Chennai-headquartered – Five Star Business Finance Ltd has secured ₹1,700 crore ($234 million) from a KKR-led consortium. The funding round saw participation from existing investors – Sequoia Capital India, Norwest Venture Partners along with new investors – KKR and TVS Capital, among others. The funding will also be made through sales of secondary shares by…
Amplicore Inc., an early-stage biopharmaceutical company currently developing locally delivered and minimally invasive therapeutic solutions for musculoskeletal diseases, has closed its Series Seed round of funding at $4 million. Investments were led by Photon Fund, with participation from Industrial Technology Investment Corporation, Berkeley Catalyst Fund, and SVE Capital. “We are very pleased to have accomplished…
Agritech startup digitizing India’s silk supply chain – ReshaMandi has raised $1.7M in seed round led by Omnivore and Strive Ventures. The fresh funding round also saw participation from Supply Chain Labs (Lumis) and Axilor Ventures. “The founders’ plan is to use this funding to strengthen their digital platform and expand beyond Karnataka, establishing a…
Bangalore-based start-up Homingos, building Augmented Reality (AR) based social networking platform, has announced a round of funding. Seasoned investors led by BITS Spark Angel Network members Raju Reddy, Sundi Natarajan, JayanRamankutty, Shivakumar Ganesan, Rahul Seth, and Srinivas Anumolu of Growth Story, and others are backing the team. Founded by Shourya Agarwal, Malhar Patil and Rajat…
Personal care brand – Bombay Shaving Company has raised Rs 15 crore from Sixth Sense Ventures, an existing investor of the company. Speaking on the investment, Shantanu Deshpande, founder and CEO, Bombay Shaving Company, said, “Thrilled to see Sixth Sense Ventures doubling down on their investment in us. Our primary goal now is to build…
An online platform that empowers micro, small and medium-sized enterprises (MSMEs) to obtain suitable financing – Rupifi has secured $4.1 million in the latest funding round. The pre-Series A funding was led by Quona Capital. Ankur Capital along with Cofounder of Flipkart – Binny Bansal also participated in the round. The platform will use the…
Admissions and marketing technology company – ExtraaEdge has secured $1 million in the latest funding round. The pre-Series A round was led by Pentathlon Ventures and existing investors – TiE Pune Angels and Sprout Venture Partners. The fresh financing round also saw participation from IAN, 9Unicorns, Faad Network, DevX Innovation along with cofounder of SaaS…
Neighbor, the self-storage marketplace, has announced it has closed a $53M Series B funding round led by the fund focused on global real estate and proptech, Fifth Wall with support from returning investor Andreessen Horowitz and additional funding from DoorDash CEO Tony Xu and StockX CEO Scott Cutler, who will join former Uber CEO Ryan…
FloBiz has secured $10 million in the latest funding round. The series A funding was led by Elevation Capital, and existing investors Beenext and Greenoaks Capital. FloBiz, the owner of myBillBook app, informed that it will utilize the funds raised to augment its team for product development and to boost its sales and marketing. MyBillBook…
MyCarrier, an Arizona-based tech-enabled transportation management platform designed to revolutionize the shipment workflow process and provide shipping data transparency, has announced that it has closed an $8 million Series A round co-led by Greycroft and Lerer Hippeau, with participation from Andrew Leto, Founder and CEO of Emerge. MyCarrier’s platform streamlines the freight shipping process to offer customers direct access…
Arteria AI Inc., a provider of enterprise digital contracting, has closed an oversubscribed Series A funding round, led by Information Venture Partners and Illuminate Financial Management, with participation from Golden Ventures and StandUp Ventures. “At Information VP, we invest in companies with innovative solutions to tangible business problems, amazing teams and novel technology. Current practices…
Pacaso, the company democratizing second home ownership, has announced $75 million in additional growth funding, bringing the company’s total equity financing to more than $90 million. In addition, the company has secured $1 billion in debt financing from financial institutions. “Pacaso, which launched in October 2020, has achieved unicorn status (valuation of $1 billion) faster…
y42 (formerly Datos Intelligence), a no-code business intelligence platform, has announced a seed round of $2.9 million, led by La Famiglia VC. Additional investors include the co-founders of Foodspring, Personio and Petlab. “With the advent of cloud data warehouses such as BigQuery and Snowflake, it’s now possible for organizations of any size to utilize data warehousing without large…
A Kerala based start-up, Zaara Biotech, will receive funding for their project titled ‘Algae-Seaweed Technology’ by TCN International Commerce LLC based in UAE. The student start-up will raise $10 million or Rs 72.49 crore for production, research and development, distribution and marketing. Zaara biotech is a Biotechnology Start-up company established in 2016 focusing on Research…
Caton Technology (Asia) Limited, a next-generation IP network transport solutions provider has announced a US$50 million majority equity investment from Pasaca Capital Inc., a California-based private equity firm. This investment will support Caton’s expansion plans to reach more businesses, applications and people with its technology and solution to unlock the internet for superior live video.…