Ratan Tata backed Bluestone Jewellery to raise more than USD 15 billion via IPO
Bangalore-based Bluestone Jewellery is eyeing to raise more than USD 15 billion via Initial Public Offering (IPO). ET reported the news on February 27, 2022. Bluestone Jewellery is an online jewellery startup backed by Ratan Tata. ICICI Securities, IIFL Securities, Jefferies and JM Financial Securities are the appointed investors' bankers to manage its public issue. About the IPO The company will probably...
Blockchain Infrastructure Startup InfStones raises USD 33 million in Series B round
Infstones, a California-based blockchain infrastructure provider, raised USD 33 million in the Series B round on February 24, 2022. The investment saw participation from Susquehanna International Group (SIG) and Dragonfly Capital. Qiming Venture Partners, DHVC, A&T, and Value Internet Fund were the other investors to participate. The company's total funding closed at USD 45 million. Utilisation of funds With these funds,...
Indian-based Apparel startup Damensch raises US $16.4 million in Series B
Damensch, a men's lifestyle brand that sells directly to consumers, has raised $16.4 million in a Series B investment round headed by A91 Partners on 28th Feb 2022. The company produces men's loungewear and innerwear. According to a press release, the cash will be used to improve technology, reinforce and broaden the company's product portfolio. This round included existing investors Saama...
Hack VC raises US $200 million in Seed Funding
Hack VC, a San Francisco based venture capital firm, has raised a US $200 million fund. The seed funding was raised on 24th Feb 2022. Before collaborating with Alex Pack, who previously co-founded global crypto fund Dragonfly Capital and oversaw Bain Capital Ventures' debut into digital assets, Ed Roman, a solo GP, invested in early-stage tech and crypto startups for...
Bangalore-headquartered startup Upekkha raises USD 9 million from Westbridge Capital
A value SaaS accelerator platform, Upekkha raised USD 9 million from Westbridge Capital on February 25, 2022. The firm invested into Upekkha's UP funds - a SaaS-focused rolling fund on AngelList USA. UP funds will look into 50-60 startups in the current financial year. Upekkha's UP Funds will help Indian startups to scale globally. Upekkha's UP Funds UP funds launched in...
Indian Fintech Startup Perfios turns unicorn with USD 70 million funding
Bangalore-based Fintech Startup, Perfios raised USD 70 million (540 crore INR) in Series C on February 25, 2022. The existing investors- Warburg Pincus and Bessemer India led the funding. Perfios is the first fintech platform to enter the unicorn club in 2022. Earlier, Hasura (an Indian startup) joined the unicorn club this week. Hasura is a GraphQL developer. Overall...
Sydney-based startup Upflowy raises USD 4 million
Upflowy, a Sydney-based startup in Australia, raised USD 4 million in funding on February 21, 2022. The grant was led by Counterpart Ventures, a San Francisco based VC firm. Tidal, Global Founders Capital, Black Nova and Antler were among the pre-seed investors. Upflowy is a drag and drop tool to optimize personalized web experiences via its no-code solution. The purpose...
Indian VC firm IvyCap Ventures raises USD 214 million in the first close of Fund III
On February 23, 2022, India-based IvyCap Ventures announced the first close of Fund III at USD 214 million (1608 crore INR). The funds come from institutional investors, including banks, insurance companies and government departments. State Bank of India (SBI), Life Insurance Corporation of India(LIC) and HDFC life participated in the round. The Fund Size- IvyCap currently holds assets worth USD 425...
Bangalore-based Saas startup Xoxoday received USD 30 million in funding
On February 23, 2022, Fintech Saas Startup Xoxoday received funding of USD 30 million (INR 225 crore). The funding comes from Giift, provider of loyalty management solutions and Apis Growth Fund II, a private equity fund managed by Apis Partners LLP. The funding was a blend of primary and secondary capital components. Xoxoday is a provider of infrastructure technology that deals...
San Francisco-based startup Okteto raises US $15 million in Series A
Okteto, a company that helps developers quickly set up Kubernetes-based development environments to speed up their development process, has raised a US $15 million Series on 24th Feb 2022, in Series A funding round. Individual investors included LaunchDarkly founder and CTO John Kodumal, Replicated founders Grant Miller and Marc Campbell, FingerprintJS founder and CEO Dan Pinto, Bitnami founder Erica Brescia,...
