OneCell Diagnostics, Abyom SpaceTech, two others bag early-stage fundings
OneCell Diagnostics, Abyom SpaceTech & Defence, CredFlow, and Order For Health secured early-stage funding, the companies said Thursday. OneCell Diagnostics Genomics-based precision oncology firm OneCell Diagnostics has raised $16 million (Rs 135 crore) in a Series A round, led by venture capital firm Celesta Capital. The round was oversubscribed, it said. The diagnostics ......
Venture capital firm RPSG Capital to rope in top Orios executive
Early-stage venture capital firm Orios Venture Partners, which is an investor in companies like Country Delight, ixigo, BeatO and Pharmeasy, suffered another top management exit, a year after partners Anup Jain and Rajeev Suri quit to float their own firm. Currently deploying capital from its $120-million fund, Orios’ chief financial and ......
Zopper onboards Elevation, Dharana Capital on its cap table in $25 mn round
Insurtech platform Zopper said on Thursday that it has raised $25 million in a Series D funding round, co-led by Elevation Capital and Dharana Capital, along with the participation from existing investor Blume Ventures. Zopper will use this fresh funding to ramp up its digital technology infrastructure by strengthening its insurance ......
Women founders-focussed Colossa Ventures looking to tap offshore LPs for maiden fund
Venture capital investor Colossa Ventures, which focusses on funding women entrepreneurs, is in talks to rope international limited partners (LP) for its maiden investment vehicle, a person aware of the matter told VCCircle. The Mumbai-based firm, which was floated by former executives of Crisil and Aditya Birla Private Equity, is in ......
Blitz, Doodhvale Farms, Taqtics raise early-stage funding
Quick commerce logistics enabler Blitz, D2C dairy Doodhvale Farms, SaaS startup Taqtics have raised early-stage funding, companies said Wednesday. Blitz Blitz, a quick commerce logistics enabler, has raised Rs 51 crore in a Series A funding round, led by IvyCap Ventures. The fresh infusion will help enhance its 60-minute delivery infrastructure and expand ......
Deal activity slow, but Indian wine sector may see more JVs: Report
By Prithvi Durai Deal activity in the Indian wine industry may seem to have stagnated, but several international wine brands are likely to forge joint ventures and partnerships with Indian players with evolution of India’s wine culture, Prowess Advisors said in its latest report, pegging the sector as “moderately attractive”. There ......
GPS ropes in former civil servant Deepak Agarwal to head project development arm
Bangalore-based biogas engineering firm GPS Renewables Pvt Ltd, which is backed by SBICap Venture, has appointed Deepak Agarwal, a former civil servant and green energy industry veteran to head its project development arm ARYA. Agarwal has worked across domains such as waste management and bio-CNG for over three decades and both ......
Saudi VC SEEDRA onboards sovereign investor as LP for second fund
SEEDRA Ventures, a Saudi Arabia-based venture capital firm that backs early-stage companies and currently manages a portfolio of 26 startups, has secured a commitment from a local sovereign investor for its second outing. The Riyadh-based VC firm has onboarded Saudi Arabia’s Public Investment Fund (PIF)-owned Jada Fund-of-Funds as a limited partner ......
After Swiggy, another portfolio firm of Prosus draws up plan for mega IPO
Global technology investor Prosus had recently monetised its investment in Swiggy when the food delivery and quick commerce company went for a public listing. Now, Prosus is readying another of its portfolio firm, for yet another mega IPO. Homegrown ecommerce player Meesho, which competes with the likes of Amazon and ......
Proost, Swish, PeLocal, Theranautilus bag early-stage cheques
Proost, Swish, PeLocal and Theranautilus have secured early-stage investments ranging between $1.2 million (Rs 10 crore) and $3.5 million, the companies said on Tuesday. Proost Beer startup Proost has raised Rs 30 crore ($3.5 million) in its ongoing Series-A investment round led by existing investor Chimes Group and former Porus Labs CEO Srinivasan ......