Page 124 - Start Ups
House of Kieraya raises $15 million in asset financing from TradeCred
House of Kieraya (HoK), known for furniture and lifestyle rental brand Furlenco, on Tuesday said it has raised $15 million from alternative debt platform TradeCred
 "House of Kieraya raises $15 million in asset financing from TradeCred")
John Abraham, others invest Rs 4 crore in icecream maker NOTO
Actor John Abraham and a clutch of venture capital (VC) funds have invested Rs 4 crore in NOTO, the low-calorie and high-protein icecream brand said on Tuesday
 "John Abraham, others invest Rs 4 crore in icecream maker NOTO")
BharaPe enters P2P lending with '12% club', taps NBFCs to sell product
The '12% club' will allow consumers to not only earn up to 12% interest on the funds they invest but also borrow at an interest rate of 12%
 "BharaPe enters P2P lending with '12% club', taps NBFCs to sell product")
Fintech startup Khatabook's valuation tops $600 mn after raising $100 mn
The firm is also buying back ESOPs worth $10 mn to acknowledge and reward employees, ex-employees, and early investors
 "Fintech startup Khatabook's valuation tops $600 mn after raising $100 mn")
Hike raises undisclosed amount, led by Tinder co-founder Justin Mateen
This latest round of funding will be deployed to expand Hike's product strategy along with enabling high-quality hiring across functions
 "Hike raises undisclosed amount, led by Tinder co-founder Justin Mateen")
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
 "Breathe Well-being raises $5.5 mn in Series A round led by Accel")
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
 "Smytten raises $6 mn in Series A funding led by Fireside Ventures")
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
 "AppsForBharat raises $4 mn in seed fund from Sequoia Capital and BEENEXT")
Unicommerce to increase workforce by 60%, hire over 150 people in FY22
Unicommerce, an e-commerce focused SaaS (software as a service) platform, on Monday said it plans to increase its workforce by 60 per cent, onboarding over 150 people during the current fiscal year
 "Unicommerce to increase workforce by 60%, hire over 150 people in FY22")
Manufacturing startup Zetwerk eyes global expansion, raises $150 mn
The firm aims to grow its revenue by four times in 2021-22, based on a strong order book of Rs 5000 crore
 "Manufacturing startup Zetwerk eyes global expansion, raises $150 mn")
Mobility startup Get My Parking aims to double revenue to $5 mn this fiscal
Mobility start-up Get My Parking is looking to double its revenue to $5 million (about Rs 37 crore) this fiscal
 "Mobility startup Get My Parking aims to double revenue to $5 mn this fiscal")
$17.2 bn infused in Indian startups by VC firms during Jan-July: Report
Venture capital firms infused a total of $17.2 billion investment into the Indian startup ecosystem during January-July 2021
Startups raised $6.5 bn in Apr-Jun period, 11 new unicorns created: Report
Indian startups received about $6.5 billion in funding in the April-June 2021 quarter, while 11 of them entered the coveted unicorn club, a report by Nasscom-PGA Labs said
 "Startups raised $6.5 bn in Apr-Jun period, 11 new unicorns created: Report")
Zetwerk joins unicorn club after raising $150-million in Series E funding
This is the second fundraise for the Bengaluru-based company in 2021
 "Zetwerk joins unicorn club after raising $150-million in Series E funding")
Udaan, Throttle Aerospace trial run of drone delivery of drugs a success
The trial was conducted by Udaan within a 15-km radius at Gauribidanur on the outskirts of Bengaluru by udaan for the last mile delivery of medicines
 "Udaan, Throttle Aerospace trial run of drone delivery of drugs a success")
Oyo raises $5 million from Microsoft at $9.6 billion valuation
The company is aiming to transform itself to a global full-stack technology provider for small and mid-sized hotels and homes
 "Oyo raises $5 million from Microsoft at $9.6 billion valuation")
CarTrade Tech makes tepid market debut; tumbles 7% at close of trade
CarTrade Tech's initial public offering (IPO) was subscribed 20.29 times
 "CarTrade Tech makes tepid market debut; tumbles 7% at close of trade")
Manufacturing startup Zetwerk's valuation tops $1 bn, joins unicorn club
The firm has raised $150 mn in a Series E funding round led by D1 Capital Partners
 "Manufacturing startup Zetwerk's valuation tops $1 bn, joins unicorn club")
Indian startups raise $16.9 bn VC funding in 2021, next only to China
Indian startups got USD 16.9 billion of venture capital funding in 2021, next only to Chinese counterparts in the Asia-Pacific (APAC) countries, GlobalData said Friday.
Used vehicle startup Cars24 to raise $350 mn from SoftBank, others: Report
The fundraising would also include Falcon Edge Capital and value the startup at close to $2 billion, said the person, asking not to be named because the details aren't public
 "Used vehicle startup Cars24 to raise $350 mn from SoftBank, others: Report")