Funding Achievement: Matrix Geo Solutions has raised nearly $1 million in a pre-IPO funding round involving investors like Chittorgarh Infotech Limited and Viney Equity Markets LLP. IPO Preparation: Established in 2008 by Amit Sharma and Rahul Jain, the company is gearing up to file its Draft Red Herring Prospectus (DRHP) for an SME IPO to […]
Pitchlabz
Asthetic dermatological care provider Assure Clinics raises Rs 15 crore in seed round
Funding Success: Assure Clinics, a healthcare startup focused on dermatological and hair restoration services, has successfully raised Rs 15 crore (approximately $1.77 million) in a seed funding round, led by key investors including Venture Catalysts and representatives from Fiducia Capital and Honor’s Group. Innovative Services: Founded by Dr. Abhishek and Dr. Priyanka Pilani, Assure Clinics […]
EFG Hermes launches $300 million Saudi Education Fund, acquires Britus Education
EFG Hermes has launched a $300 million Saudi Education Fund (SEF) aimed at developing a world-class K-12 educational operator in Saudi Arabia, responding to the growing student population in private schools. The SEF will acquire a portfolio of international schools under the brand Britus Education, which includes seven schools across Saudi Arabia, the UAE, and […]
Pemo Secures $7M in Pre-Series A Funding
Funding and Expansion: Pemo has raised $7 million in pre-Series A funding to enhance its spend management platform and expand into GCC markets, particularly Saudi Arabia. Transaction Volume and Client Base: The platform has processed Dh1.4 billion in annualized transactions and caters to over 4,000 companies with corporate cards and automated financial tools. Strong Leadership […]
Indian startups raised over $179 million from Nov 11 to Nov 16, 2024, Sarvagram tops the list
Funding Overview: From November 11 to November 16, 2024, 25 startups raised a total of $179.63 million across various sectors, with a notable week also seeing Indian startups raise over $125 million. Sector Highlights: Key sectors attracting investment included Lending (led by Sarvagram with $67 million), B2C commerce, Gaming, and Proptech, among others, representing a […]
Legaltech startup LegalKart raises Rs 6.5 crore in funding from existing backers
Funding Achievement: LegalKart, an Indian legal tech platform, secured Rs 6.5 crore in funding led by existing investors to bolster its growth initiatives. Founding Background: Established in 2019 by Dr. Arvind Singhatiya, LegalKart aims to enhance access to legal services through AI-driven solutions, particularly targeting tier II and III cities in India. AI-Enabled Consultations: The […]
Nikhil Kamath’s WTFund and Nazara invests Rs 2 crore in Norian Games and Xigma Games
Investment Announcement: Billionaire Nikhil Kamath’s WTFund and Nazara Technologies have agreed to invest Rs 2 crore in two Indian gaming startups, Norian Games and Xigma Games, to strengthen the local gaming ecosystem. Startup Focus: Norian Games, based in Kerala, is developing a dinosaur survival simulation game called “Aldian of Ancients,” while Bangalore-based Xigma Games is […]
Delhi-based vehicle intelligence startup Vecmocon Technologies raises $10 million in funding
Funding Acquisition: Vecmocon Technologies, a Delhi-based vehicle intelligence startup, has secured $10 million in the first phase of its Series A funding, led by the Ecosystem Integrity Fund (EIF) and supported by Blume Ventures and British International Investment (BII). Investment Purpose: The funds will primarily be utilized to enhance research and development in areas like […]
Brand protection and authentication solutions provider Ennoventure raises $8.9 million
Ennoventure, Inc. raised $8.9 million in a Series A funding round led by Tanglin Venture Partners, with participation from existing investors like Fenice Investment Group. The company specializes in AI-powered brand protection and authentication solutions, offering patented invisible signature technology to combat counterfeiting. Ennoventure plans to utilize the new funding to expand its operations globally, […]
GlobalCorp Strengthens Financial Position with $16.2 Million Capital Hike
Capital Increase: GlobalCorp Group raised its paid-in capital by EGP 800 million to EGP 1.4 billion, strengthening its position in Egypt’s financial sector. Business Transformation: The company plans to transition from B2B leasing and factoring to a comprehensive non-banking financial institution (NBFI) platform serving both B2B and B2C clients. Strong Support: The capital hike received […]