Page 6 - Fundings

Gig work platform Awign raises $15 mn in funding round for expansion

Start-up assists enterprises in hiring high-skill talent on contract and manage such employees

Startups increasingly raising venture debt as investors fear funding winter

Most investors are more cautious in deploying capital towards growth businesses, especially in late-stage startup investments, which are key drivers in a funding cycle

SaaS solutions provider RevSure.AI raises $3.5 mn in seed funding

The investment was led by Innovation Endeavors, with participation from angel investors

Edtech start-up Sunstone raises $35 million from WestBridge Capital, others

Founded by Ashish Munjal and Piyush Nangru in 2019, Sunstone had raised USD 28 million in Series B in October 2021

CoinSwitch launches $10 mn fund to support start-ups, blockchain tech

Web3 Discovery will give entrepreneurs access to investors like Tiger Global, Ribbit Capital, Coinbase Ventures

SaaS company CleverTap Raises $105 mn in funding round led by CDPQ

It runs a cloud service that helps digital brands to increase customer retention

SaaS start-up SquadStack raises Rs 140 cr in Series B funding for expansion

The SaaS-enabled talent marketplace will use the Series B round fund to strengthen its team, increase its sales experts base and expand into new verticals

Wealth management platform Dezerv raises $21mn in series A led by Accel

Dezerv was founded in 2021 by Sandeep Jethwani, Vaibhav Porwal and Sahil Contractor and so far seen more than Rs 800 crore invested through the platform

Higher edtech platform upGrad raises Rs 1,670 cr despite funding winter

At a time when the Indian edtech companies are busy sacking employees amid the ongoing funding winter, upGrad said it has raised $210 million (about Rs 1,670 crore)

Engineering company Fabrication Bazar raises Rs 7 cr in seed round

Fabrication Bazar, which was founded in 2016 by Dwaipayan Dutta and Mohit Garg, has developed a cloud fabrication and tracking platform for manufacturing

EV firm River gets $11 mn in funding to set up manufacturing plant

Uber and Twitter investor Chris Sacca's fund backs Bengaluru-based company preparing its first electric scooter

PriceLabs raises $30 mn from Summit Partners, plans to accelerate hiring

PriceLabs was founded in 2014 to bring Artificial intelligence (AI) and analytical tools to owners and managers of vacation homes and short-term rentals

Travel technology firm Spotnana raises $75 mn in Series B funding round

Spotnana said the Series B funding will help it in hiring and promoting its Travel-as-a-Service Platform

Edtech startup Creative Galileo raises $7.5 million in Series A funding

The latest round brings Creative Galileo's total funding to $10 million, including a pre-series A round of $ 2.5 million announced in October 2021

Indian tech startups raise $6 billion in April-June quarter, Fintech rules

Number of deals dropped by 17% sequentially, more than half were larger than $100 million each

Negative interest rate and financial repression

Investments drive growth but how will investors get funds if the savings pile shrinks with no incentive to save in a negative interest rate regime?

UK's BII, M&M to invest $500 million in new EV entity valued at $9 billion

The total capital infusion for the EV Co. is envisaged to be approximately Rs 8,000 cr/$1 billion between FY24 and FY27

Indian startups raised $6.9bn in the June quarter, down 33% sequentially

They raised $6.9 bn in Q2CY22 against $10.3 billion raised in Q1CY22; funding winter is a result of the market slowdown

Public funding, govt aid help Gujarat keep lead in DPIIT Startup Rankings

Incubators and startups in Gujarat say the state government forms more than 80 per cent of funding and market support and private capital is lacking

Fintech startup Finvu AA raises $2.5 million in seed funding for expansion

Finvu AA will use the fresh funds to expand the team in engineering, and business development and enhance its product offerings