Between April 22 and April 27, Indian startups raised a total of $172.6 million in 21 agreements. Fintech took the lead this week, with entrepreneurs in the area raising $88.5 million through three acquisitions. Seed funding increased by 29% this week to $33.9 million, up from $26.2 million last week. After two weeks of strong investment activity in the Indian startup ecosystem, financing stayed flat between April 22 and April 27. During the week, startups raised a total of $172.6 million across 21 agreements, a 33% decrease from the previous week’s $260.1 million secured over 31 deals. Inves ..read more

As part of the contract, Dhupia has been appointed as a BlackCarrot brand ambassador and will be seen promoting the brand. Yadupati and Vishal, a father-son combo, founded the D2C tableware business, which sells stoneware, glassware, and stainless steel cutlery. The firm claims that its USP resides in its health-conscious products. It presently has over 71 SKUs and has yet to attract money from external investors. Bollywood actress Neha Dhupia has acquired an equity share in the direct-to-consumer tableware firm BlackCarrot. As part of the partnership, Dhupia has been appointed as the startup ..read more

The latest funding will assist the firm in increasing its product innovation. SatSure utilizes satellite data to provide ‘decision intelligence’ for the BFSI, agribusiness, and infrastructure industries. It counts Force Ventures, Luckbox Ventures, and IndigoEdge Advisors as its investors. SatSure, a Bengaluru-based space tech business, has raised undisclosed funds as part of its Series A fundraising round, which was led by Baring Private Equity Partners (BPEP) India and Promus Ventures. TransUnion also participated in the round, taking a minority share. The latest funding will help the firm i ..read more

It seems the Indian startup ecosystem just can’t stop gaining momentum as another blockbuster week of funding activity wraps up. Riding a wave of investor enthusiasm, the country’s innovative companies secured a whopping $243 million across 17 deals to power forward on their growth trajectories.  Source: Inc42 From edtech disruptors to social media juggernauts, startups tackling everything from lending to B2B commerce raked in sizable cash infusions. And with mega-rounds headlining the period, it’s clear backers believe strongly in the potential of these entrepreneurs to transform indust ..read more

Blue Ashva Capital, Mumbai Angel and Indus Capital were some of the entities which took part in the venture funding round through a mix of equity and debt. Bambrew will put the funds into an extension for FMCG and food and beverage packaging, as well as into the production capabilities and research and development section and personnel. The company Bambrew, launched in 2019 by Vaibhav Anant, offers disposable and eco-friendly packaging that is degradable and a way to cut down on single-use plastics. Bambrew, an environmental firm, has secured INR 60 Cr (over $7 Mn) from investors in a Series ..read more

Cohere, an AI startup, seeks to raise $500 million at a $5 billion valuation, with $22 million in annual sales, enterprise AI models, an Oracle relationship, cloud plans, and backing from major investors amid the AI fundraising frenzy. The Toronto-based company’s annualized revenue run rate increased to $22 million this month from $13 million in December when it released the new model Command-R, according to the person, who asked anonymity to discuss secret concerns. Cohere, an artificial intelligence company that builds foundation models to compete with ChatGPT maker OpenAI, is in advanced t ..read more

The latest funding will assist the firm in increasing its product innovation. SatSure utilizes satellite data to provide ‘decision intelligence’ for the BFSI, agribusiness, and infrastructure industries. It counts Force Ventures, Luckbox Ventures, and IndigoEdge Advisors as its investors. SatSure, a Bengaluru-based space tech business, has raised undisclosed funds as part of its Series A fundraising round, which was led by Baring Private Equity Partners (BPEP) India and Promus Ventures. TransUnion also participated in the round, taking a minority share. The latest funding will help the firm i ..read more

It seems the Indian startup ecosystem just can’t stop gaining momentum as another blockbuster week of funding activity wraps up. Riding a wave of investor enthusiasm, the country’s innovative companies secured a whopping $243 million across 17 deals to power forward on their growth trajectories.  Source: Inc42 From edtech disruptors to social media juggernauts, startups tackling everything from lending to B2B commerce raked in sizable cash infusions. And with mega-rounds headlining the period, it’s clear backers believe strongly in the potential of these entrepreneurs to transform indust ..read more

Blue Ashva Capital, Mumbai Angel and Indus Capital were some of the entities which took part in the venture funding round through a mix of equity and debt. Bambrew will put the funds into an extension for FMCG and food and beverage packaging, as well as into the production capabilities and research and development section and personnel. The company Bambrew, launched in 2019 by Vaibhav Anant, offers disposable and eco-friendly packaging that is degradable and a way to cut down on single-use plastics. Bambrew, an environmental firm, has secured INR 60 Cr (over $7 Mn) from investors in a Series ..read more

Cofounder Sachin Dev Duggal has been listed as a suspect in an accused money laundering case, while another cofounder, Saurabh Dhoot, is in dock in connection with an alleged loan fraud case. Builder.ai is an artificial intelligence (AI)-powered software development platform. The company provides technical solutions for creating customized digital products. Court documents obtained by FT revealed that the ED was investigating transactions between 2008 and 2012 that “clearly indicated” that Videocon moved monies to a business created by Duggal in India. Duggal and Dhoot co-founded London-based ..read more