Delhivery funding

delhivery funding

E-commerce logistics startup, Delhivery has raised $277 million in a fresh funding round led by American firm Fidelity. This round is suspected to be the last before the company launches its IPO which is planned for later this year. The latest funding will take the startup’s valuation to $3 Billion. The round also saw participation […]

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Vernacular.ai funding

vernacular ai funding

Voice-based and AI-driven start-up Vernacular.ai has raised $25 million in a Series B funding round from WestBridge Capital.  With this round, the valuation of the company will increase to $100 million. The startup will have raised over $30 million in funding so far. The Bengaluru-based platform had raised $5.1 million in a Series A round […]

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ThatMate funding

thatmate funding

Sexual and mental wellness app for teenagers, ThatMate has raised $140,000 in angel funding from Rebalance Angel Community and a slew of angels. The Ministry of Electronics and Information Technology (MeitY) also invested in the startup as part of its TIDE 2.0 scheme. Angels who participated in this round  were Premanshu Singh (CEO, Paytm Insurance), […]

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Jai Kisan funding

jai kisan funding

Fintech startup Jai Kisan has raised $30 million in a Series A round led by Mirae Assets. The round also saw participation from existing investors Blume Ventures, Arkam Ventures, NABVENTURES (NABARD), Prophetic Ventures, Better, other global investors, and prominent HNIs along with Syngenta Ventures.  Blacksoil, Stride Ventures, and Trifecta Capital offered the debt in the […]

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[Weekly funding roundup] Venture investments in startups continue to grow

Although it started slow, the month of May has ended well for the Indian startup ecosystem after the total venture funding reached a three-figure mark.  The last week of the month recorded a venture funding of $403 million as compared to $285 million in the previous week. There were 16 venture deals during the week, […]

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Zerodha plans ESOPs buyback at $2B valuation

zerodha esop buyback

Zerodha is planning another buyback for employee stock ownership plan (ESOPs) in 2021, at a valuation of $2 Bn. The company’s CEO and cofounder Nithin Kamath announced the development on Twitter on May 28. Zerodha had executed an ESOPs buyback drive last year, where it bought shares worth INR 65 Cr at a valuation of […]

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Khatabook in discussions to raise $100M

khatabook funding

Khatabook is in discussions to raise funds from new and existing investors, three people aware of the development revealed. The news comes at a time when its competitors like Dot have raised a new round while Dukaan is set to raise up to $30 million in a round led by Tiger Global. “Khatabook has been […]

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Plum Insurance funding

plum insurance funding

Enterprise-focused group insurance platform Plum Insurance has raised $15.7 million in a new round led by Tiger Global. The company has raised more than $20 million so far. The 15-month-old startup has approved the allotment of 37,970 Series A preference shares at an issue price of Rs 29,976.83 per share to raise Rs 113.82 crore […]

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Unacademy to raise funds from Temask

udemy funding

Ed-tech unicorn Unacademy is in talks to have Temasek as a backer for its new round of funding. The news comes after Unacademy had onboarded social networking giant Facebook and Japan’s SoftBank Vision Fund last year. Unacademy had accelerated its campaign with a view to raising anywhere between $300-400 million, as it is looking at […]

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InVideo in discussions to raise $40M at $200M valuation

invideo editing

InVideo, a video production and editing platform is in discussions to raise a Series B round from new and existing investors, said three people with knowledge of the development. The fresh proceeds will come for the San Francisco-based firm just after seven months since their last round. “A new investor would spearhead InVideo’s $40 million […]

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