Introduction: Welcoming a New LeaderPrateek Mehta, previously a senior executive at Angel One and Myntra, has been appointed as the founding partner for South Park Commons (SPC) in India. This significant move, announced via LinkedIn on September 24, marks an exciting development in the Indian startup ecosystem.
A Seasoned Executive with a VisionWith over 15 years of experience in leadership roles…
In a rapidly evolving tech landscape, Indian startups are dedicated to democratizing artificial intelligence (AI) through innovative infrastructure. Pioneering efforts like People+AI and Open Cloud Compute are setting the stage for broader AI access, inspired by India’s digital public infrastructure (DPI).
Tanuj Bhojwani, a key figure behind People+AI, reflects on his journey from attempting to…
Oister Global, a Gurugram-based investment firm, has partnered with Tribe Capital India to launch a new fund focused on secondary market transactions. This fund aims to invest $500 million over the next two years as interest in secondary private market transactions in India continues to rise.
In the past four to five years, India has seen $7.7 billion transacted in the secondary market, according…
Physics Wallah, the Indian edtech unicorn known for its innovative approach to online education, is gearing up for a significant milestone: an initial public offering (IPO) slated for 2025. Following a recent funding success that raised $210 million in a Series B round, the company is now setting its sights on the stock market to further accelerate its growth and enhance its position in the…
Futwork, a Mumbai-based mobile app that revolutionizes contact center solutions, has successfully secured INR 21 crore in a Series A funding round. The investment was led by the Michael and Susan Dell Foundation and Artha Venture Fund, with additional participation from D2C Insider Angels and investor Abhishek Goyal, Founder of Tracxn. This significant funding follows a previous seed round in…
Introduction
Leezu’s, an emerging name in India’s sexual wellness sector, has successfully completed a pre-seed funding round. While the exact amount raised remains undisclosed, this capital injection will significantly bolster the startup’s mission to revolutionize the intimacy and pleasure products market in India.
About Leezu’s
Founded in 2023 by Leeza Mangaldas, a renowned sexuality…
Zippee, the Delhi-based same-day delivery startup, is gearing up for its largest funding round yet, aiming to raise Rs 22-25 crore. This round is expected to be led by London-based private equity investor C&C Alpha, with participation from both new and existing investors. Following this funding, Zippee’s valuation is projected to soar to approximately Rs 180 crore, up from around Rs 100 crore.
A…
VentureSoul Partners, a newly established venture debt firm, has marked a significant milestone by reaching the first close of its maiden fund, securing INR 600 crore. This fund, registered as a Category II Alternative Investment Fund (AIF) with SEBI, is set to target a total corpus of INR 300 crore, with an additional INR 300 crore in greenshoe options. The firm aims to back high-potential…
Rapido, the Indian ride-hailing startup known for its bike taxi services, has officially entered the unicorn club following a significant $200 million Series E funding round. This latest round, which values the company at $1.1 billion, was spearheaded by existing investor WestBridge Capital and saw participation from Nexus Venture Partners, Think Investments, and New York-based Invus…
Mygate Enters Consumer Electronics with Smart Door Locks
Mygate, a leader in residential security solutions, has announced its foray into the consumer electronics market with the launch of Mygate Locks—a new range of smart door locks designed to offer enhanced home security with digital convenience. The product lineup includes three variants: Lock SE, Lock Plus, and Lock Pro, all of which enable…
