IRDAI Allows Indian Insurance Companies To Invest In Startups Via Fund Of Funds
To provide more capital options to the growing Indian startup ecosystem, the Insurance Regulatory Development Authority of India (IRDAI) has allowed Indian insurance companies to invest in fund of funds (FoF). IRDAI added that insurers are prohibited from investing in fund of funds that invest in overseas companies or funds. Talking […]
Gaming Platform WinZO Games Raises $9.5 Million In Debt Funding
WinZO Games, a real-money gaming platform, has raised Rs 69 crore or $9.5 million in debt round from Courtside Ventures, Makers Fund and The Stuart Partners. First reported by Entrackr, the regulatory filings reflected that WinZO would use the proceeds for paying off the proposed buyback of equity securities. Also, […]
VC Firm Speciale Invest Plans To Invest In Around 18-20 Seed-Stage Startups
Speciale Invest, a domestic micro-venture capital fund that invests in seed-stage startups, has raised Rs 140 crore in its second fund. As per the VC firm, the second fund exceeded its target and received backing from the limited partners of its first fund. Started by Vishesh Rajaram and Arjun Rao […]
OneCard Raises $10 Million In Funding Led By QED Fund
OneCard, a mobile-first credit card owned by FPL Technologies, has raised $10 million in its extended Series B funding round, making it the second fund infusion in the Pune-based company in the past two months. With this latest round of funding, OneCard has garnered $35 million in the Series B […]
Fintech Platform U GRO Capital Partners With SBM Bank India To Launch Credit Card For MSMEs
U GRO Capital, a fintech platform focused on addressing the capital needs of small businesses, announced the launch of the GRO Smart Business credit card. The fintech platform has launched the GRO Smart Business credit card powered by RuPay, along with EnKash, in partnership with SBM Bank India for the […]
Gurugram-Based Online Used Car Retailing Startup Spinny Raises $65 M In Series C Round
Spinny, a Gurugram-based online used car retailing platform, has raised $65 million in a Series C funding round led by silicon valley based venture capital firm General Catalyst. Other new investors in the round include Think Investments and Feroz Dewan’s Arena Holdings. Also, existing investors Elevation Capital, the Fundamentum Partnership, […]
D2C Brand Rage Coffee Raises Undisclosed Amount In Pre-Series A Funding Round
Delhi-based D2C (direct-to-consumer) brand Rage Coffee has raised an undisclosed amount in pre-Series A funding round from a clutch of investors led by Refex Capital. Marquee investors, including 9 Unicorns Venture Capital Fund, CC One Venture Labs, Spotlight Capital, Evolvx Advisory, Emarson Computers, Darshan Deora, and KRS Jamwal, also participated […]
SaaS Startup Karnival Raises $250K In Seed Funding
Karnival, a Bengaluru-based SaaS customer engagement platform, has raised $250,000 in seed funding led by startup investment platform We Founder Circle (WFC). The funding round also saw participation from marquee investors, including Krishna Kumar (Founder-Simplilearn), Shashwat Kumar (Khetal Advisors Singapore), Dravya Dholakia (Dholakia Ventures), and corporate leaders such as Dinesh […]
Indian Cryptocurrency Exchange WazirX Announces A Marketplace For NFTs
WazirX, a cryptocurrency exchange, has announced a marketplace for Non-Fungible Tokens or NFTs. The company, in a release, said, using the marketplace, Indian artists can auction their digital assets such as art pieces, videos, programs, audio files, and even tweets. NFT is an acronym for a non-fungible token and is […]
Tech-Enabled Car Service Startup Pitstop Raises $3.5M In Pre-Series B Funding Round
Tech-enabled multi-brand car service provider Pitstop has raised $3.5 million in a pre-Series B round led by Ventureast, along with ACKO Technologies, AngelList India, LetsVenture, and Blume Ventures, among others. As per the startup, it will use the funds to strengthen its end-to-end car maintenance operations in the existing cities. […]