Logistics Startup Pando Raises USD 9 Mn From Chiratae, Next47, Others

Bengaluru-based logistics and supply chain startup Pando has raised USD 9 Mn (INR 63.8 Cr) in funding led by Chiratae Ventures alongside existing investor Nexus Venture Partners. The round also witnessed participation from Siemens’ backed Next47, the venture capital firm’s first direct investment in India.

Source: INC42



NeoBank Epifi Bags USD 13.2 Mn In Seed Round At USD 50 Mn Valuation

Bengaluru-based neobank Epifi has raised USD 13.2 Mn in a seed funding round led by venture capital firms like Sequoia Capital, Ribbit Capital, and Hillhouse Capital. Within eight months of its launch, Epifi is valued at USD 50 Mn.

Source: INC42


Fitness and Others

FitPhilia, Sabse Sasta Dukaan, GoFloat Raise INR 3.5 Cr At Pune ‘Shark Tank’ Pitch

At the ‘Shark Tank’ event organized by Mumbai-based Jain International Trade Organisation (JITO) Angel Network, on Sunday (January 12), three startups — FitPhilia, Sabse Sasta Dukaan, and GoFloat have raised INR 3.5 Cr from various investors and early-stage venture capitalists.

Source: INC42



HaikuJAM Looks To Innovate Search Tool With Lightbox’s Funding

Mumbai-based venture capital firm Lightbox has led a USD 3.4 Mn (INR 24 Cr) funding round in social writing game HaikuJAM that allows people to make friends while writing together.

Source: INC42



Sprout Ventures, LetsVenture Invests in Ayurvedic Brand Aadar

Mumbai-based Ayurveda wellness and lifestyle consumer brand Aadar has raised an undisclosed seed funding in a round led by Sprout Venture Partners and few angel investors from LetsVenture.

Source: INC42



Ankur Capital Makes First Close Of New Fund At INR 240 Crore

Early-stage VC firm Ankur Capital has made the first close of its second fund at INR 240 crore, with the investor bringing on board British development finance institution CDC as an anchor investor in its latest vehicle.