Page 19 - Funding
Biz2Credit to hire 150 new staff by 2021-end as it strengthens tech team
Biz2Credit is the company behind Biz2X, a global SaaS platform that enables financial institutions to provide customised online lending experience for MSMEs
 "Biz2Credit to hire 150 new staff by 2021-end as it strengthens tech team")
Stem cell bank LifeCell secures Rs 255 cr from its founders and Orbimed
LifeCell is looking to further leverage its technological expertise to enter new categories like fertility health and cell-based therapeutics
 "Stem cell bank LifeCell secures Rs 255 cr from its founders and Orbimed")
Legal platform Legistify raises $500,000 in round led by Titan Capital
Indiamart, GSF Accelerator, Java Capital also participate in pre-Series A funding; early investors make a partial exit with 5x cash payout
 "Legal platform Legistify raises $500,000 in round led by Titan Capital")
FloBiz raises $31 mn in Series B round led by Sequoia, Think Investments
Existing investors Elevation Capital and Beenext also participate along with host of angels
Tiger Global leads $35 mn funding in AI semiconductor company Deep Vision
Deep Vision's AI processor helps provide camera-based applications like smart retail, driver-monitoring systems, smart city, drones, and factory automation
Fintech startup Paytail raises $1.5 mn seed from Cholamandalam, others
Along with Cholamandalam, Paytail is committed to building a network of other large financial institutions to cater to the pre-approved loan offers for consumers
Two Tamil Nadu angel networks join hands to fund startups in the state
Both networks will coordinate and plan common pitch sessions on a case-by-case basis, will also support startups in select activities
 "Two Tamil Nadu angel networks join hands to fund startups in the state")
B2B edtech Eupheus Learning raises $10 mn in Series C from Lightrock India
Eupheus will use the funds to scale faster, pursue inorganic growth via acquisitions. It aims to democratise access to 21st Century learning solutions to school students
Google, 3one4 Capital, and Temasek invest Rs 453 cr in neo-bank Open
Existing investor Tiger Global also participates in Series C round; Open claims to be one of the country's largest SME banking platforms; last Feb it had processed $11 bn in transactions
Ronnie Screwvala's Unilazer leads $10 mn funding round in Lido Learning
The company plans to use this new round of capital to fuel its aggressive expansion plans in India as well as abroad
 "Ronnie Screwvala's Unilazer leads $10 mn funding round in Lido Learning")
Teen career accelerator Clever Harvey raises $1.5 mn in pre-series A round
The funding was led by TechNova Ventures, Tom Varkey and Multiply Ventures, with participation from existing investor, Education Catalyst Fund
 "Teen career accelerator Clever Harvey raises $1.5 mn in pre-series A round")
WeRize raises $8mn in Series A led by 3one4 Capital, Picus and others
WeRize is a full stack provider, developing and distributing a wide range of customised credit, group insurance and savings products for 100 mn homes and 300 mn individuals in 4,000-plus small towns
 "WeRize raises $8mn in Series A led by 3one4 Capital, Picus and others")
Vahdam raises Rs 174 cr from IIFL AMC, Kris Gopalkrishnan's family office
The company, which sells teas, spices and superfoods to the US, Canada and Europe, has raised a total of over Rs 290 crore so far
 "Vahdam raises Rs 174 cr from IIFL AMC, Kris Gopalkrishnan's family office")
Biddano raises funding to build India's largest healthcare supply chain
The new funding will enable Biddano to fulfill strong market demand for its supply chain platform by investing in product, engineering and go-to-market teams.
 "Biddano raises funding to build India's largest healthcare supply chain")
Invest-tech platform dezrve. raises $7 million in seed funding round
The seed funding round was co-led by Elevation Capital and Matrix Partners India, with participation from investors such as Whiteboard Capital and Blume Founders Fund
 "Invest-tech platform dezrve. raises $7 million in seed funding round")
Village commerce tech startup 1Bridge raises $2.5 mn in fresh funding round
The funding was led by Netherlands-based impact investor C4D Partners, an early investor for the last 4 years
 "Village commerce tech startup 1Bridge raises $2.5 mn in fresh funding round")
T+1 will make India a pre-funding market for FPIs, says Asifma
Moving to a T+1 settlement would necessitate booking foreign exchange on T day or T-1 for local custodians
 "T+1 will make India a pre-funding market for FPIs, says Asifma")
VC firm Prime announces 4th fund of $100 mn with first close of $75 mn
The firm also expects to focus on new areas such as decentralised finance (DeFi)/crypto, electric vehicle and gaming infrastructure platforms
 "VC firm Prime announces 4th fund of $100 mn with first close of $75 mn")
Zetwerk joins unicorn club after raising $150-million in Series E funding
This is the second fundraise for the Bengaluru-based company in 2021
 "Zetwerk joins unicorn club after raising $150-million in Series E funding")
Location-tech firm Locale.ai raises $1.3 mn from Chiratae, Better Capital
Locale.ai works with customers like Bounce, Dunzo and Omni, a Costa Rican taxi firm, to deliver insights and analytics on their location data.
 "Location-tech firm Locale.ai raises $1.3 mn from Chiratae, Better Capital")
