Bengaluru based group health insurance startup Plum recently announced that it has raised ₹7CR in a seed funding round. The round was led by Incubate Fund with participation from Gemba Capital and Tracxn Labs along with angel investors including Abhijit Gupta and Ram Sahasranam of Praxify Health, Sudheendra Chilappagari of Belong.co, Nitin Jayakrishnan of Pando…
goDutch, a Mumbai-based new-age fintech platform that powers group payments for millennials, announced that it has raised $1.7 million seed funding led by venture capital firm Matrix India along with investors including Y Combinator, Global Founders Capital, Soma Capital, and VentureSouq. Angel investors that took part in the current financing round include Justin Mateen, co-founder…
Robinhood, the Menlo Park, California-based fintech startup credited with helping popularize trading among millennials, announced that it has raised another $320 million in latest funding from new and existing investors at a valuation of $8.6 billion. Investors that took part in the current financing round include TSG Consumer Partners and IVP, and brings the seven-year-old…
Plum, a Bengaluru-based group health insurance startup that works with corporates, announced that it has raised Rs 7 crore seed funding led by Incubate Fund India, according to YourStory report. Other investors that took part in the seed funding round include Gemba Capital and Tracxn Labs along with angel investors, including Abhijit Gupta and Ram…
Arctic Vision, a clinical-stage biotechnology company incubated by Nan Fung Life Sciences and Pivotal BioVenture Partners China in 2019, announced that it has raised $32 million Series A financing led by Morningside Ventures, together with its existing investors. Arctic Vision focuses on the development and commercialization of innovative ophthalmology therapies in China and Asia. The…
RSG Group, Europe’s innovation leader in the fitness and lifestyle sectors, announced that it was selected as the winning bidder in a court- approved auction process held on July 13, 2020, and is set to acquire the most well-known and iconic gym chain in the world, Gold’s Gym. With this acquisition the RSG Group, which…
Internet giant Google recently said that it would spend around $10bn in India over the next five to seven years through equity investments and tie-ups, marking its biggest commitment to a key growth market. The investments will be done through a digitization fund, highlighting Google’s focus on the rapid pace of growth of apps and…
Voyager Space Holdings, the world’s first space-focused holding company, announced the acquisition of Pioneer Astronautics in a cash and stock transaction. Pioneer Astronautics is a hands-on research and development company dedicated to inventing and proving new technologies to advance humanity’s reach into space and improve life on Earth. “Today’s news marks the second acquisition for…
Yumlane, a Mumbai-based cloud kitchen startup owned by Qwikpik Technology Pvt Ltd, announced that it has raised $1 million pre-Series A funding led by Jetty Ventures. Yumlane will utilise the funds for expansion in new cities and hiring. The startup currently has 30 PoDs across Bengaluru and Pune. The startup was founded in March 2016…
ParkSmart, a Delhi-based parking spot reservation platform founded by IIT Delhi Alumni, announced that it raised Rs 1.5 crore from ah! Ventures, with participation from Marwari Angels, according to a YourStory report. Founded in 2019 by IIT Delhi graduates Prateek Garg, Vishva Sharma, Rahul Gupta, Rishabh Nagpal and Ratan Sethi, ParkSmart helps users to search…
Google announced that it will invest $10 billion in India over the next five to seven years, the search giant’s CEO Sundar Pichai said, according to media reports. Google said that it will use this investment to buy stakes in large Indian companies as well as niche digital service providers. According to Google’s blog post,…
Venture capital investment firm TrueBridge Capital Partners recently announced the close of its sixth venture capital fund-of-funds, TrueBridge Capital Partners Fund VI, L.P. (“Fund VI”) with $600mn in limited partner commitments. With this latest fund, TrueBridge surpasses its previous fund of $450 million and now manages over $3.3 billion in assets. “Today’s global economic environment…
IncNut Digital, a Hyderabad-based media and e-commerce startup focused on Beauty & Wellness, Parenting, Food, Weddings and Interior Décor, announced that it has raised around $4 million Series A funding led by RPSG Ventures, an early stage consumer-centric venture capital fund backed by RP-Sanjiv Goenka Group. The Company will utilise the current financing for strengthening…
Israeli AI startup NovaSight recently announced today that it has finalized its round A financing totaling $8mn. The round was led by Rimonci Capital and joined by world-leading strategic investors from both pharmaceutical and medical device industries. Prior to this round the company had raised $8mn for a total of $16mn. The funds will be…
Mystifly, a Singapore and Bengaluru-based air retailing and payments platform, announced that it has raised $3.3 million pre-Series B funding from existing investor Recruit Co., Ltd, according to the YourStory report. Earlier in 2016, the company had raised Series A funding led by Recruit. “The new fund raise is significant with the global aviation industry…