August 27, 2022 / by Aditi Pathak / Funding, investment, News, Startup, StartupLanes
According to upGrad’s filings with the Registrar of Companies, a special resolution to increase its ESOP pool by 300,000 options was passed by the edtech business (RoC). The edtech company, UpGrad’s new options are worth Rs 244 crore ($30 million), according to an Entrackr report, while the company’s employee stock value is roughly Rs 2,058 […]
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Peer Robotics raises $2.3 Mn led by Kalaari
September 15, 2022 / by Aditi Pathak / Funding, investment, News, Startup, StartupLanes / 0 comments
Mobile robotics solution platform Peer Robotics has raised $2.3 million in a new round led by Kalaari Capital. Axilor Ventures, Connecticut Innovations and Innopact VC have also joined the round. The Gurugram-based firm plans to use the funds for research and development (R&D) on human-robot interaction and market expansion in small and medium-scale manufacturing around […]
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Flipkart backs deeptech startup NeuroPixel.AI
September 15, 2022 / by Aditi Pathak / Funding, investment, News, Startup, StartupLanes / 0 comments
Yet to be launched deeptech startup NeuroPixel.AI has raised fresh capital from Walmart-owned Flipkart in the ongoing seed round. The board at NeuroPixel.AI has passed a special resolution to issue 876 CCPS at an issue price of Rs 27,204 per share to raise Rs 2.28 crore, regulatory filing filed with the Registrar of Companies (RoC) […]
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Rahul Yadav’s Broker Network raises Rs 90 Cr from Info Edge
September 6, 2022 / by Aditi Pathak / Funding, investment, News, Startup, StartupLanes / 0 comments
Broker Network, the proptech business founded by Housing.com founder Rahul Yadav, has received another Rs 90 crore from its existing and sole backer, Info Edge. With this latest investment, Info Edge’s subsidiary Allcheckdeals India now owns 59.8% of the Mumbai-based company. According to regulatory filings with the Registrar of Companies, the board of Broker Network’s […]
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MedGenome secures $50 million in funding led by Novo Holdings
September 5, 2022 / by Aditi Pathak / Funding, investment, News, Startup, StartupLanes / 0 comments
MedGenome, a Bengaluru-based genomics research business, has raised $50 million in a strategic investment round headed by life sciences investor Novo Holdings. Other current investors, including LeapFrog Investments and Sofina, also participated in the round. The cash will be used to expand the startup’s geographical impact beyond South Asia into Africa and the Middle East. […]
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Meesho develops a logistics SaaS platform to expand its network
September 3, 2022 / by Aditi Pathak / Funding, investment, News, Startup, StartupLanes
According to people familiar with the situation, e-commerce business Meesho is developing a logistics-focused enterprise software solution that can be utilized by small and medium-sized industrial participants. While the product is still being developed internally, Meesho’s reliance on significant third-party logistics firms such as Ecom Express, Xpressbees, and Delhivery will be reduced over time. Meesho […]
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Kedaara Capital invests $50 million in IVF chain Oasis Fertility
September 1, 2022 / by Aditi Pathak / Freelancing, investment, News, Startup, StartupLanes
Oasis Fertility announced an investment from Indian private equity firm Kedaara Capital for a sizable minority ownership in the business. This is Kedaara’s second investment in the healthcare industry’s single speciality. With this $50 million deal and a promise to invest more money in smart acquisitions, Kedaara hopes to assist Oasis achieve its goal of […]
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Gig worker platform Awign raises $15M in Series B funding led by Bertelsmann India, Amicus Capital
August 30, 2022 / by Aditi Pathak / Funding, investment, News, Social media, Social media management
Bertelsmann India Investments & Amicus Capital Partners led the $15 million Series B investment round for Gig Worker Platform Awign. The round was also attended by Mynavi Corporation and previous investors, Unitus Ventures and Michael & Susan Dell Foundation (MSDF). Awign intends to use the cash raised to enhance technology capabilities, expand digital products, and […]
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Men’s lifestyle brand XYXX secures Rs 90 Cr in Series B
August 30, 2022 / by Aditi Pathak / Funding, investment, News, Startup, StartupLanes
Men’s premium innerwear and lifestyle brand XYXX has secured Rs 90 crore ($11.15 million) in its Series B round of funding led by Singularity Opportunities Growth Fund. Existing investors Sauce Venture Capital and DSG Consumer Partners also joined the equity round while Trifecta Capital has infused Rs 15 crore debt. Following the investment round, Yash […]
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Alteria Capital of India is looking to raise up to $438 million for its third fund
August 27, 2022 / by Aditi Pathak / Funding, investment, News, Startup, StartupLanes
Alteria Capital Advisors of India is in discussions with investors to raise up to 35 billion rupees ($438 million) for its third debt fund. In 2017, former executives of Temasek-backed InnoVen Capital founded the Mumbai-based startup. The conversations, which take place less than a year after Alteria raised 18.2 billion rupees for its second fund, […]
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Edtech unicorn upGrad expands ESOP pool size by 300K options
August 27, 2022 / by Aditi Pathak / Funding, investment, News, Startup, StartupLanes
According to upGrad’s filings with the Registrar of Companies, a special resolution to increase its ESOP pool by 300,000 options was passed by the edtech business (RoC). The edtech company, UpGrad’s new options are worth Rs 244 crore ($30 million), according to an Entrackr report, while the company’s employee stock value is roughly Rs 2,058 […]
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