Funding Alert

Musk’s AI Star xAI Leaps Ahead with $6B Funding, Targets Market Launch

May 27, 2024 - Elon Musk's artificial intelligence (AI) startup, xAI, has secured a whopping $6 billion in a Series B funding round. This significant investment brings to the spotlight the ongoing AI race, with xAI readying to beat...

Union Bank ₹250Cr Bet on Navanaami Project, Signals Broader Industry Optimism

May 25, 2024: In a move that could signal renewed confidence in the Indian luxury housing market, Hyderabad-based developer Navanaami Projects Private Limited has secured a significant funding of Rs 250 crore from Union Bank of India for its...

Finvolve closes ₹100Cr debut fund to invest in scalable startups

May 24, 2024: Finvolve, a B2B netfork for startup investments declared that it has closed its maiden funds at a total corpus of Rs 100 crore, with firm commitments from prestigious families and marquee investors.Finvolve enables wealth managers to...

Dvara KGFS secures $10M to enlarge financial services in remote rural India

May 24, 2024: Dvara Kshetriya Gramin Financials (Dvara KGFS) has secured $10 million in debt to further increase access to it's financial services in remote rural India.Dvara KGFS’s success in delivering financial services to even the most remote rural...

Portl Secures $3M to Advance AI Fitness Solutions and Global Expansion

May 23, 2024: Portl, a promising startup in the Digital Health, Fitness & Wellness Technology industry, has successfully raised $3 million (approximately INR 25 crore) in an undisclosed funding round. This round was led by Bharat Innovation Fund (BIF)...

SAVE Group raises $13M to amplify large-scale rural financing

May 22, 2024: SAVE Group, an end to end banking services provider focussed on serving rural communities has raised $13 million from Incofin India Progress Fund and Maj Invest through their Incofin India Progress Fund and Maj Invest Financial...

Crypto Startup Funding Surges in Q1 2024, Reaches $2.4B: Report

May 21, 2024: Crypto startup funding has soared for the second consecutive quarter, reaching an impressive $2.4 billion in the first three months of 2024.PitchBook’s latest data reveals that investor appetite was whetted by expectations of lower interest rates...

IVY Growth Unveils ₹250Cr Arigato Capital for High-Impact Startups

May 20, 2024: Micro venture capital fund IVY Growth Associates has unveiled Arigato Capital, a SEBI-registered Category I AIF VC fund, with a total target corpus of Rs 250 crore.The Surat-based VC fund and its network has invested...

Rs. 1800 Crore Funding Rush in 7 Days : Indian Startups on a High

May 19, 2024: India's burgeoning startup ecosystem witnessed a surge in funding activity last week, with 26 startups raising over $239 million. This positive trend highlights the growing investor confidence in Indian innovation.Growth-Stage Deals Drive InvestmentThe funding spree was...

Propelld’s Edgro Secures $25M to Democratize Education Lending

May 18, 2024: Bengaluru-based education-focused fintech platform Propelld announced its NBFC subsidiary, Edgro, has secured over $25 million in debt financing just six months after launch. This strategic move strengthens Propelld's mission to democratize access to education, particularly in...

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