Doubtnut, an Edtech startup, has raised $15 million in Series A round of funding led by Tencent. Existing investors Omidyar Network India, Japan-based Akatsuki Entertainment Fund and Curefit founder Ankit Nagori along with Sequoia Capital India also took part in the fresh round of funding. As per the company’s statement, the fresh funds will be…
Hyderabad-based advertising startup AdOnMo recently announced that it has raised $3million in the latest funding round led by Ant Financials’ BAce Capital. Other investors like Astarc Ventures and Mumbai Angels Network also participated in the funding round. Founded by Sandeep Bommireddi and Sravanth Gajula in 2017, the startup relies on a combination of proprietary hardware…
Codility, a platform that helps companies to build better engineering teams, announced a $22 million Series A funding round led by Oxx and Kennet Partners. The investment brings an end to Codility’s 10-year streak of being bootstrapped to double-digit annual recurring revenue. The capital will be used to fuel Codility’s growing footprint in helping expand…
RACEnergy, an electric mobility startup, recently announced that it has raised an undisclosed amount in seed funding. The funding round saw participation from growX ventures and Prophetic Ventures among others. Huddle’s EV Accelerator Programme, also participated as part of this round. RACEnergy was founded by BITS Pilani alumnus Arun Sreyas and Gautham Maheswaran. The company…
Y Combinator-backed agritech startup Kisan Network recently announced that it has raised $3million in a seed funding round. Led by Atsushi Taira at Milestone, the round saw participation from Y Combinator, the Thiel Foundation, Venture Highway, FundersClub, Lynett Capital, Gokul Rajaram, and others. Kisan Network was founded by a father-son duo, Aditya and Sanjay Agarwalla…
Dine Brands International, announced plans for the first Applebee’s restaurant in Bengaluru. The restaurant is scheduled to open in late 2020 through an agreement with Rohit Malhotra and Jayaprakash Mutharayappa, which also calls for a minimum of an additional nine Applebee’s restaurant openings in India over the next seven years. “We are excited to open…
Vogo, an Automated Scooter Rental Startup, has raised around $35 million in its Series C round led by impact investment fund Lightstone Aspada along with participation from existing investors, according to two people familiar with the matter. Vogo declined to comment for this story. The company was founded by Anand Ayyadurai, Padmanabhan Balakrishnan and Sanchit…
The United Kingdom government has recently announced its decision to launch a £4million “Innovation Challenge Fund” in India. The fund is focused on two major clusters, which include artificial intelligence and big data in Karnataka and future mobility in Maharashtra. The successful bidders are likely to have an international part from the UK. Launched on…
In a bid to strengthen its commitment towards the Indian startup ecosystem, HDFC has announced its aim to invest ₹100crore every year in technology startups. HDFC Chairman Deepak Parekh said that the company will create an in-house team at its headquarters to take charge of investments. This team would dedicatedly work on understanding the startup…
Unotech Software, an enterprise technology startup, has raised $2Mn Series A funding led by Mosaic Capital. The company was founded by Vikash Jha in 2011. The startup will utilize these funds to reconstruct the company’s market presence and relaunch its website to share its offerings under a new stratagem. In a media statement, Vikash Jha,…
Aumni Inc., a SaaS company developing a robotic process automation and data analytics platform for private capital investors, has raised $10 million in Series A funding round led by SVB Financial Group, the parent company of Silicon Valley Bank. The round also included participation from existing investors Moneta Ventures, Next Frontier Capital and Quiet Ventures.…
CureSkin, an AI-dermatologist, has raised $500k in a latest funding round led by SenseAI Ventures. The company was founded by Guna Kakulapati, Rama Rajanna and dermatologist Charu Sharma in 2016. The company will use these funds to strengthen its technology and business growth. In a statement, Vinish Kathuria, Managing Partner, SenseAI Ventures said, “CureSkin’s use…
YOLO, an inter-city transportation and mobility platform, has raised $600,000 as seed funding from an undisclosed VC Firm and a couple of angel investors. The company was founded by Shailesh Gupta, Mukul Shah, and Danish Chopra in 2019. The company will utilize these funds in territory expansion plans, technology, and marketing strategies. In a media…
Zetwerk, a Bengaluru-based manufacturing services platform has recently raised $2.2million in a fresh funding round from InnoVen Capital. The company was founded by Amrit Acharya, Srinath Ramakkrushnan and Vishal Chaudhary. The company specializes in connecting manufacturing companies with vendors and suppliers for customized products. On the other hand, the company also has a demand model…
Uniplatform Tech, a platform that enables information exchange between real estate platforms, has raised an undisclosed amount from Frontline Strategy Finds, SucSEED Venture Partners LLP and other investors. The company was founded by Rohit Manghnani, Amit K Jaiswal, and Iccha Manghnani in 2015. The company will utilize these funds to expand its team and footprint…