BluSmart, an electric ride-hailing network, has raised $25 million in a follow-up to its Series A fundraising round, which concluded in September 2021. The fundraising round included $15 million in equity and $10 million in venture loan. The equity fundraising round, led by BP Ventures and Green Frontier Capital, included previous investors, while the venture … Read more
SucSEED Indovation Fund, based in Hyderabad, has invested in Ving Hybrid Technologies India Pvt Ltd. Ving Hybrid Technologies is based in Singapore and India and was founded by two ex-Cisco executives. Ving Hybrid wants to democratise Video Conference Rooms by providing a “One Stop VC Room Solution” with the goal of “simplifying cooperation.” Ving offers … 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
According to employees interviewed by Moneycontrol, healthtech business MFine, owned by Novocura Tech Health Services, has cut off around 500 employees due to a financial shortage at the Beenext and Stellaris-backed startup. The Bengaluru-based business employs around 1,000 people and has laid off workers in the data science, engineering, and product areas. A few individuals … Read more
Major League Cricket in the United States has revealed that they have raised 120 million dollars in a series A and A1 fundraising round that includes Silicon Valley heavyweights like Satya Nadella. According to MLC, the six-team franchise T20 league sanctioned by USA Cricket, 44 million dollars has been secured following the completion of these … Read more
Imagindairy, Ltd, a foodtech business that develops animal-free milk proteins, has raised an extra $15 million in its extended seed round. The first round, which took place in November 2021, raised US$13 million. This raises the total investment capital to US$28 million, making it one of the most profitable seed rounds in the alternative protein … Read more
Bravado, the professional network for B2B sales, today announced it has raised $26 million in Series B funding led by Tiger Global. The round included community participation from 250 Chief Revenue Officers and VPs of Sales, along with prominent angels like Zynga founder Mark Pincus, Lenny Rachitsky and the Airbnb alumni syndicate, Packy McCormick, and Sahil Bloom. Existing investors Redpoint Ventures, XYZ Ventures, Freestyle … Read more
EdTech startup Pressto is proud to announce its Pre-Seed Capital raise of $1.5 million led by Tidal Venture Partners and with participation by Copper Wire Ventures as well as angels including Isa Watson (Lightspeed Ventures Scout Fund), Wray Thorn (Clear Heights Capital), Dan Carroll (Clever), Ann Berry (Threadneedle Ventures), Jacob Zachs (former Newsela), Chris Yeh (Blitzscaling Ventures) and Alex Rappaport (Flocabulary). Pressto’s proprietary technology makes learning to write fun for kids and easy for teachers. … Read more
Coins.ph, the Philippines’ leading fiat, and crypto wallet services provider and Joffre Capital portfolio company, today announced the successful completion of a $30 million Series C financing led by Ribbit Capital, and joined by other strategic investors. The new capital will be used to further expand its Web3 ecosystem and presence throughout Southeast Asia. Coins.ph … Read more
Smytten, a product discovery and trial platform powered by technology, has raised Rs 100 crore in Pre-Series B funding from Fireside Ventures and Roots Ventures. Sharrp Ventures, Waao Partners, Survam Partners, and Sattva Group Family Office also participated in the fundraising round. The company’s valuation, while secret, has doubled as a result of this funding. … Read more
O’2 Nails, a fast-growing consumer and fashion retail firm specialising in nail care, has acquired $75,000 in funding from Atal Incubation Centre – BIMTECH and other notable investors as part of the Government of India’s Startup India initiative. The Seed Fund Scheme provides capital in the form of debentures. Under their “Gurukul” programme, AIC – … Read more
Few sources with firsthand knowledge of the situation said that Singapore’s sovereign wealth fund, GIC, has managed to steal the show by announcing that it is in talks to buy a major minority stake in direct-to-consumer cosmetics and personal care firm Wow Skin Science for $75 million. WowSkin Science, founded in 2014 by brothers Manish … Read more
Fyllo, an agritech firm, has secured $2 million in a round headed by IAN, Triveni Trusts, Ninjacart, and new investors Venture Catalysts, StarAgri, Kia Ora Ventures, Singularity Ventures, Mastermind Capital, and Angel investors. Fyllo, a data-driven Agri-science platform founded in 2019, ensures the quality and quantity of agricultural produce. Their IoT technology identifies and measures … Read more
ApnaKlub, an FMCG wholesale platform for low population density areas, revealed on Thursday that Tiger Global has invested $10 million in its Series A round. In August 2021, they raised $4 million from Sequoia India’s Surge, Blume Ventures, Whiteboard Capital, and Flourish Ventures. The Bengaluru-based firm, founded in 2020 by HBS alumni Shruti and Manish … Read more
BharatX, a Y-Combinator-backed startup, has raised $4.5 million in a seed round from Y Combinator, 8i Ventures, Multiply Ventures, Soma Capital, and other investors to enable integrated credit in India. Java Capital, an existing investor, also took part in the round. BharatX, founded in 2019 by Jindal, Eeshan Sharma, and Shyam Murugan, offers integrated credit … Read more
Ather Energy, based near Bengaluru, has raised $128 million in a new investment round led by sovereign wealth fund National Infrastructure Investment Fund (NIIF) and current backer Hero MotoCorp. In this round, Hero MotoCorp has put in $56 million (approximately Rs. 420 crore), with the remainder of the money coming from NIIF. Other previous investors … Read more
