India’s leading omni-channel D2C eyewear brand Lenskart has announced its plans to invest up to $2mn in each of the selected start-ups that are synergistic to the eyewear, eye-care and omni-channel retail sectors. In addition to the infusion of capital, select start-ups will benefit from Lenskart’s phenomenal market access via 700+ retail stores and online…
Rivigo, a technology company that is building the material movement pipeline of India and making logistics human, faster, safer and cost-effective, has raised Rs 140 crore from Warburg Pincus’ affiliate Spring Canter Investment Ltd (SCIL), according to Entrackr report. SCIL is a Mauritius-based investment holding company and its shareholders are certain private equity funds managed…
Endiya Partners, an early-stage venture capital fund that invests in IP led Indian product startups, announced that it has received a commitment of Rs 75 crore (about $10 mn) from the International Finance Corporation (IFC), a member of the World Bank Group. IFC has also committed an additional $10 million for direct co-investments alongside Endiya…
Venture capital investment firm TrueBridge Capital Partners recently announced the close of its sixth venture capital fund-of-funds, TrueBridge Capital Partners Fund VI, L.P. (“Fund VI”) with $600mn in limited partner commitments. With this latest fund, TrueBridge surpasses its previous fund of $450 million and now manages over $3.3 billion in assets. “Today’s global economic environment…
The developer of battle game Fortnite, Epic Games is reportedly looking to raise $750mn at a valuation of $17bn, according to a Bloomberg report. The valuation includes the new funding and is up from the $15bn valuation the company garnered in 2018. As more and more startups are laying off employees, the recent development at…
Mahindra Group Chairman Anand Mahindra recently announced that he has invested $1mn in Gurugram-based tech startup Hapramp. The three-year-old startup works on various technologies like social networking and blockchain. The investment from Mahindra ends his two-year-long quest in finding an Indian startup working in the field of social media. After the Facebook-Cambridge Analytica scandal in…
South Korean radar technology startup, Bitsensing has recently raised $5.8mn in a Pre-Series A funding round. This round was led by VC firm LB Investment, and Mando Corporation, a South Korean automotive supplier, participated as a strategic investor. Hansae, SB Partners also participated along with Future Play and SJ Investment Partners from a previous round.…
Bengaluru-based Arkam Ventures, formerly known as Unitary Helion, recently announced the first close of ₹325Cr of its maiden ₹700Cr startup fund. The company says it will focus on early-to-growth-stage startups in Series A, Series B stages across financial services, healthcare, food, agriculture, and mobility space. The new fund is backed by investors like Small Industries…
OPPO, a global smart device brand, and T-Hub, a Hyderabad-based pioneering innovation ecosystem platform that powers next-generation products and new business models, announced entering into a partnership to support the startup ecosystem in India. The collaboration will help in scaling up opportunities for some of the most innovative startups in the areas of Artificial Intelligence,…
Stanza Living, a shared living company offering dedicated solutions for students and working professionals across 10+ cities in India, announced that it will be investing Rs 400 crore over the next two years, according to a YourStory report. The investment will be aimed at expanding its rental accommodation business. The company is backed by marquee…
Design and animation startup LottieFiles recently announced that it has raised an undisclosed amount of seed funding from Adobe Fund for Design and 500 startups. LottlieFiles is the creator of the animation file format dotLottie. dotLottie on an average is 600% smaller than the traditional GIF format. With the new funds, the company plans to…
Gurugram and Patna-based agritech startup DeHaat recently announced that it has raised $12mn (₹83Cr) from investors. The recent funding round was led by Sequoia India and saw participation from FMO, the Dutch entrepreneurial development bank along with existing investors Omnivore and AgFunder. According to the company website, DeHaat is a technology-based platform offering full-stack agricultural…
Agritech startup Ergos recently announced that it has raised ₹35Cr in a Series A funding round from Aavishkaar Capital, the investment arm of Aavishkaar Group. It is being said that the Series A funding is expected to be a part of a larger INR 100 Cr round which will see participation from Aavishkaar Capital and…
Mumbai-based online beauty retailer Nykaa recently announced that it has raised ₹100Cr from existing investor Steadview Capital. Nykaa had earlier raised ₹100Cr from Singapore-based investment firm TPG Growth at a valuation of $724mn in March 2019. It was also being speculated for quite some time now that Nykaa has been planning for larger funding round…
Thiruvananthapuram-based neo-diagnostics startup Sascan Meditech Pvt. Ltd has recently raised an undisclosed amount of funding from Mumbai-based venture capital firm Unicorn India Ventures. The recent fund infusion by Unicorn India Ventures follows the first closure of its second fund at $12mn. SaScan is an innovative neo-diagnostics startup developing integrated hardware and software solutions for medical…