NUVENTURES
Karnataka losing out in manufacturing race; CXO churn in startups
New-age companies are choosing to set up manufacturing facilities in neighboring states like Maharashtra and Tamil Nadu, bypassing Karnataka. More on this in today's ETtech Morning Dispatch.
Purplle’s Rs 1,000 crore funding; FirstCry, Unicommerce IPOs cleared
Omnichannel beauty platform Purplle has closed a Rs 1,000 crore funding round. This and more in today’s ETtech Top 5.
Y Combinator-backed AI robotics startup Pivot Robots raises funding from NuVentures
Pivot Robots will use the funds for team expansion, particularly in the areas of motion planning and computer vision. Siddharth Girdhar, cofounder of the company told ET, the funding will facilitate team growth, especially in motion planning and computer vision. Additionally, it will support increased robot testing and the establishment of office space.
Saregama to acquire Peak XV-backed Pocket Aces valuing digital content startup at Rs 334 crore
Saregama will acquire a 52% stake in Mumbai-based digital content producer Pocket Aces for Rs 174 crore, as per a stock exchange filing.
HomeLane raises $9 million via convertible notes, denies sale talk
The funding is a bridge round in type and has been raised via convertible notes with no new no valuation priced in, founder and CEO Srikanth Iyer told ET. Iyer declined to share the names of the investors participating.
HomeLane eyes Rs 1,500-crore IPO by mid-2022
Bank of America, Axis Capital and ICICI Securities have been hired to run the HomeLane IPO. They said 25-30% stake will be offered in the proposed IPO.
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ETtech Deals Digest: Delhivery, Leap raise funds this week
India's startup ecosystem witnessed bigger funding rounds this week compared to the previous one. Logistics firm Delhivery and overseas education platform Leap were among the companies that raised funds.
HomeLane raises $50 million from IIFL AMC fund, others
The fresh capital will help HomeLane accelerate its growth and achieve its revenue target of Rs 2,500 crore by FY24. The funds will also be used for strengthening its leadership position in the organised home-furnishing market.
Paytm invests in TapChief, a platform to seek advice from industry professionals
This is the Noida based Paytm's fifth investment after Jugnoo, Loginext, Expressbees and Cleartax.
Angel investors find others on startup deals through informal networks, syndicate platforms
A lot of times, it is a common philosophy, a shared comfort level and similar interests that bring these angels on the same page, said Padmaja Ruparel of IAN.
Hyperlocal delivery platform Daily Ninja raises pre-series round A funding
The round saw participation from angel investor Anupam Mittal and Kunal Shah of Freecharge, among others, according to LetsVenture.
YourDOST just landed Rs 8 crore
YourDOST will use the funds to rope in senior professionals from the industry in key leadership positions and to expand its operations.
Daily Ninja in talks to raise fresh round of funding within two months
The startup, which delivers bread, eggs, groceries, vegetables and fruits on a daily basis, had raised its seed round in September, last year.
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