Pumpumpum, a Gurugram-based startup that provides used car leasing to businesses and consumers, revealed on Wednesday that it has received an undisclosed amount of new bridge capital from LC Nueva AIF, an India-domiciled Category II AIF Fund managed by LC Nueva Investment Partners LLP. PumPumPum intends to use the funds to raise customer awareness, develop…
Merkle Science, a blockchain monitoring and investigation platform, has closed a $5.75 million Series A investment round led by Darrow Holdings. Kraken Ventures, Bain-backed Uncorrelated Ventures, Fenbushi Capital, Token Bay Capital, Kenetic, and Lunex Ventures are among the other investors in the round. The Singapore-based firm’s fundraising announcement occurred immediately after its recent entrance into…
Meesho, a social commerce network, has received $570 million at a $4.9 billion valuation. Fidelity Management and Research Company and B Capital Group led the round. Existing investors Prosus Ventures, SoftBank Vision Fund 2, and Facebook also participated in the round. Footpath Ventures, Trifecta Capital, Good Capital, and others are among the new investors. Meesho…
Acceldata, a cloud-based enterprise data observability platform, raised $35 million in a Series B investment led by global venture capital and private equity company Insight Partners, with March Capital and current investors Lightspeed, Sorenson Ventures, and Emergent Ventures also participating. One-third of the money will go to research and development and the creation of cutting-edge…
The online fantasy sports platform Fantasy Akhada, based in Gurugram, has raised roughly $2 million in a pre-Series A round led by Prime Securities, Team India Managers Limited, and previous investors. Fantasy Akhada plans to use the funds to improve its in–house tech capabilities, be more aggressive with user acquisition and retention efforts, and scale…
Dr. Sashi Reddi, an entrepreneur and venture capitalist, has been named Chairman of IndianMoney.com, effective September 2021. With over 3 million active users, IndianMoney.com is India’s biggest supplier of financial and livelihood education. Speaking on the development, C S Sudheer, Founder and CEO of IndianMoney.com stated “Under the leadership of Dr. Sashi Reddi, we will be able to…
Liqvd Asia, one of India’s most recognisable digital marketing agencies, has bagged the integrated social media & conversational marketing mandate of Nippon India Mutual Fund in a multi-agency pitch. The agency will craft the strategy, implement and then manage the entire digital universe for Nippon India Mutual Fund, which includes social media management, digital creative…
Adgcraft, a new-age communications agency, has been awarded the communications mandate for Cocoberry, India’s first premium frozen yogurt brand. Cocoberry has been in India since 2012 and has garnered an enormous fan base over the decade with its mouth-watering diverse range of flavours and several product offerings. As part of the mandate, Adgcraft will be…
Cleartrip, an online travel business, recently hired Lowe Lintas to handle its creative obligations. The agency’s main responsibilities will include reinvigorating the brand and developing a solid communication strategy to help the company navigate the current industry landscape. The tourism industry has changed dramatically in the last year. The epidemic has irrevocably altered the tourism…
Employee wellness platform Nova Benefits has announced the appointment of Ankit Pandey as Head of Customer Success & Operations. Nova Benefits is dedicated to increasing employee wellbeing through health insurance, daily fitness, mental health counselling, and wellness programmes. Ankit will be responsible for overseeing endorsements, wellness, client relationships, and other facets of Customer Success, as…
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