D2C nutrition brand GoOAT has raised a pre-seed funding round led by D2C Insider Super Angels for an undisclosed amount. The round also saw the participation of a clutch of investors including Deep Bajaj (founder of Sirona), Mohit Bajaj (co-founder of Sirona), Dhruv Kohli (founder of Boba Bhai), Shiv Dhawan: (founder of First Coffee), Akash … Read more
Daman Soni, former President and Chief Business Officer of e-commerce roll-up company GlobalBees, has joined AstroTalk as CBO (e-commerce), sources familiar with the development told Entrackr. At GlobalBees, Soni played a key role in scaling the company’s business operations and driving marketing efforts for its portfolio brands. Notably, GlobalBees achieved unicorn status during his tenure. … Read more
During the week, 19 Indian startups raised a total of approximately $462.27 million, including 6 growth-stage and 10 early-stage deals, while 3 startups kept their funding details undisclosed. In comparison, the previous week saw 30 startups across early and growth stages secure around $355.02 million. Growth-stage deals In the growth-stage funding landscape this week, Cross-border … Read more
Edtech unicorn PhysicsWallah has appointed three independent directors to ensure compliance with the Companies Act’s independence requirements ahead of filing its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI). The board at PhysicsWallah has passed a special resolution to appoint Nitin Savara, Rachna Dikshit, and Deepak Amitabh as non-executive … Read more
IPO-bound used car marketplace Droom is raising Rs 25 crore (approximately $2.9 million) in a fresh funding round co-led by Finvolve and IA Growth Oppotunities Fund II, and Rameshchandra Shah. The round also includes participation from individual investors such as Rajkumar Sorathi, Hardik Kothiya, Shirish Patel, and others. The board at Droom has passed a … Read more
The Unified Payments Interface (UPI) recorded a 5.2% decline in transaction volume, totaling 16.11 billion in February 2025. While the top three UPI apps—PhonePe, Google Pay, and Paytm—continued to dominate the market, Flipkart’s Super.money entered the top five for the first time. PhonePe accounted for 47.54% of transaction volume (7,656.40 million) and 50.94% of the … Read more
Nazara Technologies Limited has announced the resignation of its Chief Operating Officer (COO), Sudhir Kamath, who will step down from his role effective April 1, 2025. The company disclosed this development in an official filing with BSE Limited and the National Stock Exchange of India Limited (NSE). According to the company’s statement, Kamath has decided … Read more
Tech-enabled construction company Brick&Bolt is raising Rs 16.6 crore (approximately $1.95 million) in its pre-Series B round from Foundamental. Foundamental is a US-based investment firm that has previously invested in Indian companies, including Infra.Market in its Series A round in 2020. The board at Brick&Bolt has passed a special resolution to issue 369 pre-Series B … Read more
Cross-border neobanking startup Zolve has secured $251 million in an equity and debt funding round led by Creaegis, with participation from HSBC, SBI Investment, GMO Venture Partners, DG Daiwa Ventures, and existing investors Accel, Lightspeed Venture Partners, Sparta Group, and DST Global. This Series B round includes a $200 million warehouse line (debt) from Community … Read more
Hangyo Ice Cream secured India’s largest venture funding for an ice cream brand, raising $25 million from Faering Capital in August last year. The investment was driven by the company’s expanding scale, as it surpassed Rs 300 crore in revenue in FY24 while maintaining profitability. Hangyo’s revenue from operations grew 23.5% year-on-year to Rs 294 … Read more