Amazon Pay India Private Limited, the online payment business of e-commerce giant Amazon, has bagged a fresh funding of ₹225 crore. The fresh investment has been made by Amazon Corporate Holdings Private Limited, Singapore and Amazon.com Inc Limited, Mauritius against 22.5 crore equity shares. The significant share has gone to Amazon Singapore which has invested…
Consumer experience platform, Locobuzz has announced that it has secured Rs 9 crore from SIDBI Venture Capital in pre-Series A funding round. “This round of funding is really encouraging and we are excited to partner with SIDBI Venture for our next phase of growth. In the next couple of months, we will direct our attention…
BharatPe, India’s financial services company for merchants, has announced that it has raised US$ 108 mn in Series D equity round, at a valuation of US$ 900 mn. The company further shared that it has raised US$ 90 mn in primary fund raise and also ensured secondary exit for its angel investors and employees for…
US-based e-commerce giant Amazon has infused Rs 915 crore fresh capital into one of its India units – Amazon Seller Services, according to PTI report. The fresh infusion is expected to provide more arsenal to Amazon in India to compete more aggressively against rivals like Walmart-owned Flipkart and Mukesh Ambani’s JioMart. Amazon Corporate Holdings and…
U.S. financial technology company Current has secured $220 million in a financing round led by Andreessen Horowitz, a venture capital company. With this round of funding, the valuation of the fintech startup has increased to $2.2 billion. The company informed in a statement that it aimed to utilize the fresh funds raised to augment its…
OneWeb, the global communications network powered from space, has announces that it has secured $550 million in funding from Eutelsat Communications, bringing OneWeb’s total funding to $1.9 billion in fresh equity. “This investment from one of the world’s most experienced and largest global operators is a vote of confidence in OneWeb and underscores the arrival…
Tessolve, a Hero Electronix venture and an end-to-end engineering solution partner for semiconductor and product companies, has raised $40 million in funding from Novo Tellus. Tessolve aims to use the fresh funds raised to strengthen its semiconductor design and enhance its engineering capabilities inorganically via acquisitions in the US Bay area. The company is also planning…
FMCG startup AnKa SumMor has secured Rs 3 crore in pre-Series A round led by IPV – Inflection Point Ventures. The startup will utilize the fresh funds raised to expand its operations in Bangalore, as well as to develop and deploy its tech. Co-founder and CEO of AnKa SumMor – Ashok George, said, “We are…
Corporate health insurance platform – Nova Benefits has secured USD 1 million in the latest funding round. The seed funding round was led by Titan Capital, Multiply Ventures and Better Capital. The round also saw participation from angel investors – CEO of Rupeek Gold Loans – Sumit Maniyar and Ashish Goyal, Early Salary co-founder. “Through…
A fintech startup focused on consumer – Findeed has secured seed funding from Venture Highway, Anicut Angel Fund and First Cheque. The fresh funds raised will be utilized for making new hires across various profiles. Founder Ramarathnam stated, “The Covid-19 pandemic robbed people of their sense of financial security, and the common working class took…
Fintech startup Cred has raised $215 million in Falcon Edge led Series D financing round. Existing investor – Coatue Management also participated in the fresh funding round. Founded by Kunal Shah in 2018, the Bengaluru-based startup has entered India’s unicorn league with valuation of $2.2 billion. The round also saw participation from existing investors RTP…
Sintercom India Limited, a Pune based company, has announced that it has completed the raising of funds on a preferential private placement basis in the form of equity shares and compulsory convertible debentures (CCDs) from one of its promoters Miba Sinter Holding GmbH & CO KG (Miba), for an aggregate amount of approximately INR 222…
AI startup Argoid has raised $1.7 million in seed funding led by an early-stage fund – YourNext Capital. The funding round also saw participation from Turbostart and Team Launchpad.vc along with Catch NYC. The funds raised by the startup will be used to boost its technology and improve customer base and results. “Argoid’s mission is…
Ally.io, a hypergrowth technology company specializing in goal-setting and business execution software, has announced a $50M Series C funding round led by Greenoaks Capital. Tiger Global, who led the company’s Series B round, and Madrona Venture Group also joined the round, as well as previous investors Accel, Addition Ventures, Founders’ Co-Op, and Vulcan Capital. With…
Generation, the non-profit global employment organization, has secured $77 million in new funding and $50 million in in-kind resources from BlackRock, McKinsey & Company, Microsoft Corp., and Verizon, to accelerate its work in tackling unemployment across 14 countries around the world. This combined commitment will allow Generation to support people who face systemic barriers to…