Logistics

BlackBuck Bags INR 56 Cr From Trifecta In Mixed Round Of Debt And Equity

Bengaluru-headquartered logistics startup BlackBuck has raised INR 56 Cr in a mixed round of equity and debt funding from Trifecta Venture. According to the latest company’s Registrar of Companies filings with the Ministry of Corporate Affairs (MCA), the BlackBuck board has approved allotment of 322 Series D CCPS equity shares and 500 series A non-convertible debentures by private placement to Trifecta, according to an entrackr report.

https://inc42.com/buzz/funding-blackbuck-bags-inr-56-cr-from-trifecta-in-mixed-round-of-debt-and-equity-funding/

 

Supply Chain Management

BlackSoil Invests USD 2.8 Mn In Holisol To Support Expansion Plans

Delhi-based supply chain management startup Holisol has reportedly raised INR 20 Cr (USD 2.8 Mn) in an asset financing round. The company has said that Mumbai-based non-banking financial company BlackSoil Capital Pvt. Ltd invested in the round.

https://inc42.com/buzz/blacksoil-invests-2-8-mn-in-holisol-to-support-expansion-plans/

 

Consumer Electronics

Apple’s Key Supplier Salcomp Buys Nokia’s India Factory For USD 30 Mn

Salcomp, the Finnish company, which is one of the key suppliers of chargers for Apple, has recently purchased an abandoned factory for USD 30 Mn (INR 215 Cr) that was once owned by Nokia.

https://inc42.com/buzz/apples-key-supplier-salcomp-buys-nokias-india-factory-for-30-mn/

 

FinTech

T-Hub Aims To Boost Fintech Startups With New Accelerator Programme

Telangana government-backed T-Hub, in collaboration with the Department of Science and Technology (DST) and National Payments Corporation of India (NPCI), has launched Fintech Accelerator Programme for startups working in the digital payments sector.

https://inc42.com/buzz/t-hub-aims-to-boost-fintech-startups-with-new-accelerator-programme/

 

Automotive

India Quotient, First Cheque Take Part In Seed Round In Vehicle Maintenance Startup FirstU

FirstU, a startup providing a subscription-based service for vehicle maintenance, has raised an undisclosed amount of money in a seed funding round from a clutch of investors, including early-stage investors India Quotient and First Cheque.

https://www.vccircle.com/india-quotient-firstcheque-take-part-in-seed-round-in-vehicle-maintenance-startup-firstu

 

Enterprise Tech

Enterprise-Tech Startup Tookitaki Closes Series A Funding Round At USD 19.2 Mn

Tookitaki, a software-as-a-service (SaaS) firm which develops artificial intelligence-based sustainable compliance solutions for financial institutions, has closed its Series A funding round, raising USD 19.2 million (approximately INR 137.43 crore at current exchange rates).

https://www.vccircle.com/enterprise-tech-startup-tookitaki-closes-series-a-funding-round-at-19-2-mn