BEx Shorts

India Court Denies Appeals of Flipkart and Amazon
Short by BEx Bureau / BusinessEx /July 23, 2021

An Indian court rejected appeals made by Flipkart and Amazon.com to avert an antitrust inspection after CCI ordered an inquiry. The inquiry was demanded under allegations from retailers that foreign e-commerce players escalated some sellers on the platforms and employed practices to suppress competition.

read more at https://www.reuters.com/
NirogStreet Secures $2.5 Million in Series A Round
Short by BEx Bureau / BusinessEx /July 23, 2021

NirogStreet has secured $2.5 million in Series A round. A cohort of investors viz. Pureland Venture, Gokul Rajaram of DoorDash, and Wavemaker Partners infused in the round. Other investors that participated in the round are Anuj Srivastava, Raj Mishra of Indea Capital, Sanjeev Shriya of Smart Chip, among others.

read more at https://economictimes.indiatimes.com/
Outplay Secures $7.3 Million in Series A Funding Round
Short by BEx Bureau / BusinessEx /July 22, 2021

Outplay has secured $7.3 million in Series A round. The company is aiming at riding the tailwind of digitisation of outbound sales owing to the epidemic. It facilitates in automating, and personalizes sales calls as well as brings conversations from various channels. Its revenue has plummeted by four times.

read more at https://economictimes.indiatimes.com/
Dozee Secures INR 44 Crore in Series A Round
Short by BEx Bureau / BusinessEx /July 22, 2021

Dozee has secured INR 44 crore in a Series A round. Prime Venture Partners led the round along with 3one4 Capital and YourNest Venture Capital. Fresh capital will be employed to increase R&D and launch new products, amid other things. The company has raised INR 63 crore to date.

read more at https://economictimes.indiatimes.com/
BlackBuck Raises $67 Million from Investors
Short by BEx Bureau / BusinessEx /July 22, 2021

BlackBuck has raised $67 million in a new funding round. Tribe Capital, IFC Emerging Asia Fund and VEF led the round. After the funding, the company is valued more than $1 billion. Existing investors, Wellington Management, International Finance Corporation and Sands Capital participated in the round.

read more at https://economictimes.indiatimes.com/
Vegrow Secures INR 97 Crore in Series A Round
Short by BEx Bureau / BusinessEx /July 20, 2021

Vegrow has secured INR 97 crore in its Series A financing round. Lightspeed Venture Partners and Elevation Capital together led the company’s round. Matrix Partners India, Titan Capital, Ankur Capital, and Better Capital took part in the round. Fresh capital will be employed for business expansion and launch new products.

read more at https://www.vccircle.com/
GlobalBees Collects $150 Million in Series A Round
Short by BEx Bureau / BusinessEx /July 20, 2021

GlobalBees has collected $150 million in a blend of equity and debt in its Series A round. FirstCry, Lightspeed Venture Partners and other investors led the company’s financing round. According to the business deal, Vikas Agnihotri, Harsha Kumar, Atul Gupta, Sudhir Sethi, and Kshitij will join the company’s board.

read more at https://economictimes.indiatimes.com/
Eka.Care Secures $4.5 Million in the Round
Short by BEx Bureau / BusinessEx /July 20, 2021

Eka.Care has secured $4.5 million in the latest round. 3one4Capital, Eximius Ventures, Speciale Invest and many other angel investors participated in the company’s funding round. Fresh capital will employ money to create its team, marketing, product enhancement and facilitate physicians in building up their digital clinics.

read more at https://economictimes.indiatimes.com/
Light Microfinance Bags INR 75 Crore in Series A Round
Short by BEx Bureau / BusinessEx /July 19, 2021

Light Microfinance has bagged INR 75 crore in Series A round. Impact investors, Nordic Microfinance Initiative, Incofin and Triple Jump infused money in the round. It is counted to be the first infusion of Triple Jump in India. The three investors aim at making social impacts beyond financial profits.

read more at https://www.vccircle.com/
Proxgy Bags $250,000 in Pre-seed Round
Short by BEx Bureau / BusinessEx /July 19, 2021

Proxgy has secured $250,000 in a pre-seed round. Lexical Systems and a cohort of angel investors, including Michael Dias and Associates, Suramya Choudhary and Inderjit Singh Makkar led the round. The company helps users to travel, research, shop,view the realty sector and visit any location via virtual reality.

read more at https://economictimes.indiatimes.com/

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