Page 16 - Funding

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

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

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

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

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

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

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

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

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

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

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

Second-sale realty broker Settlin raises $1 mn in pre-series A round

Powerhouse Ventures, Rajesh Sawhney-founded GSF Fund, and Bharat Matrimony founder among investors; funds to be used for expanding within Bengaluru

ShareChat's valuation crosses $5 bn after closing $520 mn funding round

Social media company raises $255 mn from Google, Times Group and existing investors

Blockchain infra automation platform Zeeve raises $2.65 mn in seed round

Funding led by Leo Capital and Blu Ventures, proceeds to be used to bolster product development, augment tech team and enhance reach among DApp developers and global corporations

Mobile-based PoS app QueueBuster raises Rs 63.3 cr in series A round

Funding led by Chiratae Ventures, Omidyar Network India and Flourish Ventures

Exprto raises Rs 5 crore in seed funding from GSF, Angel List US, others

Funds raised by the education technology startup will be used to improve overall product service, accelerate growth and build new technologies, the company informed.