funding news

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.

Covvalent, a platform for specialty chemicals, raises $4.3 million in a seed round that was co-led by Nexus Venture Partners.

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.

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).

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 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.