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Google backs Progcap, a startup delivering working capital to small retailers in India

Google has invested in Progcap, an Indian startup that provides working capital to small and medium-sized businesses, the firms said Tuesday, making a new push into a category that has attracted the attention of Facebook and Amazon in recent years. The investment is part of a $40 million fresh funding Progcap has raised, it said. […]

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Incredibuild powers up with $35M to boost its distributed, faster approach to games and software development

Incredibuild, an Israeli startup that has picked up a lot of traction in the worlds of gaming and software development for a platform that drastically speeds up (and reduces the cost of) the shipment of code and related collateral during building and testing — has raised some capital to speed up its own development. The […]

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Purple Style Labs raises $10M in Series B led by Akash Bhansali, Madhuri Dixit Nene

Luxury fashion ecommerce platform Purple Style Labs, owner of Pernia’s Pop-Up Shop, on Monday said it raised $10 million in a Series B round led by Akash Bhansali (Director, Enam Holdings). The round also saw participation from Madhuri Dixit Nene (Actor), Navroz Udwadia (Co-founder, Alpha Wave Global), Yuj Ventures/Sid Yog (Founder, Xander Group), Rahul Garg […]

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Fintech unicorn Slice to raise Rs 200 Cr via NCDs

Fintech unicorn Slice has received shareholders’ approval to raise Rs 200 crore by allotting Non-Convertible Debentures (NCDs). According to the Registrar of Companies (RoC) filings accessed by YourStory, the fintech startup, at an extra ordinary general meeting, took shareholders’ approval to issue non-convertible debentures (NCDs), including market-linked debentures on a private placement basis up to […]

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B2B digital marketplace Solv raises $40M in funding led by SBI Holdings

Solv, a B2B digital marketplace for MSMEs, has raised $40 million (over Rs 300 crore) in its latest round of funding led by marquee investor SBI Holdings, with participation from SC Ventures, which has been an incubator and early-stage investor of Solv. This round of fundraise takes Solv’s total funding to nearly $80 million. The […]

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Battery Smart raises $25M in Series A round led by Tiger Global

New Delhi-based battery-swapping network for electric vehicles Battery Smart on Monday announced that it has closed a Series A round of $25 million. The funding was led by Tiger Global, along with participation from Blume Ventures and Orios Ventures. In November 2021, the startup raised $7 million in a Pre-Series A round led by Blume […]

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Spry raises $7 Mn in fresh round

Healthtech startup Spry has raised $7 million in a new round from Eight Roads Ventures with participation from F-Prime Capital and existing investor Together Fund. The startup has raised over $10 million to date. The firm will use the capital to build practice management for physical rehabilitation. Founded in 2021 by Brijraj Bhuptani, and Riyaz […]

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Lumikai Fund leads $1.25 Mn seed round in CloudFeather Games

CloudFeather Games, a real money gaming platform, has raised $1.25 million in its seed round led by Lumikai. Venture Highway and angels including Maninder Gulati (Global Chief Strategy Officer, OYO) and Manish Agrawal (CEO, Nazara Technologies) also participated in the round. The firm will use the seed funding to increase hiring. Started by Romi Chandra […]

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SATYA MicroCapital raises $15M led by Japan-based Gojo and Company Inc

Delhi-based Satya MicroCapital Limited, a micro-finance firm focused on underbanked population and micro-enterprises, recently raised fresh funding worth $15 million led by existing Japan-based investor Gojo and Company Inc. Of the total capital raised, debt raise constituted $8 million, while $7 million was allocated to equity. SATYA said it plans to use these funds to […]

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Microfinance lender Annapurna Finance raises $15M from Proparco

Bhubaneshwar-based micro finance lender Annapurna Finance has raised $15 million from Proparco, private-sector financing arm of French Development Agency (AFD), in a Series A2 funding round. This is the fourth capital raise by Annapurna in the last 15 months, taking the total capital infusion to $100 million. In March 2021, the company had raised $30 […]

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