Browsing: Industry Updates

Home services marketplace Urban Company has allocated shares worth Rs 853.87 crore ($97 million) to anchor investors ahead of its Rs 1,900 crore initial public offering (IPO).

Company has raised $50 million in its expanded Series C funding round with fresh participation from UAE-headquartered CE-Invests, Singapore-based Panthera Growth Partners, and Japan’s SMBC Asia Rising

Reveal HealthTech secured $7.2 million in series A funding, led by Leo Capital, to expand its AI healthcare solutions. The company, incubated by W Health Ventures and 2070 Health, will use the funds to commercialize AI tools like BioCanvas and Prism AI, focusing on maret education and scalability.

Dectrocel, a health-tech startup developing AI-powered diagnostic solutions, has raised Rs 4 crore in a funding round led by IAN Group-powered BioAngels along with participation from PadUp Ventures and Vinners.

House of Zelena, a Bengaluru startup specializing in maternity wear, has secured Rs 7 crore in seed funding. Sprout Venture Partners and M Venture Partners co-led the investment round. GSF and angel investors also participated. The company plans to use the funds to enhance its supply chain. They will also invest in product development and community building.

The company plans to deploy the funds towards opening new dark stores in Bengaluru, rolling out formats like cafes and daily subscriptions, expanding into new categories, hiring talent, and investing in brand building.

ID.me, trusted by more than 152 million users to securely prove their identity online, has raised $340 million across a Series E financing announced today and its recent credit facility, at a valuation exceeding $2 billion. The Series E round was led by Ribbit Capital, with participation from existing investors Ares Credit funds and Moonshots Capital, as well as new investors, including Positive Sum. This funding will accelerate ID.me’s mission to expand access to secure, reusable digital identity and to stop AI-driven fraud.

CityMall has raised $47 million in funding led by Accel. Existing investors including Waterbridge Ventures, Citius, general catalyst, Elevation Capital, Norwest Venture Partners, And Jungle Venture also backed the round.

Offgrid Energy Labs, a battery tech startup, has raised $15 million in Series A funding led by Archean Chemicals. This investment will help advance their innovative ZincGel batteries, paving the way for large-scale energy storage solutions.

Hyderabad: Enmovil, a full-stack AI supply chain planning and visibility startup, has raised Rs 52 crore (approx. $6 million) through a Series A funding round led by Sorin Investments, an early stage Indian venture capital firm co-founded by former KKR India CEO Sanjay Nayar and Caravel Group COO Angad Banga. Capria Ventures and Twynam also participated in the funding round.