Big boost to India’s rural entrepreneurship Saarathi Finance, a new age Greenfield Non-Banking Financial Company (NBFC) has raised INR 475 crore in its first equity funding. Founded in 2024 and headquartered in Mumbai, the company is led by Vivek Bansal, former CFO of InCred Group and Sunil Daga, former President at Kotak Mahindra Bank. The … Read more
Pune based D2C jewellery startup Palmonas is all set to raise INR 55 crore in its first institutional funding round. The Series A round is led by Vertex Ventures, a global venture capital firm that backs early stage innovations across sectors. According to induatries reports, the round values Palmonas at USD 65 million (~INR 550 … Read more
In a big step in India’s fast evolving alco-bev space, Feline Spirits, a homegrown craft liquor startup, has raised INR 5.2 crore in a Pre-Series A round led by Inflection Point Ventures (IPV). This is a big milestone for the company in its journey to redefine India’s premium liquor space with handcrafted vodka, whisky and … Read more
In a big move that shows the growing investor interest in India’s beauty tech space, Kult, a Gurugram based AI powered skincare and beauty discovery platform has raised USD 20 million (~INR 170 crore) in a Series A round led by M3M Family Office with participation from Venture Catalysts. This is one of the largest … Read more
Metafin, a non-banking financial company (NBFC) focused on solar energy loans, has raised USD 10 million (~INR 85 crore) in a Series A round to expand its presence across rural and semi-urban India. The round is a mix of equity and debt and was led by Vertex Ventures Southeast Asia and India with participation from … Read more
Big news for India’s electric mobility space! Bengaluru-based EV tech company Fabric, along with its wholly owned subsidiary Intellicar, has raised INR 115 crore (USD 13.5 million) in Series A funding. The investment comes from Nuveen, a US-based global asset management firm with USD 1.3 trillion in assets under management across 32 countries. This funding … Read more
Emversity, a Bengaluru-based skill-based training and higher education platform founded by former Unacademy COO Vivek Sinha, has raised INR 43 crore (USD 5 million) in a pre-Series A funding round. The round was co-led by Z47 (formerly Matrix Partners India) and Lightspeed Venture Partners, with additional participation from Alteria Capital and Innoven Capital. The funding … Read more
Noida-based proptech startup HouseEazy is reportedly in advanced discussions to raise INR 100 Cr (~USD 11.7 million) in funding, in a move that could mark a significant milestone in the company’s growth journey. The fresh capital is expected to come from a large, yet unnamed tier-I VC firm and existing investor Chiratae Ventures, according to … Read more
In a significant development that underscores the growing demand for high-quality, non-refined cooking oils in India, Bengaluru-based cold-pressed oil brand Gramiyaa has raised INR 7.2 crore in a pre-Series A funding round. The round was led by Homegrown Ventures with participation from Campus Fund and Mumbai Angels who had earlier invested in the company’s seed … Read more
Rural focused fintech startup Navadhan has raised INR 111 crore in its Series A round, interesting thing is that the company raised more than its initial target of INR 80 crore. The round was led by NabVentures, venture capital arm of National Bank for Agriculture and Rural Development (NABARD) with co-lead from Prime Venture Partners. … Read more