Page 18 - Startup

BlissClub raises $18 mn in funding led by Eight Roads, Elevation Capital

BlissClub has seen 25X growth in just 10 months, having gone from raising a seed round in May 2021 to current Series A in less than a year

Vedantu lays off 424 employees as it expects a scarcity of capital

Citing headwinds, CEO Vamsi Krishna says capital will be scarce in upcoming quarters

Silver Lake invests $500 million in India's Byju's at a valuation of $11 bn

The frenetic deal activity signals huge investor appetite for India's edtech startups as the country's pandemic escalates

B2B platform Fashinza raises $100 mn in funding led by Prosus, Westbridge

Fashinza will utilize the funds towards creating a sustainable supply chain for the global fashion industry and in expanding the company's presence globally.

ParallelDots raises $4.5 mn in Series A round led by Btomorrow Ventures

Firm will use proceeds for product innovations leveraging evolving technology, and harness the power of AI to help CPG makers grow and navigate digital disruption better

The rise & rise of Byju's: The edtech startup's journey explained

In this podcast, we explained the reasons behind Byju's rapid surge in valuation and funding and company's future plans to tap global markets. Tune in

PM Modi to launch MP's start-up policy, interact with people today

PM Modi commend the Madhya Pradesh Government for this effort to make the state a hub for enterprise and urged people from this ecosystem to join the programme

Fintech firm BharatX raises $4.5mn in seed round to expand business

The company works with brands and websites to provide a credit feature in their apps to serve customers.

ForeignAdmits raises Rs 3.26 crore from Unicorn India Ventures, others

This is the second investment by UIV in Foreign Admits. It had raised a seed round from Unicorn India recently, taking total fundraise to over $1 million

Ratan Tata-backed jewellery retailer BlueStone names Rumit Dugar as CFO

Rated among India's top analysts, he has been associated with organisations such as JP Morgan, Infosys and IDFC

Traceable AI raises $60 mn in series B at at $450 mn-plus valuation

The investment round was led by IVP and other investors include Tiger Global and existing investors Unusual Ventures and BIG Labs

SaaS firm Toplyne raises $15mn Series A led by Tiger Global, Sequoia

The team will use the funding to aggressively deliver on the product roadmap, and scale the data science, engineering, product, and design teams

Insurtech platform Turtlemint raises $120 million in Series E funding

The latest funding round has valued Turtlemint at more than $900 million.

Geniemode raises $28 mn in Series B from Tiger Global, Info Edge Ventures

Founded in May 2021, Geniemode works with buyers and manufacturers of furniture, home textiles, apparel, others to streamline and take control of end-to-end supply chain, from design to delivery

TravClan closes Pre-Series-A round of $4.7 mn led by Hashed Emergent

The company's target is to grow to $500 million GMV run rate with more than 300 employees by the end of FY23

D2C unicorn Licious invests in fresh pet food startup Pawfectly Made

Pawfectly Made will continue as a separate entity with its own production processes and supply chain, Licious comes in as strategic partner

Financepeer raises $31 mn in funding led by QED Investors, Aavishkaar

This is the second funding for the city-based startup, which is the industry leader with over 40 per cent externally-funded education fee market

Saudi food startup raises $ 170 mn from Sequoia Capital India, others

The company is also looking at potentially acquiring rivals to help it grow and will expand into fintech after receiving a license from the Saudi central bank

Healthcare insurer Loop raises $25 mn from Vinod Khosla, others in Series B

The round comes just six months after Loop raised a $12 million Series A, bringing total mop up till date to $40 mn

EVage eyes a first mover advantage with launch of one-tonne e-delivery van

The Mohali-based all-electric vehicle startup took nearly seven years to develop, test and validate Model X; roll out likely year-end