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Deals Digest: Companies raise $528 mn this week; No. of deals at 30 versus 41 last week

TMT

20 May, 2022

Deals Digest: Companies raise $528 mn this week; No. of deals at 30 versus 41 last week

Companies raised $528 million in venture capital (VC) and private equity (PE) funding this week, nearly half than the $1.04 ......

Wakefit posts 50% jump in revenue in FY22; aims to achieve break-even in FY24

Consumer

21 May, 2022

Wakefit posts 50% jump in revenue in FY22; aims to achieve break-even in FY24

Mattress maker and home solutions company, Wakefit Innovations Pvt. Ltd has posted over a 50% jump in its revenue to ......

High Street raises Rs 40 cr in debt, enters into premium occasional wear market

TMT

20 May, 2022

High Street raises Rs 40 cr in debt, enters into premium occasional wear market

Fashion e-retailer High Street Essentials Pvt. Ltd, which owns women-centric fashion brands, FabAlley and Indya, on Friday said...

Zilingo fires CEO Ankiti Bose for alleged financial irregularities; Bose calls it "witch hunt"

People

20 May, 2022

Zilingo fires CEO Ankiti Bose for alleged financial irregularities; Bose calls it "witch hunt"

Sequoia Capital-backed Singapore-headquartered Zilingo said on Friday it has fired its chief executive officer Ankiti Bose 'with...

Y Combinator advises founders to ‘plan for the worst', prepare in next 30 days

TMT

20 May, 2022

Y Combinator advises founders to ‘plan for the worst', prepare in next 30 days

Silicon Valley investor, Y Combinator has advised its portfolio founders to “plan for the worst” and plan accordingly...

SaaS platform Inflection.io snags $5 mn in MHS Capital-led round

TMT

19 May, 2022

SaaS platform Inflection.io snags $5 mn in MHS Capital-led round

Inflection.io, Inc. which runs software-as-a-service (SaaS) product startup Inflection.io, on Thursday said it has secured seed...

Lenskart, 9 Unicorns, others back location intelligence firm GeoIQ

TMT

19 May, 2022

Lenskart, 9 Unicorns, others back location intelligence firm GeoIQ

Eyewear brand Lenskart on Thursday said it has led a $2 million (around Rs 15.4 crore) investment in a pre-Series ......

Wealthtech platform BHIVE.fund raises strategic investment from Blume Ventures, others

Finance

19 May, 2022

Wealthtech platform BHIVE.fund raises strategic investment from Blume Ventures, others

BHIVE Group, which operates the wealthtech platform BHIVE.fund said it has raised strategic investments from Zerodha co-founder...

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Correction in valuations to offer good opportunities: Lightbox's Sandeep Murthy

Finance

18 May, 2022

Correction in valuations to offer good opportunities: Lightbox's Sandeep Murthy

Deal valuations have become more rational and this will provide good opportunities for investors, Sandeep Murthy, Partner at Lightbox...

Artha Venture fund, others invest $4.5 mn in chess platform HobSpace

TMT

18 May, 2022

Artha Venture fund, others invest $4.5 mn in chess platform HobSpace

EduK8 Learning Labs Pvt Ltd, which runs global chess platform HobSpace, on Wednesday said it has raised pre-Series A funding ......

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