During the week, as many as 26 Indian startups raised around $240 million in funding. These deals include 9 growth-stage deals and 15 early-stage deals. Meanwhile, two early-stage startups did not disclose the amount raised. Last week, about 24 early and growth-stage startups collectively raised around $320 million capital. [Growth-stage deals] Among the growth-stage deals, Continue reading Funding and acquisitions in Indian startups this week [13-18 May] The post Funding and acquisitions in In

Info Edge, the parent company of Naukri and 99acres, published its financial statements on Thursday. The consolidated figures showcased a modest 8% increase in revenue for FY24. However, the company made a turnaround in its bottom line, transitioning from a loss of Rs 70 crore in FY23 to a profit of Rs 594 crore in Continue reading Info Edge crosses Rs 2,500 Cr revenue and Rs 500 Cr profit threshold in FY24 The post Info Edge crosses Rs 2,500 Cr revenue and Rs 500 Cr profit threshold in FY24 ap

Propelld, an education-focused lending platform, has secured $25 million debt funding for its wholly-owned NBFC subsidiary Edgro. Edgro has raised the amount from nine lenders such as Credit Saison India Private Limited, AU Small Finance Bank, InCred Financial Services Limited and Northern Arc Capital Limited. The company will utilize the funds to boost its reach Continue reading Propelld raises $25 Mn debt for NBFC arm Edgro The post Propelld raises $25 Mn debt for NBFC arm Edgro appeared firs

The year 2024 is turning out to be IPO season as over a dozen companies are ready to make their debut on the stock exchange. In the past 10 days, two companies TBO Tek and general insurance Go Digit went public. Now, Awfis is slated to get listed on May 22. While TBO Tek Continue reading IPO-bound Awfis reports Rs 616 Cr income in first 9 months of FY24 The post IPO-bound Awfis reports Rs 616 Cr income in first 9 months of FY24 appeared first on Entrackr .

Authentication and access management platform OTPless has raised $3.5 million in its pre-Series A funding round led by SIDBI, said its co-founder and chief executive officer Bhavik Koladiya. Venture Highway, FJ Labs, and Piper Serica also joined the firms maiden institutional round. With this, OTPless raised $6.5 million to date. The Surat-based startup raised $2.7 Continue reading Bhavik Koladiya-led OTPless raises $3.5 Mn led by SIDBI The post Bhavik Koladiya-led OTPless raises $3.5 Mn led by

Kartik Gupta, chief financial officer (CFO) of Olas parent ANI Technologies, has quit after seven months of joining the ride-hailing company. This comes amid restructuring at the company ahead of its initial public offering (IPO). Confirming the development to Entrackr, an Ola spokesperson said, As part of an ongoing restructuring, Ola Mobility CFO Kartik Gupta Continue reading After CEO, Ola CFO Kartik Gupta steps down The post After CEO, Ola CFO Kartik Gupta steps down appeared first on Entra

Battery tech startup Battery Smart has raised $45 million in a new round from investors including Acacia Inclusion Limited, MUFG Bank, Blume Ventures, The Ecosystem Integrity Fund, and British International Investment. The board at Battery Smart has passed a special resolution to issue 87,113 Series B CCPS at an issue price of Rs 43,203 each Continue reading Battery Smart mops up $45 Mn in new funding round The post Battery Smart mops up $45 Mn in new funding round appeared first on Entrackr .

Fintech firm Infibeam Avenues on Thursday released its financial results for the fourth quarter of the previous fiscal year (Q4 FY24). Despite a decline in scale, prudent cost management bolstered the firms profitability in the last quarter of the previous financial year. Infibeams revenue from operations decreased 20.3% to Rs 727 crore in Q4 FY24 Continue reading Infibeam Avenues posts Rs 727 Cr revenue and Rs 49 Cr profit in Q4 FY24 The post Infibeam Avenues posts Rs 727 Cr revenue and Rs 49

The Betel Leaf, a FSSAI-certified online paan startup, has raised $1.2 million in its bridge round led by Inflection Point Ventures and Venture Catalysts. In November 2021, The Betel Leaf had raised $800,000 in seed capital led by Venture Catalysts and 100Unicorns (formerly 9Unicorns). The proceeds will be used to expand the current retail and Continue reading D2C paan brand The Betel Leaf raises $1.2 Mn in bridge round The post D2C paan brand The Betel Leaf raises $1.2 Mn in bridge round appea

Rooftop solar startup SolarSquare has raised $4.2 million from existing investors Zerodha Technology, Abhijeet Pai and Nikhil Kamaths Gruhas Proptech, Lowercrabon Capital, and Good Capital. The board at SolarSquare has passed a special resolution to allot 7,589 Series B compulsory convertible debentures at an issue price of Rs 46,710 to raise Rs 35.44 crore, its Continue reading Exclusive: SolarSquare raises fresh funds from Zerodha, Gruhas, others The post Exclusive: SolarSquare raises fresh f

Online astrology platform InstaAstro has raised Rs 18.50 crore in its pre-Series A round led by Artha Venture Fund. The round also saw participation from LogX Ventures, Singularity Ventures, IR Capital Partners, Blume Founders Fund and Aloke Bajpai, MD & CEO of Ixigo. In November 2021, InstaAstro had raised Rs 3.2 crore in a seed Continue reading InstaAstro raises $2.3 Mn led by Artha Venture Fund The post InstaAstro raises $2.3 Mn led by Artha Venture Fund appeared first on Entrackr .

Mobility and energy solutions startup Matel has raised $4 million in its Series A round, led by Transition VC. The round also saw participation from Gruhas and Haresh Abichandani. Founded in 2017, Matel manufactures synchronous machines and motor controllers for e-mobility, industrial applications, agricultural pumping, and HVAC sector. Specialised in designing and manufacturing high-efficiency electric Continue reading Matel raises $4 Mn in Series A round The post Matel raises $4 Mn in Series

Electric mobility solutions provider ProcMart Mobility recently announced its $30 million Series B fundraising led by Fundamentum and Edelweiss Discovery Fund. While the Mumbai-based company did not disclose more details of the round, Entrackr sifted through its regulatory filings to decode the round break-up, captable, and exact valuation. The board at ProcMart has passed a Continue reading Decoding ProcMarts Series B round, captable and valuation The post Decoding ProcMarts Series B round, ca

Bengaluru-based Return Prime provides a customer return platform which includes a business dashboard for managing returns. The company aims to make it easier for brands, specially smaller ones, to use its services through a plug-and-play model. Beyond basic returns, brands can use the Return Prime platform for automating return logistics, refunds, replacements, and more. We Continue reading Return Prime aims to make return management seamless for brands The post Return Prime aims to make return

Fintech firm Pine Labs has partnered with Emirates NBD, one of the leading banking groups in the Middle East, North Africa and Turkey (MENAT), to bring world class payment acquiring solution to the region. As part of its growth plans, Emirates NBD is expanding its offering by leveraging Pine Labs Credit+ platform to deliver merchant Continue reading Emirates NBD ties up with Pine Labs to strengthen merchant acquiring solutions The post Emirates NBD ties up with Pine Labs to strengthen merchant

Quick service restaurant chain Wow! Momo scaled 3.8X during the last two reported fiscal years as its revenue rose to Rs 413 crore in FY23 from Rs 106 crore in FY21. Despite this spurt in growth, the Kolkata-based companys losses increased marginally during FY23. Wow! Momos revenue from operations surged 87.7% to Rs 413 crore Continue reading Wow! Momo crosses Rs 400 Cr revenue threshold in FY23 The post Wow! Momo crosses Rs 400 Cr revenue threshold in FY23 appeared first on Entrackr .

Go Digit General Insurance has offered Rs 1,176 crore ($141 million) worth of shares to anchor investors as part of its initial public offering. The board at Go Digit General Insurance has passed a resolution to offer 4,32,57,009 equity shares at an issue price of Rs 272 each to its anchor investors, its regulatory filing Continue reading Go Digit raises Rs 1,176 Cr from anchor investors The post Go Digit raises Rs 1,176 Cr from anchor investors appeared first on Entrackr .

Sprect, a C2C consulting marketplace, has raised Rs 50 lakh in angel round from Siddarth (Sid) Shetty, chief business development officer at ServiceChannel. According to Sprect, the funds will be used to ramp up product development, expand its team, drive marketing efforts, and boost sales. Launched by Mohit Khadaria and Vishal Rupani in August 2023, Continue reading Sprect raises angel funding from Siddarth Shetty The post Sprect raises angel funding from Siddarth Shetty appeared first on Entr

DrinkPrime, a subscription-based reverse osmosis (RO) water supplying startup, has raised $3 million from SIDBI Venture Capital Ltd. (SVCL), an investment management company and a wholly owned subsidiary of SIDBI. The Bengaluru-based startup had raised Rs 60 crore ($7.5 million) in a mix of equity and debt round led by Omidyar Network India, others in Continue reading DrinkPrime raises $3 Mn from SIDBI Ventures The post DrinkPrime raises $3 Mn from SIDBI Ventures appeared first on Entrackr .

Sportstech startup Stupa Sports Analytics has raised Rs 28 crore in its pre-Series A round led by Centre Court Capital and PeerCapital. Earlier to this pre-Series A round, Stupa had raised Rs 7.5 crore in seed and pre-seed funding. The proceeds will be used to fuel its talent acquisition, global expansion, and product enhancement initiatives. Continue reading Stupa Sports Analytics raises Rs 28 Cr in pre-Series A round The post Stupa Sports Analytics raises Rs 28 Cr in pre-Series A round appear

Infurnia, cloud-native architecture design software startup, has raised $1.2 million in an angel round led by Yogesh Chaudhary, existing investor and owner of Jaipur Rugs. This brings Infurnias total angel fundraising to $4.9 million across multiple rounds since its inception. Back in September 2020, the Bengaluru-based startup had raised $240K funding from angel investors including Continue reading SaaS startup Infurnia raises $1.2 Mn in angel round The post SaaS startup Infurnia raises $1.2 M

Ambulance service provider Red.Health (formerly StanPlus) has scooped up $20 million in a mix of equity and debt round led by Jungle Ventures. The Series B round also saw participation from Alteria Capital, and existing backers HealthQuad and HealthX. The Hyderabad-based startup had scooped up $20 million in its Series A round led by Healthquad, Continue reading Ambulance startup Red.Health raises $20 Mn in Series B round The post Ambulance startup Red.Health raises $20 Mn in Series B round app

Mumbai-based Mytek aims to provide a unified AI based digital platform for Infra & Civil, IT ITES, telecom, architecture and other engineering services related purposes. Founded in 2020 by Shivkumar Borade and later joined by Ashwajeet Wankhede, Mytek has already scooped up over 100 projects so far. It also has more than 500 certified Continue reading Mytek provides AI-based digital platform for infra, civil, and more The post Mytek provides AI-based digital platform for infra, civil, and more

Marketing SaaS platform Highperformr.ai has raised $3.5 million in its seed round led by Venture Highway, Neon, and DeVC. The round also saw participation from angel investors including Shan Krishnasamy, Sidharth Malik, Suman Gopalan, Arvind Parthiban, Alok Goel, and Tarkeshwar Thakur. The proceeds will be used for R&D on ramping up its AI tools and Continue reading Marketing SaaS platform Highperformr.ai bags $3.5 Mn in seed round The post Marketing SaaS platform Highperformr.ai bags $3.5 Mn i

Celcius Logistics, a domestic aggregator providing end-to-end cold-chain solutions, has secured Rs 40 crore ($4.8 million) in a pre-series B round, led by existing investor IvyCap Ventures. Other investors include Mumbai Angels and Caret Capital. The current round follows the Series A funding round of Rs 100 crore ($12 million) in April 2023 led by Continue reading Celcius Logistics raises Rs 40 Cr in pre-Series B round The post Celcius Logistics raises Rs 40 Cr in pre-Series B round appeared f

Early-stage accelerator fund 9Unicorns has announced the launch of its second fund following a rebranding exercise. As a result of this rebranding, 9Unicorns will now be known as 100Unicorns. 100Unicorns, a part of multistage investing firm Venture Catalysts Group, has launched its second accelerator fund called 100Unicorns Fund II with a target size of $200 Continue reading 9Unicorns launches Fund II with target of $200 Mn, rebrands itself to 100Unicorns The post 9Unicorns launches Fund II wit

Online gold loan platform Rupeek has raised Rs 50 crore from 360 One Large Value Fund (formerly IIFL Wealth Management). Significantly, the companys valuation nosedived by 60% in the new round. The board at Rupeek has passed a board resolution to issue 1,307 compulsory convertible preference shares at an issue price of Rs 3,82,492 each Continue reading Exclusive: Rupeek raises fresh funds at 60% valuation cut The post Exclusive: Rupeek raises fresh funds at 60% valuation cut appeared first on E

BizDateUp Technologies has acquired a 20% stake in Duro Green, an environmental impact startup providing wet waste management services. In addition to financial backing, BizDateUp Technologies is set to collaborate closely with Duro Green to optimize operations, implement automation, and integrate technologies. This strategic partnership will enable Duro Green to accelerate its growth plans and Continue reading BizDateUp Technologies acquires 20% stake in Duro Green The post BizDateUp Technolog

Agritech robotics firm Niqo Robotics (formerly TartanSense) on Tuesday announced that it has raised $13 million in a Series B round led by Brida Innovation Ventures. The round also saw significant investments from new investor Fulcrum Global Capital and existing investor Omnivore. This brings Niqos total fundraising to $21 million including a $5 million in Continue reading Niqo Robotics raises $13 Mn in Series B round to scale globally The post Niqo Robotics raises $13 Mn in Series B round to s

B2B edtech company Classplus has announced stock appreciation rights (SARs) for its customers,vendors and partners. Dubbed as Gratitude SARs, the initiative aims to reward and show appreciation to content creators and educators who have helped shape Classplus, the company said in a press release. Stock Appreciation Rights (SARs) are a form of incentive that gives Continue reading Classplus introduces stock appreciation rights for its customers The post Classplus introduces stock appreciation ri

Joining the league of many companies such as Swiggy, FirstCry, Cars24, Pine Labs, and Pepperfry, meat delivery platform ZappFresh is preparing to go public. Taking the first step towards the process, the Gurugram-based firm is now converting into a public entity. The new name of the company is DSM Fresh Foods Limited, regulatory filings show. Continue reading Exclusive: ZappFresh converts into public company The post Exclusive: ZappFresh converts into public company appeared first on Entrackr .

ANI Technologies, the parent company of ride hailing company Ola, has appointed Ankush Aggarwal as the chief executive officer of Ola Financial Services. His appointment comes on the backdrop of resignation of Hemant Bakshi as CEO of the ride hailing business. Bakshi was leading the mobility business along with a focus on key businesses such Continue reading Ola Electrics CBO Ankush Aggarwal joins Ola Financial Services as CEO The post Ola Electrics CBO Ankush Aggarwal joins Ola Financial Servi

Foodtech major Zomato has decided to voluntarily surrender the payment aggregator and wallet license to the Reserve Bank of India (RBI). In a filing, the company disclosed that its subsidiary Zomato Payments Private Limited (ZPPL) has decided to voluntarily surrender the certificate of authorisation obtained from the RBI to operate as an online payment aggregator Continue reading omato surrenders payment aggregator and wallet license to RBI The post Zomato surrenders payment aggregator and wal

Foodtech and quick commerce platform Zomato on Monday announced fresh employee stock option (ESOP) options for its employees under the new plan: ESOP 2024. The board at Zomato has agreed to adopt and implement Zomatos Employee Stock Option Plan 2024 with fresh 18,26,27,402 stock options for the company, subsidiaries, and associate entities. The resolution is Continue reading omato to add fresh ESOPs worth $455 Mn The post Zomato to add fresh ESOPs worth $455 Mn appeared first on Entrackr .

Foodtech and quick commerce platform Zomato on Monday released its financial results for the fourth quarter of the ongoing fiscal year (Q4 FY24). With the steady expansion, the company has witnessed around 27% increase in its profit along with marginal growth in revenue. Zomatos revenue from operations grew 8.3% to Rs 3,562 crore in Q4 Continue reading omato posts Rs 175 Cr PAT in Q4 FY24, revenue grows 8.3% The post Zomato posts Rs 175 Cr PAT in Q4 FY24, revenue grows 8.3% appeared first on E

B2B cross border e-commerce platform BEYOBO has raised Rs 6.7 crore in its pre Series A2 round that was oversubscribed by 300%. The round has been led by Indian Angel Network and saw participation from International Startup Foundation, SAN Angels along with angels and HNIs. The proceeds will be used to bring more international brands Continue reading B2B cross border e-com startup BEYOBO raises Rs 6.7 Cr The post B2B cross border e-com startup BEYOBO raises Rs 6.7 Cr appeared first on Entrackr

E-commerce major Flipkart is planning to shift its domicile or holding company from Singapore to India, according to a media report. With this, it will join several late stage companies which are also planning to move back to India over the next few months. The domicile shift can be linked to Flipkarts plan to go Continue reading Flipkart targets to shift domicile from Singapore to India The post Flipkart targets to shift domicile from Singapore to India appeared first on Entrackr .

SS Supply Chain Solutions (3SC) has raised Rs 31 crore (approximately $4 million) from existing investors GEF Capitals South Asia Growth Fund. This is the first round of investment for the Gurugram-based company this year. The board at 3SC has passed a special resolution to issue 31,00,000 compulsory convertible preference shares at an issue price Continue reading Exclusive: Supply chain startup 3SC raises fresh funds in new round The post Exclusive: Supply chain startup 3SC raises fresh funds