Bugworks Research, a Biopharma startup, announced that it has raised $7.5 million (Rs 57.30 crore) in a fresh funding round, led by University of Tokyo Edge Capital and Global Brain Corporation, along with South Africa-based Acquipharma Holdings, the Bengaluru and Delaware-based company announced on Thursday. With the closure of the transaction, the startup, which also…
Remote, an HR technology startup enabling simplified global employment, announced that it has raised a seed investment of $11 million. The fundraising round was led by Two Sigma Ventures, with participation from Index Ventures, General Catalyst, Liquid2, INKEF Ventures, Remote First Capital, and angel investors from GitLab and HackerOne. The financing will be used to…
Philadelphia-based collaborative knowledge management platform Guru recently announced that it has raised $30mn in Series C funding round. The round was led by Accel with participation from Emergence Capital, Thrive Capital, FirstMark Capital, Slack and Michael Dell’s MSD Capital. According to Crunchbase, the recent fund infusion brings the company’s total raised to nearly $71mn. Earlier…
Synthetic biology company EnginZyme, recently announced that it has raised €6.4mn in Series A investment led by Sofinnova Partners. With the new investment, the company’s total funding stands over €10mn. The company plans to use these funds to accelerate the development of EnginZyme’s technology platform and take its first internal production process to pilot. The…
Gurugram-based agritech startup Bijak recently announced that it has raised $12mn in series A funding round. The funding round saw participation from over half a dozen investors including existing investors Sequoia-owned Surge Ventures and Omidyar Network. Earlier in October, the startup had raised $2.5mn in seed funding. Bijak was also among the 20 startups picked…
Reliance Industries Ltd, Jio Platforms Ltd and Facebook, Inc. announced the signing of binding agreements for an investment of ₹ 43,574 crore by Facebook, acquiring 9.9% equity share in Jio Platforms. This investment by Facebook values Jio Platforms at ₹ 4.62 lakh crore pre-money enterprise value. “This is the largest investment for a minority stake…
YAP, a Chennai-based API platform has announced that it has raised $4.5 million led by Singapore-based venture capital firm Beenext. Other investors including angel investors that took part in the funding round include 8i Ventures Fund, The DMI Group, Better Capital, Alok Mittal, CEO, Indifi, Ashneer Grover, CEO, BharatPe, Amrish Rau, CEO, PineLabs and Jupiter…
Former President of IndiGo and OYO’s current board member Aditya Ghosh recently announced that he will be joining the Global Advisory Board of CreditEnable. Announcing his appointment, Ghosh through a LinkedIn post also said that he has also made a personal investment in the company. A transformational AI-driven SME credit business, CreditEnable also announced that…
Design and animation startup LottieFiles recently announced that it has raised an undisclosed amount of seed funding from Adobe Fund for Design and 500 startups. LottlieFiles is the creator of the animation file format dotLottie. dotLottie on an average is 600% smaller than the traditional GIF format. With the new funds, the company plans to…
Payments unicorn Paytm’s gaming platform recently announced that it has raised $5.4mn in fresh capital from AGTech Media Private Limited. The recent fund infusion comes at a time when online gaming industry witnessed a spike in demand and user data base amid lockdown. According to company filing submitted to the Ministry of Corporate Affairs, the…
Venture Capital firm Quest Ventures recently announced the first closure of its new $50mn fund. The new fund, Asia Fund II, is anchored with the help of two investors, Pavilion Capital and QazTech Ventures, the sovereign wealth fund of Kazakhstan. In addition to Pavilion and QazTech, Fund II is also backed by entrepreneurs, C-suite executives,…
Nature’s Tattva, a Delhi-based beauty startup has announced that it has raised $150,000 from Bollywood singer Sukhbir Singh and Rakhee Singal, who is a Co-founder of Startup Buddy. Other investors that took part in the funding round include Dhianu Das of Alfa Ventures and angel investors such as Bharat Sheth and Ajay Mahendru. The company…
Pariksha, a Pune-based edtech startup, announced that it has raised an undisclosed amount of funds in an extension of its Pre-Series A funding from a clutch of angel investors. Earlier, in 2019, the company had raised Rs four crore in a Pre-Series A round led by VCats. The Pre-Series A round was led by INSEAD…
VVDN Technologies, a leading premier product engineering, cloud and manufacturing company, announced the opening of its 10 acre Global Innovation Park at Manesar, Gurugram. The new innovation park will help in strengthening the company’s engineering service offerings and increasing its manufacturing capacity. VVDN’s new Global Innovation Park at Manesar is spread over 10 acres. This…
Itilite Technologies, a Bengaluru-based digital travel management startup that offers SaaS-based integrated travel desk solution for corporates, announced that it has raised $13 million Series B funding led by Greenoaks Capital and Vy Capital. Existing investors Matrix Partners India and others participated in the funding round. The company will utilise the current funding to fuel…