The e-commerce startup stated that it is aiming at technological advancements and talent acquisition, while continuing to 'disrupt' India's apparel manufacturing ecosystem
The fintech, which provides working capital loans to MSMEs, secured additional capital from Gray Matter Capital through Non-Convertible Debentures (NCDs).
The big news is that VC firms, both overseas India-dedicated and domestic funds, have garnered around US$10 billion in the last 12 months
Celcius is an asset-light platform with more than 4,500 reefer vehicles, 107 cold storage facilities, seven distribution centres, and 150 hyperlocal riders in over 350 cities.
Dukkantek, which was founded in January 2021 by Ali Al Sayegh, Sanad Yaghi, and Shadi Joulani, has so far scaled across the MENA region with SMB retailers adopting their technology for customer services, business processes, and faster growth, the company said.
The latest quarterly PE-VC investments numbers establish that the funding slowdown is for real. A finer analysis of the data, however, shows that the impact of the slowdown is different for different stages
Existing investors and others including 9Unicorns, iSeed, Crescent, and Riverwalk, also participated in the round. With this, the total capital raised by the company since its inception rose to $17.4 million.
While Chaudhry invested $4 million (around R.31 crore) in HONO, the startup has raised $1million more from other individual investors including Hemant Sultania, Amit Khanna of Amaya Ventures, and Harsh Gupta of Udayat Group. The series A funding totals $5 mn.
The series A funding round was led by consumer-brands-focused Fireside Ventures, along with participation from the existing investors.
The funding was led by Addition and Tanglin Venture Partners, with participation from existing investors, Matrix Partners India and Elevation Capital, as well as angel investors. The company raised $3 million in May 2021, when it launched the beta platform.
Earlier this year, Scaler raised $20 million in Series A Funding led by investors such as Sequoia Capital, Tiger Global and Rocket Internet, among others.
The funding was led by Venture Catalysts (VCats) and Gruhas Proptech- an exclusive platform by Nikhil Kamath of Zerodha and Abhijeet Pai of Puzzolana Group to invest in Disruptive Proptech Companies.
Founded by the city-based investment banker-turned entrepreneur Rakshit Mathur amid the first wave of the pandemic last year, the mobile app-based platform currently caters to B2B customers at their chosen locations across Delhi-NCR, Mumbai and Bengaluru.
The funding was a mix of equity and debt, led by CreedCap Asia Advisors, along with other undisclosed angel investors, it added.
Including the current round, Glamyo Health has raised in total $3.5 million since the end of 2019.
Redwood City headquartered firm in its statement said that the investment would drive the imminent shift from the current popular centralised internet or Internet 2.0 to a more decentralised environment of the future or Internet 3.0.
The company plans to utilise the funds for building technology and enhance operational capabilities.
Plans to increase footprints in over 1000 locations in India in the next two years.
GrabOnRent, an online product rental service, today said it plans to raise USD five million in series A funding to fuel expansion plans.
The funds will be utilised for product development, strategic hires, and creating localised content.
This series A investment of USD2 million, upswings the scalability of the company and provides it a sizeable balance required to increase its operation on the technical front and market expansion.
The routing can happen as a seed stage or pre-series A funding round. Now to embezzle the funds, from that startup money you can buy a luxury car, pay yourself, your kin huge sums as directors. There are other assets that can be bought with that money in the company‘s name.
Fintech platform LoanTap today said it has secured USD 3 million in a first strategic round of funding (Series A) from high net worth individuals (HNIs) Abhishek Pandey and Jaysukh Sapra.
US-based ad tech startup AdPushup, creator of a patent-pending ad layout optimization platform, has secured an undisclosed amount of financing as part of its Series A round led by Geniee, Inc., whose major shareholder is SoftBank Group Corp
Sun Telematics, one of the early entrants and leading players in the telematics space in India, today announced that the company has closed a Pre Series A round from Angel investors for an undisclosed amount.