Rocketship.vc, a Silicon Valley-based early-stage venture capital firm which has invested in Indian startups such as NoBroker and Moglix, announced that it has raised $100 million for its second fund. “Today, we’re excited to announce that we have closed our second fund – totaling $100 million – to help us democratize access to venture funding…
ZipLoan, a New Delhi-based fintech lending platform that provides loans to MSMEs, has raised a Rs 15 crore debt funding from Stride Ventures, a venture debt fund firm. According to a statement from Stride Ventures, this is its first foray into fintech lending and the funding will be disbursed across two tranches. The firm believes…
Medtronic, the global leader in medical technology, announced the acquisition of privately-held Companion Medical, manufacturer of InPen — the only U.S. FDA-cleared smart insulin pen system paired with an integrated diabetes management app on the market. The addition of Companion Medical’s InPen to the Medtronic portfolio expands the company’s ability to serve people where they…
Torre, a new professional network for remote job seekers and recruiters, announced that it has oversubscribed its $5 million seed funding investment round. With more than 7,000 openings per month, Torre has positioned itself as the largest platform that compiles remote full-time jobs and gained substantial momentum since its 2018 inception. The round’s investment stack…
CityCash, a Mumbai-based fintech startup bringing state-of-the-art technologies and disruptive business models in the digital payments space, announced that it has raised $1 million seed funding from Orios Venture Partners, an early-stage venture capital fund. CityCash will use the current financing for expanding market access, merchant ecosystem, and to develop technology to deploy Open Loop…
Terra.do, an online climate school, announced that it has closed a $1.4 million seed round led by Stanford Angels and Entrepreneurs (India), Beenext Emerging Asia, Zerodha-backed Rainmatter Capital, and prominent angels from the Indian and US ecosystem, according to YourStory report. The startup runs online learning programmes and has a community that helps individuals across…
BigHaat, a Bengaluru-based agritech startup, announced that it has raised over $2 million in pre-Series A funding round, according to YourStory report. Investors that participated in the funding include Rockstud Capital, BigHaat’s existing investor Ankur Capital, and angel investors. The startup will use the capital to scale its data and technology. The company is going…
Equinix, the global interconnection and data center company, announced its expansion into India through the acquisition of the India operations of GPX Global Systems. The all-cash transaction value of $161 million represents a multiple of approximately 15x the projected EBITDA at full utilization. The acquisition will extend Platform Equinix to India with the addition of…
eyewa, a UAE-based eyewear e-commerce player, announced that it has raised a pre-series B bridge round of $2.5 million from Wamda Capital, EQ2 Ventures and Nuwa Capital. This is eyewa’s third funding round, it comes hard-on-the-heels of a mid-2019 Series A round of US$7.5million and US$1.1 million in seed round in 2018. This bridge brings…
Endiya Partners, an early-stage venture capital fund that invests in IP led Indian product startups, announced that it has received a commitment of Rs 75 crore (about $10 mn) from the International Finance Corporation (IFC), a member of the World Bank Group. IFC has also committed an additional $10 million for direct co-investments alongside Endiya…
Perpetuuiti Technosoft, the market leader in Intelligent Enterprise Automation and Organizational Resiliency Management, announced it has secured follow on funding from existing lead investor, Intel Capital. The Company will utilise the funding to expand Perpetuuiti’s efforts to accelerate product development of its Autonomous RPA, which will help reduce the Implementation timeframes from Months and weeks…
Altis Biosystems announced completion of a seed series investment from VentureSouth. Local investors including RTP Capital and Hatteras Ventures, and other syndicate partners across the US including Atlanta Technology Angels and Central Texas Angel Network also participated in the funding round. Altis was formed as a spin-out of the UNC-Chapel Hill Biomedical Engineering Department and…
Incomlend, a global online invoice trading platform that aims to democratize access to trade finance, announced that it has raised a $20 million Series A round led by Sequoia India. The CMA CGM Group, a world leader in shipping and logistics, has strengthened the existing partnership with Incomlend by also participating in the round, to…
DocSumo, a document AI startup that captures data from unstructured documents such as invoices & bank statements into structured formats, announced it has raised seed funding of $220,000 from Better Capital, TechStars, and Barclays. The startup will use this investment to strengthen its product, marketing, and sales engine, and also foray into newer markets like…
CUSMAT, a startup that builds high immersion training systems for enterprises, announced that it has raised an undisclosed amount of funding from Venture Catalysts. The funding round was led by Venture Catalysts investor — Raveen Sastry of Multiply Ventures, and also saw participation from Vaibhav Domkundwar, Better Capital; Rakesh Verma, Chairman, MapMyIndia; and Pratap Atwal,…