Report: Fintechs In India Raised Around $10 Bn In The Last Decade
According to the report titled ‘100 Unicorns: India’s changing corporate landscape’, Indian fintechs have attracted close to $10 billion in equity capital funding over the past decade. Digital payments and lending startups were the largest recipients in this sector, as per the report by Credit Suisse, a global wealth management […]
Elevation Capital Partners With Think Investments To Create SPAC Route For Indian Startups
Elevation Capital (formerly SAIF Partners) has partnered with San-Francisco-headquartered Think Investments LLC to float a blank check company called Think Elevation Capital Growth Opportunity. Think Elevation Capital Growth Opportunity will be focused on Indian technology companies looking to list in the US. In its filing, Think Elevation Capital Growth Opportunity […]
Bike Rental Startup Tilt Raises $125,000 From Y Combinator
Tilt, a Bengaluru-based startup that provides EV and bicycle bike-share for residential townships and corporate manufacturing plants, has raised $125,000 from Y Combinator and an additional undisclosed round from a set of angels. Founded in 2018 by Deepak V S, Sudhir Metaliya, Daksh Shah, and Rachit Parikh, Tilt is a […]
Early-Stage Investor India Quotient Invests In NeoDove
NeoDove, a sales and marketing automation platform for small and medium businesses (SMBs), has raised $1.5 million in a seed funding round. The funding round was led by early-stage investor India Quotient. The funding round comes in quick succession to the company’s first angel round raised in August 2020. Angel […]
Fintech Startup Rupeek Raises $33 Million In Series-E Funding
Rupeek, an online gold loan platform, has raised $33 million or Rs 239 crore as part of its Series-E funding round led by GGV Capital and four other investors. As per regulatory filings, Rupeek has allotted 2,860 Series E Preference shares at an issue price of Rs 8,34,788 each. Venture […]
Chennai-Based Startup Detect Technologies Expands To South America, Europe
Detect Technologies, a Chennai-based enterprise SaaS startup, has said that it is expanding to South America and Europe. The SaaS startup added that it has now strengthened its presence in five key international markets in the last ten months. Founded by Tarun Mishra, Daniel Raj David, Harikrishnan AS and Karthik […]
Digital Lending Platform IndiaLends Raises $5.1 Million In Funding
IndiaLends, a Delhi NCR-based digital lending platform, has raised $5.1 million in a financing round led by existing investors ACP Partners and DSG Consumer Partners. As per the company, it will use the funds to expand its technology platform, increase its market footprint and amplify its product offerings to meet […]
Report: India Saw Venture Capital Investments Worth $10 Billion In 2020
According to Bain & Company’s latest India Venture Capital Report, released on Wednesday, Venture capital investments in India touched $ 10 billion during the COVID-19 hit 2020. The report said that consumer tech, SaaS, and fintech accounted for nearly 75% of the VC (Venture Capital) investments by value, with consumer […]
Bengaluru-Based Spacetech Startup Pixxel Raises $7.3 Million In Seed Funding
Pixxel, a Bengaluru-based spacetech startup, has raised $7.3 million in a seed funding round from Omnivore and Techstars. Existing investors, including Lightspeed Ventures, Blume Ventures, growX, Ryan Johnson, and others, also participated in the funding round. The present funding follows-up Pixxel’s $5 million seed funding round raised in August 2020. As per […]
European Fintech MODIFI Partners With Silicon Valley Bank To Boost Indian SMBs
MODIFI, a global digital trade finance company for SMEs, has announced a new $60 million debt facility with Silicon Valley Bank (SVB), bringing its total capital raised to $111 million. SVB’s German branch will help in addressing the increasing demand in India and other existing markets. The company, in a […]