Gurugram-based foodtech unicorn Zomato recently announced that it has raised $5mn in its Series J funding round. The funding round was led by Pacific Horizon Investment Trust PLC through its agent Baillie Gifford and Company. According to company regulatory filing, Pacific Horizon has been allotted 1,177 Compulsorily Convertible Cumulative Preference Shares (CCCPS). Each of these…
Food delivery platform Swiggy has recently raised $43mn in its ongoing Series I funding round. The funding round was led by existing investor Tencent and saw participation from Ark Impact Asset Management, Korea Investment Partners (KIP) and MACM India Growth Fund. The company had initiated its Series I round in February and had raised $113…
Agritech startup Ergos recently announced that it has raised ₹35Cr in a Series A funding round from Aavishkaar Capital, the investment arm of Aavishkaar Group. It is being said that the Series A funding is expected to be a part of a larger INR 100 Cr round which will see participation from Aavishkaar Capital and…
Elearning platform Lido Learning recently announced that it has raised $3mn in Series B funding from Rocket Internet founder-backed Picus Capital and Paytm President Madhur Deora. This is the Mumbai-based startup’s second fundraiser within just one year of its inception. The edtech startup had earlier raised $3mn in Series A funding round in November last…
New Delhi-based technology-enabled insurance grievance redressal platform, Insurance Samadhan has recently raised an undisclosed amount of seed funding from incubator and accelerator Venture Catalysts. It is understood that the company will use these funds to develop the technology stack and the product to scale operations. “This fundraiser would help us to develop our technological frame.…
Log management platform Humio, recently announced that it has raised $20mn in Series B funding round. The funding round was led by Dell Technologies Capital, the global venture capital investment arm of Dell Technologies along with existing investor Accel. With the recent investment, the company plans to increase its capabilities to keep pace with demand…
CoreStack, a Seattle- Chennai based, venture-backed, Enterprise-Cloud Governance Technology Startup with R&D Centre in Chennai, recently announced an $8.5 million in Series A Financing round led by Naya Ventures with participation from strategic investors. With the recent funding, the company plans to add 20 more cloud specialists to its existing workforce of 64 in its…
MeraKisan Private Ltd., a part of the Mahindra Group, and a prominent player in the organic agribusiness market, with a focus on avant-garde organic food supply chains, recently announced its partnership with Ajinkya Rahane, Vice-Captain of the Indian Test Cricket team. Ajinkya who hails from a farming background and is an ardent supporter of farmers…
Edtech platform Univariety recently announced it has raised $1.1mn (₹8Cr) from Info Edge. This is reportedly Info Edge’s second investment in the Hyderabad-based company in a span of two years This primary funding will be used by Univariety for business growth with a focus on product development, scaling up its alumni platform for schools and…
Medtech startup Cardiotrack recently announced that it has secured an undisclosed amount of funding from Singapore-based private equity platform Frontline Strategy Funds. The Pre-Series round of investment also saw participation from other angel investors. The company plans to use these funds to grow its customer base in India and international markets, as per an official…
Student housing startup Stanza, recently announced that it will venture into managed housing for working professionals with a capacity of 10,000 beds in four cities. The company plans to add an additional 50,000 beds in the new segment with an investment of ₹150Cr for expansion. According to a LiveMint report, the company initially will focus…
Bengaluru-based virtual meetup startup Airmeet recently announced that it has raised $3mn in funding. The funding round was led by Accel India with participation from VentureHighway and Global Founders Capital. Other investors like CloudCapital, BetterCapital, 100x Entrepreneur Fund, and Sequoia Scout also participated in the funding round. Entrepreneurs and CXOs like Gaurav Munjal, Co-founder, Unacademy;…
Bengaluru-based Edtech startup Oda Class recently announced that it has raised an undisclosed amount of investment in pre-Series A funding round. The funding round was led by a Chinese educational company, Yuanfudao. Interestingly, the founder of Yuanfudao is also a founding member of the Oda Class. As per an official company statement, Oda Class plans…
Leading socks eCommerce startup Soxytoes recently announced that it has raised an undisclosed amount of investment from Gurugram-based angel investors network. According to a company statement, the startup plans to use these funds for digital marketing, increasing their kiosk network, expanding into international markets and launching new product lines such as personalized and kids socks.…
Delhi-based coffee startup Sleepy Owl recently announced that it has raised an undisclosed amount in Series A funding round. The funding round was led by Rukam Capital and AngelList India. Existing investor DSG Consumer Partners also participated in the fundraising. Post the investment, the startup would have raised ₹16Cr in total funding. The company plans…