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Nium joins Unicorn Club, Raises $200+ million in series D round

Singapore-based leading B2B payments platform has raised $200 Million in Series D round funding at the valuation of $1 Billion. Led by Riverwood Capital, the round also saw the participation from Temasek, Visa, Vertex Ventures, Atinum Group of Funds, Beacon Venture Capital, Rocket Capital Investment, and other notable angel investors, including DoorDash executive, Gokul Rajaram; Chief Product Officer at FIS,

Locus assigns $4 million for its ESOP buyback

Locus, a future-ready platform that automates supply chain decisions, today announced that it has designated $4 million for its ESOP buyback. The buyback is at par with the primary of the Series C fundraise. Both current and former employees will be able to vest their stock options. This is the second such buyback by the company. "The reason we've come this far is because of the hard work and perseverance of

Axio Biosolutions secures $6 Mn in Series B2 equity round

Bengaluru-based MedTech company, Axio Biosolution has said, "It has raised $6 Million in Series B2 equity round funding led by TrueScale Capital in participation from existing investors Omidyar Network India, University of California – Ratan Tata Fund, and Accel. "With the fresh round of funding, Axio has raised over $20 million till date and plans to build out its commercial presence in the US and EU, as well as

Teen Focussed Fintech startup Pencilton raises $330K from Jupiter & others

Hyderabad-based teen-focused fintech startup, Pencilton has announced that "It has raised $330K in pre-Seed round funding led by Jupiter (registered as Amica Financial Technologies Pvt. Ltd). The round also saw participation from many successful founders such as Nilesh Patel & Prashant Singh (Founders of LeadSquared), Ashish Sharma (MD, Innoven Capital), Abhishek Goyal (Founder of Tracxn), Himanshu

Inflection Point Ventures leads seed round for Streak

India-based educational neo bank for teenagers, Streak has raised an undisclosed amount in series Seed round funding led by Inflection Point Ventures. The Startup plans to utilize the fresh funds for expanding its customers base, marketing, hiring, and further investment in technology. Speaking on the investment in the neo-bank startup, Ankur Mittal, Co-Founder of Inflection Point Ventures said, "Neo banking

Immensitas draws ₹6.30 crores from Artha Ventures & Others

Bangalore-based leading enterprise customers data and marketing automation platform, Immensitas has announced that it has raised Rs 6.30 crore in pre-Series A round funding led by Artha Venture Fund (AVF), in participation from Ramakant Sharma's LogX Ventures. According to the statement issued, "The raised funds will be utilized by Immensitas' offering, Lemnisk - a leading enterprise Customer Data and Marketing

EdTech startup Knorish raises $1.1 Mn in Pre-Series A round

Online course creation platform, Knorish, has raised $1.1 million in a Pre-Series A round of funding. The round was led by Inflection Point Ventures along with participation from Rockstud Capital, Pentathlon Ventures, Prophetic Ventures syndicate, among others. The latest round comes on the heels of a $323,000 round in June last year, bringing the total amount raised to $1.4 million. Founded by Kinner N

XpressBees announces strategic partnership with SpiceXpress

Leading logistics company, XpressBess has announced that it has entered into an exclusive strategic business partnership with SpiceXpress, the largest cargo airline in India. "This partnership envisions further strengthen XpressBees's leading position in the logistics sector," the statement said. "Under this partnership, XpressBees has been allotted exclusive rights to sell SpiceXpress' D2D (door to

Bizongo nears profitability, records $150 Mn in yearly revenue

Tech-enabled B2B e-commerce platform for customized goods, Bizongo is set to turn profitable as it achieves $150 million in annualized revenue. The company's topline grew by 5X as compared to its pre-pandemic levels. Bizongo aims to clock $500 million annualized revenue by FY22-23. The remarkable growth comes on the back of Bizongo offering its proprietary platform for replenishing and supplying

GODI Energy to install Lithium-ion Cell Gigafactor in India raises funds Blue Ashva Capital

Hyderabad-based energy technology company, GODI Media has raised an undisclosed amount from Blue Ashva Capital through its Blue Ashva Sampada Fund. "The funds raised will be utilized to set up first of its kind Supercapacitor and Lithium-Ion Cell manufacturing facilities in India and continue developing ground-breaking materials with unique cell chemistries, superiorly engineered batteries, and

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