Report: Several Indian Startups May Lose Their Unicorn Status
Because of decreased funding and a reduction in late-stage deals, several Indian startups may lose their unicorn status soon. Several experts stated that startup founders are trying to avoid raising money due to unfavourable market conditions. Those startups who have already taken the “plunge” may lose their unicorn status, per […]
Climate-Focused Neev II Fund Invests In Gurugram-based Hygenco
Neev II Fund, a climate and sustainability-focused SME fund, has announced an undisclosed amount of investment in Gurugram-based Hygenco Green Energies Pvt. Ltd. While the fund kept the amount undisclosed, as per the British government’s official website, Hygenco received funding of about £22 million (around Rs 210 crore). The Gurugram-based […]
Kinara Capital Raises Around Rs 200 Cr In Fresh Equity From BII, Others
Kinara Capital, an MSME fintech empowering India’s small business entrepreneurs, has announced the close of a fresh equity round of around Rs 200 crore led by British International Investment (BII). The funding round also saw participation from existing equity investors Nuveen and the ASN Microcredit Fund advised by Triple Jump. As […]
AI-based Chip Startup SiMa.ai Raises Fresh Funding
SiMa.ai, an artificial intelligence-based chip startup, has raised $37 million in a Series B1 round from Dell Technologies’ founder-backed MSD Partners. The funding round also saw participation from existing partners- including Fidelity Management & Research Company, Alter Venture Partners, Dell Technologies Capital, Wing Venture Capital, Amplify Partners, +ND Capital and […]
Chennai-based GoFloaters Raises Undisclosed Amount In Seed Funding
GoFloaters, a Chennai-based hybrid workplace platform, has raised an undisclosed amount in a seed funding round from Loyal VC, a Canada-based global venture fund with investments in more than 50 countries. As per the startup, the raised funds will be used to expand and boost its unified hybrid workplace solution, […]
Dehradun-based FMCG Brand Himshakti Raises Pre-seed Funding
Himshakti, a Dehradun-based FMCG company, has raised Rs 17 lakh in a pre-seed funding round from Artha Venture Fund and IIM Kashipur. Angel investors Anand Kumar of Pier Counsel and Varun Agrawal of StarClinch, also participated in the funding round. With this deal, IIM Kashipur has entered into an MoU […]
Online Dispute Resolution Startup Sama Raises Seed Funding
Sama, a legal tech company enabling government bodies, companies and individuals to resolve their legal disputes online, has raised an undisclosed amount from Campus Fund in a seed funding round. As per the startup, it will use the seed funds to expand its market presence, scale the core team and […]
CyberSecurity Platform BluSapphire Raises $9.2 Million In Fresh Funding
BluSapphire Cyber Systems, a full-stack cybersecurity platform, has raised $9.2 million as part of its Series A round led by Barings Private Equity India. The funding round also saw participation from cross-border VC firm Dallas Venture Capital, RPG Ventures, and Binny Bansal backed xto10x. As per the startup, the raised […]
Agritech Startup DeHaat Raises Rs 366 Cr In Series E Round
Agritech platform DeHaat has raised Rs 366.6 crore in a funding round led by Sofina Ventures. The funding round also saw participation from RTP Global Partners, Prosus, and Lightrock India. DeHaat’s board has passed a special resolution to 2,69,192 Series E preference shares at an issue price of Rs 13,620 […]
SaaS Firm Impact Analytics Raises $10 Mn From Argentum Capital Partners
Impact Analytics, a software-as-a-service (SaaS) startup, has raised $10 million (around Rs 82.6 crore) as a part of its Series B funding round from its existing investor Argentum Capital Partners. As per the startup, the raised funds will be deployed to scale up its artificial intelligence-led forecasting products as well […]