SiMa.ai, the machine learning company enabling effortless deployment and scaling at the embedded edge, announced it has extended its Series B1 round to $67 million with new participation from MSD Partners, L.P. The round also includes participation from existing partners: Fidelity Management & Research Company, Amplify Partners, Dell Technologies Capital, Wing Venture Capital, Alter Venture Partners,…
Electric vehicle financing digital platform Revfin on Thursday said it has raised USD 10 million (over Rs 80 crore) in a Series A round of funding, according to PTI report. The funding round was led by Green Frontier Capital (GFC), a VC fund focusing specifically on climate investments; LC Nueva Investment Partners, a partnership between…
Tring, India’s largest celebrity engagement platform, has grown 30x in revenues with over 100x growth in user traffic since its last capital raise. Launched in 2020, Tring has quickly become the category leader in the space of digital interactions, with over 12,000 celebrities connecting with their fans through personalised celebrity video messages (shoutouts), direct message…
ChainSafe Systems, one of the world’s top blockchain infrastructure firms, announced that it has secured US$18.75 million in an oversubscribed Series A funding round. The investment was led by Round13 with participation from new investors NGC Ventures, HashKey Capital, Sfermion, Jsquare, and returning investors Digital Finance Group, and Fenbushi Capital. Concurrent with the funding round, Khaled Verjee, Managing Partner of Round13’s Digital Asset Fund,…
Investmint, a signal-based do-it-yourself trading and investing platform for retail investors, announced that it has raised $2 Million in seed funding led by Nexus Venture Partners, with participation from other prominent angel investors. The new funding will be used to expand its product, engineering, and quantitative research teams to create a world-class retail investing product,…
Isthara, India’s premium co-living brand and Smart Food Court pioneer, has raised fresh funding of $10 million led by Dubai-based Eagle Investments. The current funding round brings Isthara’s total fund-raise to about $21 million. Isthara aims to scale the food court business by 10X to 500 food courts across 30 cities in the next 3 years, catering to a million people…
Vecmocon, a startup that manufactures electric vehicle components, has raised $5.2 million in funding from Tiger Global, Blume Ventures and other angel investors, according to ETtech report. The company aims to utilise the fundraising to invest in team building, business expansion, scaling up of operations and product innovation. Interestingly, this is the fourth EV startup…
Legal tech startup Oddr has raised $2 million in funding led by Saama Capital and Twin Ventures, along with participation from angels in the US, Singapore, and Germany, according to ETtech report. Headquartered in Silicon Valley and India, Oddr is aiming to launch its services in North America, the UK, and Australia, with an R&D…
Beauty startup Vanity Wagon said it has raised around $2 million in pre-Series funding at a valuation of $8 million, according to ETtech report. Co-led by Agility Ventures Partners and Lotus Herbals Private Limited, the round saw participation from Inflection Point Ventures, Venture Catalysts, and other high-net-worth individuals (HNIs). The startup will utilise the funds…
NetSPI, a leader in enterprise penetration testing and attack surface management, announced that global investment firm KKR is increasing its investment in the company with $410 million in new funding. The growth investment validates NetSPI’s significant outperformance since KKR’s initial investment in May 2021 and will support NetSPI’s continued technology innovation, talent acquisition, and global expansion, as well as recapitalizing NetSPI’s first institutional…
EV startup Euler Motors announced it has raised $60 million in funding led by Singapore’s sovereign wealth fund GIC. Moglix, Blume Ventures, Athera Venture Partners (formerly Inventus India), QRG Holdings, and ADB Ventures also participated in the funding round. Euler builds three-wheeler commercial vehicles for its partner companies to use for their logistics requirements. The…
Wasabi Technologies, the hot cloud storage company, announced it has achieved unicorn status following $250 million in new funding. Wasabi raised $125 million in Series D equity led by L2 Point Management with participation from Cedar Pine; an affiliate of Cerberus Capital Management; and returning investors including Fidelity Management & Research Company and Forestay Capital, bringing the company’s…
Digital banking infrastructure provider Signzy said it has raised Rs 210 crore (about $26 million) from Gaja Capital and its existing investors, Vertex Ventures and Arkam Ventures, according to IANS report. The Bengaluru-based fintech company would use fresh funds to boost its product portfolio towards a greater adoption of its platform by the global banking and financial services…
Radian Mobility, a health tech company based out of Mumbai, focusing on enhancing mobility awareness through adherence in the physiotherapy and preventative fitness sector has raised USD 300,000 in its maiden raise from a large US family office. Radian was set up by CEO Jamshid Pandole, a twenty-two-year financial veteran and avid athlete, and CTO…
Audio streaming startup Kuku FM announced it has raised $21.8 million in funding led by Nandan Nilekani’s venture fund Fundamentum Partnership, according to ETtech report. Kuku FM is Fundamentum’s first investment from the recently launched $227-million second fund. ET had reported last month that the new fund was primarily sourced from local entrepreneurs and their…