Page 20 - Funding
VC firm HealthQuad announces close of second fund for young companies
The second fund of HealthQuad closed with a total subscription of $162 million: more than twice its target size at launch
 "VC firm HealthQuad announces close of second fund for young companies")
Builder.ai raises $100 mn in Series C round to scale up AI capabilities
Funding led by Insight Partners, a New York-based global venture capital and PE firm, brings company's total funding to $195 million across three rounds in all
 "Builder.ai raises $100 mn in Series C round to scale up AI capabilities")
Games24x7 raises $75 mn from Tiger Global, others at $2.5-bn valuation
Mumbai-headquartered firm owns popular gaming platforms such as RummyCircle (India's largest online rummy game), My11Circle and U Games
 "Games24x7 raises $75 mn from Tiger Global, others at $2.5-bn valuation")
LambdaTest closes $45 million in a venture round led by Premji Invest
Firm's platform is used by over 1 mn developers and testers globally. The company has run more than 100 mn tests since inception, has grown its business by 300% in the past year
 "LambdaTest closes $45 million in a venture round led by Premji Invest")
Qure.ai raises $40 mn from healthcare investors Novo Holdings, HealthQuad
Qure.ai's advanced technology reads and interprets medical images like X-rays, CTs, and ultrasounds in under a minute, making equitable, quality healthcare a reality across the globe
 "Qure.ai raises $40 mn from healthcare investors Novo Holdings, HealthQuad")
D2C start-up mCaffeine raises Rs 240 cr at a valuation of Rs 1,000 cr
Founded in 2016, mCaffeine had attracted a cumulative of Rs 60 crore through successive rounds of funding over the years
 "D2C start-up mCaffeine raises Rs 240 cr at a valuation of Rs 1,000 cr")
Spacetech startup Pixxel raises $25-mn funding led by Radical Venture
The new funding will enable Pixxel to expedite production of the world's highest resolution hyperspectral satellite constellation and to offer industry AI-powered insights
 "Spacetech startup Pixxel raises $25-mn funding led by Radical Venture")
Food robotics company Mukunda raises $8 mn in round led by Zomato
Zomato's investment in Mukunda has come amid the food delivery's announcement to launch a 10-minute delivery service
 "Food robotics company Mukunda raises $8 mn in round led by Zomato")
Co-working space player iSprout raises $4mn in pre-series A funding
Large part has been invested by a top infra firm's director; after the round over 75% ownership in iSprout will be with the four co-founders and this investor
 "Co-working space player iSprout raises $4mn in pre-series A funding")
Beauty brand Plum raises Rs 270 cr in Series C round led by A91 Partners
The fresh capital is expected to add momentum to Plum's gameplan of further strengthening its omni-channel presence, building new categories and enhancing R&D capabilities
 "Beauty brand Plum raises Rs 270 cr in Series C round led by A91 Partners")
Cybersecurity startup Technisanct receives fresh investment of Rs 2 crore
The company said it received the investment with participation from Shashidhar Pai (S3K Ventures), K T Chandy (Partner-EY) and Surabhi Marwah (Partner-EY)
 "Cybersecurity startup Technisanct receives fresh investment of Rs 2 crore")
CommerceIQ enters unicorn club with $115 mn fundraise in Series D round
Company employs over 150 people out of its Bengaluru office, and is expected to nearly double the headcount by the end of the year
 "CommerceIQ enters unicorn club with $115 mn fundraise in Series D round")
Leverage Edu raises $22 mn in Series B funding at $120 mn valuation
Prominent individual investors like Morgan Stanley MD Hemant Gupta, CRED founder Kunal Shah, BookMyShow founder Ashish Hemrajani joined the funding round
 "Leverage Edu raises $22 mn in Series B funding at $120 mn valuation")
Logically raises $24 mn; Vitruvian Partners leads funding round
It has been estimated that fake news is costing the global economy around $78 billion every year and Logically is addressing that problem.
 "Logically raises $24 mn; Vitruvian Partners leads funding round")
Shipskart raises Rs 20.5 crore from Trail Mix Ventures, others
Tradeworks.vc, Motion Ventures and Eternia Investments also participated in the funding round.
 "Shipskart raises Rs 20.5 crore from Trail Mix Ventures, others")
Media SaaS company Amagi enters unicorn club with $95-mn investment
Accel leads the financing round along with Norwest Venture Partners and Avataar Ventures
Ratan Tata-backed BlueStone valuation tops $410 mn in latest round
Funding in the omnichannel jewellery retailer was led by Sunil Kant Munjal, Chairman, Hero Enterprise
 "Ratan Tata-backed BlueStone valuation tops $410 mn in latest round")
EV public charging point player CHARGE+ZONE eyes $100 million fund raise
Having set up 20 such EV charging points across 1,000 km on some national highways, the firm is now looking to cover over 10,000 km in the country
 "EV public charging point player CHARGE+ZONE eyes $100 million fund raise")
Blinkit to raise $100 mn next week as part of larger funding round
Delay in quick commerce company's fundraise due to choppy public markets
 "Blinkit to raise $100 mn next week as part of larger funding round")
Kuku FM raises $19.5 mn in series B funding led by S Korea's KRAFTON
With this latest round of funding, Kuku FM has secured a total of $25 million since its inception in 2018
 "Kuku FM raises $19.5 mn in series B funding led by S Korea's KRAFTON")