Oxyzo Financial Services, a Gurugram-based technology-enabled smart finance solution provider, announced today that it has raised $200 million in a Series A fundraising round at a $1 billion valuation, making it the country’s latest unicorn business. Alpha Wave led the fresh financing round, which was also joined by Tiger Global, Norwest Venture Partners, Matrix Partners, and Creation Investments. It’s worth noting that this is Oxyzo’s first external capital round, as the company began as OfBusiness Group’s financing platform before being spun off into its own company. Oxyzo was founded in…

Struct Finance, a Decentralized Finance (DeFi) protocol company, has raised $3.9 million in a Seed investment round to develop tools that would enable the ecosystem to design, compose, and invest in decentralised structured products. Antler, Arcanum Capital, Assymetries Technologies, Avalaunch, AVentures Dao, Bison Fund, Bixin Ventures, Blizzard Fund, Double Peak, FBG Capital, Finality Capital Partners, Infinity Ventures Crypto, Keychain Capital, Lancer Capital, Lucidblue, MC Ventures, QCP Capital, SCC Investments, Spark Digital, Wintermute, Woodstock, Zokyo, and 0xVentures led the new round With this round of funding, Struct Finance says it will…

Zocket, a Bangalore-based marketing software-as-a-service (SaaS) business, announced today that it has raised $3 million in a funding round led by Kalaari Capital, with Kettleborough VC and angel investor Jasminder Singh Gulati also participating (Founder of NowFloats). Zocket, which was founded in 2021 by Karthik Venkateswaran, Nandha Kumar Ravi, Sundar Natesan, and Mukund Srivathsan, claims to enable businesses launch digital ads in under 30 seconds. Their 150-variable unique tech stack generates the optimal ad copy, graphic design, and platform for any SMB. According to the company, the algorithm creates a…

Aquaconnect, a Chennai-based aquaculture business, has raised $8 million (about Rs 60 crore) in a venture debt financing round headed by Gurugram-based Trifecta Capital. Previously, in July 2021, the business raised $4 million in a pre-Series A investment from Japan-based Rebright Partners, Flourish Ventures, AgFunder, 6G Capital, and current investors Omnivore and HATCH. Aquaconnect is a full-stack platform that offers data-driven farm advisory solutions and marketplace solutions to Shrimp and Fish farmers. It was founded in 2017 by IIT Kanpur alumnus Rajamanohar. Through technology solutions, the platform works with fish…

Asteria Aerospace, a drone manufacturer and solution provider in India, has launched its drone operations platform SkyDeck, a Jio Platforms subsidiary. According to a press announcement, SkyDeck is a cloud-based software platform that provides a Drone-as-a-Service (DaaS) solution for a variety of industry verticals, including agriculture, surveying, industrial inspections, and surveillance and security. SkyDeck offers a unified dashboard and services for drone fleet administration, drone flight scheduling and execution, data processing, visualisation, and AI-based analysis of aerial data gathered by drones. The SkyDeck platform, according to the release, promotes operational…

Enterprise software business Locofy.ai has raised $3 million in pre-seed funding from investors including Accel, January Capital, Golden Gate Ventures, and Boldcap. The cash will be used to expand the engineering and data science teams at the startup, which provides a platform that translates concepts into production-ready code. Angel investors and tech founders from Ola, Hasura, Holistics, Wego, GajiGesa, 1Bstories, Ohmyhome, CyberSierra, and Wekan, as well as the former head of growth for Australian visual design platform Canva, took part in the round. Honey Mittal and Sohaib Muhammad founded Locofy.ai…

Bizongo, a B2B platform for customised goods, announced the acquisition of Clean Slate Technologies, a Mumbai-based internet-of-things (IoT) startup, for an undisclosed sum. Clean Slate’s Internet of Things (IoT) technology aids factory efficiency. Bizongo hopes to outfit more than 100 Indian manufacturers with its IoT-powered cloud factory solution by 2023 as a result of this acquisition. It also intends to roll out the solution at three different locations by July. Clean Slate’s asset, goods, and people-tracking capabilities and sensors will be integrated into the tech platform to generate data and…

Inflection Point Ventures, a Gurugram-based angel investing platform, has announced the opening of its CAT II fund, Physis Capital. Physis Capital will have a corpus of $50 million and a green shoe option of additional $25 million, with a first close of $20 million. Physis Capital will invest in firms seeking pre-Series A to Series B fundraising rounds as a participant or lead investor. Physis Capital intends to establish a portfolio of 15 — 20 businesses with an average ticket size of US$2.5 million, according to the announcement. Following the…