Nazara Technologies Funding, Kaleidofin Growth and More in India's Startup Landscape
Nazara Technologies Raises ₹900 Crores
Nazara Technologies, a major player in the Indian gaming industry, has successfully raised ₹900 crores. Mithun Sacheti from Caratlane has invested about ₹150 crores, alongside other notable investors like Think Investments and Discovery Investments. Recently, Nazara acquired a significant 19.35% stake in Absolute Sports, the parent firm of Sportskeeda, enhancing its interests in the gaming sector.
Kaleidofin's $13.8 Million Funding Round
Kaleidofin has raised $13.8 million, primarily financed by Rabo Partnerships along with existing backers like the Michael & Susan Dell Foundation. The fresh capital aims to boost Kaleidofin’s lending portfolio while enhancing its risk infrastructure for underserved sectors. This initiative is gearing towards better product design and risk-based pricing efforts.
DailyObjects Series B Fundraising
DailyObjects, known for its D2C design and lifestyle products, has secured $10 million in a Series B round led by 360 ONE Asset. This investment will amplify its distribution, product innovation, and manufacturing capabilities, highlighting the brand's aspiration towards offline expansion.
Funding for Schmooze and Livspace
Schmooze, an AI-powered meme-dating app, collected $4 million from Elevation Capital, aiming to enhance its user acquisition and AI capabilities. Meanwhile, Livspace reported a ₹247 crore EBITDA loss but achieved a 21% year-on-year revenue growth, emphasizing its expansion in international markets.
AltiusHub and Bluecopa Backing
AltiusHub, a platform focused on manufacturing supply chain visibility, raised $2.25 million from Endiya Partners. Similarly, Bluecopa secured $1.8 million in Pre-Series A funding to optimize its AI-driven Finance Operations.
Madhuri Dixit's Investment in Swiggy
Notable actress Madhuri Dixit has purchased shares in Swiggy ahead of its IPO, marking a significant move in her investment journey.
Amazon's New Leadership
Samir Kumar has been promoted to Country Manager for Amazon India, adding to his extensive responsibilities across several regions.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.