Browsing: Industry Updates

Zilo, a fashion tech startup, secured $4.5 million in seed funding led by Info Edge Ventures and Chiratae Ventures to expand its quick commerce model. The company plans to enhance its supply chain, brand partnerships, and geographic reach, aiming to deliver fashion and lifestyle products from over 250 brands within 60 minutes.

Existing investors, including stock market investor Amal Parikh, Think Investments, and other family offices, participated. With this, the company has raised a total of $145 million to date. Per founder and CEO Vivek Mishra, the fresh capital will be used for improving its R&D strengths and expanding its manufacturing facility.

Industrial 47, Antler, AC Ventures, Dexter Ventures, and several angel investors participated in the round. This comes at a time of heightened interest in indigenous defence manufacturing and AI-powered security systems, as India looks to reduce import dependence and strengthen domestic capabilities.

The funds will fuel expansion to new cities and online platforms. The company plans to broaden its product line with snacks from South India.

Industrial 47, Antler, AC Ventures, Dexter Ventures, and several angel investors participated in the round. This comes at a time of heightened interest in indigenous defence manufacturing and AI-powered security systems, as India looks to reduce import dependence and strengthen domestic capabilities.

The deal, led by Andreessen Horowitz, with participation from Conviction Partners (founded by ex-Greylock investor Sarah Guo), is among the largest-ever seed rounds in Silicon Valley’s history – underlining the investor frenzy surrounding AI model companies founded by ex-OpenAI leaders.

With this, Trip.com’s stake in MakeMyTrip has fallen to 19.99% from 45%, with two directors, down from five. This comes a month after MakeMyTrip faced allegations of endangering the travel data of Indian army personnel due to its Chinese shareholding.

Renewbuy has secured $10 million in funding from Apis Partners and 360 One amidst its merger with InsuranceDekho. The funds will support business development until the merger receives regulatory approval. Renewbuy, valued at around $324 million after its last funding round, plans to use the capital to expand operations during this interim period.

Mahaveer Finance raised Rs 200 crore in its first venture round led by Elevation Capital. The Chennai-based NBFC plans to expand its loan book, invest in tech, and diversify into products like LAP. With 80+ branches across South India, it targets Rs 5,000 crore in assets and Rs 100 crore monthly disbursals.

The round saw participation from both new and existing investors, including Helios Holdings, the Sharda family office, the Kay family, and others.