Ninjacart Launches $25M Seed Fund To Back Agritech Ecosystem
Ninjacart, an Indian agritech platform, has launched an agri seed fund worth $25 million to support emerging and new-age agritech startups. Through this agri seed fund, which is expected to…
Tata Digital-backed Cult.fit Acquires Gold’s Gym India Business
Cult.fit, a Bengaluru-based health and wellness platform, has announced the acquisition of a majority stake in F2 Fun & Fitness India Pvt Ltd, thereby becoming the master franchise partner for…
Economic Survey: Delhi Replaces Bengaluru As India’s Startup Capital
According to the Economic Survey 2021-22, Delhi has replaced Bengaluru as the startup capital of India. Tabled by Finance Minister Nirmala Sitharaman in the Parliament on Monday, the survey highlighted…
NASSCOM Report: India Will Have 200 Unicorns By 2025
According to the latest report by NASSCOM and Zinnov, the Indian startup ecosystem raised $24.1 billion worth of equity investment in 2021 and is all set to grow to 200…
Shiprocket Acquires B2B Logistics Aggregator Rocketbox
Shiprocket, a tech-enabled logistics aggregator backed by Zomato, has acquired Rocketbox, a B2B logistics aggregator platform, for an undisclosed amount. The deal will help Shiprocket enhance its infrastructure and expand…
E-commerce Unicorn Mensa Brands Acquires Majority Stake In Personal Care Brand Florona
Mensa Brands, India’s first tech-led house of brands, has acquired a majority stake in Florona, a digital-first aromatherapy brand. Florona, launched by Aayush Gupta, is a digital-first personal care brand…
Delhi-based Shiprocket To Acquire 75% Stake In Wigzo Tech
Shiprocket, a logistics aggregator backed by Zomato, is all set to acquire a 75% stake in Delhi-based Wigzo Tech for a valuation of around $20-25 million. According to sources, the…
Edtech Unicorn upGrad to acquire Gurugram-based Talentedge
Edtech unicorn upGrad has announced that it is set to acquire Gurugram-based Talentedge, which is India’s fourth-largest online higher education company, for around Rs 350-400 crore. The edtech unicorn has…
8i Ventures Raises $50M For Its Fund II, Will Focus On Fintech Startups
8i Ventures, a Mumbai & Bangalore based early-stage fund, has raised $50 million for its Fund II. The fund aims to invest in startups operating in the fintech space as…
Report: India Ranks Fourth Globally For VC Investments In Healthtech Sector Since 2016
According to the latest data from London & Partners and Dealroom.co, India has ranked fourth globally for healthtech investments by venture capitalists (VCs) since 2016. Taking the total investments by…