Home Insight News & Update Weekly Startups Funding News Report For 17 June – 22 June 2024...

Weekly Startups Funding News Report For 17 June – 22 June 2024 (Latest Updated)

Weekly Startups Funding Report For Monday, 29 April 2024 to Saturday, 4 May 2024
Weekly Startups Funding Report For Monday, 29 April 2024 to Saturday, 4 May 2024
Weekly Startups Funding News Report For Monday, 17 June 2024 to Saturday, 22 June 2024
Weekly Startups Funding Report

Weekly Startups Funding News [Monday, 17 June 2024 to Saturday, 22 June 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.

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 ecommerce 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 specialises 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 specialises 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 specialises 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.

31 May 2024, Friday – Funding News

ACT Fibernet – On Friday, ACT Fibernet revealed a strategic investment in Aprecomm, a network intelligence solutions startup.

Fyllo – Fyllo, an agritech business, has raised $4 million in a new fundraising round headed by SIDBI Ventures and India Quotient. In the round were current investors Triveni Trusts, IAN, and KIAORA.

Logistiex – Modern e-commerce company Logistiex has raised $250,000 in a bridge round led by PACE Family Office, with participation from prominent angel investors such as Siddhant Khemka.

RPSG Capital Venture – RPSG Capital Ventures, an early-stage consumer venture capital fund, has announced the closing of its most recent Fund II, which was valued at Rs 550 crore.

Technosport – Techno Sportswear, based in Bengaluru, has raised $25 million (about Rs 208 crore) from A91 Partners, an investment fund.

ServiceNow – ServiceNow, the AI platform for business transformation, made a strategic investment in inMorphis.

30 May 2024, Thursday – Funding News

Vegapay – Fintech company Vegapay, which focuses on business-to-business (B2B) transactions, has raised $5.5 million in an equity investment round headed by Elevation Capital and including participation from current investor Eximius Ventures.

Avendus – Avendus, a domestic financial services company, has opened the $350 million (INR 3,000 Cr) Future Leaders Fund (FLF) III, a late-stage fund.

Rebel Food – Rebel Foods, a cloud kitchen company, has raised $13 million in debt funding from Alteria and InnoVen Capital.

Libas – D2C ethnic apparel manufacturer Libas has raised INR 150 Cr in a strategic fundraising round led by ICICI Ventures, the alternative investment division of ICICI Bank.

Sterlite Power – Sterlite Power, a leading power transmission company, has successfully achieved financial closure for its Neemrana II Kotputli Transmission Limited project. 

Wealthy – Wealth management platform Wealthy has raised Rs 45 crore ($5.4 million) from Falcon Edge’s Alpha Wave Incubation Fund.

Sorin – Sorin Investments, an early-stage venture capital firm, has announced the final closing of its debut fund at INR 1,350 crore.

TechEagle – The on-demand drone delivery company TechEagle has declared the closing of its bridge round of investment. Inflection Point Ventures and Navam Capital co-led the investment.

29 May 2024, Wednesday – Funding News

Euler Motors – Euler Motors, a maker of commercial electric vehicles, has raised an additional Rs 200 crore ($24 million) in a Series C financing led by new investor Piramal Alternatives India Access Fund.

FarMart – With the help of Swiss asset management ResponsAbility Investments, SaaS-based food supply platform FarMart has raised Rs 24 crore ($2.8) million in a new funding round.

Inspeq – Inspeq AI, a supplier of responsible AI development platforms, raised $1.1 million (9.13 cr) in its pre-Series-A investment, which was led by Sure Valley Ventures and included Delta Partners.

DiFACTO – DiFACTO Robotics and Automation Private Limited, a leading robot automation solutions provider, has secured ₹40 Cr from Stakeboat Capital in its Series A round.

Holani – Venture Capital Fund, a ₹ 300 crores SME focused fund launched on Apr 27th, 2024, at Jaipur and promoted by a renowned name in the investing realm – The Holani Group –  has received ₹ 184 crores till May 27th, 2024, one month of its launch.

28 May 2024, Tuesday – Funding News

Infra.Market – Infra.Market has raised $50 million from the MARS Unicorn Fund, a joint venture between MUFG and Liquidity Group.

AbleCredit – With the help of Merak Ventures, AI credit underwriting startup AbleCredit has raised $1.25 million (10 cr) in its seed round.

EcoRating – Cleantech firm EcoRatings raised $1 million (INR 8.3 crore) in grants and stock from a variety of investors, including We Founder Circle, 888 VC, Vinners, Indigram Labs Foundation, and Google.

Flam – Flam, which specialises in mixed reality (MR), has secured INR 38 Cr ($4.5 Mn) in pre-Series A funding from institutional investors, including Turbostart, Twin Ventures, Alphatron Capital, as well as unknown angel investors and family offices.

Turno – Turno, a company that distributes and finances commercial electric vehicles (EVs), has secured Rs 46 crore ($5.5 million) from both new and existing investors.

27 May 2024, Monday – Funding News

Zypp Electric – Japanese petroleum company ENEOS Oil & Energy Asia has invested Rs 116 crore ($14 million) in the Series C round of B2B delivery and shared mobility startup Zypp Electric.

CoverSure – CoverSure, a consumer-focussed InsurTech has raised $4M in pre-series A funding round led by Enam Holdings.

CirclePe – CirclePe, a fintech firm, raised over $1 million in its pre-seed funding round, which was led by OTP Ventures.

High Street Essentials – Sangita Jindal, Chairperson of JSW Foundation, has led an equity and loan round of Rs 50 crore ($6 million) for High Street Essentials (HSE), the parent business of women’s fashion brands Indya and FabAlley.

Weekly Startups Funding News [Monday, 20 May 2024 to Saturday, 25 May 2024]

25 May 2024, Saturday – Funding News

Mynvax – Mynvax, a biotech business, has successfully completed an expanded Series A round led by Inviga Healthcare Fund, raising around Rs 21.63 crore ($2.6 million).

Flipkart – Google has contributed to Flipkart’s $1 billion funding round, which began in December 2023. Google will become a minority investor in the company, it announced on Friday, after confirming the transaction.

24 May 2024, Friday – Funding News

EkAnek’s Foxy – The online retailer Foxy, which sells a variety of cosmetic, grooming, and beauty products, has secured Rs 21.6 crore from its current investor Lightspeed India Partners.

Portl – Digital fitness company Portl disclosed that it has raised $3 million (around INR 25 crore) in an undisclosed funding round supported by the Bharat Innovation Fund.

ProsParity – ProsParity, a fintech firm, has raised $2 million from international institutional investors, including BEENEXT, Sparrow Capital, All In Capital, DeVC, and Huddle Ventures, as part of its seed round.

Superfoods Valley – An investment of Rs 7 crore was made in a Pre-Series A round by Superfoods Valley, a nutrition startup situated in Bengaluru.

DVARA KGFS – Dvara Kshetriya Gramin Financials, a Non-banking financial company, had raised $10 million in debt funding from BlueOrchard Microfinance Fund.

Vaaree – Vaaree, a startup in home furnishings and decor, has raised Rs 20.78 crore ($2.5 million) in a pre-Series A round-headed by Capier Investments, in which Peak XV’s Surge Ventures participated.

23 May 2024, Thursday – Funding News

Finvolve – According to founder Apoorva Vora, Finvolve, a joint venture between India Accelerator and Finolutions, concluded its two initial funds with a combined capital of Rs 100 crore.

Fix My Curls – Leading haircare firm Fix My Curls has completed a seed fundraising round headed by Amazon Smbhav Venture Fund.

UnifyApps – The founders and angel investors have invested in UnifyApps’ $11 million seed round, which is led by Elevation Capital.

Freshleaf – Premium tea brand Freshleaf has raised INR 1 Crore in seed round led by Inflection Point Ventures. The funds raised will be utilized to expand marketing efforts, increase production capacity, and enhance research and development for new products.

Collective Artists Network – Co-founder of Zerodha Nikhil Kamath has invested in the media and technology company Collective Artists Network, which is run by Vijay Subramaniam.

Soleos Solar Energy – Leading supplier of solar EPC solutions, Soleos Solar Energy, has secured about INR 48.5 crore in equity capital.

22 May 2024, Wednesday – Funding News

8chili – Deep tech startup 8chili, with offices in Bengaluru, India, and California, US, recently revealed a sizeable investment from mentor and strategic investor Karna D. Shinde.

Awfis – Awfis Space Solutions, a prominent participant in the co-working space industry, has secured Rs 268.61 crore from anchor investors.

NoPo Nanotechnologies – NoPo Nanotechnologies, a manufacturer of carbon nanotubes, has raised $3 million, or roughly INR 24.9 crore, in pre-series A fundraising led by Inflexor Ventures and Axilor Ventures’ Micelio Fund.

SuperKalam – Y Combinator and Fundersclub lead SuperKalam’s $2 million seed round of funding. SuperKalam is an AI-driven personal tutor for students getting ready for competitive exams.

21 May 2024, Tuesday – Funding News

Humors Tech – Healthtech startup Humors Tech, which created the breath-based health monitoring tool Respyr, has raised Rs 2 crore in pre-seed capital from Venture Catalysts.

Rare Rabbit – Investment fund A91 Partners is leading the first institutional funding round of Rs 500 crore for the modern men’s clothing and design business Rare Rabbit.

20 May 2024, Monday – Funding News

Stanza Living – Stanza Living, the largest managed-living ecosystem in India, has received a Rs 110 crore ($13 million) bridge round led by Alpha Wave.

KonProz – KonProz, a pioneering Generative Artificial Intelligence (GenAI) startup is pleased to announce the successful closure of its latest funding round, securing USD 700,000 in investment.

Varthana – Through non-converting debentures, Varthana has secured investment from Triodos Investment Management totaling Rs 27 crores.

Weekly Startups Funding News [Monday, 13 May 2024 to Saturday, 18 May 2024]

17 May 2024, Friday – Funding News

Propelld – Propelld, a fintech firm with a primary focus on education, has raised $25 million, or roughly INR 208 crore, in debt financing for Edgro Finance, an NBFC.

OTPless – In its pre-Series A fundraising round, which was spearheaded by SIDBI, the authentication and access management service OTPless has secured $3.5 million.

Battery Smart – In a fresh round of funding, Acacia Inclusion Limited, MUFG Bank, Blume Ventures, The Ecosystem Integrity Fund, and British International Investment contributed a total of $45 million to the battery technology business Battery Smart.

16 May 2024, Thursday – Funding News

InstaAstro – InstaAstro, a leading online astrology platform, has raised ₹18.50 crores in a Pre Series A round led by Artha Venture Fund.

Betel Leaf – Betel Leaf, India’s first FSSAI-certified online paan company has raised USD 1.2 Million in a Bridge Round led by Inflection Point Ventures & Venture Catalysts.

Matel – Matel, a manufacturer of electric vehicle (EV) components such as motor control units and power trains, has raised $4 million in a funding round led by Transition Venture Capital.

Stupa Sports Analytics – In its pre-Series A funding round, which was led by Centre Court Capital and PeerCapital, sportstech firm Stupa Sports Analytics has secured INR 28 crore.

15 May 2024, Wednesday – Funding News

Celcius Logistics – Series B funding led by current investor IvyCap Ventures has brought in Rs 40 crore ($4.8 million) for domestic aggregator Celcius Logistics, which offers end-to-end cold-chain solutions.

Red.Health – A smart medical response startup Red.Health, which also sends ambulances, has secured $20 million in Series B funding, which is a combination of debt and equity.

Infurnia – Cloud-native design software startup Infurnia has raised a $1.2 million funding round from a host of individuals and companies. 

Madras Mandi – Madras Mandi, a renowned name in the world of fresh produce recently announced a successful fundraising of INR 3 crores through Klub, Asia’s leading Revenue Based Financing Platform.

DrinkPrime – DrinkPrime, a subscription-based reverse osmosis (RO) water supplier, has secured $3 million from SIDBI Venture Capital Ltd. (SVCL). 

Sprect – Sprect, a C2C consulting marketplace has secured INR 50 lakhs in Angel funding from seasoned industry veteran, Siddarth (Sid) Shetty, Chief Business Development Officer at Service Channel.

14 May 2024, Tuesday – Funding News

Niqo Robotics Funding News – Agritech Robotics Startup Niqo Robotics Secures $13 Mn Series B Funding

Piramal Alternatives Funding News – Piramal Alternatives Invests INR 600 Cr in Annapurna Finance

BimaPay Funding News – BimaPay Secures Pre-Series A Round Funding Led by LC Nueva Investment Partners

3SC Funding News – Supply Chain Platform 3SC Secures Fresh Funding

Highperformr.ai Funding News – Highperformr.ai Secures $3.5 Mn Seed Funding Led by Venture Highway, Others

Sarla Aviation Funding News – Sarla Aviation Raises Pre-Seed Investment from Campus Fund

13 May 2024, Monday – Funding News

BEYOBO – The pre-Series A2 round of B2B cross-border e-commerce platform BEYOBO has secured Rs 6.7 crore.

Weekly Startups Funding News [Monday, 6 May 2024 to Saturday, 11 May 2024]

Saturday, 11 May 2024 – Startups Funding News

Meesho – Meesho, an online retailer, has successfully closed a USD 275 million fundraising round that included both primary and secondary share sales.

IIFL Securities – IIFL Securities Limited, a leading financial services house, today said that it has appointed Mr. Nemkumar H, Whole-Time Director on the Board, as the Managing Director with effect from May 15, 2024 for a period of 5 years.

Friday, 10 May 2024 – Startups Funding News

Groww – Groww, a wealth management firm, relocated its headquarters from the US to India in line with the “reverse-flipping” pattern of Indian startups looking to profit from the nation’s developing startup scene.

Tredence – Tredence, a multinational provider of AI and data science solutions, named Munjay Singh its new COO.

Arre – The digital brand Arre has announced that Namit Sharma has been appointed CEO of its studio division.

Thursday, 09 May 2024 – Startups Funding News

Venturi – Growth equity company Venturi Partners has acquired a $ 27 million stake in K12 Techno Services from Navneet Learning LLP, a division of Navneet Education Limited.

Treacle – Treacle, a cybersecurity startup has raised INR 4 Crores in a pre-seed round led by Inflection Point Ventures. The funds will be utilised to enhance technical and business development, marketing and office expenses, partnerships, and expansion in the Indian market.

IIT Madras – Indian Institute of Technology Madras (IIT Madras) has raised Rs. 513 Crore in funding from its alumni, industry, and individual donors during the financial year 2023-24.

Atlan – AI startup Atlan has raised a $105 million Series C funding round, led by GIC, Singapore’s sovereign wealth fund, along with co-investor Meritech Capital, early backers of disruptors like Snowflake and Datadog.

Wednesday, 08 May 2024 – Startups Funding News

Atomgrid – In its seed round, funded by Merak Ventures, Atomgrid, a platform for manufacturing and sourcing high-quality specialty chemicals, has secured Rs 10 crore, or about $1.2 million.

Myelin Foundry – SIDBI Venture Capital Limited (SVCL) invested $4 million to the latest fundraising round for Myelin Foundry, a deep tech AI business. Subh Labh, Pratithi Investment Trust, and Endiya Partners are among the other investors.

Knit – Knit, a Bengaluru-based software startup, has secured $1 million in its initial investment round, which was led by Endiya Partners. Axilor Ventures and undisclosed angel investors also contributed to the round.

Regrip Funding News – Re-engineered tyre startup Regrip has raised $2 million to transform the tire recycling market in India. IIMA Ventures, Regrip’s original investor, successfully exited the company with this fundraising round as well.

Select Brands Funding News – JITO Incubation Centre (JIC), part of JITO Incubation and Innovation Foundation (JIIF), incubated Select Brands, has secured INR 6.5 crore in its Pre-Series A funding round.

Tuesday, 07 May 2024 – Startups Funding News

50Fin Funding News – Fintech startup 50Fin has raised $550,000 in its most recent investment round, which was led by Nitin Gupta and Arali Ventures.

QUE Funding News – The prominent Indian cricket player Shikhar Dhawan and eyewear startup QUE established a strategic partnership. In addition to becoming an investor, Shikhar also becomes a partner and brand ambassador for QUE.

NephroPlus Funding News – Quadria Capital, one of Asia’s largest healthcare-focused private equity firms, announced an investment of INR 850 Crores in NephroPlus, Asia’s largest dialysis network.

ICON Funding News – ICON, a premier internet-first direct-to-consumer luggage and travel accessories (LTA) startup, has secured USD 1.2 million in seed funding. The round was led by DSG Consumer Partners with participation by a host of angel investors.

Eternz Funding News – A pre-seed fundraising round led by Kae Capital has secured $1.15 million, for Eternz, a jewelry marketplace based in Bengaluru.

BharatRohan Funding News Agritech startup BharatRohan has secured $2.3 million from Venture Garage, RevX, Caspian, and Villgro Innovation Foundation in a pre-IPO round.

Parseable Funding NewsLeading its Seed round, Surge and NP-Hard Ventures invested S$2.75 million in Bengaluru-based log analytics firm Parseable.

Monday, 06 May 2024 – Startups Funding News

UNICEF India National Ambassador – UNICEF India today announced the appointment of one of the most iconic stars of Indian Cinema, Kareena Kapoor Khan as the organization’s National Ambassador.

Paytm President and COO Bhavesh Gupta Resigns – The parent company of One 97 Communications Ltd (OCL), which owns and runs the Paytm brand, has announced the resignation of Bhavesh Gupta, its president and chief operating officer.

Weekly Startups Funding News Report For Monday, 29 April 2024 to Saturday, 4 May 2024

Thursday, 02 May 2024 – Startups Funding News

Go DESi Funding News– An equity investment of Rs 41 crore was raised by Go DESi, a packaged food business based in Bengaluru, in a funding round headed by Aavishkaar Capital. Existing investors Rukam Capital, Roots Ventures, and DSG Consumer participated in the investment round.

Dexif Funding News – RTP Global, an early-stage venture fund, invested $4 million in the first institutional fundraising round of fixed income investment platform Dexif.

Esports Funding News – TalkEsport, India’s leading esports media platform, announced today the successful closure of its pre-series A funding round, securing a significant investment of $1 million from Saswat Ventures.

Fresh From Farm Funding News – Fresh From Farm, a B2B2C platform for consolidating fresh fruit demand, has successfully raised USD 2 million in a Pre-Series A round with participation from Inflection Point Ventures.

Infinity Fincorp Funding News – Infinity Fincorp Solutions, a leading RBI-registered NBFC specialising in tailored property loans for MSMEs has secured an additional $8M from Archerman Capital as an extension to the $26M funding round led by Jungle Ventures, a Singapore-based independent VC firm, earlier this month.

Wednesday, 01 May 2024 – Startups Funding News

Charge Zone Funding News – Charge Zone has secured a $19 million commitment from British International Investment (BII), the UK’s development finance institution (DFI) and impact investor.

vHub.ai Funding News – A group of investors, including Z21 Ventures and Start Up India Seed Fund Scheme, provided an undisclosed sum of capital to the influencer marketing startup vHub.ai during its seed round.

AiDash Funding News – AiDash, an enterprise SaaS company making critical infrastructure industries climate resilient and sustainable with satellites and AI, announced the official closing of its Series C funding round at $58.5 million.

Tuesday, 30 April 2024 – Startups Funding News

Jaipur Watch Company Funding News – Luxury watch microbrand Jaipur Watch Company has raised revenue-based funding from Klub totaling Rs 1.35 crore.

Assert AI Funding News – Assert AI has raised INR 30 Cr (about $4 Mn) in a Series A round-headed by Ramesh Hariharan of Latent View, Prashant Purker of ICICI Venture, Arya.ag, and others.

PointO Funding News – Equirus InnovateX Fund (EIF) leads seed investment round in Lithium Battery Ecosystem startup PointO, marking this as their first investment from the fund. EIF led the round with an investment of INR 5 crores, from the total INR 6.2 crores raised in this round.

IvyCap Ventures Funding News – IvyCap Ventures, an early-stage startup capital firm, has declared that the third fund’s final closing was at Rs 2,100 crores. The company intends to invest via this fund in roughly 25 early-stage firms, with an average initial investment of Rs 30–50 crore.

Monday, 29 April 2024 – Startups Funding News

Reelo Funding NewsGokul Rajaram, an angel investor from Silicon Valley has invested $1 mn in the customer loyalty and marketing business platform Reelo.

BRISKPE Funding NewsBRISKPE, a cross-border payments platform, has secured a $5 million seed funding from digital payments leader PayU. For the startup, this is its first round of institutional funding.

Portea Medical Funding News – Portea Medical, a provider of home healthcare solutions, has raised almost $20 million through a rights issue. It is raising cash in the midst of preparing to make an initial public offering (IPO).

Latest Startups Updates – May 2024

Latest Startups Updates – 13 May

Pallavi Tyagi joins Ecom Express as Chief Marketing Officer, bringing with her eighteen years of diverse brand strategy and execution experience.

Hero MotoCorp, a well-known manufacturer of two-wheelers, announced on Monday that it has joined the Open Network for Digital Commerce (ONDC) in an effort to expand its client base, improve accessibility, and improve reach.

Ankush Aggarwal, brother of Ola Cabs founder Bhavish Aggarwal, has returned to the ride-hailing industry, according to those with knowledge of the development. Before, he worked with Ola Electric Mobility.

The B2B edtech startup Classplus has disclosed that its partners, vendors, and consumers will receive stock appreciation rights (SARs).

The Shiprocket Growth Academy has been introduced by Shiprocket, a technology that facilitates online commerce. With a wide range of instructional materials and resources.

Latest Startups Updates – 14 May

SMN Swamy, a former regional director of the Reserve Bank of India (RBI), has joined the board of directors at fintech company Ippopay Technologies, located in Chennai.

Clover Infotech, a prominent global technology services and consulting firm, has elevated Harsh Jain as its Chief Financial Officer with effect 1st April 2024.

LemFi, a fintech platform, stated that its international payment services are now accessible from the US to India later this year, and they are also available from Canada and the United Kingdom.

 9Unicorns has announced the opening of its second fund. 9Unicorns will now go by 100Unicorns as a result of this rebranding.

The Board of Directors of IndoStar Capital Finance (IndoStar) has recommended that Randhir Singh be appointed as a Whole-Time Director and Executive Vice Chairman of the firm, the company said today.

Amazon India announced the start of the fourth season of the programme on Wednesday. this programme will assist up to 50 businesses in launching in foreign markets and establishing global brands from India.

Shriram Finance Limited (SFL), in its board meeting held earlier today approved the sale of its housing finance subsidiary Shriram Housing Finance Limited (SHFL) to Warburg Pincus, a leading global growth investor.

Jakub Pachocki was named the company’s new head scientist by Altman as well. Previously, Pachocki led the development of GPT-4 and OpenAI Five as the director of research.

Exicom, an Indian supplier of Critical Power solutions and electric vehicle (EV) charging services, has announced the introduction of the quickest DC chargers in the nation, capable of 400kw.

Latest Startups Updates – 15 May

Santanu Sengupta, a seasoned banker, has been appointed President and Chief Growth and Strategy Officer of cybersecurity firm Zeron.

Beyoung, a fashion company that mostly caters to Tier III to Tier IV cities, announced that it intends to open 100 physical stores during the current fiscal year.

COGOS, a tech logistics business, has elevated Goutham BV from technical vice president to chief technology officer and appointed Katta Prasad as a new co-founder.

Vaibhav Srivastava has been named as Senior Vice President of Products by rewards-based payments network Twid. In this capacity, he will be responsible for leading the company’s innovation strategy and product vision.

Latest Startups Updates – 16 May

Pragna-1B, an open-source multilingual foundation model, was released on Wednesday by Google Cloud services and the Indian artificial intelligence (AI) research company Soket AI Labs.

Emirates NBD, one of the leading banking groups in the Middle East and North Africa region, has partnered with Pine Labs, a prominent merchant commerce omni channel platform.

Former Axis Bank executive has joined Avendus Wealth, the wealth management division of Avendus Capital, as managing director and chief executive officer.

Springwel Mattresses is getting close to purchasing direct-to-consumer (D2C) mattress firm SleepyCat in a fire sale transaction. The deal, which is essentially the sale of shares, should be completed in the upcoming weeks.

Awfis Space Solutions, a coworking space provider, hoping to collect up to Rs 128 crore.  will begin its initial public offering (IPO) on May 22. the IPO’s subscription window will begins on May 22 and run until May 27.

In partnership with LankaPay, PhonePe has made it possible for UPI payments to be accepted at all LankaQR merchant locations.

Superscan, an AI-powered platform for document imaging, automation, and fraud detection, was taken over by Niyogin Fintech Ltd. from Orbo.in.

Aditya Birla Health Insurance Co Limited, a joint venture of Aditya Birla Capital, and eldercare brand Emoha have joined to provide customised senior care solutions to corporate clients and group Mediclaim policyholders.

The fintech brokerage firm Angel One has announced the opening of Fin One, a digital-first programme. Its goal is to increase Indians’ financial literacy. 

Latest Startups Updates – 17 May

Kartik Gupta, the chief financial officer (CFO) of the well-known ride-hailing company Ola Cabs, has left the company, after chief executive Hemant Bakshi resigned.

Indian software company Zoho intends to make a substantial investment of USD 700 million to enter the chipmaking sector. The business is looking to the federal government for incentives.

Tech investor Prosus, along with parent company Naspers, has appointed Fabricio Bloisi, the former CEO of iFood, as its new CEO.

Menaka Menon, the National Strategy Head of DDB Mudra Group, has been promoted to manage the south office. She will oversee client operations and strategic planning from the Bengaluru office.

Randstad NV, the world’s leading talent company announces that Randstad Digital has acquired Torc – a next-generation AI-powered talent marketplace platform.

Latest Startups Updates – 18 May

After more than nine years in charge, executive director and chief business officer Sandeep Barasia announced his resignation from Delhivery, a cutting-edge logistics company.

Latest Startups Updates – April 2024

For startups, the Confederation of Indian Industry (CII) has introduced a corporate governance charter. Corporate Governance Charter For Startups will include principles appropriate for various stages of a startup that seeks to improve governance processes, as well as recommendations on corporate governance specifically designed for startups.

Leading global provider of digital trust, DigiCert, announced that Atri Chatterjee has been appointed as Chief Marketing Officer (CMO).

Capco, a Wipro company, the global technology and management consultancy, has appointed Dipanjan Naha as a Partner and Head of the India Market, and Madhav Malhotra as a Partner for the India Market. With offices in Bangalore, Pune, Gurgaon, Mumbai, Chennai, and Hyderabad, Capco has been serving its international clientele in India since 2008.

Want to go deeper into the world of startups and entrepreneurship? Check out these categories on VIESTORIES:

Startup Success Stories: Discover inspiring tales of startups overcoming challenges and achieving success.

Funding Startup News: Stay updated with the latest news and trends in startup funding and investment.

Startup Insights: Dive into in-depth analyses of various industries and market trends to make informed business decisions.


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