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Eight Roads Ventures India announces $250M dedicated healthcare, life sciences fund

Global venture capital firm Eight Roads Ventures backed by Fidelity has announced its first India-focused healthcare and life sciences fund of $250 million. The new fund will back 15 to 20 companies in the space, ranging from smaller investments to cheque sizes of up to $40 million. The fund currently has amassed a portfolio of […]

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Eyewear unicorn Lenskart subsidiary Neso Brands raises over $100M in seed round

Neso Brands, a subsidiary of omnichannel eyewear retailer Lenskart, has raised more than a $100 million in seed round from investors including KKR, SoftBank, Alpha Wave Global, and Temasek. In an official release, Neso Brands said it will partner and invest in consumer eyewear brands around the world and grow these brands by leveraging synergies […]

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Flink, the German instant grocery upstart, snaps up France’s Cajoo for ~$93M, takes fresh Carrefour funding, sources say at $5B valuation

Instant grocery startups sprang up and grew like weeds during COVID-19, fueled by consumers opting to practice social distancing and ready to order their food and sundries at the tap of an app, and VCs seeing an gap in the delivery market that had yet to be definitively filled. Now, perhaps inevitably, comes the consolidation. […]

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Marketing data management platform Claravine nabs $16M

Claravine, a self-described marketing data platform, today announced that it raised $16 million in a Series B round led by Five Elms Capital with participation from Grayhawk Capital, Next Frontier Capital, Peninsula Ventures, Kickstart Fund and Silverton Partners. CEO Verl Allen says that the new money, which brings the company’s total raised to $27.9 million, […]

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Optibus taps $100M at a $1.3B valuation for its AI-based mass transit operations platform

Mass transit has made a rebound with the return of city life post-COVID 19, and today a startup that’s building tech to help it run more smoothly is announcing a big round of funding to meet the rush. Optibus, which uses AI to help public transportation bodies and their mass transit partners plan and operate […]

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Nigeria’s Topship raises $2.5M from Flexport and YC to help merchants with international shipping

African merchants encounter many challenges when it comes to international shipping, ranging from logistics and customs to hidden and excessive charges. Digital freight forwarders on the continent have grown to tackle these supply chain issues. In some way, they are taking after the likeness of an $8 billion company and a market leader in the […]

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BharatX raises $4.5 Mn in seed round from YC, others

Consumer credit venture BharatX has raised $4.5 million in a seed round from Y Combinator, 8i Ventures, Multiply Ventures, Soma Capital and other investors. Existing investor Java Capital also participated in the round. The funds raised will be used to build & expand the team, enhance & develop the product further and for market expansion, […]

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Revoh Innovations raises $150K in seed round

IIT-Madras-incubated electric vehicle sub-component manufacturing startup Revoh Innovations has raised funds $150,000 from angel investors Vel Kanniappan and Ravi Renganathan in a seed round. The proceeds will be used in R&D, manufacturing, and operations based out of IIT-M Research Park and is looking forward to setting up a standalone manufacturing facility. Founded by Vignesh D, […]

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Health and wellness platform FlexifyMe raises seed round

Health and wellness platform FlexifyMe has raised $300,000 in a seed funding round. The round saw participation from prolific investors including Ravi Bhushan, Founder & CEO, BrightChamps, Amit Ratanpal, Founder, Blinc Management, Sachin Anand, Sales Director APJ, Intel, and Dipen Shah, Managing Director, VAG-group, amongst others. The newly raised funds will be used to acquire […]

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Retail tech startup NutriTap raises $1.5 Mn in Pre-Series A

Retail tech startup NutriTap Technologies has raised about $1.5 million in a pre-series A round from Venture Catalysts, LetsVenture, IK Capital, Elysian Fintech and a few marquee HNIs from the retail industry. The capital raised will help the company to ramp up in-house technology, invest in R&D and grow its presence across sectors and cities. […]

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