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…
Highlights: Karban Envirotech, a startup specializing in energy-efficient electronic appliances, has secured a seed funding round of Rs 8.93 crore. Led by Titan Capital, Rainmatter, and All In Capital, the funding also saw participation from notable investors such as Urban Company, JK Family Office, and Kunal Shah, among others. The company’s flagship product, Karban Airzone,…
Summary LetsTransport, a key player in urban logistics, has successfully raised $22 million in its Series E funding round. Led by Bertelsmann India Investments (BII) with a $16 million investment, the round also saw participation from other notable investors. This funding will bolster LetsTransport’s expansion plans, focusing on market presence, scaling business verticals, and moving…
Summary Adukale, an Indian direct-to-consumer (D2C) snacks brand, has secured Rs 11 crore (approximately $1.3 million) in a pre-Series A funding round led by Force Ventures. The funding aims to enhance manufacturing capabilities, boost research and development efforts, expand physical presence, diversify distribution channels, and improve brand visibility. Founded in 2009, Adukale aims to strengthen…
Summary BluWheelz, a tech-driven delivery startup specializing in electric vehicle (EV) logistics, has secured $1 million in bridge funding from Venture Catalysts and other key investors. The funding aims to expand BluWheelz’s exclusive EV fleet and drive its innovative logistics solutions across India. With a focus on sustainability, BluWheelz plans to introduce 6-wheelers into its…
Key Points: Saudi Aramco, the giant conglomerate from Saudi Arabia, is eyeing India’s dynamic start-up landscape as it prepares to invest a substantial amount in the country’s burgeoning start-up ecosystem. The company’s venture capital arm, Prosperity7 Ventures, is actively laying the groundwork to enter India and is on the lookout for promising early-stage deals. This…
In a significant development for India’s burgeoning space industry, Hyderabad-based space technology startup Dhruva Space has announced securing USD 9 million (INR 78 crore) in a recent funding round. The investment comes from a consortium of backers including IAN Alpha Fund, Technology Development Board, and several existing investors. This funding injection is part of Dhruva…
