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ETtech Deals Digest: Another lacklustre week as VCs weigh options

This was the third week in a row where startups could not attract big-ticket investments as VCs continue to weigh their options amid tightening macroeconomic conditions and an overall inflationary environment. Automation startup WebEngage raised $20 million in the largest fundraise of the week. WebEngage raises $20 million in funding led by Singularity Growth Market […]

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Fintech platform Scripbox makes strategic investment in Pune-based Wealth Managers

Online wealth management platform Scripbox has made a strategic investment in Pune-based wealth advisory platform Wealth Managers. Scripbox declined to comment on the size of the deal. This is expected to bolster its geographical presence, expand customer base and offer digital solutions to Wealth Managers’ clientele. Over the past six months, Scripbox has actively focused […]

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Eyestem raises $6.4 million in Series A funding from Biological E, Alkem, others

Eyestem, a Bengaluru-based cell therapy startup, has secured $6.4 million (Rs 51 crore) in a Series A round-headed by three pharma giants: Biological E Limited (BE), Alkem, NATCO, and Kemwell Biopharma entrepreneurs Anurag and Karan Bagaria. Endiya Partners and Kotak Private Equity, both existing investors, also participated in the financing round, valuing Eyestem at $46.4 […]

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Tiger Global-Backed Packaging Startup Bizongo bags $25 million in funding

Bizongo, a B2B packaging firm, has secured $25 million in investment from Mars Growth Capital, a division of Liquidity Group. The cash will be used to extend the company’s foothold in Southeast Asia plus build its supply chain client base. Bizongo, situated in Mumbai, was formed in 2015 by IIT grads Ankit Tomar, Sachin Agrawal, […]

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Northern Arc Capital raises $25M in ECB from Proparco

Northern Arc Capital, one of India’s most diverse financial services platforms, announced today that it has completed a $25 million External Commercial Borrowing deal with Proparco. Proparco is Agence Française de Développement Group’s private sector lending division (AFD Group). The AFD Group is a public financial company owned by the French government that carries out […]

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ISRO provides Rs 50L in R&D support to 6 startups

Dr. Jitendra Singh, Union Minister of Science and Technology, indicated in a written response to the Lok Sabha that six startups have received funding of Rs 50 lakh each for research and development activities under the ANIC-ARISE 1.0 initiative, which was launched in 2020. The ANIC-ARISE program was created to assist startups with their research […]

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Cybersecurity startup watchTowr raises $8 million in its pre-Series A round

Singapore based cybersecurity startup watchTowr recently raised $8 million in its pre-Series A round with contributions from five Indian angel investors including Saket Agarwal of Onnivation, Gaurav Gupta of FarFetch, Bikram Singh Bedi of Google India, and Gaurav Samdaria of Karza Technologies, alongside global investors including Prosus Ventures and Vulcan Capital. To discuss the potential […]

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MeitY Partners LetsVenture To Invest In Early-Stage Startups Under SAMRIDH Scheme

Investor syndicate platform LetsVenture has partnered with MeitY Startup Hub to fund early-stage startups up to USD 100,000 under the SAMRIDH Scheme. The VC firm said it was selected under the SAMRIDH Accelerator program earlier this year. Under the accelerator program, LetsVenture Foundation will support 8 startups in the first phase, it added. The foundation […]

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The Bacon $8M Series A-1 Financing Round

PROVO, UT, The Bacon on-demand workforce app has received $8 million in Series A-1 funding. The Bacon on-demand workforce app has received $8 million in Series A-1 funding from some of the nation’s premier investment firms-as well as a former gig worker who is now investing in the company he credits for his comeback. The […]

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