Page 6 - Funding
StrideOne raises Rs 250 cr to help startups meet financing needs
Financial services platform for startups StrideOne on Tuesday said it has raised Rs 250 crore via a mix of equity (led by Elevar Equity) and debt from banks.
 "StrideOne raises Rs 250 cr to help startups meet financing needs")
SUGAR Cosmetics closes $50 million series D funding led by L Catterton
L Catterton has significant experience investing globally in the beauty and personal care space
 "SUGAR Cosmetics closes $50 million series D funding led by L Catterton")
Google backs India's ShareChat in $300 mn funding round at $5 bn valuation
ShareChat counts Twitter and Snap as investors and if the bid by Tesla CEO Elon Musk to buy Twitter goes through, Musk will have potentially a stake of between 6% and 8% in ShareChat
 "Google backs India's ShareChat in $300 mn funding round at $5 bn valuation")
Design operations platform Cubyts gets seed funding of $1.8 million
Cubyts' key offerings include deploying team-wide design processes and enable teams to confidently run design projects
Mohalla Tech's valuation may cross $5 billion after raising $300 million
The parent company behind short-video platform Moj and regional social network ShareChat, is in the process of raising about $300 million in fresh funding from Alphabet Inc's Google and Singapore's Te
Riverwalk Holdings launches Rs 150 cr fund for investing in Indian startups
Venture capital fund Riverwalk Holdings has launched a Rs 150 crore-fund that will focus on early-stage funding of startups in India. The fund is anchored by the Singapore-based Thakral Group and has been backed by leading business houses across India and Singapore. "The lifecycle of a startup has its ups and downs and we are committed to being supportive throughout the journey. We are grateful to have like-minded investors who also share our investment philosophy," Riverwalk Holdings Founding Partner Satveer Singh Thakral said in a statement on Thursday. Riverwalk has a sector agnostic investment approach with preferred sectors such as Enterprise SaaS, Fintech and Consumer-tech and Consumer brands. The fund will invest up to Rs 10 crore per startup, and has already made four investments.
 "Riverwalk Holdings launches Rs 150 cr fund for investing in Indian startups")
Agritech startup Nutrifresh raises $5 mn to scale up chemical-free farm ops
Co-founded by two Agripreneurs, Nutrifresh aims to provide consistent pesticide-free hydroponic produce that is nutrient-rich for the Indian consumer
 "Agritech startup Nutrifresh raises $5 mn to scale up chemical-free farm ops")
Funding may dry up for next 12-18 months: Unacademy CEO tells employees
Travel only if it is absolutely needed and meetings that can happen on Zoom should happen on Zoom, Gaurav Munjal tells employees
 "Funding may dry up for next 12-18 months: Unacademy CEO tells employees")
Music NFT marketplace FanTiger raises $5.5 mn from Multicon capital, others
FanTiger empowers independent artists to build fan communities on the platform and enable fans to help shape their career using music NFTs
Three Wheels United raises $10 mn to increase financing for EV 3-wheelers
TWU has previously raised funding from Asian Development Bank Ventures, Techstars, Microsoft, and investors from the Middle East, Europe, and US
 "Three Wheels United raises $10 mn to increase financing for EV 3-wheelers")
Emiza Supply Chain raises Rs 38 cr in funding round led by JM Financial
Emiza Supply Chain Services has raised Rs 37.5 crore in a funding round led by JM Financial Private Equity
 "Emiza Supply Chain raises Rs 38 cr in funding round led by JM Financial")
Grasim to raise up to Rs 2,000 cr via debentures to fund capex programme
Grasim has lined up investment for foray into decorative paints with project cost estimated at Rs 10,000 crore by FY25
 "Grasim to raise up to Rs 2,000 cr via debentures to fund capex programme")
Country Delight raises $108mn in series D led by Venturi Partners & Temasek
Founded in 2013, the company delivers dairy, fruits, and vegetables to the doorstep of consumers.
 "Country Delight raises $108mn in series D led by Venturi Partners & Temasek")
WSO2 completes $93 mn series E funding with investment from Info Edge
WSO2, with more than 800 customers in over 90 countries, has already established a strong presence in India
Ride-hailing service BluSmart closes Series A1 funding round, raises $25 mn
This is a follow-up to the series A round that closed in September 2021, bringing the total of BluSmart Series A investment to a significant $50.7 million
 "Ride-hailing service BluSmart closes Series A1 funding round, raises $25 mn")
Self-driving vehicle start-up Minus Zero raises $1.7mn in seed fund
The company plans the public launch of its first Autonomous vehicle use-case in late 2022 to early 2023.
 "Self-driving vehicle start-up Minus Zero raises $1.7mn in seed fund")
1K Kirana raises $25 mn, aims to serve over 10 mn consumers in 12 months
Hyperlocal shopping and distribution network says it will use the financing for improving its technology and expanding team.
Centre bats for sharing research infrastructure, incentivising funding
Researchers from smaller cities will soon be able to access expensive research infrastructure at state-funded institutions as the Centre has released guidelines for sharing
ZincSearch raises $3.6 mn in seed funding led by Nexus Venture Partners
ZincSearch has amassed more than 7,900 GitHub stars in just five months, making it one of the fastest-growing open source enterprise projects of the last 12-months.
BlissClub raises $18 mn in funding led by Eight Roads, Elevation Capital
BlissClub has seen 25X growth in just 10 months, having gone from raising a seed round in May 2021 to current Series A in less than a year
 "BlissClub raises $18 mn in funding led by Eight Roads, Elevation Capital")
