Page 22 - Funding

Indian Bank, IISc-run society join hands to fund start-ups and MSME

Society for Innovation and Development (SID) will identify start-ups and MSMEs based on their credentials and refer the list of such members that require financial assistance to the bank

Pepperfry secures Rs 35 crore in fresh funding from InnoVen Capital

This is the third investment by InnoVen Capital in Pepperfry since 2017

Indian impact cos see fall in investments in 2020 amid pandemic: Report

Indian impact enterprises, which have a positive effect on society, received $2.6 billion in equity investments from dedicated investors in 2020

BharatPe raises Rs 786 crore in Series D funding at Rs 6,552 cr valuation

The company has raised $90 million (over 655 crore) in primary fund raise, and ensured secondary exit for its angel investors and employees for a total amount of $18 million (nearly Rs 131 crore)

Blackstone-backed dating app Bumble raises $2.2 billion in US IPO

The IPO gave the Austin, Texas-based company a market capitalization of more than $7 billion

Manufacturing startup Zetwerk raises $120 mn to scale global operations

Its global network includes over 250 customers and more than 2,000 suppliers spread across 15 countries in North America, Asia-Pacific and West Asia

Falling cash flow: AirAsia Group to raise $113 mn via private placement

AirAsia said it will continue to explore other fundraising options or corporate proposals to improve the group's financial performance in the longer term

SucSEED Indovation announces first closure of maiden Rs 100 cr fund

Indovation Fund has identified three startups Stargate, Auris, and Freestand for investment and has signed term sheets

Embassy Reit raises Rs 3,680 cr to fund acquisition of Embassy Tech Village

Listed in April 2019, Embassy Reit owns and operates a 33.3 million square feet portfolio

Fintech major PhonePe receives Rs 150 crore capital infusion: Report

PhonePe Pvt Ltd, Singapore (formerly Flipkart Payments Pvt Ltd) was allotted 198,755 shares

Electric aircraft builder ePlane Company raises undisclosed seed funding

The IIT-incubated start-up is likely to give product demonstrations by 2021

Unacademy's valuation tops $2 bn with funding from Tiger Global, Dragoneer

The latest fundraise follows funding round in September when the company raised an investment of $150 million in a round led by SoftBank Vision Fund 2 at a $1.45 billion valuation

Newest unicorn in town: Cars24 raises $200 mn in Series-E funding

The company was valued at over $1 bn in the funding round led by DST Global

IRB Infra InvIT completes second fund raising round by securing Rs 510 cr

IRB will continue to hold 51% and GIC affiliates will continue to hold a 49% stake in the IRB Infrastructure Trust

Bengaluru-based FreshToHome raises $121 million in series C funding

Bengaluru-based brand in fresh fish and meat e-commerce, FreshToHome, announced it has raised $121 million in Series C funding led by ICD,Investcorp, Ascent Capital, DFC, the Allana Group and others

Edelweiss alt investment arm raises $900 mn in largest funding this year

Investors include Ontario Teachers' Pension Plan Board, Florida's State Board of Administration, Swedish Pension Fund - AP4 and a European insurance investor

Miko gets Rs 23 cr funding from Stride Ventures, Chiratae Ventures, others

Stride Ventures on Monday said it has led an investment round of Rs 23 crore in Miko, an India-born robotics firm

ACKO raises $60 million from Munich Re and other existing investors

The digital insurance company had raised around $36 million last year from Binny Bansal and Ascent Capital

9Unicorns makes first close of Rs 100 cr for its new fund for start-ups

The fund intends to offer $100,000 for 5-7% equity per start-up

LEAD School raises Rs 210 cr for transforming schools in small towns

Series C funding round led by Westbridge Capital with participation from existing investor Elevar Equity