Delhi-based early-stage venture capital (VC) firm, Venture Highway, on Thursday announced that it has raised an amount of $78.6mn for its second fund. The second fund will be purely focused on seed investments in Indian technological start-ups. The VC firm raised this money from a group of Silicon-Valley based tech leaders. Venture Highway was founded…
Gamerji, an online esports gaming platform, has raised $400,000 from La Gajjar Group, an investment group based in Ahmedabad. The company was founded by Soham Thacker, Valay Patel and Varun Gajjar in 2018. The company will utilize these funds for building the technology, increasing operations, and also for gaining users. In a media statement, Varun…
Zinier, a leader in intelligent field service automation, has raised $90mn in Series C funding to transform field service workforces with AI-driven automation. New investor ICONIQ Capital led the round with new participation from Tiger Global Management, and return investors Accel, Founders Fund, Nokia-backed NGP Capital, France-based Newfund Capital, and Qualcomm Ventures LLC. The company…
NextNav LLC, the leader in 3D geolocation services, has announced it raised $120mn in debt and equity financing. Funds managed by affiliates of Fortress Investment Group, LLC led the funding round, with NextNav’s existing investor base. Other participators include Columbia Capital, Telcom Ventures, funds managed by Goldman Sachs Asset Management, L.P., NEA, Oak Investment Partners,…
Aesthetic Nutrition, a chewable dietary supplement under the brand Power Gummies, has raised an undisclosed amount in Pre-Series A funding led by DSG Consumer Partners. The company was founded by Divij Bajaj in 2018. Earlier, it had raised $100,000 from Alfa Ventures in its seed round of funding. The startup will utilize these funds to…
Toddle, an all-in-one platform for planning, portfolios, reports, and family communication, has raised an undisclosed amount in a seed funding round led by Matrix Partners India. The round also witnessed participation from seed-stage fund Better Capital and angel investors such as Swiggy cofounder Rahul Jaimini among others. The company was founded by Misbah Jafary, Gautam…
US-based private equity firm, Blackstone is in talks with Indian logistics company Allcargo to buy stakes in the latter’s warehousing business for over ₹380cr. This investment is a part of the PE firm’s plan to ramp up its real-estate portfolio in India.
Zimyo, a cloud-based HR and benefits solutions for startups, has raised an undisclosed amount of funding from Yatra Angel Network. Other investors who participate are fintech veterans Abhishant Pant (Founder of Fintech Meetup), Navin Surya (Chairman Emeritus, Payments Council of India), Madhusunandan R (Founder of YAP), Jose Thattil (Founder of Phi Commerce), Tejasvi Mohanram (Founder…
Numocity Technologies, a new age digital technology company, has secured an undisclosed amount from Ideaspring Capital, Rebright Partners and ABB Technology Ventures (ATV). The early-stage startup focusses on providing digital solutions for electric mobility infrastructure. The company was founded by Ravikiran Annaswamy, Siddharth Sreenivasan, and Muralidhar Somisetty in 2018. The company will utilize these funds…
Klub, a fintech play providing growth financing, has raised $2 million in a pre-seed round from Surge, Sequoia India’s rapid scale-up programme, and a group of angel investors. The company was founded by Anurakt Jain and Ishita Verma. The company will utilize these funds to strengthen their technology and increase the team bandwidth. In a…
Keito, a cognitive AI solutions on image, text and voice technology, has recently raised $160,000 in seed funding from one of its key customers, Suma Soft Pvt Ltd. The company was founded by Amal PS in 2016. The round also saw participation from existing angel investors – Vishnu Bhat (promoter Blue Neem and ex-Infosys Global…
epiFi, a tech startup for digital natives, has raised $13.2mn in seed funding round led by Sequoia India and Ribbit Capital. The round also saw participation from Hillhouse Capital and angel investors, including David Velez (Founder of Nubank), and Kunal Shah (Founder and CEO of Cred). The company was founded by Sujith Narayanan and Sumit…
Pando, a networked freight management platform, has raised ₹64 Cr in Series A funding round led by Chiratae Ventures. The round also saw participation from existing investor Nexus Venture Partners, and Siemens-backed Next47. Angel investors like Ramkumar Narayan, VMWare India MSD, Alok Mittal, CEO of Indifi, and Saikiran Krishnamurthy of xto10x Ventures also participated in…
AADAR, a healthcare firm in the Ayurvedic pharma, has raised an undisclosed seed funding in a round led by Sprout Venture Partners and angel investors from LetsVenture. JITO Angel Network (JAN) also participated in this funding round. The company was founded by Pratul Mangal and Aadil Shah in 2018. The company will utilize these funds…
Escrowffrr, a unique, escrow focused, digital payments platform, has raised $150,000 in a pre-series investment round led by Inflection Point Ventures, the investor announced in an official release. The company was founded by Ashwin Chawwla in 2015. The company will utilize these funds to grow its escrow business beyond real estate as a category. In…