Ripplr, a full stack tech distribution company for new-age consumer brands, has raised an undisclosed amount in seed round funding led by 3one4 Capital and Sprout Venture Partners. The company was founded by Abhishek Nehru and Santosh D in June 2019. The startup will utilize these funds to strengthen its tech and infrastructure. In a…
Progentec, a leader in the development of nextgen diagnostics and digital therapeutics for the management of autoimmune diseases, has completed a $5 million Series A funding round led by Plains Venture Partners, the Oklahoma Seed Capital Fund and the Oklahoma Angel Capital Fund II, managed by i2E Management Company (Oklahoma City), with participation from NMC…
Elara Technologies, a digital real estate marketing and transactions services firm, has raised $70 million from its existing investors NewsCorp and REA group. With this round of funding, it has raised $175 million so far from investors. The company was founded by Dhruv Agarwala in 2011. The company will use these funds to accelerate growth…
Axio Biosolutions, a Medical device R&D and Manufacturing Company, has raised Rs 36 crore ($5.2 million) in Series B-1 round of funding led by Omidyar Network India, along with participation from existing investors Accel, University of California, Ratan Tata’s UC-RNT Fund, and Chiratae Ventures. The company was founded by Leo Mavely in 2008. The company…
With the recent $200mn investment from Tiger Global Management, Byju’s valuation now stands at $8bn. Although Byju’s has confirmed on the transaction but declined to comment on specific details of the same. As per a media report, two sources briefed on the developments, mentioned that Tiger Global, being one of the most influential investors in…
Mamaearth, a mother and child care products, has raised Rs 130 crore led by Sequoia India with participation from existing investors Fireside Ventures, Stellaris Venture Partners, and Sharp Ventures. The company was founded by Ghazal Alagh, and Varun Alagh in 2016. The company will utilize these funds to continue its growth building it into a…
Bounce, an Indian scooter rental start-up, has raised ₹692.39 crore as a part of its Series D round of funding. The round was co-led by Facebook co-Founder Eduardo Saverin’s B Capital and Accel. The company was founded by Vivekananda H.R., Anil G, and Varun Agni in 2014. Other investors who participated include existing investors Chiratae…
Giving a major boost to the development of natural gas grid in North-East India, the Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has approved Viability Gap Funding/ Capital Grant of – 60% of the estimated cost of Rs. 9,265 crore for the project to Indradhanush Gas Grid Limited (IGGL). The…
ASA International India Microfinance, a part of the ASA International group, has raised EUR 10 Mn foreign currency funding from German Impact Investor – Invest in Visions (IIV). IIV which manages the IIV Mikrofinanzfonds, an impact investment fund was advised by Agents for Impact for this transaction. The deal marks the first foreign currency transaction…
Harappa Education, an Online course on foundational skills for professional success, has completed a round of funding led by Lupa Systems. The company was founded by Pramath and Shreyasi Singh in 2018. The company will utilize these funds to accelerate product development, invest in high-quality curriculum creation, build a rich learning experience, and scale its…
The game streaming platform, Rheo TV, has raised $2 million in seed funding led by Sequoia Capital India’s rapid scale-up programme, Surge, Lightspeed, and marquee angels. The company was founded by Saksham Keshri and Prakash Kumar in 2019. Other investors include Gaurav Munjal, Hemesh Singh, Roman Saini, and Dinesh Godara, Co-founders of the Edtech startup…
Testbook Edu Solutions Pvt. Ltd, which operates an education-technology platform focussed on government examination preparations, has raised ₹ 60 crore in its Series B funding round. As per the Testbook statement to media, the round was led by growth-stage investor Iron Pillar. Other investors that participated in the round include Matrix Partners India, Better Capital,…
Chai Kings has raised $1 million in funding from an angel investment group, The Chennai Angels (TCA). The round also saw participation from Hyderabad Angels and TiE India Angels. The company was founded by Jahabar Sadique in 2016. The company will utilize these funds business growth and expansion. It also target to reach 100 stores…
Generico, a generic medicine focussed retail chain in Mumbai, has raised $1.39 million in Series A from venture debt fund Alteria Capital. The investment was a part of Alteria’s venture debt fund of $134 million, which got its final close in July 2019. The company was founded by Siddharth Gadia and Girish Agarwal in 2013.…
BuildPan, an app development and testing platform, has raised a seed round of funding from HNIs in India, Japan, and the US. The company was founded by Sonal Dandotia, Shantanu S, Virendra Chouhan and Vaibhav Tiwari in 2019. Other investors include Yusho Kawata, partner at Elrise Corporation Inc Japan, angel investor Sunil Kumar Singhvi and…