Magenta EV Solutions said eminent Indian-American philanthropist, cardiologist and serial entrepreneur Kiran C Patel has committed an investment of USD 15 million (close to Rs 110 crore) in the company, according to PTI report. This latest round of Series A funding will be used to develop more EV charging solutions and grow an international footprint,…
RuleZero, a technology platform that automates and manages equity ownership in venture-funded startups, has raised Rs 10 crore in funding from Zerodha’s Rainmatter Capital, IndusLaw, Reddy Futures and Kris Gopalakrishnan, according to ETtech report. Founded in 2019 by Satish Mugulavalli and Srinivas Katta, Rulezero is a legal/fintech startup reimagining private markets by building an intelligent…
California-based supply chain logistics enterprise Hwy Haul, a company launched by former Walmart executives, has raised $10 million in Series A funding to transform the way fresh produce is shipped and delivered, according to TNN report. Eileses Capital led the round with BluePointe Ventures as the co-lead. Other investors include AgFunder, True Blue Partners and…
Mux, the leading video platform for developers, announced it has raised $105 million in a Series D funding led by Coatue, along with existing investors Accel, Andreessen Horowitz (a16z), and Cobalt, with new participation from Dragoneer. This latest investment brings Mux’s total funding to $175 million and raises its valuation to over $1 billion, the…
ElasticRun, a Kirana Commerce Platform that enables businesses to reach small Kirana stores in the deep rural parts of India, announced it has raised $75 million in its Series D financing round co-led by existing investors Avataar Ventures and Prosus Ventures, according to TechCrunch report. Existing investor Kalaari Capital also participated in the round, which…
TrulyMadly has raised $2.1 million in a pre-Series A funding round from Venture Catalysts, 9Unicorns, Jana K. Balan, Negen Capital’s Neil Bahal and Ruchi Sihare. Existing investors Inflection Point Ventures, The Chennai Angels and AngelList. A clutch of startup founders—including Paytm’s Vijay Shekhar Sharma, InMobi’s Abhay Singhal and Piyush Shah, Nodwin Gaming’s Akshat Rathee and…
Cruise announced that several institutional investors and Walmart have joined its previously announced investment round, bringing the total capital raised to $2.75 billion at a valuation of more than $30 billion. “Self-driving cars will make transportation safer, cleaner and more accessible for everyone. Making this happen requires a clear mission, world-class talent, great partners and…
Jambox Games, a Singapore-based competitive game publishing platform for indie developers, announced it has raised $1.1 million seed funding led by Ludus Venture Studio with participation from angel investors, ET said in its report. Started by former AdColony APAC MD Vikas Gulati, Jambox Games aims to help casual and hypercasual game developers in India and…
Benchling, the leading life sciences R&D cloud, has raised $ 200 million in Series E funding led by Sequoia Capital Global Equities and is joined by Altimeter Capital, Byers Capital and Elad Gil. Existing investors participated including Thrive Capital, Benchmark, Menlo Ventures, Alkeon Capital, ICONIQ, Lux Capital, Spark Capital and Lead Edge Capital. The company…
Credflow, a FinTech startup offering cash flow management solutions for Indian SMEs has raised $2.1 Million (Rs 15.2 crore) in seed funding led by Stellaris Venture Partners, Omidyar Network India and Flourish Ventures. CredFlow will be investing in platform development, strengthening tech capabilities and building new products as it focuses on expanding its customer base.…
Edtech platform LearnVern has raised over USD 1 million funding from undisclosed international investors. The fund invests in strong teams that build solutions for Career and Skill Development. Launched in January 2020 by an entrepreneurial couple having 12+ Years of experience in the Training Business, LearnVern is an Online Learning platform that offers Job Oriented…
Jharkhand-based dairy startup Puresh Daily said it has raised Rs 1.2 crore seed funds from Dhianu Das of Alfa ventures and Agility Venture Partners that will be utilised for business development, technology and brand building, the PTI report said. “We’re charged with the investors’ confidence, as they oversubscribed our start-up during this seed round. With…
PumPumPum, a startup involved in used-car leasing, has raised Rs 5.5 crore in a pre-Series A funding round led by Inflection Point Ventures, according to PTI report. Other investors that participated in the funding round include Lets Venture and Agility Ventures. The company plans to utilise the capital for various activities, including consumer awareness, technology…
OFB Tech, which operates business-to-business (B2B) platform OfBusiness, has concluded its Series D2 funding round of $110 million led by Falcon Edge Capital, according to ET report. Post funding, the company’s valuation reaches $800 million. OfBusiness is a new age fintech startup which provides smart financing to SMEs. Existing investors Matrix Partners India, Creation Investments,…
FinanZero , a Swedish-owned fintech that operates as an online loan finder to find personal credit with partner financial institutions, announced the raising of R $ 40 million with the participation of the funds Swedish VEF, Dunross & Co and Atlant Fonder and other investors. “The volume of credit requests on our platform continues to…