Parabol, an Agile meeting platform, announced it has secured a Series A investment of $8 million led by M12, Microsoft’s venture fund, with continued participation from CRV, Haystack, Techstars, and others. The announcement comes on the heels of Parabol’s latest milestone of registering 100,000 users across more than 3,000 companies worldwide to help them make…
ReverseLogix Corp., the cloud-based platform to automate reverse logistics for e-commerce brands, third-party logistics providers and manufacturers, announced $20 million in its first round of external funding. The new capital will enhance the company’s capabilities and resources to deliver a turn-key, modular SaaS platform to manage, plan and execute the complex end-to-end reverse logistics process…
Newton School, the Bengaluru-based edtech startup, has raised $5 million Series A round of financing led by RTP Global. Existing investors Nexus Venture Partners, Prophetic Ventures and Unacademy co-founders Gaurav Munjal, Roman Saini and Hemesh Singh also participated in the funding round. Flipkart CEO Kalyan Krishnamoorthy, CRED’s Kunal Shah, Freshwork’s Girish Mathrubootham, Udaan’s Sujeet Kumar…
Ergos Business Solutions Pvt. Ltd has raised Rs 22.5 crore as part of Series-A funding from UK-based CDC Group Plc. With this, Ergos has closed the round at Rs 81 crore. Earlier in March 2020, Ergos raised Rs 35 crore from Aavishkaar Capital. Subsequently, it had raised Rs 23 crore from Chiratae Ventures. Founded in…
Simple Energy, an electric vehicle startup that specializes in manufacturing smart electric scooters, has raised an undisclosed amount of funding from the angel investor Vel Kanniappan and four other investors who participated in this round of funding. According to a company statement, the startup plans also to raise INR 51crore to INR 74 crore (USD…
AMPA Orthodontics, the parent company of dental tech start-up Toothsi, announced it has raised a Series A funding round of $5mn, the company said in a press release. The startup plans to use the funds raised to expand to 15 cities in India, enhance its backend research and development, and invest in technology. Founded by…
Kyt, an online-first, global academy for extracurriculars, designed by the best educators from around the world, has raised $5 million in a Series A funding round led by Alpha Wave Incubation. Sequoia Capital India’s Surge, January Capital, Titan Capital, and other angel investors also participated in the funding round. Kyt is the first Indian company…
Biteable, an online video builder, announced that it has raised $7 million in Series A funding led by Cloud Apps Capital Partners. The startup will utilise the current financing for product development and expanding its global customer base. The company expects to continue scaling its teams across go-to-market, product, engineering, and operations functions. The company…
Medfin, a discovery platform for medical procedures and financing, has raised Series A funding led by HealthXCapital, a Singapore-based healthtech venture capital fund, and Blume Ventures. Japan’s Dream Incubator and existing investor Axilor Ventures have also participated in the funding round. The startup plans to utilise the funds raised to set up Ambulatory Care Centres…
PagarBook, a staff management solutions provider, has raised $15 million (about Rs 110 crore) in funding led by Sequoia Capital. The funds from the Series A round, which also saw participation from India Quotient, will be used in further product development and to drive customer acquisition, a statement said. The company also plans to add…
Contractbook, a legal tech automation company based in Copenhagen, announced that it has raised a $9.4 million Series A investment round led by Bessemer Venture Partners. Existing investor Gradient Ventures also participated in the Series A round. Earlier, Gradient Ventures, which is Google’s AI-focused venture fund, led the company’s €3.5 million seed round. The new…
Mihup Communications, a Kolkata-based conversational AI platform, has raised $1.5 million in an ongoing Series A round. The round was led by Accel Partners, Ideaspring Capital, venture capitalists Rajesh Jain (Founder of Netcore), and Jayant Kadambi (Founder and CEO YuMe Networks). Earlier in 2019, Mihup raised $1.7 million in the similar round. The firm will…
Farmkart, a Madhya Pradesh-based agritech startup which offers a wide range of agricultural products and services to farmers through its e-commerce platform, is planning to raise Rs 90 crore in Series A funding from venture capitalists for expansion across the country, according to PTI report. “At present we are functioning at 1,240 locations in Madhya…
Cityflo, an app-based bus service that provides a commute experience for corporate professionals in Mumbai, has raised Rs 57 crore in Series A funding led by Lightbox Ventures. Existing investor India Quotient along with other angel investors also participated in the round. Earlier in 2019, India Quotient had invested Rs 3 crore into the startup…
Shipsy, a software-as-a-service logistics platform that enables data driven decision making enhancing visibility and operational efficiency for Supply Chain industry, has raised $6 million in a Series A funding round. The funding round was led by Surge, the accelerator programme of Sequoia Capital India, and existing investor Info Edge (India) Ltd. The startup will utilise…