Razorpay, a Bengaluru-based payment service provider that helps businesses automate collections through its gateway service, while helping small businesses manage money flow, said it has raised $160 million from Sequoia India and Singapore-based GIC in a funding round, according to ET report. Existing investors Ribbit Capital and Matrix Partners also participated in the funding round.…
DaMENSCH, a Bengaluru-based designer and seller of men’s apparel, has raised around Rs 50 crore in its Series A funding round. The funding was led by Matrix Partners India, Saama Capital, Whiteboard Venture Partners and Alteria Capital. Founded in 2018 by Anurag Saboo and Gaurav Pushkar, DaMENSCH’s product portfolio comprises a range of innerwear that…
Avail Finance, a Bengaluru-based financial care service provider for the unorganised workforce of India, announced that it has raised about Rs 87 crore in a Series B funding round, led by Falcon Edge Capital, as per Entrackr report. Existing investor Matrix Partners also participated in the funding round. Alphawave Incubation, which is managed by Falcon…
Automated data integration provider, Fivetran recently announced that it has raised $100mn in Series C financing, led by Andreessen Horowitz (a16z) and General Catalyst. The funding round also saw participation from existing investors CEAS Investments and Matrix Partners. The company said it will use the funding to accelerate global expansion, drive adoption in the enterprise…
Oziva, a clean label, plant-based nutrition brand, announced that it has raised $5 million led by Matrix Partners, according to an ETtech report. Existing investor Titan Capital also participated in the funding round. The company will utilise the capital infusion to invest deeper in R&D, technology, team expansion, as well as to widen its customer…
Stanza Living, a shared living company offering dedicated solutions for students and working professionals across 10+ cities in India, announced that it will be investing Rs 400 crore over the next two years, according to a YourStory report. The investment will be aimed at expanding its rental accommodation business. The company is backed by marquee…
LoadShare, a Bengaluru-based tech-enabled logistics platform, announced it has raised Rs 100 crore funding led by Beenext. Other investors that took part in the funding round include CDC Group and existing investors Stellaris Venture Partners, Matrix Partners and venture debt fund Alteria Capital. The company plans to use the funds to deepen its ‘essentials’ supply…
LoadShare, the Bengaluru-based logistics startup, has raised Rs 15.3 crore funding as part of its ongoing Series B round, led by CDC Group of UK. Prior to this financing round, the company had raised a cumulative funding of $5 million with investors such as Matrix Venture Partners and Stellaris Venture Partners. Besides, it has also…
Jupiter, the digital banking startup founded by former PayU India managing director Jitendra Gupta, announced it has raised an additional $2 million (Rs 15.2 crore) in a top-up funding round led by British venture capital firm Hummingbird Ventures and US-based Bedrock Capital. Recently, the company raised $24 million in a seed round from a number…
The ongoing COVID-19 pandemic has become a major crisis for young business owners. With employees unable to attend offices, operations temporarily suspended and a government-imposed 21-day lockdown, everything for some time has come to a halt. The unprecedented health crisis is going to have a deep impact on every aspect of Indian society and the…
Camp K12, a Gurugram-based education technology startup, announced it has raised $4 million seed funding co-led by Matrix Partners and SAIF Partners. The company has built an online tutoring platform for students in kindergarten to 12th grade, which it has rolled out in India first. The startup was initially started out as a code school,…
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…
Park+, a Delhi NCR-based smart parking startup that works toward digitising parking across India, has raised $11 million in a funding round co-led by venture capital funds Sequoia India and Matrix Partners India. Other angel investors that took part in the funding round include Deep Kalra, Rajesh Magow, Ashish Hemrajani, Kunal Shah, Kunal Bahl and…
India’s leading ride-hailing company Ola has decided to invest an additional $100 million in scooter-sharing startup Vogo, this new funding will help the firm to expand its current fleet. The scooter-sharing startup started its service eight months ago with 2000 scooters in Bengaluru and Hyderabad, now with this new funding, the firm can acquire 100K new scooters that…