Blitzscale Technology, the innovative force behind WMall (BlitzScale Tech) and its latest venture ShopDeck (Previously NuShop), has raised approximately $8 million (Rs 65.2 crore) in a recent funding round after a five-year break from major investments. The round was led by Bessemer Venture Partners, with significant contributions from Chiratae Ventures and Elevation Capital, along with VH Capital and Reed India. This fresh infusion of capital is set to fuel ShopDeck's expansion, growth, and marketing efforts. For those unfamiliar, ShopDeck empowers businesses to effortlessly create and manage their e-commerce stores, competing with industry giants like Shopify and Magento. This comes after a strategic pivot from WMall, which originally focused on social commerce before rebranding to NuShop and finally to ShopDeck. With Elevation Capital now holding the largest external stake and co-founders Harmin Shah and Rishabh Verma retaining a substantial share, the company is poised for an exciting future. Stay tuned for more updates as ShopDeck continues to make waves in the e-commerce space! Read More: https://lnkd.in/gZgJYvAx #ShopDeck #WMall #BlitzscaleTechnology #FundingNews #Ecommerce #TechStartups #InvestmentRound #BessemerVenture #ChirataeVentures #ElevationCapital #BusinessGrowth #DigitalCommerce #Entrepreneurship
Indian Startup Times
Internet News
mumbai, maharashtra 7,015 followers
Your one-stop destination for the latest news, insights, and stories of startups in India.
About us
Welcome to the IndianStartupTimes, your insight into the dynamic and enterprising world of Indian Startups. IndianStartupTimes is a new-age, high-powered & choice-fully designed platform to keep you updated about the constantly evolving landscape of Indian Startups. Our mission is to connect, inform and inspire Entrepreneurs, Investors, & Enthusiasts as they accelerate their way to growth & success.
- Website
-
www.indianstartuptimes.com
External link for Indian Startup Times
- Industry
- Internet News
- Company size
- 2-10 employees
- Headquarters
- mumbai, maharashtra
- Type
- Privately Held
- Founded
- 2022
- Specialties
- startupnews, startupjobs , success stories, StartupInvestments, VC, Seed fund , Angel Funds, and Recognition
Locations
-
Primary
2B-62, Paragon Center, LBS Marg, Kurla
mumbai, maharashtra 400070, IN
Employees at Indian Startup Times
-
Nishad Mahendru
Co-Founder - Indian Startup Times | Derivatives Trader | Ex Founder & CEO - Pure Media Imagination
-
Disha Kuralkar
Full-Time Intellectual Property Rights Officer at Meril| Part-Time Content Writer
-
Yashika K
Incoming Audit Assistant@Deloitte USI |SVC'24 | NITI Aayog | Startup India | Invest India | Ministry of Commerce and Industry | Government of India |…
-
Aashish Singh
Group Editor Steering the Course of Editorial Excellence
Updates
-
Fireside Ventures Leads Rs 26.7 Crore Series A Investment in Lab-Grown Jewellery Brand Aukera. Exciting developments in the sustainable jewellery space! Lab-grown diamond brand Aukera has just secured Rs 26.7 crore (~$3.2 million) in its Series A round, led by Fireside Ventures. This marks the first institutional funding for the Bengaluru-based startup, founded in 2023. Aukera, known for its women-centric approach, offers stunning lab-grown diamond jewellery in white, rose, yellow gold, and platinum. The funds will be used for expansion and other corporate initiatives, positioning the brand for significant growth in the rapidly evolving jewellery market. With Fireside Ventures now holding a 19.20% stake, and other investors like Sparrow Capital and Eternal Emerging Enterprises joining the round, Aukera is set to shine even brighter. Stay tuned for more updates on this and other exciting ventures in the startup ecosystem! Read More: https://lnkd.in/gK4fPW2K #StartupFunding #LabGrownDiamonds #SustainableJewellery #VentureCapital #WomenInBusiness #FiresideVentures #Aukera #SeriesAFunding
Fireside Ventures Leads Rs 26.7 Crore Series A Investment in Lab-Grown Jewellery Brand Aukera
http://indianstartuptimes.com
-
Oneiric Gaming, the esports and gaming platform backed by actor Rannvijay Singha, has just raised $1 million in a pre-Series A funding round! The round was co-led by NG Family Trust and TAC Holdings, with additional support from other investors. This funding will fuel the expansion of Oneiric11's game development team, boost its technological infrastructure, and supercharge marketing efforts to reach even more gaming enthusiasts across India. Founded by Avneet Singh in 2020, Oneiric11 Gaming is known for creating immersive gaming experiences tailored to Indian gamers, with a unique zero transaction fee feature that showcases its commitment to responsible gaming. As Oneiric11 Gaming continues to rise, it joins the ranks of other major players in the industry like GRID Esports, Gameskraft, EVOS Esports, and JetSynthesys. Stay tuned for more updates on how this funding will shape the future of gaming in India! Read More: https://lnkd.in/gW7X4HMy #Esports #GamingIndustry #Oneiric11Gaming #FundingNews #IndianGaming #RannvijaySingha #StartupNews #FantasySports #TechNews #GameDevelopment
Oneiric11 Gaming Secures $1 Million in Pre-Series A Funding
http://indianstartuptimes.com
-
BlueBinaries Engineering and Solutions Pvt Ltd Secures Rs 60 Crore Funding Round Led by Anicut Capital LLP! Exciting developments in the engineering and technology space as BlueBinaries, a pioneer in automotive technology solutions, has raised Rs 60 crore (~$7.2 million) in a mixed debt and equity round led by Anicut Capital. This funding will fuel BlueBinaries' efforts to expand its customer base among global OEMs and Tier I automotive suppliers, while also enhancing its Software Defined Vehicle (SDV) and digital capabilities. The Chennai-based company, co-founded by Srinivas Aravapalli and Kishore LM, specializes in E/E Architecture design and development, alongside cutting-edge digital technologies like AI/ML, cloud computing, cybersecurity, and IoT solutions. As the global automotive electronics and software market is set to exceed $80 billion by 2030, this investment positions BlueBinaries at the forefront of industry innovation. Stay tuned for more updates on their journey! Read More: https://lnkd.in/gtMAs75K #BlueBinaries #AnicutCapital #FundingNews #AutomotiveTechnology #SDV #DigitalTransformation #Innovation #EngineeringServices #Startups #TechNews
BlueBinaries Secures Rs 60 Crore in Debt and Equity Funding Led by Anicut Capital to Enhance SDV and Digital Capabilities
http://indianstartuptimes.com
-
FINQY Raises $2 Million in Latest Funding Round! Exciting times in the fintech space! FINQY, a startup revolutionizing financial services distribution in India, has just secured $2 million in a fresh funding round. The investment comes from AngelBay, India Accelerator, Family Offices, and private investors, marking another significant milestone for the company. Founded in 2019 by Manish Aggarwal, FINQY is on a mission to simplify financial decisions for consumers by offering a wide range of products, including credit cards, insurance, loans, and investments. With 30 offices across 24 cities and a strong network of 100+ financial partners, the company is poised for further growth. This new capital will be used to enhance FINQY's technology and accelerate its strategic initiatives, helping more people make informed financial choices. Kudos to the FINQY team for hitting a revenue milestone of $9.8 million in FY24! Stay tuned for more updates on FINQY’s journey and the fintech industry! Read More: https://lnkd.in/gxHihrjY #FINQY #Fintech #Funding #Startup #FinancialServices #Investment #Innovation #TechNews
FINQY Secures $2 Million to Accelerate Financial Services Expansion
http://indianstartuptimes.com
-
Karma Primary Healthcare, a Hyderabad-based digital health startup, has successfully raised $1.3 million in its Series A funding round! Led by UBS Optimus Foundation and supported by 1Crowd and other investors, this round marks a significant milestone in Karma’s mission to revolutionize rural healthcare in India. Co-founded by Jagdeep Gambhir, Gagandeep, and Manjeet Singh Gambhir in 2014, Karma is already making a substantial impact, offering tech-enabled remote patient monitoring and telemedicine services across 8 states, reaching over 350,000 lives! With this new capital, Karma plans to enhance its tech infrastructure and expand its team, moving towards a patient-centred, value-based care model. Despite some financial challenges in FY23, the company remains committed to expanding its reach and improving healthcare access for underserved rural communities. Exciting times are ahead for Karma Primary Healthcare as they aim to scale to 100 locations by 2027! Read More: https://lnkd.in/g6ededXk #Healthcare #Startups #DigitalHealth #Telemedicine #RuralHealthcare #FundingNews #IndiaStartups #HealthTech #KarmaPrimaryHealthcare
-
kindlife.in Secures $8 Million in Series A Funding! Exciting developments in the beauty and wellness sector! Kindlife.in, the innovative platform co-founded by ShopClues’ Radhika Ghai, has just raised $8 million in its Series A funding round. The round was led by JB-Dooeun TK Fund and MIXI Global Investments, with notable contributions from Kalaari Capital and several angel investors. This significant investment comes after a successful $2.5 million seed round in late 2021. The new capital will enable Kindlife to strengthen its connections between Korea, Japan, and India, enhancing its community-driven approach to beauty and wellness. Leveraging cutting-edge AI technology, Kindlife offers Gen Z consumers personalized skincare and wellness solutions, while also providing exclusive access to trending global beauty brands. With plans to introduce over 20 new Korean and Japanese beauty brands this year, Kindlife is set to capitalize on the growing K-beauty trend fueled by the Hallyu wave. Stay tuned for more updates on how Kindlife is transforming the beauty landscape! Read More: https://lnkd.in/gANMgxXg #Kindlife #SeriesAFunding #BeautyTech #KBeauty #Wellness #StartupNews #Investments #RadhikaGhai #GlobalBeautyTrends #AIInBeauty
-
Cellivate Technologies, a pioneering biotech startup, has secured $1 million in seed funding led by Antler, with participation from Venture Catalysts++ | India's 1st Multi-Stage VC, Hatcher+, and We Founder Circle. Founded by Viknish Krishnan-Kutty, PhD, Cellivate is set to transform cell culture and biomanufacturing with its innovative solutions. Their flagship products include advanced microcarriers for scalable cell growth and a groundbreaking cell-based serum designed to replace fetal bovine serum. With the cell culture market projected to hit $33 billion by 2030, Cellivate's technologies promise to reduce costs, enhance efficiency, and address ethical concerns in the industry. Kudos to the Cellivate team for their remarkable progress and vision for a more sustainable and ethical biomanufacturing future! Read More: https://lnkd.in/g7BUexHF #Biotech #Startups #Funding #CellCulture #Innovation #SustainableBiotech #CellBasedSerum #Microcarriers #R&D #Biomanufacturing
Cellivate Technologies Secures $1 Million in Seed Funding to Revolutionize Cell Culture and Biomanufacturing
http://indianstartuptimes.com
-
Burma Burma Restaurant & Tea Room Secures $2 Million in Latest Funding Round! We are excited to announce that Burma Burma, the popular Burmese vegan restaurant chain, has raised an additional $2 million in equity investment. This latest round saw support from multiple family offices, including Negen Capital, which also led the startup’s previous seed funding round in November 2022. Founded by Ankit Gupta and Chirag Chhajer, Burma Burma is revolutionizing the dining experience with its innovative approach to Burmese cuisine. The company’s vision extends beyond traditional dining, aiming to provide a unique and wholesome experience that engages patrons on various levels. With 13 restaurants and delivery kitchens across key Indian cities including Delhi, Gurugram, Noida, Mumbai, Bengaluru, Hyderabad, Kolkata, and Ahmedabad, Burma Burma is on a rapid expansion path. The brand has doubled its annual recurring revenue from Rs 46 crores in FY23 to over Rs 100 crores in FY24 and is targeting an EBITDA of over 15% by FY25. Stay tuned for more updates as Burma Burma continues to grow and redefine the culinary landscape in India! Read More: https://lnkd.in/g-ZKCYyR #BurmaBurma #FundingNews #RestaurantExpansion #VeganCuisine #BurmeseFood #Investment #Startups #RestaurantIndustry #BusinessGrowth #India
-
Neuron Energy, a Mumbai-based electric vehicle battery manufacturer, has successfully secured Rs 20 crore ($2.4 million) in its Series A funding round! Co-led by Chona Family Office and Capri Global Family Office, this funding will significantly boost Neuron Energy's R&D capabilities and infrastructure. The company plans to set up a cutting-edge R&D lab in Pune and a new manufacturing facility in Delhi, aiming to enhance battery performance and production capacity. Founded in 2018 by Pratik Kamdar, Neuron Energy specializes in lithium-ion and lead-acid smart batteries for electric bikes, rickshaws, and golf carts. Their impressive client list includes names like Komaki, Yc Electric Vehicle, and E-Vishwa. With these new developments, Neuron Energy is set to advance battery technology, focusing on improving battery life, reducing charging times, and developing efficient cooling solutions. The Delhi facility is expected to produce 100 MWh of batteries annually, with a revenue target of Rs 150-200 crore for the current fiscal year. Congratulations to the team at Neuron Energy on this milestone! Read More: https://lnkd.in/gKnR6bDK #NeuronEnergy #EVBatteries #SeriesAFunding #InvestmentNews #BatteryTech #SustainableTransport #Innovation #CleanEnergy #Startups
Neuron Energy Secures Rs 20 Crore in Series A Funding to Accelerate EV Battery Innovation
http://indianstartuptimes.com