Team VS

The India Inflection Opportunity Fund (IIOF), a pre-IPO fund established by Pantomath Financial Services Group, has closed after raising $60 million. Specifically focusing on pre-IPO stages in Indian growth-stage enterprises, IIOF aims to leverage investment opportunities.

Innovist, the parent company of consumer brands like Bare Anatomy and Chemist at Play, Raises $7 Mn in Funding From Amazon Smbhav and others.

HempStreet Secures $1 Mn in Pre-Series A Funding Round led by Carl Waahlin of Waahlin Holdings. The startup intends to use the additional funding to broaden its line of products, step up clinical trials for proprietary formulations, and investigate international markets.

PhiCommerce, India’s leading omnichannel payment solutions provider, has raised USD 10 million (Rs 83 Cr) as part of its Series A1, led by BEENEXT, a Singapore-based Venture capital firm. Opus Ventures also participated in this round of funding.

UC Inclusive Credit (UCIC), which intends to grow its startup financing business, received $8 million in equity from Singapore-based Insitor Partners.

Olympian Neeraj Chopra has made an Undisclosed investment in regional language OTT platform Stage. Stage is an online entertainment platform that supports regional languages in Rajasthan and Haryana.

GrowXCD Finance has secured Rs 50 crore in a series A funding round led by Lok Capital, of which the first tranche of Rs 30 crore has been closed. Throughout the following 12 to 18 months, GrowXCD Finance intends to use the funding to hire its first staff, create new technologies, and broaden its reach.

Woovly, a social commerce platform for Tier 2,3 millennials driven by a creator community, has recived undisclosed funding from Sony Innovation Fund, SOSV, RTAF, and ViNners.

The tech-driven management business for luxurious homes and apartments, Elivaas, has raised $2.5 million in a seed round led by Peak XV Partners' Surge. Peak XV's Surge led the round, with angels taking part.

Peak Ventures is an early-stage, sustainability-focused venture capital fund that is partnered with Sanjay Nayar, the former chairman and CEO of KKR India and current manager of the technology-focused venture capital fund Sorin Investments. Nayar would join the Mumbai-based firm as a general partner.