Browsing: Industry Updates

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.

Using IoT, AI, and digital twin technology, Intangles helps vehicle OEMs and fleet operators with proactive vehicle health monitoring and maintenance.

Cerebras said the funding round, which was led by Fidelity Management & Research Co and Atreides Management, brings the company’s valuation to $8.1 billion.

Ignosis, an enterprise-first Account Aggregator (AA) infrastructure and financial data intelligence platform, has raised $4 million in pre-Series A funding round led by Peak XV’s Surge along with participation from Force Ventures, Razorpay Ventures, Kunal Shah of Cred and other existing investors.

Helion Ventures cofounder Ashish Gupta, Urban Company founders Abhiraj Singh Bhal, Varun Khaitan, and Raghav Chandra, and Urban Company chief buiness officer Mukund Kulashekaran also participated in the round comprising primary and secondary capital.