Page 11 - Funding

Digital meeting platform Airmeet raises Rs 260 cr in series-B funding round

Digital meeting platform Airmeet on Tuesday announced to have raised Rs 260 crore in series B funding from new as well as existing investors.

B2B company Mintifi raises $40 mn in Series C funding to expand business

Mintifi works with over 100 leading brands that include Tata Motors, Bridgestone Tyres and Berger Paints for helping their supply chain

Micro gold savings app Jar raises $32 million led by Tiger Global

Fintech startup firm Jar said it has raised USD 32 million (about Rs 240 crore) in a Series A round funding led by Tiger Global.

Scrut raises $3 mn in seed funding led by Lightspeed, Endiya Partners

Founded in 2021, Scrut's mission is to be a virtual Chief Information Security Officer (CISO), reducing the CTOs and compliance teams' effort in managing iInfosec compliance by ~70%

Korean firm Krafton invests $5.4 mn in Indian gaming studio Nautilus

Nautilus currently boasts of more than 100 million downloads and 10 million monthly active users

Fund managers advise flexi-cap and large-cap schemes for now

According to fund managers, flexi-cap and large-cap schemes may weather the current storm better

Industrial B2B startup Moglix's valuation tops $2.6 bn with $250 mn funding

Early investors, who had bet on Moglix at the seed stage, have seen an 80x return on their investment in this B2B commerce firm

Akshay Kumar-backed Social Swag raises $3.5 mn in pre series A round

The round has been led by IMEF and Unicorn India Ventures, which has made its maiden announcement in a content creator economy specialist platform

Lee Fixel's Addition leads $14-mn funding in SaaS startup SuperOps.ai

The funding would enable company to disrupt the stagnant managed service providers market and take on legacy vendors with its newly launched AI-powered PSA-RMM platform

AI-powered digital skills assessment start-up iMocha Raises $14 million

The new funding will be deployed to increase iMocha's skill library selection, reach more global enterprises, and widen its partnership base within the HR Tech ecosystem.

Fintech company Kissht raises Rs 100 cr from Trifecta Capital, Northern Arc

Fintech company Kissht on Thursday said it has raised Rs 100 crore in a funding round led by Trifecta Capital and Northern Arc. In the current round, Trifecta and Nothern Arc have each subscribed to Rs 50 crore of non-convertible debentures (NCDs), according to a statement. The company has so far raised over Rs 270 crore in equity and over Rs 1,200 crore in debt investments. The company said the funds will be utilised to expand its scale of operations. It will also further enhance its product offerings, including credit cards for small businesses/ shops and improve underwriting capabilities to extend credit to the new to credit (NTC) segment using AI and machine learning. The firm plans to expand its business to one crore borrowers in FY2023, the statement said. It is projecting an overall revenue of over Rs 500 crore, it said. The company provides an instant line of credit for small business transactions and small-ticket size personal loans to new credit customers.

StreamAlive raises $1.53 mn in pre-seed round led by Speciale Invest

Other marquee investors included micro VC funds, founders of private-company software unicorns, MIT professors, CEOs of public firms, and other angel investors and corp execs

MinIO raises $103 mn in Series B funding round, joins the Unicorn list

Investment was led by Intel Capital with participation from new investor SoftBank Vision Fund 2, and existing investors Dell Capital, General Catalyst and Nexus Venture Partners

Inox Wind Energy gets shareholders' nod to raise up to Rs 90 crore

Inox Wind Energy on Tuesday said it has got shareholders' approval to raise up to Rs 90 crore through issuance of 10.62 lakh convertible warrants. The approval was received at its Extraordinary General Meeting (EGM) on Tuesday. The convertible warrants will be issued at the rate of Rs 847 per unit, as per the notice for the EGM. The money will be used for meeting the funding requirements of the company, its subsidiaries' consolidated business operations and for general corporate purposes. On December 27, 2021, the company's board had approved a proposal to this effect. As per the proposal, the funds will be raised in one or more tranches, within a period of 18 months from the date of allotment of the warrants, aggregating to up to Rs 90 crore on preferential basis. According to the EGM notice, it was proposed to issue 8,26,446 warrants worth up to Rs 70 crore to Devansh Trademart LLP, part of the company's promoter group. Besides, the company will issue 2,36,128 warrants worth u

Swiggy becomes decacorn, valuation crosses $10.7 bn in new funding round

In the past few months, Swiggy has expanded Instamart to 19 cities

Health and travel platform Hospals raises $3.5 mn in pre-series A round

The startup has already served over 22,000 patients from 38 countries to get medical advice, teleconsults and surgical treatments across over a hundred hospitals in its network

Ola Electric raises $200 mn in funding at a valuation of $5 billion

In September last year, Ola Electric had announced raising a similar amount in funding from Falcon Edge, Softbank and others that had valued the company at $3 billion

Oyo founder Ritesh Agarwal's family office funds agritech startup Agrowave

Anu Meena, an IIT Delhi alumni started Agrowave to solve the problem faced by her grandfather and millions of farmers in selling their fresh produce.

IncubateHub to launch 9 thematic demand-led accelerators

Strategic backing from Venture Catalysts and 9Unicorns; company will launch specific solutions for the growing CVC market in Asia

Crypto platform Stader Labs raises $12.5 mn on $450 mn valuation

The sale was led by Three Arrows Capital with participation from Blockchain.com, Accomplice, and a clutch of other institutional and angel investors