Page 7 - Funding

Byju's raises over Rs 363 cr in funding from Maitri Edtech, IIFL's PE fund

Byju's is estimated to have raised about $2.3 billion in funding so far with valuation touching $16.5 billion.

B2B platform Fashinza raises $100 mn in funding led by Prosus, Westbridge

Fashinza will utilize the funds towards creating a sustainable supply chain for the global fashion industry and in expanding the company's presence globally.

ParallelDots raises $4.5 mn in Series A round led by Btomorrow Ventures

Firm will use proceeds for product innovations leveraging evolving technology, and harness the power of AI to help CPG makers grow and navigate digital disruption better

Fintech firm BharatX raises $4.5mn in seed round to expand business

The company works with brands and websites to provide a credit feature in their apps to serve customers.

ApnaKlub raises $10 mn in series A funding round from Tiger Global

ApnaKlub allows anyone with a smartphone and an entrepreneurial drive to earn supplemental income by aggregating demand and supplying FMCG goods to retail (kirana) stores in their local community

E-commerce enablement platform GoKwik raises $35 mn for expansion

E-commerce enablement platform GoKwik said it has raised $35 million led by Think Investments and RTP Global, and will use the funds to work on tech solutions for large marketplaces

Upskilling platform Josh Talks raises $3.5 mn from Ankur Capital, others

The firm previously raised $1.5 mn from the New York-based Media Development Investment Fund (MDIF)

ForeignAdmits raises Rs 3.26 crore from Unicorn India Ventures, others

This is the second investment by UIV in Foreign Admits. It had raised a seed round from Unicorn India recently, taking total fundraise to over $1 million

Dr Agarwal's Health Care raises over Rs 1,000 cr from TPG Growth, Temasek

Dr Agarwal's Group of Eye Hospitals has added more than 60 units to its network in the past five years alone

UK to allocate additional $1.6 billion funding in aid to Ukraine: Reports

The funds will be taken from the Treasury's emergency reserves and will come in addition to the United Kingdom's existing 1.5 billion-pound support to Ukraine, The Sunday Timessaid on Sunday

Redcliffe Lifetech raises $61 mn for expansion; LeapFrog Investments leads

The funding to Redcliffe Lifetech would help the diagnostic platforms to expand access to affordable, high-quality diagnostic tests across India, especially in tier 2, 3, and 4 cities

Musk secures over $7 bn funding from investors for Twitter takeover

The move comes as Musk's margin loan was reduced to $6.25 billion from $12.5 billion announced earlier, according to the filing.

Traceable AI raises $60 mn in series B at at $450 mn-plus valuation

The investment round was led by IVP and other investors include Tiger Global and existing investors Unusual Ventures and BIG Labs

A century in style: Fintech firm Open becomes India's 100th unicorn

The countdown for 100 unicorns had begun early in the year itself but the Russian attack on Ukraine had paused the startups' rush to touch the $1-billion valuation

Securonix gets investments from Capital One, Wipro Ventures and others

Over the past 12 months, Securonix claims to have grown its SaaS (Software-as-a-Service) business by more than 100 per cent.

Chiratae Ventures plans to raise $600 million to bet on tech: Report

Chiratae has already invested $950 million in companies over the last 15 years

Geniemode raises $28 mn in Series B from Tiger Global, Info Edge Ventures

Founded in May 2021, Geniemode works with buyers and manufacturers of furniture, home textiles, apparel, others to streamline and take control of end-to-end supply chain, from design to delivery

Drone maker ideaForge raises $20 mn in Series B from Florintree, Infosys

Qualcomm, Infina and Exim Bank also participated in the funding round for company that serves Indian security forces

TravClan closes Pre-Series-A round of $4.7 mn led by Hashed Emergent

The company's target is to grow to $500 million GMV run rate with more than 300 employees by the end of FY23

School fees-focused fintech app Zenda raises $9.4 mn in seed round

Using Zenda, families can track dues and make payments through a multitude of pay-now and pay-later options, and unlock rewards for paying on time