Funding galore, because Indian start-ups have had an eventful week, attracting money from Indian and foreign investors. To find out, read on:
Credit and payment start-up tranche increased debt by INR 165 crore
Targeting Indian youth, slice now has over 300,000 members and 900,000 on the waiting list, 70% of whom are young working professionals. The company processed a transaction volume of over $ 250 million and expects to achieve a GTV execution rate of $ 1 billion in fiscal year 22. With this, slice also plans to grow its base. members of more than 3 times to 1 min over the next 12 months.
For more information: http://bwdisrupt.businessworld.in/article/Credit-And-Payment-Startup-Slice-Raised-INR-165-Crore-In-Debt/24-05-2021-390715/
Glamplus SaaS start-up raises Rs 2Cr in pre-series-A cycle
The funds raised will be used for improving product and technology capabilities and expanding business. The funds will also be used to grow to 3,000 partners over the next 6 months, alongside the vertical expansion of the business line.
For more information: http://bwdisrupt.businessworld.in/article/Glamplus-SaaS-Startup-Raises-Rs-2Cr-In-Pre-Series-A-Led-By-Inflection-Point-Ventures/24-05 – 2021-390717 /
Financial Litigation LegalPay raises funds led by Accelerator VC
As the pandemic has a negative impact on businesses, litigation is on the increase. In view of this, the company plans to deploy Rs 100 crore over the next two years on cases that are at their advanced stage.
For more information: http://bwdisrupt.businessworld.in/article/Litigation-Financier-LegalPay-Raises-Funds-Led-By-Accelerator-VC/24-05-2021-390755/
Tekie raises $ 1.5 million from GSV, Multiply Ventures, Better Capital
Better Capital also participated in the roundtable, the Bengaluru-based startup said in a statement adding that the funds raised will be used to scale operations and expand the team.
For more information: http://bwdisrupt.businessworld.in/article/Tekie-raises-USD-1-5-mn-from-GSV-Multiply-Ventures-Better-Capital/24-05-2021-390764/
Zeta Joins Unicorn Hub with $ 250 Million Funding Led by Softbank
The company gives the Bengaluru-based fintech startup a valuation of $ 1.45 billion, almost several times its past valuation of $ 300 million in its Series C cycle in 2019.
Find out more: http://bwdisrupt.businessworld.in/article/Zeta-Joins-Unicorn-Hub-With-250-Million-Softbank-Led-Funding/24-05-2021-390768/
SalaryBox Raises Pre-Seed Funding from GSF Accelerator and Others
In the application, salaries are automatically calculated for different types of salaries after taking into account attendance, time off, allowances, overtime and salary advances. Business owners can pay wages to all workers and meet government-imposed compliance requirements with just one click.
For more information: http://bwdisrupt.businessworld.in/article/SalaryBox-Raises-Pre-seed-Funding-From-GSF-Accelerator-And-Others/25-05-2021-390818/
Asirvad Microfinance Raises USD 15 Million to ECB from WorldBusiness Capital Inc
The loan proceeds, used in accordance with External Commercial Borrowing (ECB) standards, will allow Asirvad to expand its business of providing small loans to low-income women business owners in rural areas.
For more information: http://bwdisrupt.businessworld.in/article/Asirvad-Microfinance-Raises-USD-15-mn-In-ECB-From-WorldBusiness-Capital-Inc/25-05-2021-390840/
Scenes By Avalon raises funding round for pre-series
With rapid and growing usage, the user base has grown steadily by 70-80% per month for DAUs and MAUs since its launch just 2 months ago in March 2021.
For more information: http://bwdisrupt.businessworld.in/article/Scenes-By-Avalon-Raises-Pre-Series-A-Funding-Round-/25-05-2021-390874/
Atlan Secures $ 16 Million Series A Funding
The company plans to use the funding to expand its engineering and marketing verticals, the current strength of its team and double the size of its team by the end of 2021.
For more information: http://bwdisrupt.businessworld.in/article/Atlan-Bags-16-Mn-In-Series-A-Funding/25-05-2021-390913/
Sentieo raises $ 20 million in Series B
The round was led by Ten Coves Capital with input from existing investors Centana Growth Partners and Studio Management. Ned May, Founder and Managing Partner of Ten Coves Capital, will join Sentieo’s board of directors. With this latest funding, Sentieo has now secured $ 62 million in total capital.
For more information: http://bwdisrupt.businessworld.in/article/Sentieo-Raises-20M-Series-B-Round-/25-05-2021-390941/
Koo Raises $ 30 Million Series B Investment Led by Tiger Global
Aprameya Radhakrishna, Co-Founder and CEO of Koo, said: “We have ambitious plans to become one of the biggest social media platforms in the world over the next few years. All Indians encourage us to get there soon. Tiger Global is the right partner to have on board to make this dream come true. “
For more information: http://bwdisrupt.businessworld.in/article/Koo-Raises-30-Mn-Series-B-Investment-Led-By-Tiger-Global/26-05-2021-390969/
DotPe raises Rs 200 cr from PayU, Google, Info Edge Ventures
PayU and Info Edge Ventures are existing investors in the start-up created a year ago. DotPe co-founder Shailaz Nag told PTI that Info Edge Ventures doubled its initial investment in the company made last year and more than doubled its stake.
For more information: http://bwdisrupt.businessworld.in/article/DotPe-Raises-Rs-200-cr-From-PayU-Google-Info-Edge-Ventures/26-05-2021-390992/
Cuvette Tech raises 180K USD from angel investors
The investment is led by Titan Capital, Varun Alagh, co-founder and CEO Mamaearth, Harish Daiya, co-founder Lumenci and other renowned angel investors. The startup will use the funds to build its rating team and develop its product. Cuvette’s goal will be to become a unique platform for startups to hire verified software interns.
To find out more: nhttp: //bwdisrupt.businessworld.in/article/Cuvette-Tech-Raises-180-K-USD-From-Titan-Capital-Mamaearth-Lumenci-Marquee-Angel-Investors/26-05-2021 – 391002 /
Clensta raises ₹ 50 million via NCD from N + 1 Capital
The vision behind these $ 100 million (₹ 730 crore) funds is to enable more than 100 entrepreneurs to grow their businesses profitably and sustainably throughout their growth phase. Benefits for entrepreneurs include no personal guarantees involved, a technology-driven risk scoring model, greater flexibility and a constant infusion of capital. It also provides credibility, reassurance, builds confidence and reduces the time required for due diligence for future investors.
To find out more: nhttp: //bwdisrupt.businessworld.in/article/Clensta-Raises-50-Million-Via-NCD-From-N-1-Capital/26-05-2021-391084/
Agritech FarMart raises 17.7 crores
Existing investors Indian Angel Network and LetsVenture also participated. The company will focus on product development, expanding the user base and scaling its market link capabilities.
For more information: http://bwdisrupt.businessworld.in/article/Agritech-FarMart-Raises-Rs-17-7-Crores/27-05-2021-391126/
‘Cellestial’ Completes $ 35 Million Pre-Series A Funding
This round of strategic funding included Electric Motor Company co-founder Ashik Karim, founder of UpCapital Investments, Canada’s leading financial advisory group for electric vehicles, who not only invested but expressed a deeper interest in support the company’s growth in terms of branding and stewardship.
Read more on: http://bwdisrupt.businessworld.in/article/-Cellestial-Completes-Pre-Series-A-Funding-at-35M-USD-Valuation/27-05-2021-391129/
Lupine receives $ 50 million from Boehringer Ingelheim
Lupine said his new chemical entity research team is focused on building a pipeline of highly differentiated and innovative new chemical entities, primarily in the field of oncology.
Find out more: http://bwdisrupt.businessworld.in/article/Lupine-Receives-USD-50-Million-From-Boehringer-Ingelheim/27-05-2021-391146/
Kodo raises $ 8.75 million in seed capital
Collections and corporate spending in India are witnessing a massive shift from cash to digital, creating strong positive winds for Kodo cards and expense management tools. Card spend on Kodo has increased 45% month-on-month over the past 12 months, leading to an 83-fold increase in transaction volumes.
For more information: http://bwdisrupt.businessworld.in/article/Kodo-Raises-US-8-75-Million-In-Seed-Capital-/27-05-2021-391151/
Get My Parking raises Rs 43 Crore
GMP (Get My Parking) has digitized more than 3,000 car parks in Europe, the United States and India. It will use the new funds to evolve its IoT platform and expand its presence in the US, LATAM and Australian markets.
For more information: http://bwdisrupt.businessworld.in/article/Get-My-Parking-Raises-Rs-43-Crore/27-05-2021-391182/
Northern Arc Capital invests in Shriram Transport Finance
The money raised through this deal will be used to support small hauliers, first-time truck buyers and drivers who have become truck owners. The focus will be on those affected by the pandemic.
Find out more: http://bwdisrupt.businessworld.in/article/Northern-Arc-Capital-Invests-In-Shriram-Transport-Finance-/28-05-2021-391286/