During the week, as many as 27 Indian startups raised nearly $222.7 million in funding. These deals include 7 growth-stage deals and 17 early-stage deals. Meanwhile, three early-stage startups did not disclose the amount raised. Last week, about 37 early and growth-stage startups collectively raised around $310 million in capital. [Growth-stage deals] Among the growth-stage Continue reading Funding and acquisitions in Indian startups this week [22-27 Apr] The post Funding and acquisitions in In

BankBazaar, an online marketplace for financial products, has raised Rs 80 crore ($9.6 million) in its ongoing Series D round via private placement. This is the first round of investment for the firm in 2024. The board at BankBazaar has passed a special resolution to issue up to 22,821 Series D2 CCPS at an issue Continue reading Exclusive: BankBazaar bags Rs 130 Cr in equity and debt funding The post Exclusive: BankBazaar bags Rs 130 Cr in equity and debt funding appeared first on Entrackr .

B2B credit management platform CheQ has raised Rs 35 crore or $4.2 million in its extended seed round from new and existing investors. The funding for the Bengaluru-based firm came after a gap of 18 months. The board at CheQ has passed a special resolution to issue 12,952 Seed1 cumulative convertible preference shares at an Continue reading Exclusive: CREDs competitor CheQ secures $4.5 Mn The post Exclusive: CREDs competitor CheQ secures $4.5 Mn appeared first on Entrackr .

Venture capital firm Capria Ventures has announced the successful completion of fundraising for its India Opportunity Fund at Rs 153 crore ($19 million). This comes after a full-cash exit from its portfolio company Awign. The US-based fund had announced first close at Rs 75 crore in February 2023 as Unitus Ventures. Later, Capria Ventures and Continue reading Capria Ventures closes India Opportunity Fund at $19 Mn The post Capria Ventures closes India Opportunity Fund at $19 Mn appeared first o

Omnichannel fashion startup Lyskraft, founded by Zomatos co-founder Mohit Gupta and Myntra and Cultfits co-founder Mukesh Bansal, has scooped up $26 million in a seed funding round. The round was led by Peak XV Partners with participation from Prosus, Sofina, and partners of DST Global, the company said in a press release. Angel investors including Continue reading Lyskraft, founded by Mohit Gupta and Mukesh Bansal, bags $26 Mn in seed round The post Lyskraft, founded by Mohit Gupta and Mukesh

Awign, a work-as-a-service platform, has announced a strategic majority stake acquisition in an all cash deal from Mynavi Corporation. This partnership will also signify the departure of few of Awigns early backers, including Capria, Lumis, MSDF, Amicus Capital and Pankaj Bansal. Earlier in 2022, the Bengaluru-based company had announced its first employee stock option (ESOP) Continue reading Mynavi acquires majority stake in HRtech startup Awign The post Mynavi acquires majority stake in HRtec

Brainbees Solutions, the parent company of kids-focused omnichannel retailer FirstCry, is reportedly going to withdraw its $500 million IPO within four months of filing a draft red herring prospectus with the regulator: Security Exchange Board of India (SEBI). According to a Reuters report, the firm has planned to pull back IPO papers as SEBI raised Continue reading FirstCry to withdraw IPO papers, may refile with latest financials: Report The post FirstCry to withdraw IPO papers, may refile wi

Eyewear retailer Lenskart raised $600 million from the Abu Dhabi Investment Authority and ChrysCapital in March-June 2023. The staggering funding appears to have been drawn by its outstanding financial performance in the fiscal year ending March 2023. While the firms scale grew over 2.5X, it also cut losses by 37% during FY23. Lenskarts revenue from Continue reading Lenskart is EBITDA profitable with Rs 3,788 Cr revenue in FY23 The post Lenskart is EBITDA profitable with Rs 3,788 Cr revenue in

MatchLog Solutions, a sustainable container logistics and supply chain optimisation, has raised $1.5 million in its pre-series A round led by Motion Ventures and July Ventures, with participation from Venture Catalysts, Blue Ashva Capital, and Capital A. Earlier in 2022, MatchLog had raised $3 million from Blue Ashva Capital, Rainmatter Climate Technologies, and Capital-A. The Continue reading MatchLog Solutions raises $1.5 Mn in pre-series A round The post MatchLog Solutions raises $1.5 Mn in

FlexiCloud Internet, a company specializing in managed cloud hosting solutions, has raised strategic funding from Ushodaya Enterprises Private Limited, the holding corporation of the Ramoji Group. This initiative is part of Ushodaya Enterprises strategic expansion into Kerala. The funds will be used to empower FlexiCloud to augment its technological base, expand its research and development Continue reading Ramoji Group backs FlexiCloud Internet The post Ramoji Group backs FlexiCloud Internet a

Coffee chain firm Third Wave Coffee secured $35 million led by homegrown private equity firm Creaegis in September last year. The funding was followed by its notable growth in scale during FY23. Third Waves revenue from operations surged 4.5X to Rs 144 crore in the fiscal year ending March 2023 as compared to Rs 32 Continue reading Third Wave Coffees scale grows 4.5X to Rs 144 Cr in FY23 The post Third Wave Coffees scale grows 4.5X to Rs 144 Cr in FY23 appeared first on Entrackr .

Healthcare and insurtech firm Flashaid has raised $2.5 million in its pre-Series A funding round led by Piper Serica Angel Fund and global venture capital firm SOSV. Early-stage investors Z21 Ventures Fund and ZNL Growth Fund also participated in this round. The proceeds will be used for growth and expansion to six new cities, the Continue reading Healthcare and insurtech startup FlashAid raises $2.5 Mn The post Healthcare and insurtech startup FlashAid raises $2.5 Mn appeared first on Entrackr

A group of former Flipkart employees, led by Bhargav Errangi, is working to fix a big hurdle faced by D2C startups acquiring new customers. Through their platform POP, the Bengaluru-based startup aims to build a vast pool of customers, who are preferably ecommerce savvy and drive sales through a reward currency. Conveniently called POPcoins, Continue reading POP helps D2C startups tackle customer acquisition and retention hurdles The post POP helps D2C startups tackle customer acquisition and

Foodtech decacorn Swiggy is inching closer towards its public listing as the Bengaluru-based firm received shareholders nod to float its $1.25 billion IPO. The board at Swiggy has passed a special resolution to raise up to Rs 3,750 crore ($450 million) via fresh issue of equity of shares and an offer for sale of up Continue reading Swiggy gets shareholders nod to float $1.25 Bn IPO The post Swiggy gets shareholders nod to float $1.25 Bn IPO appeared first on Entrackr .

Control One AI, an AI-first robotics startup, has raised $350K from a group of investors in the United States and India such as Kunal Shah (Founder, CRED), Chaitanya R (Co-Founder,Wakefit) & Amit Singh (Ex-MD, Avendus Capital) and Silicon Valley based top supply chain executives from Tesla, Amazon, Walmart, eBay, Mercedes-Benz, and General Electric. The proceeds Continue reading AI startup Control One raises $350K in pre seed round The post AI startup Control One raises $350K in pre seed round

LetsTransport, a trucking aggregator for enterprises, has raised $22 million in its Series E funding round led by Bertelsmann India Investments. Rebright Partners, NB Ventures, ALES Global, Stride Ventures, CAC Capital, and others also participated in the round. The firm had raised $25 million in July last year. Now, the fresh infusion takes the total Continue reading LetsTransport bags $22 Mn in Series E led by Bertelsmann The post LetsTransport bags $22 Mn in Series E led by Bertelsmann appea

Boba Bhai,a quick-service restaurant (QSR) brand focused on bubble tea and other food items, has raised Rs 12.5 crore in its seed round led by Titan Capital and Global Growth Capital UK. The round also saw participation from Arjun Vaidya, Marsshot VC (RazorPay founders fund), DEVC, Warm up Ventures, Asit Oberoi, 1947 Rise Fund by Continue reading Bubble tea brand Boba Bhai raises Rs 12.5 Cr in seed round The post Bubble tea brand Boba Bhai raises Rs 12.5 Cr in seed round appeared first on Entra

B2B manufacturing and automation startup Groyyo grew at a rapid clip with 19X growth during the fiscal year ending March 2023. But in the pursuit of chasing scale, the Tiger Global-backed companys losses zoomed 13.6X during the same period. Groyyos gross revenue surged 18.9X to Rs 492 crore in FY23 from Rs 26 crore in Continue reading Groyyos gross revenue nears Rs 500 Cr in FY23 The post Groyyos gross revenue nears Rs 500 Cr in FY23 appeared first on Entrackr .

Plane, an open-source project management platform, has secured $4 million in a Seed round funding from OSS Capital. This investment will fuel the companys community growth and compete in the enterprise segment. The firm has also announced the launch of Plane One, a first-in-open-source pricing plan for self-managed instance owners at growing companies. Designed for Continue reading Tech startup Plane raises $4 Mn in Seed round The post Tech startup Plane raises $4 Mn in Seed round appeared firs

Karban Envirotech, a startup that manufactures energy-efficient electronic appliances, has raised Rs 8.93 crore ($1.07 million) in a seed round led by Titan Capital, Rainmatter and All In Capital. Other investors who participated in the round include Urban Company, JK Family Office and angel investors including Kunal Shah, Anupam Mittal, Bharat Jaisinghiani, Atul Gupta, Abhishek Continue reading KARBAN raises seed round led by All In Capital, Titan Capital and Rainmatter The post KARBAN raises

Omni-channel FMCG brand Adukale has raised Rs 11 crore (approximately $1.32 million) in its pre-Series A round led by Force Ventures, backed by marquee investors like Aanya Ventures, Subrata Mitra, Radhika Pandit among others. With this funding, the firm plans to scale the outlets, expand the distribution network and invest further in manufacturing and R&D Continue reading Adukale raises Rs 11 Cr in pre-Series A led by Force Ventures The post Adukale raises Rs 11 Cr in pre-Series A led by Force

PayU has received in-principle approval from The Reserve Bank of India (RBI) to operate as a payment aggregator. The nod will also allow the fintech firm to onboard new merchants on its platform. Back in January 2023, the apex banking body (RBI) had asked PayU to reapply for the license and consequently, the Prosus-controlled firm Continue reading PayU to onboard new merchants as it gets PA license from RBI The post PayU to onboard new merchants as it gets PA license from RBI appeared first on

SaaS-based logistics management platform FarEye showcased a modest 42% year-on-year growth during the fiscal year ended March 2023 but the firms losses worth Rs 243 crore flattened from the previous fiscal year but remained high. FarEyes revenue from operations grew 41.8% to Rs 139 crore in FY23 from RS 98 crore in FY22, its consolidated Continue reading FarEye spent Rs 361 Cr to earn Rs 139 Cr in FY23 The post FarEye spent Rs 361 Cr to earn Rs 139 Cr in FY23 appeared first on Entrackr .

Flipkart Ventures has invited applications for the third cohort of its accelerator programFlipkart Leap Ahead (FLA). As per Flipkart Ventures, the selected companies that leverage GenAI in their core solutions across sectors will receive equity investments between $200,000 and $500,000. Early-stage tech startups can submit their applications from April 22 to May 26, 2024. As Continue reading Flipkart Ventures to focus on Gen AI startups in third accelerator program The post Flipkart Ventures to

Co-working solutions provider Awfis has received the final nod from securities and exchange board of India (SEBI) for its initial public offering (IPO), the market watchdog notified on Tuesday. The Delhi-based firm had filed its draft red herring prospectus (DRHP) with SEBI for IPO in December last year. The firm had proposed to raise funds Continue reading Awfis, TBO receive final nod from SEBI for IPO The post Awfis, TBO receive final nod from SEBI for IPO appeared first on Entrackr .

Neo-banking platform Open turned unicorn after a $50 million funding led by IIFL along with the participation of Tiger Global in May 2023. Despite the eminent status and significant funding, the scale and bottom line of the seven-year-old firm remained questionable as its enterprise value to revenue multiple stood at 260X until March 2023 (FY23). Continue reading Seven-year-old unicorn Open struggles to match deeds to reputation The post Seven-year-old unicorn Open struggles to match deeds to r

Deeptech startup Nabhdrishti Aerospace has raised Rs 3 crore in its pre-seed round led by IIMA Ventures (Formerly IIMA-CIIE). The proceeds will be used to develop fuel flex combustor prototype via thorough testing on the fuel injector and combustor, the company said in a press release. This will enable the company to showcase the proprietary Continue reading Nabhdrishti Aerospace raises pre-seed round led by IIMA Ventures The post Nabhdrishti Aerospace raises pre-seed round led by IIMA Ventures

Tech-enabled delivery company BluWheelz has raised $1 million in a bridge funding round led by Venture Catalysts. The round also saw participation from FAAD, LetsVenture, and Chakra Growth Fund. Founded by Apoorva Ranjan Sharma, BluWheelz operates in 18 cities with a fleet solution covering two-wheelers, three-wheelers, and four-wheelers. The startup claims to have a fleet Continue reading Venture Catalysts leads $1 Mn bridge round in BluWheelz The post Venture Catalysts leads $1 Mn bridge roun

Bharat-focused franchise-led grocery chain Apna Mart managed to grow its topline by over eight-fold during the fiscal year ending March 2023. But this growth was fueled by aggressive spending on promotions, manpower, and employee benefits. Apna Marts revenue from operations surged 770% to Rs 32.2 crore during FY23 in comparison to Rs 3.7 crore in Continue reading Apna Mart, the D Mart for Indias smaller cities, grows 770% in FY23 The post Apna Mart, the D Mart for Indias smaller cities, grows 7

Ankur Jain, the former chief product officer of fintech company BharatPe, is set to launch his new startup in the field of AI healthcare, sources aware of the development told Entrackr. Ankur Jains Jivi.ai is expected to go live with its public launch this month, said one of the sources requesting anonymity. The founding team Continue reading Exclusive: Former BharatPe CPO Ankur Jain to launch new startup Jivi.ai The post Exclusive: Former BharatPe CPO Ankur Jain to launch new startup Jivi.ai a

Space tech startup Dhruva Space has raised $15 million (Rs 123 crore approximately) in its Series A round from Indian Angel Network Alpha Fund and Blue Ashva Capital, as well as Silverneedle Ventures, BIG Global Investment JSC (BITEXCO Group) IvyCap Ventures, Mumbai Angels, and Blume Founders Fund. The fundraise also includes a Rs 10 crore Continue reading Dhruva Space raises $15 Mn in Series A round The post Dhruva Space raises $15 Mn in Series A round appeared first on Entrackr .