Category: Investment

Fintech startup Razorpay raises $100 mn in Series D funding led by Sequoia, GIC

Razorpay, a Bengaluru-based fintech startup has announced that it has raised $100 million in Series D funding led by GIC, Singapore’s sovereign wealth fund, and Sequoia Capital India. With this funding, the startup entered the unicorn club amidst the coronavirus pandemic.  Existing investors Y Combinator, Matrix Partners India, Tiger Global, and Ribbit Capital also participated…

Patna-based Ergos Business Solutions raises Rs38.5 cr from Chiratae Ventures, Aavishkar Capital

Ergos Business Solutions, a transformational bank for the farmer which leverages technology to seamlessly provide custodial services (warehousing, loans, & market-linkages) thereby enabling the farmer to convert his produce to a financial asset, has announced that it has raised Rs 38.5 crore in Series A funding. The funding round was led by Chiratae Ventures and…

Bengaluru-based Unocoin raises funding from Draper Associates, others

Unocoin, an Indian bitcoin processor that enables users to buy, sell, store, use, and accept bitcoins has announced that it has raised funding from Draper Associates, along with participation from XBTO Ventures and 2020 Ventures. Founded by Abhinand Kaseti, Harish B V, Sathvik Vishwanath and Sunny Ray, Unocoin’s users can print paper wallets and import…

India’s Locus invests €2 mn in Europe for smart logistics solutions

Locus, a global B2B Software-as-a-Service (SaaS) company that automates human decisions in logistics, announced that it is investing €2 million in Europe for product and business development. The company’s smart logistics solutions will help reduce carbon emissions and increase operational efficiency. Locus uses deep machine learning and proprietary algorithms to offer smart logistics solutions like…

MessageBird raises $200 mn Series C funding led by Spark Capital

MessageBird, the world’s leading omnichannel cloud communications platform, has announced the closing of a new $200 million Series C round led by Silicon Valley’s Spark Capital at a $3B valuation. Other investors such as Bonnier, Glynn Capital, LGT Lightstone, Longbow, Mousse Partners and New View Capital also participated in the funding round. As part of…

Warburg Pincus plans to invest Rs700 cr in Home First

Warburg Pincus, a US based private equity firm, through it’s affiliate Orange Clove Investments BV has announced that it has entered into an agreement to invest about Rs 700 crore in Home First Finance Company India Ltd on October 2, 2020.  The announcement came in from the leading global private equity firm focused on growth…

Delhi-based startup Pesto Tech raises funding from angel investors

Pesto Tech, a career accelerator for software engineers has raised funds from a group of angel investors. Ryan Hoover, Founder of Product Hunt; angel investor Anand Chandrasekaran; Ankur Nagpal, Founder and CEO of Teachable; Sahil Lavingia, Founder and CEO of Gumroad; Hiten Shah, Co-founder and CEO of FYI, usefyi.com; Andreas Klinger, Investor at Remote First Capital;…

SaaS startup Omnify raises pre-Series A funding, appoints Nikhil Moorjani as Chief Growth Officer

Omnify, a Global SaaS platform for small services business based out of San Francisco has announced the close of its Pre-Series A funding round led by AngelList Syndicate and Sequoia Scout, according to YourStory report. Angel investors that took part in the funding round include Ramakant Sharma (Co-founder, LivSpace); Anand Chandrasekharan (Executive Vice President, Product…

Mahindra Holidays acquires strategic minority stake in Rocksport

Mahindra Holidays & Resorts India Limited (MHRIL), India’s leading vacation ownership company, and part of the US$ 19.4 billion Mahindra Group, announced acquisition of a strategic minority stake (6.67% stake) in Great Rocksport Private Limited, (Rocksport) Asia’s largest adventure program that introduces participants to the exciting world of soft adventure activities and outdoor experiences. Commenting…

Veritonic raises $3.2 mn Series A funding led by Greycroft

Veritonic, the world’s first audio intelligence platform has announced that it has raised $3.2 million led by Greycroft with participation from Lerer Hippeau and Audible, an Amazon company. The new investors were joined by existing investor Newark Venture Partners, which led the previous round of funding. Veritonic will use the funding to hire top talent…

Bengaluru-based Gourmet Garden raises fresh funding from Incubate Fund India, Whiteboard Capital

Gourmet Garden, the Agricultural technology startup based in Bengaluru has raised a fresh funding from Incubate Fund India and Whiteboard Capital, according to ETtech report. The startup was founded by Arjun Balaji, a former partner at McKinsey, and Vishal Narayanaswamy.  The company plans to use the funds to expand to Chennai, Mumbai and Delhi, scale…

Treebo Hotels raises $6 mn in fresh funding from existing investors

Treebo Hotels, the Bengaluru-headquartered budget hospitality chain, announced that it has raised $6 million in fresh funding led by its existing set of investors – Matrix Partners India, SAIF Partners, Ward Ferry and Bertelsmann India, according to ETtech report. The latest round of financing comes more than three years after Treebo raised $34 million in…

Govt of India approves Samsung, iPhone makers for Rs10.5 lakh cr smartphone incentive plan

The Government of India has approved applications of Samsung and 3 Apple iphone makers — Foxconn Technology Group, Wistron Corp., Pegatron Corp., to manufacture mobile phones in the country over the next five years. They are among the 16 companies that won approval under the Production-Linked Incentive scheme (PLI).  According to the Indian Ministry of…

Infosys to acquire Blue Acorn iCi

Infosys, a global leader in next generation digital services and consulting, announced a definitive agreement to acquire Blue Acorn iCi, Adobe Platinum partner in the US, and a leader in digital customer experience, commerce and analytics.  The move further strengthens Infosys’ end-to-end customer experience offerings and demonstrates its continued commitment to help clients navigate their…