Nazara Pte. Ltd, a wholly-owned subsidiary of Nazara Technologies, announced on Tuesday that it has invested in Bitkraft Ventures, a gaming and Web3 investment platform based in the United States. Nazara, a company based in Mumbai, will invest $2.5 million in Bitkraft Ventures over three years. Bitkraft Ventures usually invests in gaming, Web 3, and blockchain ventures all over the world. Nazara hopes to get access to the global gaming ecosystem by establishing a network with limited partners (LPs) or sponsors in funds, as well as investee firms, through this…
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Pet care super app Wagr.ai raises Rs 4.2 crore funding from Inflection Point Ventures
Super-app for pet care based in Bengaluru Wagr.ai stated today that it has raised Rs 4.2 crore in a fundraising round led by Inflection Point Ventures, with IvyCap Ventures also participating. Stanford Angels and Ashish Sharma also took part in the round (MD, Innoven Capital). Wagr, which was founded in 2016 by Siddharth Darbha and Advaith Mohan, claims to offer a variety of products and services, including 15-minute veterinary video consultations. The company also has an e-commerce platform that sells pet supplies such as food, treats, grooming, and accessories, as…
Read MorePlayVerse raises $1.5 million in a funding round from Japan’s Akatsuki
PlayVerse, a technology-enabled entertainment firm, has raised $1.5 million in a funding round led by Akatsuki Inc., a Japanese gaming company. In India, PlayVerse sells content, toys, games, and technology. PlayVerse will now attempt to maximise the monetisation potential of popular Japanese IPs and brands in India in order to increase cross-border cooperation between India and Japan. “Thanks to the advent of blockchain technology and the scalability offered by promising L2 protocols, we have some moonshot ideas of IP monetisation that we are exploring,” said Jaineel Aga, founder, PlayVerse. “At…
Read MoreAgritech startup Agrizy raises $4 mn from investors including Ankur Capital
Agrizy, an agritech firm, raised $4 million (about Rs. 30 crore) in a seed round sponsored by Ankur Capital. Omnivore and angel investors Rajesh Yabaji (CEO, BlackBuck), Zetwerk Co-founders Srinath Ramakkrushnan, Amrit Acharya, Rahul Sharma, and Vishal Chaudhary, among others, participated in the round. The cash will be used by the Bengaluru-based startup to expand its business, hire engineers, develop a suite of digital services for the processed agro trade, and increase client growth. “The funds raised will be utilized to build strong business and engineering teams, develop a suite…
Read MoreGupshup acquires VC-backed Active.ai; eyes $100-200 mn in pre-IPO round
Webaroo Inc.’s conversational messaging platform Gupshup has acquired Active.Ai, a conversational AI platform for banks and fintech organisations, and is in talks with possible investors for a pre-IPO investment round of $100 million to $200 million or potentially more, according to a top official. Gupshup co-founder and CEO Beerud Sheth stated the “mid-sized” transaction was largely cash-based. “We wanted Active.founders AI’s and workers to continue,” he said. In the process, several institutional investors have pulled out. Active.ai was founded in 2016 by Ravi Shankar, Shankar Narayanan, and Parikshit Paspulati, with…
Read MoreAmid IPO plans Netcore eyeing another $100 million acquisition
Netcore Cloud will begin filing for its Initial Public Offering (IPO) in two months, according to Rajesh Jain, the bootstrapped Software as a Service company’s founder and global managing director. In order to broaden its software products ahead of the IPO in the first quarter of the following calendar year, the company is looking to make numerous acquisitions, including one worth up to $100 million and several smaller ones. For the acquisitions, Jain said the company was focusing on product analytics, customer data platforms, email intelligence, and loyalty. As digital…
Read MoreCARD91 raises $13 million in Pre Series A funding
CARD91, a payment issuance infrastructure platform, has raised $13 million in a Pre-Series A funding round led by Infinity Ventures, Point72 Ventures, Sabre Partners, EMVC and Commerce Ventures along with marquee angel investors. Founded in August 2020 by Vineet Saxena, Ajay Pandey and Kush Srivastava, CARD91 offers a plug and play payment issuance infrastructure that helps businesses and banks launch co-branded cards and simplify business payments. This is an end-to-end solution for businesses that want to roll out their own Card programs. CARD91’s solution helps companies to launch the card faster….
Read MoreAnkur Capital, Omnivore help Agrizy raise $4 million seed fund
Ankur Capital led a $4 million seed round for Bengaluru-based agri-tech start-up Agrizy. Omnivore and angel investors such as Rajesh Yabaji (CEO, BlackBuck) and Zetwerk co-founders Srinath Ramakkrushnan, Amrit Acharya, Rahul Sharma, and Vishal Chaudhary took part in this round. The funds raised will be used to grow strong business and engineering teams, develop a suite of digital services for the processed agro industry, and increase customer traction in specific value chains across India. The funds will be used to expand the product and speed up business in specific value…
Read MoreBombay Play raises $7 million led by Kalaari Capital
Bombay Play, a hyper-social gaming platform, has secured $7 million in a round headed by Kalaari Capital. Lumikai Fund, Leo Capital and PlayCo, AdvantEdge VC, and AMEA Ventures all participated in the round, as did online gaming platform Winzo. The fresh funds will be used to expand the company’s existing “hyper-social” game offerings, support prospective ventures, and allocate cash to product development. The Bengaluru-based startup, founded in 2018 by Oliver Jones and Abhas Saroha, employs 50 individuals. By the end of 2023, it intends to double its workforce. Bombay Play…
Read MoreupGrad sets up not-for-profit foundation, commits Rs 50 crore corpus fund
UpGrad, an upskilling and higher learning edtech company, announced the opening of upGrad Foundation, a philanthropic and non-profit division on Monday. The foundation plans to focus on a variety of working professionals, including first-generation students, women returning to the workforce, and those in the public sector or the military forces, with a capital of Rs 50 crore. “LifeLongLearning, upskilling, and career enhancements can no longer be the right of only those who can afford it. Online learning has changed the perspective of all working professionals around the world and how…
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