Market News

Gurugram-based Defence robotics startup, Sharang Shakti, has received Rs 5 crore in a pre-seed funding round co-led by Amsterdam-based AUM Ventures and Venture Highway, along with participation from JK Group’s family office and other angel investors. The funding will be utilised for product development and expanding the team. Sharang Shakti, co-founded in 2023 by Karan […]

Mumbai, June 22, 2023 – Capital A, a venture capital firm known for cultivating innovative startups, has announced the launch of its second fund with a target corpus of ₹400 crore. Building on the success of its first fund, which supported a range of forward-thinking ventures, Fund II will specifically focus on investing in sectors […]

Noida-based edtech company Physics Wallah has secured $210 million in a Series B funding round, led by Hornbill Capital, with participation from Lightspeed Venture Partners, GSV, and WestBridge. The company’s post-money valuation has now reached $2.8 billion, a significant 2.5X increase from its previous valuation of $1.1 billion. According to Physics Wallah, the new funding […]

Mumbai, India: Aye Finance, a leading microlending platform, has announced that it has raised Rs 250 crore ($30 million) in a Series G funding round led by Singapore-based impact investor ABC Impact. This investment is the first for ABC Impact’s Fund II and marks a significant milestone for the firm, boosting its assets under management […]

Mumbai-based education loan-focused fintech startup GrayQuest has secured a funding boost of Rs 53 crore ($6 million) in its Series B round led by Pravega Fund and IIFL Fintech Fund. The Mumbai-based startup also received investment from its founder, Rishab Sumer Mehta, taking its valuation to around Rs 530 crore ($64 million). As part of […]

Bookmybai, a prominent domestic help service provider, has successfully raised Rs 2 crore in its pre-Series A round led by Inflection Point Ventures. This strategic investment will enable the company to expand its operations to new locations and on-board approximately 50,000 additional housemaids, significantly strengthening its network and service efficiency. Launched in 2016 by Anupam […]

M2P Fintech, a Chennai-based company that offers Application Programming Interface (API) infrastructure, has secured funding of Rs 417.5 crore ($50 million) from new investor Taj Investment Holdings. The company plans to utilize these funds for expansion and working capital needs. This funding round values the company at around $800 million, as reported by TheKredible, a […]

Singapore-headquartered home interior and renovation platform Livspace has reported a modest 14.78% growth in scale during the fiscal year ending March 2024, notwithstanding its 85% year-on-year growth in FY23. The Bengaluru-based company’s revenue from operations increased to Rs 1,185.7 crore in FY24 from Rs 1,033 crore in FY23. Key Highlights Challenges Ahead Livspace’s plans to […]

In a significant development, NowPurchase, a cutting-edge SaaS-enabled marketplace for metal manufacturers, has secured $6 million in equity and debt funding led by Info Edge Ventures. Additionally, Orios Ventures Partners, 100 Unicorns, VC Grid, and prominent family offices and angel investors such as Dholakia Ventures, Real Ispat Group, Subhrakant Panda, Ankur Warikoo, Kedar Lele, Capsave […]

Bengaluru-based startup Vahan.ai, a blue-collar recruitment platform, has secured $10 million in its Series B funding round led by Khosla Ventures. The fundraising round also saw participation from Y Combinator, Gaingels, and Paytm founder Vijay Shekhar Sharma. Vahan.ai, Which Conducts AI-powered interviews in eight major languages, plans to utilize the fresh funding to expand its […]