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New Delhi, India - Dharaksha Ecosolutions, a biotech-driven R&D start-up, has secured $2.95 million in seed funding led by Avaana Capital, the company announced in a press release. This latest funding round brings the total funding secured by the company to over $2.5 million. The company plans to utilize the proceeds from the funding round to expand its production capabilities, intensify research and development practices, and strengthen its market presence. Dharaksha Ecosolutions, co-founded by Anand Bodh and Arpit Dhupar in 2020, aims to replace conventional plastic and petroleum-based packaging with sustainable alternatives made from agricultural waste. Dharaksha's innovative approach utilizes agricultural waste as a feedstock to develop mycelium-based packaging materials...

Mumbai-based digital therapeutics startup, Wundrsight, has raised $400,000 in its seed funding round led by Inflection Point Ventures, with participation from Social Alpha and several angel investors. The latest investment will enable the startup to strengthen its hospital and clinic partnerships network across India and advance its Virtual Reality (VR) based mental health solutions. Co-founded by Raunak Swarnkar, Wundrsight is focused on leveraging the immersive capabilities of VR to digitize and standardize mental health therapy. Backed by prominent investors including Meta (Facebook parent), DLabs at the Indian School of Business, IIT Mandi Catalyst, and NASSCOM, the startup has established itself as a pioneer in the digital mental health space. Key Highlights: Wundrsight has...

Consumer lending platform Moneyview has reached the unicorn status after securing substantial investment from its existing investors, Accel India and Nexus Ventures. This new round of funding has valued the company at around ₹10,086 crore or $1.2 billion (post-allotment). As per regulatory filings, Moneyview has issued 60,23,382 equity shares at an issue price of ₹64.15 each, raising approximately ₹38.64 crore ($4.65 million) in the ongoing funding round. Accel India has invested ₹29 crore, while Nexus Ventures has pumped in ₹19 crore. Notably, this is not the only recent development at Moneyview. Earlier this week, the company announced the acquisition of Jify.co, a platform that enables employees to access their earnings on demand. This strategic move is expected to strengthen Mon...

Mumbai, India - July 11, 2022 - GameEon, a leading game development studio, has announced that it has secured $1 million in its latest funding round. The investment was co-led by a group of prominent investors including SucSEED Indovation Fund, ICE VC, IAN, CD EQUIFINANCE, Nexus Global Opportunities Fund, Vivek Goel, Patni Family, and Tal64. This fresh funding round is a significant boost to the company, which had earlier raised $500,000 for product prototyping and market testing. GameEon has conducted trials in 12 countries and gathered insights from over 5,000 gamers globally, showcasing the company's dedication to creating high-quality gaming experiences. The new funding will be utilized to accelerate the development of AA and AAA games for PC and console, as well as the launch o...

Gurugram-based jewelry startup Trisu has secured an undisclosed amount of investment in a pre-seed funding round, co-led by All In Capital, JK Tyres, and Amaanta Group, with participation from angel investors Himanshu Aggarwal and Sumer Sethi. The funds, which will be primarily used to enhance customer acquisition, drive product innovation, and support market expansion, are expected to propel the company's growth plans. Trisu, founded by Saloni Chopra in 2023, specializes in gold vermeil jewelry with 18-karat gold plating that is five times thicker than standard gold plating, using silver as the base metal. The company aims to provide affordable gold alternatives to Indian consumers, particularly those aged 30-60, who can enjoy high-quality jewelry at a fraction of the cost of solid...

Growth capital firm Playbook Partners has reached a milestone with a first close, securing over $130 million in funding from investors from across the globe, including Europe, the US, the Middle East, and India. The fund has an option to grow up to $250 million, leaving room for further investments. Growth Stage Investments Playbook's primary focus is on partnering with growth-stage, tech-enabled businesses in large addressable markets. The firm, led by Vikas Choudhury, targets companies with positive unit economics and the potential to scale sustainably to market leadership. By merging capital with expertise, Playbook aims to provide a unique value proposition to its portfolio companies, utilizing a data-driven and strategic approach. Diversified Investing Experience Choudhur...

Mobile advertising network software firm, InMobi, has announced that it has secured $100 million in debt financing from MARS Growth Capital, a collaboration between MUFG and Liquidity Group. This significant investment will support the company's ambitious plans for the development of artificial intelligence (AI) and strategic acquisitions, allowing it to offer brands and consumers more immersive and personalized experiences. Key Highlights: InMobi has secured $100 million in debt financing from MARS Growth Capital to propel its AI development and strategic acquisition plans. The company aims to offer brands and consumers more immersive and personalized experiences beyond traditional ad units. This is InMobi's first major funding round after a five-year gap, following a string...

The Abu Dhabi Investment Authority (ADIA) has led a significant investment of $120 million in Mumbai-based beauty and grooming platform, Purplle, in July. This funding comes on the back of a remarkable 43% year-on-year surge in revenue for the fiscal year ending March 2024. Purplle's growth story is impressive, with revenue from operations increasing to Rs 680 crore from Rs 475 crore in FY23. The company has diversified revenue streams, including: Advertising and visibility services: Primary source of income Sales of own labels: Successful brands like Faces Canada and Good Vibes Royalties (from sellers) Subscriptions Support services Interest on investments added another Rs 45 crore to its total income, taking it to Rs 725 crore in FY24, up from Rs 509 crore in ...

Mumbai, Zivy, a cutting-edge AI tool that helps prioritize workplace messages and tasks, has secured $1.2 million in a pre-seed funding round co-led by prominent venture capital firms, including Blume Ventures, Paradigm Shift Capital, iSeed, Everywhere Ventures, Indian Silicon Valley, and Marsshot Ventures. Angel investors, such as Ashwin Bhatnagar, Anand Balaji, and Razorpay co-founders Harshil Mathur and Shashank Kumar, also joined the round. The freshly-minted funds will be allocated towards further enhancing the company's product development and expanding its research and development team, as per Zivy's announcement. The platform, founded in 2023 by Prashanth YV and Vivek Karna, aims to help managers and leads by providing a personalized "copilot" to stay organized and manage their...

FlexiLoans, a Mumbai-based Non-Banking Financial Company (NBFC) and fintech lender, has raised approximately $35 million (Rs 290 crore) in its Series C funding round led by global investors Accion, Nuveen (the investment manager of TIAA), and Fundamentum, alongside existing backer Maj Invest. Key Highlights of the Funding The funding round is valued at approximately $35 million (Rs 290 crore). Accion, Nuveen, and Fundamentum led the round, with Maj Invest also participating. FlexiLoans plans to use the funds to scale its operations, broaden its product portfolio, and enhance its technological infrastructure. The company has already raised $16 million in debt financing this year, including $9 million from JM Financial and $7 million from Vivtri AMC. About FlexiLoans ...