Page 36 - Start Ups
Exotel raises $35 mn to expand its cloud customer engagement platform
The customer engagement company is looking to hit an annual recurring revenue of $200 mn over next 5 years and plans to increase its headcount by 200 over next 12 months
 "Exotel raises $35 mn to expand its cloud customer engagement platform")
magicpin raises $60 million in Series D round led by Zomato
The app currently serves 6 million active users with nearly 25 sessions per user per month, and provides savings on nearly 170,000 merchants across big brands and local retailers
 "magicpin raises $60 million in Series D round led by Zomato")
Healthtech startup Mosaic Wellness raises $24 mn at valuation of $135 mn
Mosaic Wellness' Series A round was led by Sequoia Capital India with participation from Elevation Capital and Matrix Partners India
 "Healthtech startup Mosaic Wellness raises $24 mn at valuation of $135 mn")
Good Glamm Group India's first unicorn in DTC beauty and personal care biz
The firm, valued at $1.2 bn, expects to cross annual recurring revenue of $250 million by March 2022
 "Good Glamm Group India's first unicorn in DTC beauty and personal care biz")
This South Korean used his telecom biz to build a thriving fintech in India
Charlie Lee's firm True Balance leverages on its mobile phone balance checking business to assess and disburse loans with simple documentation in a matter of minutes
 "This South Korean used his telecom biz to build a thriving fintech in India")
HR tech start-up Advantage Club raises $5 million from Jetty, YCombinator
The company aims to expand its operations abroad and add more products and features to compete in the $13 billion global HR tech market
 "HR tech start-up Advantage Club raises $5 million from Jetty, YCombinator")
On track to report Rs 1,000 cr revenue, says agro startup WayCool Foods CEO
WayCool Foods and Products Pvt Ltd is 'on track' to report Rs 1,000 crore top line during the current financial year, nearly tripling its revenues registered last year, official said.
 "On track to report Rs 1,000 cr revenue, says agro startup WayCool Foods CEO")
Bounce eyes $100mn investment in e-scooter mfg, battery swapping infra
Bounce is making investment of about $100 mn in next 12 months across manufacturing of e-scooters, expanding battery swapping infrastructure, its co-founder and CEO Vivekananda Hallekere
 "Bounce eyes $100mn investment in e-scooter mfg, battery swapping infra")
From high-street QSR to cloud kitchen unicorn: The Rebel Foods story
Inside Faasos' parent Rebel Foods' kitchens we see chefs understand automation, machines remember recipes
 "From high-street QSR to cloud kitchen unicorn: The Rebel Foods story")
Cactus Venture Partners plans to invest $100 mn in start-ups over 3 years
Cactus Venture Partners is planning to invest USD 100 million, mostly in start-ups based in India, over the next 3 years.
 "Cactus Venture Partners plans to invest $100 mn in start-ups over 3 years")
Faze Technologies raises $17.4 mn in seed round led by Tiger Global
Coatue, Sequoia Capital India, Samsung Next among other participants
Logistics startup Delhivery files DRHP with Sebi for Rs 7,460 cr issue
Primary issue will be of Rs 5,000 crore, which the company will raise via public issue; OFS by existing investors will be Rs 2,460 crore
 "Logistics startup Delhivery files DRHP with Sebi for Rs 7,460 cr issue")
Start-ups make it to the Rich List this year but lag in charity
Only Nikhil and Nithin Kamath, Ronnie Screwvala, Binny Bansal, and Radha & Sekar Vembu make the cut
 "Start-ups make it to the Rich List this year but lag in charity")
Neobanking startup Fi raises $50 mn in funding, valuation jumps 7 times
B Capital Group, Falcon Edge and others participated in the Series B funding round that valued Fi at $315 million
10-minute grocery delivery app Zepto comes out of stealth, raises $60 mn
Zepto was founded by two 19-year-old Stanford dropouts and includes investors like Glade Brook, Nexus, Lachy Groom, Y Combinator and Global Founders Capital
 "10-minute grocery delivery app Zepto comes out of stealth, raises $60 mn")
Vanity Wagon raises Rs 5.5 cr in pre-series A round led by Inflection Point
Firm is a one-stop clean beauty marketplace focused on non-toxic products; has completed 50,000 orders since inception and currently serves 130,000 online visitors a month
Drip Capital raises $175 mn to enter new markets like South Asia, LatAm
Funds raised include $40 mn in Series C and $135 mn in warehouse debt. With this, Drip Capital has raised $525 mn in all via equity and debt
 "Drip Capital raises $175 mn to enter new markets like South Asia, LatAm")
Lovelocal raises $18mn in pre-series B round led by Vulcan Capital
LoveLocal, which has grown 40x since inception is changing how India shops by empowering local retailers and is digitising the $1.1 trillion unorganised retail market
Nykaa raises Rs 2,396 crore from anchor investors ahead of IPO
The company has decided to allocate a total of 21,296,397 equity shares to anchor investors at Rs 1,125 a share, aggregating to Rs 2,395.84 crore
 "Nykaa raises Rs 2,396 crore from anchor investors ahead of IPO")
Hyperlocal ecommerce start-up LoveLocal raises $18 mn in pre-Series B round
The company claimed that this is the largest round ever raised by a solo woman tech founder in India
 "Hyperlocal ecommerce start-up LoveLocal raises $18 mn in pre-Series B round")
