Shell backed smart EV startup, TresMoto has raised an undisclosed amount in seed funding from Angel Investor and professional CEO Mr. Raaj Kumar, who has led companies like Asian Paints, GMR Energy, JSW Energy among others. “We have been working on our product offering and the software around it for about 4 years now. This round of…
A customer engagement solutions provider firm, [24]7.ai, has increased hiring amid the Covid-19 healthcare crisis. The firm has added 2,500 employees to its workforce mainly at its Hyderabad and Bengaluru facilities. With this, the total workforce stands at 6,000 in India, according to a company statement. “When the first lockdown was announced to help beat…
Payment processing firm Phi Commerce has raised $4 million in its latest financing round. The Series-A funding round saw participation from Beenext, a Singapore-based VC firm and fintech focused early-stage investment firm, Yatra Angel Network. Yatra Angel Network aims to foster entrepreneurship specifically in fintech domain i.e. payments, lending, insurance, wealth, inclusion and other fintech…
Gramophone, an Indore-based agriculture technology firm has secured Rs 25 crores ($3.4 million) in fresh financing round led by deep tech investor, Siana Capital. The latest round also saw participation from existing investors – Info Edge, Better Capital and Asha Impact. With this investment, the total funds raised by the startup stands at Rs 55…
A one-stop solution to battery swapping for electric two and three wheeler vehicle startup – VoltUp and Hindustan Petroleum Corporation Ltd (HPCL) have entered into a partnership to open battery swapping centres across India. “The partnership has unveiled 2 battery swapping stations in Jaipur. In their efforts to set up smart electric mobility stations across…
Hero Electric has tied up with eBikeGo, an electric two-wheeler rental startup and will supply more than 1,000 bikes as part of the deal. Hero Electric has delivered first batch of 120 to eBikeGo and will provide the remaining Hero Electric bikes through the next financial year. Pursuant to the tie-up, “Hero Electric will also provide…
Gurugram-based startup – Slurrp Farm, a health snack maker, has secured $2 million in its Series A financing round from Fireside Ventures. A statement made by the company said – “The company will deploy the funds raised for product innovation, marketing, and increasing inventory to cater to increasing demand.” It will also use the fresh funds…
Carl Pei, OnePlus co-founder, has raised $7 million in seed financing to start his new startup. The audio startup is set to be unveiled sometime early next year. The fresh round was led by iPod inventor Tony Fadell, YouTuber Casey Neistat, Kevin Lin – Twitch co-founder, and also saw participation from Reddit CEO Steve Huffman,…
Bangalore-based startup, DealShare has secured $21 million in Series C funding round. The round was led by WestBridge Capital, Falcon Edge Capital-managed Alpha Wave Incubation – a venture fund, Z3Partners, along with participation from existing investors Matrix Partners India and Omidyar Network India. “With this round of investment, we will augment our brand presence across…
Agrify Organic Solutions Private Limited has raised a Seed Stage round from AIC NMIMS Incubation Centre’s 25×7 Investor Network. Agrify Organics, an Agri-tech start-up which is making it possible for consumers in the city to get access to organic products from farms across Maharashtra, Karnataka and Madhya Pradesh. It is a portfolio startup of AIC…
Foodtech startup, based in Mumbai, Thrive has secured an undisclosed Pre-Series A investment from Whiteboard Capital and Ahimsa Capital. The firm plans to use the funds raised to augment its product offering and to add new restaurants to its platform. To make Thrive more accessible to restaurants that are small or independent, the startup will…
Indian industrialist and philanthropist Ratan Tata has invested in the healthcare firm- iKure, an undisclosed amount. The social enterprise that provides primary healthcare and prevention services plans to use the funds raised to expand its operations across India and globally. Speaking on the investment, Sujay Santra, Founder and CEO, said – “We are extremely pleased…
Nestlé USA has announced the acquisition of Freshly, a New York-based startup for $1.5B and additional earnouts of up to $550 million based on future growth of the startup. Nestlé USA Chairman and CEO Steve Presley, said in a statement – “Consumers are embracing ecommerce and eating at home like never before. It’s an evolution…
New York-based technology startup has secured $20 million in Series A funding round led by Coatue, 645 and Primary Ventures. Reshma Saujani, Girls Who Code founder, Founder of HelloFresh Bryan Ciambella, Robert Earl – Planet Hollywood Founder, Scott Belsky – Behance founder, others also participated in the funding round. The tech startup plans to use…
Arzooo, a Business-to-Business retail tech start-up, has secured $7.5 million in Series A funding led by venture capital firm – WRVI Capital. The Series A round also saw participation from Arzooo’s existing investors 3Lines Venture Capital and Jabber Internet Group, others. The retail tech company plans to utilise the raised funds to expand its operations…