Investment

Instamojo Raises Funds in Pre-Series C Round from Japanese Investors
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Instamojo Raises Funds in Pre-Series C Round from Japanese Investors

Mumbai, Nov. 18, 2020: Instamojo, announced today the closing of its Pre-Series-C funding round of an undisclosed sum. This round of funding saw the participation of Japanese investors Base and existing investors such as Gunosy Capital, who participated in Series B round back in January 2019.  The funds raised will be used to expedite the company’s growth and product roadmap as well as venture into international markets in the coming year. Instamojo began its journey in the Fintech space with its flagship product - The online payment link, thereby solving the digital payments challenge for several entrepreneurs. Focused on empowering the Indian MSME sector, the company recently acquired GetMeAShop (GMAS), an e-commerce enablement firm backed by Times Internet which help small businesse...
Rapawalk Raises $300K in Seed Round from Inflection Point Ventures
Investment

Rapawalk Raises $300K in Seed Round from Inflection Point Ventures

New Delhi, Nov. 13 2020: Rapawalk, Bangalore based online footwear brand that offers a personalized service to its customers, has raised $3,00,000 in seed round led by Inflection Point Ventures. The funds raised in this round will be used towards scaling up the business. Rapawalk plans to continue expanding their online business for the coming 12-15 months and also offer an omnichannel shopping experience to its customers. Vinay Bansal, Founder & CEO, IPV says,'' We believe in the growth story of customized footwear in India, especially with our insight that every customer’s foot is different, and standard shoe sizes are not enough for the discerning customer. Rapawalk being in the D2C segment, offers a great personalized footwear design and shopping experience while managi...
Clientjoy Closes $800K Pre-Series A Funding from GVFL
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Clientjoy Closes $800K Pre-Series A Funding from GVFL

Ahmedabad, Nov. 09, 2020: Clientjoy, the Ahmedabad based SaaS platform, has raised $800K  in Series A funding from GVFL (Gujarat Venture Finance Limited), an early-stage venture capital firm. Launched in 2019, by 4 entrepreneurs, Clientjoy offers Client Life-Cycle Management Software for modern agencies, services companies, and freelancers to manage Leads, Proposals, Clients, Invoicing, and Revenues under a single roof. In its initial journey, the company was funded and supported by other angel investors and CIIE –a startup incubator established by IIM Ahmedabad. Clientjoy Team Speaking on the announcement, Mr Yash Shah (co-founder & CEO, Clientjoy) said, “At Clientjoy we are excited about the funding from GVFL – it comes at a time when we are looking to scale and grow. Tod...
FreshToHome Raises $121 Mn in Series C Round
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FreshToHome Raises $121 Mn in Series C Round

Bangalore, Oct. 27, 2020: FreshToHome, a fully integrated online brand in fresh fish and meat e-commerce has raised $121M in Series C funding led by Investment Corporation of Dubai (ICD), the principal investment arm of the Government of Dubai, Investcorp, a leading global manager of alternative investments, Ascent Capital, a leading India-focused growth capital provider,  U.S. Government’s development finance institution, DFC, the Allana Group and other investors. Iron Pillar, the lead investor from Series B participated in this round with a significant investment of $19M. Barclays was an advisor for the transaction. “COVID-19 transformed the fish and meat purchasing behaviour of consumers dramatically. Due to safety concerns, consumers made the habit-forming shift to e-commerce a...
Betterplace Closes $10 Mn in Series B funding
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Betterplace Closes $10 Mn in Series B funding

Bangalore, Oct. 27, 2020: Betterplace, a tech platform delivering digital solutions for blue collar workforce management throughout the entire value chain, has raised $10 million in a Series B round led by Jungle Ventures and a total of $16 million since its inception. Existing investors, Unitus Ventures, 3One4 Capital, and Venture Highway also participated in the round.  Launched in 2015, Betterplace addresses the $30 Bn India opportunity of blue-collar workforce management, impacting over 450 Mn people. Through its data-driven, tech platform, Betterplace uniquely fulfills the requirements of both enterprises and the workforce in this fragmented and underserved ecosystem. For enterprises, it offers a seamless end-to-end workforce management system with its inbuilt proprietary ...
Jumbotail Closes $11 Mn Funding in Series B2 Round
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Jumbotail Closes $11 Mn Funding in Series B2 Round

Bengaluru, October 26, 2020: Jumbotail, a new retail platform and B2B marketplace for food and grocery products, has closed an $11M Series B2 round of funding led by Heron Rock, with participation from Jumbofund, Nexus Venture Partners, Siddhi Capital, Reaction Fund, Pimpernel Holdings and a group of HNIs and industry leaders. Jumbotail serves kirana stores via its full stack e-commerce model consisting of its B2B marketplace platform, an industry leading warehousing and last-mile delivery supply chain network, and a fintech platform for payment and credit solutions to kirana store owners. Jumbotail’s New Retail platform transforms kirana stores into modern omni-channel convenience grocery stores under the J24 brand within 24-48 hours - offering kirana retailers a full suite of in-stor...
Signzy Raises $5.4 Mn Led by Arkam Ventures and Mastercard
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Signzy Raises $5.4 Mn Led by Arkam Ventures and Mastercard

Bangalore, Oct. 21, 2020: Signzy, a ‘no code AI platform has raised $5.4M from Arkam Ventures and Mastercard.  Signzy’s existing investors, Kalaari Capital and Stellaris Venture Partners also participated in the current round. Signzy, which offers a ‘no code AI platform’ that helps financial services automate risk and compliance processes, said that it is currently dealing with a massive surge in global demand for its solutions on account of the ongoing Covid-19 pandemic. The startup plans to invest to strengthen its AI research and global sales to tap into the increased demand. Ankit Ratan, co-founder of Signzy said, “The ongoing pandemic has not only upended the pace of digitalization in the financial services space but has also led to increased demand for no-co...
Sterlite Power Manages Debt Funding of INR 2070 Crore from PFC
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Sterlite Power Manages Debt Funding of INR 2070 Crore from PFC

Mumbai, Oct. 21, 2020: Sterlite Power, a global power transmission player, has achieved financial closure for its Vapi II North Lakhimpur Transmission Limited (VNLTL) project by securing the entire debt funding of INR 2070 crores from one of India’s largest power sector lenders, Power Finance Corporation Limited (PFC Ltd.). The financial closure is achieved within four months of the SPV acquisition of the project.  Sterlite Power acquired VNLTL SPV in June 2020 to execute one of the largest inter-state transmission system projects covering Western Region Strengthening Scheme-XIX (WRSS-XIX) and North Eastern Region Strengthening Scheme-IX (NERSS-IX). This single project, with its various sub-elements, will supply clean and green energy from solar, nuclear and hydro power&...
Kapil Dev Invests in New Technology Company – Harmonizer India
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Kapil Dev Invests in New Technology Company – Harmonizer India

New Delhi, Oct. 15, 2020: Harmonizer India Pvt. Ltd. today announced that India's World Cup Winning Captain Kapil Dev has invested in its AI/ML/IOT based Energy Efficiency Solutions Technology. Kapil Dev expressed his happiness on being associated with Harmonizer India and said, "I have invested in Harmonizer India to support the Indian Brainpower and Technocrats, who have done so well to acquire 14 Patents." In the recent event of RAISE 2020, emphasis has been given on India’s vision i.e. importance of Artificial Intelligence in today's life. This will help India to become a global hub for Artificial Intelligence. Manoj Soni, CEO, Harmonizer India said, “I am very happy that Mr. Kapil Dev has decided to infuse new energy to the Company that will conquer greater heights...
TeaMonk Raises INR 6.5 Crore from Inflection Point Ventures and Other Investors
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TeaMonk Raises INR 6.5 Crore from Inflection Point Ventures and Other Investors

Bangalore, Oct. 13, 2020: TeaMonk, Bangalore based premium tea brand that offers more than 50 variants of premium tea has raised Rs. 6.5 crore in Pre-Series A round led by Inflection Point Ventures, one of India’s largest angel investment platforms in India. Sarcha Ventures and Lead Angels also participated in the round. Additionally, US-based HNIs Dr. Madhu K Mohan (Eminent Endocrinologist in Washington DC & member of Public Health Foundation of India), Anil Menon (Senior Advisor to Chairman, World Economic Forum) and Jai Gupta (Entrepreneur) also participated in the round. The HNIs have participated in their personal capacity. TeaMonk has raised Rs 23.5 crore funding till date and plans to use the current funding for further market expansion in global markets like the US, UK and ...