NAKAD, a supply-chain-focused finance firm, announced on Wednesday that it has secured $7 million in a seed round led by Accel and Matrix Partners India, with AdvantEdge Founders participating. The Delhi-based firm, which provides working finance to India’s supply chain micro, small, and medium enterprises (MSME), said it will utilise the funding to expand its … Read more
QTUM, an open-source public blockchain platform, will be partnering with global digital asset investment platform Bit.Store. As per the partnership, Qtum will access the payment ecosystem of Bit.Store, while Bit.Store will incorporate the QTUM token into the platform system. Bit.Store has accumulated hundreds of thousands of users and is popular in the Southeast Asian market. … 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
NFTICALLY, India’s first global NFT marketplace creator & B2B SaaS is excited to announce that now it will allow the minting of NFTs without any gas fees on the Polygon network. The feature is enrolled to support the pockets of the users who earlier paid hefty amounts as a minting fee and were held back … Read more
HONO, a prominent HR digital solutions provider, revealed that it had raised $5 million in a series A fundraising round led by Aakash Chaudhry, managing director of Aakash+BYJU’s, a test-preparation firm. Other individual investors such as Hemant Sultania, Amit Khanna of Amaya Ventures, and Harsh Gupta of Udayat Group contributed the remaining $1 million to … Read more
GoKwik, an e-commerce enabling firm, has secured $35 million in a Series B round headed by RTP Global and Think Investments. Existing investors Sequoia Capital India and Matrix Partners India also participated in the round. The fresh capital follows GoKwik’s $15 million Series A round in November of last year, bringing the company’s total fundraising … 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
Today, the BIG3 announced that Snoop Dogg – the legendary entertainer and member of Mt. Westmore – and Ken Howery – co-founder of PayPal and successful venture capitalist – have teamed up to purchase 25 Fire-Tier editions of Bivouac, receiving ownership-like value and utility in the team. This purchase follows the recent announcement that NFT communities DeGods, Gary … Read more
Klub, India’s leading Revenue Based Financing platform, today announced that it has funded more than 15 growth & late-stage online businesses through its Rs. 200 crores Revenue Based Financing fund. The fund’s diverse portfolio consists of digital businesses such as the popular online apparel platform, Bewakoof, India’s largest gourmet chocolate brand, SMOOR, Gourmet Garden, The New Shop & many more. … Read more
Jobandtalent secured USD 250 million debt financing from US investment banks Citi, Goldman Sachs and European investor AnaCap Financial Partners (“AnaCap”). The debt financing will allow Jobandtalent to facilitate tangible benefits and enhance its foundation for innovative financial products offered to workers. For example, it will be used to enable daily payments and free early … Read more
Universal Robots, the Danish producer of collaborative robots (cobots), has reported record Q1 revenue of USD 85m, 30% up on its 2021 Q1 revenue. Kim Nørgaard Andreasen, Chief Financial Officer, Universal Robots, said, ‘Reporting record Q1 revenue at a time when businesses across the world are facing disruption from the pandemic, supply chain challenges and … Read more
Drone manufacturer ideaForge has concluded a $20 million Series B fundraising round headed by Florintree, which is run by Mathew Cyriac, a former Blackstone India private equity co-head. Existing investors such as Celesta, a famous deep tech investment firm, Infosys, Qualcomm, and Infina, as well as the Exim Bank of India, participated in the round. … Read more
Fitspire, a vegan health and wellness firm, has acquired $300,000 in funding from Ivor Braganza and Rajesh Sud, two worldwide marquee investors. Fitspire, founded in 2020 by IIM Lucknow graduate Vipen Jain, offers a variety of nutritional health and wellness products. Fitspire produces Vegan Proteins, Multivitamins, Vitality, Healthy Snacking (Bars and Peanut Butter), Weight Management … Read more
upGrad, Asia’s higher EdTech major with a strong presence across the APAC doubles down on the Vietnam region to address the strong local demand for digital-first education, as the country heads towards Industry 4.0. The Edtech major has recently appointed Ex-OYO Dushyant Dwibedy as the Vietnam Country Head with a mandate to build a strong … Read more
Native Angels, a Tier II and III region-focused angel investor network, led a Rs 1.15 crore angel fundraising round for Coimbatore-based agro firm Laymen Agro Ventures, which operates under the VilFresh brand. Upaya Social Ventures and Sangam Ventures also took part in the round. The business hopes to use the funds to expand to five … Read more
CoinDCX, India’s most valuable crypto trading platform, has secured $135.9 million (about Rs 1,000 crore) from investors led by Pantera Capital and Steadview Capital, more than doubling its valuation to $2.15 billion in less than a year. The money comes as cryptocurrency exchanges in India are subjected to new taxation restrictions. Due to limited access … Read more
