WATERBRIDGE VENTURES
IVCA’s VC Council for 2024–26 to focus on boosting micro-VCs
The IVCA VC Council, led by industry experts, aims to elevate the Indian start-up ecosystem by fostering innovation, supporting micro-VCs.
Home decor firm Trampoline raises $5 million led by Matrix Partners, WaterBridge
B2B home decor firm Trampoline raises $5M led by Matrix Partners India and WaterBridge Ventures, with an additional $2M in venture debt from Alteria Capital. Founded in 2023, Trampoline disrupts supply chains, enabling retailers to access exclusive products from India.
Allen Career Institute buys problem-solving platform Doubtnut in slump sale
A statement from Allen Career Institute, which is primarily an offline coaching business, said the acquisition will help the tutoring institute build on its technology-led learning solutions.
Insurtech startup BimaKavach gets IRDAI licence for corporate insurance
BimaKavach sells corporate insurance products, mainly targeting small and medium enterprises. It currently has a portfolio of 18 insurance products, broadly categorised into liability, asset, engineering, marine, and group health insurance.
Eloelo raises $22 million in funding from Courtside Ventures, Griffin Gaming Partners
The funding happened at a valuation of between $100-150 million, founder and chief executive Saurabh Pandey told ET in an interaction, without giving an exact figure. The entire $22 million was in primary funding.
ETtech Deals Digest: Funding drought persists as startups raise just $1.06 billion in May
The funding numbers for May were bolstered by late-stage investments in app development startup Builder.ai and Walmart-owned fintech major PhonePe. These two deals together accounted for a third of the total inflow in May.
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Bus transport tech company Chalo raises $45 million
Chalo also announced an additional $12 million secured in venture debt from Trifecta and Stride Ventures. This takes the total funds raised by the company to $119 million. The latest round values the company at around $450 million, sources said.
ETtech Deals Digest: startups see rise in funding this week led by Lenskart, PhonePe
Total of $782 million was poured into Indian startups in this week across 25 rounds, a 34% jump compared to the same period last year when startups raised $582 across 66 rounds, according to data provided by market intelligence firm Tracxn.
Gold loan startup Yellow Metal gets $3 million in funding led by MSA Novo
The round also saw participation from Japan-based Spiral Ventures and existing investors WaterBridge Ventures and Java Capital.
Talent sourcing platform CBREX raises $3 million in funding led by WaterBridge Ventures
The freshly raised funds will be used to ramp up US go-to market, on sales and marketing for new markets, and building new products.
IVCA announces formation of new VC Council
The formation of this council is one of the many initiatives of IVCA to strengthen governance practices for VCs and startups while continuing working with the government and its various agencies to improve the environment for venture capital in India.
Pests to pets: The future of food and feed may depend on insects
A Bengaluru-based firm wants to use food waste to make protein-rich feed for your fish & animals. If successful, it can change the way India lives, eats and feeds its animals.
Financial services platform StrideOne, MSME lender ZipLoan join hands for strategic partnership
MSME businesses are usually overlooked by traditional finance institutions due to various underwriting challenges including lack of collaterals, business vintage, documenting know-how .
Eloelo raises $13 million in funding co-led by KB Investments, Kalaari Capital
The new capital will be used to expand the firm's tech, product, and content teams, as well as to foster new partnerships with creators and help them reach millions of consumers, according to the company.
CuriousJr: How to learn coding without computers
CuriousJr is a free mobile coding learning app for kids aged between 8 and 17, and is based on fun coding games to teach the basics of programming.
OneCode has raised $13 million in fresh funding led by General Catalyst
The company will use the capital to invest in hiring across functions and accelerate its product and technology development. The company also looks to expand its presence to 100 additional cities and will increase the size of its agent network.
Citymall raises $75 million in funding led by Norwest Venture Partners
The funding will be used to expand across categories and geographies, and strengthen its back-end technology, said Angad Kikla, cofounder and CEO of Citymall.
Neobank Muvin raises $3 million, plans to double its team in 12 months
Muvin caters to both teens and young adults through its prepaid card and mobile app. Headquartered in Bengaluru, it currently has over 50,000 registered users and aims to grow to one million customers in the next 12 months.
WaterBridge Ventures raises $150 Million second fund
WaterBridge Ventures has raised its second fund at $150 million, 50% more than the planned size of $100 million, owing to heightened investor interest in a year which has seen unprecedented flow of liquidity into Indian startup ecosystem.
Chalo raises $40 million in Series C led by Lightrock, Filter Capital
With this fundraise, Chalo hopes to invest further in technology, deepen its presence in India, and expand to international cities.
Eloelo raises $2.1 million to strengthen creator tie-ups, fuel expansion
Eloelo, a livestreaming and social gaming platform, has seen its user base grow 15 times over the past six months. The platform now has more than 1 million users and recorded over 100 million game events.
CityMall raises $22.5 million from General Catalyst, Jungle Ventures, others
CityMall, an e-commerce platform focused on smaller cities and towns, will use the fresh funding for hiring, technology and building a logistics network, including warehouses and hubs.
CityMall raises $11 million in funding led by Accel
The capital will be used to strengthen the online grocery platform’s supply chain, logistics network and expand its footprint to 20 new cities in tier 2, 3, and 4 markets.
PocketPills gets $30 million funding at $150 million valuation
PocketPills, an online pharmacy, is expected to use the funding from investors Telus Ventures and WaterBridge Capital to broaden its product offerings and accelerate its expansion plans in Canada.
Citymall raises $3 million in funding led by Elevation Capital
The proceeds of this fresh funding will be utilised to build a network of community leaders and expand its supply chain tailored for Tier III and IV cities in India.
SeedToScale lessons from US venture capital firm Accel
The platform offers a playbook for startup founders to scale up their operations.
OneCode raises seed funding led by WaterBridge Ventures
The company plans to use the funds to widen its customer base, strengthen technology, and to expand its team.
More women venture into VC investment space
As gender diversity becomes a hot button topic across industries globally, and especially so in the venture investing community, the representation of women in funds overall has grown by 27-31% in the last 18 months
Smaller VC firms see good returns from startup bets
Whiteboard Capital and Fireside Ventures have also seen a number of their portfolio firms record up-rounds in the last six months, according to publicly available information.
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