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.

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.

As advertising expenditures and other costs skyrocketed, Bengaluru-based D2C food tech unicorn 'Licious' consolidated net loss more than doubled to INR 855.7 Cr in the fiscal year 2021–2022 (FY22).

According to the reports from Entrackr, domestic D2C ayurvedic nutrition brand Kapiva is in late-stage negotiations to raise more than Rs 200 crore from OrbiMed. This is the company's first investment round for 2022.

ProcMart, a B2B marketplace for purchasing based out of Noida, has raised $10 million in a Series A round that was led by Sixth Sense Ventures.

The edtech business Adda247 just raised $35 million from WestBridge and saw a 68% increase in scale in FY22. Similar to other growth stage startups, the company was able to boost its topline significantly despite rising costs.

The parent company of the short video entertainment app Josh and the vernacular news aggregator Dailyhunt, VerSe Innovation, continues to suffer severe financial losses, as its losses more than tripled and exceeded Rs 2,500 crore in FY22.

Strong unit economics helped the Delhi-based, bootstrapped SaaS company Wingify maintain its momentum in FY22 as revenue approached the Rs 200 crore threshold.