Page 32 - Fundings

Agritech startup raises Rs 29 cr from investors for growth and expansion

Poshn said in a statement that it has "raised Rs 28.8 crore in seed funding, led by Prime Venture Partners and participation from Zephyr Peacock"

Startup TeaMonk raises about Rs 4 cr from investors to expand business

The funds raised in a pre-series A round will be utilized for domestic penetration and exploring uncharted territories in international markets, the company said in a statement

Truemeds raises $22mn in series B funding round led by Westbridge Capital

The company plans to utilise the funds to accelerate growth in the untapped domestic market and expand its coverage across the country

Zypp Electric raises $1 mn from Northern Arc to expand EV fleet service

Zypp is growing its user base on Zypp rentals at 300 per cent month-on-month with the plans of expansion and investment on more scooters under its fleet, it said

VC investments fall 25% sequentially in Q1CY22: KPMG's Venture Pulse report

Rising commodity prices, geopolitical uncertainty weigh on sentiment: KPMG report

Edtech startup Newton School raises $25 mn from Steadview Capital, others

Founded in 2019 by IIT batchmates Nishant Chandra and Siddharth Maheshwari, Newton School was built to democratise higher education.

Elon Musk's Boring Company raises $675 million to scale Loop projects

Tech billionaire Elon Musk's Boring Company has raised $675 million in the Series C round, bringing its valuation up to $5.7 billion.

Beauty, personal products maker Believe raises $55 mn in Series C funding

The Series A and Series B fundraises for Beauty, personal products maker Believe were led by Accel and Jungle Ventures with participation from Wamda Capital, a Middle East-based fund.

Video editing tech firm VideoVerse raises $46.8 mn to expand globally

In October 2021, VideoVerse had raised Series A funding from Moneta Ventures, Baring Private Equity India, Binny Bansal and Ventureast

Food delivery rivals Swiggy and Zomato back restaurant tech firm UrbanPiper

Restaurant management platform raises $24mn in series B funding

Rapido raises $180 mn at $830 mn valuation in funding round led by Swiggy

Swiggy's investment will leverage the synergies between the two companies to unlock more opportunities for delivery executives and captains across both fleets

Performance management startup Mesh raises $11 mn for US, APAC expansion

The Mesh platform continues to successfully manage a wide pool of modern soon-to-be unicorns and unicorns across sectors, including ShareChat, CRED, Groww, Pipefy and others.

SaaS start-up Zipy raises $2.8 mn in seed funding led by Blume, Together

Founded in 2020 by Vishalini Paliwal, an IIT Roorkee graduate & product engineering veteran, Zipy helps software teams to proactively identify, prioritise & debug critical customer issues in real time

Financial firm MyShubhLife raises Rs 100 cr in Series-B funding from Gojo

The company said it would utilise the funds to further expand its footprint with more corporate and large platform partnerships, invest in technology and enlarge its talent pool

Google-backed VerSe valued at $5 billion in latest funding round

VerSe Innovation has raised $805 mn in a funding round led by Canada's top pension fund, putting a $5 billion valuation on the Google-backed parent of video app Josh and news aggregator Dailyhunt.

Local language tech platform VerSe Innovation's valuation crosses $5 bn

The investment will be focused on strengthening the company's leadership position in the country. VerSe plans to both deepen and broaden its AI and ML (machine learning) and data science capabilities

D2Y company Ayurveda Co raises $3 mn from investors including Wipro

D2C ayurvedic brand The Ayurveda Company on Thursday announced raising USD 3 million (Rs 22.89 crore) from a host of investors, including Wipro Consumer Care Ventures. Rahul Gupta of Tricity Technologies and Harsh Gupta of School of Design & Entrepreneurship also participated in the funding round. "This will accelerate the growth towards becoming India's first & fastest growing D2C Ayurvedic Personal Care & Wellness Brand," said a statement from The Ayurveda Company (TAC). Funds will be utilised to ramp up growth, production capabilities and venture into the retail sector. "In the next 12-15 months, TAC will be gearing up to grow to Rs 100 crore turnover, boost team and technology, expand market share, and strengthen its footing in the D2C space," it said.

Zerodha co-founder Nikhil Kamath invests in drone start-up Omnipresent

This round also saw co-investments from Kavin Shah, and other individual high networth individual (HNIs), according to a statement released on Thursday

Cleantech start-up Sistema.bio raises $15 million in Series B round

Financing will strengthen partnerships and distribution, carbon reduction activities, R&D efforts and overall operations in LATAM, Africa, and Asia-Pacific

Shark Tank: 13-yr-old girl's anti-ragging app gets Rs 50 lakh funding offer

The investors in Jolly's idea are Anupam Mittal, founder and CEO of People Group (Shaadi.com) and Aman Gupta, co-founder of boAt