Page 16 - Funding
EarlySalary in talks to raise $110 million in TPG-led funding: Report
EarlySalary, which competes with LoanTap and PaySense, offers personal loans of up to 500,000 rupees (about $6,319) for short tenures
 "EarlySalary in talks to raise $110 million in TPG-led funding: Report")
B2B SaaS start-up WebEngage raises $20 mn in Series B funding round
The Series B round also saw participation from family offices of Unmaj Corporation, NB Ventures, Shashwat Nakrani (a co-founder of BharatPe), and Gopal Srinivasan (chairman of TVS Capital) and others
 "B2B SaaS start-up WebEngage raises $20 mn in Series B funding round")
Rural fintech firm Jai Kisan raises $50mn as debt, equity in funding round
Startup says it will use the financing to expand product suite and improve customer experience
 "Rural fintech firm Jai Kisan raises $50mn as debt, equity in funding round")
Child, maternity products marketplace Nestery raises Rs 6 cr in funding
Start-up will use the funds to expand team, improve technology and generate original content
 "Child, maternity products marketplace Nestery raises Rs 6 cr in funding")
Children's shopping platform Bundle O Joy raises Rs 3.9 cr in funding
Founded in February 2022, Bundle O Joy helps parents to find products in apparel, footwear, toys, books, and accessories
DU sets up firm to promote innovation, another in pipeline for funding: VC
"We have set up one company to encourage new startups and innovation in the varsity and we are in search for its CEO. The company will work on incubators and promote innovation," VC Yogesh Singh said
 "DU sets up firm to promote innovation, another in pipeline for funding: VC")
FitterFly raises $12 mn in series A funding led by Amazon Smbhav, Fireside
The funds raised will be used to increase Diabefly's reach, their digital therapeutics and clinically-proven programme to prevent, manage and reverse diabetes
 "FitterFly raises $12 mn in series A funding led by Amazon Smbhav, Fireside")
First Cheque closes second fund at Rs 38 cr, plans to invest in 50 startups
First Cheque aims to be the earliest institutional capital available for founders and seeks to achieve this by investing at the pre-seed stage
 "First Cheque closes second fund at Rs 38 cr, plans to invest in 50 startups")
Supply chain start-up Wheelocity raises $12 mn to expand business
Wheelocity will use the fund to build new products, expand its customer base and improve its fruits and vegetables supply chain
 "Supply chain start-up Wheelocity raises $12 mn to expand business")
Aerem raises $2.5mn in pre-series A funding led by Blume Ventures
Aerem was founded in 2021 by Anand Jain who comes with a strong background in both financial services and solar
 "Aerem raises $2.5mn in pre-series A funding led by Blume Ventures")
SoftBank to bet on smaller ticket size for the second Vision Fund
The two funds together have invested over $11-12 billion in the country. Together with Softbank's direct investment, this goes up to $14 billion
 "SoftBank to bet on smaller ticket size for the second Vision Fund")
Rajeev Misra may raise $8-10 bn for his new fund, in talks with gulf royals
Sources say it is also possible that Son may invest some money in the fund through Softbank or other vehicles, although this could not be confirmed
 "Rajeev Misra may raise $8-10 bn for his new fund, in talks with gulf royals")
e-con Systems opens new site in Bengaluru, eyes $10 million funding
e-con Systems plans to ramp up employee base by 50%, with focus on salesforce and R&D personnel
Insurtech startup Ensuredit raises $4.2 mn from Cover Genius, others
Insurtech startup Ensuredit has raised USD 4.2 million (about Rs 33 crore) in a Pre-Series-A round led by Cover Genius, 9Unicorns, NexStep Discovery, CP Ventures, Venture Catalysts and IPV
Fund-raising drive on track, majority of the $800 mn received, says Byju's
The firm said its payments to education firm Aakash for a $1-billion deal struck last year have concluded and the audited financial results will be out in 10 days
 "Fund-raising drive on track, majority of the $800 mn received, says Byju's")
Retail tech firm Arzooo raises $70 mn in Series B led by Japan's SBI group
Existing investors Celesta Capital and 3 Lines VC also participated in this round, along with Trifecta Leaders Fund and Tony Xu, the Founder of Doordash
Share of Casa in total bank deposits rose to 44.8% in March 2022: RBI data
Seven states accounted for 63.3% of overall deposits; share of female holdings in incremental deposits more than doubled
 "Share of Casa in total bank deposits rose to 44.8% in March 2022: RBI data")
Solv raises $40 million in funding round led by Japan's SBI Holdings
Solv, a marketplace for small businesses, on Monday said it has raised USD 40 million (about Rs 310 crore) in funding led by Japan's SBI Holdings
 "Solv raises $40 million in funding round led by Japan's SBI Holdings")
Tech startup Matter raises $10 mn to scale up e-mobility, energy storage
Info Edge-backed technology fund Capital 2B, Climate Angel Fund lead investors in Matter's first external round of funding
Foreign study co Leap raises $75 mn in Series D, total funding tops $150 mn
Round led by Owl Ventures with participation from Steadview Capital and Paramark Ventures, and existing investors Jungle Ventures and Sequoia
 "Foreign study co Leap raises $75 mn in Series D, total funding tops $150 mn")