Weekly Startups Funding News [Monday, 8 July 2024 to Saturday, 13 July 2024]
Weekly Funding Roundup – We compile a Weekly Startups Funding News Report summarizing all the startups that secured funding during the week. This report provides a consolidated list of these newly funded ventures day-wise, offering a concise overview of the latest developments in the startup funding landscape.
11 July 2024, Thursday – Funding News
Planet Marathi OTT Funding News – Marathi-language online video streaming service The US-based private equity firm A & MA Capital USA has invested $5 million in Planet Marathi OTT.
Simplismart Funding News – In a funding round headed by Accel, Bengaluru-based generative AI firm Simplismart has raised $7 million.
Jugyah Funding News – After emerging from stealth, online real estate broker Jugyah has raised $1.5 million in a fundraising round headed by Godrej Properties, QED Investors, and White Venture Capital.
Circuit House Technologies Funding News – Circuit House Technologies, a manufacturer of consumer electronics founded by Raghu Reddy, the former chief business officer of Xiaomi India, announced that it has raised $4.3 million in a fundraising round headed by Stellaris Venture Partners and 3one4 Capital.
10 July 2024, Wednesday – Funding News
Skild AI Funding News – Skild AI, an artificial intelligence robotics firm focused on developing a scalable foundational paradigm for robots, has recently completed a successful Series A fundraising round, raising $300 million.
River Funding News – Mitsui & Co., Ltd. and Marubeni Ventures have made investments in River, an electric car manufacturer based in Bengaluru, as part of its Series B funding round. The monetary value of the deal was not revealed.
TimBuckDo Funding News – TimBuckDo has secured seed funding of Rs 2,00,00,000 from two angel investors, Morton Meyerson and Nandkishore (Andy) Kalambi, who are based in the United States.
Felicity Games Funding News – Felicity Games, a company that creates and distributes casual games, has secured $700K in funding during its pre-seed round. The funding was provided by DeVC, Visceral Capital, and notable angel investors like Kunal Shah from CRED.
Immuneel Therapeutics Funding News – Immuneel Therapeutics, a biotech business specializing in cancer research, has secured Rs 100 crore or $12 million in additional funding for its Series A round from Taiba Middle East FZ LLC. This marks the company’s third round of funding since its establishment in 2018.
Biryan Funding News – The restaurant business House of Biryan secured $2 million in capital from high-net-worth individuals (HNIs) in the US, Angel Star Ventures, a US-based fund based in Pennsylvania, and Al Siraj Holdings, a single-family office from the Middle East.
9 July 2024, Tuesday – Funding News
Helium Funding News – Merak Ventures, a VC firm specializing in early-stage investments, announced that it has spearheaded a pre-seed funding round worth Rs 4.5 crore in Helium.
Ricron Panels Funding News – Gujarat-based plastic waste recycling company Ricron Panels has raised a Series A round led by Boon Sustainable Technologies.
QarmaTek Funding News – QarmaTek, a startup specializing in the renewal and refurbishing of electronics, has successfully raised $1 million (equivalent to Rs 8.3 crore) in a pre-Series A funding round. The round was co-led by Umang Nahata, Rakesh Raman, and Vishal Makwana.
Dezerv Funding News – Dezerv, a platform specializing in wealth technology, has successfully secured Rs 265 crore or $32 million in a Series B funding round. The funding was primarily spearheaded by Premji Invest.
Goat Brand Labs Funding News – Goat Brand Labs has secured $21 million in funding through a combination of loans and equity from several investors, including BlackRock, Mayfield, and NB Ventures. This comes at a time of ongoing challenges in the broader industry.
Centriti Funding News – Centriti, a business-to-business (B2B) electronic procurement platform for the hotel, restaurant, and catering (HoReCa) industry, has secured a capital of Rs 6 crore in a round led by Emergent India Ventures.
8 July 2024, Monday – Funding News
Welspun One’s Funding News – Welspun One, an integrated fund and development management platform, announced the successful closure of its second fund totaling ₹2,275 crores, inclusive of co-investment commitments.
Care.fi Funding News – Care.fi, a fintech startup with a focus on healthcare, has secured $2 million (equivalent to Rs 16 crore) in debt capital from Trifecta Capital. Additionally, it has received an extra $0.6 million (equivalent to Rs 5 crore) from UC Inclusive Credit.
iVP Semi Funding News – iVP Semi has successfully raised $5 million in pre-Series A fundraising. The funds will be used to establish a strong presence in India, expand operations, establish testing facilities, and launch marketing efforts.
6 July 2024, Saturday – Funding News
Awign Funding News – Japan-based Mynavi Corporation has invested Rs 203.5 crore or $24.5 million in Bengaluru-based HR tech startup Awign. As a result, Mynavi Corporation will now possess a 73% stake in the company.
5 July 2024, Friday – Funding News
Lobb Funding News – Lobb, a digital goods brokerage platform headquartered in Bengaluru, has secured $2.9 million in a financing round that was spearheaded by a number of distinguished investors, including Rajesh Voddiraju and Sharada Nandakumar, the CEO of Voya India.
Let’s Try Funding News – Let’s Try, a direct-to-consumer (D2C) snacks brand, has received an undisclosed sum of funding in a round sponsored by Wipro Consumer Care Ventures, the venture capital arm of Wipro Consumer Care & Lighting.
AstraZeneca Funding News – AstraZeneca India Private Limited disclosed a $30 million (Rs 250 crore) investment to enhance its Global Innovation and Technology Centre (GITC) in Tamil Nadu.
Arya.ag Funding News – Agritech startup Arya.ag has secured an estimated Rs 242.36 crore ($29.2 million) in funding from its current investors. It is the organization’s initial investment round since January 2022, which is situated in Noida.
4 July 2024, Thursday – Funding News
Oyo Funding News – InCred Wealth and Investment has provided Oyo with Rs 416.85 crore (approximately $50 million). The Gurugram-based hospitality unicorn has received funding after a nearly three-year hiatus.
Fabrito Funding News – Fabrito, a B2B fabric marketplace and procurement platform, has received funding from Green Trunk Ventures and Maninder Gulati, an angel investor at OYO, among other sources.
3 July 2024, Wednesday – Funding News
Matter Funding News – New York-based Matter Motor, a company that makes electric vehicles and stores energy, said it had raised $35 million in a Series B round led by US-based venture capital firm Helena.
EleFant Funding News – A mobile app called EleFant has raised Rs 6 crore, which is about $750K. Venture Catalysts and Malpani Ventures led the round, which also included a number of well-known investors and family offices.
Emcure Pharma Funding News – Emcure Pharmaceuticals on Tuesday said it had garnered Rs 583 crore from anchor investors a day before its initial share-sale offer opening for public subscription.
Sentient Funding News – A blockchain-based AI company called Sentient has raised $85 million in a seed round led by Panera Capital, Framework Ventures, and Peter Thiel’s Founders Fund.
Hoop Funding News – Olympian PV Sindhu has put money into The Hoop D2C wellness brand, which is his second investment in the Indian startup environment.
Amocare Funding News – A wellness brand called Amocare has raised $400,000 in a pre-seed round led by FAAD Network and AngelBay Holdings.
2 July 2024, Tuesday – Funding News
Bike Bazaar Funding News – A website called Bike Bazaar which helps people finance and buy two-wheelers has borrowed Rs 25 crore, which is about $3 million, from MAS Financial. This is based in Pune company’s first debt round in 2024.
Xcelerate Funding News – Orion Capital Asia and Xcelerate have agreed to lend Xcelerate up to USD 52 million in debt. Xcelerate is an integrated ESGRC operating and investment platform.
Watch Your Health Funding News – A health tech company called Watch Your Health has raised $5 million in a seed round led by Cornerstone Ventures and Conquest Global, a company based in Singapore.
Fabriclore Funding News – Fabriclore, a leading tech-enabled fabric-sourcing platform for fashion businesses, announced today that it has raised $1.6 million in funding led by PeerCapital.
1 July 2024, Monday – Funding News
Purplle Funding News – The Abu Dhabi Investment Authority (ADIA) subsidiary has led a funding round for beauty e-commerce marketplace Purplle, which has raised INR 1,000 Cr (approximately $120 Mn).
Comet Funding News – Underled by Elevation Capital, D2C shoe brand Comet has received Rs 42.3 crore (about $5 million) in its Series A round. For the Bengaluru-based startup in 2024, this is the first round of investments.
Wify Funding News – Home Furnishing Installation Startup Wify has attracted Rs 25 crore ($3 million).Under pre-Series A co-led by Mount Judi Ventures and current investor Capria Ventures.
Cautio Funding News – Cautio, a firm specializing in video telematics, has successfully secured Rs 6.5 crore ($780k) in its pre-seed funding round. The deal was headed by prominent investors Antler, 8i, and AU Bank.
Pepul Funding News – Pepul Tech Pvt Ltd, a business in the social media industry, has successfully raised $4 million in funding during its pre-series A round.
29 June 2024, Saturday – Funding News
Rare Rabbit Funding News – Rare Rabbit has received the initial installment of its INR 500 Crore investment. The company secured funding of INR 150 Crore from A91 Partners, Gruhas (Nikhil Kamath’s investment firm), Ravi Modi’s family trust, and other investors.
28 June 2024, Friday – Funding News
KarmaCheck Funding News – KarmaCheck, a business specializing in background checks, has successfully raised $45 million in a funding round. The funding was led by Parameter Ventures and the company is headed by Eric Ly, one of the co-founder of LinkedIn.
upGrad Funding News – Edtech startup upGrad has secured Rs 287.5 crore (about $35 million) in funding from EvolutionX. This marks the initial debt financing for the Mumbai-based company in the current year.
27 June 2024, Thursday – Funding News
Autocracy Machinery Funding News – Autocracy Machinery, a startup specializing in machine manufacture, has successfully secured Rs 5 crore in a seed funding round. The funding was led by Venture Catalysts, with additional participation from Nikhil Jaisinghani, Bharat Jaisinghani, and SFour Capital.
Celebal Technologies Funding News – Celebal Technologies, an IT services provider supported by Norwest Venture Partners, has secured an undisclosed amount of debt from BlackSoil, an alternative lending platform.
Smartworks Funding News – Smartworks, a provider of co-working space solutions, has secured Rs 168 crore ($20.24 million) in funding from a consortium of investors, which includes Keppel, Ananta Capital Ventures Fund I, Plutus Capital, family trusts, and high-net-worth individuals (HNIs).
Machaxi Funding News – Machaxi, a sports business that utilizes technology, has secured Rs 4.8 crore ($580,000) in a pre-Series A funding round. The funding was primarily provided by Inflection Point Ventures.
Creatio Funding News – Creatio, a low-code software platform for customer relationship management, has successfully raised $200 million in a recent fundraising round, resulting in a valuation of $1.2 billion. This places Creatio in direct competition with the industry leader, Salesforce.
26 June 2024, Wednesday – Funding News
Bright Machines Funding News – Bright Machines, a startup specializing in software and robotics, announced on Tuesday that it has secured $106 million in funding through a Series C round. Notably, investors in this round include Nvidia and Microsoft.
O hi Funding News – The pre-Series A round of funding for the social networking app O hi has secured Rs 8 crore (about $1 million). The funding was primarily led by current investors JIIF, with additional involvement from prominent angel investors.
Novavente Funding News – Novavente, a consulting firm, has successfully secured $3 million in funding through an investment round spearheaded by Highbrow Securities.
Rupeek Funding News – A platform for obtaining gold loans through the Internet Rupeek has successfully raised Rs 125 crore (roughly $15 million) in primary fundraising from Elevation Capital.
Morphing Machines Funding News – Morphing Machines, a startup in the fabless semiconductor industry, has successfully raised $2.76 million (about INR 23 crore) in a seed fundraising round. The transaction was led by Speciale Invest.
Matter Funding News – The electric transportation startup, Matter, has successfully secured Rs 82.6 crore in its latest funding round. This marks the initial stage of securing investment in the Ahmedabad-based electric bicycle business.
Zepto Funding News – Zepto, a fast-growing e-commerce company based in Mumbai, is now in discussions to secure an additional $400 million in funding.
Nitro Commerce Funding News – Nitro Commerce, a platform that offers revenue-as-a-service to e-commerce and D2C firms, has successfully raised Rs 15 crore ($1.8 million) in a seed fundraising round headed by Cornerstone Ventures.
EvolutionaryScale Funding News – EvolutionaryScale, a firm specializing in artificial intelligence applied to biology, announced on Tuesday that it successfully secured $142 million in early funding. The funding round was led by Nat Friedman, Daniel Gross, and Lux Capital.
Cleantech Solar Funding News – Cleantech Solar, a prominent provider of sustainable energy solutions to businesses in India and Southeast Asia, is delighted to announce the successful completion of a substantial long-term senior secured loan of INR 855 crores from Aseem Infrastructure Finance Limited.
Two Brothers Organic Farms Funding News – Two Brothers Organic Farm, a direct-to-consumer (D2C) brand specializing in organic groceries, has successfully concluded its Series A investment round, securing a total of Rs 58.25 crore.
25 June 2024, Tuesday – Funding News
Datachamps Funding News – Datachamps, an artificial intelligence firm based in Nashik, has secured $500,000 in seed funding from Windrose Capital and other investors.
Rocketlane Funding News – Rocketlane, a software-as-a-service (SaaS) firm, has secured $24 million in its Series B fundraising round, which was jointly led by 8VC, Matrix Partners India, and Nexus Venture Partners.
Sid’s Farm Funding News – Sid’s Farm, a direct-to-consumer dairy brand, has secured $10 million in Series A funding, with co-leadership from Omnivore and Narotam Sekhsaria Family Office (NSFO).
Plus Gold Funding News – Application for investing in gold In addition Plus Gold has secured $1.2 million in a seed funding round, with JITO leading the investment.
Doceree Funding News – Doceree, a healthcare startup, has secured Rs 113.5 crore (approximately $13.6 million) in funding from Creaegis, an Indian private equity firm.
LXME Funding News – LXME, an investment and financial platform for women, has secured $1.2 million in pilot funding from Kalaari Capital through its CXXO initiative. This initiative invests in ventures led by female entrepreneurs.
ZYOD Funding News – ZYOD, a tech-enabled fashion manufacturing platform offering seamless solutions from design to delivery, has secured USD 18 Million in its Series A round of funding.
Cloudphysician Funding News – Cloudphysician Healthcare, a healthtech startup, has secured $10.5 million in a Series A round led by Peak XV Partners.
24 June 2024, Monday – Funding News
CheQ Funding News – CheQ, a credit card bill payment management platform, has secured Rs 18.5 crore (approximately $2.2 million) in additional proceeds in its extended seed round. This is the second tranche of the round for the Bengaluru-based company.
QpiAI Funding News – QpiAI, a pioneer in generative AI and quantum computing, has secured its initial external funding of $6.5 million to develop generative AI and quantum computing products and platforms.
VOC Automotive Funding News – Corporate Warranty India has provided VOC Automotive with INR 1.5 crore in funding, for a startup in the two-wheeler service industry. India Pvt Ltd (CWI).
Bluestone Funding News – A debt of Rs 100 crore or $12 million has been raised by omnichannel retailer Bluestone from Neo Markets.
21 June 2024, Friday – Funding News
Nirwana.AI Funding News – Nirwana.AI has secured an undisclosed sum in a seed funding round, with a valuation exceeding Rs 100 crore. AI is an AI design tool. Funding was primarily provided by the Canadian company and HNI Family Offices.
Jupiter Funding News – Jupiter, a neobanking platform, has secured strategic funding from its current investor to support its non-banking financial (NBFC) operations. This is the inaugural equity round for Amica Finance, a distinct entity.
EKA Funding News – EKA (Pinnacle Mobility Solutions), an electric vehicle (EV) manufacturer from Pune, has received a second tranche of investment from the Japanese trading corporation Mitsui & Co Ltd.
Zepto Funding News – Zepto, a company that specializes in quick commerce, has secured $665 million in its Series F round from a variety of new investors, including Avenir, Lightspeed, and Avra (Anu Hariharan’s new fund).
MeetRecord Funding News – MeetRecord, a revenue automation startup, has secured $2.7 million in a pre-series. SWC Global, a Singapore-based venture capital fund, led a funding round that included existing investor All In Capital.
Eume Funding News – Eume, a premium luggage manufacturer, has secured Rs 15 crore in a funding round that was led by investor Ashish Kacholia.
20 June 2024, Thursday – Funding News
Quidich Innovation Labs Funding News – Quidich Innovation Labs, a sports broadcasting technology startup, has announced the completion of an undisclosed funding round, which was spearheaded by Centre Court Capital.
OrbitShift Funding News – OrbitShift, a sales intelligence startup that is powered by artificial intelligence, has secured $7 million in a seed-funding round sponsored by Stellaris Venture Partners and Peak XV Partners’ Surge scale-up program.
Asaya Funding News – Asaya, a premium skincare brand, has secured Rs 12 crore ($ 1.5 million) in a seed funding round anchored by OTP Ventures and Huddle Ventures, with additional investments from Eternal Capital.
HealthPresso Funding News – Health-Tech startup HealthPresso is preparing to raise $1 million in a pre-series A funding round, instrumental in the platform’s initial growth phase.
Metis Funding News – Metis Intellisystems Pvt Ltd, which stands for Intelligent Decisioning using AI & ML for BFSI, has raised 1.3 Crores in a round led by Inflection Point Ventures.
Distil Funding News – Distil, an R&D-led specialty chemicals platform, announced it has secured $3.1 million in a Seed funding round today. This round was led by Jungle Ventures and India Quotient.
Unikon.ai Funding News – In its initial funding round, Unikon.ai has raised INR 16 Cr (approximately $2 Mn) from a variety of entrepreneurs and influencers.
Balwaan Krishi Funding News – JM Financial Private Equity, the private equity subsidiary of JM Financial Ltd., has provided INR 40 Cr (approximately $4.8 Mn) in funding to Jaipur-based agritech startup Balwaan Krishi as part of its Series A funding operation.
AVIOM Housing Finance Funding News – From the InsuResilience Investment Fund, Delhi NCR-brd AVIOM Housing Finance has secured $5 Mn in debt funding.
19 June 2024, Wednesday – Funding News
Ummeed Housing Finance Funding News – In its Series F round, Ummeed Housing Finance disclosed that it had secured an equity financing of approximately Rs 630 crore with the support of Mirae Asset Venture Investments (India) and A91 Partners LLP.
TMRW Funding News – The men’s wear brand Wrogn, which is funded by Accel and cricketer Virat Kohli, has received an investment of Rs 125 crore from TMRW House of Brands, an e-commerce rollup venture owned by Aditya Birla Group Venture.
POP Funding News – India Quotient and a few prominent angel investors have led a seed funding round for fintech startup POP, which has raised $2.4 million.
Wahter Funding News – The packaged potable water brand “Wahter” has secured pre-seed funding in the amount of Rs 5 crore, with a valuation of 52 crore.
Go Zero Funding News – Go Zero, an ice cream brand has secured $1.5 million in its follow-on pre-Series A funding round. The round was led by DSG Consumer Partners, Saama, and V3 Ventures, among others.
Supermoney Funding News – In its Series A round, Supermoney, a digital lending platform that specializes in small and medium-sized enterprises (SMEs), has secured $3.4 million (Rs 28.6 crore) from Capital 2B and Capria Ventures.
Genspark Funding News – Genspark, an artificial intelligence search startup established by former Baidu executives, has secured $60 million in an oversized initial funding round.
The Pant Project Funding News – The Pant Project, a direct-to-consumer (D2C) fashion brand that specializes in custom-made and ready-to-wear trousers for all occasions, has secured $4.25 million in a series-A round.
Aye Finance Funding News – Dutch entrepreneurial development bank FMO has provided Rs 250 crore (approximately $30 million) in debt financing to MSME lender Aye Finance.
Dvara KGFS Funding News – Dvara Kshetriya Gramin Financials (Dvara KGFS), a financial services company that specializes in rural areas, has secured $7 million in debt through external commercial borrowings from Enabling Qapital.
18 June 2024, Tuesday – Funding News
Shivalik Small Finance Bank Funding News – The global venture capital firm Lightspeed and the Sanjay Nayar-founded Sorin Investments have jointly raised Rs 100 crore in equity for the Noida-based Shivalik Small Finance Bank.
Maxim AI Funding News – In a funding round sponsored by Elevation Capital, Maxim AI, which assists developers in the evaluation and monitoring of their artificial intelligence applications, has secured $3 million.
UGRO Capital Funding News – UGRO Capital Limited, an NBFC that concentrates on micro, small, and medium-sized enterprises (MSME), raised Rs 1,265 crore.
Bira 91 Funding News – Bira 91, a craft beer manufacturer, has secured $25 million in funding from its current investor, Kirin Holdings, through ECB (External Commercial Borrowing).
Alyve Health Funding News – Alyve Health, a healthtech platform, has secured $5.5 million in its Series A round, which was led by Axilor Ventures.
Y Combinator Startup Landeed Funding News – Search engine platform for property titles Paradigm Shift VC has led a strategic financing round in which Landeed has raised an undisclosed sum.
Ayna Funding News – The early-stage investment platform Inflexor Ventures has led the $1.5 million inaugural funding of Ayna, a generative AI startup based in Bengaluru.
GreyLabs AI Funding News – In a funding round supported by Matrix Partners India, an early-stage venture capital firm, GreyLabs AI has raised $1.5 million for its speech analytics platform for financial institutions.
17 June 2024, Monday – Funding News
VentureSoul Partner Funding News – Corporates and CXOs have pledged to invest in VentureSoul Partners’ inaugural Rs 600-crore fund, which it launched.
Prosperr.io Funding News – Prosperr.io, an artificial intelligence-powered firm providing income tax solutions, has announced the completion of its $1.55 million pre-seed funding round, which was led by Silicon Valley-based angel investor Gokul Rajaram.
15 June 2024, Saturday – Funding News
Samunnati Funding News – Financier of the agric value chain Samunnati raised ₹133 crore ($16 million) from Blue Earth Capital in the first quarter of FY25, its largest-ever debt tranche.
14 June 2024, Friday – Funding News
rampp.ai Funding News – The Bengaluru-based AI startup rampp.ai, which uses its GenAI platform to assist businesses, secured $5000K from a group of experienced investors and executives from India and North America.
13 June 2024, Thursday – Funding News
Indkal Funding News – With the help of the Mauritius-based Aries Opportunities Fund, consumer electronics firm Indkal Technologies secured $36 million, or roughly Rs 300 crore.
Pavestone VC Funding News – The first fund of Hyderabad-based Pavestone Venture Capital received INR 15 Cr, or approximately $1.8 million, from Colruyt Group India, the engineering division of Belgian grocery and food retailer Colruyt Group.
Ethereal Funding News – In a Series A round headed by Peak XV Partners and Steadview Capital, advanced manufacturing firm Ethereal Machines has raised $13 million.
Trampoline Funding News – Cross-border B2B home décor brand Trampoline has closed its $5 million seed round. The brand is led by design. WaterBridge Ventures and Matrix Partners India lead the investment.
360 One Funding News – The wealth management site ET Money, owned by Times Internet, has been acquired by the wealth and alternates firm 360 One (previously IIFL Wealth) for around Rs 365.8 crore ($44 million).
Neobank Jupiter Funding News – The Reserve Bank of India (RBI) has given the neobanking startup Jupiter final approval to begin issuing prepaid payment instruments (PPIs).
Smartworks Funding News – Ananta Capital-led group of investors has contributed almost Rs 100 crore to managed workspace provider Smartworks.
Indigrid Technology Funding News – Cactus Partners, an early growth-stage venture capital fund, has contributed $5 million to the startup Indigrid Technology, which makes electric car components. For the startup, this is the first institutional funding round.
12 June 2024, Wednesday – Funding News
Palette Brands Funding News – Next-generation consumer goods company Palette Brands (formerly White.Inc.) has secured over $2 million in its pre-series A financing headed by Rockstud Capital. Renowned investors like Dholakia Ventures and IPV also took part in the round.
Recur Club Funding News – Recur Club has unveiled Recur Scale, its most recent credit offering, for Series A, B, and beyond, a Marketplace for debt for entrepreneurs With an aim to finance startups and SMEs with revenues of at least Rs 40 crore.
Qiro Funding News – Decentralized finance (DeFi) startup Qiro Finance, headed by Alliance, has raised $1.2 million in its pre-seed round for the new business.
Finsall Funding News – Leading BNPL startup Finsall in the insurance space, Unicorn India Ventures and Seafund sponsored a bridge deal that garnered Rs 15 crore ($1.8 million).
CredAble Funding News – CredAble, a fintech firm, has secured debt capital from SIDBI totaling Rs 30 crore ($3.6 million).
Purplle Funding News – Purplle, an online beauty marketplace, raised $100 million (INR 835 crore) in finance from main and secondary investments, with the lead investment coming from Abu Dhabi’s sovereign fund ADIA.
Foxtale Funding News – Direct-to-consumer (D2C) skincare company Foxtale announced today that it has raised $18 million (about Rs 150 crore) in a Series B fundraising round headed by Panthera Growth Partners, a Singaporean company.
11 June 2024, Tuesday – Funding News
C3 Med-Tech Funding News – Healthtech company C3 MED-TECH PVT has raised Rs 2 crore from Industrial Metal Powders in order to introduce innovative telemedicine and AI-driven portable gadgets intended for the identification of eye illnesses.
Battery Smart Funding News – Battery Smart, a business focused on battery technology, has raised $65 million in a Series B financing headed by LeapFrog Investments. Both new and old investors, such as Panasonic and MUFG Bank, participated in the equity round.
Clapingo Funding News – The on-demand English coaching platform Clapingo has secured an unknown sum from prominent investors, such as writer and comedian Biswa Kalyan Rath, Shopclues and Droom founder Sandeep Aggarwal, and Appurv Gupta.
JCB Salons Funding News – Blacksoil, an alternative lending platform, has contributed Rs 40 crore ($4.8 million) to salon chain JCB (Jean Claude Biguine) Salons India.
Clean Motion Funding News – Micro venture capital (VC) firm Finvolve, sponsored by India Accelerator, has contributed $1 million to the seed fundraising round for the Indian division of Swedish electric vehicle (EV) manufacturer Clean Motion.
Candi Solar Funding News – On Monday, the renewable energy company Candi Solar announced that it had raised $38 million, or roughly Rs 317 crore, in a new investment round. This venture is headed by Norfund.
8 June 2024, Saturday – Funding News
Ixigo – As part of its first public offering, parent firm Le Travenues Technology Limited, which operates the travel booking platform Ixigo, has made shares valued at Rs 333 crore ($40 million) available to anchor investors.
7 June 2024, Friday – Funding News
Hero MotoCorp – Hero MotoCorp has given the go-ahead to spend roughly Rs 124 crore (about $15 million) to acquire an extra 2.2% share in Ather Energy, a manufacturer of electric scooters. Hero MotoCorp has made three investments.
6 June 2024, Thursday – Funding News
Botsync – Robotics firm Botsync has raised $5.2 million in its Series A round-headed by Capital 2B and Betatron Venture Group.
Clodura.AI – Clodura.AI, a pioneer in AI-driven sales prospecting solutions, has raised $2 million in its pre-Series A fundraising round, which was spearheaded by the Bharat Innovation Fund and Malpani Ventures.
Docplix – Health-tech company Docplix has raised INR 1.2 Crore in Bridge Round led by Inflection Point Ventures. The funds raised will be utilized for product development, AI integration, and market expansion.
Maino.AI – India Quotient Advisers LLP led the fundraising effort for digital marketing technology startup Maino.ai, which has raised Rs 15 crore, or roughly $1.8 million.
CHOSEN – In its seed round, friends and relatives contributed $1.2 million to the skincare business CHOSEN. As part of the SPARK program for women entrepreneurs, Peak XV Partners awarded a $100,000 equity-free grant prior to this funding.
5 June 2024, Wednesday – Funding News
Cisco – Cisco is launching a $1B global investment fund to expand and develop secure, reliable and trustworthy AI solutions.
Scimplify – Scimplify, a platform for all specialised chemical sourcing and manufacturing, raised $5 million in a new round.
Fibe – The Rise Fund of TPG and Kabira Holdings led the Rs 547 crore (or $66 million) Series E round that the digital lending platform Fibe (previously EarlySalary) raised.
iPiD – A pre-Series A investment round led by Monk’s Hill Ventures and including Quona Capital, QED Investors, and current partners has brought in $5.3 million for iPiD, a fintech business that specialises in payee verification and identity solutions.
Testsigma – The AI-driven low-code test automation platform Testsigma has raised $8.2 million in funding, with MassMutual Ventures leading the investment together with previous backers BoldCap, Accel, and STRIVE.
4 June 2024, Tuesday – Funding News
LogicLadder – LogicLadder, a provider of sustainability and climate management strategies, secured $2.5 million in a funding round headed by Singapore-based Big Capital and Rainmatter, a venture fund supported by Zerodha.
Lendingkart – Digital lending platform Lendingkart, which caters to small and medium-sized businesses, has obtained debt of Rs 100 crore ($12 million) and equity of Rs 8 crore (almost $1 million) from Stride Ventures.
Shriram Finance – Shriram Finance Limited (SFL) has raised $468 million, or roughly Rs 3.880 crore multi-currency social loan to fund corporate expansion.
3 June 2024, Monday – Funding News
SEDEMAC – Auto components and powertrain controls manufacturer Sedemac Mechatronics has secured $100 million in funding at a valuation of $230 million, led by Xponentia Capital Partners, A91 Partners, and 360 ONE Asset.
Kidbea – Kidbea, a children’s apparel firm has announced an undisclosed investment from prominent investors Ritesh Malik and Dr. Shriram Nene.
Better Nutrition – PV Sindhu, an Indian badminton player, has made an undisclosed investment in Better Nutrition, a Greenday biofortified staples brand that provides agri-input services.
AstroTalk – AstroTalk, an online astrology portal, has secured an additional Rs 78.3 crore, or $9.5 million, from Left Lane Capital and Elev8 Capital, its current investors, as part of a Series A investment.
Lenskart – Through a secondary share sale, US financial services giant Fidelity and sovereign fund Temasek have jointly invested $200 million in Lenskart.
Aegeus Technologies – Innovative supplier of IoT-powered green robotics solutions, Aegeus Technologies, has raised an unknown sum of venture financing from Caspian Debt.
Weekly Startups Funding News [Monday, 27 May 2024 to Saturday, 1 June 2024]
1 June 2024, Saturday – Funding News
Country Delight – The dairy company Country Delight has raised $9 million (Rs 76 crore) from Alteria Capital in a debt and equity round. This is the Gurugram-based business’s second round of capital for the year.
SMC Global – StoxKart is an app for trading stocks and options. SMC Global announced on Friday that it had invested Rs 100 crore.
Orbicular – Orbicular Pharmaceutical Technologies Private Limited has received an undisclosed equity stake of about $20 million from the healthcare-focused private equity fund Tata Capital Healthcare Fund.
100X.VC – As part of its eleventh cohort, 100X.VC has invested $2.7 million in 17 firms. Mehta Ventures, Sanjay Mehta’s family office investment division, is the fund’s sponsor.
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