SIG, Exfinity, others write $11 mn cheque to Rezolve
Artificial intelligence-backed employee service desk platform Rezolve on Friday said it has secured Series A funding of $11 million (around Rs 90.7 crore) led by SIG Venture Capital, with participation from Exfinity Venture Partners, 9Unicorns and Tri Valley Ventures. The startup plans to use the fresh funds to scale up its ......
Temasek-EQT’s green energy platform snaps up three assets from PE fund
O2 Power, the Indian renewable energy platform set up by Singapore state investment firm Temasek and Swedish private equity firm EQT, has bought three assets to expand its portfolio, two people with direct knowledge of the deal told VCCircle. The renewable energy company has bought two wind energy and one solar ......
NxtWave raises $33 mn in fresh funding
Hyderabad-based edtech startup NxtWave on Tuesday said it has raised $33 million in a Series A funding round, led by private equity firm Greater Pacific Capital (GPC). Existing venture investor Orios Venture Partners also participated in the current round. NxtWave, founded in 2020 by IIT Bombay, IIT Kharagpur and IIIT Hyderabad alumni ......
Shobitam makes maiden bet with House of Blouse
Ethnic wear brand Shobitam has marked its first acquisition with apparel brand House of Blouse to strengthen its product offerings. However, the financial details of the deal were not disclosed. Founded by Aparna Thyagarajan and Ambika Thyagarajan in 2019, Seattle-based Shobitam claims to be a growing online direct-to-consumer (D2C) platform for ......
Internovo makes maiden bet with Mera Cashier
Internovo Ventures Pvt Ltd on Friday said it has bought fintech platform Mera Cashier in a cash-and-stock deal. This marks Internovo’s first acquisition. However, it did not disclose the financial details of the deal. Internovo Ventures is a joint venture between the family offices of Karan Desai, and Akshay Srivastava. Desai is ......
Zerodha’s Nikhil Kamath, others back superfood brand Nourish You
Nutrivative Foods Pvt Ltd, which runs superfood brand Nourish You, has raised $2 million (around Rs 16.37 crore) in a seed funding round. The fundraise saw participation from a host of investors including Y Janardhana Rao (Triumph Group), Rohit Chennamaneni (Darwinbox), Nikhil Kamath (Zerodha) and Abhinay Bollineni (KIMS Hospitals), among others. The ......
Ixigo invests in e-bus startup FreshBus
Online travel aggregator Ixigo has invested Rs 26 crore (around $3.1 million) in Bengaluru-based electric bus startup FreshBus for the launch of inter-city electric bus services across India. The EV company, which will commence its services simultaneously from Hyderabad and Bengaluru with the launch of 24 electric buses, plans to scale ......
Accel-backed Venwiz raises $8.3 mn in Series A round
Business-to-business (B2B) software-as-a-service (SaaS) platform Venwiz has raised $8.3 million (Rs 68.8 crore) in a Series A funding round, led by Sanjay Nayar's early-stage tech-focused venture capital company, Sorin Investments. The round also saw participation from existing investors Accel and Nexus Venture Partners along with new investors Jafco Asia, Riverwalk ......
Turno raises $13.8 mn from B Capital, Quona, others
Commercial electric vehicle startup Turno on Thursday said it has secured Series A funding of $13.8 million (around Rs 112 crore) co-led by global venture capital firms B Capital and Quona Capital. The round was also participated by existing investors Stellaris Venture Partners and Avaana Capital, with new investors Alteria ......
Unitus Ventures aims ₹300 cr for new fund
Unitus Ventures plans to raise a total of ₹300 crore (about $36 million) for its new Opportunities Fund that will be invested in winner portfolio firms from its first and second fund, said a senior official at the early-stage venture capital firm. Unitus has so far invested in startups such as ......
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