The annual research report on ‘2020 in Retrospect’ reveals that Impact enterprises received ~$2.6BN in investment across 243 equity deals and saw 13 successful exits in the calendar year (CY) 2020. Despite the global health pandemic and its accompanying effects on the business and economic environment, impact investors continue to pledge their support to solving…
Pickrr, a end to end SAAS based logistics solutions provider, has raised $4 million funding from investors led by Guild Capital and Omidyar Network India. The startup is backed by angel investors and high net worth individuals. The startup will utilise the funds to expand its business and for product development. “This is a mix…
Bengaluru-based water purifier startup DrinkPrime recently announced that it has raised Rs 21 crore in its pre-Series A round. The financing round was led by Omidyar Network India, with participation from Sequoia Surge. The startup will use the current financing to fuel expansion. The Company has plans to strengthen its team and invest in growth…
Omidyar Network India, an investment firm focused on social impact, announced that it has fully utilized the capital pool of Rs 10.75 crore under its Rapid Response Funding Initiative for Covid-19. The initiative was launched on March 24, 2020 – since then 2000 applications were received and 67 proposals have been approved. Of this, Rs…
GramCover Insurance Brokers Pvt. Ltd, a Noida-based tech-enabled insurance marketplace for rural India, announced that it has raised pre- Series A funding from new and existing investors. The details of funding remain undisclosed. Investors that took part in the funding round include EMVC, a US-based boutique strategic venture firm focused on early-stage fintech and insure-tech,…
Bounce, an Indian scooter rental start-up, has raised an additional $105mn from Accel Partners and B Capital Group. The latest round is part of the ongoing Series D funding round. The company was founded by Vivekananda H.R., Anil G, and Varun Agni in 2014. Other investors who participated include Sequoia Capital India, Chiratae Ventures, Maverik…