Page 18 - Funding
D2C jewellery brand Melorra raises $24 mn in funding round led by 9Unicorns
Melorra's vision is to bring the fast-fashion model into jewellery, where they launch a new collection every week and 75 designs every Friday
 "D2C jewellery brand Melorra raises $24 mn in funding round led by 9Unicorns")
Google, Temasek back Indian neo-banking firm Open with $100 mn investment
Open plans to use the funds to strengthen its leadership in SME neo-banking space. taking the total SME base from 2 million at present to 5 million in India and expand its services to South East Asia
 "Google, Temasek back Indian neo-banking firm Open with $100 mn investment")
Virtual events platform Hubilo raises $125 mn for global expansion
The investment signals a change in ways people engage and share experiences at a time when uncertainty about Covid-19 has seen cancelled events and delayed a return to traditional office environment
 "Virtual events platform Hubilo raises $125 mn for global expansion")
Fintech firm Salt to ramp up hiring in India; raises $500,000 funding
Fintech firm Salt on Monday said it has raised $500,000 and is looking at strengthening its headcount to about 100 by the end of next year
 "Fintech firm Salt to ramp up hiring in India; raises $500,000 funding")
F5 raises Rs 5 cr in pre-series A funding round led by Auxano Capital
F5 is building a hyper-local ecosystem around the daily workplace needs of the consumer
 "F5 raises Rs 5 cr in pre-series A funding round led by Auxano Capital")
Shift Freight plans to raise $20-30 mn by next fiscal; dilute 10-15% stake
The Noida-based startup currently has presence across 25 cities and carries out around 70 movements per day with majority of them being inter-city.
 "Shift Freight plans to raise $20-30 mn by next fiscal; dilute 10-15% stake")
Cloud kitchen startup Rebel Foods is 31st Indian unicorn, raises $175 mn
The Mumbai-based firm, which operates over 4,000 internet restaurants and has built over 45 brands across 10 countries, is now eyeing an IPO
 "Cloud kitchen startup Rebel Foods is 31st Indian unicorn, raises $175 mn")
Twin Health raises $140 mn in Series C round from Sequoia Capital, others
Funding will help the firm scale presence in India and US; firm uses IoT, AI and ML to solve chronic metabolic diseases, including type-2 diabetes
Crypto startup CoinSwitch Kuber is 30th Indian unicorn with $260 mn funding
It is also the second crypto unicorn in the country, with valuation crossing $1.9 bn after Series C round led by Andreessen Horowitz
 "Crypto startup CoinSwitch Kuber is 30th Indian unicorn with $260 mn funding")
Live video startup 100ms raises $4.5mn in seed round led by Accel
100ms provides infrastructure that allows companies to add Zoom-style video conferencing inside their apps.
 "Live video startup 100ms raises $4.5mn in seed round led by Accel")
Tekion raises $250mn in Series D funding round; valuation nearly triples
The round was led by Alkeon Capital and co-led by Durable Capital. Other investors include Hyundai Motor and several reputable dealer groups across the US
 "Tekion raises $250mn in Series D funding round; valuation nearly triples")
Progcap raises $30 mn in Series C funding led by Tiger Global, Creation
Progcap has raised $55 million in total since the last three months and is positioned as the largest fintech in the corporate-led retailer financing space in India
 "Progcap raises $30 mn in Series C funding led by Tiger Global, Creation")
Smartstaff raises $4.3 mn in seed funding from Blume Ventures and others
Smartstaff helps businesses hire and manage their blue collar workforce by digitising workforce management practices
 "Smartstaff raises $4.3 mn in seed funding from Blume Ventures and others")
Startup Loop Health raises $12 mn from Elevation Capital, Vinod Khosla
The health insurer has grown significantly, insuring over 50,000 members across 150 firms in the past 12 months and growing 50% month-over-month amid the pandemic
 "Startup Loop Health raises $12 mn from Elevation Capital, Vinod Khosla")
Live online tutoring startup Vedantu in unicorn club with $1 bn valuation
Vedantu has raised $100 mn in funding. The firm which is competing with Byju's, Unacademy, Simplilearn, UpGrad and Amazon Academy is also planning an IPO by 2024
 "Live online tutoring startup Vedantu in unicorn club with $1 bn valuation")
Acceldata raises $35mn in Series B funding led by Insight Partners
This funding will be used tor expand its capabilities across data quality, data pipeline monitoring, and system infrastructure
 "Acceldata raises $35mn in Series B funding led by Insight Partners")
CredAvenue raises $90 mn to scale up building infra to power debt markets
The funding round, led by Sequoia Capital India and co-led by Lightspeed, TVS Capital Funds and Lightrock, values the company at about $410 million
Vedantu is India's newest unicorn after $100-mn funding from ABC World
The Bangalore-based startup becomes the fifth Indian edtech unicorn after Byju's, Unacademy, UpGrad and Eruditus, and the third to reach the milestone this year.
 "Vedantu is India's newest unicorn after $100-mn funding from ABC World")
Cashbook raises $2.3mn in seed fund led by JAM, Better Tomorrow Ventures
Kunal Shah, Anupam Mittal and a host of other angel investors also participated in the round
 "Cashbook raises $2.3mn in seed fund led by JAM, Better Tomorrow Ventures")
The Money Club raises pre-series A funds led by SOSV and Venture Catalysts
Founded by IIT Kharagpur friends, The Money Club leverages AI to effectively underwrite high frequency, micro pooling of funds by studying user behaviour
