LetsTransport, a Bengaluru-based logistics solution provider, announced that it has raised Rs 10 crore funding from Blacksoil Capital. Recently, the company had raised an investment of Rs 13 crore from InnoVen Capital. Founded in 2015 by IIT-Kharagpur alumni Pushkar Singh, Sudarshan Ravi, and Ankit Parasher, LetsTransport offers customized logistics solutions for clients, along with other…
Knorish, a Gurugram-based platform that enables hobbyists, professionals and niche experts to build, launch, market and sell online courses, announced it has raised $3,23,000 as part of its Pre Series A funding round from 100X.VC. Standard Greases Family group and Uday Sodhi, ex-Business Head of Sony Liv also participated in the funding round. Founded by…
QuaQua, a Hyderabad-based global platform that integrates AR/VR/MR content, meta-information and community for travel and tourism industry, announced that it has raised a $1 million funding from Anthill Ventures and other existing investors. The company said that it will use the financing to enhance its user experience and build an end-to-end AI and content-driven travel…
AGC Biologics, a global biopharmaceutical Contract Development and Manufacturing Organization (CDMO), announced the purchase of a state-of-the-art commercial manufacturing facility in Boulder, Colorado USA. The facility, formerly owned by AstraZeneca, will provide AGC Biologics with additional capacity and significantly larger production scale. The facility is expected to begin full-scale operations and manufacturing by April 2021.…
WoodenStreet, a Jaipur-based online furniture store offering custom and ready-made furniture directly to customer’s doorstep, announced that it has raised $3 million in Series-A funding from IAN Fund and Rajasthan Venture Capital Funds (RVCF). The company will utilise the funds infusion to boost expansion. It has plans to increase its footprint, both domestically and globally.…
BankBazaar, a neutral online marketplace that gives instant customized rate quotes on loans and insurance products, announced that it has raised Rs 45 crore Series D1 funding from new investor WSV – a joint venture fund of Walden International and Korean company SKTA. Existing investors including Amazon, Sequoia India, Experian, and Eight Roads also took…
Blue like an Orange Sustainable Capital has closed its first fund, raising just over $200 million for its Latin America Fund I (“the Fund”). The Fund focuses on mobilizing private, primarily institutional, capital for Latin America, and counts over 25 investors as Limited Partners – including AXA, HSBC, CNP Assurances, BNP Paribas Cardif, SG Insurance,…
Crofarm, a Gurugram-based Agritech startup working on making a supply chain that supports farmers and provides businesses with freshest produce in the most efficient manner, announced that it has raised $1 million in a funding round led by Smile Group, according to YourStory report. Also, the company announced entering into business-to-business-to-consumer (b2b2c) space with the…
Mérieux NutriSciences, a US-based company that delivers a wide range of testing and consulting services to the food & nutrition, agrochemicals, pharma and cosmetics industries, announced the acquisition of Chestnut Labs, a value-added food safety solutions provider, from Dairy Farmers of America. The company said that the acquisition will diversify the service offering and expand…
Antler, a Singapore-based venture capital firm that provides funding from day one to support founders building businesses they will own and run, and that can positively impact local, national and global economies, announced its collaboration with global investment firm B Capital Group, founded by Eduardo Saverin and Raj Ganguly. “The agreement allows our companies to…
New Delhi-based co-working space solutions provider, Awfis, recently announced that it has raised ₹40 crore in debt and equity through its ongoing Series D round funding. The round saw participation from its existing investors Bisque Limited and Link Investment Trust. The WeWork inspired proptech company started its Series D round last year in August. The…
International Finance Corporation (IFC), a member of the World Bank Group, focused exclusively on the private sector in developing countries, has plans to invest up to $35 million in paper manufacturer JK Paper Ltd, according to a VCCircle report. IFC said in a statement that it will invest by subscribing to secured non-convertible debentures (NCDs)…
Axys Nutrition Products Pvt Ltd, a Mumbai-based nutraceutical company developing evidence-based nutrition and nutraceutical products, under the brand name Nutrova, announced that it has raised pre-Series A funding from DSG Consumer Partners. Financial details of the funding remain undisclosed. Founded by Akshay Pai in 2013, Nutrova claims that its evidence-based nutrition products are designed to…
Bengaluru-based intra-city logistics platform Blowhorn has recently raised an undisclosed amount of venture debt funding from Gurugram-based Trifecta Capital. Blowhorn is promoted by Catbus Infolabs Pvt. Ltd, which operates the asset-light logistics marketplace. The company plans to use these funds for achieving full P&L profitability by the end of the year 2020. The startup said…
AGC Networks Limited, a Global Solutions Integrator and an Essar enterprise, announced that it will be acquiring Fujisoft through its indirect subsidiary – Black Box Holdings Limited Cayman Islands. Fujisoft is a technology company committed to bringing the best possible technology solutions to customers in the region. The company said that the acquisition of Fujisoft…