25/08/2022
Summary
- Data privacy startup Privado has received $14 million in a Series A round of funding.
- Menswear brand XYXX has received ₹90 crore in its Series B round of funding.
- nurture.farm has introduced “Catalyst” to offer pre-revenue, seed-funded, and angel-funded agritech companies with technological, networking, and infrastructure help.
Privado gets $14M in Series A round
Data privacy startup Privado has received $14 million in a Series A round of funding.
The round was co-led by Insight Partners, a New York-based fund, and VC-firm Sequoia Capital India. Other investors who participated in the round included Together Fund and Emergent Ventures.
In January this year, the company had raised $3.5 million in a seed round.
The fresh funding will be used to expand the team, improve Privado’s technology stack, and foster its open-source community.
Pepperfry buys commercial interior solutions firm Brandmakerr
Pepperfry has acquired the commercial interior solutions provider Brandmakerr for an undisclosed amount.
As per the agreement, Rahul Kapuria, the founder of Brandmakerr, will join the furniture marketplace Pepperfry as a vice-president of the company.
The deal will help Pepperfry to enter the retail, banking, and HORECA (hotel, restaurant, and café) sectors for commercial fit-out projects.
Brandmakerr is a provider of business interior solutions. The company was founded by Kapuria in 2014. With clients including Amazon, Hamleys, Tata Starbucks, Domino’s, KFC, Pizza Hut, Max, Raymonds, and Shoppers Stop among others, it has completed projects in 21 Indian cities.
Delhi police busts fake e-commerce website racket
The Intelligence Fusion & Strategic Operations (IFSO) division of the Special Cell of the Delhi Police has dismantled a pan-Indian scam in which victims have defrauded Rs 60 lakh via fake e-commerce websites. Dinesh Sharma, 39, and Ravi Arora, 31 years old, both stand accused.
The suspects confessed during questioning that they would build and host bogus e-commerce websites for well-known brands. The buyer would discover that the cost of appliances and electronics was less expensive than on well-known e-commerce sites. The victims would buy the goods, but they would never receive them.
Menswear brand XYXX gets Rs90Cr funding
Menswear brand XYXX has received ₹90 crore in its Series B round of funding.
The latest round was led by Singularity Opportunities Growth Fund. The company also got Rs15 crore in venture debt from Trifecta Capital.
As part of the deal, Yash Kela, founder of Singularity Opportunities Growth Fund, will join the company’s board.
Existing investors like Sauce Venture Capital and DSG Consumer Partners also participated in the round.
“We are on track to become operationally profitable by the end of the financial year. We witnessed 300% year-on-year growth during FY22. We are happy to have Singularity Opportunities Growth Fund as partners in our next phase as we foray into newer markets and categories in the coming months,” Yogesh Kabra, founder of XYXX said.
Google unveils cyber security upskilling program
Google India has unveiled a mission to upgrade the skills of cyber security researchers and developers in the nation. The campaign will be a part of the business’s Cyber Security Roadshow, which will travel to several Indian towns and provide resources, lessons, and mentorship on security standards for developing both consumer and enterprise programmes.
The upskilling programme will cover two major programme areas, Android and Google Cloud, and will be aimed at 1 lakh engineers in India. The Google Cloud upskilling programme will focus on commercial developers and security administrators, while the Android upskilling programme will serve developers creating apps for consumer use.
Awign raises Rs 120Cr co-led by Bertelsmann, Amicus
Awign, an enterprise gig startup, has received Rs 120 crore in funding co-led by Bertelsmann India Investments and Amicus Capital Partners.
Other investors like Mynavi Corporation and existing investors such as Unitus Ventures, and the Michael & Susan Dell Foundation (MSDF) also took part in the round.
The money will be used to boost the product and technology teams as well as to develop digital services in the US and Middle East markets.
TheMathCompany hires Peeyush Dubey as chief marketing & strategy officer
TheMathCompany has roped in Peeyush Dubey as its chief marketing & strategy officer.
Dubey was the EVP and chief marketing officer at Larsen & Toubro Infotech before joining TheMathCompany.
In his new role at TheMathCompany, he will help increase its brand awareness globally, especially in North America, Europe, and India.
Previously, Dubey has worked with companies like Infosys, Mindtree, iGate (now Capgemini), and IDS Next.
nuture.farm starts incubation program for agritech startups
nurture.farm has introduced “Catalyst” to offer pre-revenue, seed-funded, and angel-funded agritech companies with technological, networking, and infrastructure help.
Based on its rural networks, the company will assist the startups in collaborating with key players in the agricultural ecosystem, testing their goods and services at scale to determine product-market fit, and gaining access to funding, expertise, and human resources.