Edtech and gaming startup AvalonMeta Ventures Pvt. Ltd recently announced that it has raised $420,000 (approx ₹3Cr) in funding led by Preeplays, a blockchain-based gaming company. Other investors include Chicago-based venture capital firm Purvi Capital and Abhinav Chhikara, former Design Head of Unacademy. AvalonMeta was founded by Varun Mayya, Shashank Udupa, and Abhinav Arora in…
Venture Capital firm Blume Ventures recently announced the closure of its Fund III at $102mn. The firm’s third fund has been raised from anchor investors based in India, Japan, the US, and Asia. The fund also raised amounts from existing limited partners, who have earlier invested in previous funds. According to a company press release,…
Gurugram-based prop-tech startup Zvesta, recently announced that it has raised $5.5mn from Hindustan Media Ventures Limited. It is understood that the company will use these funds to build its brand and collaborative marketing for real estate aggregation across the country. The company’s primary focus is on building alliances and partnerships across India, strengthening through its…
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…
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…
Moda Operandi, an online marketplace of right-off-the-runway luxury fashion, accessories and home decor, announced that the company has raised $100 million. The company plans to utilise funds to invest in its platform and technology as well as to continue growing business overall. Founded in 2010, Moda Operandi offers products from some 1,000 brands and designers…
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…
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…
One of the earliest backers of several Indian start-ups, US-based Tiger Global Management, has recently announced that it has closed a $3.8bn global fund. The company plans to use this fund to continue its aggressive investment in tech startups in China, India, and the US. The strategy for the new fund will be similar to…
Bizongo, a B2B packaging materials marketplace has raised $30 million in Series C round of funding. The fresh round of funding is led by Schroder Adveq, a Zurich-based hedge fund; along with its existing set of investors, as per the company’s announcement. Earlier, Bizongo, the Mumbai-based company, had raised $22 million in its Series B…
American hedge fund company, Tiger Global Management, has closed a $3.75 billion global private investment vehicle, as per media reports. India will be among the three key focus geographies for the new vehicle – Tiger Global Private Investment Partners XII – along with China and the US. The firm had emerged as one of the…
Samosa Singh, a Bengaluru-based food startup, announced that the company has raised $2.7 million in a Series A round of funding led by She Capital. The round also saw participation from other investors that include Fireside Ventures, Equanimity Investments, AL Trust, and Japan-based AET Fund. The company will use the funds to scale up its…
Pine Labs, an Indian merchant fintech platform based in Gurugram, announced that it has raised an investment from Mastercard. The amount raised remains undisclosed. As per the company’s press statement the investment is part of a partnership to keep the growth of different electronic payment options for consumers continue across the region. Lokvir Kapoor, Founder…
Livspace, a Home design and renovation platform, announced that the company has raised about $60 million. The company gets investments from Hong Kong-based Tahoe Investment Group, and Singapore-domiciled Mercer Investments and EDB Investment, along with Kharis Capital, a European investment management firm and Venturi Partners’ managing director Nicholas Cator, as per their regulatory filings sourced…