Page 8 - Startup

I-T raids Infra.Market; detects undisclosed income of Rs 224 crore

The searches were launched on March 9 at the firm's 23 premises in Maharashtra, Karnataka, Andhra Pradesh, Uttar Pradesh and Madhya Pradesh

Logically raises $24 mn; Vitruvian Partners leads funding round

It has been estimated that fake news is costing the global economy around $78 billion every year and Logically is addressing that problem.

Media SaaS company Amagi enters unicorn club with $95-mn investment

Accel leads the financing round along with Norwest Venture Partners and Avataar Ventures

Aerospace startup unveils rover to carry astronauts to Moon, Mars

US-based aerospace startup Venturi Astrolab has unveiled a prototype of an interplanetary rover that is designed to transport cargo and people across the surface of Moon - and eventually, Mars one day

Iron Pillar Invests in automation firm Jiffy's $53 mn Series B Funding

Jiffy's Series B was led by Eight Roads with participation from existing investor, Nexus Venture Partners, among others

Esports gaming platform Gamerji raises $1.1 mn in pre-series A funding

Gamerji currently serves 2.3 mn gamers, has held over 29,000 tournaments; Since Dec 2020 seed round, it has increased user base by 3x and holds 200 tournaments a day for 15 titles

Delhi school students pitch ideas to investors at Business Blasters expo

At the end of the day, 200 Letters of Intent are signed

B2B sales intelligence firm Apollo.io raises $110 mn in Sequoia-led round

The platform helps over one million professionals across 160,000 companies automate their sales processes

Kid-focused pocket money fintech Junio raises $6 mn in pre-Series A round

UAE-based firm NB Ventures leads investment; The startup will use the capital to bolster its team, roll out new product features, and scale up customer acquisition initiatives

Social Alpha, Villgro, Brigade REAP invest $375,000 seed in Strawcture Eco

The recipient is a sustainable construction start-up that develops biopanels from agriculture reside

Eat Better Ventures raises Rs 5.5cr seed led by Java Capital, Mumbai Angels

The company will be using the funds to ramp up its production capacity, build a robust team, launch new products, and augment its marketing and distribution

Live tutoring startup Filo raises $23 mn in series A led by Anthos Capital

Filo will use the funds mainly for product development as it goes deeper into modeling pedagogy at scale, expanding the team, tapping new categories, and scaling its tutor base across the country

Accel raises $650 mn fund to invest in Indian and SE Asian start-ups

It was an early investor in unicorn start-ups like Flipkart, Swiggy, Zetwerk, Cultfit, Acko and others

Mela Ventures closes its first fund at Rs 320 cr

The fund was oversubscribed by 1.6x times from first close target

Tata Steel to set up unit for medical material, to buy bio-ceramics startup

The firm's wholly-owned subsidiary, Tata Steel Advanced Materials, will pick up 90% stake in Advanced Ceramics

OTO achieves Rs 100-cr disbursal for 11k vehicles via its commerce platform

OTO, founded in 2018 by IIT-Mumbai alumnus Sumit Chhazed and Harsh Saruparia, has facilitated in sale and financing of over 11, 000 vehicles, of which approximately 2, 700 vehicles are electric

Neobanking start-up Niyo raises $100 mn in Series C funding round

This Series C round of funding was led by Accel & Lightrock India with participation from Beams Fintech Fund

Loyalty solutions provider Xoxoday raises $30mn from Giift, Apis Partners

The investment includes both primary and secondary capital components, and the collaboration will enable both Giift and Xoxoday to enlarge their service offerings and accelerate growth globally

Rakesh Jhunjhunwala-backed furniture maker bags Rs 75 cr in funding

Arrivae raises Series B investment from Think investments and Havells

Proptech startup Facilio raises $35 mn from Dragoneer, Tiger Global, others

Facilio offers a unified software platform that leverages an AI-led predictive engine to help real estate portfolios digitise processes and optimise their property operations