Private equity / VC

Indus for Cashify with Desai & D on online sales platform’s $15m Series D

“Cashify has in a Series D funding round raised $15 million from private equity Olympus Capital’s clean energy and sustainability arm, Asia Environmental Partners. Including this, the online reseller has raised a total of $40 million so far. The Gurugram-based startup last raised funds in 2018 from ...

AZB for 3 investors with NDA on Urban Company’s $188m Series F to join unicorn club

Home services firm Urban Company has been valued at $2 billion, more than double from late 2018, after raising a $188-million round led by Prosus Ventures (Naspers), as per regulatory filings accessed via Tofler. — Moneycontrol Backed by marquee investors, Urban Company’s valuation rose up to USD 2 ...

Phoenix helps fintech unicorn Pine Labs again on $285m fundraise with NDA, AZB, Khaitan, Gledhill, Simmons, Goodwin

Pine Labs, the digital payments and commerce solutions provider to merchants, said it has raised $285 million in new funding from public market crossover investors, including Marshall Wace, Baron Capital Group, Duro Capital, Moore Strategic Ventures and Ward Ferry Management. Its existing investors—...

Sahai, Indus act on Elevation Cap’s $2.25m seed round into women activewear brand BlissClub

Women’s activewear brand BlissClub has raised $2.25 million in seed funding led by Elevation Capital. Existing angel investors Neeraj Arora (ex-CBO, WhatsApp), Kunal Shah (founder, CRED), Rahul Mehta (… DST), Pam Lee (ex-Lululemon executive), Ashish Goel (founder, Urban Ladder), Chakradhar Gade (fou...

AZB on NBFC Ess Kay Fincorp’s $45m Series E by TPG, Norwest, Evolvence

Ess Kay Fincorp Ltd, a non-banking finance company, has raised ₹337 crore in a Series E funding from TPG Growth, Norwest Venture Partners and Evolvence. The company’s promoter Rajendra Setia also invested in this round. With this investment, the firm has raised over ₹1,000 crore of external capital ...

Indus, Rajaram, CAM on Matrix, Sequoia’s $10m maiden funding into Mosaic Wellness (Dec ‘19)

Mosaic Wellness, a consumer brands company raised $10 million in its maiden funding round from Matrix Partners India and Sequoia Capital India, along with SAIF Partners, according to reports . Two prominent venture capitalists have come together to launch Mosaic Wellness, a consumer brands company, ...

SAM for Qure.ai with Algo on $16m Series B by Sequoia (Feb ‘20)

Healthcare startup Qure.ai has raised $16 million in a funding round led by Sequoia India, it said on Thursday. MassMutual Ventures Southeast Asia, the investment arm of US-based life insurer MassMutual, also participated in the round. — Mint Qure.AI is engaged in the business of providing artificia...

Samvad, ELP on health-tech Genworks $8.8m raise by Somerset Indus Capital (May ‘19)

GenWorks, a health-tech startup spun off by General Electric’s (GE’s) healthcare arm Wipro GE Healthcare has raised Rs 65 crore from PE firm Somerset Indus Capital Partners for a 30% stake. — The Times of India Samvad Partners advised Genworks Health Private Limited on all aspects of the transaction...

Samvad, Anoma on Samsung Ventures India debut of $5.75m into Mumbai-based OSLabs (May ‘19)

Samsung Venture has made investments in a system apps company OSLabs (Indus OS), speech technology startup Gnani.ai, IoT solutions provider Silvan Innovation Labs and an early-stage computer vision startup, whose name it did not disclose. — Mint Samvad Partners advised Samsung Ventures led by a team...

DSK, JSA on CaptainFresh $2.3m pre-Series A from Ankur Cap, Incubate Fund (Aug ‘20)

Freshwater fish and seafood supply chain platform Captain Fresh on Monday said it has raised USD 2.3 million (over Rs 17 crore) from investors, including Ankur Capital. In pre-series A round of funding, Incubate Fund India and Silicon Valley-based angel investors also participated. — Cnbctv18 DSK Le...

CAM for e-doctor Practo with Rajaram on $23m Series D2 from VCs

Online healthcare portal Practo has raised $32 million (Rs 240 crore) in a new round of funding led by Chinese life insurance conglomerate A1A Company and joined by existing investors Tencent, Sequoia Capital, Sofina Ventures, Matrix Partners, G Capital, and RTP Global, The Ken first reported on Fri...

Sarvaank, Indus, Burgeon on fintech Findeed’s seed fundraise

Bangalore-based fin-tech startup Findeed Solutions, has raised seed funding from Venture Highway, Anicut Angel Fund and First Cheque. The startup is expected to use the capital for hiring fresh talent across profiles and fueling business growth, as reported by The Economic Times . Sarvaank Associate...

Desai & D acts for Inflexor DeepTech Fellowship investment in Vitra.ai translation

Inflexor Ventures, a deep-tech VC, has invested an undisclosed amount in content translation platform, Vitra.ai, as a part of its DeepTech Fellowship Programme with Venture Capital firm 100X.VC. — Yourstory With the investment, it is expected that Vitra.ai’s unique global market offering will help e...

IC, Acuity act on agri-IoT Krishitantra’s $1m investment by Nabventures, Omnivore

Krishitantra, a soil-tech platform, has raised $1 million (Rs 7.6 crore) in its seed round of funding from agritech-focused venture capital investor Omnivore and Nabventures. Nabventures is anchored by Nabard (National Bank for Agriculture and Rural Development). It has other investors as well. The ...

DSK, NDA, Vertices, Indus on Teachmint’s $16.5m Series A from Learn Cap, MV Opp

Edtech startup Teachmint said it has raised $16.5 million in Series A funding led by Learn Capital. Existing investors Lightspeed and Better Capital also participated in the round, along with CM Ventures. The fresh infusion of capital is expected to be used for hiring talent, R&D on teaching te...

Sahai & Co, Rajaram on agri-tech startup VeGrow’s $2.5m seed round

VeGrow has raised $2.5 million in seed funding led by Matrix Partners and Ankur Capital, as the aggregator of small farms looks to bring economies of scale to Indian farmers using technology. Better Capital, Titan Capital, Sanjiv Rangrass, CEO of ITC’s agri business, Cloudnine founder Rohit MA, Livs...

AZB acts for Tiger Global on $15m INDwealth wealth management website stake buy (Jul ‘19)

Wealth management platform INDwealth, founded by Ashish Kashyap, the former chief executive of travel portal Ibibo, said on Thursday that it has raised $15 million in funding from US-based investment fund Tiger Global Management, one of India’s most prolific technology startup investors. — Mint AZB ...

AZB acts on Translumina Therapeutics buy of Integris Health (May ‘19)

Acquisition by Everstone of a significant stake in Integris Health Private Limited and TTL from its existing promoters, according to reports . AZB & Partners advised Translumina Therapeutics LLP , a wholly owned subsidiary of Integris Health Private Limited led by a team of partners Gautam Saha...

Khaitan for Bitkraft’s $4.3m Series A into gaming platform Gamezop (2020)

Delhi-based Gamezop , a multi-game platform has raised Series A funding of Rs 32 crores ($4.3 million) from Bitkraft Ventures, Velo Partners, and FJ Labs. — YourStory Other investors involved in the funding round were AECAL Asian E-Commerce Alliance GmbH and Suvam Partners. Khaitan & Co advised...

LKS, IC Universal, LKS on agritech startup ReshaMandi’s $1.7m fundraise

“ReshaMandi, an agritech startup digitising India’s silk supply chain, … announced that it has raised $1.7 million (Rs 12.25 crore) in seed funding. The round was led by Omnivore and Strive Ventures with participation from Axilor Ventures and Supply Chain Labs (Lumis).”, as reported by Yourstory Lak...