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…
RACEnergy, an electric mobility startup, recently announced that it has raised an undisclosed amount in seed funding. The funding round saw participation from growX ventures and Prophetic Ventures among others. Huddle’s EV Accelerator Programme, also participated as part of this round. RACEnergy was founded by BITS Pilani alumnus Arun Sreyas and Gautham Maheswaran. The company…
Y Combinator-backed agritech startup Kisan Network recently announced that it has raised $3million in a seed funding round. Led by Atsushi Taira at Milestone, the round saw participation from Y Combinator, the Thiel Foundation, Venture Highway, FundersClub, Lynett Capital, Gokul Rajaram, and others. Kisan Network was founded by a father-son duo, Aditya and Sanjay Agarwalla…
The United Kingdom government has recently announced its decision to launch a £4million “Innovation Challenge Fund” in India. The fund is focused on two major clusters, which include artificial intelligence and big data in Karnataka and future mobility in Maharashtra. The successful bidders are likely to have an international part from the UK. Launched on…
In a bid to strengthen its commitment towards the Indian startup ecosystem, HDFC has announced its aim to invest ₹100crore every year in technology startups. HDFC Chairman Deepak Parekh said that the company will create an in-house team at its headquarters to take charge of investments. This team would dedicatedly work on understanding the startup…
Beating the global economic slowdown, venture capitalists are eyeing heavy on the Indian startup ecosystem. One of the most active investors in India, Sequoia Capital is in planning to launch a $1.25billion fund making it the largest venture fund specially dedicated to Indian startups to date. It is being estimated that the new fund will…
One of the earliest backers of several Indian start-ups, US-based Tiger Global Management, has recently announced that it has closed a $3.8bn global fund. The company plans to use this fund to continue its aggressive investment in tech startups in China, India, and the US. The strategy for the new fund will be similar to…
American hedge fund company, Tiger Global Management, has closed a $3.75 billion global private investment vehicle, as per media reports. India will be among the three key focus geographies for the new vehicle – Tiger Global Private Investment Partners XII – along with China and the US. The firm had emerged as one of the…
Samosa Singh, a Bengaluru-based food startup, announced that the company has raised $2.7 million in a Series A round of funding led by She Capital. The round also saw participation from other investors that include Fireside Ventures, Equanimity Investments, AL Trust, and Japan-based AET Fund. The company will use the funds to scale up its…
Pine Labs, an Indian merchant fintech platform based in Gurugram, announced that it has raised an investment from Mastercard. The amount raised remains undisclosed. As per the company’s press statement the investment is part of a partnership to keep the growth of different electronic payment options for consumers continue across the region. Lokvir Kapoor, Founder…
Livspace, a Home design and renovation platform, announced that the company has raised about $60 million. The company gets investments from Hong Kong-based Tahoe Investment Group, and Singapore-domiciled Mercer Investments and EDB Investment, along with Kharis Capital, a European investment management firm and Venturi Partners’ managing director Nicholas Cator, as per their regulatory filings sourced…
Skylo Technologies has recently announced its latest rounds of investments. The startup raised $13mn through its Series A funding round from Doll Capital Management (DCM), Innovation Endeavors, and Moore Strategic Investors. The startup also announced that through its Series B funding it has raised $103mn from SoftBank Group and existing investors. The San Mateo-based startup…
Samsung Electronics Co, on Monday, announced that it is considering building a factory in India to produce flat-screens under the Samsung Display subsidiary. The company is planning to invest $500million as it is attempting to expand smartphone production in the country. According to a company filing, Samsung Electronics will provide a ₹3,500crore loan and transfer…