Y Combinator’s Investment arm leads $30 Mn Round in Groww

Online investment startup Groww has nabbed $30 Mn in its latest funding raising round, the Bengaluru based company announced on Thursday. New investor Continuity Fund, the investment fund operated by famous startup accelerator program Y Combinator, led the latest financing round. Existing investors Ribbit Capital, Sequoia Capital and Propel Venture Partners also reportedly participated in…

ByGirish ShettiSeptember 10, 20200Comments

Funding News

BluSmart raises $7 Mn, Initiates ESOP scheme worth 22 Lac

Electric ride hailing platform BluSmart announced on Monday that it has raised $7Mn or 51 crores in Pre-series A funding round. The round saw participation of multiple investors including Inflection Point Ventures, Chhattisgarh Investment limited, Lets Ventures, Uday Venture and JITO Angels. The company has already received approximately INR 8 crores in the first tranche, ROC…

ByGirish ShettiSeptember 7, 20200Comments

Funding News

Vernacular Gaming Platform Winzo tops up $18Mn in Series B round

Vernacular Gaming Platform Winzo has nabbed $18Mn in series B round led by Singapore based Makers Fund and Courtside Ventures. Existing investors Kalaari Capital and Bellerive Capital also invested in the round. Alongside, several individual investors have equally participated in this round. According to reports, this is Makers Fund and Courtside Ventures’ first investment in…

ByGirish ShettiSeptember 4, 20200Comments

Funding News

Exclusive: Sequoia backed Finova Capital raises INR 15 Crore Debt from Bank of Baroda

NBFC and Fintech startup Finova Capital, which offers loans to MSME and small enterprises, has raised 15 crore debt from Bank of Baroda (BOB). The fresh debt funding has come after it raised $15 Mn in series B equity funding round in March this year. According to the regulatory filings, Finova Capital has issued 150 non-convertible…

ByGirish ShettiSeptember 4, 20200Comments

Funding News

Unacademy enters Unicorn Club with SoftBank leading Series F round worth $150 Mn

Unacademy’s market valuation has more than doubled to reach $1.45 Bn in its latest series F round that has been spearheaded by Japanese tech giant SoftBank. As per the report, existing investors Facebook, Sequoia Capital, Nexus Venture Partners and Blume Ventures have also participated in the round. This is SoftBank’s first major investment in India…

ByGirish ShettiSeptember 2, 20200Comments

Funding News

Exclusive: Healthcare startup Qure.Ai closes its $16 Mn funding round

Radiology AI startup Qure.Ai has closed its $16 Mn funding round that was initiated in February this year. In the latest tranche the Mumbai headquartered startup has secured $3Mn funding, topping up from 13 Mn it raised in February from Sequoia Capital, MassMutual Ventures SouthEast Asia and Redwood Trust. These investors pumped $12 Mn while…

ByGirish ShettiSeptember 1, 20200Comments

Funding News

Byju’s may procure more funds in the ongoing series F round for international expansion

Being the world’s most valued edutech startup, Byju’s funding rounds always have a long gestation period and therefore it may not come as a major surprise that Byju’s is still not done with its ongoing series F round. This after it raised approximately $122 Mn from DST Global in the ongoing series F round - …

ByGirish ShettiAugust 27, 20200Comments

Funding News

SimSim receives more funds from its two Existing HNI Investors

Video based social commerce platform SimSim has received fresh funding of approximately 53.44 lakhs from its two existing HNI investors Samarth Bedi and Sunil Kalra. The latest tranche seems to be part of the worth $8 Mn series B round that was led by existing investors Shunwei Capital and Accel Partners in February this year. According…

ByGirish ShettiAugust 26, 20200Comments

Funding News

AI Startup Entropik Raises INR 59.90 crores from Flacon Edge and Existing Investors

AI startup Entropik, which seeks to decode the complex human emotion through the power of AI, has raised INR 59.90 crores in a fresh funding round led by Flacon Edge’s India focused fund Alpha Wave incubation. Existing investors Bharat Innovation Fund and Parampara Capital also participated in the round. Entropik's Co-founder & CEO Rajan Kumar This is…

ByGirish ShettiAugust 25, 20200Comments

Funding News

Google all set to pick 7.7% stake in Reliance Jio for INR 33,737 Crore

Reliance Industries on Wednesday held its 43rd Annual general meeting in Mumbai. At the time of uploading this news, Reliance Industries’s MD Mukesh Amabani was still giving his speech at the highly anticipated AGM. Within Half-hour into his speech, Amabani came out with some big announcements but the one announcement that stood out (at least…

ByGirish ShettiJuly 15, 20200Comments

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