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    [Weekly funding roundup] VC investments cross half-a-billion-dollars; Cars24 enters the unicorn club

    The last week of November brought upbeat news for the Indian startup ecosystem, as venture funding crossed $500 million, with unicorns continuing to attract investors interest. The total funding for the week stood at $501 million across 23 deals, of which 15 transactions were in the early-stage, followed by five in growth, and three in late stage....

    • 10 hrs ago
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    [Funding alert] Made in India Kaagaz Scanner raises funding from Pravega Ventures, Axilor Ventures, and others

    Kaagaz Scanner, an Indian document scanning and storage app, on Friday said it has raised $575,000 in a funding round led by Pravega Ventures alongside Axilor Ventures, Better Capital. A few prominent angel investors, including Phanindra Sama, Founder of RedBus; Farooq Adam, Founder of Fynd; and others also participated in the...

    • 14 hrs ago
  • Your Story

    [Funding alert] Vegan skincare startup Plum raises Rs 110Cr led by Faering Capital

    Pureplay Skin Sciences India — the parent company of vegan skincare brands Plum and Phy — on Thursday said it raised Rs 110 crore in Series B funding round led by Faering Capital. Trifecta Capital, as well as existing investor Unilever Ventures, also participated in the round, which will be used for brand building, technology, and expansion of...

    • yesterday
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    [Funding alert] Fidelity management invests in Nykaa

    Nykaa, the omnichannel fashion and beauty startup, which made into the unicorn club this year, has received an undisclosed investment from Boston-based asset management company Fidelity Management & Research Company.Following this investment from Fidelity, Nykaa has completed a secondary placement that facilitated partial exit for its early investors as well as an exit for employee ESOPs....

    • yesterday
  • Funding

    [Funding alert] Venture Catalysts leads Rs 8.5 Cr investment in STAGE, a dialect-based hyper-local OTT platform

    Startup incubator and accelerator Venture Catalysts has recently led a Rs 8.5 crore investment in STAGE, a dialect based hyper-local OTT platform. The funding round also saw participation from several eminent investors such as Sushma Kaushik (Partner at Aavishkaar), Sachin Bhatia (Co-founder – Bulbul.tv, former Co-founder...

    • 2 days ago
  • Your Story

    [Funding alert] Plum raises $4.1M from Surge, Tanglin Venture Partners, others

    Employee insurance startup Plum on Thursday said it has raised $4.1 million (about Rs 30.2 crore) in funding, led by Sequoia Capital India's Surge and Tanglin Venture Partners.Existing investors, including Incubate Fund, also participated in the funding round, a statement said.The funding will be used to expand into new markets, build new distribution channels, hire...

    • 2 days ago
  • Your Story

    [Funding alert] Shipsy raises $6M from Surge, Info Edge

    Shipsy on Wednesday said it has raised $6 million (about Rs 44.3 crore) in a funding round, co-led by Sequoia Capital India's Surge, and existing investor, Info Edge.Shipsy is a SaaS (software as a service) based firm that helps shippers and logistics companies to digitise and automate their operations.The platform helps shippers reduce freight costs by automating and digitising freight...

    • 2 days ago
  • Your Story

    [Funding alert] Edtech startup Yellow Classes raises $1.3M in pre-Series A round

    Yellow Class, an online hobby platform for young kids, on Wednesday said it has raised $1.3 million (about Rs 9.6 crore) in a pre-Series A funding round led by India Quotient.The Gurugram-based startup, launched in the middle of coronavirus-induced lockdown in June, will utilise the funds to launch more classes and develop more products.Yellow Class offers online...

    • 2 days ago
  • Your Story

    [Funding Alert] Unacademy's valuation touches $2B after fresh capital from Tiger Global and Dragoneer

    Unacademy, which turned unicorn earlier this year, has raised undisclosed funds from Tiger Global Management and Dragoneer Investment Group. The latest transaction values the edtech startup at $2 billion. Unacademy did not clarify how it intends to spend the fresh capital. This round follows its $150 million fund-raise from SoftBank Vision Fund 2...

    • 2 days ago
  • Your Story

    [Funding alert] Gurugram-based Grip Invest raises pre-Series A round led by Anicut Angel Fund

    Grip Invest, a Gurugram-based digital platform for facilitating investments, has secured its first round of equity funding in a round led by Anicut Angel Fund with participation from Gemba Capital and well-known angel investors such as Anupam Mittal, Sunjay Kapur, and Maninder Gulati. Launched in June 2020, Grip Invest provides a lease finance...

    • 3 days ago

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