Page 15 - Startup

WeRize raises $8mn in Series A led by 3one4 Capital, Picus and others

WeRize is a full stack provider, developing and distributing a wide range of customised credit, group insurance and savings products for 100 mn homes and 300 mn individuals in 4,000-plus small towns

Vahdam raises Rs 174 cr from IIFL AMC, Kris Gopalkrishnan's family office

The company, which sells teas, spices and superfoods to the US, Canada and Europe, has raised a total of over Rs 290 crore so far

Online retail platform Dukaan raises $11 mn in pre-series A round

The round was led by 640 Oxford Ventures, with participation from existing investors Snow Leopard Ventures, Lightspeed Partners, and Matrix Partners India

Cross-border sourcing tech startup Geniemode raises $2.25 mn seed funding

It is an end-to-end e-commerce platform to make global sourcing more efficient, convenient across fragmented, tech-strapped supply chains in furniture, home furnishing, fashion.

Geniemode raises $2.25 mn in seed funding round led by Info Edge Ventures

The platform ensures order visibility at each step, adherence to strict global quality checks and managing end-to-end supply chain for the buyer thus becoming a one-stop shop for them.

E-learning platform Vidyakul raises $500,000 led by We Founder Circle

Vidyakul is aimed at providing after-school e-learning for the state board students in vernacular languages

Kochi based startup Avodha offers courses in vernacular languages

Through Avodha, student pays a small amount upfront which is roughly one-fourth of the overall fees and remainder is paid after student gets a job related to course they have studied

Startup Sugar.fit, which aims to reverse diabetes, to raise $10 million

Health and fitness firm Cure.fit and two others to invest the funds in a deal likely to by September

Mobile commerce startup Bikayi raises $10.8 mn funding round led by Sequoia

Set up in 2019, Bikayi helps SMBs scale up on digital platforms, enabling them to reach out to a wider audience base

Startup Udaan files complaint before CCI against biscuit maker Parle

Says biscuit maker has refused to directly supply its products

IsGoingOnline raises Rs 1.5 cr in pre-Series A led by Artha Venture Fund

Unicorn India Ventures, SEA Fund, and Brookfield Asset Management's former Managing Partner Devdatt Shah, also participated in the round

Govt launches SAMRIDH scheme to help startups in their initial phase

SAMRIDH will create a conducive platform for Indian software product startups to enhance their products and secure investments for scaling their business

Breathe Well-being raises $5.5 mn in Series A round led by Accel

This round saw the exit of angel investors who have received a 30X exit and early employees being rewarded with ESOPs encashment

Smytten raises $6 mn in Series A funding led by Fireside Ventures

With more than 5 million users, Smytten is one of the largest direct-to-consumer sampling platforms in India

AppsForBharat raises $4 mn in seed fund from Sequoia Capital and BEENEXT

The round also saw participation from WEH Ventures. The funds will primarily be used for product development and hiring tech talent

Probus Smart Things raises $500,000 led by Unicorn India Ventures

Probus develops integrated hardware and software solutions for utility providers and helps digitise their distribution grid

Maximl eyes global expansion to 20 countries, plans to raise over $10 mn

Firm says it is India's first connected worker platform for deskless workers, has expanded the past two years; clientele includes Tata Steel, RIL, BPCL and HPCL

Location-tech firm Locale.ai raises $1.3 mn from Chiratae, Better Capital

Locale.ai works with customers like Bounce, Dunzo and Omni, a Costa Rican taxi firm, to deliver insights and analytics on their location data.

Emeritus' value tops $3.2 bn with $650 mn funding from SoftBank, Accel

Capital would help the edtech startup create new products and industry verticals, expand its business serving govts and enterprises, double down on new geographies and fund acquisitions

SaaS startup Everstage raises $1.7 mn seed funding led by 3one4 Capital

Everstage helps companies drive performance of their customer-facing teams through its no-code sales commission automation platform. Some of the early customers include SaaS unicorns