Greenhouse agritech startup Clover recently announced that it has raised $5.5mn in Series A funding round from Omnivore. The funding round also saw participation from existing investors Accel and Mayfield. In a press release Avinash BR the Co-founder of Clover, said “We are thrilled to partner with Omnivore, Accel, and Mayfield as we scale our…
Business to business e-commerce platform for local Kirana stores, MaxWholesale recently announced that it has raised $3mn in Series A funding round. The funding round was led by venture capital fund IAN Fund-I and AI Falaj Investment Company, an Abu Dhabi based private family office. The funding round also saw participation from existing investor Maple…
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…
Indian tech giant Infosys recently announced that it has completed the sale of its stake in Danish startup UNSILO for $800,000, approximately ₹5.7cr. Infosys had invested in UNSILO in 2016 about ₹14.5cr from its $500mn innovation fund. UNSILO is an AI startup focused on advanced text analysis. It uses a combination of machine learning and…
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…
Health and fitness start-up CureFit is set to receive an investment of $100 million. As per a Mint report, Singapore’s government-owned investment firm Temasek is reportedly in talks with CureFit to invest $100mn. The transaction is expected to conclude in the next six to eight weeks. It is understood that the Singapore-based investment firm has…
Reliance Industries Ltd (RIL) has invested $8 million in California-based NetraDyne, an artificial intelligence startup that focuses on fleet management, automotive, security, and surveillance. This is the second time Reliance is investing in NetraDyne, Earlier this June RIL invested $16 million in the AI startup. Both of these investments were made via Reliance Industrial Investments and Holdings Ltd…