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    Agritech startup Faarms raises $2 Mn in seed round

    Agritech startup Faarms has raised $2 million in its seed round of funding led by Koh Boon Hwee and Dr Cornelius Boersch with the participation of angel investors. The fundraise will be used to add new products and services, to expand in the North-Eastern, Central and Southern states, said the company in a press release. Founded by Taranbir Singh, Faarms provides agricultural products...

    • 14 hrs ago
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    IPO-bound Ixigo acquires bus ticketing platform AbhiBus

    Online travel aggregator Ixigo has acquired Hyderabad-based bus ticketing and aggregation platform AbhiBus for an undisclosed amount. This is the second acquisition for the IPO-bound company in 2021. In February, it acquired 100% stake in train booking app Confirmtkt. According to Ixigo, the deal is a mix of cash and stock. However, it did not disclose the further details of the...

    • 14 hrs ago
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    Agricultural education startup Rocket Skills raises pre-seed round

    Online agricultural education platform Rocket Skills has raised Rs 2.2 crore in its pre-seed round led by Better Capital, First Cheque and Titan Capital. Angels such as Harpreet Singh Grover, Aprameya, Abhinav Jain and Pravin Jadhav have also participated in it. According to the Gurugram-based startup, the fresh infusion of funds will expand its program to other sectors and...

    • 16 hrs ago
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    Decoding Pratilipi's Series D round and current shareholding structure

    With 25 million readers across 12 Indian languages, Pratilipi has come a long way in terms of traction and adoption. One of the oldest regional language storytelling platform's growth has also drawn venture capital attention and over the years the company has raised $79 million in total funding since its inception in 2014. About 60% of its total capital - $48 million...

    • yesterday
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    Elevation Capital leads Rs 75 Cr Series B round in The Souled Store

    Casual wear brand The Souled Store has raised Rs 75 crore or a little over $10 million in its Series B round led by Elevation Capital. Angel investors and founders of startups including Delhivery, Zalora, Mosaic Wellness, and Livspace have also participated in the round. The fresh capital will be used to expand product portfolio on both licensed merchandise and casual wear...

    • 2 days ago
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    Nektar.ai raises $6 Mn in seed round

    SaaS-based B2B sales productivity startup, Nektar.ai has raised $6 million in its final tranche of seed round funding led by B Capital Group, 3One4 Capital and Nexus Venture Partners. Earlier in November 2020, the startup had raised $2.15 million as the first tranche of its seed round of funding led by Nexus Ventures Partners. The funds will be used to ramp up product development and hire talent for its...

    • 3 days ago
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    Decoding PolicyBazaar's DRHP fine print

    InfoEdge-backed online insurance aggregator and brokerage platform PolicyBazaar has filed a Draft Red Herring Prospectus or DRHP with SEBI for its upcoming listing and IPO earlier this week. PB Fintech Limited, as the parent firm is actually registered, has filed to raise an aggregate Rs 6,017.5 crore in this offer which includes a fresh issue of shares worth Rs 3,750 crore and an offer for sale of shares...

    • 3 days ago
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    Sequoia' Surge leads $3.5 Mn fresh round in ApnaKlub

    ApnaKlub, a B2B wholesale platform for fast-moving consumer goods (FMCG), has scooped up $3.5 million in its seed round of funding led by Sequoia Capital India's Surge. With this, the total funds raised by the company stands at $5 million. Blume Ventures and Whiteboard Capital had led an undisclosed pre-Series A round in the Bengaluru-based startup which was also selected in the fifth...

    • 4 days ago
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    To attend online classes, kids are scaling state borders in search of better connectivity

    Mitrabhanu Lenka, a student of class eight living in the Koraput district in Odisha, is on his bicycle every morning at 8. A journey of about thirty kilometres across the Odisha border to Andhra Pradesh lies ahead of him. For the last six months, Lenka, 13, has undertaken this journey every day with a group of his friends in search of better mobile...

    • 6 days ago
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    Decoding Mensa Brands' equity round, valuation and shareholding structure

    E-commerce rollup platforms in India inspired by the famed Thrasio model have been breaking records in terms of raising funding. Four such yet to be operational companies: GlobalBees, Mensa Brands, GOAT Brand Labs and 10club have collectively mopped up $276 million in the past couple of months. FirstCry-backed GlobalBees broke all records by raising $150 million (half...

    • a week ago

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