Blume Ventures
India's Euler Motors gets $14m Series C extension
India’s Euler Motors, a logistics-focused electric three-wheeler maker, has lifted its Series C round to about USD 83m with a USD 14m tranche featuring cleantech investor Green Frontier Capital.
India edtech: Class dismissed
With investment all but evaporated and its champion in a tailspin of bad press, India’s massive online K-12 education space is in an awkward limbo. It’s a welcome correction though
RTP leads $17m round for India internet provider
RTP Global has led a USD 17m round for India’s Wiom, a home internet provider for middle and lower-middle-income customers.
Deal focus: Exfinity seizes rare India robotics opportunity
India’s Exfinity Ventures stepped out of its comfort zone with Ati Motors. Now it’s helping the industrial robotics supplier go global with autonomous forklift-style machines that can roll in and out of buildings
Tiger, Blume join $33m round for India's Battery Smart
Tiger Global Management and Blume Ventures have supported a INR 2.7bn (USD 33m) pre-Series B round for Indian battery-swapping electric vehicle (EV) infrastructure provider Battery Smart.
India’s HealthifyMe raises $30m
LeapFrog Investments and Khosla Ventures have led a USD 30m pre-Series D round for India-based mobile health and fitness app HealthifyMe.
India satellite imaging player Pixxel gets $36m Series B
Google is one of several new investors in a USD 36m Series B round for Pixxel, an India-based satellite imaging provider targeting climate change use cases. The company has now raised USD 71m in private funding to date.
Winter Capital leads $22.5m Series A for India's Uolo
Dubai-based Winter Capital has led a USD 22.5m Series A round for Indian education technology platform Uolo with support from local investor Blume Ventures.
India's Blume closes fourth India VC fund on $250m
India’s Blume Ventures has closed its fourth fund targeting seed-stage tech start-ups on USD 250m, beating a target of USD 200m. Fund III raised USD 105m in 2020.
Deal focus: Euler finds favour with India-oriented EVs
Euler Motors is one of several India-based electric vehicle manufacturers attracting significant private capital, but the company believes its customised offering for commercial users is truly differentiated
GIC leads Series C for India EV maker Euler
GIC has led a USD 60m Series C round for Euler Motors, an India-based manufacturer of commercial electric vehicles (EVs), at a valuation of USD 200m.
India insurance start-up Zopper raises $75m
Indian private equity firm Creaegis has led a USD 75m Series C round for local insurance technology provider Zopper.
Deal focus: Jai Kisan taps India rural resurgence
The founders of technology-enabled credit platform Jai Kisan went against the grain by forgoing urban customers and targeting India’s rural poor. A USD 50m Series B is an indicator of its progress
Singularity Growth leads Series D for India's Servify
India’s Singularity Growth Opportunity Fund, a vehicle associated with former Reliance Capital executive Madhusudan Kela, has led a USD 65m investment in after-sales software provider Servify.
India rural fintech player Jai Kisan raises $50m
India’s Jai Kisan, a financial technology start-up focused on digital banking in rural areas, has raised USD 50m in Series B funding from a group including DG Daiwa Ventures and Blume Ventures.
India's SquadStack raises $17.5m Series B
India’s SquadStack, a telemarketing technology provider, has raised a INR 1.4bn (USD 17.5m) Series B round led by Bertelsmann India Investments.
NewQuest, Prosus lead $90m Series E for India’s Cashify
NewQuest Capital Partners and Prosus Ventures have led a USD 90m Series E round for India’s Cashify, a marketplace for used smart phones and gadgets.
India beauty e-commerce player Purplle achieves unicorn status
India-focused beauty e-commerce platform Purplle has raised USD 33m in funding at a valuation of USD 1.1bn – nearly twice what it was worth about seven months ago.
Tiger Global, Insight lead $220m round for India's Slice
Tiger Global Management and Insight Partners have led a $220 million round for Indian financial technology provider Slice at a valuation of about $1 billion.
Blume hits $105m first close on fourth India VC fund
Indian venture capital investor Blume Ventures has achieved a first close of $105 million on its fourth fund, exceeding the full amount raised in the previous vintage.
Kedaara leads $75m round for India's Purplle
Kedaara Capital has led a $75 million Series E round for India-focused beauty e-commerce platform Purplle at a valuation of $630 million – up from $300 million when the start-up closed its previous round in March.
Faering leads $40m Series C for India fintech start-up
Indian private equity firm Faering Capital has led a $40 million Series C round for stock trading and thematic portfolio platform Smallcase, with support from Amazon and Premji Invest.
India IPOs: A pleasant surprise
The lack of a reliable IPO channel is a longstanding exit obstacle for venture capital investors in India. Domestic listings may, unexpectedly, prove to be the answer
Tiger Global leads $35m Series C for India's Classplus
Tiger Global Management has led a $65 million Series C round for Classplus, an India-based education technology platform through which teachers can distribute, track, and monetize content.