Fabrito Secures Funding from Green Trunk Ventures and Angel Investor Maninder Gulati.
Fabrito, a B2B fabric marketplace and procurement platform, has successfully raised a new funding round led by Green Trunk Ventures and angel investor Maninder Gulati from OYO, among other contributors. The fresh capital injection will be directed towards enhancing Fabrito’s technology infrastructure. This includes the development of a software-as-a-service (SaaS) platform tailored for ready fabric […]
Dice Secures Rs 42 Cr Series A Funding Round Led by Dallas Venture Capital.
Dice, an enterprise spend management platform, has successfully raised Rs 42 crore ($5 million) in a Series A funding round led by Dallas Venture Capital. The funds will be directed towards various go-to-market (GTM) projects to enhance market growth, expand customer reach, improve sales and marketing strategies, and advance the platform’s AI capabilities for a […]
Awign Secures $24.5 Million in Series C Funding from Mynavi Corporation.
Bengaluru-based HR tech startup Awign has raised Rs 203.5 crore, approximately $24.5 million, in its Series C funding round led by Japan-based Mynavi Corporation. With this investment, Mynavi Corporation will hold a 73% stake in Awign. The newly acquired funds are earmarked for business expansion, working capital needs, and general operational purposes. The decision to […]
Pioneers in Internal Audit: The Leading 40 Heads of Internal Audit to Watch in 2024.
Internal auditors play a crucial role in ensuring financial integrity and operational efficiency. This article spotlights the emerging heads of internal audit in India, who are at the forefront of risk management and corporate governance. Sathyananda Prabhu (Head of Internal Audit, Ujjivan Small Finance Bank): Sathyananda Prabhu brings over four decades of extensive experience in […]
CoinDCX Acquires 100% Stake in BitOasis, Expanding Global Reach.
Cryptocurrency exchange CoinDCX has announced the acquisition of a 100% stake in BitOasis, a prominent virtual asset trading platform operating in the Middle East and North Africa (MENA) region. CoinDCX had previously made a strategic investment in BitOasis in August 2023, signalling its interest in the growing MENA market. This acquisition marks a significant step […]
Suzuki Launches Rs 340 Cr Next Bharat Ventures Fund to Support Indian Startups.
Japanese automotive giant Suzuki has unveiled Next Bharat Ventures, an India-focused venture investment arm, with a significant corpus of Rs 340 crore to support early-stage startups. This initiative underscores Suzuki’s commitment to fostering innovation and social impact within the Indian startup ecosystem. Next Bharat Ventures will operate as a subsidiary of Suzuki, with the Japanese […]
Arya.ag Secures $29 Million Funding, Reaches $325 Million Valuation.
Arya.ag, an agritech startup based in Noida, has successfully raised Rs 242.36 crore (approximately $29.2 million) from its existing investors. This marks the company’s first investment round since January 2022. In a special resolution, Arya.ag’s board approved the issuance of 53,695 Compulsorily Convertible Preference Shares (CCPS) at an issue price of Rs 45,137 each, raising […]
EleFant Secures $750K in Seed Round to Revolutionize Toy Library Services.
EleFant, a pioneering mobile app-based toy library, has successfully raised Rs 6 crore (approximately $750K) in its seed funding round. The round was co-led by Venture Catalysts and Malpani Ventures, with significant participation from a roster of notable investors and family offices. The impressive lineup of investors includes Sudhakar Pai, Managing Director of Kurlon Industries, […]
PV Sindhu Invests in Wellness Brand Hoop and Joins as a Brand Ambassador.
Olympic medalist PV Sindhu has invested an undisclosed amount in the wellness brand Hoop, also stepping into the role of brand ambassador. This move signifies an equity-for-promotion deal, blending her athletic influence with the brand’s vision. Hoop, based in Gurugram, previously raised $100,000 in January 2023 through a grant round. The company has been a […]
Oyo Secures $50 Million from InCred at a $2.38 Billion Valuation
Gurugram-based hospitality unicorn Oyo has raised approximately $50 million (Rs 416.85 crore) from InCred Wealth and Investment. This marks the company’s first significant funding round in nearly three years. The board at Oyo approved a special resolution to issue 14,37,41,379 Series G CCPS at an issue price of Rs 29 each, raising Rs 416.85 crore […]
