Growfitter, a Mumbai-based incentivized health and wellness platform that was recently featured on Shark Tank India, said today that it has raised $1 million in a pre-Series A funding round headed by Gurugram-based angel investment firm Inflection Point Ventures (IPV). First Port Capital, Mumbai Angels, Startup Angel Network, DevX Accelerator Fund, Blockchain Founders Fund (Singapore), and JPIN also participated in the financing. Mohit Burman (Vice Chairman, Dabur India) and Aman Gupta, Co-founder and CMO of boAt, were among the angel investors who participated in the round. Sanmati Pande and Harshit…

Razorpay, a fintech unicorn, announced the acquisition of digital payments firm IZealiant Technologies for an undisclosed sum on Tuesday. Razorpay will absorb the whole crew of IZealiant Technologies as part of the deal. Razorpay has made five acquisitions since its beginning in 2014. Last month, the company made its worldwide debut by acquiring Malaysian financial provider Curlec. IZealiant is a Pune-based startup that offers banks and financial institutions mobile-first, API-enabled, cloud-ready payment processing tools. According to a release, the acquisition of IZealiant will boost Razorpay’s banking solutions arm, allowing it…

UpScalio, an e-commerce roll-up firm, has secured $15 million in a pre-Series B investment headed by Gulf Islamic Investments in the United Arab Emirates (GII). Northern Arc and Unity Bank were among the lenders who took part in the round. After financing companies like 1-India Family Mart and Bombay Shaving Company, this is GII’s sixth investment in India. In 2021, GII announced that it would invest $500 million in the Indian market spanning consumer brands, consumer technology, and healthcare. This round of funding follows UpScalio’s $42.5 million Series A round…

Licious, an online retailer of meat and seafood, revealed on Tuesday that it had raised $150 million. Amansa Capital, based in Singapore, led the Series F2 round, which also included Kotak PE and Axis Growth Avenues AIF – I. Nithin and Nikhil Kamath of Zerodha, Aman Gupta of BoAt, and Haresh Chawla of True North were among those who took part in the round. For the deal, Avendus served as Licious’s only financial advisor. Despite the fact that the company has not disclosed its worth, it claims to be India’s…

Ikonz, an Indian metaverse startup, has received undisclosed seed funding from Village Global, an early-stage venture capital firm, and Woodstock, a technology investment firm. The money raised would be used to hire top tech talent and ramp up artistic talent from around the world, as well as drop non-fungible tokens (NFTs) from its IP partners. Village Global is backed by Bill Gates of Microsoft, Jeff Bezos of Amazon, Mark Zuckerberg of Meta, Eric Schmidt of Google, Reid Hoffman of LinkedIn, Bob Iger of Disney, Mike Bloomberg of Bloomberg, and Diane…