Funding and Expansion: StampMyVisa has raised Rs 6.6 crore (about US$782,000) in a pre-Series A funding round led by Unicorn India Ventures to support its rapid expansion and enhance its AI capabilities. AI-Powered Visa Platform: The startup offers an AI-driven platform aimed at simplifying the visa application process for businesses, streamlining operations for corporates, travel […]
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DesignX, a startup transforming manufacturing industry digitally, raises $1 million
Funding and Growth: DesignX, a startup revolutionizing the manufacturing industry with digital solutions, raised $1 million in pre-Series A funding led by Piper Serica Angel Fund, building on a previous $300,000 equity raise in 2021. Innovative Solution: The startup’s flagship product, the Df-OS platform, uses real-time data analytics to drive hyper-automation in factories, targeting sectors […]
Epik Foods Receives $15.5 Million Funding to Enhance Operations
Investment Overview: Ruya Partners has invested $15.5 million (SAR 58.1 million) in Epik Foods to facilitate its expansion in Saudi Arabia and the UAE, marking the fourth major investment by their fund. Company Background: Epik Foods operates over 60 food and beverage brands across 50 locations, with plans to open 20 additional locations. It emerged […]
Algorand Foundation invests in 5 startups from the Inaugural Startup Lab Program at T-Hub
Investment Announcement: The Algorand Foundation, in partnership with T-Hub, has announced investments in the first set of startups from the Startup Lab program, focusing on blockchain solutions that enhance transparency and inclusivity. Startup Lab Program: This program aims to accelerate Web3 startups by offering technical support, business mentorship, and funding, leveraging Algorand’s blockchain technology for […]
Growth stage focused Physis Capital marks second investment of Rs 5 crore in CTPL
Investment in CTPL: Physis Capital has invested Rs 5 crore in CTPL, a startup focused on modernizing the education sector through its Admissions as a Service platform, marking their second investment in the company. Physis Capital Overview: A venture capital fund associated with Inflection Point Ventures (IPV), Physis Capital has a $50 million fund dedicated […]
Mush Social Secures $1.2M in Pre-Seed Funding Led by Nifal Consulting
Investment Milestone: Mush Social, a Saudi-based social media platform, successfully raised $1.2 million in a pre-seed funding round led by Nifal Consulting, with significant contributions from Nahr Al-Jazeera Holding and angel investors. Innovative User Engagement: The platform differentiates itself by allowing users to earn points and manage virtual assets through an interactive "Map" feature, potentially […]
Hyderabad-based identity verification startup Equal raises $10 million
Hyderabad-based identity verification startup Equal has raised $10 million in its first round of institutional funding, increasing its valuation to $80 million. The funding round was led by Prosus Ventures, Tomales Bay Capital, and founder Keshav Reddy, with participation from notable investors including Flipkart cofounder Binny Bansal and various venture capital firms. Founded in 2022 […]
Indian startups raised over $125 million from Nov 04 to Nov 09, 2024, Easy Home Finance tops the list
Between November 4 and November 9, 2024, 20 startups across various sectors raised $125.20 million in funding, with significant investment in Healthtech, AI, D2C, and other fields. The previous week, Indian startups collectively raised over $362 million, prominently featuring Finova Capital, which alone secured $135 million. High-value deals included Easy Home Finance raising $35 million, […]
Prodigy finance secures $310 million from DFC to boost socially impactful education loans
Prodigy Finance has launched a new funding round worth up to $310 million, marking its second partnership with the U.S. International Development Finance Corporation (DFC) to support international students’ access to education. The funding round sets specific financing thresholds, including a minimum of 30% for women and 50% for individuals from low- and lower-middle-income countries, […]
Bengaluru-based deep-tech startup Nexstem raises $3.5 million led by InfoEdge, others
Funding Success: Bengaluru-based deeptech startup Nexstem raised $3.5 million in a funding round led by investors including InfoEdge, Zupee, and Nikhil Kamath & Abhijeet Pai’s Gruhas, aimed at scaling its innovative non-invasive Brain-Computer Interface (BCI) solutions. Product Development: Founded in 2020, Nexstem’s flagship product, Instinct, utilizes an AI-powered onboard compute module to analyze various human […]