Dharana Capital, an offshoot of Vy Capital, purchased $50 million in secondary shares from Urban Company employees, early investors, and founders as part of a $63 million secondary round. Following the transaction, Dharana’s founder Vamsi Duvvuri will join Urban Company’s board. Urban Company operates in 62 cities and has a network of over 55,000 service professionals.
Openplay Technologies and Halaplay Technologies, subsidiaries of Nazara Technologies, received GST notices to pay Rs 1,120 crore in retrospective taxes for FY18-FY23. Openplay owes Rs 845.72 crore, while Halaplay owes Rs 274.21 crore. The liabilities relate to GST on player sums pooled, not gross gaming revenues. Both subsidiaries are consulting legal and tax advisors.
NBFC Seeds Fincap raised over $8.5 million in Series A funding led by Lok Capital and Matrix Partners India (now Z47). The funds will expand lending capabilities, enhance technology, and increase branch footprint. Founded in 2021, Seeds Fincap provides tailored credit products to MSMEs and has disbursed over Rs 600 crore in loans.
Watertech startup Boon raised $5 million in Series A funding, led by Roca Group Ventures. This funding will scale Boon’s AI-enabled WaterIo platform. Co-founded by Vibha Tripathy and Advait Kumar, Boon uses AI for predictive filter maintenance, offering sustainable water purification solutions. Boon previously secured $1.6 million in February 2021.
Healthcare startup Icanheal secured Rs 15 crore in seed funding from IvyCap Ventures. The funds will enhance operations, hire staff, invest in technology, and expand geographically. Founded by Girish Poddar and Amit Backliwal, Icanheal provides customized healthcare financing solutions to improve patient access to advanced medical treatments.
Corvi LED secured $8 million in a growth capital round led by Enam Investments. This funding will help the Mumbai-based company expand geographically, diversify products, and enhance technology. Founded in 2012, Corvi offers over 100 products and holds 100+ patents. Despite a revenue dip in FY23, the firm aims to strengthen its B2C and B2B market presence.
Corvi LED secured $8 million in a growth capital round led by Enam Investments. This funding will help the Mumbai-based company expand geographically, diversify products, and enhance technology. Founded in 2012, Corvi offers over 100 products and holds 100+ patents. Despite a revenue dip in FY23, the firm aims to strengthen its B2C and B2B market presence.
INBOUND is HubSpot’s dynamic three-day conference dedicated to the latest trends and tactics in marketing, sales, and AI. With inspiring keynotes, educational breakouts, HubSpot product announcements and demos, hands-on workshops, along with unique networking and entertainment experiences, it’s a can’t-miss event for anyone looking to elevate their personal growth.
Event Url : www.inbound.com/
Strong Social, hosted by Strong Interactive, is a bi-monthly networking event at Bungalow By The Sea, Cadillac Hotel, Miami Beach. Held on the first Thursday of every month, it attracts professionals from technology, finance, fashion, law, and real estate. The event fosters professional growth and collaboration, offering industry-focused discussions and valuable connections in a relaxed, beachside setting.
Berkeley, CA-based Jacobi Robotics specializing in AI-powered motion planning technology, has raised $5M in Seed funding led by Moxxie Ventures. The funds will support operational expansion and development efforts. Founded by CEO Max Cao. Jacobi aims to enhance robotics programming and performance for real-world production across various sectors.
