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funding

FinX raises $6 million seed funding from Elevar Equity

FinX raises $6 million seed funding from Elevar Equity

Thu, Dec 12, 2024

Integrated skilling platform FinX on Thursday said it has secured USD 6 million seed funding from Elevar Equity for product and geographical expansion and diversification into IT skill training, among others.

Fitch affirms IIFL Finance's rating after RBI lifts ban on gold-loan business

Fitch affirms IIFL Finance's rating after RBI lifts ban on gold-loan business

Mon, Nov 04, 2024

Fitch Ratings on Monday affirmed IIFL Finance's ratings with a stable outlook, saying that after the lifting of the ban on new gold-backed lending imposed by the Reserve Bank of India (RBI), the firm's franchise will gradually stabilise.

StartupTN secured funding of Rs 80 cr, formed partnerships with 200 VCs: CEO

StartupTN secured funding of Rs 80 cr, formed partnerships with 200 VCs: CEO

Fri, Aug 30, 2024

StartupTN, backed by the Tamil Nadu government, has secured Rs 80 crore in funding and partnered with over 200 venture capital firms.

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Baby & mother care brand SuperBottoms gets $5 million led by Lok Capital and Sharrp Ventures

Wed, Aug 23, 2023

The series A1 funding round also marked the third investment of DSG Consumer Partners and Saama Capital in the company, which is a testament of SuperBottoms' enduring value proposition and the industry confidence in its continued growth and potential, the company said in a release.

Dunzo is in talks to raise new funding but faces disagreement among shareholders on valuation

Dunzo is in talks to raise new funding but faces disagreement among shareholders on valuation

Tue, Aug 22, 2023

Dunzo, the quick commerce startup, faces a hurdle in raising funds as shareholders clash over valuation. Reliance Retail, holding a 26% stake, opposes a nearly 50% valuation reduction as its $200-million investment in January 2022 could face erosion. Dunzo's struggle in the consumer market has led to its valuation decline.

Kids footwear brand Aretto raises Rs 4.5 crore in funding round

Thu, Aug 17, 2023

Kids footwear brand Aretto has raised USD 550,000 (about Rs 4.5 crore) in a funding round led by cricketer Hardik Pandya, and investment banking firm Veromint Advisors.

Startups need better business model to tide over funding woes: Experts

Startups need better business model to tide over funding woes: Experts

Wed, Jul 19, 2023

Startups need to come up with more economically sustainable business model and tighten their belts to tide over situation created by drop in funding amid global economies facing disruptions, opined players in the segment.

ToolJet raises funding from Microsoft's M12 Fund, GitHub

ToolJet raises funding from Microsoft's M12 Fund, GitHub

Mon, Jul 17, 2023

Open-source low-code developers platform ToolJet has raised funding from M12, the venture arm of Microsoft and cloud-based software development platform GitHub, the company announced Monday.

Amp Energy secures $250 mn funding from SMBC Bank of Japan, ICG, AIIB

Amp Energy secures $250 mn funding from SMBC Bank of Japan, ICG, AIIB

Mon, Jun 12, 2023

Energy transition platform Amp Energy India has secured up to USD 250 million (around Rs 2,061 crore) from SMBC Bank of Japan (Sumitomo Mitsui Banking Corporation), ICG (Intermediate Capital Group), and AIIB (Asian Infrastructure Investment Bank).

Ed-tech firm uFaber secures Rs 25 crores in Series A funding

Ed-tech firm uFaber secures Rs 25 crores in Series A funding

Thu, May 25, 2023

The funding will advance its expansion ambitions, including increased system capacity, improved technology, and a larger team. The online education frontrunners have concrete goals to enrol over 1 lakh students with more than 5,000 trainers onboarded by 2024.

Proptech firm Property Pistol raises Rs 45 cr from investors, includes ICICI Bank, Baring Private Equity Partners

Proptech firm Property Pistol raises Rs 45 cr from investors, includes ICICI Bank, Baring Private Equity Partners

Fri, May 05, 2023

Mumbai-based PropertyPistol was founded in 2012 by IIT alumni Ashish Narain Agarwal and later joined by Tushar Shrivastava as a co-founder. It offers various tech solutions and advisory services to home buyers, real estate brokers, and developers.

Rs 611 crore allocated to incubators under startup seed fund scheme so far

Rs 611 crore allocated to incubators under startup seed fund scheme so far

Wed, May 03, 2023

The government has allocated Rs 611 crore to incubators and out of that, Rs 61 crore was released to startups under the seed fund scheme so far, an official said on Tuesday.

Edtech startup Byju’s raises $700 million: Sources

Edtech startup Byju’s raises $700 million: Sources

Tue, Apr 04, 2023

Byju’s was reportedly struggling with mounting losses after the pandemic-era boom in online tutoring phased out and the fresh capital is estimated to help the edtech firm with its potential debt issues.

Professional networking startup Blue Circle raises fresh round of funding

Professional networking startup Blue Circle raises fresh round of funding

Tue, Apr 04, 2023

Professional networking startup Blue Circle on Monday said it has raised a fresh round of funding from leading CXOs from private equity, tech, healthcare and legal sectors.

Influencer marketing platform One Impression raises $10 million from Krafton, others

Influencer marketing platform One Impression raises $10 million from Krafton, others

Wed, Mar 15, 2023

One Impression, founded by the brother duo Apaksh Gupta and Jivesh Gupta in 2018, will utilise the money to expand its offerings, accelerate product development, and grow its presence in international markets starting with Southeast Asia and the UAE, the startup said in a statement.

Asset management firm Rockstud Capital launches Rs 300 crore fund to invest in startups

Asset management firm Rockstud Capital launches Rs 300 crore fund to invest in startups

Tue, Mar 14, 2023

Rockstud Capital was started in 2017 by Abhishek Agarwal. The investment firm focuses on Indian companies via SEBI-regulated products. Some of its portfolio companies include Money Club, Lilac Insights, BigHaat, Instoried, Knorish, Fabheads, and NOTO.

Canada launches new small modular reactor funding programme

Canada launches new small modular reactor funding programme

Fri, Feb 24, 2023

The Canadian government has launched a new funding programme to support research and development of the country`s small modular reactor (SMR), the next generation of nuclear technologies.

DPIIT to undertake third party assessment of Startup India Seed Fund Scheme

DPIIT to undertake third party assessment of Startup India Seed Fund Scheme

Fri, Jan 06, 2023

The fund was divided into four years for providing seed funding to eligible startups through eligible incubators across India.

National Bank for Financing Infrastructure Development to disburse first loan in FY23; looking to raise funds via bonds

National Bank for Financing Infrastructure Development to disburse first loan in FY23; looking to raise funds via bonds

Thu, Nov 03, 2022

The development finance institution, created to aid in the ambitious infrastructure building targets, is currently involved in assessing various projects across sectors including roads and renewable energy, its managing director and chief executive Rajkiran Rai told reporters here.

Eyewear brand Cleardekho gets USD 5 mn from Sphiticap, others

Wed, Oct 19, 2022

The startup on Tuesday said it will use the funds to expand its operations and product development.

Startup Isthara raises USD 10 million to expand co-living, food court biz

Startup Isthara raises USD 10 million to expand co-living, food court biz

Wed, Oct 12, 2022

Isthara aims to become the market leader in the food court business, where it acts as aggregators and brings established and new brands to one platform.

India startup sector sees 80% drop in Q3 funding, slowdown to continue

India startup sector sees 80% drop in Q3 funding, slowdown to continue

Wed, Oct 12, 2022

The average ticket size also witnessed a drop across all funding stages, with the late stage seeing the biggest fall of over 70 per cent, from $142 million in Q3 2021 to $42 million in Q3 2022.

DotPe raises $58 million, plans to foray into financial services

DotPe raises $58 million, plans to foray into financial services

Mon, Sep 19, 2022

DotPe "plans to foray into financial services", currently serves over 7.5 million brands across the country.

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