Advertisements According to a leading media wire, ecommerce giant Flipkart has seen a decline in its valuation by USD 5 billion, as disclosed by its US-based parent company Walmart. As of January 31, 2024, Flipkart’s valuation stood at USD 35… Read More ›
Funding
Accel Leads $29 Mn Series B Round For Nononets
Advertisements Nanonets, an AI-driven workflow automation platform, recently closed a Series B funding round, securing USD 29 million, with Accel leading the investment alongside existing backers Elevation Capital, Y Combinator, and others. According to media reports, Sarthak Jain, Co-founder and… Read More ›
Peak XV To Launch A Perpetual Fund
Advertisements According to media reports, Peak XV Partners, formerly the India and Southeast Asia arm of Sequoia, is set to launch a perpetual fund, dubbed the Peak XV Anchor Fund. This new fund, as revealed to limited partners during an… Read More ›
Singularity Growth, Others Invest Rs 119 Cr In Lohum
Advertisements Battery manufacturing and recycling company Lohum has secured Rs 119 crore (USD 14 million) in funding from Singularity Growth, with additional contributions from Vyoman India and Baring Private Equity. This funding round included the issuance of 844 compulsorily convertible… Read More ›
Mufin Green Finance Bags $5 Mn In Debt From Blueorchard
Advertisements Mufin Green Finance raised debt totalling USD 5 million from BlueOrchard. The company said that this strategic partnership would help it to advance it sustainability initiatives in the global financial landscape. BlueOrchard claims to have a global outreach impacting… Read More ›
Grab-and-go Coffee Startup abCoffee Bags $3.4 Mn In Series A Round
Advertisements A tech enabled grab-and-go specialty coffee startup, abCoffee, secured USD 3.4 million in Series A funding round. The round was led by Nexus Venture Partners, with participation from existing investor Tanglin Venture Partners. The funds raised will enable abCoffee… Read More ›
Byju’s Refutes Accusation Of Diverting $533 Mn
Advertisements Dispelling accusations of fund misuse, edtech company Byju’s clarified that the disputed USD 1.2 billion Term Loan B proceeds are held by its non-US subsidiary. The fund manager, Camshaft, disclosed that the money was transferred to a 100 per… Read More ›
Lighthouse Infuses Rs 284 Cr In Jewellery Brand Kushal’s
Advertisements Lighthouse India Fund IV Alternate Investment Fund invested Rs 284 crore in Kushal’s, a fashion and silver jewellery brand. The brand first secured investment from Lighthouse from its newly raised, fourth private equity fund. This round also includes a… Read More ›
Founders Fund Leads $27 Mn Seed Round For Blockchain Startup Avail
Advertisements Avail, a modular blockchain project that emerged from Polygon secured USD 27 million in a seed funding round led by Founders Fund and Dragonfly Ventures, alongside contributions from SevenX Ventures, Figment Capital, Nomad Capital, and undisclosed angel investors. The… Read More ›
India SME Investments, Others Invest Rs 325 Cr In SBL Energy
Advertisements SBL Energy, a leading player in the mining and industrial explosives sector, secured Rs 325 crore in growth capital. The financing round, spearheaded by Synergy Capital, India SME Investments, and investor Mukul Mahavir Agrawal, is geared towards facilitating the… Read More ›