Discover 19 articles related to Venture Capital
Mumbai-based venture capital firm A91 Partners has closed its third India-focused fund at $665 million. The firm, known for backing growth-stage companies across sectors, plans to invest in Indian startups with ticket sizes ranging from $20 to $50 million. Investors include the International Finance Corporation (IFC) and other global limited partners.
Purple Style Labs (PSL), renowned for its luxury fashion platform Pernia's Pop-Up Shop, has secured $40 million in Series E funding. This investment, led by prominent funds including SageOne and Alchemy, is set to drive PSL's expansion into new markets and enhance its omnichannel retail strategies.
Bessemer Venture Partners is doubling down on India's startup ecosystem with a new $350 million fund. With a focus on AI, fintech, and digital innovation, the venture capital firm aims to support promising early-stage companies, reflecting sustained investor confidence in India's technology and entrepreneurship landscape.
Omnivore’s $150 million agritech fund comes at a crucial time when climate change, food security, and rural financial inclusion are pressing concerns. By focusing on sustainable farming, rural fintech, and agrifood innovations, the fund has the potential to transform Indian agriculture, making it more resilient, productive, and technology-driven.
Mumbai-based venture capital firm Triton has secured the first close of its second fund at ₹120 crore ($28 million) out of a targeted ₹240 crore. The fund focuses on B2B technology and tech-enabled services.
SC Ventures and Kiya.ai have announced a joint venture to establish an immersive technology startup in India. Combining SC Ventures' expertise in financial technology with Kiya.ai’s capabilities in AI and digital solutions, the startup will focus on deploying virtual reality (VR), augmented reality (AR), and mixed reality (MR) technologies. The venture aims to transform industries such as banking, commerce, real estate, and entertainment while aligning with India's 'Digital India' mission.
Artificial intelligence is rapidly gaining traction in India, extending beyond enterprise solutions to consumer-focused applications. This expansion has attracted significant interest from venture capital funds, which are allocating more investment capital to AI startups. Firms like Stellaris Venture Partners and Lightspeed are leading this investment surge, focusing on AI-driven businesses that offer personalized experiences in local languages at affordable prices.
Wheelocity, a Chennai-based startup, has pivoted to rural e-commerce, targeting India’s underserved semi-urban and rural markets. Founded by Selvam VMS in 2021, the company uses a unique “phygital” model, combining an app with a fleet of 1,000 electric vehicles for daily doorstep deliveries. Operating in 3,500 villages, Wheelocity plans to expand to 20,000 villages across southern India, aiming to reach 10 million consumers. Backed by Lightspeed, the startup recently raised $15 million to scale its operations and grow its electric fleet.
COOX, a home services booking platform, has raised $125,000 in Seed funding from Inflection Point Ventures to support its expansion to 40 cities, boost marketing efforts, and incorporate AI for enhanced operations. Founded by Akshat Gupta, Abhishek Gupta, and Rajat Johri, COOX offers services such as professional chefs, domestic cooks, bartenders, and event decoration for various gatherings. Since its 2019 launch, COOX has served over 5 lakh customers and onboarded more than 3,000 trained professionals, driving innovation in home services and creating gig opportunities in the hospitality sector. With the Indian food services market set to grow, COOX’s mission—“Hosts should enjoy as much as the guests”—positions it to meet rising demand for organized, tech-driven service solutions.
Transition VC has launched India’s first energy transition startup accelerator, in collaboration with T-Hub and IEEE, to support startups working in decarbonisation, energy storage, electrification of transport, and Net Zero technologies. With part of its ₹400-crore fund allocated to the initiative, Transition VC aims to incubate 7-8 startups, offering funding, R&D support, mentorship, and prototyping assistance. Co-founder Mohammed Shoeb Ali emphasized the importance of leveraging India's engineering expertise to reduce fossil fuel dependency. The accelerator aligns with the government’s energy transition goals, with two Centres of Excellence being established to drive innovation and sustainability efforts.
Singapore-based ThinKuvate has made the first close of its Rs 100-crore India-focused fund, raising Rs 25 crore within four months. The fund targets early-stage startups, co-investing alongside top venture capital firms in sectors like healthtech, fintech, AI, and more. ThinKuvate has already invested in four startups, including Rosh.ai and Zippee, and plans to back 30-40 companies with Rs 1.5-4 crore investments. Over 50% of the fund’s investors are NRIs from countries such as Singapore, the US, and Australia, highlighting its global appeal.
Visa processing platform Atlys has raised $20 million in its Series B round, co-led by Peak XV Partners and Elevation Capital, with participation from DST Global and Headline. The funding will drive Atlys' global expansion, product development, and entry into new markets. The three-year-old startup streamlines visa processes, reducing rejection rates and processing times to just 55 seconds. Atlys handles over 30,000 visa applications monthly, with India contributing 60%. Founder Mohak Nahta highlighted the company's 20x growth and the critical need for seamless visa processing amid India’s rising outbound tourism.