Page 14 - Funding
Reliance Retail to invest $200 mn in delivery firm Dunzo for 25.8% stake
Currently, Dunzo is available across 7 metro cities in India and the additional capital will be used to expand the quick commerce business to 15 cities
 "Reliance Retail to invest $200 mn in delivery firm Dunzo for 25.8% stake")
New-age companies make it to Amfi's large-cap list, shows data
This comes despite stocks such as PB Fintech (Policybazaar) and One 97 Communication (Paytm) trading below their issue price
 "New-age companies make it to Amfi's large-cap list, shows data")
Accelerator fund 9Unicorns charts aggressive investment plan for 2022
Aims to invest in over 150 startups in 2022, with approx. investment of Rs 400cr
 "Accelerator fund 9Unicorns charts aggressive investment plan for 2022")
Neobanking start-up Jupiter raises $86 mn at a valuation of $711 mn
It is currently seeing 5,000 to 6,000 new users signing up each day, and has also recorded deposits of over Rs 100 crore in October this year.
 "Neobanking start-up Jupiter raises $86 mn at a valuation of $711 mn")
Financial security firm MetaMap raises Rs 530 cr for business expansion
Start-up offers solutions for fraud prevention, identity and financial qualification, and credential sourcing.
Odisha-based MFI Annapurna Finance raises $ 35 mn in capital raise
Third funding round this year bring total investments to $85 mn as company enters clean energy lending.
 "Odisha-based MFI Annapurna Finance raises $ 35 mn in capital raise")
Robotics firm ARAPL Raas raises funding for warehouse automation
Company says its technology reduces the cost of operations for companies in instant commerce.
Social commerce start-up Gobillion raises $2.9 mn from YCombinator, others
Group-buying platform allows multiple users to aggregate their purchases and place bulk orders.
 "Social commerce start-up Gobillion raises $2.9 mn from YCombinator, others")
Fintech start-up Minko gets $1.5 mn in funding to expand business
Company announces a B2B payments stack for offline distributors and retailers.
Digital supply chain financier Veefin raises $3 mn in Series A funding
The Series A funding will be used to build product and engineering teams to enhance SCF technology based on the market's evolving dynamics, said Veefin.
Seafood marketplace Captain Fresh raises $40 mn in a funding round
Its reseller segment (B2B2C) has demonstrated an increase of 20x within just three months of launch, retailing about 1.2 million kgs of fish and seafood every month.
Tech-enabled meat, seafood ordering platform TenderCuts raises Rs 30 cr
Since its commencement, Stride Ventures has focused on investing across sectors
 "Tech-enabled meat, seafood ordering platform TenderCuts raises Rs 30 cr")
Cars24 raises $400 mn in funding, valuation up 83% at $3.3 bn in 3 months
The investment will be utilised for the company's expansion in West Asia, Australia, and Southeast Asia, and to strengthen its foothold in India
 "Cars24 raises $400 mn in funding, valuation up 83% at $3.3 bn in 3 months")
Nexprt raises $5 mn in seed round from Sequoia Capital India and Lightspeed
Early backers Titan Capital and other notable angel investors also participated; proceeds to be used to scale existing business and launch new verticals in manufacturing domain
Healthcare startup Pristyn Care raises $96 million, joins Unicorn club
By March 2022, the company plans to increase its geographical footprint by expanding to over 50 cities and towns and 1000 surgical centres
 "Healthcare startup Pristyn Care raises $96 million, joins Unicorn club")
Experiential learning app Practically raises $5 mn in strategic investment
The experiential learning app will leverage these investments to expand its operations across India, Middle East and SouthEast Asia
 "Experiential learning app Practically raises $5 mn in strategic investment")
SoftBank Vision Fund 2 leads $60 mn funding for Payments tech firm Juspay
Juspay processes 300 mn online transactions a month with gross value of over $5 bn; has highest number of payment SDK (software development kits) installed on 250 mn mobile phones
Healthtech platform Innovaccer raises $150 mn at $3.2-bn valuation
Company announces new Innovation Accelerators to help customers tackle the most common and high-impact clinical, operational, and financial use cases
 "Healthtech platform Innovaccer raises $150 mn at $3.2-bn valuation")
Nestasia raises $4 mn in Series A round led by Stellaris Venture Partners
The firm makes and brings over 6,000 products across genres from India and South-east Asia. In a little over two years, it has completed 100,000 orders and has 50,000 customers in 7 countries
ShopConnect raises $1.5 mn pre-series from IBS Software founder V K Mathews
ShopConnect enables brands and retail merchants to build next-gen online stores to give an immersive user experience with features such as live video shopping and hyper-personalisation
 "ShopConnect raises $1.5 mn pre-series from IBS Software founder V K Mathews")
