Funding Alert

Rupeek Raises $15M to Expand Access to Online Gold Loans

June 27, 2024: Rupeek, an asset-backed online gold loan company has raised ₹125 crore (approximately $15 million) in fresh funding, marking the second tranche of their latest round. This fresh capital is expected to accelerate its digital lending adoption.The...

Northern Arc Secures $75M to Drive Financial Inclusion in India

June 25, 2024: Northern Arc Capital Limited, a leading Indian non-banking financial company (NBFC), has secured a significant investment of $75 million from FMO, the Dutch development bank. This funding, facilitated through senior secured non-convertible debentures (NCDs) listed on...

PSA Disruptor Rocketlane Raises $24M to Power AI-Powered Growth

June 24, 2024: Rocketlane, a leading provider of purpose-built Professional Services Automation (PSA) and client onboarding platforms, has secured $24 million in a Series B funding round. The funding will augment its growth plans and AI roadmap.According the company...

Mitsui Second Investment Boosts EKA EV Growth Ambitions

June 22, 2024: Electric vehicle (EV) maker EKA (Pinnacle Mobility Solutions) has raised a second tranche of investment from Japanese trading company Mitsui & Co Ltd. This enables the startup to further boost manufacturing and new product development.This is...

Zepto Doubles Valuation to $3.6B with $665M Fundraise, Targets New Cities

June 21, 2024: Indian quick commerce startup Zepto has secured a staggering $665 million in its latest funding round, catapulting its valuation to an impressive $3.6 billion. The funding round was led by Glade Brook, Nexus, and StepStone Group,...

Indian Tech Funding Shows Signs of Recovery Despite H1 2024 Dip

June 20, 2024: India's tech startup ecosystem witnessed a mixed bag in the first half (H1) of 2024, according to a report by Tracxn. While funding dipped 13% year-on-year (YoY) compared to H1 2023, it displayed a positive 4%...

Unlocking Homes in Central/South India: Ummeed Raises $76M

June 20, 2024: Startup Ummeed Housing Finance, that offers Home Loan, Business Loan, Loan against property to lower & middle income Indian families from the Urban & Semi Urban areas, has raised $76 million in a Series F equity,...

Antler Agreement for Rolling Capital to Invest $10M in 20 Indian Startups

June 19, 2024: Antler India, has launched a new investment model known as Agreement for Rolling Capital (ARC) to augment its backing for early-stage startups. ARC purpose is to help startups progress from mere concepts to securing over $1...

GVFL Prarambh Fund Secures ₹100 Cr; To Invest in 30 Seed Startups

June 19, 2024: Venture Capital firm GVFL's Prarambh Fund, has successfully closed the first tranche of ₹100 Crore. The total corpus of this new seed-stage fund is Rs 200 crore. The firm expects to invest in 25-30 seed startups...

VentureSoul Unveils ₹600Cr Fund for New Economy Startups

July 17, 2024: VentureSoul Partners, has unveiled its maiden Rs 600-crore fund, to invest in new economy startup with sustainable, promising business model.According to a statement, this ector-agnostic fund with a focus on startups engaged in the fintech, B2C,...

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