How to Invest in a Profitable Startup in the Online Dating Niche?
Online dating has become more and more popular over the last few years. Due to its popularity, it is also becoming one of the most important markets in the world, where investors are looking for an investment opportunity. Investors are attracted by the high return on investment, low risk, and fast growth potential of the online dating market. If you...
Indian Prime Minister Narendra Modi launches new initiatives at Digital India Week 2022
On July 4, 2022, Indian Prime Minister Narendra Modi unveiled four new initiatives to boost startups at Digital India Week 2022. The prime minister, Railway, IT and communications minister Ashwini Vaishnaw and Minister of State for IT, Rajeev Chandrashekhar, attended the event. The four new initiatives launched were Digital India Bhashini, Digital India GENESIS, Indiastack.global, and MyScheme. Digital India...
Ensuredit Raises USD 4.2 Million in Pre-Series A Funding
Gurugram and Bangalore, India-based insurtech startup Ensuredit raised USD 4.2 million in Pre-Series A funding. The round took place on July 5, 2022. The U.S-based Cover Genius led the financing for Ensuredit. The pre-Series A round also saw participation from 9Unicorns, NexStep Discovery, CP Ventures, Venture Catalysts, and IPV. Besides, existing investors joined in the investment. Purpose of Funding by...
North Carolina-based Seaweed biomaterial startup Algiknit raises USD 13 million in Series A
On June 29th, 2022, AlgiKnit, a US firm that creates sustainable textiles from seaweed, revealed that it had raised USD 13 million in Series A funding. Leading the round was Collaborative Fund. H&M CO: LAB, the investment division of Swedish clothing giant H&M Group, Starlight Ventures, and Third Nature Ventures were among the new investors. Participants included previous investors, Horizons Ventures,...
Kreedo Raises USD 2.3 Million in Pre-Series A Funding
Bangalore, India-based edtech startup Kreedo Early Childhood Solutions raised USD 2.3 million in pre-Series A funding. The round took place on July 4, 2022. Switzerland-based UBS Optimus Foundation, Spectrum Impact, Gray Matters Capital and 1Crowd co-led the funding for Kreedo. Meanwhile, Innospark Ventures, IIM-CAN and The Chennai Angels participated in the financing. Purpose of Funding for Kreedo The latest funding will...
Gujarat and Karnataka Top Performers in Indian States’ Startup Rankings 2021
According to the third edition of States' Startup Rankings 2021, Gujarat and Karnataka are the best performers in Category A in providing a startup ecosystem for budding entrepreneurs. Meanwhile, Meghalaya clinched the title for the same in Category B. The Department for Promotion of Industry and Internal Trade (DPIIT) released the State's Startup Rankings 2021 report on June 4,...
Zetwerk Acquires Three Firms for USD 12.6 Million
India-based business-to-business manufacturing unicorn Zetwerk, acquired three firms in a USD 12.6 (INR 100 crore) million deal. The acquisitions reported on June 30, 2022, will boost the company's industrial portfolio. Zetwerk purchased the oil and gas, aerospace, defence and infrastructure component segments. The Acquisitions by Zetwerk To further enhance its aerospace and defence manufacturing capabilities, the company purchased Pinaka Aerospace Solutions. In the...
Sourcewiz Raises USD 2.5 million in Pre-Series A Funding
Gurugram and Bangalore, India-based Software-as-a-service (Saas) startup Sourcewiz for exporters, raised USD 2.5 million (INR 20 crore) in funding. The pre-Series A round took place on June 27, 2022. Matrix Partners India led the funding for Sourcewiz. Meanwhile, Angel investors, including Aniket Deb, the co-founder of B2B packaging firm Bizongo; Wami Capital, the family office of Transworld Group; and...
VEON Ventures invests USD 15 million in Pakistan-based B2B startup Dastgyr
June 14, 2022 - VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a multinational digital operator offering mobile connections and services, declares today that its VEON Ventures subsidiary has invested USD 15 million in Dastgyr, a Pakistan-based B2B e-commerce marketplace platform, as part of a Series A transaction. The Pakistani e-commerce market will benefit from this investment. The agreement, which represents...
Israel-based DevOps platform startup Incredibuild raises USD 35 million in Series B
On June 27, Incredibuild, the company behind the top hybrid development acceleration platform for teams of developers and DevOps, said that it had raised USD 35 million in Series B funding, doubling its ARR and greatly raising its valuation. With involvement from current investor Insight Partners, Hiro Capital, a venture capital firm created by entrepreneurs and focused on video...
