Gurugram-based Simsim, a social commerce startup recently announced that it has raised $16 million in seven months of its existence. The funding rounds happened in quick succession over the past few months and were led by Accel Partners, Shunwei Capital, and Good Capital. Founded in July last year by Amit Bagaria, Kunal Suri, and Saurabh…
Greenhouse agritech startup Clover recently announced that it has raised $5.5mn in Series A funding round from Omnivore. The funding round also saw participation from existing investors Accel and Mayfield. In a press release Avinash BR the Co-founder of Clover, said “We are thrilled to partner with Omnivore, Accel, and Mayfield as we scale our…
In an attempt to fund early-stage startups Co-founders of Parampara Capital have announced the launch of their second venture capital fund – Inflexor Technology Fund. The founders are targeting to raise $100mn from international investors to support companies who are leveraging technology IP/innovation across sectors. According to a statement to the media by the company,…
US-based investment firm Falcon Edge Capital has raised $300mn India-focused venture capital fund Alpha Wave Incubation (AWI). The fund is anchored by investors from UAE and an undisclosed entity of the Government of Abu Dhabi. According to a report by The Economic Times, AWI is in the final stages of closing the corpus and is…
Business to business e-commerce platform for local Kirana stores, MaxWholesale recently announced that it has raised $3mn in Series A funding round. The funding round was led by venture capital fund IAN Fund-I and AI Falaj Investment Company, an Abu Dhabi based private family office. The funding round also saw participation from existing investor Maple…
Jeff Bezos who founded Amazon Inc., which has been often criticized for its damage to the environment, has recently committed $10bn to a new fund to tackle climate change. Announcing the news on Instagram, the e-commerce tycoon said that the Bezos Earth Fund would “fund scientists, activists, NGOs — any effort that offers a real…
PlanetSpark, a Gurugram-based edtech startup, announced that it has raised Rs 3.2 crore in pre-Series A round. Investors that took part in the funding round include Indian Angel Network, Lead Angels, and Hyderabad Angels. Existing seed investor and one of India’s largest coaching brands, FIITJEE Limited, also participated in this round. As per the company’s…
GP Petroleums Ltd (GPPL), a leading automotive and industrial lubricants player in India, and part of UAE-based GP Global group, announced that it has plans to invest Rs100 crore in a new state-of-the-art plant in Saronda, Gujarat to process over 300,000 kilo litres of lubricants, thus enabling the company to be present across the entire…
Pune-based baby products marketplace Firstcry has recently raised $296mn (approx 2120Cr) in Series E funding from Japanese conglomerate Softbank’s Vision Fund. With the latest infusion of funds, Firstcry has entered the Unicorn Club. According to the company filing submitted to the Ministry of Corporate Affairs, a Cayman Island-based subsidiary of Softbank SVF Frog has invested…
Carbon Clean Solutions Ltd, a clean-tech company, announced that it has raised $16 million in a fresh funding round from three global investors. Earlier, the company had raised funding from Blume Ventures in 2011. As per the company’s statement, Carbon Clean Solutions has raised fresh capital from US-based WAVE Equity Partners and Chevron Technology Ventures,…
Zodius Growth Fund, an Avendus Capital sponsored fund, announced that it has made its first investment in Onsitego, India’s leading after-sales services firm. The company has raised $19 million in Series B round led by Zodius Growth Fund with participation from existing investor, Accel Partners. The investment will be utilized for consolidating its market position…
Kemp, the leader in powering always-on application experience [AX], announced it has acquired Lithops Technologies, a top developer of application networking and network security solutions and services based in New Delhi, India. The acquisition will further fuel the development of Kemp load balancer and AX products, while accelerating the company’s business development efforts across India.…
Esper, a Seattle-based startup providing DevOps platform for customers that manage fleets of company-owned Android devices, announced that it has raised $7.6 million Series A investment round led by Amazon and Madrona Venture Group. Existing seed investors including Root Ventures, Ubiquity Ventures, Haystack Ventures, and Pathbreaker Ventures also participated in the Series A round. Till…
Reynolds and Reynolds, a leading provider of automotive dealership software, documents, and professional services, announced the acquisition of GoMoto, a leader in kiosk technology for the service lane that provides streamlined, self-led customer check-in and check-out. “When I speak with dealers, I consistently hear them note the importance of the Service department in their overall…
cKinetics, a global Sustainability Advisory firm with a specialized practice for Sustainability and Climate finance, announced its acquisition of CaliforniaCarbon.info, an emissions data analytics platform covering the Californian and Western Climate Initiative (WCI) carbon markets. Launched in 2013, CaliforniaCarbon.info offers emissions data and price forecasts for all jurisdictions across the WCI carbon program. It also…