Pushp, an Indore-based spices and condiments brand, announced that it has raised Rs 125 crore from A91 Partners, the private equity fund. Earlier, the company had raised its first institutional financing from Sequoia India worth $350 million. Pushp plans to use the fund infusion to expand its distribution network, bulk up its existing sales team,…
Tonik Financial Pte Ltd, the first digital-only neobank in the Philippines, announced that it closed a $21 million round of Series A equity funding. The round was led by blue-chip VC investors Sequoia India and Point72 Ventures, with a significant participation from previous VC investors Insignia and Credence. tonik said it will use the funding…
Outreach, a US-based sales engagement platform that accelerates revenue growth by optimizing interactions throughout the customer lifecycle, announced that it has closed a $50 million funding round led by Sands Capital with participation from Salesforce Ventures. New investor Operator Collective will be joining existing investors which include Lone Pine Capital, Spark Capital, Meritech Capital Partners,…
InvAscent, a healthcare private equity firm, announced that it is investing Rs 70 crore in Murli Krishna Pharma Pvt. Ltd, a drug delivery systems (DDS) company in India that provides a range of effective solutions to optimize the delivery of pharmaceutical products. InvAscent has put Rs 70 crore ($9.25 million) in the Pune-based company, the…
Stride Ventures, a venture capital firm in India which aims to invest in innovative startups across the country, announced that it has invested Rs 10 crore in LetsTransport, a Bengaluru-based aggregator for fulfilling intra-city last-mile deliveries for enterprise customers. Commenting on the investment, Ishpreet Gandhi, Managing Partner, Stride Ventures, said, “While the sector has been adversely…
Crimson Healthcare, a Delhi-based medtech startup focused on innovating cutting edge solutions for various problems in the healthcare system with advanced engineering and technologies, announced that it has raised a funding of Rs 1.75 crore from Mumbai Angels Network, according to YourStory report. Founded in 2015 by Pranav Chopra and Neeraj Kumar, Crimson Healthcare is…
Reliance Industries Limited and Jio Platforms Limited, India’s digital services platform, announced that global alternative asset firm TPG will invest ₹ 4,546.80 crore in Jio Platforms at an equity value of ₹ 4.91 lakh crore and an enterprise value of ₹ 5.16 lakh crore. With this investment, Jio Platforms has raised ₹ 102,432.45 crore from…
San Francisco-based online grocery store Instacart recently announced that it has raised $225mn as part of a new financing round led by DST Global and General Catalyst, with existing investor D1 Capital Partners participating. The investment comes as Instacart continues to experience an unprecedented surge in customer demand for grocery delivery and pickup due to…
RapidSOS, a New York-based emergency response technology company, announced a $21 million funding round led by Transformation Capital, a leading digital health growth equity fund. Other investors that took part in the funding round include C5 Capital, a leader in cyber security, Laerdal Million Lives Fund, a global health fund focused on life-saving impact, and…
MyKaam, a Bengaluru-based online job searching platform for blue-collar workers, announced that it has raised funding from Venture Catalysts, according to YourStory report. Financial details of the investment remain undisclosed. The investment round was led by Dr Apoorva Ranjan Sharma, Co-founder, Venture Catalysts; Mrunal Jhaveri of Icebreaker Tech LLP; Nirav Panchmatia of AUM Financial Advisors…
Gurgaon-based intercity mobility startup Yolobus recently announced that it has raised $3.3mn in Series A funding round. The fundraiser was led by Nexus Venture Partners along with participation from early-stage VC firm India Quotient. As part of the recent investment, Suvir Sujan, Managing Director of Nexus Venture Partners and Anand Lunia, General Partner, India Quotient…
Postman, a Bengaluru and San Francisco-based SaaS startup that offers a platform for developers or enterprise to build, test, and debug their APIs, announced that it is in advanced talks with Insight Partners, a New York-based investment fund, to raise around $150 million at a valuation of $2 billion, two people in the know of…
LetsTransport, a Bengaluru-based logistics solution provider, announced that it has raised Rs 10 crore funding from Blacksoil Capital. Recently, the company had raised an investment of Rs 13 crore from InnoVen Capital. Founded in 2015 by IIT-Kharagpur alumni Pushkar Singh, Sudarshan Ravi, and Ankit Parasher, LetsTransport offers customized logistics solutions for clients, along with other…
QuaQua, a Hyderabad-based global platform that integrates AR/VR/MR content, meta-information and community for travel and tourism industry, announced that it has raised a $1 million funding from Anthill Ventures and other existing investors. The company said that it will use the financing to enhance its user experience and build an end-to-end AI and content-driven travel…
Bengaluru-based intra-city logistics platform Blowhorn has recently raised an undisclosed amount of venture debt funding from Gurugram-based Trifecta Capital. Blowhorn is promoted by Catbus Infolabs Pvt. Ltd, which operates the asset-light logistics marketplace. The company plans to use these funds for achieving full P&L profitability by the end of the year 2020. The startup said…