Page 53 - Start Ups
Social commerce firm Trell raises $45 mn in series led by Mirae Asset, H&M
It is first Indian investment by H&M Group, company that owns fashion retail brand H&M, COS, and Monki
 "Social commerce firm Trell raises $45 mn in series led by Mirae Asset, H&M")
Meat startup TenderCuts enters Bengaluru, to add 10 stores by year-end
Firm follows omni-channel model; the order a customer places for a product is directed to nearest TenderCuts store and the butcher slices the meat only after the order is received
 "Meat startup TenderCuts enters Bengaluru, to add 10 stores by year-end")
Ola Electric raises $100 mn in long-term debt from Bank of Baroda
The company has claimed this to be the largest long-term debt financing agreement for the Indian EV industry
 "Ola Electric raises $100 mn in long-term debt from Bank of Baroda")
Temasek, Warburg Pincus, Bhavish Aggarwal invest $500 mn as Ola plans IPO
This is amongst the largest investments in the Indian consumer internet space by these funds and is a testament to the robust and resilient business built by Ola
 "Temasek, Warburg Pincus, Bhavish Aggarwal invest $500 mn as Ola plans IPO")
Construction mgt app Powerplay raises $5.2 mn from Accel, Surge and others
Powerplay is a free mobile app that connects multiple stakeholders involved in construction, enabling them to communicate and collaborate more efficiently
 "Construction mgt app Powerplay raises $5.2 mn from Accel, Surge and others")
E-commerce firm DealShare's valuation crosses $455 mn after raising $144 mn
The firm, which runs an e-commerce platform for middle and lower-income consumers, expects to hit a $1 bn GMV run rate by year-end and build a 10 mn-strong customer base
 "E-commerce firm DealShare's valuation crosses $455 mn after raising $144 mn")
CRMNEXT raises $16 million from Avataar Ventures, Ascent Capital
Startup provides enterprise solutions for banks and financial services companies, has offices in 11 countries
 "CRMNEXT raises $16 million from Avataar Ventures, Ascent Capital")
Edtech firm upGrad earmarks $250 mn for M&A, non-linear growth
upGrad is set to cross $500 million annual revenue run rate by March 2022 and is looking to raise close to $400 million at a $4 billion valuation.
 "Edtech firm upGrad earmarks $250 mn for M&A, non-linear growth")
DanaMojo raises over Rs 3 cr in funding from Rohini Nilekani, Social Alpha
DanaMojo is a payments solution platform for NGOs
 "DanaMojo raises over Rs 3 cr in funding from Rohini Nilekani, Social Alpha")
Chiratae Ventures starts seed initiative to enable faster access to capital
Chiratae has also introduced an application form and a dedicated website to make the process even simpler for early-stage founders
Fintech firm Pine Labs closes $600 mn fundraise, eyes IPO in 18 months
With the current close, the valuation of the firm stands at $3 billion.
 "Fintech firm Pine Labs closes $600 mn fundraise, eyes IPO in 18 months")
D2C player MyGlamm emerges stronger from setbacks, plans to float IPO
The company, which saw investors pull out of a fund raise as the pandemic struck, is now eyeing an annual revenue run rate of Rs 600 cr by this December
 "D2C player MyGlamm emerges stronger from setbacks, plans to float IPO")
How startups are creating Uber-like ambulance experience during pandemic
These companies have seen 2-3x growth in the past one year as timely medical response becomes key in saving lives
 "How startups are creating Uber-like ambulance experience during pandemic")
Bike taxi startup Rapido plans to ramp up hiring of women captains
India's largest bike taxi platform has also filed for the bike taxi service application with the State Transport Authority in Karnataka
 "Bike taxi startup Rapido plans to ramp up hiring of women captains")
Digital solutions firm Whatfix announces $4.3 mn for ESOP buyback
Digital adoption solutions provider Whatfix on Tuesday said it has implemented its maiden employee stock ownership plan (ESOP) buyback of $4.3 million
 "Digital solutions firm Whatfix announces $4.3 mn for ESOP buyback")
India's Skylark Drones raises $3 mn to fuel international expansion
Skylark Drones aims to elevate worksite productivity and safety by providing geospatial intelligence to different enterprises in sectors such as mining, solar power, etc
 "India's Skylark Drones raises $3 mn to fuel international expansion")
How Zeta acquired Unicorn status in the very first round of funding
Enterprises typically reach the feat at series C or series D, or three to four funding rounds later
 "How Zeta acquired Unicorn status in the very first round of funding")
Locad raises $4.9 mn in seed funding led by Sequoia Capital India's Surge
Locad is part of Surge's fifth cohort of 23 companies that have developed new digital solutions to help companies and individuals work, live and learn better
Rewards-based payment network TWID raises $2.5 mn led by BEENEXT, Surge
The round also saw participation from angel investors Kunal Shah, Rajul Garg and YourNest India
 "Rewards-based payment network TWID raises $2.5 mn led by BEENEXT, Surge")
Paytm announces launch of small ticket loan product Postpaid Mini
These small ticket instant loans will give flexibility to users and also help manage their household expenses to maintain liquidity during the ongoing Coronavirus (Covid-19) pandemic
 "Paytm announces launch of small ticket loan product Postpaid Mini")
