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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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Oyo acquires Europe-based Direct Booker

Hospitality giant Oyo announced that it has acquired Europe-based vacation rental company Direct Booker for about $5.5 million. This appears to be the first acquisition by the SoftBank-backed company since the first wave of Covid-19. This acquisition will strengthen Oyo’s presence in Europe broadly and Croatia specifically where it already has nearly 1,800 vacation homes […]

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Broadband player Excitel raises $11.5M equity from existing and new EU investors

Fibre broadband network Excitel has raised $11.5 million in equity from existing and new tech investors based out of Europe. Excitel will use the funds to expand to 100 cities, including Delhi, Hyderabad and Bengaluru, by the end of 2022. The firm also aims to increase its user base to 10 million from its current […]

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Zepto raises $200M in Series D led by Y Combinator Community Fund to expand beyond metros

Quick commerce startup Zepto on Tuesday said it raised $200 million in a Series D round led by the Y Combinator Continuity Fund, which had also led its last funding round less than three months ago. While US-based Kaiser Permanente Ventures joined as a new investor, existing investors, including  Nexus Venture Partners, Glade Brook […]

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Rural vehicle marketplace Tractor Junction nets $5.7M in seed funding from Info Edge Ventures, Omnivore

Noida-based rural vehicle marketplace, Tractor Junction, on Thursday announced that it has raised $5.7 million in a seed round co-led by Info Edge ventures and Omnivore. Existing investors AgFunder GROW Impact Fund and Rockstart AgriFood Fund also participated in the round, along with angels including Vikram Chopra and Mehul Agrawal — the Co-founders of Cars24, […]

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Swiggy launches accelerator programme for delivery partners

Online food delivery company Swiggy has launched an accelerator program that allows its delivery executives to transition into full-time managerial-level jobs with a fixed salary and additional benefits. This is an interesting move, considering that the scope for professional growth in gig economy startups is usually nothing to speak of. Swiggy says it intends to […]

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VideoVerse raises $46.8 Mn in Series B round

VideoVerse, a video-editing SaaS platform formerly known as Toch.ai, has secured $46.8 million in its Series B round led by A91 Partners, Alpha Wave Global and Binny Bansal, who is former co-founder of Flipkart and a current investor in the company. Other investors include Stride Ventures, Innoven Capital, and Pacific Western Bank amongst others. The […]

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Mylo raises $17M in Series B round led by W Health Ventures, Endiya Partners and ITC Limited

Mylo, a full-stack platform for both expecting and new parents, has raised $17 million in its Series B round led by W Health Ventures, a Boston-based digital health investor, ITC, and Endiya Partners. The round also saw participation from Riverwalk Holdings, Alteria Capital, and Innoven Capital. With this round, the total funds raised so far […]

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Content creator platform Rigi.Club raises $10M in Series A round

Rigi, a platform for creators, influencers and celebrities to grow, manage, and monetise their community, announced that it raised $10M in a Series A funding round led by Accel India, Sequoia Capital India, and Stellaris Venture Partners. The round saw the participation of prominent angel investors like Nitish Mittersain (CEO, Nazara), Apaksh Gupta (CEO, OneImpression), […]

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