Start-Ups

New Delhi based hospals a cross-border healthcare and travel platform that allows international patients to access healthcare in India, the UAE, Turkey, and Thailand, announced today that it has raised $3.5 million (Rs 26 crore) in a new funding round with the goal of expanding geographically to reach $900 million gross merchandise value (GMV). The new pre-Series A round was led by Inflection Point Ventures, 9Unicorns, and Singapore-based Wavemaker. Existing investor Venture Catalyst and prominent angel investors, including Kunal Shah, Sanjeev Mishra, and Razorpay founders, also participated in the round….

Swiggy has raised $700 million in a round led by Invesco, indicating that the food delivery and quick commerce segments are about to heat up. The new round has attracted new investors such as Baron Capital Group, Sumeru Venture, IIFL AMC Late Stage Tech Fund, Kotak, Axis Growth Avenues AIF- I, Sixteenth Street Capital, Ghisallo, Smile Group, and Segantii Capital. The round was also attended by existing investors Alpha Wave Global, Qatar Investment Authority, ARK Impact, and Prosus. Swiggy is the only private company with a decacorn status after Byju’s….

Ola Electric Mobility Pvt Ltd, the electric vehicle arm of Ola Cabs’ parent company ANI Technologies Pvt Ltd, has raised $200 million, or nearly 1,500 crore, in a funding round led by Tekne Private Ventures, Alpine Opportunity Fund, Edelweiss, and others, the company said in a statement on Monday. VCCircle reported in October that Ola Electric was in the final stages of raising $200 million as part of a new round of funding that could value the company at more than $5 billion. The latest round of funding for Ola…

Ninjacart, an agritech startup, recently announced a $145 million strategic round led by existing investors Walmart and Flipkart. Ninjacart did not disclose any additional transaction details, such as round break up or valuation, aside from future plans. Walmart and Flipkart each contributed $72.5 million to the Series D round. This was Flipkart and its controlling entity Walmart’s third joint investment in the Bengaluru-based startup. Ninjacart chose the new funds at a $815 million post-money valuation. This represents a significant increase in the company’s valuation, which was approximately $502 million in…

The Good Glamm Group acquired a majority stake in Organic Harvest, an organic beauty and personal care brand. According to a source with knowledge of the development, the transaction values Organic Harvest’s enterprise at Rs 275-Rs 280 crore. The financial terms of the deal were not disclosed by Good Glamm, a direct-to-consumer beauty and personal care brand. According to the source, Organic Harvest is valued at around 4-4.5 times its annualised revenue run rate. According to a senior company executive, Good Glamm will invest an additional Rs 75 crore in…

Trainn, a Chennai-based B2B SaaS startup, has raised $700,000 in a seed round led by Speciale Invest. Arka Venture Labs, angel investors such as Chargebee’s founders, Shan Krishnasamy, CTO of Freshworks, and Abhishek Goyal, Co-founder of Tracxn, among others, participated in the funding round. The funds will be used to expand the company’s team, fuel go-to-market programmes, and accelerate product development. Trainn’s mission is to assist SaaS businesses in driving meaningful ROI, increasing adoption and customer retention through customer education, and lowering support costs and costly in-person training. While previously…

VAAN Electric Moto Pvt Ltd, an Indian lifestyle e-mobility startup, has launched its electric bicycle-Urbansport in the country. Rajeev Chandrasekhar, Union Minister of State for Skill Development, Entrepreneurship, Electronics, and Information Technology, launched the Van Electric Moto brand in India on Friday at a virtually held event in Kochi. The e-bike is available in two variants: Urbansport and Urbansport Pro, priced at Rs 59,999 and Rs 69,999, respectively, and will first be sold in Kochi before expanding to other high-potential markets such as Goa, Bangalore, Mumbai, Hyderabad, and Delhi. The…

Razorpay, a payment gateway provider for online transactions, is in initial talks to acquire a majority stake in cellular point-of-sale machine supplier Ezetap Cell Options Pvt. Ltd, according to two people familiar with the situation. However, the financial details of the transaction could not be ascertained immediately. Byas Nambisan, chief executive officer of Ezetap, confirmed his company is in talks with numerous buyers, primarily global and native strategics, as well as renowned enterprise capital funds, to raise approximately $60 million (447 crore) in funding. He also stated that Unitus Capital…