Legends League Cricket (LLC), featuring senior cricketers, raised Rs 39 crore from Brickwork, valuing the league at Rs 350 crore. Co-founded in 2021, LLC plans to expand its six-franchise format, with the 2024 season scheduled from September 11 to October 5, featuring 34 matches in India and Qatar.
Mortgage brand LoanKuber, operating Janasha Finance, raised $3.5 million in a pre-Series B round led by TRTL VC and Inflection Point Ventures. The funds will boost its assets under management, enhance tech infrastructure, and strengthen leadership. LoanKuber aims to scale its AUM to Rs 180 crore in 12 months.
SaaS startup Acadru secured $0.5 million in a pre-Series A round led by AIG Direct LLC. The funds will support market expansion and content development. Founded in 2016, Acadru offers a multidisciplinary online learning platform for students, featuring project-based activities and AI-powered profile generation.
Ben & Gaws Private Limited, the company behind manufacturing tech startup Fabrication Bazar, has raised $3 million in a pre-Series A round led by Physis Capital. The funds will be used to enhance its tech platform, expand into GCC and SE Asia markets, and strengthen its leadership team.
Brij Bhushan, co-founder of Magicpin, has joined Prime Venture Partners as a full-time venture partner. He will contribute to the firm’s investment, portfolio management, and fundraising efforts. Bhushan brings extensive experience from his time at Nexus Venture Partners and Magicpin, where he raised over $100 million.
Online lending platform axio (formerly Capital Float) has secured $20 million from Amazon’s Smbhav Venture Fund. The funds will drive growth, scale lending operations, and expand credit products. Axio has reached $1 billion in annualized disbursals and maintains a low NPA ratio of 2-3%.
Ola Electric, recently public, has witnessed a decline in its market share among electric two-wheelers, falling from 49% in Q1 FY25 to 33% in August 2024. Despite the drop, it remains the dominant player, with competitors like TVS and Bajaj gaining ground. Ola’s shares have risen to Rs 128 post-IPO.
Ditto Insurance, founded in 2021, addresses the complexities of purchasing life and health insurance by offering personalized consultations. Backed by Zerodha, the advisory platform has served over 3 lakh customers and holds a 4.9-star rating on Google. To date, Ditto has raised Rs 34 crore ($4 million).
Angel investment platform Inflection Point Ventures (IPV) announced a full exit from ethnic wear brand Fashor, achieving a 33% IRR and 3.75x MoM in 54 months. IPV has invested over Rs 720 crore in 200+ startups and recently launched a $25 million CAT 2 VC fund, Physis Capital.
Equity investment platform InvestorAi has raised Rs 80 crore (approximately $10 million) in a Series A round led by Ashish Kacholia of Lucky Investment Managers. Founded in 2018, InvestorAi plans to use the funds to scale its business and introduce new AI-driven investment products that have consistently outperformed market indices.
