Page 5 - Funding
e-con Systems opens new site in Bengaluru, eyes $10 million funding
e-con Systems plans to ramp up employee base by 50%, with focus on salesforce and R&D personnel
 "e-con Systems opens new site in Bengaluru, eyes $10 million funding")
Insurtech startup Ensuredit raises $4.2 mn from Cover Genius, others
Insurtech startup Ensuredit has raised USD 4.2 million (about Rs 33 crore) in a Pre-Series-A round led by Cover Genius, 9Unicorns, NexStep Discovery, CP Ventures, Venture Catalysts and IPV
 "Insurtech startup Ensuredit raises $4.2 mn from Cover Genius, others")
Fund-raising drive on track, majority of the $800 mn received, says Byju's
The firm said its payments to education firm Aakash for a $1-billion deal struck last year have concluded and the audited financial results will be out in 10 days
 "Fund-raising drive on track, majority of the $800 mn received, says Byju's")
Retail tech firm Arzooo raises $70 mn in Series B led by Japan's SBI group
Existing investors Celesta Capital and 3 Lines VC also participated in this round, along with Trifecta Leaders Fund and Tony Xu, the Founder of Doordash
Share of Casa in total bank deposits rose to 44.8% in March 2022: RBI data
Seven states accounted for 63.3% of overall deposits; share of female holdings in incremental deposits more than doubled
 "Share of Casa in total bank deposits rose to 44.8% in March 2022: RBI data")
Solv raises $40 million in funding round led by Japan's SBI Holdings
Solv, a marketplace for small businesses, on Monday said it has raised USD 40 million (about Rs 310 crore) in funding led by Japan's SBI Holdings
 "Solv raises $40 million in funding round led by Japan's SBI Holdings")
Tech startup Matter raises $10 mn to scale up e-mobility, energy storage
Info Edge-backed technology fund Capital 2B, Climate Angel Fund lead investors in Matter's first external round of funding
Foreign study co Leap raises $75 mn in Series D, total funding tops $150 mn
Round led by Owl Ventures with participation from Steadview Capital and Paramark Ventures, and existing investors Jungle Ventures and Sequoia
 "Foreign study co Leap raises $75 mn in Series D, total funding tops $150 mn")
Second-sale realty broker Settlin raises $1 mn in pre-series A round
Powerhouse Ventures, Rajesh Sawhney-founded GSF Fund, and Bharat Matrimony founder among investors; funds to be used for expanding within Bengaluru
ShareChat's valuation crosses $5 bn after closing $520 mn funding round
Social media company raises $255 mn from Google, Times Group and existing investors
 "ShareChat's valuation crosses $5 bn after closing $520 mn funding round")
Blockchain infra automation platform Zeeve raises $2.65 mn in seed round
Funding led by Leo Capital and Blu Ventures, proceeds to be used to bolster product development, augment tech team and enhance reach among DApp developers and global corporations
Mobile-based PoS app QueueBuster raises Rs 63.3 cr in series A round
Funding led by Chiratae Ventures, Omidyar Network India and Flourish Ventures
Exprto raises Rs 5 crore in seed funding from GSF, Angel List US, others
Funds raised by the education technology startup will be used to improve overall product service, accelerate growth and build new technologies, the company informed.
 "Exprto raises Rs 5 crore in seed funding from GSF, Angel List US, others")
Beauty start-up Purplle raises $33 mn in funding, gets unicorn status
It is the second Indian startup this week to be valued at more than $1 billion, after edtech firm Physics Wallah.
 "Beauty start-up Purplle raises $33 mn in funding, gets unicorn status")
Cred raises $80 mn in funding led by GIC at $6.4-bn valuation: Report
The existing investors Tiger Global, Sofina Ventures, Alpha Wave Ventures and DF International also participated in the funding round, said a news report
 "Cred raises $80 mn in funding led by GIC at $6.4-bn valuation: Report")
Shriram Transport Finance secures $250 mn funding from US govt's DFC
The company will use the money as part of its social finance framework to create employment and to give loans to small businesses
 "Shriram Transport Finance secures $250 mn funding from US govt's DFC")
Fish and meat startup FreshR raises $1.2 million in new funding round
Fish and meat distribution startup FreshR has raised USD 1.2 million (Rs 9.33 crore) in a funding round led by Axilor Ventures and 1crowd, a release said on Thursday.
 "Fish and meat startup FreshR raises $1.2 million in new funding round")
Bain Capital raises $2 billion in biggest Asia special situation pool
Bain Capital LP raised $2 billion for its second special situations fund, giving it the biggest pool of capital focusing on complex and structured credit and equity investments in Asia-Pacific
 "Bain Capital raises $2 billion in biggest Asia special situation pool")
BigBasket raises Rs 350 cr from holding firm as it takes on competitors
The online grocer plans to expand its footprint to 70 cities this fiscal year, from about 37 now.
 "BigBasket raises Rs 350 cr from holding firm as it takes on competitors")
Alternative data insights startup Synaptic raises $20 mn from Valor
Synaptic is used by leading venture capital and private equity firms, Hedge Funds, and Asset Managers globally with combined assets of several hundred billion dollars
 "Alternative data insights startup Synaptic raises $20 mn from Valor")
