Additional support came from investors like Harsh Shah of Naman Group Family Office, Akash Hiren Zaveri, founder of Plix, and Vedang Patel, founder of The Souled Store
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The latest change in the US administration will bring on new opportunities as well as challenges for Indian startups and VC investments
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AppsForBharat’s recent funding round, which included participation from new and existing investors such as Fundamentum, Susquehanna Asia VC, Elevation Capital, Peak XV and Mirae Asset VC, reinforces the company’s strong growth trajectory
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With key investors Inflection Point Ventures and Spectrum Impact (Aarti Industries Family Office) this fund will accelerate electric heavy-duty truck deployment and establish charging infrastructure for sustainable logistics across India
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With the UPI statement download, users can access detailed transaction records, including transaction amounts, recipient details, bank accounts used, and timestamps, all in a clear, user-friendly format
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The fund achieved the first close last month for around 80 per cent of the target corpus. The final close of the fund is expected by the end of the month
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Investment round led by Pavestone and Athera Venture Partners (formerly Inventus India) while existing investors Speciale Invest, Infoedge (Redstart) and others also participated in this round
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This funding round also saw participation from existing investors, including Xponentia Capital, Finsight Ventures, Harbourfront Capital, and Pegasus India Evolving Opportunities Fund
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Earlier this year, in a secondary transaction, the company reportedly raised USD 200 million from Singapore's state-owned investment firm Temasek and Fidelity, valuing Lenskart at approximately USD 5 billion
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Over half of this anchor investment has been allotted to domestic investors, with participation from major names like BlackRock, Fidelity, Nomura, BNP Paribas, and Allianz Global, among 75 other domestic and international backers
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