Start-Ups

Ninjacart, a fresh produce supply chain startup, has announced the acquisition of Tecxprt, a SaaS-based communication platform. As part of the deal, the entire Tecxprt team will join Ninjacart. The size of the transaction was not disclosed by the company. Ninjacart, which is backed by Walmart, claims that the acquisition will help it and Flipkart digitise their operations and facilitate real-time communication throughout the food supply chain. Thirukumaran Nagarajan, cofounder and CEO of Ninjacart, said, “We are thrilled to have the Tecxprt team on board With this acquisition, we will…

EatClub Brands – formerly Box8 – is nearing the completion of a $30 million secondary funding round, in which existing backer Tiger Global is expected to increase its stake, according to sources familiar with the matter. A91 Partners, a Mumbai-based investment firm, will also participate in the secondary stock purchase, which will see existing backer IIFL sell a portion of its stake in the company, according to the people. Box8 was first backed by IIFL Seed Venture Funds, the venture capital and private equity arm of IIFL Wealth & Asset…

Eight Roads Ventures led a $53 million fundraising round for Jiffy.ai, a business-to-business (B2B) automation platform. The funds will be used to expand the company’s sales and marketing operations, as well as advance its HyperApp platform. Iron Pillar, R-Squared, and current investors Nexus Venture Partners, Reaction Capital, and Rebright Partners all participated in the round, according to the company. Jiffy.ai raised $18 million from investors led by Nexus Venture Partners in June 2020. Paanini Foundation, a non-profit organisation, is the company’s largest stock shareholder. “This funding will help build autonomous…

Eruditus, an online education company, has received $350 million in debt from Canada Pension Plan Investment Board, a worldwide asset management firm, mostly to fund mergers and acquisitions. According to persons familiar with the situation, Eruditus, which partners with prestigious universities like as Columbia, INSEAD, and others to provide executive education and MBAs, aims to make purchases worth a billion dollars in the next year or two. According to reports, the company has gross bookings of $500 million for FY22, which is up 2.5 times year over year. CPP Investment…

Money View, a Bengaluru-based lending fintech, has secured $75 million in a Series D round, bringing its valuation to $625 million, as fintech businesses continue to draw investor interest in the face of rising digitisation of financial services. The round included Tiger Global, Winter Capital, Evolvence India, Accel, and other investors such as South Park Commons, Trusted Insight, and Dream Incubator, according to the company. Founded in 2014 by Puneet Agarwal and Sanjay Aggarwal, IIT Delhi alumni, the company provides personalised credit products such as instant personal loans, cards, BNPL,…

Infinity Learn, the edtech startup of the Sri Chaitanya group, has purchased Don’t Memorise, a concept-based multilingual content platform, for an unknown sum. Don’t Memorise, which was founded in 2014, focuses on the K-10 market, specifically grades 6 to 10, and develops math and scientific material in English, Hindi, Marathi, and Bengali. Mumbai-based Don’t Memorise claims to have 2.6 million YouTube subscribers and over 250 million views. “While the organic growth continues to be strong for Infinity Learn, inorganic routes including acquisitions, is another pillar for growth and expansion. This…