TrulyMadly, an Indian-origin online dating and matchmaking platform for serious dating, announced that it has raised about Rs 8.1 crores from a bunch of angel investors and a venture capital firm, as per ETtech report. It raised pre-Series A funding from AngelList, Inflection Point Ventures (IPV), and The Chennai Angels (TCA). The round includes investments…
EVage, a Chandigarh-based mobility tech startup, has raised an undisclosed amount of funding from Dr Paolo Castagna, Ex Managing Director, Fiat India Automobiles Pvt Ltd. The mobility startup has built India’s 1st ‘Make in India’ ‘Exoskeleton Structure’ that will provide a common platform for the launch of SUVs, Vans, Delivery Vehicles and Trucks and is…
InnoVen Capital, India’s first and largest venture debt and specialty lending firm, announced it has invested Rs 25 crore in boAt, a lifestyle brand that deals in fashionable consumer electronics. Founded in 2016 by Aman Gupta and Sameer Mehta, Boat Lifestyle’s portfolio includes headphones, earphones, speakers, travel chargers and premium cables. Last month, the lifestyle…
Virtual Forest, a Bengaluru-based green technology startup, announced that it has raised funding from Napino Auto and Electronics Ltd, as per YourStory report. Financial details of the funding remain undisclosed. Started in 2019, Virtual Forest transforms ideas into innovative green technologies for home appliances like inverter air conditioners, BLDC ceiling fans, and solar pump controllers…
Niyogin, operates as a non-banking finance company in India, announced that it has acquired 51% strategic and controlling stake in iServeU for $ 8 million in a cash plus stock deal. Niyogin has been scaling its unique platform through a network of financial professionals and with products such as wealth, credit, and other SaaS-based products…
Apna.co, a Bengaluru-based global recruitment platform for blue/grey collar workforce, announced that it has raised $8 million in Series A funding from existing investors Lightspeed India and Sequoia Capital India. Other investors that participated in the funding round include Greenoaks Capital and Rocketship.vc. Founded in 2019 by Nirmit Parikh, Apna comprises vertical communities for skilled…
Quintype Technologies, a Bengaluru-based data-driven publishing platform for the mobile-first world, announced that it has raised Rs 25 crore in its Series A funding round from IIFL AMC, part of IIFL Wealth Management, as per ETtech report. Quintype will use the funds to further expand its operations and reach. “Digital publishing has seen a fundamental…
Klassroom, the Paris-based company that reinvents parent-teacher communication in pre-kindergarten and all elementary school grades, announced that it has just raised a $3 million seed round led by Bpifrance and several angel investors including Jerome Lecat, CEO at Scality, and Andy Myers, President at Waterford.org and former executive at Renaissance Learning. This funding will enable…
British Columbia Investment Management Corporation, alongside Brookfield Infrastructure Partners L.P. and its institutional partners, announced that they have acquired a 100 per cent stake in a telecom tower company in India from Reliance Industrial Investments and Holdings Limited, a wholly-owned subsidiary of Reliance Industries Limited. The total equity commitment for the transaction is approximately $3.4…
Eruditus, an edtech startup that partners with top-tier universities across the United States, Europe, Latin America, India, and China to bring professional education to a global audience at an affordable price, announced that it has raised $113 million in funding led by Leeds Illuminate and South African internet giant Prosus Ventures (Formerly Naspers Ventures). Other…
HomeLane, operated by Homevista Decor and Furnishings Pvt Ltd, announced that the platform has raised Rs 60 crore in a bridge funding round led by Stride Ventures. Stride Ventures has led the round with a Rs 20 crore debt commitment, HomeLane said in a statement. The remaining Rs 40 crore has come via equity funding…
Bikayi, a Y Combinator-backed B2B startup which provides free WhatsApp-integrated ecommerce store setup with payment gateways and order tracking, announced it has raised a seed round of $2 million from a clutch of international investors, including Mantis ventures, a VC fund promoted by the popular band Chainsmokers. Other investors that participated in the funding round…
Univ.AI, the Bengaluru-based institution that offers state-of-the-art Data Science and AI education with a focus on teaching artificial intelligence and data science online, announced that it has raised funding from Biocon Executive Chairperson and Founder Kiran Mazumdar-Shaw. Financial details of the funding remain undisclosed. The startup will use the funding to expand the scope of…
Cyient, a global engineering and digital technology solutions company, announced that it has agreed to acquire specialist Australian consulting firm, IG Partners, to expand its end-to-end offerings for the local and regional resources sector. The acquisition will enable customers to take advantage of the growing convergence of operational and information technologies by leveraging the synergies…
Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries Limited, announced that it is acquiring the Retail & Wholesale Business and the Logistics & Warehousing Business from the Future Group for Rs 24,713 crore, subject to adjustments as set-out in the composite scheme of arrangement. The above acquisition is being done as part of…