During the week, 24 Indian startups raised around $320 million in funding. These deals include 7 growth-stage deals and 13 early-stage deals. Meanwhile, four early-stage startups did not disclose the amount raised. Last week, about 28 early and growth-stage startups collectively raised around $340 million in capital. [Growth-stage deals] Among the growth-stage deals, 7 startups Continue reading Funding and acquisitions in Indian startups this week [06-11 May] The post Funding and acquisitions i

Bollywood actor Suniel Shetty and IT ministry-backed startup Regrip has raised $2 million about Rs 16.7 crore, in a funding round co-led by Qatar-based venture capital Sirious One, Inflection Point Ventures, and Lets Venture. The round also saw participation from a host of angel investors, including EaseMyTrips co-founder Rikant Pitti, TIE Angels chairman Mahavir Pratap Continue reading Sunil Shetty-backed Regrip raises $2 Mn in new round The post Sunil Shetty-backed Regrip raises $2 Mn in new

Urban Company has turned profitable at PBT level (profit before tax) on a consolidated basis in the last month, said two sources aware of the firms financial numbers. The development will potentially smoothen its public listing plan which is likely to happen in the second half of next year (2025). Urban Companys India business has Continue reading Exclusive: Urban Company turns profitable with Rs 7 Cr PBT in April The post Exclusive: Urban Company turns profitable with Rs 7 Cr PBT in April appe

Agritech startup Gramophone has been making its place in the agritech space with over 75% year-on-year growth during the fiscal year ended March 2023. At the same time, losses for the InfoEdge-backed company looked under control compared to other VC-backed agritech startups. Gramophones gross revenue grew 75.6% to Rs 316 crore in FY23 from Rs Continue reading Gramophone posts Rs 316 Cr gross revenue and Rs 58 Cr loss in FY23 The post Gramophone posts Rs 316 Cr gross revenue and Rs 58 Cr loss in

Go Digit General Insurance has announced that its initial public offering (IPO) will open on May 15 and close on May 17. The companys red herring prospectus (RHP) issue comprises a fresh issue of shares worth Rs 1,125 crore and an offer for sale (OFS) of 54,766,392 shares. Its worth noting that the company has Continue reading Digit Insurance to open IPO on May 15 with reduced size The post Digit Insurance to open IPO on May 15 with reduced size appeared first on Entrackr .

Venturi Partners has announced a purchase of a $27 million worth stake in K12 Techno Services from Navneet Learning LLP, subsidiary of Navneet Education Limited. This is the second secondary round in K12 Techno in the last eight months. In a stock exchange filing, Navneet Education Ltd disclosed that it will divest 5.12% stake in Continue reading Venturi picks up over 5% stake in Peak XV-backed K12 Techno for $27 Mn The post Venturi picks up over 5% stake in Peak XV-backed K12 Techno for $27 Mn

Cybersecurity startup Treacle has raised Rs 4 crore in its pre-seed round led by Inflection Point Ventures (IPV). The proceeds will be used to enhance technical and business development, marketing and office expenses, partnerships, and expansion in the Indian market. Led by co-founders Subhasis Mukhopadhyay, Subhajit Manna, and Partha Das, Treacles AI-based deception technology provides Continue reading Cybersecurity startup Treacle raises pre-seed round led by IPV The post Cybersecurity startu

Omnichannel custom furniture platform WoodenStreet has maintained its growth trajectory, achieving over 50% year-on-year sales growth in recent years. Despite the consistent scale, the Jaipur-based firm remained profitable for the past four years. WoodenStreets revenue from operations grew 48.1% to Rs 194 crore in FY23 from Rs 131 crore in FY22, its annual financial statements Continue reading WoodenStreet revenue nears Rs 200 Cr in FY23; remains profitable The post WoodenStreet revenue nears R

Zomato on Wednesday announced a new initiative called Weather Union, which provides hyperlocal real-time information on key weather parameters such as temperature, humidity, wind speed, and rainfall. The service is currently available in 45 cities and will be rolled out to other Indian cities very soon. The real-time weather data comes from more than 650 Continue reading omato launches real-time hyperlocal weather info network The post Zomato launches real-time hyperlocal weather info network

Data and AI governance company Atlan has raised $105 million in its Series C funding round led by GIC, Singapores sovereign wealth fund and Meritech Capital. Existing investors Salesforce Ventures and Peak XV Partners also participated in the round. The firm had already raised $27.5 million tranche in March. Previously, Atlan raised around $50 million Continue reading Atlan raises $105 Mn in Series C round The post Atlan raises $105 Mn in Series C round appeared first on Entrackr .

Atomgrid, an R&D-first platform for contract development, manufacturing and sourcing of specialty chemicals, has raised Rs 10 crore (around $1.2 million) in its seed round led by Merak Ventures. The round also saw participation from Dexter Ventures, Upsparks, Point One Capital and UniCardss founders Nitin Gupta and Prateek Jindal. The proceeds will be used to Continue reading Atomgrid raises Rs 10 Cr in seed round led by Merak Ventures The post Atomgrid raises Rs 10 Cr in seed round led by Mera

The Insurance Regulatory and Development Authority of India (IRDAI) has imposed a penalty of Rs 1 crore on IPO-bound Go Digit General Insurance for inordinate delay in the filing the particulars of the joint venture agreement related to the change in the conversion ratio of compulsorily convertible preference shares (CCPS) issued by its parent company Continue reading IRDA imposes Rs 1 Cr fine on Go Digit Insurance The post IRDA imposes Rs 1 Cr fine on Go Digit Insurance appeared first on Entra

Online B2B travel distribution platform Travel Boutique Online (TBO) has offered Rs 696 crore worth of shares to anchor investors as part of its initial public offering. The board at TBO Tek has passed a resolution to offer 75,70,807 equity shares at an issue price of Rs 920 each to its anchor investors, its regulatory Continue reading TBO raises Rs 696 Cr from anchor investors The post TBO raises Rs 696 Cr from anchor investors appeared first on Entrackr .

D2C brand aggregator GOAT Brand Labs secured $50 million in funding as part of its Series A round at the onset of FY23. The funding powered the company to an over eightfold growth during that period. GOAT Brand Labs revenue from operations surged 746% to Rs 139.6 crore in FY23 from Rs 16.5 crore in Continue reading Tiger Global-backed GOAT Brand Labs scales over 8X in FY23 The post Tiger Global-backed GOAT Brand Labs scales over 8X in FY23 appeared first on Entrackr .

Deep tech AI startup Myelin Foundry has raised $4 million in a new round from SIDBI Venture Capital Limited (SVCL). Other investors include Endiya Partners, Pratithi Investment Trust, and Subh Labh. Last year, the Bengaluru-based startup had raised $3 million in its Series A round led by Visteon Corporation and others. The proceeds will be Continue reading Myelin Foundry raises $4 Mn led by SIDBI Venture Capital The post Myelin Foundry raises $4 Mn led by SIDBI Venture Capital appeared first on

Bengaluru-based log analytics startup Parseable has raised S$2.75 million in its Seed round led by Surge and NP-Hard Ventures. Funds raised will be used to accelerate Parseables innovation in managing the increasing amount of log data generated by todays digital businesses, the company said in a press release. Parseable uses open formats such as Apache Continue reading Log analytics startup Parseable raises $2.75 Mn in seed round from Surge, others The post Log analytics startup Parseable raise

Online fresh meat and seafood ordering platform FreshToHome has been struggling to scale and this is evident from a marginal fall in its revenue during the fiscal year ending March 2023. However, the Bengaluru-based firm managed to cut losses by 22% in the same period. FreshToHomes revenue from operations saw a mere decrease of 1.6% Continue reading FreshToHome earns Rs 25 Cr net commission from India in FY23 The post FreshToHome earns Rs 25 Cr net commission from India in FY23 appeared first o

Cornext, which is building a fodder ecosystem to support dairy cattle farmers, has raised $2.2 million in a seed round from Omnivore. According to Cornext, the funds will be used to ramp up its yearly silage production to 1 million metric ton by 2026 and invest in R&D in baling technology. Founded in 2015 by Continue reading Fodder ecosystem builder Cornext raises $2.2 Mn from Omnivore The post Fodder ecosystem builder Cornext raises $2.2 Mn from Omnivore appeared first on Entrackr .

BharatRohan, an agtech firm focused in drone-based hyperspectral remote sensing, has raised $2.3 million in pre-IPO round from Villgro Innovation Foundation, Caspian, RevX, and Venture Garage. The proceeds will be used on developing proprietary edge computing drones specifically for precise crop monitoring and variable pesticide application, the firm said in a press release. These drones Continue reading Agritech startup BharatRohan raises $2.3 Mn in pre-IPO round The post Agritech startup Bhar

Select Brands, incubated at JITO Incubation and Innovation Foundation (JIIF), has secured Rs 6.5 crore in its Pre-Series A funding round led by Agra Gwalior Pathways and Airen Holdings. Other marquee investors include We Founder Circle, Prataap Snacks, Apricot Foods, Workie, and IVY League Ventures. The funding will be utilised to expand its current operations Continue reading JIIF incubated Startup Select Brands raises 6.5 Cr in pre-Series A The post JIIF incubated Startup Select Brands raises

ICON, an internet-first direct-to-consumer luggage and travel accessories (LTA) startup, has raised $1.2 million in its seed round led by DSG Consumer Partners with participation by a clutch of angel investors. The proceeds will be used to ramp up ICONs existing product line, expand its team, strengthen its distribution network, and boost its innovative portfolio. Continue reading ICON raises $1.2 Mn in seed round from DSG Consumer Partners, others The post ICON raises $1.2 Mn in seed round fro

Management rejig and layoffs at several prominent startups have continued to make headlines this year. For layoffs, startups have cited a familiar reason i.e. redundancies, efficiencies as well as getting a step closer to profitability. As far as management changes go, reasons and circumstances vary. For instance, DealShares CEO position was vacant for a long Continue reading Startups rope in new CEOs amid cash crunch, layoffs, profitability and IPO plans The post Startups rope in new CEOs amid

Digital payments platform PhonePe has continued to be the number one player in the unified payments interface (UPI) ecosystem with a market share of close to 49% in April 2024 across P2M (person to merchant) and P2P (person to person) transactions. PhonePe has maintained the leadership position in the overall UPI transactions for more than Continue reading PhonePe dominates UPI ecosystem with 49% market share in April The post PhonePe dominates UPI ecosystem with 49% market share in April appea

Eternz, a curated vertical marketplace for jewellery, has raised $1.15 Mn in its pre-seed round led by Kae Capital, with participation from Gemba Capital, IIMA Ventures, TDV Partners and Venture Lab. The proceeds will be used to target customers across urban India and partner with international brands to establish their presence, the company said in Continue reading Eternz raises $1.15 Mn in pre-seed funding led by Kae Capital The post Eternz raises $1.15 Mn in pre-seed funding led by Kae Capit