wednesday. The current round brings the platform’s total funding to $10 million. CloudSEK, founded in 2015 by Rahul Sasi, uses artificial intelligence to forecast cyber-attacks … Read more
Exponent Energy, a technology firm focused on making energy for electric cars (EVs) easier to understand, revealed on Wednesday that it had raised $5 million in a pre-Series A round of funding. YourNest VC, an existing investor, led the round. The funds raised will be used to start commercial operations and scale them across multiple … Read more
AgentSync, the company building technology to power growth across the insurance industry, today announced a $75 million Series B at a $1.2 billion valuation, making AgentSync the only unicorn building infrastructure specifically designed to make the $1.3T US insurance industry run more efficiently. Led by Valor Equity Partners with participation from Craft Ventures, Tiger Global, … Read more
Housing technology startup Jupe announced $9.5 million in seed funding led by Initialized Capital with participation from Y Combinator. The money will be used to hire a CTO and a wider team of software and hard tech engineers and to execute its mission to make off-grid mobile living more affordable, faster, and efficient. Since launching … Read more
Moengage, a Bengaluru-based insights-led consumer engagement platform, announced on Tuesday that it had raised $30 million in Series D funding, more than doubling its previous Series C1 investment of $32.5 million in July. Steadview Capital led the investment, with existing investors Multiples Alternate Asset Management, Eight Roads Ventures, F-Prime Capital, and Matrix Partners also participating. … Read more
Hometap, which provides a smart, new loan alternative for tapping into home equity without taking on debt, today announced it has raised $60 million of new operating capital in a funding round led by American Family Ventures along with new and existing investors including Bain Capital, ICONIQ Capital, LLC, G20 Ventures, Pillar, and General Catalyst. … Read more
