Agritech startup, CropIn has raised $20 million in Series C funding led by Temasek-backed ABC World. The funding round also saw investment from existing investors Chiratae Ventures, Invested Development and Ankur Capital along with fresh investors CDC Group and Pratithi Investment Trust of Kris Gopalakrishnan’s family office. With this round, the total funding raised by…
Payment processing firm Phi Commerce has raised $4 million in its latest financing round. The Series-A funding round saw participation from Beenext, a Singapore-based VC firm and fintech focused early-stage investment firm, Yatra Angel Network. Yatra Angel Network aims to foster entrepreneurship specifically in fintech domain i.e. payments, lending, insurance, wealth, inclusion and other fintech…
Indian electronics and lifestyle startup, boAt has raised approximately $100 million from an affiliate of Warburg Pincus, a global private equity fund focused on growth investing. “We welcome Warburg Pincus as a new investor into the company. This is a vote of confidence for our business model and growth prospects. The investment is great news for…
Kirin Holdings, beer maker of Japan, is planning to invest $30 million in B9 Beverages, the New Delhi-based company informed on Monday. The Japanese company will buy a stake of 10% in the maker of craft beer Bira, B9. CEO Ankur Jain said – “The companies will be exploring business synergies, the investment would allow Bira…
Fluence, the leading global energy storage solutions provider, announced that it has entered into a definitive agreement with the Qatar Investment Authority (QIA) pursuant to which QIA will commit to invest $125 million in Fluence through a private placement transaction. Consummation of the transaction is subject to the satisfaction of customary closing conditions, including regulatory…
Gramophone, an Indore-based agriculture technology firm has secured Rs 25 crores ($3.4 million) in fresh financing round led by deep tech investor, Siana Capital. The latest round also saw participation from existing investors – Info Edge, Better Capital and Asha Impact. With this investment, the total funds raised by the startup stands at Rs 55…
AICTPL settled its USD 300 million public USD bond issuance on 21st December 2020. The issue witnessed participation from marquee real money investors with interests coming from around 220 accounts leading to approx. 10 times oversubscription. The issue of ~10 Years was priced at par to yield 3.00% which is also the lowest coupon achieved by any…
Gurugram-based startup – Slurrp Farm, a health snack maker, has secured $2 million in its Series A financing round from Fireside Ventures. A statement made by the company said – “The company will deploy the funds raised for product innovation, marketing, and increasing inventory to cater to increasing demand.” It will also use the fresh funds…
Glance, lock screen platform, has closed a $145 million investment round from Google and existing investor Mithril Capital. Glance is a subsidiary of InMobi Group and owner of the video-sharing social media platform Roposo. Glance delivers AI-driven personalized content in multiple languages including English, Hindi, Tamil, Telugu and Bahasa on the lock screen of Android…
Max Speciality Films Limited (MSFL), a subsidiary of Max Ventures & Industries Limited (MaxVIL), announced that it is investing Rs. 600 million to install two metallizer lines to meet the increased demand for specialty packaging from packaged food segment with improved shelf life offering 100% reliable laminate options. MaxVIL holds 51% stake in MSFL, while…
Pine Labs, one of Asia’s merchant commerce platforms, has raised a fresh round of funding from Lone Pine Capital. With this investment, Pine Labs is now valued at over USD $2 billion. “We are thrilled to welcome Lone Pine as an investor during this exciting and transformative phase of Pine Labs’ growth journey,” commented B. Amrish…
Teamonk Global is planning to secure $5 million to augment its business in overseas markets and tap growing demand of green and black teas amid the Coronavirus health-crisis, according to a company official. The Tea brand markets specialty teas and aims three-fold jump in revenue i.e by 55 per cent this fiscal to Rs 10.5…
Zomato has raised $660 million in primary funding round with post-money valuation of $3.9 billion, the company’s co-founder Deepinder Goyal informed on Twitter. Deepinder Goyal, Founder & CEO of Zomato, leads product development along with overseeing strategy and leading business expansion. Prior to founding Zomato in 2008, Deepinder worked as a management consultant with Bain…
Content-focused platform Hashnode has landed $2.1 Million in its fresh financing round. The latest funding round saw investments from Surge – Sequoia Capital India’s startup accelerator along with angel investors, Naval Ravikant, Shashank Kumar, Ritesh Arora, Harshil Mathur and Nakul Aggarwal. The fourth cohort of Surge was launched in November and the developer blogging startup is now…
ZeroAvia, a Hydrogen plane startup has sealed $21.4 million in its fresh financing round led by Breakthrough Energy Ventures of Bill Gates. The startup aims to develop zero-emission commercial aircraft with the funds raised. “This is a capital-intensive industry, so having investors to help you through the process is very important,” ZeroAvia Chief Executive Val…