Page 21 - Start Ups

Microsoft to empower Indian startups from idea to unicorn with new platform

The platform offers over $300,000 worth of benefits and credits, giving startups free access to the technology, tools, and resources they need to build and run their business

D2C business enabler Instamojo reports revenue growth from online stores

Contribution jumped from 2% to 20% in one year after the launch of the beta version, says start-up.

Pine Labs raises $50 mn from Vitruvian, taking total to $920 mn in 8 months

Merchant commerce platform got $150 million from Alpha Wave Global in February and $20 million from SBI in January.

Builder.ai raises $100 mn in Series C round to scale up AI capabilities

Funding led by Insight Partners, a New York-based global venture capital and PE firm, brings company's total funding to $195 million across three rounds in all

Games24x7 raises $75 mn from Tiger Global, others at $2.5-bn valuation

Mumbai-headquartered firm owns popular gaming platforms such as RummyCircle (India's largest online rummy game), My11Circle and U Games

OSlash raises $5 mn in funding round valuing SaaS start-up at $50 mn

Company builds productivity tool enabling employees to access the right information in a fraction of a second.

Pine Labs raises $50 mn, to expand BNPL offering in Southeast Asia

Pine Labs serves large, mid-sized and small merchants across India and Southeast Asia, and is expanding its Buy Now Pay Later (BNPL) offering in Southeast Asia.

VC exits in India start-ups up 10x to $14 billion in 2021: Bain & Co

Share of VC deal value in PE-VC space above 50% for the first time: Bain & Co

LambdaTest closes $45 million in a venture round led by Premji Invest

Firm's platform is used by over 1 mn developers and testers globally. The company has run more than 100 mn tests since inception, has grown its business by 300% in the past year

Qure.ai raises $40 mn from healthcare investors Novo Holdings, HealthQuad

Qure.ai's advanced technology reads and interprets medical images like X-rays, CTs, and ultrasounds in under a minute, making equitable, quality healthcare a reality across the globe

D2C start-up mCaffeine raises Rs 240 cr at a valuation of Rs 1,000 cr

Founded in 2016, mCaffeine had attracted a cumulative of Rs 60 crore through successive rounds of funding over the years

Classplus bags $70 mn in Series D round co-led by Alpha Wave, Tiger Global

The new round values Classplus close to $600 million, a more than 2X jump in the valuation from the previous round.

Noida-based edtech startup Classplus raises $70 mn in fresh funding

The new funding round came eight months after Classplus raised a $65 million series C funding in June last year.

Indian tech startups raise a record $74 bn from PE/VC firms in 2021: Report

'E-commerce, consumer platforms, and IT services sectors were favorites among investors, recording 56% of total deal value in 2021,' says 'India Investments Pulse' report by Praxis Global Alliance

Spacetech startup Pixxel raises $25-mn funding led by Radical Venture

The new funding will enable Pixxel to expedite production of the world's highest resolution hyperspectral satellite constellation and to offer industry AI-powered insights

Investor Ravi Chachra launches $75-mn venture debt marketplace for startups

Part of Y-Combinator's winter 2022 batch, 8vdx has already disbursed $2.8 mn to 16 startups, including two from India

Blacksoil provides $4.5mn in debt funding to three startups

The three startups are Blu-Smart Mobility-an electric shared mobility platform, BigHaat-an agri inputs digital marketplace platform and LoanTap- a fintech offering personal loans

Co-working space player iSprout raises $4mn in pre-series A funding

Large part has been invested by a top infra firm's director; after the round over 75% ownership in iSprout will be with the four co-founders and this investor

Tech firm MFine helps people monitor blood pressure, glucose on smartphones

MFine has democratised health care at home by bringing these solutions on to devices that are more ubiquitous and affordable than wearables

CommerceIQ enters unicorn club with $115 mn fundraise in Series D round

Company employs over 150 people out of its Bengaluru office, and is expected to nearly double the headcount by the end of the year