Page 16 - Fundings

InMobi's Glance enters influencer-led shopping with Shop101 acquisition

This is the first major deployment of the funds raised in Dec, when Glance became a unicorn with Google's backing

IPV leads early-stage investment in FMCG distribution platform Dropshop

The startup is a full-stack platform for FMCG companies to digitise their last-mile distribution such as sales, logistics and credit to retailers.

Baba Ramdev's Ruchi Soya files FPO document to raise up to Rs 4,300 cr

Edible oil firm Ruchi Soya, which is owned by Baba Ramdev-led Patanjali Ayurveda, has filed draft document with SEBI to launch a follow-on public offer (FPO) for raising up to Rs 4,300 crore.

Cuemath eyes 30 new markets in FY22; another funding round likely this year

Online math learning platform Cuemath looks to venture in 30 new markets, and is keen to go for another, bigger round of funding later this year to support its expansion according to its founder.

Swedish startup Klarna raises funds from SoftBank at $45.6 bn valuation

Klarna in March raised $1 billion at a valuation of $31 billion, tripling its price from a previous round in September.

Waterfield Advisors raises Rs 200 cr on first close of Rs 500-cr fund

The first close saw commitments from single-family offices and ultra-high net worth (UHNW) individuals.

Wellness startup Pee Safe raises Rs 25 cr for R&D, product launches

The brand is also looking at raising Series B funding later this year.

Fintech firm Capital Float raises Rs 50 cr debt funding from Triodos IM

Fintech firm Capital Float on Wednesday said it has raised Rs 50 crore in debt for a period of three years from Triodos Microfinance Fund and Triodos Fair Share Fund

Baggage delivery firm CarterX raises funds from Venture Catalysts

On-demand baggage delivery platform CarterX on Friday said it has secured an undisclosed seed-round from Venture Catalysts

Urban Company crosses $2.1 bn valuation, plans international expansion

Home services startup plans to go to 100 more Indian cities after raising $255 million in funding

Rural fintech startup Jai Kisan raises $30 mn in funding from Mirae Asset

Rural fintech startup Jai Kisan on Monday said it has raised USD 30 million (about Rs 217 crore) in a combination of equity and debt funding led by Mirae Asset

Insurance startup Plum raises $15.6 mn Series A funding led by Tiger Global

Group health insurance startup Plum said on Monday it has raised a USD 15.6 million Series A led by Tiger Global with participation from earlier investors Sequoia Capital India's Surge, Tanglin Venture Partners, Incubate Fund and Gemba Capital. Angel investors in this round include Kunal Shah (founder, Cred), Gaurav Munjal, Roman Saini and Hemesh Singh (founders of Unacademy), Lalit Keshre, Harsh Jain and Ishan Bansal (founders of Groww), Ramakant Sharma & Anuj Srivastava (founders of Livspace), and Douglas Feirstein (founder of Hired). Bengaluru-headquartered Plum raised USD five million in earlier rounds last year. With over 600 organisations on-boarded, Plum said in a statement it has been witnessing a growth rate of 110 per cent quarter-on-quarter. Its client base includes SMEs, corporates and 'fast- growing' startups in India, including Groww, Unacademy, Twilio, CleverTap, UrbanLadder, smallcase and Simpl, the statement said. The funds raised will be used to ..

Logistics firm Delhivery raises $277 million, now valued at $3 billion

Delhivery has reportedly raised $277 million in its latest round of funding, taking its market valuation to nearly $3 billion

FanCode raises $50 mn from Dream Sports, plans 100 million user base

The company said it has live-streamed nearly 30,000 hours of sports content and aims to have a user base of 100 million in a year

Essar Oil UK raises $850 mn from diverse sources to retire earlier loans

With this, the firm has more low-cost liquidity to meet upcoming needs, can focus on its transition to become a low-carbon energy provider" with greater vigour

SK Corp to invest tens of billions of shares in US hydrogen firm Monolith

SK Corp, the holding company of SK Group, has decided to invest tens of billions of won worth of shares in Monolith, an American hydrogen company, and plans to sign a contract within this month

The start, not the end, of Unicorn seeding

Conditions are ripe in a broad range of sectors for strong growth and innovation

Chargebee's valuation triples to $1.4 bn in 6 months, raises $125 mn

The global pandemic has accelerated the already growing shift to SaaS (software-as-a-service) and subscription-based business models from cars to coffee providers

Lo! Foods raises $1mn in pre-series A funding led by Chona Family Office

Bengaluru-based Lo! Foods on Friday said it has raised USD 1 million (about Rs 7.4 crore) in funding, led by the Chona Family Office, the erstwhile promoters of Havmor Ice Cream. The pre-series A round also saw participation from Ecosystem Ventures, Raveen Sastry (Co-Founder, Multiply Ventures), KRS Jamwal, Pratyush Prasanna (Gojek) among others, a statement said. The funds will be used towards accelerating growth, strengthening existing distribution networks and ramping up marketing, it added. Started in 2019 by Sudarshan Gangrade, Lo! Foods offers low-carb and Keto-friendly packaged products. It also has also ramped up to 20 cloud kitchens across Bengaluru, Delhi, Gurugram and Hyderabad that offer fresh low-carb food on demand through food delivery apps. * * * * AnKa SumMor raises Rs 3 cr funding led by Inflection Point Ventures * AnKa SumMor, a Sales and Distribution (S&D) platform for the FMCG sector, on Friday said it has raised Rs 3 crore in funding, led by Inflection ...

Online used car retailing platform Spinny raises $65 mn in funding round

Spinny, an online platform for selling pre-owned cars, has raised $65 million in a funding round, led by Silicon Valley-based venture capital firm General Catalyst