Page 14 - Funding

Will education outlay improve amidst widening learning gap? Sector hopes so

Ahead of International Education Day on Jan 24, a case for more funding, reducing digital divide in education

Indian fintech start-up funding fell 47% in 2022, says Tracxn report

Growth in the space was expected to continue in the long run, propelled by a large unbanked population

ShareChat, Dunzo to join list of startups planning mass layoffs in India

Rebel Foods, which has brands like Behrouz Biryani and Oven Story, has also reportedly cut its headcount

China saw the steepest fall in funding activity among global peers in 2022

India saw the second-highest fall in funding activity, down 33 per cent in 2022 from 2021, says Tracxn

Fintech startup SarvaGram Solutions raises $35 mn in funding round

Fintech startup SarvaGram Solutions has raised USD 35 million (about Rs 290 crore) in a funding round from a clutch of investors including Elevar Equity, Elevation Capital, Temasek and TVS Capital Funds. SarvaGram provides a range of customised financial and capacity-enhancing products to unlock the potential of aspirational rural India. It closed its Series B round at USD 10 million in February 2021, which was led by Elevation Capital and Elevar Equity. The company announced "close of its Series C round at USD 35 million. Investors in this round include Elevar Equity, Elevation Capital, Temasek and TVS Capital Funds, with Elevar Equity being the largest investor in the company." With this funding round, SarvaGram plans to expand its distribution network by adding 75 outlets (to reach 125) by the end of financial year FY2024. "It also plans to expand its on-ground franchisees -known as 'SarvaMitra' - to 3X of the current strength across different states in India. The funds would a

Flipkart, PhonePe complete separation as fintech firm preps for fundraise

PhonePe in talks with parent Walmart, General Atlantic, and other investors to raise about $700 mn

Jungle Ventures-backed BetterPlace raises $40 mn in series C funding

The firm is a SaaS platform for frontline workforce management, with a user base of 1,100 large enterprises

Java Capital launches Rs 75 cr seed fund, announces first close at Rs 30 cr

Firm will invest in at least 15 technology and fintech start-ups, expects final close in 6 months

UN chief Antonio Guterres calls for donations to emergency response fund

'At a time of tough tests for the humanitarian sector, CERF's focus on under-funded crises was more important than ever'

HealthKart raises $135 million in funding from Temasek, A91 Partners

Company will use money to promote brands, increase offline distribution, and expand internationally

Esports tournament platform Gamerji raises $3 mn in pre-series A funding

Funds raised will be used for the company's foray into Southeast Asian markets, starting with Indonesia and Philippines

C4D Partners gets Sebi's nod to launch fund to invest in Indian startups

Netherland-based C4D Partners on Monday said it has received market regulator Sebi's approval to launch its USD 50 million (about Rs 408 crore) fund for investments in Indian startups. C4D Partners had its first close of USD 30.3 million in 2018 for its Asia Fund. "The company has recently received the nod from the Securities Exchange Board of India (Sebi) for its debut India fund worth USD 50 million and expects to achieve the first close of the fund by the mid of next year," C4D Partners said in a statement. With the launch of the C4D Bharat Shubharambh Fund, C4D Partners will continue to focus on sustainable business models with solid ESG (environment, social, and governance) scoring, it added. "Through our first fund, we have invested in financial inclusion, Agri-processing, education and skilling, waste management and last-mile delivery. We will continue to focus on these sectors and any other industry with a substantial impact on India's marginalised communities and rural ...

Bira 91 raises $70 mn from Japanese beer company Kirin Holdings

Premium beer company Bira 91 on Tuesday announced it has raised $70 million in Series D funding, led by leading Japanese beer firm Kirin Holdings

Indian startups must brace for a long funding winter: Flipkart CEO

The startup ecosystem's funding winter could last another 12 to 18 months and the industry may face "a lot of turmoil and volatility", warned Flipkart CEO Kalyan Krishnamurthy

Healthtech start-up BeatO raises $33 mn in Series B from Lightrock

Firm provides affordable diabetes care with a focus on people who don't have access to specialists

Simplilearn raises $45mn in new funding round led by GSV Ventures

Start-up added more than more than 120,000 paid learners in the past year

Content management platform Contentstack raises $80 mn in Series C funding

Georgian's Lead Investor Emily Walsh will join the Contentstack board along with Contentstack CFO David Overmyer

Balaji Srinivasan invests unknown sum in blockchain start-up Permissionless

Company to use the funds to scale the number of contributors on the platform, create more integrated productivity tools for borderless and asynchronous work

Mobility solutions provider Automovill raises Rs 2.15 cr in funding

Company offers services for car owner, has presence in 20 cities and caters to 150,000 customers

HR tech start-up Keka raises $57 mn in series A funding by WestBridge

The company helps businesses by automating payroll, recruiting, performance management