Kreedo bags $2.3 million in its Pre-Series A funding round led by Switzerland’s UBS Optimus Foundation, Spectrum Impact, Gray Matters Capital, and 1Crowd. The funds will be used to expand the business and form partnerships with schools nationwide.
Axilor Ventures announces $100 million Axilor Technology Fund-II
Axilor Ventures plans to raise $100 million for its second seed fund. The startup was founded by Infosys co-founders Kris Gopalakrishnan and SD Shibulal.
In a first, Hyderabad-based firm Synchrony announces permanent work from home for its employees
Synchrony Hyderabad has rolled out a permanent work-from-home option for all its employees which came into effect on June 27, 2022.
EV financing startup, Turno, raises capital worth $3.1 million in seed round
Turno, a commercial EV financing startup, has secured $3.1 million in a seed funding round. Stellaris Venture Partners and Avaana Capital participated in the investment round.
AlgiKnit, a US-based biomaterials firm announces raising $13 million in series A round
Algiknit the creator of eco-conscious yarns from kelp seaweed raises $13m Series A funding led by the Collaborative Fund.
Mekr, a digital ecosystem for mass manufacturing electronics, secures funding worth INR 5.8 crore from multiple investors
Mekr, an electronics product manufacturing startup, has raised Rs 5.8 crore in its seed round.
The funds raised will be utilised to invest in sales, supply chain, tech and project management teams and working capital requirements.
UK based EV startup, Tevva, introduces a Hydrogen Electric Truck
Tevva launched its first truck with a hydrogen fuel cell booster with a range of up to 310 miles (499 km) and a greater zero-emission range for fleet operators. It raised $140 million from investors so far.
ah! Ventures launches angel fund worth INR 100 crore to back early stage startups
ah! Ventures announces a maiden alternative investment fund with a corpus of Rs 100 crore. The fund is expected to close its first round of funding within the next 60 days and to be fully invested by the third year.
Gardening-focused startup, Urvann secures INR 3 crore in a seed round
Urvann, a hyperlocal marketplace focused on gardening, has raised Rs 3 crore in a seed funding round. The round was led by the angel investment platform, Inflection Point Ventures (IPV).
Uttar Pradesh launches the “RACE” drive to raise awareness about the ban on single-use plastics
Uttar Pradesh implements the nationwide single-use plastic ban using a unique “RACE” strategy. The campaign was launched on June 29th as a targeted 5-day drive across all UP districts.
Lumi Interactive, a female-founded gaming studio promoting mental wellness, raises $9M in a seed round
Lumi Interactive raises $9 million in funding to develop mobile games for mental wellness. The funding round was joined by a16z,1Up Ventures, Galileo Ventures, and Heracles Capital.