Funding News

Space tech startup Agnikul soars high with Pre-Series A Funding

Agnikul, a Chennai based space startup that is engaged in developing low cost satellite launch vehicles, has received a funding boost of Rs 23.4 crore in pre-series A round. Agnikul's co-founders Srinath Ravichandran and Moin. Early stage fund specialist Pi Ventures spearheaded the funding round. Hari Kumar (LionRock Capital), Artha Ventures, Lets Venture, Globevestor, CIIE and existing…

ByGirish ShettiMarch 18, 20200Comments

Funding News

Binance Creates $50 Mn fund for Indian Blockchain startups

Binance Group has created a $50 Mn funding corpus dedicated to Indian blockchain startups. Binance, which is a leading cryptocurrency exchange, will use the funds to help Indian blockchain startups on the fundraising front, project implementation etc. Binance has set up $50 Mn funding corpus for Indian Blockchain startups The positive development comes in the aftermath of…

ByGirish ShettiMarch 17, 20200Comments

Funding News

Emotion Recognition AI startup Entropik may raise fresh funds

Emotion Recognition artificial intelligence startup, Entropik, which is headquartered in Bengaluru, is looking to raise fresh funds. According to economic times report, the Bengaluru based startup is seeking to raise $10 Mn from Falcon Edge Capital and group of investors. Emotion Recognition AI startup Entropik is seeking to raise fresh capital. In July 2018, the company had…

ByGirish ShettiMarch 16, 20200Comments

Funding News

Ola electric gets $1 Mn funding cushion from Pawan Munjal

Ola electric mobility - electric vehicle arm of Ola - has secured $1Mn funding from existing investor Pawan Munjal, chairman and managing director of Hero Motor Corp. Munjal, who is one of India’s most well-known business tycoons, invested in the firm through his investment firm Pawan Munjal Family Trust. Pawan Munjal, chairman and managing director of…

ByGirish ShettiMarch 12, 20200Comments

Funding News

Weekly funding: SMEcorner & Spinny bags Massive Funding Round

This week’s startup funding took place under the shadow of Coronavirus but funding mood managed to stay somewhat optimistic despite the onslaught of the deadly virus. That said, apart from two big ticket funding round that were bagged by SMEcorner and Spinny, the funding scenario largely stayed subdued. Here are this week’s top funding stories covered…

ByGirish ShettiMarch 7, 20200Comments

Funding News

Bounce’s valuation touches $500 Mn with latest Funding from InnoVen Capital

Two wheeler rental startup, Bounce, has secured $6.5 Mn from venture debt investor InnoVen Capital. The latest funding has come barely weeks after the company raised $105 Mn from Facebook’s co-founder Eduardo Saverin’s investment firm. Image Source: Bounce.com This is InnoVen Capital’s third investment in Bounce and the latest investment values the Bengaluru based startup nearly $500…

ByGirish ShettiMarch 3, 20200Comments

Funding News

Youth Travel Hostel Startup goStops raises Angel Funding from Atraxn Partners

Full stack youth hostel startup goStops has raised undisclosed amount of capital from Angel Investment firm Atraxn Partners. Based in New Delhi, goStops is a premium chain of youth hostels catering to the millennials, especially those who fall under the category of backpackers. Pallavi-Agarwal-and-Pankaj-Parwanda-Founders-of-goStops Gostops co-founders Pallavi Agarwal and Pankaj Parwanda said that following the latest funding from…

ByGirish ShettiMarch 2, 20200Comments

Funding News

Weekly Funding Roundup: Investors pour huge Capital in BharatPe and Rupeek

In the wake of growing chorus around economic slowdown and impact of coronavirus, this week investor’s appetite for funding promising startups remained pretty resilient. The week witnessed some big funding rounds, after quite a few well known startups from fast rising sectors like fintech, healthcare and other sectors managed to get big funding cheques from investors. Here…

ByGirish ShettiFebruary 29, 20200Comments

Funding News

Vogo Secures $20 Mn in Series C Round led by LGT Lightstone Aspada

Vogo, which operates dock based scooter sharing platform, has raised $20 Mn from LGT Lightstone Aspada and clutch of existing investors. Image courtesy: Vogo.in Existing investors that participated in this round included Matrix Partners India, Kalaari Capital and Stellaris Venture Partners. Vogo will use the funds for expansion across domestic market and to further ramp up its IOT…

ByGirish ShettiFebruary 28, 20200Comments

Funding News

Vijay Shekhar Sharma backed AjnaLens raises $1.5 Mn in pre-Series A Round

AjnaLens, Augmented reality startup owned by Dimension NXG Pvt. Ltd, has raised $1.5 Mn in a pre-Series A round. Maharashtra Defence and Aerospace Venture Fund (MDAVF) led the round while several HNI investors including Nailesh Khimji, Chirayu Khimji, Jay Jesrani & Mohsin Group also participated in the round. AjnaLens raises $1.5 Mn in pre-Series A Round led…

ByGirish ShettiFebruary 27, 20200Comments

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