Browsing: Industry Updates

The round values SpeakX at $66 million post-money, up from $25 million when it last raised $6 million as Yellow Class in 2021. SpeakX will use the capital towards improving its technology, expanding its team, and adding more regional language support.

Artha India Ventures (AIV) has completed the first close of Rs 250 crore for its second micro venture capital fund, Artha Venture Fund II (AVF II).

The newly-raised funds will be used to set up a new manufacturing plant and to launch a new range of motor and controllers.

Wealth tech platform Dezerv has raised Rs 350 crore (about $40 million) in a funding round co-led by Premji Invest and Accel’s Global Growth Fund.

Hunger Inc, the parent company of Bombay Sweet Shop and restaurant brands Bombay Canteen, Veronica’s, O Pedro and Papa’s, has raised Rs 215 crore (nearly $25 million) in a new funding round from Lighthouse and DSG Consumer Partners. The round also saw some of its early investors, including CP Gurnani and a few angels, exit via secondary deals.

Pantherun will expand into global markets, boost R&D for its advanced encryption technology, and launch new cross-platform security solutions for devices, cloud, and edge systems.

The funding round saw participation from prominent investors, including former Google CEO Eric Schmidt, Citi and Donald Trump Jr-backed private equity firm 1789 Capital, as well as existing investors Lightspeed and Sequoia.

BENGALURU: Equity management platform Qapita has raised $26.5 million in a Series B round led by US-based brokerage giant Charles Schwab Corporation.

Jaagruk Bharat, a civic-tech startup dedicated to making government services, has raised Rs 1.5 crore in a pre-seed funding round led by AJVC, the early-stage venture capital firm founded by Aviral Bhatnagar.

UK-India cross-border VC firm Pontaq has secured a Rs 10 crore investment from Navyug Global for its India-focused fund.