Info Edge, Omnivore invest in Digivriddhi Tech and 14 India deal updates

Bengaluru-based Digivriddhi Technologies Pvt Ltd (DGV), a dairy industry-focused neobanking startup, on Tuesday announced that it has raised $3.1 million in a pre-Series A funding round from Info Edge Ventures and Omnivore.

Founded in 2019 by Ragavan Venkatesan, DGV currently works with Indian cooperative dairy unions and their respective milk cooperative societies and farmers to provide them access to payments, liabilities, and asset products, in partnership with Federal Bank.

“We are delighted to welcome Info Edge Ventures and Omnivore to lead our first institutional round. Info Edge Ventures’ experience in scaling digital marketplaces, and Omnivore’s deep experience in agritech, will allow us to create an unmatched full-service platform for dairy farmers,” said Venkatesan.

“Indian dairy industry is the largest dairy market globally at $145 billion, engaging more than 75 million dairy farmers. Despite the huge size of this industry and its importance to our livelihoods, dairy farmers lack access to basic financial products and services and even struggle to access cash conveniently,” added Kitty Agarwal, Partner, Info Edge Ventures.

INDIA DEAL MONITOR

Here are prominent venture capital transactions in India announced from November 9-11, 2021.

Expand Table

StartupHeadquarterInvestment Size (USD)Investment StageLead Investor(s)Other Investor(s)IndustryVerticals
Digivriddhi Technologies Private LimitedBengaluru3.1 millionPre-Series AInfo Edge Ventures, Omnivore-Financial ServicesDigibank
Bombay Hemp CompanyMumbai2 million-Family offices of Achin Kochar of the Vi-John Group, Riteesh Mohan Bakshi, Raghav Mohan Bakshi-AgribusinessAgTech
Wingreens FarmsGurugram17 millionEquityInvestcorp Omidyar Network IndiaFoodE-commerce
Petpooja Ahemdabad4.5 million-Aroa VenturesGVFL, Udaan, Dr Mayur DesaiSoftwareRestaurant Tech
Vayana NetworkPune38 millionSeries CChiratae Ventures, CDC group, Jungle Ventures, March Capital, Marshall Wace-Financial ServicesFintech
BuyofuelCoimbatore213,333SeedInflection Point Ventures-Renewable EnergyE-commerce
DoolaBengaluru3 million-Nexus Venture PartnersYCombinator, Hustle Fund, XX, Psion Capital, Translink Investment, and other all-star angels, including Jacqueline Reses, Dharmesh Shah, Ankur Nagpal, Rohini Pandhi, Arjun Sethi, Prasanna SankaFinancial ServicesFintech
Bert LabsBengaluru1 million-Katkar Family Office, Kailash Katkar, Sanjay KatkarJeevan PatwaIndustrial MachineryInternet of Things
Nanosniff TechnologiesMumbai--JITO Angel Network-ElectronicsNanotechnology
Knocksense Media ServicesLucknow150,000BridgeWe Founder CircleAppyhigh, Mumbai Angels Network, LetsVentureMediaDigital Media
ElectricPe3 millionSeedBlume Ventures, Micelio FundAnshuman Bapna, Anupam Mittal, Arjun Ravi Sheth, Ashish Goel, Bhuvan Gupta, Jasminder Singh, Khadim Batti, Vara KumarEnergy Storage & BatteriesElectric/Hybrid Vehicles
EyeMyEyeGurugram2.7 millionPre-Series A-Brijesh Agarwal, Raghav Gupta, Baskara RaoRetailE-commerce
ValuationarySurat100,000Pre-SeedAshish Jain, Ajay Surana, Rachit Poddar, Rajesh Gupta, Hetal DesaiMarwari Catalysts VenturesEducation/TrainingEdTech
Coding Invaders by MentorsProPune700,000Pre-SeedS16VC, A Partners-Education/TrainingEdTech
AtmanaBengaluru500,000SeedY Combinator, Goodwater CapitalDhruv Gupta, Austen AllredSoftware-

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.