Bhopal-based Clean Electric raises $2.2 million in seed funding led by Climate Angels and Kalaari

A seed round headed by Climate Angels and the Bengaluru-based venture capital firm Kalaari Capital nets Clean Electric, a startup offering energy storage solutions, $2.2 million. Along with LV Fund, 7 Square Ventures, and CIIE Regional Innovation Foundation, other investors in the round included them. Expanding its R&D, sales, and operations teams, Clean Electric intends […]

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Covvalent raises $4.3M from Nexus Venture Partners and other investors

Covvalent, a platform for specialty chemicals, raises $4.3 million in a seed round that was co-led by Nexus Venture Partners. The round included notable angel investors and founders like Vishal Chaudhary (Co-founder, Zetwerk), Ramakant Sharma (Founder, Livspace), Rajesh Yabaji (Founder, BlackBuck), Rehan Khan (MD, MSD India Region), Jawaid Iqbal, Anubhav and Ankit Singh (Co-founders, Rupifi), […]

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Prodo raises $1 million in seed funding led by Infection Point Ventures

Prodo, a startup specialising in on-demand manufacturing, raises a $1 million seed investment.  The funding round was led by Inflection Point Ventures, with participation from Titan Capital, LetsVenture, and Dholakia Ventures. Prodo was founded by Sameen Husain and Abhiroop Srivastava in May 2021. This startup is a platform for on-demand production and purchasing. It aids […]

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Gurugram based healthtech brand Healthkart raises over $65 Mn led by Temasek

HealthKart, an omnichannel health tech platform, raises Rs 536.52 crore, or around $66 million, in a Series H round that was led by Temasek and included A91 Partners. This is the company’s initial investment round for 2022, with its headquarters in Gurugram. According to a regulatory filing with the Registrar of Companies, the board at […]

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Bangalore-based PhonePe’s revenue increases 2.4X in FY22, while its outstanding losses surpass $1 Bn

The unified payment interface, or UPI, the ecosystem has seen the rise of Walmart-owned PhonePe, which routinely dominates in terms of volume and value. Its scale, which more than doubled to reach Rs 1,646 crore during FY22, further demonstrates its dominance in UPI payments. However, even if more slowly, the number of unpaid losses has […]

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GoMechanic revenue approaches Rs 100 Cr in FY22, while losses quadruple

The number of Indians using online platforms to get car maintenance and repairs increased, which led to a rise in revenue for the businesses offering these services. For instance, the multi-brand vehicle workshop and spare parts platform GoMechanic had a 2.7x increase in income in FY22 compared to the prior fiscal year, coming close to […]

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Motovolt Mobility raises $1.9 million, or Rs 16 crore, in a pre-series A investment that was backed by Wami Capital

E-mobility startup Motovolt Mobility raises $1.9 million, or Rs 16 crore, in a pre-series A investment that was backed by Wami Capital. The D2C firm Pee Safe’s creator, Vikas Bagaria, also contributed to the funding round. The money raised will be used largely to launch new products, launch marketing campaigns, and expand Motovolt’s distribution network […]

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Craft beer maker Bira 91 raises $70 million in a funding round led by Japanese beer company Kirin Holdings Co Ltd

As it looks to ramp up production in the face of increased demand for the alcoholic beverage, Indian craft beer maker Bira 91 raises $70 million in a fundraising round led by Japanese beer company Kirin Holdings Co Ltd. Ankur Jain launched the craft beer company Bira 91 in 2015. In India’s projected $5 billion […]

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Pune-based healthtech AI startup RedBrick AI raises $4.6M in seed funding

To grow the market for its medical picture annotation service, health tech startup RedBrick AI raises $4.6 million in a funding round led by Sequoia India and Southeast Asia’s Surge. Web annotation tools for 2D and 3D data are provided by the RedBrick AI SaaS platform, giving specialists access to specialized tooling directly from their […]

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Twitter’s Indian counterpart Koo raises over $6 million in a new round led by Tiger Global and Accel Partners

Koo, a social media competitor to Twitter in India, raises Rs 51.08 crore ($6.3 million) in a fresh round co-led by Tiger Global and Accel Partners with the support of Kalaari Capital, 3one4 Capital, and Tokyo-based PE company Dream Incubator (DI). The Bengaluru-based company’s second investment round for 2022 is now underway. According to Koo’s […]

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