Eduisfun, an educational technology startup, has secured Rs 200 crore in its first round of funding from a list of marquee angel investors and high net-worth individuals, including Deepak Parekh and Amitabh Bachchan. Other investors include Piyush Pandey, chief creative officer of the Ogilvy Group and Russell Parera, partner, assurance at Price Waterhouse & Co.…
FlytBase, a drone software solution which is compatible with all major drones, closed its seed round of venture financing led by a US-based, early-stage seed fund, and brings not only venture capital, but also a wealth of professional experience and world-class B2B networks to the table. The company was founded by Nitin Gupta in 2017.…
Finly, a finance management & governance Suite, has raised undisclosed funding from Social Capital, AngelList India, Gemba Capital, Omphalos Ventures, and 91springboard via Atal Innovation Mission and Niti Aayog. The company was founded by Vivek AG and Veekshith C Rai in 2015. The company will utilize these funds to expand product offerings with a focus…
Rivian, an American automaker, and automotive technology company has closed an investment round of $1.3 billion. The financing was led by funds and accounts advised by T. Rowe Price Associates Inc., Amazon, Ford Motor Company and funds managed by BlackRock also participated in the round. The company was founded by Robert “RJ” Scaringe in 2009.…
HomeLane, home renovations, and interior design platform has raised $30 million in Series D led by new investors Evolvence India Fund (EIF), Pidilite Group, and FJ Labs, with participation from Sequoia Capital, Accel Partners, and JSW Ventures. The company was founded by Srikanth Iyer in 2014. With the current round, the total funding raised by…
Ericsson has announced that it has signed an agreement for credit facility with the Nordic Investment Bank (NIB) for USD 150 million, maturing in 2025. Of these new funds, 98 million will replace credit with NIB that was set to mature in 2021. In addition to strengthening Ericsson’s balance sheet and financial flexibility, the loan…
Appnomic, a B2B SaaS startup that provides self-healing IT software, has raised $22 million in funding led by Avataar Ventures. The startup was founded by Jobs. D Padmanabhan in 2006. Recently, the company appointed Nitin Kumar as CEO and made additional appointments of Cuneyt Buyukbezci as CMO and Girish Muckai as CRO. Earlier, it had…
Lenskart, India’s fastest growing eyewear company raised $231 million from SVF II Lightbulb, a Cayman Islands-based entity which is an investment vehicle of Softbank Vision Fund (SVF). The company was founded by Peyush Bansal and Amit Chaudhary in 2008. Lenskart has already been in discussions with SoftBank Vision Fund this year to raise a funding…
Quantiphi, an Indo-US based Applied Artificial Intelligence and Big Data services company, has announced a series A investment worth $20 million from Multiples Alternate Asset Management, a private equity platform with $1.5 billion under management. It was founded by Asif Hasan, Reghu Hariharan, Ritesh Patel and Vivek Khemani in 2013. Renuka Ramnath, Founder, and CEO…
Jumpstart, which provides a way for organizations to tap into a wider pool of candidates, has raised $8.5 million in Series A led by storied VC firm Sequoia Capital, with participation from Michael Lynton, chairman of Snapchat’s parent Snap Inc.; and Joshua Steiner, the co-chairman of commodity trading firm Castleton Commodities International LLC.
Kaleidofin Private Limited, India’s first neo-bank for the informal sector customer, has raised Rs 360 million in series A funding round led by Oikocredit. Existing investors include Flourish, and Omidyar Network India . The company was founded by Sucharita Mukherjee and Puneet Gupta in 2017. It is understood that the company will utilize these funds…
Seekify, a Customer Experience Automation platform, has raised $1.5 million in seed funding led by Sequoia Capital India’s rapid scale-up program surge with participation from angel investors, Nishant Rao (Founding Partner at Avatar Venture Partners), Gaurav Agarwal (1mg) and Sameer Maheshwari (HealthKart). The company was founded by Arihant Jain and Ajeet Kushwaha in 2019. The company…
Open Secret, a food and beverages startup, has raised an undisclosed amount in seed funding led by Matrix Partners. Paytm founder Vijay Shekhar Sharma, Snapdeal founders Kunal Bahl and Rohit Bansal, Godrej consumer products’ CEO Vivek Gambhir also participated in the funding round. The startup was founded by Ahana Gautam and Udit Kejriwal in 2019.…
Medlife, an online platform providing pharmacy, diagnostics, and e-consultation, has raised Rs 110 crore from Wilson Global Opportunities Fund. The company was founded by Tushar Kumar and Prashant Singh in 2014. Earlier, Medlife had raised Rs 118.95 crore (almost $17 million) in equity funding from Tushar’s family trust, Prasid Uno Family Trust. These funds will…
Pristyn Care, a Healthcare Startup, has raised $12 million Series B funding led by Sequoia India, Hummingbird Ventures, Greenoaks Capital, and AngelList. The company was founded by Dr Vaibhav Kapoor, Dr Garima Sawhney, and Harsimarbir Singh in 2018. Earlier, the company had raised $4 million in a Series A round led by Sequoia India. The…