Insight

Veda VC, a venture capital company, successfully closed the first phase of its total fund of Rs 250 crore (about $30 million) at Rs 150 crore (roughly $18 million), with contributions from millionaire investors, business owners and operators, and family businesses.

Yulu, an Indian manufacturer of electric two-wheelers, has established a partnership with Zepto, an expanding online grocery delivery business.

Denver, a prestigious Men’s brand renowned for its captivating fragrances in India and abroad, is super thrilled to announce cricket legend and global youth icon Sourav Ganguly as the face of its upcoming TVC campaign. This endorsement represents a major advancement for Denver, as it aims to enhance its reach and awareness among its target audience.

The cricketer Hardik Pandya, along with other angel investors, invested $550K in the seed investment round for the Aretto, children's footwear firm. They included Vinayak Shrivastav, co-founder of Videoverse; Abhineet Singh, co-founder of multi-brand footwear company VegNonVeg; Shyam Raichura, MD of Aan Group; Raunak Munot, ex-CMO of Bombay Shaving Company; and Kunal Sumaya, MD of Julius Bear.

Shiprocket, a provider of eCommerce logistics and shipping software solutions, has partnered with Skye Air, a developer of technology-as-a-service (SaaS)-based drone delivery solutions, to transform the e-commerce industry and provide the ability to deliver packages using drones in India.

Bizpay, a mobile-first expense management software suite of corporate prepaid cards has secured an undisclosed sum in a Seed investment round that was headed by Inflection Point Ventures.

Specialises in providing the best eye disease treatment, Dr Agarwals Eye Hospital, received USD 80 million from its current backers, TPG Growth and Temasek.

Travel technology startup Teleport secured $500k in a pre-seed fundraising round. The money will be crucial in advancing Teleport's goal of ensuring effortless travel visas and revolutionising cross-border travel experiences.

Singapore-based Jungle Ventures teamed up with HealthXCapital, an investment platform providing smart, connected capital to healthcare startups.

Plus, India's First Jewellery Savings App, has received $350,000 in a Seed fundraising round headed by EvolveX. Founder Circle, Venture Catalyst, and JITO, as well as angel investors Vineet Saxena (Ex-founder Myntra, CEO Card91), Abhishek Gupta (Venture Partner, WFC), Sunil Singhvi (CEO South Handlooms), Vijay Rajagopal (Head, Amazon Pay), Abhay Tandon, Shiva Mohandas, and Sachin Shetty (Founder, Giva), participated in the investment round.