MedPlus In Talks To Raise Funds From Warburg Pincus
Pharma retailer MedPlus is reportedly in talks with Warburg Pincus, a private equity firm, to raise INR 1,500 Cr ($203 Mn) funding in a mix of debt and equity for a minority stake. With this funding, the omnichannel retailer is looking to take on other players in the E-pharmacy space […]
NBFC Moneyboxx Finance Raises Rs 10Cr From Caspian, BlackSoil, And Others
BSE listed NBFC Moneyboxx Finance Ltd (MBFL) has raised Rs 10 crore from three NBFCs — Caspian Impact Investments, BlackSoil Capital, and Ashv Finance Pvt Ltd. Moneyboxx plans to use the funds to support its disbursement target of Rs 75 crore in the current fiscal, which will be two times […]
Online Restaurant Company ‘Rebel Foods’ Picks Up 14% Stake In ‘FoodyBuddy’
Rebel Foods, an Indian online restaurant company, has picked up a 14% stake in hyperlocal food networking firm FoodyBuddy. As per regulatory filings, Rebel Foods has invested Rs 5 crore in FoodyBuddy, taking its stake to 26% in the Prime Venture Partners-backed food networking platform. Founded by Akil Sethuraman, Rachna […]
Cisco Launches ‘Agri Challenge’ For Agritech Startups With Prize Purse Of Rs 2Cr
In a bid to innovate and find solutions for 10 million small farmers, The/Nudge CSI (Centre for Social Innovation), in association with the government of India, is organising the ‘Cisco Agri Challenge’. Aimed at helping startups develop, test, and scale solutions, the challenge has a prize purse of Rs 2 […]
Bengaluru-Based Pixxel’s First Satellite ‘Anand’ To Be Launched In February 2021 On ISRO’s PSLV-C51 Mission
Just two weeks after satellite imaging startup Pixxel joined hands with NewSpace India Limited (NSIL) for launching its satellite, it received another good news. Recently, Indian space agency ISRO announced that Pixxel’s first satellite ‘Anand’ will be launched in its PSLV-C51 (polar satellite launch vehicle) mission in early 2021. Announcing […]
Collaborative Marketing & Analytics Startup ‘OnlineSales.ai’ Raises Pre-Series B Funding
OnlineSales.ai, a collaborative marketing & analytics startup, has raised an undisclosed amount in its Pre-Series B funding round from multiple institutions and angel investors. The investors include IvyCap Ventures, Core91 VC, Vivek Bhargava, Ramakant Sharma, and Saurabh Dangwal, Samrat Zaveri, among others. Founded in late 2017 by Ashish Mehta and […]
Cricketer Yuvraj Singh Backed Healthcare Startup ‘Wellversed’ Acquires ‘Sportfit’
Backed by cricketer Yuvraj Singh, Delhi-based healthcare and nutrition startup Wellversed has acquired fitness coaching company Sportfit, for an undisclosed amount. With this acquisition deal, the healthcare and nutrition startup aims to scale and strengthen its health transformation programme by incorporating Sportfit’s proprietary coaching methodology and technology for diet and […]
Online Exchange For Trade Receivables ‘M1xchange’ Raises $4.5 Million In Funding
M1xchange, an online exchange for trade Receivables, has raised $4.5 million (about Rs 33 crore) in funding from BEENEXT Asia, Singapore, and existing investor Mayfield. As per the startup, it will use the funds to expand its network across India and emerge as a comprehensive supply chain finance leader. Started […]
Early-Stage Investment Firm ‘Venture Catalysts’ Aims to Invest ₹1,000 Cr In Startups Next Year
Early-stage Investment firm Venture Catalysts Group closed 102 deals this year compared with 63 deals in 2019. Despite disruptions caused by COVID-19, Venture Catalysts maintained its leadership position in the Indian early-stage startup investments. Supporting the Indian startup ecosystem, VCats has invested over Rs 700 crore through syndication in several […]
Observability Platform ‘LOGIQ’ Raises $1.8M In Seed Funding By Leo Capital
Bengaluru and US-based LOGIQ, an observability platform for IT administrators and DevOps teams, has raised $1.8 million in its first institutional seed funding round, led by Leo Capital. As per the startup, it plans to use the funds to expand its AI/ML capabilities and onboard more customers. Founded in 2019 […]