IPV-backed B2B startup Aksum’s revenue doubles in FY24
Aksum Trademart Pvt. Ltd, a business-to-business supply chain startup backed by Inflection Point Ventures (IPV), said Thursday its revenue more than doubled to Rs 240 crore in the financial year ended March 2024 The company also said its profit before tax grew by more than 700% during the year. It didn’t ......
Beyond Capital backs Clinikk, Fasal; Seekho, five other startups get funding
Venture capital firm Beyond Capital Ventures said Thursday it has completed deployment from its second fund with investments in Indian startups Clinikk and Fasal while six other startups including fintech firms QuID Cash and Curie Money and edu-tech startup Seekho said they have secured early-stage funding. Beyond Capital Ventures BCV, a women-led ......
South African PE Sanari Capital marks final close of second fund, stops short of hard cap
Sanari Capital, a South African private equity firm that focuses on mid-market growth companies in Sub-Saharan Africa, has marked the final close of its second investment vehicle. However, the firm fell short of its hard cap by around 20%. The Sandton-headquartered PE firm raised $80 million in a final close of its 3S ......
Pi Ventures bets on Quanfluence; Kirana Pro raises early-stage funding
Photonic quantum technology startup Quanfluence and quick commerce startup KiranaPro have raised early-stage funding, companies said on Wednesday. Quanfluence Quanfluence has raised $2 million in a seed funding round led by pi Ventures, with participation from Golden Sparrow, Quantum Ecosystems Founder and CEO Reena Dayal, and others. The company plans to utilise the ......
Prorata Secures Undisclosed Strategic Investment from Hindustan Media Ventures Limited, Propelling India’s First Fractional Car Ownership Platform to New Heights
Prorata, a Bangalore-based start-up, has announced a strategic investment from Hindustan Media Ventures Limited (HMVL), further accelerating the growth of India’s first fractional car ownership platform. The funding underscores the company’s innovative approach to revolutionizing how Indians experience premium, luxury, and off-road vehicles. Revolutionizing Car Ownership in India Founded by visionary entrepreneur ......
Sorenson Capital, PayPal Ventures back Bureau in Series B round
Bureau, a business-to-business (B2B)-focused identity verification and fraud protection platform, said Tuesday it has raised $30 million (about Rs 250 crore) in Series B funding led by American venture capital firm Sorenson Capital, a top executive told VCCircle. PayPal Ventures, the global corporate venture arm of PayPal, also joined as a new ......
Blue Tokai backer White Whale Ventures plans secondaries fund
Mumbai-based financial services firm White Whale Partners, which has a venture capital arm and also offers portfolio management services, is planning to roll out a secondaries fund within the next few months, a person aware of the development told VCCircle. White Whale, which has invested in companies such as coffee brand ......
MENA Digest: UAE startups lead funding activity; CredibleX, Anghami secure $55 mn each
UAE tech startups led funding activity in the Middle East and North Africa region this week, raising growth capital to expand their businesses. While Web3 banking startup Klickl raised double-digit growth funding, fintech CredibleX secured a mix of equity and debt capital to scale its business. Other startups that raised ......
Micro VC firm Warmup Ventures floats second fund with $35 mn target
Jaipur-based micro venture capital firm Warmup Ventures Tuesday said it has launched its second investment vehicle, Warmup Fund II, with a target corpus of Rs 300 crore ($35.3 million). The fund, which will primarily invest in seed and pre-seed stage companies, has a sector-agnostic approach but will prioritise investments in areas such ......
Best Fixed Depssosit options to achieve your Financial Goals
If you are searching for a safer-sound investment practice with minimal risk, then Fixed Deposit (FD) is a very good option. Selecting the one that fits your financial objective can be costly for several FD schemes available in the market. This post takes you through some crucial points to be ......
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