Vernacular.ai, a Bengaluru-based SaaS startup, announced it has raised $5.1 million in its Series A funding round led by Exfinity Ventures and IAN Fund. Kalaari Capital, AngelList and LetsVenture also participated in the round. The company said it will use the newly raised capital to enter Southeast Asia and the US and invest in R&D…
Nium, Singapore-based global fintech platform, announced that the company has completed its latest fundraise. Visa, the world’s leader in digital payments, participated in the round along with existing investors. Another new investor to join the fold was BRI Ventures, the Corporate Venture arm of Bank BRI of Indonesia. “I am thrilled to announce that we…
MYSUN, a Delhi-based technology platform for rooftop solar energy solutions for industry, SMEs/MSMEs, and homes, announced it has raised Rs 32 crore pre-Series A funding from its existing investors. The company is looking to raise Rs 250 crore over the next few quarters, the company said in a release. The company will utilise the fund…
Mukesh Ambani’s Reliance Industries is in advanced discussions to acquire a majority stake in online pharmacy Netmeds as part of its broader play in commerce, said three sources familiar with the development to the TOI. Netmeds is a fully licensed e-pharma portal that offers authenticated prescription and Over the Counter (OTC) medicine along with other…
Clover Ventures Pvt. Ltd, which operates as an agricultural-technology firm focussed on providing greenhouse-grown fresh produce, announced it has raised Rs 7 crore in debt funding from Alteria Capital. Existing investors that took part in the debt funding round include venture capital firm Omnivore, Accel and Mayfield India. “The recently closed Series A round alongside…
MetaMorphoSys, a SaaS-based digital insurance platform, announced it has raised pre-Series A funding led by early-stage venture capital firm Good Capital. Other investors that participated in the round include Trifecta Capital managing partner Rahul Khanna, MetaMorphoSys said in a statement. However, it did not disclose the amount it raised. The Pune-based company will use the funds…
San Francisco-based Treasury Prime recently announced that it has raised $9mn in its Series A funding round. The funding round led by Amias Gerety of QED Investors with participation by Jason Lemkin of SaaStr and Hans Morris of NYCA Partners. The recent funding round builds on Treasury Prime’s previous $2.5mn seed round. With the latest fund infusion, the company’s total funding nears $11.5mn.…
Varthana, a Bengaluru-based startup that provides loans and support to affordable private schools in India, said it will receive a $15 million loan from an American financial organisation. “An American financial organisation has agreed to sanction $15 million loan to an Indian education startup to expand the access to quality education by providing critical financing…
ApplyBoard, the online platform that transforms how students access international education opportunities, announced it has raised CAD 100 million (approx. US $71.1 million) in Series C funding. The funding round was led by Drive Capital and joined by certain funds managed by Fidelity Investments Canada ULC, Business Development Bank of Canada, and existing investors including…
Rooter, a New-Delhi based sports fan engagement platform, announced it has raised $1.7 million in a fresh funding round led by Paytm, Adidas family-backed leAD Sports, Rockstud Capital, and Founder Bank Capital—the early-stage arm of RB Investments. Anthill Ventures, Venture Catalysts and other angel investors also participated in the round, according to a press statement.…
Reliance Industries Limited and Jio Platforms Limited announced that Silver Lake will invest ₹ 5,655.75 crore into Jio Platforms. “In the wake of the severe economic disruptions caused by the COVID-19 pandemic, globally and especially within India, this partnership with one of the most renowned tech-investors globally, Silver Lake, has special significance. Comprehensive digitisation will…
Grofers, a low-price online supermarket that provides grocery delivery, said that it is on track to rack up $60-$70 million in new funding, according to an ET report. Currently, the company has registered a major demand surge with more Indians shopping online for essentials amid a continued nationwide lockdown to stem the spread of the…
LoadShare, a Bengaluru-based tech-enabled logistics platform, announced it has raised Rs 100 crore funding led by Beenext. Other investors that took part in the funding round include CDC Group and existing investors Stellaris Venture Partners, Matrix Partners and venture debt fund Alteria Capital. The company plans to use the funds to deepen its ‘essentials’ supply…
LiL’Goodness, a Bengaluru-based children’s food and nutrition startup, announced that it has raised Rs 5 crore funding led by Japan’s Beyond Next Ventures and angels including Sajan Pillai from Season Two Ventures. The company will utilise the current funds infusion to boost expansion. The company will expand its packaged foods range, distribution network and production…
Riding on the new wave of increasing user base and sharp growth in business revenues, edtech startups are now raising new funds to improve their services and expand into newer markets. Recently, Ahmadabad based edtech startup Pedagogy has raised $400,000, led by Inflection Point Ventures (IPV). Founded by Archin Shah along with Abhilash Sonwane and…