🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
Eight Roads-backed PlasmaGen Biosciences nets $27 mn in fresh funding
VCCircle
·
1y ago
Medial
Bengaluru-based biopharmaceutical company PlasmaGen Biosciences has raised $27 million in funding from investors including Artian Investments, Ashish Kacholia, and existing investors Eight Roads Ventures and F-Prime Capital. The funds will be used to expand internationally, develop products, and support working capital requirements. PlasmaGen sells blood plasma-derived pharmaceutical products, such as albumin and immunoglobulins, in India and other emerging markets. The company recently inaugurated a manufacturing facility in Bengaluru with the capacity to process 500,000 liters of plasma annually.
View Source
Related News
Eight Roads Ventures, F-Prime investing $14 mn in Laurus Labs unit
VCCircle
·
8m ago
Medial
Indian pharmaceutical company Laurus Labs is securing equity funding of INR 120 crore ($14.2 million) from global venture capital firm Eight Roads Ventures and F-Prime Capital for its biotech unit, Laurus Bio. Laurus Labs will also invest an additional INR 40 crore in the unit. The investment will support Laurus Bio's expansion of fermentation-based manufacturing capabilities and drive growth opportunities in manufacturing and R&D infrastructure. Following the transaction, Laurus Labs, Eight Roads Ventures, and the promoters of Laurus Bio will hold stakes of 75%, 14%, and 9%, respectively. Laurus Labs entered the biotech sector in 2020 through acquiring a majority stake in Richcore Lifesciences, later renamed Laurus Bio.
View Source
Everstage Snags $30 Mn To Automate Sales Commission Processes
Inc42
·
9m ago
Medial
Everstage, a commission management platform for enterprises, has raised funding in a round led by Eight Roads Ventures. Existing investors Elevation Capital and 3one4 Capital also participated. The funds will be used for product innovation and enhancing customer services. Everstage's platform helps businesses track their commission earnings. The company was founded in 2020.
View Source
Infinity Fincorp Nets Additional $8Mn For MSME Credit Accessibility
Inc42
·
1y ago
Medial
Mumbai-based non-banking financial company (NBFC) Infinity Fincorp Solutions has raised an additional $8m in funding from Archerman Capital. This brings the total raised in the funding round to $34m. Infinity plans to use the fresh funds to increase credit accessibility for micro-entrepreneurs and small businesses in Tier III and IV cities across India. The company currently operates 88 branches across eight states and has a total loan book of INR800 crore ($100m) across more than 20,000 customers.
View Source
Fraud Detection Startup IDfy Nets $27 Mn For Expansion
Inc42
·
1y ago
Medial
IDfy, an online fraud detection platform, has secured $27 million in a Series E funding round led by Elev8, with participation from KB Investment and Tenacity Ventures. IDfy provides background verification services and helps businesses eliminate fraud using AI-driven predictive analytics. The platform claims to have served over 1,500 clients across various sectors and conducts over 2 million verifications per day. The funding will be used to support the company's expansion plans and product development efforts.
View Source
Exponent gets $26 mn to push adoption
The Arc Web
·
1y ago
Medial
Exponent Energy, a developer of rapid EV charging solutions, has secured $26.4 million in a funding round led by Eight Roads Ventures. The funding will be used to increase adoption of its fast-charging battery packs, which are currently compatible with electric three-wheelers made by Altigreen. Exponent also plans to expand its network of charging stations and establish a new manufacturing plant. The startup aims to persuade more OEMs to adopt its batteries and attract backers for charging infrastructure.
View Source
Shadowfax Raises $100 Mn To Expand Its Last Mile Delivery Services
Inc42
·
1y ago
Medial
Logistics services startup Shadowfax has raised $100 million in Series E funding led by TPG NewQuest, with participation from existing investors including Flipkart, International Finance Corporation, and Qualcomm. This funding round also allowed Eight Roads Ventures, an early investor in the company, to partially exit. Shadowfax plans to use the capital to strengthen its middle-mile network and expand its last-mile delivery services. The startup, founded in 2015, operates across 15,000 pin codes in India and processes 1.5 million orders per day.
View Source
SolarSquare Nets $4.2 Mn To Scale Up Its Solar Tech Portfolio
Inc42
·
1y ago
Medial
Indian solar solutions startup SolarSquare has secured $4.2 million in fresh funding from investors including Zerodha Technology, Gruhas Proptech, Lowercarbon Capital, and Good Capital. The funds will be used for expansion, working capital, and general corporate purposes. The startup offers full-stack solutions for designing, installing, and financing rooftop solar systems. Despite an increase in net losses from INR 8 crore to INR 30 crore, SolarSquare saw its revenue surge from INR 81 crore to INR 107 crore in FY23. The company has now raised a total of $16.05 million in funding.
View Source
Swiggy Instamart Architect Karthik Gurumurthy’s Venture Nets $3 Mn Led By Matrix Partners India
Inc42
·
1y ago
Medial
Karthik Gurumurthy, the former senior vice president of Swiggy and the architect behind Swiggy Instamart, has reportedly secured $3 million in funding for his new offline retail venture called Convenio. The funding round is led by Matrix Partners India and angel investors. Convenio aims to provide good quality fresh produce at affordable prices and will operate in the offline space, mirroring Swiggy's business model. Gurumurthy's departure from Swiggy was announced in November last year.
View Source
Wood-Pressed Oils Maker Indic Wisdom Nets $2 Mn From Rockstud Capital
Inc42
·
8m ago
Medial
Indic Wisdom, a Mumbai-based company, plans to expand its manufacturing unit and enter the quick commerce market after securing fresh capital. The Indian cold processed and wood oil market is expected to grow at a rate of 5.94% from 2024 to 2032, reaching a value of approximately INR 1,151 crore ($136.6 million). Earlier this year, the company raised INR 4 crore ($532,000) in funding led by Inflection Point Ventures and other investors.
View Source
Eight Roads scores another multibagger partial exit
VCCircle
·
10m ago
Medial
Eight Roads Ventures, a global venture capital firm, recently achieved a partial exit from a startup that it had invested in five years ago. This success follows the firm's previous successful investment in Shadowfax earlier this year. As a venture capital firm focused on technology and healthcare investments worldwide, Eight Roads Ventures has a history of identifying promising opportunities and generating significant returns.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in
