Jungle Ventures leads $20 mn Series B round in RED.Health
Medical emergency response platform RED.Health, which claims to dispatch ambulances within eight minutes, has raised $20 million (Rs 167 crore) in its Series B funding round led by venture capital firm Jungle Ventures. The funding round also saw participation from existing and new investors including HealthQuad, HealthX, and Alteria Capital. The fresh funds will ......
Niqo Robotics snags $13 mn in Series B round
Agriculture robotics startup Niqo Robotics Wednesday said it has raised $13 million (Rs 109 crore) in its Series B funding round that was led by Bidra Innovation Ventures. The round also saw investments from new investor Fulcrum Global Capital and existing investor Omnivore. This funding round brings Niqo’s total fundraising to $21 ......
Cold-chain marketplace Celcius Logistics snags $5 mn In pre-Series B
Celcius Logistics, a domestic aggregator providing end-to-end cold-chain solutions, Tuesday said it has raised Rs 40 crore ($4.8 million) in its pre-Series B funding round led by existing investor IvyCap Ventures. Other investors participating in the funding round included Mumbai Angels and Caret Capital. The latest funding follows the Series A funding round of ......
Deals Digest: Funding value surges on back of big-ticket financial services deal
Private equity (PE) and venture capital (VC) investment saw a substantial jump in terms of value, propelled by a large PE investment in the financial services space. Deal volume, however, dipped slightly this week with the overall number reducing by three deals as compared to the week before. Startups this week raised ......
MENA Digest: WheeKeep, Airwater, Lune raise funding; Beco Capital gets an exit
Funding activity in the Middle East and North Africa region during the week was led by a slew of UAE and Saudi Arabia-based tech-backed startups. While Saudi logistics player Wheekeep secured growth-stage funding, the UAE-based proptech startup Property Finder raised debt financing to provide an exit to its first institutional ......
Searchlight: How a bootstrapped tour and travel firm stood its ground as peers struggled
India’s tour and travel services sector has gone through much disruption over the last decade with several companies folding up or merging with bigger competitors despite raising venture capital funding, but a handful of bootstrapped operators have managed to defy the odds. Mumbai-based Akbar Travels of India Pvt. Ltd is ......
InCred Alternatives' Singla on latest PE fund thesis, sweet spots, exits and more
InCred PE, part of the financial services group InCred that has offerings across lending, wealth and asset management, marked the first close of its maiden private equity fund in March this year at about Rs 330 crore. The fund raised capital from large HNI/UHNI investors. IGPF-I is targeting a final close of ......
Dubai's DFDF plans to deploy half corpus by this year across direct, fund-of-fund bets
Dubai Future District Fund (DFDF), the region’s first evergreen venture capital fund-of-fund, aims to hit the halfway mark of its initial corpus in terms of deployment by the end of the current year, three years since its launch, according to a top company executive. Eyeing startups in the generative AI, climatetech ......
Matel, three others secure early-stage funding
E-mobility startup Matel, spiritual tech startup InstaAstro, local savoury startup The Betel Leaf Co and co-working startup Stylework secured early-stage funding, the companies said on Wednesday. Matel Matel has raised $4 million (Rs 33.4 crore) in a Series A funding round led by Transition VC. The round also saw participation from Nikhil Kamath’s Gruhas and Haresh ......
Bottomline: How PlasmaGen Bio plans to break its streak of revenue stagnancy
Bengaluru-based biopharmaceutical company PlasmaGen Biosciences Pvt. Ltd, backed by venture capital firm Eight Roads Ventures, is poised to break out from a stagnant revenue run-rate, as it shifts towards majority in-house manufacturing, top company officials informed VCCircle. While the company’s topline has been stuck in the range of Rs 100-110 crore ......
