Elivaas raises $2.5 million from Surge to disrupt the homestay space

Looking to boost the homestay space; Elivaas has raised $2.5 million in a seed round led by Surge; Peak XV Partners’ scale-up programme.

M.S. Dhoni invests in Tagda Raho to reintroduce traditional workouts to India

In an effort to promote an blend of traditional and new fitness know-hows; Mahendra Singh Dhoni has invested in fitness startup Tagda Raho.

Done Deal raises $800,000 in pre-seed round led by Gruhas

Done Deal, led by Rohit Raj, Ankara Jain, and Aneesh Sivakumar raises $800,000 in a pre-seed funding round led by Gruhas.

VC firm gradCapital launches second fund of $6 million; to invest $40k each for 4% equity in student led startups

Student-focused VC firm gradCapital launches its second fund of $6 million. They will offer a $40,000 investemnt at 4% equity.

Praggnanandhaa Rameshbabu: Meet the child prodigy who won silver at the FIDE World Cup

Praggnanandhaa Rameshbabu is the youngest player to reach the 2023 FIDE World Cup finale. He holds the record of the youngest international master and fourth-youngest grandmaster in history.

MediBuddy raises $18 million in additional funding from existing investors 

MediBuddy, digital healtcare platform raises $18 million from exisitng investors Quadria Capital, Lightrock, and TEAMfund.

13SQFT.com, B2B Warehousing and Logistics Platform raises $1 million in Pre-Series A Funding

13SQFT.com, a digital B2B platform with specilaisation in warehousing and logistics raised $1 million in pre-Series A funding.

India’s Newest Unicorn: Zepto raises $200 million at $1.4 billion valuation at Series E Funding.

In the recent Series E Funding led by US-based StepStone Group, Zepto, a 10-min grocery service firm raised $200 million at a valuation of $1.4 billion.

Weekly funding report – 1 May to 6 May 2023

A quick look at the startups funding in the 1st week of May in our curated weekly funding report.

Lightspeed Ventures announces massive fund; $500M dedicated to India and Southeast Asia

According to Lightspeed Ventures,a total of $2.5 billion in funding will be spent in early-stage deals, including the $500 million funds created for India.