z21 Ventures, a leading venture capital firm focused on early-stage technology investments, has announced the successful first close of $20 million for its $40 million Fund II. This funding round features WestBridge Capital as the anchor investor, a respected global investment firm known for its strategic approach and robust portfolio. This announcement comes swiftly after the launch of z21’s…
Engine, previously known as Hotel Engine, has secured $140 million in Series C funding led by a private equity firm advised by Permira, boosting its valuation to $2.1 billion. This marks a significant 62% increase from its prior valuation of $1.3 billion following a $65 million Series B round in late 2021.
This growth comes amid a challenging environment where many startups are facing flat or…
Techjockey, a software aggregator founded in 2017, has recently secured funding at a post-money valuation of INR 370 crore, with backing from notable figures including former Zomato executive Akash Nangia. The company connects software vendors with small businesses across India, aiming to streamline software procurement for entrepreneurs.
Funding and Future Plans
The capital raised will be…
Onsurity, a leading employee healthcare platform, has successfully raised $45 million in a Series B funding round led by private equity firm Creaegis. This latest round saw contributions from existing investors, including the International Finance Corporation (IFC), Quona Capital, and Nexus Venture Partners. This marks the conclusion of a funding process that began with an initial tranche raised…
Nazara Technologies, a leading name in India’s gaming and sports media industry, has announced a significant strategic move with the acquisition of a 47.7% stake in Moonshine Technology Private Limited, the parent company of the popular online poker platform PokerBaazi. This acquisition is set to bolster Nazara’s foothold in the online gaming sector and solidify Moonshine as an associate…
Clean Electric, a promising startup in the energy storage sector, has successfully raised ₹48.5 crore (approximately $6 million) in its Series A funding round. This marks the second round of significant investment for the company in less than two years.
Clean Electric’s Series A Investment Details
According to internal documents accessed through the Registrar of Companies (RoC), Clean…
In a significant move for India’s venture capital landscape, Vikas Choudhary, the former president of Jio, has launched his new investment firm, Playbook Partners. The firm has successfully completed the first close of its inaugural fund, securing $130 million (approximately INR 1,091 crore) out of its targeted $250 million (approximately INR 2,099 crore). This achievement comes within just four…
In the latest development in India’s bustling IPO market, coworking space provider IndiQube is gearing up for a significant public listing. The Bengaluru-based startup is in advanced talks with merchant bankers to finalize its IPO plans, aiming to file its draft red herring prospectus (DRHP) within the next three months. The company plans to raise between INR 1,000 Cr and INR 1,500 Cr…
Mumbai-based proptech startup JUSTO Realfintech has successfully raised $7 million in a recent funding round led by investment management firm Arbour Investments. This funding is a strategic mix of equity and debt, with $5 million allocated as equity and the remaining $2 million infused as debt.
Founded in 2019 by Pushpamitra Das and Rahul Pande, JUSTO Realfintech specializes in providing…
Auto ancillary firm Hindustan Composites has acquired a minority stake in the online food delivery giant Swiggy. This move comes shortly after Amitabh Bachchan’s family office also purchased a minority stake in the Bengaluru-based company.
Hindustan Composites has reached an agreement to buy 150,000 equity shares of Swiggy, amounting to an investment of ₹5.17 crore, as disclosed through the…
