Key Points: In a groundbreaking initiative set to redefine the landscape of business education in India, Scaler, a distinguished education provider, has announced a massive investment of Rs 50 crore into its newly established Scaler School of Business (SSB). This significant financial commitment underscores the organization’s dedication to nurturing a fresh cohort of business leaders…
Daily Indian Startup News and Funding Alert – 29 July 2024 Funding News D2C haircare brand Moxie Beauty raises Rs 17.3 Cr Moxie Beauty, a D2C haircare brand based in Gurugram, has raised Rs 17.3 crore ($2.1 million) in funding led by Fireside Ventures. This round also saw participation from a group of angel investors,…
Medulance, a leading provider of emergency healthcare services, has announced the successful closure of its Series A funding round, raising a significant $3 million. The investment, led by Alkemi Growth Capital, signals a major milestone for the company as it gears up to expand its operations and enhance emergency healthcare standards across India. Co-founder and…
Key Points In a dynamic display of resilience and growth, the Indian startup ecosystem garnered over $161 million in funding during the third week of May 2024, showcasing a diverse array of sectors attracting investor interest. A Recap of Recent Weeks: The third week’s funding surge followed a robust beginning to May, where startups secured…
Key Points InstaAstro, a leading online astrology platform, has secured a significant investment of Rs 18.50 crore (approximately $2.3 million) in a pre-Series A funding round led by Artha Venture Fund. The funding round also witnessed participation from LogX Ventures, Singularity Ventures, IR Capital Partners, Blume Founders Fund, and Aloke Bajpai, MD & CEO of…
Key Points Poshn, a promising player in the foodtech industry, has successfully secured $4 million in its pre-Series A funding round, a testament to its growing influence and potential in the market. The funding, which includes $2 million in debt, was led by Prime Venture Partners and Zephyr Peacock India. This recent injection of capital…
Key Points: Indian cricket sensation Shikhar Dhawan has ventured into the world of fashion eyewear through a strategic partnership with the emerging eyewear brand QUE. In addition to investing in the company, Dhawan will also serve as a partner and brand ambassador for QUE, marking a significant milestone in his entrepreneurial journey. QUE, a startup…
Key Points: The first week of May has heralded a resurgence in venture capital inflow into Indian startups, showcasing a promising beginning for the month. After a notable slump in the final week of April, where capital raised saw a dip, the entrepreneurial landscape bounced back with renewed vigor, witnessing a significant uptick in funding…
Highlights: Capria Ventures, a venture capital firm specializing in the Global South, has successfully concluded the final close of its India Opportunity Fund, amassing an impressive Rs 153 crore (approximately $19 million). This fund aims to support approximately eight breakthrough portfolio companies, signaling a significant boost for the region’s burgeoning startup ecosystem. The journey to…
Summary Northern Arc, a prominent non-banking financial company (NBFC), has received a substantial $80 million investment from the International Finance Corporation (IFC), a member of the World Bank Group. This funding, comprising both debt and equity components, marks a significant milestone for Northern Arc, empowering its mission to expand services and improve credit access across…
