Mokobara Raises $12M in Peak XV-Led Round
Direct-to-consumer luggage brand Mokobara has secured $12 million (Rs 100 crore) in a Series B funding round led by Peak XV Partners (formerly Sequoia Capital India). This marks the company’s first funding round in 2024. Existing investors Sauce VC and
Infibeam Avenues Acquires 20% of XDuce for $10M
Infibeam Avenues, a leading AI-powered fintech company, announced today its acquisition of a 20% strategic stake in XDuce for $10 million, valuing the company at $50 million. XDuce, renowned for its enterprise Application and AI development expertise, is based in
Indic Wisdom Raises Rs 4Cr in Pre-Series A
Mumbai-based agricultural produce startup Indic Wisdom has announced the successful raise of Rs 4 crore in a pre-Series A funding round, led by Inflection Point Ventures, a prominent angel investment firm based in Gurugram. The funding round also witnessed participation
Varaha Raises $8.7M in Series A Led by RTP Global
Varaha, a pioneering climatetech startup, has secured $8.7 million in a Series A funding round spearheaded by RTP Global, an early-stage venture capital firm. The financing round also witnessed the participation of existing investors Omnivore and Orios Venture Partners. Notably,
Amazon India Teams Up with GAME to Empower Women Entrepreneurs
E-commerce titan Amazon India has inked a Memorandum of Understanding (MoU) with the Global Alliance for Mass Entrepreneurship (GAME) as part of its Saheli program. The collaboration aims to overhaul the digital e-commerce landscape for women entrepreneurs, particularly in Tier-2,
Smallcase Invests Rs 176 Cr, Earns Rs 31 Cr in FY23
Smallcase, a wealth management startup backed by Amazon, has reported stagnant growth in the fiscal year ending March 2023. However, its losses surged by 40%, reaching Rs 133 crore, primarily driven by a 70% increase in employee costs during FY23.
Yulu secures $19.25 million in funding from Magna and Bajaj Auto
Yulu, an electric two-wheeler company, has secured $19.25 million (approximately Rs 160 crore) in equity funding from its existing investors, Magna and Bajaj Auto Ltd. This additional capital infusion will empower Yulu to sustain its growth momentum and reinforce its
Equirus InnovateX Fund Achieves First Close
Equirus InnovateX Fund (EIF), a pioneering early-stage venture fund dedicated to fostering tech innovation, has achieved a significant milestone by announcing its first close within a mere two months of securing an AIF (Alternative Investment Fund) Category-I license from SEBI
ReFit Global Raises Rs 2 Crore from Shark, Singh, Mittal, Jain
ReFit Global, an up-and-coming player in the Direct-to-Consumer (D2C) refurbished platform arena, has achieved a remarkable feat by securing Rs 2 Crore in funding at an impressive valuation of Rs 200 Crore during its appearance on Shark Tank India Season
Rentomojo Raises Rs 210 Cr Led by Edelweiss Discovery Fund
Rentomojo, a Bengaluru-based startup renowned for its furniture and appliance rental services, has secured a significant boost with a Rs 210 crore ($25 million) infusion in its Series D funding round. The investment drive was spearheaded by Edelweiss Discovery Fund
