Startup funding in the penultimate week of April 2024 declined by nearly 27.9% from the same period a year ago, totalling $74 million across 14 deals. However, deal density in the latest week improved to $5.3 million per deal, as per Tracxn data. From April 6 to April 12, 2023, startups had raised about $2.4 million per deal. Funding was down sequentially as well, from $103 million across 15 funding rounds in the previous week. Of the total corpus raised this week, fundraises of...
ClickPost, a logistics intelligence platform for online retailers, has raised $6 million in a funding round led by early-stage venture capital firms Inflexor Ventures partners and Athera Venture Partners. The round also saw participation from Riverwalk Holdings and its existing investor Rebright Partners.ClickPost said the funds will be used for introducing enhanced products and to extend its presence into new geographical areas, as well as further within its existing regions. We've seen some of...
Former Zomato senior executive Mohit Gupta and Myntra founder Mukesh Bansal have raised $26 million in seed money for their omnichannel fashion startup Lyskraft, making it one of the largest early-stage rounds for an Indian startup amid the ongoing funding crunch.The round was led by Peak XV Partners, formerly Sequoia Capital India, Gupta told ET, adding that the seed money will help the partnership take forward the plan of building an omnichannel play as a marketplace for premium brands,...
WASHINGTON (KTVZ) -- Senators Ron Wyden and Jeff Merkley announced this week that 30 Oregon counties will receive more than $47.7 million in federal payments under the Secure Rural Schools and Community Self-Determination Act for schools and road maintenance, youth job training, wildfire prevention, watershed restoration and habitat conservation. These funds, more than $2.56 million of
Pune-based agritech firm Ecozen on Friday said it has raised $30 million (about Rs 250 crore) in a mix of equity and debt from existing investors including US-based global investment manager Nuveen.The debt support in the deal was fulfilled by InCred Credit Fund and U.S. International Development Finance Corporation through Ecozen’s exclusive advisor Setuka Partners, said a company statement.Ecozen said it has grown fivefold over the past two years, with a threefold increase in profit. The maker...
LetsTransport, the truck aggregator startup, has raised $22 million in a funding round led by Bertelsmann India Investments.The round also saw participation from Rebright Partners, NB Ventures, ALES Global, Stride Ventures, CAC Capital and others. The funds will be used for expanding market presence, scale adjacent business verticals and achieve profitability. Significant investments will be made in products for both enterprises and truckers, as well as expanding geographically to different...
The U.S. Department of Transportation’s Federal Transit Administration (FTA) has announced the availability of $316 million to support and modernize passenger ferry services across the country. The funding, part of
Supporters hope its on the special session call.
GA Drilling has secured EUR 15 million in investment to accelerate technology deployment to deliver deep geothermal faster and more cost-effective.
Multi-gaming platform Circle of Games (COG) has raised $1 million in equity funding from strategic investors Nazara Technologies FZ LLC and Swiss-based The Hashgraph Association.Nazara is India’s largest and only listed gaming company with presence across eSports, sports media, gaming studios and adtech. The company recently pledged $100 million to invest in successful and innovative brands and IPs with cutting-edge technology in the web3, virtual reality, and AI space.COG intends to use this...
An endowment of $1.05 million will fund the Diana Bennett Career Development Program for Women’s Sports, according to a Wednesday news release from the UNLV Athletics Department.
[caption id="attachment_3584430" align="alignnone" width="900"] David Beckham and Mark Wahlberg[/caption] David Beckham’s DB Ventures company filed a lawsuit against F45 Training, which Mark Wahlberg partially owns, Us Weekly can confirm. Beckham, 48, claimed in the court documents obtained by TMZ that F45 “duped” him into signing an endorsement deal. The soccer star’s company first filed the complaint in May 2023. Beckham had initially agreed to serve as F45’s global ambassador in August...