Honasa Consumer, the parent company of direct-to-consumer (D2C) brand Mamaearth, announced the acquisition of Momspresso and its associated influencer engagement platform Momspresso MyMoney for an undisclosed sum. This follows a wave of consolidation in the broader D2C segment, spearheaded by The Good Glamm group, which has acquired a slew of smaller brands in the last year. We previously reported that the Good Glamm Group, which owns the MyGlamm brand, had acquired celebrity and influencer talent management network MissMalini Entertainment in a cash and stock deal. This was the group’s fifth…

Veefin, a supply chain fintech startup, has raised $3 million in a Series A round from Rajesh Rajendran, a Dubai-based investor. The fund will be used to expand the company’s product and engineering team. Veefin, founded in 2010 by Gautam Udani and Raja Debnath, provides financiers with the shortest supply chain finance implementation timelines. Veefin claims to have signed more than half of its existing enterprise clients this year alone. According to the website of the Mumbai-based firm, it has catered to over 350 customers, developed 200 mobile apps, and…

Temp Holdings Co, a provider of comprehensive human resource services, announced today the launch of a corporate venture capital (CVC) fund for the Indian HR market. The Temp Innovation Fund, named after its parent company, will invest in and acquire disruptive HR startups in the recruitment and staffing industry. The fund will be launched in India by Temp Holdings, according to a statement issued here. Noting that the global staffing industry is worth USD 400 billion, with the US domestic market alone contributing USD 180 billion, Kamal Karanth, India representative…

Gobillion, a social commerce platform, raised $2.9 million in a seed round led by YC, Justin Mateen, and Pioneer Fund.Soma Capital, Goodwater Capital, Olive Tree Capital, Chris Golda Investments, Oliver Jung, Venture Souq, Shanti Mohan, and Vikas Choudhury were among the other investors in the round. The funds will be used to accelerate the company’s business expansion plans, launch new product categories, and strengthen its operations, product development, and technology teams. Gobillion, which was launched in 2020 by Roshan Farhan and Kulapradip Bharali, allows customers to buy in social groups…

Tzar Aerospace Research Labs, the brainchild of Priyam Mohanty, is a registered startup company known for providing modern and innovative aerospace solutions to commercial and civil customers. Tzar Aerospace’s primary business project is to design and develop a conceptual unmanned hypersonic research aircraft using novel computational approaches and methods. “It’s a matter of tremendous pleasure and great pride for us that we have successfully marked our presence in the field of the aerospace market. Our startup has been very successful in establishing the trust among its clients and because of…

NirogStreet, a technology-based Ayurveda doctor platform, has secured $4 million in a round headed by CE-Ventures and Crescent Enterprises and ICMG’s corporate venture capital platform. Gokul Rajaram, board member at Coinbase and Pinterest; Wavemaker partners; Anuj Srivastava, founder at Livspace; Rajeev Kannan, management executive officer at Sumitomo, Singapore; Suresh Vasudevan, CEO of Sysdig USA; Ramakant Sharma, cofounder of Livspace, Andy Hwang, ex-Google executive, Ashutosh Sinha, former CEO at Morgan Stanley, Dr. Kyohei Takano, a Founded in June 2016 by Ram N Kumar, the firm intends to use the funds to…

Razorpay, a payment gateway and neo banking platform for business owners, has raised $375 million in a Series F round led by Lone Pine Capital, Alkeon Capital, and TCV. This is the company’s second round of funding this year, following a $160 million Series F led by Singapore’s sovereign wealth fund GIC and Sequoia India in April. According to the company, the new financing has resulted in a valuation of $7.5 billion, up from $3 billion in the previous on Since its inception seven years ago, the fintech firm has…