Page 15 - Fundings

Sewa International raises $30 million, airlifts medical equipment to India

An Indian-American non-profit body said it has raised more than USD 30 million towards its COVID-19 relief efforts in India and has airlifted a fresh lot of medical equipment to the country. Sewa International USA is procuring needed medical equipment like oxygen concentrators and shipping them to India, it said in a statement. Sewa said that a planeload of medical equipment have reached New Delhi marking yet another milestone in its efforts to supply much-needed medical equipment to India to help the country fight the COVID-19 pandemic. Sandeep Khadkekar, vice president, Marketing & Fund Development, Sewa International, said, "I consider it to be a great privilege to be present here as a Sewa International representative at the San Bernardino Airport on this occasion to send oxygen concentrators to India by air." For this, Sewa partnered with Another Joy Foundation to help in transporting lifesaving supplies to India. Since its inception, Another Joy Foundation has been involved .

SaaS platform Bookee raises pre-seed funding from Antler India, others

Founded in 2020 by Vistar Singh and Rajat Hans, Bookee is a complete business solution developed with the needs of fitness entrepreneurs at its core

Construction mgt app Powerplay raises $5.2 mn from Accel, Surge and others

Powerplay is a free mobile app that connects multiple stakeholders involved in construction, enabling them to communicate and collaborate more efficiently

Teachmint raises $20 million in funding round led by Learn Capital

Edtech platform Teachmint on Thursday said that it has raised USD 20 million (around Rs 149 crore) in a pre-series B round led by Learn Capital with participation from CM Ventures. The company plans to use the fresh funds on the development of live teaching technology as well as aid the enhancement of their product. "The funding will also fuel Teachmint's expansion into newer markets and the hiring of skilled talent," the company said in a statement. Teachmint provides a video-based teaching platform for teachers. In May 2021, Teachmint raised USD 16.5 million in series A funding led by Learn Capital with participation from CM Ventures, Lightspeed, and Better Capital. "It has been truly humbling to see the widespread adoption of Teachmint by teachers and students across India. With our platform usage growing 25 times over the last quarter, we are becoming the default teaching application in India and the largest live teaching platform globally, outside China," Teachmint co-founder

CRMNEXT raises $16 million from Avataar Ventures, Ascent Capital

Startup provides enterprise solutions for banks and financial services companies, has offices in 11 countries

150 year-old Allana Group invests $10 mn in Iron Pillar Fund II

The corpus would enable Iron Pillar portfolio companies to expand globally

How Zeta acquired Unicorn status in the very first round of funding

Enterprises typically reach the feat at series C or series D, or three to four funding rounds later

WinZO raises $65 mn in Series C round, led by Griffin Gaming Partners

Griffin is making its first-ever investment in India in WinZO

Licious raises $192 mn from Temasek, others at $650 mn valuation

Existing investors 3one4 Capital, Bertelsmann India Investments, Vertex Growth Fund, and Vertex Ventures Southeast Asia and India also participated in this round of fundraising.

CredR raises $6.5 million in its latest round led by Yamaha Motors

CredR has raised $6.5 million in its latest round led by Yamaha Motors, existing investors Omidyar Network India and Eight Roads Ventures, with participation from automotive focused Astarc Ventures

10club raises $40 mn in one of largest seed rounds in e-comm roll-up space

The funding round was co-led by Fireside Ventures and an international investor active in the space

NIRAMAI COVID screening solution receives funding from UK's CDC Group

NIRAMAI is an investee of Pi Ventures, a fund backed by CDC Group ("CDC", the UK's development finance institution and impact investor)

Fintech startup slice raises $20 mn from Gunosy, Blume Ventures and others

slice has also launched two new features, which, the firm said, makes the slice super card the best way for millennials and gen z to make payments.

Content startup Pratilipi raises Rs 20 cr in debt from Alteria Capital

Pratilipi has over 350,000 writers who have published over 4.5 million stories in 10 Indian languages including Hindi, Gujarati, Bengali, Marathi, Kannada, Urdu, and English among others.

WINDO raises $500,000 in seed round led by Unicorn India Ventures

WINDO, founded in 2020, by second-time entrepreneurs Silus Reddy Chintapalli, Rakesh Vaddadi, is an Instagram commerce-focused tech startup

GoMechanic secures $42mn in Series C funding round led by Tiger Global

Sequoia Capital India, Orios Venture Partners & Chiratae Ventures also participated in the round.

Kazam raises Rs 7 cr in seed round led by Inflection Point Ventures

In a short span of 5 months, Kazam has built the hardware & software tech for affordable and smart EV charging infrastructure

Tiger Global, Sequoia lead $25 mn round in financing startup Progcap

Founded by Pallavi Shrivastava and Himanshu Chandra, Progcap has over 300,000 retailers across 50 corporates and has disbursed over Rs 1,500 crore of loans so far

Home fitness startup Portl raises undisclosed amount from Kalaari Capital

Company say it has developed proprietary tool for personalised workouts, nutrition advice.

Vishal Sikka's Vianai raises $140 mn from SoftBank Vision Fund, others

The two year-old startup will use the funding to accelerate the delivery of its human-centered AI platform and products to enterprises worldwide.