Alpha Wave Global

ADIA invests $500 million in Lenskart

Lenskart has signed a definitive agreement to raise $500 million from the Abu Dhabi Investment Authority, they said Wednesday, at the height of the market slump as the Indian eyewear retailer bulks up

Indian esports fantasy startup FanClash raises $40 million

Millions of Indians each year assemble virtual sports teams, placing their hopes on the players they pick to perform exceedingly well in real-world matches. If the predictions are right, users make mo

DealHub secures $60M for sales tools to configure, price and quote

Configure, price and quote software, also known as CPQ software, is designed to help sellers quote complex and configurable products, like heavy trucks with different types of chassis and engines. Dem

India’s CRED valued at $6.4 billion in new funding

CRED is raising $140 million in a new financing round, its fourth funding in the past year and a half, as the Indian fintech startup courts millions of high credit score customers and broadens its off

1K Kirana raises $25 million for its hyperlocal shopping and distribution platform

1K Kirana, an Indian startup that operates an eponymous hyperlocal shopping app and retail distribution network, has raised $25 million in a new financing round as it attempts to help brands and neigh

India’s Cars24 cuts 600 jobs

Cars24, a marketplace for used cars, has laid off about 600 people just five months after closing a $400 million financing round, the latest Indian unicorn to cut its workforce as it attempts to steer

Revise raises $3.5 million to build rails for programming NFTs

A popular criticism of NFTs is that they are just static JPEG files. Technically, they are not, of course. They are pieces of code on a blockchain, which means they can be programmed to have various q

Neobank Fi finalizing funding at $700 million valuation

Indian neobank Fi is in advanced stages of talks to raise about $100 million at a $700 million valuation, according to three sources familiar with the matter. Alpha Wave Global, formerly known as Falc

India’s Classplus raises $70 million to help teachers and creators expand their reach

At a time when so many edtech firms in India are attempting to cut their reliance on teachers, a Noida-based startup that is helping teachers and creators operate, manage and sell courses to students

Ola to acquire fintech Avail Finance

Ola said on Thursday evening it has reached an agreement to acquire Avail Finance, a financial services startup that serves the blue-collar workforce, as the ride-hailing giant looks to expand its fin

Indian social commerce DealShare bags $45 million from ADIA, eyes international expansion

Abu Dhabi Investment Authority is backing the Indian social commerce startup DealShare, the two said Thursday, joining a roster of marquee investors doubling down on India’s fast-growing e-commerce

India’s Moglix valued at $2.6 billion in $250 million funding

Moglix has more than doubled its valuation to about $2.6 billion from $1 billion just eight months ago as the Indian industrial business-to-business marketplace aggressively scales its offerings in ma

Athletic Greens valued at $1.2B after bagging $115M to expand nutrition drink footprint

The product combines over eight nutritional products into one, including multivitamins, probiotics and immune support and is approaching its 53rd iteration later this year.

Record number of unicorns and IPOs: Indian startups raised $39B in 2021

In late March last year, as the virus started to spread across India, investors began to worry about the impact a potential pandemic could have on their portfolio firms. They exchanged notes, and on A