Biofourmis, a digital health company that powers personalized predictive care, announced that it has raised a $100 million Series C financing round led by SoftBank Vision Fund 2. Existing investors Openspace Ventures, MassMutual Ventures, Sequoia Capital and EDBI also participated in the funding round. Biofourmis will use the funding for developing, validating and commercializing several…
HomeLane, operated by Homevista Decor and Furnishings Pvt Ltd, announced that the platform has raised Rs 60 crore in a bridge funding round led by Stride Ventures. Stride Ventures has led the round with a Rs 20 crore debt commitment, HomeLane said in a statement. The remaining Rs 40 crore has come via equity funding…
Sequoia Capital, a Silicon Valley-headquartered venture capital firm, announced the expansion of its India leadership team with the appointment of a new marketing chief, public policy head and an operating partner. The blue-chip venture capital firm named former Star India senior executive Gayatri Vasudeva Yadav as its new Chief Marketing officer, and Ajey Gore, the…
Palo Alto-based early-stage venture firm, Wing has recently closed its third fund by raising $450mmn in capital. The entire fund was raised virtually and is substantially bigger than its second fund which raised $300mn in funds. The venture capital firm was formed in 2013 by veteran venture capitalists Peter Wagner and Gaurav Garg. Wagner previously…
Grofers, a low-price online supermarket that provides grocery delivery, said that it is on track to rack up $60-$70 million in new funding, according to an ET report. Currently, the company has registered a major demand surge with more Indians shopping online for essentials amid a continued nationwide lockdown to stem the spread of the…
Venture Capital firm Sequoia Capital India’s recently announced that it has selected 15 early-stage startups from Southeast Asia- and India for its accelerator program Surge’s third cohort. Out of these 15 startups, seven are from India, while one-third of the startups in the batch have women founders. According to an official statement released by the…
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…
Empower, a high-growth mobile banking app in the US challenger bank category, announced $20 million in Series A funding. New investors that took part in the funding round include Icon Ventures, Defy Ventures, and David Velez, Founder and CEO of Nubank, one of the most valuable financial technology startups in the world. Existing investors Sequoia…
Zetwerk, a Bengaluru-based manufacturing services platform has recently raised $2.2million in a fresh funding round from InnoVen Capital. The company was founded by Amrit Acharya, Srinath Ramakkrushnan and Vishal Chaudhary. The company specializes in connecting manufacturing companies with vendors and suppliers for customized products. On the other hand, the company also has a demand model…
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…
Food delivery start-up Zomato on Friday announced that it has raised $150mn in fresh funding from Alibaba subsidiary Ant Financial. With the recent investment, Zomato is now valued at $3bn. Zomato was founded by Deepinder Goyal and Pankaj Chaddah in 2008. So far Zomato has raised a total of $840mn in funding from multiple investors.…
GoMechanic, a car care solution provider has raised ₹105 crores in Series-B funding led by Chiratae Ventures and Sequoia Capital with Orios Venture Partners also participating in the fundraiser. The company was founded by Amit Bhasin, Kushal Karwa, Nitin Rana and Rishabh Karwa in 2016. Earlier in January 2019, it had raised ₹35 crores in…
Jumpstart, which provides a way for organizations to tap into a wider pool of candidates, has raised $8.5 million in Series A led by storied VC firm Sequoia Capital, with participation from Michael Lynton, chairman of Snapchat’s parent Snap Inc.; and Joshua Steiner, the co-chairman of commodity trading firm Castleton Commodities International LLC.
Mumbai-based startup Amica Financial Technologies, an upcoming digital retail bank, has received $24 million in its maiden funding round. The funding is backed by a long list of institutional investors including Greyhound Capital, 3One4 Capital, Germany’s Rocket Internet, venture capital funds Matrix Partners and Sequoia Capital. The company was founded by Citrus Pay cofounder Jitendra…