Punch Raises $7 Million in Seed Round for Enhanced Trading Experience
Stockbroking platform Punch has successfully raised $7 million in its latest seed funding round. The round saw participation from prominent investors including Stellaris Venture Partners, Susquehanna Asia VC, Prime Venture Partners, and Innoven Capital. Notable angel investors such as Kunal Shah (Cred), Vatsal Singhal (Ultrahuman), and Nitish Mittersain (Nazara) also contributed to the funding. The […]
Swiggy Instamart Appoints Sairam Krishnamurthy as Chief Operating Officer
Quick commerce platform Swiggy Instamart has announced the appointment of Sairam Krishnamurthy as Senior Vice President (SVP) and Chief Operating Officer (COO). Based in Bengaluru, Krishnamurthy will oversee the company’s dark store operations, infrastructure, city growth, and expansion initiatives. Krishnamurthy brings over 18 years of leadership experience in FMCG, consumer tech, and retail. His previous […]
Juleo Dating App Secures $2.5 Million in Angel Funding from 180 Investors Including Prominent Unicorn Founders
Dating app Juleo has successfully raised $2.5 million in an angel funding round, drawing investment from over 180 backers. Among the notable investors are Ramakant Sharma, founder of Livspace; Kunal Shah, founder of CRED; Ruchi Deepak, co-founder of Acko; Leo Puri, ex-chairman of JP Morgan India; and Harsh Jain & Lalit Keshre, founders of Groww. […]
Agrizy Secures $9.8 Million in Series A Funding to Expand Agri-Processing Platform
Agrizy, a B2B agri-processing platform, has successfully raised $9.8 million (Rs 82 crore) in its Series A funding round. The round was co-led by Accion and Omnivore, with new investments from Capria Ventures and Thai Wah Ventures, while existing investor Ankur Capital increased its investment. This latest infusion brings Agrizy’s total funding to $17.3 million, […]
CURRYiT Raises Rs 4.5 Crore in Seed Round to Boost Operations and Expand Market Reach
Cooking paste brand CURRYiT has secured Rs 4.5 crore in a seed round co-led by RK Family Trust, Tangent Advisors, and Freeflow Ventures, with additional participation from Ramesh Damani, Ajaya Jain, and others. CURRYiT had previously raised $139K in a round co-led by RPSG Capital Ventures, IIMU, and other investors back in 2021. The fresh […]
Sauce VC Closes Third Fund at Rs 365 Crore, Oversubscribed by 3x
Consumer-focused early-stage venture capital firm Sauce VC has closed its third fund at Rs 365 crore (approximately $43.6 million). The fund was significantly oversubscribed, reaching three times its target within just four weeks. Manu Chandra, the founder and managing partner of Sauce VC, expressed his gratitude and apologies in a LinkedIn post, stating, “The fund […]
MSMEs Can Help Propel India’s $5 Trillion Ambition: The Rizing Equality Entrepreneurship Forum In Delhi
Delhi, August 4th 2024, The Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) partnered with Rizing, a cutting-edge entrepreneurial information network that delves into business, finance, and technology, to host The Rizing Equality Entrepreneurship Forum – The Delhi Chapter. Supported by Blockchain solutions provider Qila and IDBI Bank, this event took place at the India Habitat Centre, New Delhi on the 25th of July 2024. […]
Bloq Quantum raises INR 1.3 Crore in Pre Seed-Round led by Inflection Point Ventures
Bloq Quantum accelerates enterprise adoption of quantum computing with a user-friendly low-code interface. It speeds up quantum algorithm development by 10x, delivering valuable business insights. Designed for both beginners and experts, Bloq Quantum simplifies and expedites the journey into quantum computing. Funds will be used for product development and expanding its team. This investment will […]
Fintech funding hovers around $400 million in 2024
Fintech start-ups raised $61 million in July; Wealth tech emerges as highest funded segment Mumbai, August 4, 2024: India’s fintech industry saw a funding inflow of $61 million in July, taking the total investments of the year to $398 million. Funding in July 2023 stood at $51 million. Interestingly, the Wealth tech sector emerged as […]
Infibeam Avenues Takes Major Leap with 54% Stake Acquisition in Rediff.com
Infibeam Avenues, a prominent player in the fintech sector, has made a strategic move by acquiring a 54% majority stake in Rediff.com India Ltd. This acquisition, financed internally, marks Infibeam’s entry into consumer-facing digital financial services, leveraging Rediff.com’s established presence in news, cloud-based enterprise email storage, and collaboration platforms. This significant investment aligns Infibeam Avenues […]
