TruCap Finance Limited (TRU) has announced a binding agreement to raise up to Rs. 105 Cr (nearly US$13.1 million) in a combination of equity shares, convertible warrants, and non-convertible debentures from Zeal Global Opportunities Fund. The fund raise would comprise of Rs. 80 Cr of equity and convertible warrants, while up to Rs. 25 Cr. would … Read more
MemryX Inc., a pioneering startup focused on accelerating artificial intelligence (AI) processing for edge devices, announced today it has opened an engineering center in Bangalore, India. The opening of the Bangalore site is complementary to existing MemryX engineering capabilities in Taipei, Hsinchu, and Ann Arbor. MemryX offers a differentiated high efficiency, low power, and scalable Edge AI solution that is … Read more
NF3, a community-first NFT swaps and financing marketplace, announced today that it closed a US$1.65 Million seed funding round. The round is led by Infinity Ventures Crypto and Spartan Group and supported by DWF Labs, and Saison Capital. Angel investors include Neil Gomes, EMEA Head of Fintech at Softbank, David Chreng, Founding Partner at LeadBlock and Bitmex Co-founder Arthur Hayes. NF3 was … Read more
The deal gets EaseMyTrip to foray into the growing air charter services market in India and abroad. EaseMyTrip, India’s one of the largest online travel tech platforms, today announced it will invest in and acquire* Gujarat’s GIFT city-based Nutana Aviation. The acquiree* company is in the business of offering charter solutions to clients in India … Read more
Intugine, a real-time multimodal supply chain visibility startup, has raised INR 19 Crores in a pre-series A round led by Mela Ventures and co-financed by Kaleesuwari Group and Innoport. Round also saw participation from marquee investors, including SaaS founders Harsh Shah, Co-founder of Fynd; Anshul Rai, Co-founder and CEO of Happay; and Kashyap Deorah, Founder … Read more
Vananam Ventures Pvt Ltd, a Bengaluru- based alternative investment platform, held a Start-Up Inclusion Summit on Saturday, Nov 26, where the Honourable Minister of Finance and Corporate Affairs, Government of India, Smt. Nirmala Sitharaman was the Chief Guest. She appealed to the start-ups to focus on climate change and farming solutions. Addressing the national-level summit organised by Vananam to … Read more
Kotak Mahindra Bank Limited today announced that it will be providing finance to dealers onboarded on actyv.ai, an AI-powered enterprise SaaS platform. KMBL will provide short-term finance under the ‘Buy Now, Pay Later’ category for working capital needs of dealers. Sunil Daga, President & Head – Business Banking Assets, Kotak Mahindra Bank said, “Small business … Read more
Fordefi, a financial technology and software company, today announced an $18 million seed round and the public launch of its institutional MPC wallet built for transacting on decentralized applications (dApps). Led by Lightspeed Venture Partners, the investors of the firm’s initial capital raise also include Electric Capital, Alameda Research, Jump Crypto, Castle Island, Pantera Capital, Illuminate Financial, PayPal … Read more
Hyderabad-based Askmeoffers, a leading global, multinational technology company offering high-quality discounts and vouchers be it electronics, footwear, factory equipment, books, jewellery, Fashionwear, Hotels, Travel, Everyday rides and hundreds more categories have surpassed 5 million plus subscribers recently. Askmeoffers in its initial stages of launch initially started as an online book marketing platform. The company later expanded … Read more
Remedo, which helps doctors build their digital identity and convert patient engagement into a better reputation online, has secured an undisclosed amount in Fundraise from Hyderabad headquartered SucSEED Indovation Fund and other investors, Whiteboard capital, Titan capital, Suashish family office and angel investors such as Shashvat Nakrani (BharatPe), Krishnan Menon (Lummo) and Varun Sadana (Supertails) as … Read more
Residential solar company SolarSquare, today announced its Series A funding of ₹100 Cr led by Elevation Capital and Lowercarbon, Chris Sacca’s multi-billion-dollar climate-tech fund. The round also saw participation from existing investors Good Capital, Rainmatter and also angels such as Vidit Atrey & Sanjeev Barnwal (Meesho). The company had announced a ₹30 Cr seed round … Read more
Origin Ventures and Felton Group led a $17 million fundraising round for Fringe, an HR digital startup that enables businesses to offer employees customisable perks and incentives. According to CEO Jordan Peace, the funds will be used to develop new products, expand Fringe to more nations, and increase the team’s size from 72 to over … Read more
In an exciting Q4 announcement from the largest and fastest growing payments services provider in the MENA region, HyperPay has unveiled a new logo, along with a complete brand overhaul in view of exciting expansion plans set for 2023. The news comes on the heels of HyperPay’s recent SAR 138M funding round led by Mastercard, with investments … Read more
India’s leading and fastest-growing social e-commerce player, DealShare is all set to penetrate deeper into the homes of its new to internet 500 Mn users target group with the launch of its own Brands’ portfolio. This launch is an extension of the brand’s core philosophy of giving India’s middle and lower-middle-income group access to high-quality … Read more
Xyte, pioneer of the first-of-its-kind Connected Device Management Platform (CDMP), has raised $10M in debt funding to meet its customers’ growing demand for flexible equipment financing solutions. The financing was provided by growth debt investor Kreos Capital and complements the existing equity finance raised by Xyte. With its Connected Device Management Platform (CDMP) – a suite of … Read more
Cloud platform Voilà! announces the closing of its $13.75M CAD Series A funding round, led by Walter Ventures, with participation from Desjardins Capital and Investissement Quebec. This funding round will allow the company to further its mission to help businesses combat labor shortages. Released in 2016, Voilà! delivers workforce optimization tools to simplify schedule management, … Read more
Elevation Capital, Jungle Ventures, and Venture Highway participated in a $15 million Series A round of funding for Drivetrain AI, a financial planning and monitoring platform for expanding businesses and organisations. In addition, the investment round included contributions from close to 25 angel investors, consultants, founders, and C-Suite executives from technology businesses. Alok Goel, a … Read more
Edtech unicorn Vedantu has acquired a majority stake in Deeksha (Ace Creative Learning) at a deal size of $40 million. Deeksha, a test preparation platform for board and competitive exam coaching for kids in grades 9 through 12, was established in Karnataka in 1998. With 39 locations, it is present in three states: Telangana, Andhra … Read more
Inga Ventures (Inga), in partnership with TIH Limited (TIH), Singapore, is launching a ₹ 1,250 mn private equity fund “Ekkum TIH Emerging Opportunities Fund” for investing in mid-size enterprises in India. The Fund has received commitment of ₹ 250 mn from the sponsors and their affiliates. The Fund will infuse growth capital in mid-size emerging … Read more
Blockchain Founders Fund , a venture capital fund that focuses on early-stage Web3 startups globally has received funding from Octava Digital Assets, the digital asset team of the Singapore-based family office Octava which invests across the spectrum from seed to publicly traded cryptocurrencies. Octava joins the lineup of distinguished investors of BFF including Shima Capital, NEO Global Capital (NGC), Tsangs Group, Baksh Capital, … Read more
