Page 54 - Start Ups
WinZO raises $65 mn in Series C round, led by Griffin Gaming Partners
Griffin is making its first-ever investment in India in WinZO
 "WinZO raises $65 mn in Series C round, led by Griffin Gaming Partners")
Licious raises $192 mn from Temasek, others at $650 mn valuation
Existing investors 3one4 Capital, Bertelsmann India Investments, Vertex Growth Fund, and Vertex Ventures Southeast Asia and India also participated in this round of fundraising.
 "Licious raises $192 mn from Temasek, others at $650 mn valuation")
Swedish gaming giant MTG buys Indian games developer PlaySimple for $360 mn
Acquires 100% in cash-and-equity deal that will significantly strengthen the company's position in casual games' genre and enable access to fast-growing word games genre
 "Swedish gaming giant MTG buys Indian games developer PlaySimple for $360 mn")
Virat Kohli-backed insurance startup hits $3.5-bn value after fresh funding
The company is raising $200 million from Sequoia Capital India, existing investor Faering Capital Pvt and others
 "Virat Kohli-backed insurance startup hits $3.5-bn value after fresh funding")
Removed 1,253 posts, says Koo in first compliance report under new IT rules
The Bengaluru-based startup said that going forward it will publish the report on the first day of each month
 "Removed 1,253 posts, says Koo in first compliance report under new IT rules")
Ratan Tata-backed Mswipe Tech looks to morph into digital SME bank
Firm will scale up value-added services like insurance at point-of-sale terminals, micro ATMs, says new CEO Ketan Patel
 "Ratan Tata-backed Mswipe Tech looks to morph into digital SME bank")
WhiteHat Jr data not compromised, says Indian AI vendor Salesken.ai
India-based AI conversational intelligence platform Salesken.ai on Thursday admitted the breach but said that no data was compromised
 "WhiteHat Jr data not compromised, says Indian AI vendor Salesken.ai")
Meddo Health closes pre-series A round at $6 million led by SRI Capital
Meddo equips OPD clinics with tech-enabled solutions to turn them into full-service medical centres, complete with ERM systems, diagnostic support, medicine delivery services/support
 "Meddo Health closes pre-series A round at $6 million led by SRI Capital")
Sequoia's Surge accelerator programme invests $55 mn in 23 startups
With this, the Surge community now has 203 founders, from 91 startups building companies across more than 15 sectors such as fintech, payments, communications, and logistics
 "Sequoia's Surge accelerator programme invests $55 mn in 23 startups")
Suresh Prabhu calls for greater role of startups in core sectors
Prabhu added that the Indian economy's rate of growth would get accelerated with India's vaccination drive picking up pace, which will revive businesses and, in turn the overall economy
 "Suresh Prabhu calls for greater role of startups in core sectors")
Sequoia-backed logistics company Shipsy eyes expansion in West Asia
Firm already has over 50 clients and about 30% of the revenue coming from the region
 "Sequoia-backed logistics company Shipsy eyes expansion in West Asia")
EdTech start-up Nalanda Learning raises Rs 40 cr from Aavishkaar Capital
Education technology start-up Nalanda Learning Systems has raised Rs 40 crore from Aavishkaar Capital to expand operations nationally.
 "EdTech start-up Nalanda Learning raises Rs 40 cr from Aavishkaar Capital")
CredR raises $6.5 million in its latest round led by Yamaha Motors
CredR has raised $6.5 million in its latest round led by Yamaha Motors, existing investors Omidyar Network India and Eight Roads Ventures, with participation from automotive focused Astarc Ventures
 "CredR raises $6.5 million in its latest round led by Yamaha Motors")
Zomato's $100 million investment to turn Grofers into unicorn: Report
Food delivery app Zomato, which is working to explore public markets later this year, has reached an agreement to invest $100 million in online grocer Grofers for about a 10 per cent stake
 "Zomato's $100 million investment to turn Grofers into unicorn: Report")
9Unicorns achieves fourth close of accelerator fund at $50 million
Commits investments in 59 startups with a combined valuation of $420 million
 "9Unicorns achieves fourth close of accelerator fund at $50 million")
10club raises $40 mn in one of largest seed rounds in e-comm roll-up space
The funding round was co-led by Fireside Ventures and an international investor active in the space
 "10club raises $40 mn in one of largest seed rounds in e-comm roll-up space")
Airblack raises $5.2 mn funding from Info Edge Ventures, Elevation Capital
Online makeup and beauty learning platform Airblack said it has raised $5.2 million in funding, co-led by Info Edge Ventures and Elevation Capital
 "Airblack raises $5.2 mn funding from Info Edge Ventures, Elevation Capital")
NIRAMAI COVID screening solution receives funding from UK's CDC Group
NIRAMAI is an investee of Pi Ventures, a fund backed by CDC Group ("CDC", the UK's development finance institution and impact investor)
Edtech startup upGrad set to join unicorn club with $4-billion valuation
Eyes $400 million at 5 times current value
Homegrown game streaming platform Loco raises $9 million in funding
The seed round was led by South Korean gaming firm, Krafton, as well as Lumikai, an Indian gaming and interactive media fund.
 "Homegrown game streaming platform Loco raises $9 million in funding")
