Lenskart, India’s omnichannel eye-wear brand, announced it has launched its 100th store in Bengaluru, Karnataka. The company recently concluded a total of $315mn transaction from global growth tech investors this month. With this, the company further plans to expand its retail footprint in the Southern region in the coming months. Lenskart outlets in Bengaluru are…
Morepen Laboratories Limited, a leading manufacturer of high-quality APIs, Home Diagnostics, Formulations and OTC products, has approved an incoming investment of Rs. 433 crore in the Extra-Ordinary General Meeting (EGM) of the company. The members approved the issue and allotment of 58.50 million equity shares for cash to Corinth Investment Holdings AG, Switzerland Rs.41.60 per…
South Korean automobile manufacturer Kia Motors is planning to pump in additional $54 million in its Andhra Pradesh plant. The announcement for the investment was made by the Chief Executive Officer of Kia Motors India Kookhyun Shim. “Kia was a big success in the Indian car market within 10 months of starting production. We are…
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.…
California-based smart electric panel company Span.io recently announced that it has raised $10.2million in Series A funding round. The funding round was led by ArcTern Ventures. The round also saw participation from Capricorn Investment Group, Incite Ventures, and a few existing investors. With the new funds, the company plans to meet the demand and scale…
Philippines-based home services platform GoodWork recently announced that it has raised $1.6 million in seed funding. The funding round was led by US-based Chaac Ventures. According to a company statement, clutch of angel investors from Facebook and Snapchat along with other US investment funds such as Elysium Ventures and Kairos K50 also participated in the…
San Francisco-based Treasury Prime recently announced that it has raised $9mn in its Series A funding round. The funding round led by Amias Gerety of QED Investors with participation by Jason Lemkin of SaaStr and Hans Morris of NYCA Partners. The recent funding round builds on Treasury Prime’s previous $2.5mn seed round. With the latest fund infusion, the company’s total funding nears $11.5mn.…
B2B SaaS platform Templafy recently announced that it has raised $25mn in its Series C funding round led by global venture capital and private equity firm Insight Partners. With Insight Partners at the helm, the additional funding involved participation from Dawn Capital, Seed Capital, and Damgaard Company, bringing the total external capital raised to almost…
Gurugram-based agritech startup Bijak recently announced that it has raised $12mn in series A funding round. The funding round saw participation from over half a dozen investors including existing investors Sequoia-owned Surge Ventures and Omidyar Network. Earlier in October, the startup had raised $2.5mn in seed funding. Bijak was also among the 20 startups picked…
Former President of IndiGo and OYO’s current board member Aditya Ghosh recently announced that he will be joining the Global Advisory Board of CreditEnable. Announcing his appointment, Ghosh through a LinkedIn post also said that he has also made a personal investment in the company. A transformational AI-driven SME credit business, CreditEnable also announced that…
Online real estate rental platform NoBroker.com recently announced that it has raised $30million in Series D funding round by General Atlantic. Reportedly, this is the third investment by the Singapore-based Venture Capitalist firm in the startup. The company said this is an extension of its Series D funding, as part of which it had raised…
Silicon Valley-based venture capital firm Mayfield recently announced that it has raised $750 million in capital through two venture capital funds. With the closure of the new funds, the firm currently has assets over $2.5 billion under its management. The new funds are Mayfield XVI ($475million) and Mayfield Select II ($275million). The firm said that…
Wellthy Therapeutics, a diabetes management startup, has recently raised $4mn in a pre-Series A funding round from early-stage VC firm Saamna Capital. The recent funding in the startup comes after a two year gap when the company had raised seed funding from Ranjan Pai’s family office MEMG, according to an Entrackr report. In 2018, the…
Mumbai-based on-demand logistics marketplace, Porter, has recently announced it has raised ₹140Cr in Series D funding round from Lightstone Global Fund. The recent fund infusion comes at a time when logistics is a big issue for the organizations that are delivering essential services at doorstep due to ongoing lockdown. According to the company filings made…
Gurugram and Patna-based agritech startup DeHaat recently announced that it has raised $12mn (₹83Cr) from investors. The recent funding round was led by Sequoia India and saw participation from FMO, the Dutch entrepreneurial development bank along with existing investors Omnivore and AgFunder. According to the company website, DeHaat is a technology-based platform offering full-stack agricultural…