startup funding

SoftBank and Alibaba-backed Paytm on Tuesday said it has invested in Mumbai-based lending startup CreditMate. The fintech major, however, did not disclose the investment amount. CreditMate was founded in 2016 by Jonathan Bill, Ashish Doshi and Aditya Singh. The company focuses on secured lending against two-wheelers. As a part of the...

Mumbai based Instinct Innovations has raised a seed round of funding led by Vida Ventures and Dr. Aniruddha Malpani for its Redbook platform. Redbook, already being used by over five hundred pharmacies in Mumbai, acts as the base for a proprietary AI engine that offers deep insights on drug...

Nuvepro, a managed cloud environment solutions provider, today announced that it has raised $400K investment led by 1Crowd and its investor community. The investment will be used to deepen their R&D efforts and continue to expand into the worldwide market. 1Crowd is a unique angel investment platform focused on early...

Perspectico, which is just a little over two-months-old edtech startuo, has raised incubation support and an undisclosed amount of funding from the incubation cell of Delhi University, SIIF. SSCBS Innovation and Incubation Foundation (SIIF) is an outcome of Incubation Policy from Govt. of NCT, Delhi. Perspectico will use the...

Gurugram based food-tech startup Hungry Foal secured a Pre-Series A Funding from GAIL (India) Ltd under GAIL’s startup initiative ‘Pankh’. The agreements were exchanged at ‘Startup Sangam’ - an event organized by Ministry of Petroleum and Natural Gas in the presence of Shri Dharmendar Pradhan, Minister of Petroleum...

Delhi-based i2e1, a smart network layer platform which aims to provide low-cost and free Internet to consumers and actionable analytics to providers, has raised $3 million (about Rs 20 crore) in Series A funding led by impact investment firm Omidyar Network, said a press release. Other investors that participated in...

Artificial intelligence emabled fintech startup Active.Ai, that delivers conversational banking through artificial intelligence (AI), announced a US$ 8.25 million Series A financing led by Vertex Ventures, Creditease Holdings and Dream Incubator. Existing investors Kalaari and IDG Ventures India will also participate in the round. Ben Mathias, Managing Partner at...

Bengaluru based augmented reality-enabled interactive educational games startup Play Shifu, has raised funding in a pre-Series A round led by IDG Ventures and IDFC-Parampara Fund. The startup however did not revealed the amount of funding raised in the round. MobilizAR Technologies Pvt. Ltd, the parent company of Play Shifu, will...

Bengaluru based business-to-business (B2B) travel startup Itilite has raised seed funding from Matrix Partners and a group of angel investors. The startup however did not disclosed the size of capital raised and names angel investors participating in the round. Founded in 2017 by former Myntra employees Kukreja and Anish Khadiya,...

Bengaluru based hardware startup Open Appliances, that manufactures smart locks, has announced that it has raised $550,000 from Axilor Ventures and Kumar Vembu, co-founder of software product company Zoho Corp. The startup plans to use the freshly raised funds further to strengthen its products and enter new verticals. It...