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.
The electric vehicle company EMotorad secured a Rs 164 crore in funding round, headed by Panthera Growth Partners, a growth-stage venture capital firm. Venture debt fund Alteria Capital, current investor Green Frontier Capital, and startup scaling firm xto10x also participated in the funding round.
Cannarma, India's Ultra Premium Cannabis-based-Products company, has raised undisclosed funding in a pre-seed round, led by Praveen Kaushik, the founder of Zero to One Fund. Amity Innovation Incubator additionally joined the startup in the latest funding.
The sovereign wealth fund of Qatar, Qatar Investment Authority (QIA), has invested $50 million strategic equity investment to Global Dental Services, the operator of the Clove Dental Chain of oral care clinics across the country.
Conscious Chemist, a beauty brand, has successfully raised an undisclosed sum of money from Inflection Point Ventures.Through the establishment of physical stores, increased brand visibility through marketing initiatives, and product range expansion, this investment will guide the company's growth.