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 […]
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 […]
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). In FY21, Licious recorded a net loss of INR 369.8 Cr, an increase of approximately 2X from the loss of INR 146 Cr in FY20. Although […]
Betafi, a platform for unified user research, raises $1.3 million in pre-seed funding led by Together Fund, Entrepreneur First, and Titan Capital, with Nir Eyal and founders from startups like Razorpay, Pine Labs, Snapdeal, Livspace, and others also taking part. The Singapore-based startup was founded by Arjun Arora and Ethan Sherbondy in 2020. Arjun earned […]
Amidst a financing crunch, Amagi Media Labs, a top provider of media technologies, raises over $100 million in investment, including $80 million in primary capital from global growth equity firm General Atlantic. As a result of the investment, Amagi is now valued at $1.4 billion, up from the $1 billion it was valued at in […]
Lentra, a fintech SaaS company with headquarters in Pune, has raised $60 million in a Series B round headed by its current backers, Bessemer Venture Partners and Susquehanna International Group (SIG) Venture Capital. A subsidiary of the New York-based investment banker Citigroup, Citi Ventures, also took part in it. According to a company statement, the […]
Bold Finance, a fintech startup, raises $1.5 million in a seed round. With the help of existing investor Antler India, as well as several angel investors including Nitin Gupta of Uni Cards, Ishpreet Gandhi of Stride Ventures, Shashikant Dola of McKinsey & Company, Tushar Mehndiratta of Avail Finance, Vadiraj Kulkarni of ITC PSPD, and others, […]
Alpha Wave and Aspada’s Lightrock have invested $15 million in healthcare startup “Even” as part of a new investment round. Even stated that it has raised $20 million overall, not counting the current fundraising. It is a Bangalore-based full-stack healthcare firm that was founded in 2020 by Matilde,Giglio a former angel investor, Mayank Banerjee, a […]
The Indian venture capital company Chiratae Ventures, which focuses on funding early-stage entrepreneurs, has received Rs 759 crore as the first closure of a new fund that will invest in growth-stage businesses. It will only invest in firms that are in the Series C and later investment stages under the name ‘Chiratae Venture Growth Fund-1.’ […]
WestBridge Capital invests $57 million in Hyderabad-based HR IT startup Keka in the largest Series A SaaS fundraising round in India to date. Vijay Yalamanchili and Sashi Pagadala launched Keka HR (which means awesome in Telugu) in 2014 intending to give Indian employers an “amazing” employee experience. The bootstrapped company offers products and services such […]