Page 8 - Startup Funding

Edtech firm Sunstone raises USD 35 million from WestBridge Capital, others

Edtech startup Sunstone, which focuses on higher education, on Friday said it has raised USD 35 million, about Rs 280 crore, in a funding round led by WestBridge Capital. The funding round also saw participation from Alteria Capital. Founded by Ashish Munjal and Piyush Nangru in 2019, Sunstone had raised USD 28 million in Series B in October 2021. Munjal said that the fresh capital will be used to expand into new programmes with a key focus on undergraduate technology programmes. The company has presence across more than 35 cities in over 40 institutions and is building capacities to expand into 100 cities across the country in the next two years. "The Indian higher education system is at the brink of a long overdue transformation. Sunstone is well positioned to enable this change and impact the lives of millions of students. Over the years, we have made significant strides in the direction but still have a long way to go as the market opportunity and problem we are trying to solv

Investment firm Stride Ventures closes second India fund at $200 mn

Stride Ventures, announced the close of its second India fund at $200 million for investments in consumer, financial technology, agriculture technology, B2B commerce and other sectors.

Rural fintech firm Jai Kisan raises $50mn as debt, equity in funding round

Startup says it will use the financing to expand product suite and improve customer experience

Family offices bet bigger on start-ups, opt for direct investments

Direct investment or co-investing with Indian VC/PE funds in companies is increasingly catching up

Edtech startup Creative Galileo raises $7.5 million in Series A funding

The latest round brings Creative Galileo's total funding to $10 million, including a pre-series A round of $ 2.5 million announced in October 2021

Funding in startup dropped by 17% to $6 billion in April-June: Nasscom

According to the Nasscom, deals also dropped by about 17 per cent due to dampened market sentiments but despite reduction in deal value, funding in growth stage continued to increase.

Indian startups raised $6.9bn in the June quarter, down 33% sequentially

They raised $6.9 bn in Q2CY22 against $10.3 billion raised in Q1CY22; funding winter is a result of the market slowdown

TMS Ep208: Talent crunch, startup slowdown, Indian aviation, MPC of RBI

What's the impact of talent crunch on services sector? Can startups manoeuvre the funding slowdown? What's worrying about cabin crew woes of IndiGo, SpiceJet? What is the MPC of RBI? All answers here

How can startups manoeuvre the current funding slowdown?

With global uncertainties in the backdrop, leading funds and venture capitalists are delaying funding for several Indian startups. How are startups going to manoeuvre the slowdown? Let's find out.

Bengaluru ranks 5th globally for tech VC investments in 2022: Report

The city's tech firms have raised $7.5 bn in tech venture capital investment so far in 2022 - more than any other year previously

Innovation fund Pontaq signs deal with TN govt to support startups

Holds investor summit with participation from 50 tech-based startup founders

Fintech unicorn Slice raises $50 mn funding led by Tiger Global, others

With its core credit product set to become profitable in the months ahead, Slice will use the new capital to shore up its balance sheet and support expansion of its new UPI product

Pune-based Repos Energy raises Rs 56 crore from Ratan Tata, others

The fresh capital as part of pre-series A funding round is in combination of equity and debt, the company said

Newton School secures $25 mn in funding led by Steadview Capital

The capital raised will be used to accelerate the company's growth and expand its team, technology and brand building initiatives, the company said

Pratech Brands raises $3 mn led by Sequoia's 'Surge' to launch Hyugalife

Hyugalife will host over 1,000 brands across categories, including women's health, Ayurvedic and plant-based supplements, kids health, sports nutrition, vitamins, among others

For 3rd quarter in row, Indian startup funding crosses $10 bn in Q1: Report

Creation of 14 more unicorns takes the overall tally of startups with over USD 1 billion valuation in the country to 84 now, according to a PwC India report

Agritech venture capital firm Omnivore to set up Rs 1,000 crore fund

The new fund will continue to invest in early-stage startups developing breakthrough technologies for agriculture, food, climate, and the rural economy

Group buying start-up Citymall raises $75 mn in Series C funding round

It is the company's third fundraise in 18 months, bringing the total capital raised to $110 million.

D2C start-up mCaffeine raises Rs 240 cr at a valuation of Rs 1,000 cr

Founded in 2016, mCaffeine had attracted a cumulative of Rs 60 crore through successive rounds of funding over the years

Unicorn Ventures India leads seed round in food tech startup FairPlum

Fairplum works with the heritage food brands of India, taking dishes from their kitchens and making it available to consumers