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Softbank-backed Lenskart picks majority stake in Owndays

Lenskart, the SoftBank-backed omni-channel eye-wear retailer, has picked up a majority stake in Owndays – Japan’s direct-to consumer eyewear brand. The acquisition will expand Lenskart’s presence to 13 markets in Asia, including Singapore, Thailand, Taiwan, Philippines, Indonesia, Malaysia, and now Japan. As a part of the deal, the majority shareholders of Owndays – L Catterton […]

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Nautical Commerce sails away with new funding to bring marketplace tech to the masses

E-commerce marketplaces are big businesses. It was estimated that some $3.2 trillion was spent globally on the top marketplaces in 2021, with those like Taobao, Tmall and Amazon accounting for over 60% of the activity, according to research firm Digital Commerce 360. With that number expected to grow 14% per year, Nautical Commerce wants to […]

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Kukua, creators of ‘Super Sema,’ raises $6 million, led by Alchimia and Tencent

Kukua, a Nairobi- and London-based educational entertainment company and the creators of “Super Sema,” the first African animated superhero franchise, has raised $6 million in its latest round of investment. Tencent, which made its first African edtech bet in Nigeria’s uLesson last December, co-led this Series A round with Italy-based VC Alchimia. Other investors include […]

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Entrepreneur First raises $158M at a $560M valuation, adding Stripe’s Collison brothers to its list of backers

Entrepreneur First made a name for itself a decade ago in its home base of London, and then further afield, for the novel approach it takes to tech investing: Rather than seek out interesting, scaling startups like typical VCs, it backs founders and their very, very early-stage startup ideas — so nascent in fact that […]

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Social care SaaS maker Birdie tops up with $30M

Birdie, a U.K.-based caretech software-as-a-service maker, has closed a $30 million Series B funding round led by investment firm Sofina, with Omers Ventures and Index Ventures also participating — the latter reupping its backing after leading Birdie’s Series A last year. Max Parmentier, co-founder and CEO of Birdie, said the latest tranche of funding will […]

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Retail tech platform Arzooo raises $70M in Series B round

Bengaluru-based B2B retail tech firm Arzooo on Wednesday has raised $70 million in a new round from SBI Investment, Japan and Trifecta Leaders Fund. Tony Xu, the Founder of Doordash, has also participated in the current round, marking his first investment in India. Speaking on the funding, Khushnud Khan, Co-founder and CEO, Arzooo, said, “We’re […]

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BNPL platform ZestMoney raises Rs 20 Cr in debt

Buy Now, Pay Later (BNPL) platform ZestMoney has raised Rs 20 crore in debt by issuing non-convertible debentures (NCDs) through private placement to its existing investor Alteria Capital. The company has passed a resolution to approve the allotment of 2,000 Series F2 unlisted, secured, redeemable non-convertible debentures having face value of Rs 1 lakh per […]

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Bertelsmann dedicates $500M to invest in Indian startups

Bertelsmann India Investments (BII), the venture capital arm of German media company Bertelsmann, has announced a new fund of around $500 million to invest in new startups as well as follow-on investments. Established in 2012, BII is a sector-agnostic fund which largely focused on Series B stage investments but is now foraying into the early-stage […]

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Fintech startup Progcap raises $40M as part of Series C, secures $70M in total for the round

Corporate financing startup Progcap said on Tuesday it raised $40 million in its Series C round from investors, including Creation Investments and Tiger Global. Further, existing investor Sequoia Capital India participated in the latest round, while Google joined Progcap’s cap table. Earlier, the startup had raised $30 million from Tiger Global and Creation Investments. With […]

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