Eavor Technologies Inc., the leader in scalable geothermal technology, has completed a USD$40 million funding round. These investments, and the partnerships formed around them, are critical to the commercialization of the technology and to help Eavor scale its already extensive project pipeline, the company said in a release. Eavor’s technology, known as Eavor-Loop, uses the…
Zomentum, an end-to-end sales acceleration platform for IT channel partners, has raised $13 million in Series A funding round from Elevation Capital, Accel, and Greenoaks Capital. Eight Roads Ventures also participated in the funding round. The funding will be used to further build out its product and for geographic expansions. The San Francisco- and Bengaluru-based…
Onelife Nutriscience, which owns and operates the consumer healthcare brand Onelife, has raised funds from Wipro Consumer Care Ventures, the VC arm of Wipro Consumer Care and Lighting. Financial details of the funding round remain undisclosed. Speaking on the funding, Gaurav Aggarwal, Founder, Onelife, said, “We could not have hoped for a better choice of…
Eupheus Learning, a B2B edtech startup based out of Delhi, announced it has raised $4.1 million in Series B funding led by United Education Company (UEC). Al Rayan Holding Company also participated in the funding round. The startup said it will utilise the capital to grow its business organically in India with a focus on…
Venture capital consortium Indian Angel Network (IAN) has plans to invest over Rs 100 crore in start-up firms across sectors in 2021, according to a governance committee member and co-founder of the network, reports PTI. IAN co-founder Padmaja Ruparel told that the consortium members will evaluate opportunities in biotechnology, augmented reality, manufacturing and in environment…
ePayLater, the Mumbai and Gurugram-based fintech startup, has raised Rs 18 crore in a funding round led by Pravega Ventures and joined by others. Companies in Pravega Ventures’ portfolio include document scanning and management platform Kaagaz, SME-focused digital payments platform Mintoak, and content creator firm CreatorOS. Founded in 2015 by Akshat Saxena, Aurko Bhattacharya, and…
Hiver, the world’s first helpdesk built for Google Workspace, announced it has raised $4 million in debt financing from Singapore-based debt fund Mars Growth Capital. The funds raised will be utilised to fuel expansion, double its revenue by accelerating marketing and sales efforts. Built for Google Workspace (Formerly G Suite) users, Hiver helps teams collaborate…
SplashLearn, the game-based learning company, has raised $18 million in Series C funding led by Owl Ventures and existing investor Accel, according to ET report. Founded in 2010 by four IIT-Kharagpur alumni, SplashLearn offers Math for Pre-K to Class 5 and reading for Pre-K to Class 2. It adapts to each child’s learning ability and…
Siply, an AI-driven ‘sachet financial services’ platform for underserved Indians which currently offers micro-savings, micro-credit, micro-investment and other value added services, announced that it has raised USD one million in seed funding from investors like Jain International Trade Organisation (JITO) Angel Network and Inflection Point Ventures (IPV), along with a group of CXOs from India…
Eduvanz, India’s top fintech Non-banking Finance Company (NBFC) that enables students to Study Now, Pay Later at 0% interest rates, has raised $10 million in debt funding from multiple financial institutions including InCred Financial Services, Vivriti Capital, and Northern Arc Capital. Commenting on the development, Varun Chopra, CEO, and Co-Founder of Eduvanz, “During the pandemic,…
Paytm founder Vijay Shekhar Sharma and Innov8 CEO Ritesh Malik have invested Rs 1.5 crore in the Indore-based outsourcing startup Supersourcing. Commenting on the startup, Mayank Pratap Singh, founder, Supersourcing, said: “We aim to build back the trust in the IT outsourcing industry, an attribute it did have a while ago. This can only happen…
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…
WYN Studio has secured a pre series round of Rs 2 crores at Rs 20 crores valuation from Drummi Bhatt, Sanjay Sacchdev and Narendra Firodia. This is in addition to the seed round of funding of Rs 50 lakhs at Rs 2 crores valuation raised from India Angel Fund in August 2020. The company has…
Gamerji, an Ahmedabad-based eSports tournament company where users can play tournaments of their favorite games, host matches, communicate, share content & win prizes, has raised an undisclosed amount of funding from Lead Angels Network. The funding is a part of the ongoing seed funding round. Most recently, Unicorn Ventures invested an undisclosed sum in the…
Imperfect Foods, a US-based sustainable online grocery space, announced its Series D commitment will total $110M, a $15M increase from the previously-announced January commitment. New investors Hamilton Lane and Blisce took part in the ongoing funding round. With this investment, the company will accelerate its goal of becoming the global leader in sustainable online grocery…