Bangalore
2025-02-11
The Bengaluru-based digital payments infrastructure company has secured funding from Iron Pillar, ValueQuest Scale Fund and others. Strengthened by the fresh funds, ToneTag aims to scale operations in India and globally.
Bangalore
2023-04-06
Curefoods, a cloud kitchen startup, said it has closed a funding round of about Rs 300 crore led by Flipkart founder Binny Bansal’s Three State Ventures. It includes primary and secondary investments in the Bengaluru-based firm, which is run by former Flipkart executive Ankit Nagori.
Bangalore/Mumbai/Dubai/Palo Alto
2023-04-05
Venture capital investor, Iron Pillar, which has backed the likes of FreshToHome, Uniphore, Servify, and Curefoods, has closed its $129 million fund that will be focused on making investments in global cloud software companies from India.
Bangalore
2023-02-21
Meat delivery startup FreshToHome recently raised $104 Mn in funding that was led by Amazon's Sambhav Venture Fund. On #StartUpCentral Avanne Dubash spoke with Shan Kadavil CEO & Co-founder, FreshToHome to understand what the company plans to do with the new money. Kadavil, also shares that they are preparing to go public in the next 2 to 3 years. Tune in for more!
Bangalore
2023-02-21
Amazon, through its India-focused Smbhav Venture Fund, has led a $104 million Series D financing round in the Bengaluru-headquartered startup. The new round for the startup, which also counts the development arm of the American government among its backers, also saw participation from the government of Dubai and Iron Pillar.
Palo Alto
2023-02-16
Ushur announced that it raised $50 million in a Series C round led by Third Point Ventures with participation from investors Iron Pillar, 8VC, Aflac Ventures and Pentland Ventures. Bringing the startup’s total raised to $92 million, the funds will be put toward expanding Ushur’s product portfolio, developing new AI innovations and moving into new regions and industry verticals.
Palo Alto
2023-02-16
Artificial intelligence-backed automation firm Ushur on Tuesday said it has raised $50 million (around Rs 413.3 crore) in its Series C funding round co-led by Third Point Ventures and Iron Pillar.
Mumbai
2022-08-24
Servify, a startup that manages the lifecycle of devices for several popular smartphone vendors including Apple and Samsung in many markets, has raised $65 million as it eyes becoming a public company in two years.
Bangalore/Mumbai
2022-07-04
Leading investment company, Iron Pillar, which backs tech startups in India, is reportedly raising nearly $400 million to further help boost the country's startup ecosystem.
Bangalore/Mumbai
2022-06-20
Even as macroeconomic headwinds are threatning to derail the deal-making momentum in the short-to-medium term in India, limited partners (LPs), who invest in private equity (PE) and venture capital (VC) funds, are not necessarily worried.
Bangalore/Mumbai
2022-05-30
There were 14 Indian unicorns anointed in the first three months of 2022. And then none in April, and May managed to throw up one, according to the unicorn tracker by Venture Intelligence, a data insights company that tracks the Indian startup ecosystem.
Delhi
2022-04-18
India has created 130 unicorns so far, generating a total value of $535 billion. But, many are choosing to base themselves in the U.S., shows a report by venture growth investor Iron Pillar.
Mumbai
2022-04-14
Uniphore Technologies Inc, a conversational automation platform, on Wednesday said it has acquired an artificial intelligence (AI)-powered knowledge automation solution company Colabo.
Bangalore/Mumbai/Dubai/Palo Alto
2022-03-30
Mohanjit Jolly, partner at Iron Pillar, a mid-stage, growth capital provider that has notched up a small roster of very promising tech startups on its portfolio, which is into its second fund now. In this episode, Mohanjit talks about his career, which had multiple interesting transitions, the companies Iron Pillar is backing, and the value that the partners bring to them in the world's biggest tech markets.
Bangalore/Mumbai
2022-03-21
Mid-stage focused venture capital firm Iron Pillar, backer of startups such as Freshtohome and recently turned unicorn Uniphore, expects its second fund to invest more in Indian companies that are building for the globe and consequently have a bias towards enterprise software-as-a-service (SaaS) firms, a top executive told VCCircle.
Mumbai
2022-03-21
Jewellery flatform Bluestone $30 million at a valuation of $410 million in a funding round led by Sunil Kany Munjal, the Chairman of Hero enterprise. With fresh capital, the omnichannel jewellery retailer is planning to scale manufacturing capabilities beyond iys two existing units in Mumbai and accelerate a nationwide store rollout.
New Delhi/Mumbai
2022-03-09
The round also saw participation from venture firms Iron Pillar, R-Squared, and existing investors Nexus Venture Partners, Reaction Capital and Rebright Partners, the company said in a statement.
New Delhi
2022-02-24
Cloud kitchen company Curefoods has acquired South India franchise rights for the US-based pizza chain Sbarro. As part of Curefoods, Sbarro will now actively expand in South India.
Mumbai
2022-02-23
Following the acquisition, 247around will operate as a group company of Servify. The transaction is expected to close in the next few weeks.
Palo Alto California
2022-02-16
Uniphore, the leader in conversational automation today announced its Series E funding round of $400 million. The round, which brings Uniphore’s total funding to more than half a billion ($610 million) is led by NEA and raises the company’s valuation to $2.5 billion. March Capital and other existing Uniphore investors along with new entities are also participating in this funding round.
New Jersey
2022-02-16
The size of the round "allows us to not have to take any more pitstops between now and us preparing to make the company public ready," says Uniphore cofounder and CEO Umesh Sachdev
Mumbai
2022-02-11
Given the market’s great potential and the rise in demand for quality meat and seafood, we aim to provide customers with products at affordable rates and at their convenience,” said Shan Kadavil, Founder of FreshToHome
New Jersey
2022-01-25
Silicon Valley tech company Sibros has cracked the code to develop tech any automaker can use for over-the-air updates and data capture. Thursday, Sibros announced a major cash infusion from a group of high profile companies.
New Delhi
2022-01-14
CoreStack Inc., a cloud governance and compliance software-as-a-service (SaaS) startup, is looking at acquiring its first clients from the oil and gas segment. The company is also considering its first acquisition, and planning to invest more in Europe and the Middle East as it seeks to become a $1 billion
Mumbai
2022-01-12
Curefoods Pvt Ltd, a cloud kitchen startup floated by Cure.fit co-founder Ankit Nagori, has announced $62 million fundraising from existing investors Iron Pillar, Chiratae Ventures, Sixteenth Street Capital, Accel Partners and Binny Bansal.
Hyderabad
2021-12-08
Edtech start-up Skill-Lync has announced a partnership with engineering and digital technology solutions company Cyient to skill about 500 trained professionals by February 2022.
California
2021-11-23
CoreStack, a global multi-cloud governance SaaS provider, today announced a $30 million Series B funding round led by Avatar Growth Capital, with continued participation from Dallas Venture Capital (DVC), Iron Pillar, and other angel investors. This brings CoreStack’s total funding to $45 million, following its Series A in March 2020, underscoring the growing enterprise demand for multi-cloud governance solutions.
Bangalore
2021-08-25
Curefoods, the spin off foodtech brand founded by Ankit Nagori in 2020, which operates brands like Eatfit, Yumlane, Aligarh House Biryani, and Masalabox, has raised $13 million funding led by Iron Pillar, Nordstar, and Binny Bansal.
Chenai
2021-08-09
Technology-focused investment firm Iron Pillar is expecting to double its assets under management (AUM) by the end of 2022, as its portfolio companies continue to thrive during the pandemic. The company currently has a AUM of $500 million and is expected to hit $1 billion by December 2022.
Bangalore/Mumbai/Dubai/Palo Alto
2021-07-13
Mid stage focused venture capital firm Iron Pillar has roped in Pavan A Gupte, who has previously worked with private equity firms such as KKR and Adams Street Partners, as a board partner. Gupte has helped build investment management firms in Mumbai, London and Singapore covering emerging markets and western Europe.
Dubai
2021-07-06
Iron Pillar is a venture growth investor, focused on enterprise and consumer technology businesses that are building from India for the world. Since 2016, Iron Pillar has been working closely with extraordinary Founders to help them scale profitably from ~$10 million to $100 million+ in revenues. The firm has consistently executed this strategy across its marquee list of portfolio companies, including BlueStone, CureFoods, FreshToHome, Servify, Uniphore and others.
Bangalore
2021-07-06
Technology-focused venture capital firm Iron Pillar has received an investment of $10 million from Allana Group in its Fund II. The 150-year-old group has manufacturing and distribution in 20 countries and has market leadership in oils, proteins, several FMCG brands and agri products.
Bangalore
2021-04-14
Following this acquisition, Servify will be adding two of WebToGo's solutions to its portfolio as well as the German company's entire staff strength.
Bangalore
2021-02-09
Ushur, the Santa-Clara and Bengaluru-based no-code intelligent automation company, has raised $5 million as part of its $25 million Series B funding from growth investment firm Iron Pillar and Alfac Global Ventures. This is the second investment from Iron Pillar Fund II, targeting growth stage cloud software companies.
Bangalore
2021-02-09
Mid-stage venture capital firm Iron Pillar on Tuesday said that it has invested in US-based no-code automation company Ushur Inc that makes products in Bengaluru. Iron Pillar said in a statement that this is its second investment from the new fund. Last year, the firm said it had made its debut bet from the fund in CoreStack, a cloud governance and compliance software-as-a-software (SaaS) startup.
New Delhi
2020-12-02
Mid-stage venture capital firm Iron Pillar on Tuesday said that it has invested in US-based no-code automation company Ushur Inc that makes products in Bengaluru.
Iron Pillar said in a statement that this is its second investment from the new fund.
Last year, the firm said it had made its debut bet from the fund in CoreStack, a cloud governance and compliance software-as-a-software (SaaS) startup.
New Delhi
2020-12-02
CoreStack, the Seattle-based cloud governance and compliance SaaS startup, has raised $4 million in funding led by Iron Pillar, the venture growth investor. This is the maiden investment made by Iron Pillar Fund II. The fund said in its press statement that it will be targeting growth-stage cloud software companies in Fund II. CoreStack will use the funds for continued market expansion. CoreStack has its development in Chennai.
New Delhi/Dubai
2020-10-27
FreshToHome, a Bengaluru-based online fresh fish and meat retailer, has raised $121 million in Series C funding led by Investment Corporation of Dubai (ICD), the principal investment arm of the Government of Dubai. Investcorp, Ascent Capital, The United States International Development Finance Corporation (DFC) and Allana also participated in the round with significant follow-on investment of $19 million from Series B lead investor Iron Pillar.
2020-10-27
FreshToHome, an Indian e-commerce startup that sells fresh vegetables, fish, chicken and other kinds of meat, has raised $121 million in a new financing round as the Bangalore-headquartered firm reports accelerated growth spurred by the coronavirus pandemic.
Bangalore
2020-09-24
Device lifecycle management platform Servify has raised $23 million in Series C funding, led by existing investor Iron Pillar, along with participation from Blume Ventures, Beenext, Tetrao SPF and Trifecta Capital.
Mumbai
2020-09-23
Servify, a Mumbai-headquartered startup that operates a device lifecycle management platform and works deeply with brands, including Apple and Samsung, in a number of geographies, has raised $23 million in a new financing round.
Bangalore/Mumbai/Dubai/Palo Alto
2020-06-11
Anand Prasanna, a managing partner at Indian venture capital firm Iron Pillar, on building local companies that can be globally relevant, selling a GP stake, and the impact of COVID-19.
2020-06-03
Venture growth investor Iron Pillar, a specialist in mid-stage tech investments in India, is partnering up with Nitya Capital, a US investment firm with USD2 billion in AuM.
Nitya Capital invested in Iron Pillar Holdings Ltd, alongside founding partners Anand Prasanna, Mohanjit Jolly and Ashok Ananthakrishnan, as part of the deal
Bangalore/Mumbai/Dubai/Palo Alto
2020-05-21
Iron Pillar, a mid-stage-focussed venture capital firm, has invested in eight startups such as Uniphore, FreshToHome and Testbook from its debut fund of $90 million. It recently raised a top-up fund of $45 million to invest in its existing portfolio companies. The fund was oversubscribed.
Bangalore/Mumbai/Dubai/Palo Alto
2020-05-18
ron Pillar has closed its USD45 million Top Up Fund, which will top-up the Iron Pillar Fund I that held its final close in 2018 with capital commitments of USD90 million.
Bangalore
2020-05-18
Through its Fund-I, Iron Pillar has made eight investments, and witnessed one exit from SaaS company, Now Floats, which was acquired by Reliance Jio in DecemberRemote healthcare delivery and gaming continue to be interesting opportunites for investors, according to Iron Pillar
2020-03-11
Investor, professor, entrepreneur, mentor, and author Chris Yeh was in India recently to talk about his book ‘Blitzscaling’, which he co-authored with Reid Hoffman. Chris also co-authored another best-seller ‘The Alliance: Managing Talent in the Networked Age,’ with Reid Hoffman and Ben Casnocha in 2014.
Mumbai/ Bangalore
2020-03-09
As Covid-19 continues to spread across the world and in India, creating curbs on travel and large business events, venture capital (VC) firms are advising startups and their portfolio companies to conserve cash and spend less, and brace for a possible uncertain fund-raising environment.
Bangalore
2020-02-25
One of the biggest challenges and opportunities facing India is its young and massive population and the so-called demographic dividend—the ratio of working age population and the non-working people—that is going to be with India for the next 30 years. With a million young people entering the working world every month, India has to generate jobs to keep the unemployment rate under control. The confluence of education and employability, thus, is a massive opportunity in India that Iron Pillar is excited about.
Singapore
2020-02-19
Venture capital fund Iron Pillar is in talks to raise a $30 million add-on fund to invest in existing portfolio companies such as online meat grocer FreshToHome and phone service management firm Servify.
New Delhi
2020-02-17
Iron Pillar is one of the few mid-stage tech investors in India. The venture capital firm, which launched its debut fund in 2016, is eyeing more capital. The firm made five more new investments including in online fish and meat seller Freshtohome and artificial intelligence (AI) startup Uniphore.
New Delhi
2020-02-12
Iron Pillar, one of the few mid-stage-focused venture capital investors in India, is eyeing more capital after fully committing its debut fund, a top executive told VCCircle. The fund had announced its final close of fundraising at $90 million (Rs 666 crore then) in October 2018.
Bangalore/Palo Alto
2020-02-02
Even as the early stage funding momentum in startups continue, 2019 saw a boom in growth stage funding, with newer venture capital funds entering this space.
New Delhi
2020-01-08
Testbook Edu Solutions Pvt. Ltd, which operates an eponymous education-technology platform focussed on government examination preparations, has raised Rs 60 crore (about $8.3 million) in its Series B funding round.
2019-12-31
Six years ago, when venture capitalist Aileen Lee coined the term “unicorn”—to define the extreme rarity of startups valued north of $1 billion—there were just 39 in the US and only three Indian unicorns. Today, the US and China are home to over 200 each, while India has roughly 30!
2019-12-17
CIhina’s two technology behemoths, Alibaba and Tencent, have been aggressively snapping up stakes in Indian startups in the last five years—and many of the firms they’ve helped fund have crossed the $1 billion threshold to become unicorns.
2019-12-13
Reliance Industries, one of India’s largest industrial houses, has acquired a majority stake in NowFloats, an Indian startup that helps businesses and individuals build online presence without any web developing skills.
2019-11-26
In a report on the 'Tech Unicorns Market Landscape', the venture capital firm stated that on an average, B2B global companies that are built from India, raised $97 million to reach unicorn status
Hongkong/China
2019-11-25
Indian investors are savoring a rapid proliferation in billion-dollar technology start-ups, but as the unicorn heap gets bigger, an almost unrecognizable economy will pose new challenges
UK
2019-11-18
The inaugural India Tech Trends Report by mid-stage technology investment firm Iron Pillar reveals that while India generated almost one unicorn per year between 2011 to 2017, the number spiked to 11 in 2018, with 10 so far in 2019. Of the country’s current 30 tech unicorns, 21 of them were created in the last two years.
Bangalore/Mumbai/Dubai/Palo Alto
2019-11-18
Startups that create software and other and other products for the global market need 50% less capital compared with consumer-focused startups building services in India to become a unicorn (privately held companies valued at over ($ 1 billion), according to an Iron Pillar report.
Bangalore/Mumbai
2019-11-16
While the Indian tech ecosystem is gaining prominence, the number of unicorns—startups valued at over a billion dollars—have risen in tandem. Once rare, and hence named after the mythical creature, these companies are now emerging faster than ever. A report from venture capital fund Iron Pillar, pointed out some interesting trends about these unicorns:
Bangalore/Mumbai
2019-08-26
FreshToHome, a Bangalore-based e-commerce startup that sells fresh vegetable, fish, chicken and other kinds of meat, has raised $20 million in a new financing round as it looks to expand its footprint in the nation.
Bangalore/Mumbai
2019-08-13
Uniphore, a global conversational AI (Artificial Intelligence) technology company, on Tuesday said it has raised $51 million in Series C funding led by March Capital Partners, with participation from Chiratae Ventures (formerly IDG Ventures), Sistema Asia, CXO Fund, ITP, Iron Pillar, Patni Family, and other investors.
Bangalore/Mumbai
2019-06-07
Growth stage investments in Indian startups set a record by breaching the billion-dollar mark in the first half of this year, as new investors doubled down on Series B and C rounds, generally considered the growth stage for startups.
Mumbai
2019-04-15
Venture capital (VC) investors are increasingly participating in mid-series (Series B-C) fundraisings, attracted by more opportunities and lower competition.
Mumbai
2019-01-04
Vyome Therapeutics' lead product, which targets the drug-resistant acne market, received approval of the US Food and Drug Administration for investigational drug discovery in January 2016.
Bangalore
2018-11-16
Iron Pillar announced it has joined the Draper Venture Network (DVN), a global alliance of independent venture capital firms with $1.8 billion in collective assets, in a move that will bolster the fund’s global access and reach for its growing portfolio of enterprise and consumer technology companies.
Bangalore
2018-11-16
If you speak with any entrepreneur who’s worked with India-focused venture growth investor Iron Pillar, they’ll tell you that the primary attraction was never the capital. Instead, it is the venture fund’s six-member founding team, who – with their rich and varied skills and experiences – inspire the respect, trust, and confidence of enterprise startups looking to enter the next phase of growth.
Mumbai
2018-10-05
The Overseas Private Investment Corporation (OPIC) on Friday announced the launch of a venture capital initiative designed to build on the agency’s existing financial tools by supporting venture capital funds investing in proven and emerging technologies that address critical challenges facing the developing world.
Bangalore/Mumbai/Dubai/Palo Alto
2018-10-05
Mumbai-based venture growth fund Iron Pillar has announced the final close of its $90 Mn maiden fund.
Bangalore/Mumbai/Dubai/Palo Alto
2018-10-04
Iron Pillar, a mid-stage-focused venture capital (VC) firm, has made the final close of its $90 million maiden fund, senior company executives said.
New Delhi
2017-05-08
Tech-focused venture capital firm, Iron Pillar, has made the first close of its maiden India fund at Rs 129 crore, bringing on board two major anchor investors, Small Industries Development Bank of India (Sidbi) and diversified financial services player IIFL.
Mumbai
2017-05-08
Mumbai-based venture capital firm Iron Pillar has raised INR1.29m ($21m) at the first close of its debut fund.
Mumbai
2017-04-21
A Mumbai-based software firm is raising $20 million in Series-B funding. Its existing investors are willing to chip in $5 million and it has identified three investors who are willing to bring in $4-5 million. The problem is it is unable to find an investor who can lead the Series-B round.
Bangalore/Mumbai/Dubai/Palo Alto
2017-02-24
India’s top venture capital funds are still looking for successful exits that are proving elusive in a rapidly transforming start-up ecosystem.
Bangalore/Mumbai/Dubai/Palo Alto
2017-01-17
Chinese conglomerate Fosun International Ltd has entered into a strategic partnership with Iron Pillar Capital Management Ltd, a venture capital fund focused on mid-stage technology investments, to target opportunities in India.
Bangalore/Mumbai/Dubai/Palo Alto
2016-08-25
Indian start-ups suddenly find themselves in a tough spot as category-leading investors like SoftBank and Tiger seem to have hit the pause button.
Bangalore/Mumbai/Dubai/Palo Alto
2016-01-23
The venture capital gold rush to India that began with Tiger Global Management’s purchase of a slice of Flipkart in 2010 ebbed five years later, ending in cash crunch, valuation cuts and many shutdowns in India’s start-up landscape.
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