Latest Startup News, Funding News, Tech News, Insights & Stories from Indian Startup Ecosystem
Daily Indian Startup News and Funding Alert – 29 July 2024 Funding News D2C haircare brand Moxie Beauty raises Rs 17.3 Cr Moxie Beauty, a D2C haircare brand based in Gurugram, has raised Rs 17.3 crore ($2.1 million) in funding led by Fireside Ventures. This round also saw participation from a group of angel investors,…
Key Points Ugro Capital, a prominent name in the financial sector, has made headlines with its decision to raise up to Rs 135 crore through non-convertible debentures (NCDs). The move comes as part of the company’s strategic plans for expansion and growth. In a recent development, the company’s Board of Directors, during a meeting held…
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…
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…
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…
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…
Highlights Control One AI, an emerging leader in AI-driven robotics, has just secured a significant boost in funding, signaling its rapid ascent in the tech startup landscape. With a substantial injection of $350,000 in a pre-seed funding round, the company is poised to revolutionize the supply chain industry, thanks to the backing of a diverse…
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…
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…
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…