Daily Indian Startup news & Funding Roundup

Daily Indian Startup news & Funding Roundup

Daily Indian Startup news & Funding Roundup – 28 May, 2024 Funding News: 1. Solinas Raises Undisclosed Funding:Solinas, a startup focusing on water and sanitation solutions through robotics, has recently secured undisclosed funding. The investment comes from Neev II Fund managed by SBICAP Ventures Ltd, along with private sector capital from Zerodha Founders’ investment arm,…

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Cybersecurity startup Treacle raises Rs 4 crore led by Inflection Point Ventures

Treacle Raises Rs 4 Crore in Funding Round Led by Inflection Point Ventures

Key Points In a significant development within the cybersecurity domain, Treacle, a burgeoning startup specializing in defensive security, has raised Rs 4 crore in a pre-seed funding round led by Inflection Point Ventures. The infusion of funds is poised to bolster Treacle’s technical and business growth, fuel marketing initiatives, cover office expenses, foster collaborations, and…

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Poshn Secures $4 Million in Pre-Series A Funding Round

Poshn Secures $4 Million in Pre-Series A Funding Round

Summary Poshn, a burgeoning foodtech startup, has secured $4 million in a pre-Series A funding round, led by Prime Venture Partners and Zephyr Peacock India. This funding, including $2 million in debt, highlights investor confidence in Poshn’s potential. The company, founded in 2020 by Bhuvensh Gupta and Shashank Singh, leverages AI models to streamline wholesale…

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QUE Eyewear's Strategic Alliance with Shikhar Dhawan Set to Disrupt Indian Eyewear Industry

QUE Eyewear’s Strategic Alliance with Shikhar Dhawan Set to Disrupt Indian Eyewear Industry

Summary Indian cricket sensation Shikhar Dhawan has embarked on a new venture in the fashion eyewear industry by partnering with the emerging brand QUE. This partnership sees Dhawan not only investing in QUE but also serving as a partner and brand ambassador. QUE, founded by Shashank Saurabh, Abhishek Deep, and Kumar Vagish, aims to democratize…

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Highlights- Lyskraft, a new women's apparel venture founded by industry veterans Mukesh Bansal and Mohit Gupta, secures $26 million in seed funding

Lyskraft – women’s apparel venture founded by industry veterans Mukesh Bansal and Mohit Gupta secures $26 million in seed funding

Highlights: Lyskraft, a new venture in the women’s apparel sector founded by industry veterans Mukesh Bansal and Mohit Gupta, has recently secured a significant seed funding round of $26 million, with Peak XV Ventures leading the investment. The Gurugram-based omnichannel fashion and lifestyle platform attracted investments not only from Peak XV Partners but also from…

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Northern Arc Secures $80 Million Funding from IFC: Fueling Financial Inclusion and Expansion

Northern Arc Secures $80 Million Funding from IFC: Fueling Financial Inclusion and Expansion

Summary Northern Arc, a prominent non-banking financial company (NBFC), has received a substantial $80 million investment from the International Finance Corporation (IFC), a member of the World Bank Group. This funding, comprising both debt and equity components, marks a significant milestone for Northern Arc, empowering its mission to expand services and improve credit access across…

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Saudi Aramco's Venture into Indian Start-ups: A Strategic Move

Saudi Aramco’s Venture into Indian Start-ups: A Strategic Move

Summary Saudi Aramco’s venture capital arm, Prosperity7 Ventures, plans to invest between USD 200 million and USD 350 million in Indian start-ups, recognizing the country’s vibrant entrepreneurial ecosystem. With a focus on early-stage companies across various sectors, Prosperity7 Ventures aims to leverage India’s growing appeal to global investors. This strategic move is expected to drive…

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LetsTransport Secures $22 Million in Series E Funding Round

LetsTransport Secures $22 Million in Series E Funding Round

Summary LetsTransport, a key player in urban logistics, has successfully raised $22 million in its Series E funding round. Led by Bertelsmann India Investments (BII) with a $16 million investment, the round also saw participation from other notable investors. This funding will bolster LetsTransport’s expansion plans, focusing on market presence, scaling business verticals, and moving…

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