Startup funding

In its pre-Series A funding round, enterprise IT firm Adya.ai secured INR 10.5 Cr ($1.2 Mn), with Indian Angel Network (IAN) leading the round. Other strategic financiers also participated in the financing.

The organic dairy firm Akshayakalpa Organic, led by A91 Partners, has secured Rs 100 crore (about $12 million) in its Series C fundraising round.

ConveGenius, an ed-tech firm specializing in artificial intelligence (AI), secured $7 million (Rs 58 crore) in a fundraising round led by Mount Judi Ventures and UBS Optimus Foundation, among other investors.

A Rs 250 crore SaaS accelerator fund has been established by alternative investment platform GetVantage to assist business-to-business enterprises in growing without diluting their equity.

The newest funding round for alternative investment platform Grip Invest, led by Stride Ventures, totaled $10 million in a combination of debt and equity.

In a seed round headed by venture capital company CDM Capital, fintech startup Mylapay secured Rs 4.6 crore ($550K). 77 Capital and Saison Capital, based in Singapore, also participated in the round.

In a recent investment round, the healthtech company Curebay secured Rs 61.8 crore (USD 7.5 million), with Elevar Equity serving as the lead investor.

Campus Fund which announced its second fund of Rs. 75 crore in July 2022 to fuel student-led start-ups, shared that its Fund II has been oversubscribed by 37%.

Larkai Healthcare secured an investment of 500k USD for the seed funding round from FAAD Network, QI Ventures, RTAF, and additional government grants.

We Founder Circle (WFC), an investment company managed announced that it has invested in 103 deals involving 82 businesses in 2023, thereby positioning itself as the biggest angel investor platform in the nation.