Author: Paridhi Maheshwari

Kassio announced a $1.6 million pre-seed investment round on Wednesday. Two large European investment funds and Aalto Capital, which headed the round, have invested in Kassio. The funds will be used to expand into the Indian and European markets, boost its product development process, and hire additional senior management expertise in legal, compliance, institutional connections, and design.  “This successful pre-seed funding round is a testimony to the strength of our project Kassio, its roadmap, offerings, and the innovation that brings together crypto investment and much-required crypto utility features,” said Sachin Singh, CEO and co-founder, Kassio  According to a Chainalysis research,…

Agritech firm TraceX Technologies has raised $ 1 million (around 7.5 crores) in a pre-series A round. The NABVENTURES fund, which is funded by Nabard, is leading the funding.  Paypal Ventures, an early-stage family office investment firm and angel investor Sunil Kumar were also participants in the pre-series capital round.  According to a statement released by TraceX, as reported by PT,  the newly raised cash will be utilized to scale up operations across geographies in India and in international markets, enhance the technology platform, expand into additional value chains, and establish high-performance teams across functions.  TraceX is a next-generation digital…

 Josh an Indian social content firm has raised $805 million in funding, the country’s largest venture capital round this year. The company debuted its short video app four days after the authorities banned China’s TikTok.  The Canada Pension Plan Investment Board provided a little more than half of the money in VerSe Innovation Pvt’s Newest round, $425 million, the startup revealed on Wednesday. The Ontario Teachers’ Pension Plan Board, Luxor Capital, and Sumeru Ventures were among the other investors. Sofina Group and Baillie Gifford, two existing funders, also took part. The business, which has raised $1.5 billion in the last…

Altair, a computational science and artificial intelligence (AI) firm, has announced the launch of the Altair Startup Challenge 2022, which continues Altair’s partnership with Startup India, a Government of India initiative aimed at creating a strong and inclusive ecosystem for innovation and entrepreneurship in India.  In their pursuit of creative goods, the Startup Challenge provides enterprises with high-end technology, mentorship, and professional support and direction.  Altair uses simulation, optimization, and machine learning technologies, as well as a dedicated team of mentors with extensive experience and knowledge, to identify, support, mentor, and reward budding startups.  Simulation-driven product design and development, digital…

Phool.co, India’s first biomaterial company and fragrance-focused wellness brand, has secured $8 million (Rs60.5 crore) in a Series A round from consumer-centric venture fund Sixth Sense Ventures. Existing investors Alia Bhatt and the IAN fund also participated in the round.  Phool.co is a flower recycling technology firm founded in 2017 by engineering graduates Ankit Agarwal and Prateek Kumar. It makes patented organic fertiliser and charcoal-free premium incense items from flower waste collected from temple garbage dumped in rivers.  The Kanpur-based firm collects floral trash from three Indian cities, including one of the country’s largest temples (Kashi Vishwanath), preventing 13 tonnes…

Mobile Premier League (MPL), a Bengaluru-based sports fantasy startup, is expected to raise funds from a number of investors, including Bahamas-based crypto exchange FTX, to help increase Web3 adoption and proliferation in the Indian gaming market.  The investment would help the unicorn expand its offerings and enter new categories such as Web3, which represents the future of the internet, where users operate in a decentralized manner rather than relying on large commercial enterprises or centralized government organizations, with a focus on community, rather than relying on major commercial enterprises or centralized government organizations.  It’s worth noting that FTX Gaming, a…

Influencer-driven social commerce app Trell, which has been under investigation for financial issues, has sold a 7-8 per cent share in AppsForBharat to one of its existing investors, Mirae Asset, as it runs out of cash, according to numerous people briefed on the subject.  According to its most recent shareholding, Mirae controls over 11% of Trell. On March 12, ET first reported on an ongoing investigation into the company’s books of accounts. Trell’s alleged related-party transactions, erroneous reporting of business numbers, and other financial irregularities are being investigated by an EY India forensic team.  The $7-8 million transaction is an…

Startups India is an initiative of the Government of India. The campaign was first announced by Indian Prime Minister, Narendra Modi during his speech on 15 August 2015 According to research, Indian startups raised more than $12 billion in the first three months of 2022, compared to $4 billion in the same period the previous year. During the first quarter of this year, 528 firms, including 324 in their early stages and 123 in their growth stages, disclosed investment rounds totalling $12.06 billion, according to data tracking website Fintrackr.  According to figures published in December by a top startup journal,…

Games24x7, a multi-gaming platform, revealed on Wednesday that it had raised $75 million. According to the company’s website, Rummy Circle is a tremendously popular game with over 30 million players.  Malabar Investment led the round, which also included existing investors such as Tiger Global and Raine Group. Tiger has already invested in the company in 2011 and 2012, with Raine following suit in 2019.  In 2022, the company has raised further financing at a valuation of $2.5 billion, making it the 14th unicorn. While Rummy Circle accounts for the majority of Games 24-7’s business, the company also has a casual gaming…

Indigram Labs recently provided seed funding to AgriVijay through the Startup India Seed Fund Scheme (SISFS). Since its inception 1.5 years ago, the agritech company has been making farmers and rural communities in Maharashtra and Rajasthan energy-independent.  AgriVijay has received various honours, recognitions, and praises for its work focused on improving farmers’ savings and income by equipping farmers for tomorrow with renewable energy, allowing them to become energy-independent while also helping to mitigate climate change. Under the direction of Vimal Panjwani and Shobha Chanchlani, AgriVijay was created in June 2020 during the COVID outbreak. AgriVijay is a FICCI Awardee for Startup…