Mumbai-based early-stage fund Unicorn India Ventures recently announced the first close of its second equity fund at $12 million. The ₹400Cr second equity fund was announced last year and the funds for it have been raised from domestic investors comprising family offices and investors from the first fund. It is targeting to raise the total…
CoreStack, a Seattle- Chennai based, venture-backed, Enterprise-Cloud Governance Technology Startup with R&D Centre in Chennai, recently announced an $8.5 million in Series A Financing round led by Naya Ventures with participation from strategic investors. With the recent funding, the company plans to add 20 more cloud specialists to its existing workforce of 64 in its…
Edtech platform Univariety recently announced it has raised $1.1mn (₹8Cr) from Info Edge. This is reportedly Info Edge’s second investment in the Hyderabad-based company in a span of two years This primary funding will be used by Univariety for business growth with a focus on product development, scaling up its alumni platform for schools and…
Medtech startup Cardiotrack recently announced that it has secured an undisclosed amount of funding from Singapore-based private equity platform Frontline Strategy Funds. The Pre-Series round of investment also saw participation from other angel investors. The company plans to use these funds to grow its customer base in India and international markets, as per an official…
Bengaluru-based Edtech startup Oda Class recently announced that it has raised an undisclosed amount of investment in pre-Series A funding round. The funding round was led by a Chinese educational company, Yuanfudao. Interestingly, the founder of Yuanfudao is also a founding member of the Oda Class. As per an official company statement, Oda Class plans…
Bennett Coleman and Company Ltd (BCCL), which runs the Times Group, recently announced that it has picked up an equity stake in cloud kitchen startup Rebel Foods. According to a company filing, accessed by Inc42, the company said it has converted BCCL’s five-share warrants from 2017 into 714 equity shares worth ₹16.25Cr ($2.2 Mn). The…
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…
Fintech startup SuperMoney recently announced that is has raised $1mn from early-stage investor Unitus Ventures in a pre-Series A funding round. SuperMoney was founded in 2017 by Shiv Nandan and Nikhil Banerjee from Mumbai. The company plans to utilize these funds to strengthen its team across technology, business development, and backend operations. The company also…
Edtech start-up BYJU’S recently announced that it has raised additional funding from existing investor General Atlantic. While the company didn’t mention the exact amount of funding, sources familiar with the development have said that it’s close to $200mn at a valuation of $8bn. The announcement comes weeks after Tiger Global invested $200mn in the startup.…
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…