Fundings

Esports fan engagement startup STAN raises $2.5 mn in seed funding

The round was led by venture capital firm General Catalyst, alongside other VCs including Better Capital and Eximius Ventures

Zipaworld plans to raise over Rs 3.8 crore in early-stage funding round

The startup plans to harness the funds to mobilise and accelerate AI and ML-based logistics and supply chain services

NTPC invites bid to raise Rs 5,000 cr via term-loan to fund capex

State-owned power giant NTPC has invited bids for raising term-loan of up to Rs 5,000 crore, which would be utilised for capital expenditure for ongoing or new electricity generation capacity addition projects. "Proceeds of the loan shall be utilised towards capital expenditure for ongoing/new capacity addition programme, including the takeover of projects, renewable energy projects, coal mining & washeries, renovation & modernisation program of various projects, refinancing of loans and general corporate purposes etc," as per the request for proposal (RFP) document. According to the document, the RFP is of up to Rs 5,000 crore term-loan sought by NTPC Ltd. The minimum amount of loan offered by banks or financial institutions will be Rs 500 crore and in multiples of Rs 500 crore. The bids will be opened on May 27, 2022. NTPC is the largest power producer in India in terms of both installed capacity and generation with an aggregate group installed capacity of 68,961.68 MW. The .

Ather Energy raises $128 mn led by NIIF's SOF, Hero MotoCorp & others

While the move does not put Ather Energy in the unicorn club, it definitely brings it within striking distance

HR tech startup Hono raises over Rs 38 cr in funding led by Aakash Chaudhry

Hono is looking to leverage the fresh corpus of funds to expand operations across India, the Middle East, and Southeast Asia, increase market footprint and strengthen its product offering

Fintech Kaleidofin raises 2nd tranche of $15 mn Series B equity funding

According to the company, the proceeds of this round will be used to strengthen tailored credit solutions for informal sector customers.

OPEC Fund to finance $ 14.3 million for Nigeria-Morocco gas pipeline

Moroccan Ministry of Finance stated on Friday, the agreement was signed by the Moroccan Finance and Economy Minister, Nadia Fettah and the General Director of the OPEC Fund, Abdulhamid Alkhalifa

Rural vehicle marketplace Tractor Junction raises $5.7 mn in seed funding

Tractor Junction is India's largest digital marketplace to buy, sell, finance, and insure new and used tractors, farm equipment, and rural commercial vehicles.

Agritech startup raises Rs 29 cr from investors for growth and expansion

Poshn said in a statement that it has "raised Rs 28.8 crore in seed funding, led by Prime Venture Partners and participation from Zephyr Peacock"

Startup TeaMonk raises about Rs 4 cr from investors to expand business

The funds raised in a pre-series A round will be utilized for domestic penetration and exploring uncharted territories in international markets, the company said in a statement

Truemeds raises $22mn in series B funding round led by Westbridge Capital

The company plans to utilise the funds to accelerate growth in the untapped domestic market and expand its coverage across the country

Zypp Electric raises $1 mn from Northern Arc to expand EV fleet service

Zypp is growing its user base on Zypp rentals at 300 per cent month-on-month with the plans of expansion and investment on more scooters under its fleet, it said

VC investments fall 25% sequentially in Q1CY22: KPMG's Venture Pulse report

Rising commodity prices, geopolitical uncertainty weigh on sentiment: KPMG report

Edtech startup Newton School raises $25 mn from Steadview Capital, others

Founded in 2019 by IIT batchmates Nishant Chandra and Siddharth Maheshwari, Newton School was built to democratise higher education.

Elon Musk's Boring Company raises $675 million to scale Loop projects

Tech billionaire Elon Musk's Boring Company has raised $675 million in the Series C round, bringing its valuation up to $5.7 billion.

Beauty, personal products maker Believe raises $55 mn in Series C funding

The Series A and Series B fundraises for Beauty, personal products maker Believe were led by Accel and Jungle Ventures with participation from Wamda Capital, a Middle East-based fund.

Video editing tech firm VideoVerse raises $46.8 mn to expand globally

In October 2021, VideoVerse had raised Series A funding from Moneta Ventures, Baring Private Equity India, Binny Bansal and Ventureast

Food delivery rivals Swiggy and Zomato back restaurant tech firm UrbanPiper

Restaurant management platform raises $24mn in series B funding

Rapido raises $180 mn at $830 mn valuation in funding round led by Swiggy

Swiggy's investment will leverage the synergies between the two companies to unlock more opportunities for delivery executives and captains across both fleets

Performance management startup Mesh raises $11 mn for US, APAC expansion

The Mesh platform continues to successfully manage a wide pool of modern soon-to-be unicorns and unicorns across sectors, including ShareChat, CRED, Groww, Pipefy and others.