New Delhi-based electric vehicle start-up Euler Motors recently announced that it has raised ₹20 Crores through its ongoing series A funding round. The fundraiser was led by Inventus Capital along with other participants. The other investors in the fresh round of funding include Blume Ventures, Singapore-based Jetty Ventures India Investments and Udaan’s co-founder Sujeet Kumar.…
Technology company Datch has secured $3.2 million in seed funding for its “Voice-Visual” AI assistant for industry. The funding round saw participation from Blue Bear Capital as the lead investor, along with support from Stage Venture Partners, Tuhua Ventures, Lorimer Ventures, Predictive Venture Partners, and Plug and Play Ventures. “With industry-leading partners on board from…
Stanza Living, a shared living company offering dedicated solutions for students and working professionals across 10+ cities in India, announced that it will be investing Rs 400 crore over the next two years, according to a YourStory report. The investment will be aimed at expanding its rental accommodation business. The company is backed by marquee…
Satya MicroCapital Ltd, a New Delhi-based micro-lending company, announced it has raised Rs 105 crore in equity funding by Gojo & Company, Inc. This is one of the first investments in the microfinance sector after the nationwide lockdown. The company will utilise the recent capital infusion in a diversified manner for employment generation and livelihood…
Euler Motors Pvt. Ltd, a New Delhi-based automotive tech startup, announced that it has raised Rs 12.5 crore in its Series A round of funding led by an early-stage investor Inventus Capital Partners, according to a VCCircle report. Other investors that took part in the funding round include Jetty Ventures and Sujeet Kumar, co-founder of…
Imperfect Foods, a San Francisco-based company that focusses on reducing food waste and build a better food system for everyone, announced that it has closed a Series C funding round of $72 million, led by Insight Partners. The round was also supported by existing investors of the company, including Series B lead Norwest Venture Partners.…
ChromaCode, Inc, a California-based company redefining molecular testing through data science, announced that it has raised a $10 million Series C extension with an investment from Adjuvant Capital. The Adjuvant investment brings the company’s total Series C funding to $38 million. Managing Partner Jenny Yip will join ChromaCode’s Board of Directors. Existing investors Northpond Ventures,…
International Finance Corporation announced that it has plans to invest $10 million in Onsitego, India’s customer service company for personal devices, gadgets, small and large home appliances, according to a VCCircle report. In a disclosure, IFC said the investment will be made through by subscribing to preferred shares in Mumbai-based Onsitego, which announced its Series…
Quick Heal Technologies, a provider of cybersecurity and data protections solutions to consumers, businesses and Government, announced a strategic investment of Rs 2 crores in Ray Pte. Ltd., a Singapore based start-up specializing in next generation networking and wireless technology. The investment is a part of Quick Heal’s ongoing efforts to invest in disruptive technologies…
Info Edge Ltd, one of India’s premier internet based business that runs Naukri.com and 99acres.com, announced that it will be investing in two companies via IE Venture Fund I, its investment vehicle that focusses on technology-based startups, according to a VCCircle report. The investments will be made in Fanbuff Esports India Pvt. Ltd, which operates…
Skyflow, a California-based startup that builds privacy APIs powered by a customer data vault, announced that it has raised $7.5 million in a seed round led by Foundation Capital. The startup was founded by IIT-Kharagpur alumnus Anshu Sharma and Prakash Khot in 2019. Other investors that took part in the funding round include former GE…
LT Foods announced that SALIC (Saudi Agricultural & Livestock Investment Company) has acquired a stake in its subsidiary Daawat Foods Limited through SALIC’s subsidiary United Farmers Investment Company. The transaction in DFL entails acquisition of 29.81% stake of India Agri Business Fund, sponsored by Rabobank and 0.1% stake of REAL Trust, by United Farmers Investment…
PathSpot, a New York-based biotech company that protects food service companies and their customers from the threat of food-borne illness, announced the closing of $6.5 million in a Series A round led by Valor Siren Ventures I L.P. Till now, the company has raised a total of $10.5 million in funding. Existing investors FIKA Ventures…
Reliance Industries Limited and Jio Platforms Limited announced that KKR will invest ₹ 11,367 crore into Jio Platforms. This transaction values Jio Platforms at an equity value of ₹ 4.91 lakh crore and an enterprise value of ₹ 5.16 lakh crore. This is KKR’s largest investment in Asia and will translate into a 2.32% equity…
Clara Insurance, a US-based insurance technology company that provides financial support to people with health recovery, announced that it has raised $5.5 million in seed funding led by Two Sigma Ventures, with participation from Founder Collective, RGAX LLC, SymphonyAI, and others. The company will utilise the financing to launch a modern supplemental benefit, powered by…