funding Alert

Nestroots, a lifestyle and home décor firm, secured Rs 3 crore in its pre-seed financing round.

A marquee accelerator programme for early-stage businesses in the banking, financial services, and insurance (BFSI) industry has been established by the fintech consultancy firm The Digital Fifth (TDF).

Shastra VC (formerly Veda VC) and a group of angel investors led a pre-seed funding round in which climate tech platform Alt Carbon raised $550K.

Networking platform for angel investments Over 250 investors have joined We Founder Circle's (WFC) GIFT City Fund, which secured $10 million (roughly INR 83 Cr).

Equanimity Ventures and Kotak Alternate Asset Managers led a pre-Series A funding round that brought $1.5 million to the healthtech firm Monitra Health.

Coworking space firm BHIVE has strengthened its support for the rapidly expanding coworking and fintech industries by acquiring product-engineering company Praemenio.

By contributing an additional Rs 42 crore to GoApptiv, the Indian pharmaceutical major Cipla has advanced its efforts in the field of digital health.

Bicara Therapeutics, a clinical-stage biotechnology firm, has announced the completion of an oversubscribed $165 million Series C fundraising. The company develops dual-action biologics to elicit a powerful and lasting immune response.

Impact investor Asha Ventures has secured Rs 400 crore, or roughly $48 million, in preparation for its debut fund, which will have a Rs 750 crore (or roughly $90 million) total capital.