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…
Aviom India Housing Finance Pvt. Ltd, a Delhi-based housing finance company, announced that it has raised an investment of $3.7 million from Gojo & Company, Inc., a Japan-based firm that holds stakes in microlenders, according to a VCCircle report. The company will utilise the fund infusion to set-up additional branches and expand its loan portfolio.…
Blue like an Orange Sustainable Capital has closed its first fund, raising just over $200 million for its Latin America Fund I (“the Fund”). The Fund focuses on mobilizing private, primarily institutional, capital for Latin America, and counts over 25 investors as Limited Partners – including AXA, HSBC, CNP Assurances, BNP Paribas Cardif, SG Insurance,…
New Delhi-based co-working space solutions provider, Awfis, recently announced that it has raised ₹40 crore in debt and equity through its ongoing Series D round funding. The round saw participation from its existing investors Bisque Limited and Link Investment Trust. The WeWork inspired proptech company started its Series D round last year in August. The…
Chinese transportation company, DiDi recently announced that it has completed a $500mn fundraising round for its self-driving unit. The funding round was led by Masoyoshi Son-led SoftBank’s Vision Fund 2. The ride hailing giant said in a statement that the round marked the first time DiDi’s self-driving business had brought in external funding since it…
Chinese internet giant Tencent Holdings Ltd is reportedly in talks to invest $200mn in Warner Music Group. The recent development from Tencent comes just days ahead of the record company’s slated initial public offering. According to a Wall Street Journal report, Warner Music is also working to line up institutions that, along with Tencent, would…
Arterys, a US-based global medical imaging platform to deliver clinical AI products over the internet, announced that it has raised a $28 million Series C investment from a syndicate led by Benslie Investment Group and Temasek Holdings, with participation by Fosun, Revelation Partners, Emergent Medical Partners, and Varian Medical Systems. Arterys said it will deploy…
Timios, a Bengaluru-based online platform intended to offer age-appropriate nutritional products, announced that it has raised capital as part of its pre-Series A round of funding, according to a VCCircle report. Financial details of the funding remain undisclosed. The pre-Series A funding round was led by Rangsons Technologies LLP, which is part of the Mysore-based…
Gurugram-based cloud kitchen startup, Hoi Foods recently announced that it has raised $2mn in pre-Series A funding round. The funding round was led by equity crowdfunding platform 1Crowd. The funding round also saw participation from Sprout, Angelist, Samar Singla – Founder of Jugnu, Jaideep Mehta – CEO of VCCircle, Mukund Kulashekaran – SVP of Business…
CoinDCX, a Mumbai- based startup that specializes in crypto-enabled financial services, announced it has secured a $2.5 million strategic investment led by Polychain Capital with support from Coinbase Ventures, the investment arm of San Francisco-based cryptocurrency giant Coinbase. CoinDCX states that the investment will bolster its efforts in building a user-focused and secure exchange to…
New Delhi-based electric vehicle start-up Euler Motors recently announced that it has raised ₹20 Crores through its ongoing series A funding round. The fundraiser was led by Inventus Capital along with other participants. The other investors in the fresh round of funding include Blume Ventures, Singapore-based Jetty Ventures India Investments and Udaan’s co-founder Sujeet Kumar.…
Technology company Datch has secured $3.2 million in seed funding for its “Voice-Visual” AI assistant for industry. The funding round saw participation from Blue Bear Capital as the lead investor, along with support from Stage Venture Partners, Tuhua Ventures, Lorimer Ventures, Predictive Venture Partners, and Plug and Play Ventures. “With industry-leading partners on board from…
International Finance Corporation announced that it has plans to invest $10 million in Onsitego, India’s customer service company for personal devices, gadgets, small and large home appliances, according to a VCCircle report. In a disclosure, IFC said the investment will be made through by subscribing to preferred shares in Mumbai-based Onsitego, which announced its Series…
Quick Heal Technologies, a provider of cybersecurity and data protections solutions to consumers, businesses and Government, announced a strategic investment of Rs 2 crores in Ray Pte. Ltd., a Singapore based start-up specializing in next generation networking and wireless technology. The investment is a part of Quick Heal’s ongoing efforts to invest in disruptive technologies…
Info Edge Ltd, one of India’s premier internet based business that runs Naukri.com and 99acres.com, announced that it will be investing in two companies via IE Venture Fund I, its investment vehicle that focusses on technology-based startups, according to a VCCircle report. The investments will be made in Fanbuff Esports India Pvt. Ltd, which operates…