Startup news and updates: daily roundup (Aug 25, 2021)

YourStory presents this daily roundup of the latest startup news and updates from the Indian startup ecosystem and beyond. Here's the roundup for Wednesday, August 25, 2021.
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Curefoods raises $13M from Iron Pillar, Nordstar, and Binny Bansal (Funding)

Curefoods, the spin off foodtech brand founded by Ankit Nagori in 2020, which operates brands like Eatfit, Yumlane, Aligarh House Biryani, and Masalabox, has raised $13 million funding led by Iron Pillar, Nordstar, and Binny Bansal. Leading angels Adil Allana, Rashmi Kwatra, Lydia Jett, and Kunal Shah also participated in the round, according to a statement.

Prime Venture Partners announces Fund IV of $100M, with a first close of $75M

Investment firm Prime Venture Partnershas announced the close of its Fund IV of $100 million, with a first close of $75 million (Rs 556 crore). Prime Venture Partners had raised $72 million in 2018, a second fund of $46 million in 2015, and a $8 million first fund in 2012. Shripati Acharya, Managing Partner, Prime Venture Partners, said in a conversation with YourStory that the team would continue focusing on being the first institutional investor.

Agritech robotics startup TartanSense raises $5M in Series A from FMC, Omnivore, Blume Ventures (Funding)

Agritech robotics startup TartanSense has announced it has raised $5 million in Series A funding. The round was led by FMC Ventures and Omnivore, with participation from existing investor Blume VenturesWith this round, the total funds raised by TartanSense adds to $ 7million. TartanSense builds small agricultural robots, equipped with AI-assisted computer vision, to help small farms reduce their expenditures and improve their incomes.

Delhivery acquires Bengaluru-based Spoton Logistics

Gurugram-based Delhivery has announced that it has acquired Bengaluru-based Spoton Logistics for an undisclosed amount to strengthen Delhivery's existing B2B capabilities.

Spoton Logistics started its journey in 2012 when a private equity firm 'India Equity Partners' bought the domestic business from TNT India. In 2018, Samara Capital and Xponentia acquired Spoton from IEP, and now with Delhivery's acquisition, Samara and Xponentia are making a full exit for cash.

D2C fashion brand Bewakoof raises Rs 60 Cr led by InvestCorp (Funding)

D2C fashion brand Bewakoof has raised Rs 60 crore in its latest round led by InvestCorp. IvyCap Ventures and Spring Marketing Capital also participated in the round. So far, the startup has raised Rs 170 crore, including this round.

Launched in 2012 by Prabhkiran Singh, Bewakoof is a fashion brand built on social media, with content marketing being a key growth strategy. It is planning to accelerate its growth trajectory by investing in marketing, branding, technology, and talent acquisition.

On-demand supply chain startup Kirana247 raises $1M in pre-Series A round (Funding)

Delhi-based on-demand supply chain startup Kirana247 announced that it has raised $1 million in its run-up to pre-Series A round, which is expected later this month, as it expands its physical infrastructure, brand partnerships, customer network, and invests in enhancing its supply chain technology and talent pool.

The round saw participation from a large financial institution and serial entrepreneurs. 

Winvesta raises seed round from Speciale Invest, Blume Founders Fund, Kunal Shah

Financial services startup Winvesta on Wednesday said it has raised funds as part of its seed round from Speciale Invest, Blume Founders Fund and CRED's Kunal Shah.

The company, however, did not disclose the amount raised.

The fresh funding will help the startup to scale its operations including hiring fresh talent to build a world-class team as well as bolstering technology, Winvesta said in a statement.


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Edited by Anju Narayanan