Astronomy-focused edtech startup, based in Hyderabad, Navars Edutech has announced that it has secured an undisclosed sum in angel funding round from Faad Network. Sravan Varma Datla, Navars Founder & CEO, noted, “Education is important to astronomy as it impacts both the recruitment of future astronomers and the appreciation of astronomy by citizens and country…
Laundry and accessory care service startup, based in Mumbai, Lavado has announced that it has raised an undisclosed sum in pre-institutional funding round from Pepperfry founders. Founder of Lavado – Disha Jain stated, “Lavado offers an end-to-end solution across all laundry and accessory care needs including clothes, bags, shoes and other household items on the…
Aima Technology, a Chinese e-bike manufacturer, announced its Initial Public Offering (IPO) on the Shanghai Stock Exchange (SSE). The value of the firm’s share rose to the exchange’s maximum allowed daily limit on the first day of trading, according to a statement. The statement added, “Aima’s listing on China’s A-share market further cements the company’s…
VRChat, a social virtual reality (VR) platform, has announced a Series D investment round of $80 million. The round was led by Anthos Capital, alongside participating investors Makers Fund, GFR Fund and others. “VRChat hosts a vibrant, creative, and engaged community that has played a critical role in shaping its continued development. We’re excited to…
Social commerce startup, based in Bengaluru, WINDO has announced that it has raised $500,000 in Unicorn India Ventures led seed round. Prominent angels like CEO of Rapido – Aravind Sanka, CEO of Portea – Meena Ganesh, GrowthStory’s Srinivas Anumolu along with Vivek Bhargava also participated in the financing round. “WINDO plans to use the funds…
Small business banking platform Novo has announced that it has raised $40.7 million in Series A funding round in order to scale digital banking platform for small businesses. Valar Ventures led the round, with participation from Crosslink Capital, Rainfall Ventures, Red Sea Ventures, and BoxGroup. Speaking on the investment, Michael Rangel, Co-Founder & CEO, Novo, said,…
Accenture has made a strategic investment, through Accenture Ventures, in Symmetry Systems, a San Francisco-based provider of data store and object-level security (DSOS) solutions that give organizations visibility into, and unified access control of, their most valuable data assets. Symmetry Systems applies machine learning to help companies better understand and protect their large fleets of data stores…
Nobel Hygiene has announced that it has secured around Rs 450 crore in funding led by Quadria Capital, a private equity fund focused on healthcare. Quadria, with the latest investment, will also hold a minority stake in the firm. Speaking on the investment, Kamal Johari, Managing Director and CEO, Nobel Hygiene, commented, “We are delighted…
Hyderabad-based OaaS firm, headquartered in the Silicon Valley, Quantela has announced that it has raised $40 million from digital infra focused fund Digital Alpha. Sridhar Gadhi, Founder and Executive Chairman, Quantela Inc., said, “The growth capital from Digital Alpha is a validation of the market opportunities that exist for us. While Quantela has been growing exponentially since…
Pequity, an intelligent compensation platform, has announced that the company has closed a Series A round of $19 million, led by Norwest Venture Partners with participation from First Round Capital, Designer Fund, and Scribble Ventures. “Compensation reflects a company’s values, affects its ability to hire talent, and is the biggest expense on its P&L. And…
Synapsica Healthcare has announced that it has raised $4.2M in Series A round from Endiya Partners and IvyCap Ventures for global expansion. Y Combinator, a Silicon Valley-based incubator along with other angel investors also participated in the funding round. Vikram Gupta, Founder and Managing Partner, IvyCap Ventures Advisors Pvt Ltd, said, “Synapsica with its AI tools help…
GoMechanic has announced that it has raised $42 million in Series C funding round led by Tiger Global Management. The funding round also saw partcipation from Orios Venture Partners, Sequoia Capital India and Chiratae Ventures. Speaking on the investment, GoMechanic’s founders said “We are thrilled to welcome Tiger Global as our partner at the cusp of our…
India’s leading Ayurvedic Healthcare company Dabur India Ltd commenced construction of its largest, most modern and environment-friendly manufacturing facility in Madhya Pradesh. Being set up with a phased investment of around Rs 550 Crore, this new unit would manufacture a range of Dabur’s Food Products, Ayurvedic Medicines and Health Supplements. A ground-breaking ceremony was organised…
Edtech startup MicroDegree has announced that it has raised undisclosed sum in the latest financing round from investors including RIIDL (Research Innovation Incubation Design Labs) as well as Founder and CEO of Organic Riot – Siddharth H Somaiya in an Individual capacity. Speaking on the investment, Manikanta Nair, Co-founder of MicroDegree, stated, “We will use…
Grinntech, an investor-backed start-up specialising in Lithium-Ion batteries for EVs and energy storage systems, has closed a bridge round of around $2M. Speaking on the announcement, Puneet Jain, Co-founder and Director, said, “We are grateful to this sign of confidence from our investors. On the back of the recent announcement from the Government of India,…