Page 115 - Start Ups
Esper raises $60 million in Series C funding led by Insight Partners
The investment brings Esper's total funding to $100 million and follows the company's $30 million Series B just four months ago in May 2021
 "Esper raises $60 million in Series C funding led by Insight Partners")
The Fuel Delivery plans to raise $4-5 million via Series-A funding
The Fuel Delivery is looking to raise $4-5 million through Series-A funding to expand the business to newer markets.
 "The Fuel Delivery plans to raise $4-5 million via Series-A funding")
Startup Loop Health raises $12 mn from Elevation Capital, Vinod Khosla
The health insurer has grown significantly, insuring over 50,000 members across 150 firms in the past 12 months and growing 50% month-over-month amid the pandemic
 "Startup Loop Health raises $12 mn from Elevation Capital, Vinod Khosla")
BP leads $25 mn funding round in EV ride-hailing start-up BluSmart
BP Ventures has made its first direct investment in India by pumping in USD 13 million in integrated EV ride-hailing and charging company BluSmart.
 "BP leads $25 mn funding round in EV ride-hailing start-up BluSmart")
InnoVen Capital announces first close of new fund at Rs 740 crore
The first close was done with anchor investor Innoven Capital Pte Ltd, a joint venture between Seviora (a wholly-owned subsidiary of Temasek) and United Overseas Bank
 "InnoVen Capital announces first close of new fund at Rs 740 crore")
Will Superior Voting Rights boost domestic listing of tech startups?
Sebi has eased the rules for issuance of shares with superior voting power, bringing India on a par with start-up rules in the US. Will this inspire Indian start-ups to list in India?
 "Will Superior Voting Rights boost domestic listing of tech startups?")
India social commerce startup Meesho valued at $5 billion by Fidelity
Meesho raised $570 million in fresh funding led by Fidelity Investments
 "India social commerce startup Meesho valued at $5 billion by Fidelity")
Sebi ruling on DVR cheers startups, but can it stop international listings?
Sebi has said that promoters/founders who have net worth of Rs 1,000 crore can now have superior voting rights
 "Sebi ruling on DVR cheers startups, but can it stop international listings?")
Live online tutoring startup Vedantu in unicorn club with $1 bn valuation
Vedantu has raised $100 mn in funding. The firm which is competing with Byju's, Unacademy, Simplilearn, UpGrad and Amazon Academy is also planning an IPO by 2024
 "Live online tutoring startup Vedantu in unicorn club with $1 bn valuation")
Health startup MFine raises $48 mn to build largest virtual hospital
MFine aims to build one of the Largest Virtual Hospitals in the world and make high-quality healthcare more accessible and effective with the use of AI and mobile technologies
 "Health startup MFine raises $48 mn to build largest virtual hospital")
State Bank of India explores ways to debt finance start ups
The number of government recognized start ups under the 'Startup India' initiative launched by Prime Minister Narendra Modi in January 2016, has grown nearly 85 times.
 "State Bank of India explores ways to debt finance start ups")
CredAvenue raises $90 mn to scale up building infra to power debt markets
The funding round, led by Sequoia Capital India and co-led by Lightspeed, TVS Capital Funds and Lightrock, values the company at about $410 million
Vedantu is India's newest unicorn after $100-mn funding from ABC World
The Bangalore-based startup becomes the fifth Indian edtech unicorn after Byju's, Unacademy, UpGrad and Eruditus, and the third to reach the milestone this year.
 "Vedantu is India's newest unicorn after $100-mn funding from ABC World")
Mentza raises $400,000 in seed round led by Inflection Point Ventures
Mentza is a one of its kind audio-based conversational learning platform that wants to engage users through high quality focused 20-minute conversations across diverse topics
 "Mentza raises $400,000 in seed round led by Inflection Point Ventures")
GoBOLT using tech to offer E2E logistics solutions as economy revives
The company, whose revenue grew to Rs 200 cr in FY21, has a current revenue run rate of Rs 22-25 cr a month; it aims to double that over next 12-18 months
 "GoBOLT using tech to offer E2E logistics solutions as economy revives")
Retail ecosytem gets ready to capitalise on $9 bn festive sales opportunity
Festive season sales: Everyone, from sale point to back-end support services provider, is gearing up to grab its share of the pie
 "Retail ecosytem gets ready to capitalise on $9 bn festive sales opportunity")
Cashbook raises $2.3mn in seed fund led by JAM, Better Tomorrow Ventures
Kunal Shah, Anupam Mittal and a host of other angel investors also participated in the round
 "Cashbook raises $2.3mn in seed fund led by JAM, Better Tomorrow Ventures")
Glamyo Health raises $3 mn in Series A led by Ananta Capital
The company functions in the area of elective surgeries and claims to have had a 300% surge in business on its platform
 "Glamyo Health raises $3 mn in Series A led by Ananta Capital")
The Money Club raises pre-series A funds led by SOSV and Venture Catalysts
Founded by IIT Kharagpur friends, The Money Club leverages AI to effectively underwrite high frequency, micro pooling of funds by studying user behaviour
Skill tech platform Mechaniks TV plans to raise $1 mn for expansion
Independent skill-tech platform for automotive mechanics, Mechaniks TV, is in the process of raising funds of $1 mn for expansion of its offering and technology enhancement