Prashant Mamtora

Elevation Capital launches $400 million late-stage fund to back IPO-bound startups 📌 Venture capital firm Elevation Capital, known for early bets on Paytm, Swiggy, Meesho, and Urban Company, is entering new territory. The firm has launched a $400 million fund focused on late-stage tech companies preparing for IPOs. ● The vehicle, called Elevation Holding, will cut cheques between $20 million and $50 million across 10–15 companies, Elevation Capital co-managing partner Mukul Arora told ET. ● This new fund will primarily back companies in the consumer and financial services segments with a technology focus, Arora added. ● The fund will run in parallel with its Fund VIII, a $670 million early-stage vehicle that invests $2–5 million in startups. Story By: Pranav Mukul & Samidha Sharma

207

8 Comments

D2C cookware brand Ember has secured $3.2 Mn (INR 28.3 Cr) in its seed fund rounding from high-net-worth individuals (HNIs), family offices, and angel investors like Yoga Bar cofounder Suhasini Sampath and Salarpuria Group MD Apurva Salarpuria👇 As part of the round, celebrity chef Saransh Goila joined Ember as its partner and investor. Commenting on the fundraise, Ember cofounder Himanshi Tandon told Inc42, “We plan to double down on our research and development (R&D). While we have had access to global technologies, we also want to develop our own technologies. For this, we are setting up an innovation lab along with Saransh.” Tandon said that the startup is considering setting up the innovation lab in Mumbai. It will focus on consumer and product research and carry out product testing. To read the in-depth article, click here: https://4-2.co/3VGN3NQ #news #D2C #Funding #startup

307

41 Comments

🚨 ELIVAAS raises Rs 87 Cr in Series B round led by Vertex Ventures Southeast Asia & India. Luxury vacation rental platform ELIVAAS has raised ₹87 crore in a Series B round led by Vertex Ventures SE Asia & India, with participation from Peak XV Partners’ Surge and 3one4 Capital. Founded in 2023 by Ritwik Khare and Karan Miglani, ELIVAAS will use the funds to deepen its footprint in India, explore select international markets, and strengthen its tech for seamless, high-end travel experiences. Operating across 30 destinations, the brand saw a 5x revenue growth in FY25 and aims to be a trusted name in luxury travel worldwide. Read more: https://lnkd.in/gecZPs2J By Trisha Medhi #StartupNews #LuxuryTravel #Funding #IndiaStartups #ELIVAAS

147

19 Comments

🚀 Gurugram-based home services startup Pronto has raised $11 Mn (Series A), co-led by General Catalyst & Glade Brook Capital, with participation from existing investor Bain Capital Ventures. 💰 This comes just months after a $2 Mn seed extension from Bain Capital Ventures. 📍 What’s next for Pronto? ✅ Expansion to Mumbai & Bengaluru in 12–18 months ✅ Onboarding & training 10,000+ service professionals ✅ Scaling its 10-minute on-demand home services platform 🏠 Pronto offers instant, scheduled & recurring house help — sweeping 🧹, utensil washing 🍽, laundry 👕, kitchen cleaning 🍳 & more. 💬 Anjali Sardana, Founder: “We’re building a new era of trusted, rapid home services for India’s urban households.” #StartupNews #Funding #SeriesA #Pronto #househelp #seriesA #funding #IndiaEconomy #viralpost #scoopearth #scoopearth.in

66

#EIUpdates BizDateUp has launched Pulse Fund I, a ₹1,000 crore Alternative Investment Fund (AIF) to support high-growth businesses. The fund, which includes a ₹500 crore green-shoe option, will allocate 50% to startups, 30% to profitable SMEs, and 20% to real estate. Structured as a 10-year close-ended vehicle, it will invest in sectors like AI, SaaS, fintech, healthtech, defense, gaming, EVs, and renewable energy, with a special focus on Tier II and Tier III cities. Founded by Jeet Chandan and Meet Jain, BizDateUp has already supported over 25 companies and built a network of 1,000 angel investors. The company reported an impressive 3.5x average return for investors last fiscal year. Looking forward, BizDateUp plans to expand its presence internationally with new funds in Singapore, the U.S., and Dubai to further support India's innovation ecosystem. Read the story: https://ow.ly/y58c50WQ4S2 #BizDateUp #PulseFund #StartupIndia #AlternativeInvestment #SMEGrowth #VentureCapitalIndia #Tier2Cities #InnovationEcosystem #AIInvesting #FintechIndia

97

2 Comments

Elevation Capital, the firm that invested in Paytm, Swiggy, Meesho, and Urban Company, is starting a new $400 million fund called Elevation Holdings. Unlike their usual focus on early-stage startups, this fund will invest $20–50 million each in 10–15 companies that are preparing to go public. This comes at a time when private funding in India is slowing down, so many startups are looking at the stock market to grow and raise money. Ravi Adusumalli | Mridul Arora | Vaas Bhaskar | Chirag Chadha | Mayank Khanduja | Krishna M.| Deepak Gaur | Ashray Iyengar | Manish Advani | Poorvi Vijay | Vishap Rana | Vaibhav Chowdhury | Ishwar Prasad 🔗 Read full article link in comment #elevationcapital #funds #venturecapital #elevationholdings #ipo #startupnews #businessupdate

73

1 Comment

Linkrunner, an App attribution and analytics platform has raised Rs 5 crore in a pre-seed funding round led by Titan Capital. The round also saw participation from angel investor Samir Sood and early-stage venture firm 2am VC. The funds will be used to hire talent in engineering, data science, and sales and to boost product development and marketing efforts across India. Shreyans Sancheti | Darshil Rathod | Lakshith Dinesh Read full article link in the comment 👇 #linkrunner #bengaluru #funding #startupnews

181

2 Comments

MyNaksh, an AI-powered astrology startup, has raised INR 7.5 crore in a pre-seed funding round led by Eximius Ventures and Gemba Capital, with additional participation from Infinyte Club and several angel investors. The funding round stands out as one of the largest pre-seed raises in India’s rapidly expanding online astrology space. Founded by Nitesh S., Devaang Agarwalla, Gaurav Mohta, and Piyush Nagle, MyNaksh blends AI-driven personalisation with guidance from human astrologers. Its subscription model provides users with customised astrology guides, while paid consultations add expert insights. Over time, the AI adapts to user behaviour and context, offering increasingly tailored experiences while ensuring cultural authenticity through human astrologers. "MyNaksh is a personal guide for each individual's life journey, delivered via a product that understands their unique context and offers deeper experiences with each passing day than the chat-first format available online," said Nitesh Salvi, Founder and CEO of MyNaksh. "This fundraise accelerates our mission to restore astrology's status as a credible, culturally rooted, and deeply personal tool for self-awareness and growth." Competing with platforms like Astrotalk, AstroSage AI, and Click Astro, MyNaksh stands out with its AI-first, human-in-the-loop model. The fresh capital will fuel product development, improve personalisation, and strengthen its positioning as a modern tool for self-awareness while remaining rooted in cultural traditions.

88

2 Comments

Restaurant POS and management software provider Petpooja has raised ₹137 crore ($15.5 million) in its Series C round led by Dharana Capital, with participation from Helion Ventures co-founder Ashish Gupta and Urban Company’s co-founders Abhiraj Singh Bhal and Varun Khaitan. The round values the Ahmedabad-based company at around ₹910 crore ($103 million), marking a 3.5x jump from its previous valuation. The company plans to use the funds to enhance its product portfolio, expand AI-driven automation, and strengthen customer support. Founded in 2011, Petpooja now serves over 1,00,000 clients across India, UAE, and South Africa, and processes around 25% of Zomato and Swiggy’s online order volumes. #fundingnews #petpooja #seriesc #saas #restauranttech #venturecapital #investmentnews #foodtech #pos #restaurantmanagement #ai #automation #indianstartups #growth #techinnovation #businessnews #startupecosystem #startups #scalingup #restaurantindustry #f&b

106

iQue Ventures Launches ₹600 Cr Startup Park in Bengaluru India’s startup ecosystem is set for a major boost with the launch of Startup Park, a ₹600 crore project designed to support early- and growth-stage startups. - First Phase: ₹50 crore facility launching in Bengaluru on Sept 15 - Impact: Support for 200+ startups & 10,000 jobs within six quarters - Ecosystem: Pitch studios, R&D labs, prototyping facilities, co-working areas & mentorship programs This initiative marks a new chapter in building robust infrastructure, funding support, and collaborative opportunities for India’s entrepreneurs. #StartupIndia #Entrepreneurship #Innovation #Bengaluru #Jobs

305

6 Comments

Linkrunner, an AI-powered mobile measurement partner (MMP), has raised Rs 5 crore in a pre-seed round led by Titan Capital. The funding round also saw participation from 2AM.VC and angel investor Samir Sood. The startup plans to use the funding to scale product innovation, expand go-to-market efforts, and grow the team across engineering, data science, and sales. Read the full story here:👇 https://lnkd.in/dHWcsAZ3 #ai #mobile #measurement #mmp #funding #investors #angelinvestors #investment #startup #indianstartupnews

1,980

31 Comments