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
Bytebeam, a Bengaluru-based B2B startup that simplifies Internet of Things (IoT) solutions, has received $3 million in seed funding from Together Fund, Accel, and STRIVE VC. AdvantEdge VC, backed by the Motherson Group, Phanindra Sama, founder of redBus; Tanmai Gopal, cofounder of Hasura; Vimal Kumar, founder of Juspay; Mekin Maheshwari, former CPO at Flipkart; Deepak … Read more
Dr. Vinay Jain of Witty Group of Institutions has invested an undisclosed amount in Mumbai-based edtech startup Ednovate in a Series A fundraising round. Other angel investors in the round were Ajay Sarupria and Kaushik Mehta. The new funds will be utilised to grow the company’s operations in India and around the world. In the … Read more
Katanox, the travel accommodation distribution and fintech platform, has raised $ 5.7 million from a group of financial, hospitality, and tech entrepreneur family offices to overhaul and reconfigure B2B distribution in hospitality. The group of investors includes Rappi and Yuno co-founder Juan Pablo Ortega, co-founder of fintech Dimebox and current co-founder and CEO of Founda Jan Joost Kalff, and … Read more
Stord, the cloud supply chain leader, announced today that it has raised an additional $120 million in Series D financing led by Franklin Templeton, bringing the total round to $210 million. Now valued at roughly $1.3 billion, Stord recently crossed $200 million in annualized revenue run-rate and has raised $325 million in total funding. Participants across the entire Series D financing included new investors Sozo … Read more
In an angel fundraising round, VS Mani & Co, a speciality south Indian food firm, raised 2.5 crore. According to a press release issued by the company, angel investors included Haresh Chawla, partner, True North Co; Anupam Mittal, founder and CEO Individuals Group; Ashish Hemrajani, founder & CEO, BookMyShow; Sidharth Rao, group CEO DentsuMB; RajanNavani, … Read more
ADM Capital has invested $15 million in loan and equity for Bengaluru-based edtech firm iNurture. As part of the arrangement, iNurture’s current investor VenturEast will exit the company, and ADM Capital will take over its shares. The new funds will be used to expand iNurture’s National Education Policy 2020 (NEP) programmes, improve its technology stack, … Read more
Tomorrow Farms, a food technology company on a mission to fuel the sustainable food revolution with irresistible food and beverage brands, announced today an $8.5 million seed round led by Lowercarbon Capital and additional key investors, including Maveron, Valor Siren Ventures, Simple Food Ventures and SV Angel. Working to become the trusted, household name for the future … Read more
Bizzo, a technology startup, revealed on Thursday that it had received $2 million from a consortium of investors led by ICICI Bank and Orios Venture Partners. Bizzo, which was founded in 2021 and has its headquarters in Mumbai, enables service providers grow, scale, and organise their operations digitally, including automating bookings 24 hours a day, … Read more
Byju’s, India’s largest ed-tech firm, plans to invest $200 million to expand and grow its hybrid tuition business. Over the next two years, the infusion will take place. “We have USD 200 million to invest over the next two years for use in exponential expansion of the ‘Tuition Centre model,” Himanshu Bajaj, head of Byju’s … Read more
Vedantu, the edtech behemoth, has laid off 200 people. This news comes nearly seven months after the Tiger Global-backed firm joined the unicorn club. With this statement, the Bengaluru-based company joins over a half-dozen other growth-stage startups that have lately let off a major portion of its personnel. While Vedantu claims it is part of … Read more
Mindler, leading EdTech platform for career guidance and planning, has raised its Pre-Series A round of $1.5 million from investor groups associated with Edupreneur Village, Ecosystem Ventures, Inflection Point Ventures, and Chennai Angels. Edupreneur Village has invested $200K through its partner nVentures, a Singapore based VC Fund. Edupreneur Village (part of Sri Aurobindo Society) is … Read more
VitroLabs Inc, a Bay-Area-based biotech company leading the development of a new scientific process to grow the world’s first cellular cultivated animal leather, today announced that it has closed its Series A financing to build and scale pilot production. The company has raised a total of $46 million. Series A funding is led by Agronomics; other … Read more
ALLEN Career Institute (ALLEN) and Bodhi Tree Systems have announced a strategic partnership with the goal of building the world’s most admired and trusted education brand. ALLEN is an education powerhouse with an unparalleled track record of success in the world’s most competitive college entrance examinations and Olympiads. ALLEN has a pan-India footprint with a growing … Read more
