Seattle-based travel-tech startup, Cabana recently announced that it has raised $3.5mn in seed funding round. The fundraiser was led by Craft Ventures, a San Francisco-based early-stage investing firm. The funding round also saw participation from Goldcrest Capital, Travis VanderZanden, CEO & Founder at Bird, and Sunny Madra, Vice President Ford X at Ford Motor Company.…
EduRev, a Gurugram-based e-learning platform that provides students the freedom to learn what they want, announced that it has raised an undisclosed amount of funding from former Facebook director and Snapdeal senior executive Anand Chandrasekaran, according to a ETtech report. Founded in 2017 by Kunaal Satija and Hardik Dhamija, EduRev is an online marketplace for…
Ola Financial Services, the financial arm of ride-aggregator Ola cabs recently announced that it has raised ₹200Cr in fresh funding from Matrix Partners and Falcon Edge. According to regulatory filings, Gemini Investments LP, Arun Sarin’s family office, and Alpha Wave Holdings also participated in the round.The company is currently in its fundraising mode and is…
Suryoday Small Finance Bank (SSFB), a Mumbai-based Non-Banking Finance Company, announced that it has closed an equity funding worth Rs 62.14 crore from existing investors including Gaja Capital, Kotak Life, Lok Capital, TIAA, and Kiran Vyapar. The company will use the current financing to boost expansion. It has plans to expand to 100 branches within…
SMT (Sahajanand Medical Technologies Pvt Ltd), a global medical device company with presence in over 75 countries, announced that it has acquired a medical device firm Vascular Concepts. Post acquisition, Vascular Concept will retain its distinct brand and independence. Swaminathan Jayaraman, CEO of Vascular Concepts will continue to manage the operation of the company. Vascular…
Novavax Inc, a late-stage biotechnology company developing next-generation vaccines for serious infectious diseases, announced the acquisition of Praha Vaccines, a part of the Cyrus Poonawalla Group, in an all cash transaction of approximately $167 million. The acquisition includes a biologics manufacturing facility and associated assets in Bohumil, Czech Republic. The facility is expected to provide…
U GRO Capital, a Mumbai-based BSE listed technology focused small business lending platform, announced that it has entered into a partnership with Global Value Creation Partners (GVCP) to enable the former’s growth as a leading impact financing company for small businesses, according to a media report. As part of the partnership, GVCP has placed two…
Oyster, a US-headquartered software-based employment platform designed to fix the broken international hiring model, announced that it has completed the acquisition of Carrom, a player in the cross-border hiring enablement space. Financial details of the deal remain undisclosed. Post acquisition, Carrom founder and CEO Sooraj Chandran will join the Oyster product team to lead and…
Gurugram-based cloud kitchen startup, Hoi Foods recently announced that it has raised $2mn in pre-Series A funding round. The funding round was led by equity crowdfunding platform 1Crowd. The funding round also saw participation from Sprout, Angelist, Samar Singla – Founder of Jugnu, Jaideep Mehta – CEO of VCCircle, Mukund Kulashekaran – SVP of Business…
Remedo, a telemedicine startup focused on providing doctors with a platform to connect with their existing patients, announced that it has raised an undisclosed amount in its pre-Series A round from River Rock Ventures. Inflection Point Ventures also participated in the round with other investors including AngelList, Mohit Satyanand, Mitesh Daga (TPG Capital) and Aditya…
Ola Electric Mobility Pvt Ltd announced the acquisition of Etergo BV, an innovative electric scooter OEM, based out of Amsterdam, the Netherlands. Etergo’s team will continue to be based out of Amsterdam as they join Ola Electric. With this acquisition, Ola Electric has also announced its entry into the premium electric two-wheeler market, both globally…
GramCover Insurance Brokers Pvt. Ltd, a Noida-based tech-enabled insurance marketplace for rural India, announced that it has raised pre- Series A funding from new and existing investors. The details of funding remain undisclosed. Investors that took part in the funding round include EMVC, a US-based boutique strategic venture firm focused on early-stage fintech and insure-tech,…
Pioneering Ventures, a Switzerland-based agri-food investment firm, announced that it has acquired Lateral Praxis, an Indian agri-tech company, according to a Mint report. Financial details of the transaction remain undisclosed. The acquisition will help improve the firm’s downstream reach of tech-enabled solutions for food supply chain including information access, apps, data analytics and risk mitigation,…
CoinDCX, a Mumbai- based startup that specializes in crypto-enabled financial services, announced it has secured a $2.5 million strategic investment led by Polychain Capital with support from Coinbase Ventures, the investment arm of San Francisco-based cryptocurrency giant Coinbase. CoinDCX states that the investment will bolster its efforts in building a user-focused and secure exchange to…
Toch, a Mumbai-based interactive video shopping platform, announced it has raised over $1 million in its latest round of pre-Series A funding. Investors that took part in the financing round include SOSV and its accelerator, Chinaccelerator, 9 Unicorns Fund, and Inflection Point Ventures. The company said it will use the funds infusion to further deepen…