Page 22 - Funding

Wealth management start-up Fintso looking at $10-million funding

Fintso, the start-up focused on financial advisors in the wealth management space, is looking at raising at least USD 10 million from venture capital funds by late-March or early-April. The API-based platform-as-a-service for financial advisors and their clients was launched by George Mitra, who was the chief executive of Avendus Wealth, and Rajan Pathak, a wealth management veteran, in November 2020 and has already raised USD3 million in the first round. Fintso helps independent financial product providers get easy access to retail investors by giving them access to multi-products, digital execution, and advisory support and now caters to over 3,400 independent distributors/agents, who are servicing 15 lakh retail clients having assets of Rs 1.4 lakh crore, Mitra said. The company had initial funding of USD 3 million from angels and family offices, including Kanwaljit Singh of Fireside Ventures, Nikhil Vora of Sixth Sense, Brijesh Agarwal who co-founded Indiamart, and Piyush Gupta,

Hindujas-backed MindMaze secures $105 mn funding led by Concord Health

Hindujas-backed digital neuro-therapeutics solutions provider MindMaze on Thursday said it has secured a USD 105 million (over Rs 785 crore) financing led by Concord Health Partners, a US-based healthcare private equity firm. The round also witnessed participation from London-based Hambro Perks and other family office investment groups, the company said in a statement without disclosing their identity. MindMaze said AlbaCore Capital Group, one of Europe's leading specialist investors focusing on public and private markets, is also building on its existing investment in the company as a reflection of their continued commitment in it. The financing round provides immediate access to funds, and a financing facility to fund growth and future acquisitions, the company said, adding the funding would also help accelerate global commercial growth plans, enhance ongoing R&D and consolidate the clinical development pipeline of its digital therapeutic solutions for a wide spectrum of ...

Asia Healthcare Holdings raises $170 mn from Singapore's GIC

To date, Asia Healthcare Holdings has invested approximately $200 million across single specialty healthcare enterprises in oncology, mother and child care, and fertility.

Leadership coaching company Peakperformer raises $3mn in seed fund

The funds will be used for new markets, hiring talent and technology development.

Bugworks Research gets $18mn funding as it scales up clinical research

The Series B1 financing was led by Lightrock India

xto10x Technologies raises $25 mn in funding round led by Binny Bansal

Company helps start-ups to scale up business and it focuses on learning programme, software tools and operating capabilities

IFC-backed Mintifi raises $40 million from Norwest Venture, Elevation

The IFC-backed Mintifi, a B2B-focused buy-now-pay-later platform, has raised USD 40 million (about Rs 300 crore) in its series-C round led by Norwest Venture Partners and Elevation Capital

Digital meeting platform Airmeet raises Rs 260 cr in series-B funding round

Digital meeting platform Airmeet on Tuesday announced to have raised Rs 260 crore in series B funding from new as well as existing investors.

B2B company Mintifi raises $40 mn in Series C funding to expand business

Mintifi works with over 100 leading brands that include Tata Motors, Bridgestone Tyres and Berger Paints for helping their supply chain

Micro gold savings app Jar raises $32 million led by Tiger Global

Fintech startup firm Jar said it has raised USD 32 million (about Rs 240 crore) in a Series A round funding led by Tiger Global.

Scrut raises $3 mn in seed funding led by Lightspeed, Endiya Partners

Founded in 2021, Scrut's mission is to be a virtual Chief Information Security Officer (CISO), reducing the CTOs and compliance teams' effort in managing iInfosec compliance by ~70%

Korean firm Krafton invests $5.4 mn in Indian gaming studio Nautilus

Nautilus currently boasts of more than 100 million downloads and 10 million monthly active users

Fund managers advise flexi-cap and large-cap schemes for now

According to fund managers, flexi-cap and large-cap schemes may weather the current storm better

Industrial B2B startup Moglix's valuation tops $2.6 bn with $250 mn funding

Early investors, who had bet on Moglix at the seed stage, have seen an 80x return on their investment in this B2B commerce firm

Akshay Kumar-backed Social Swag raises $3.5 mn in pre series A round

The round has been led by IMEF and Unicorn India Ventures, which has made its maiden announcement in a content creator economy specialist platform

Lee Fixel's Addition leads $14-mn funding in SaaS startup SuperOps.ai

The funding would enable company to disrupt the stagnant managed service providers market and take on legacy vendors with its newly launched AI-powered PSA-RMM platform

AI-powered digital skills assessment start-up iMocha Raises $14 million

The new funding will be deployed to increase iMocha's skill library selection, reach more global enterprises, and widen its partnership base within the HR Tech ecosystem.

Fintech company Kissht raises Rs 100 cr from Trifecta Capital, Northern Arc

Fintech company Kissht on Thursday said it has raised Rs 100 crore in a funding round led by Trifecta Capital and Northern Arc. In the current round, Trifecta and Nothern Arc have each subscribed to Rs 50 crore of non-convertible debentures (NCDs), according to a statement. The company has so far raised over Rs 270 crore in equity and over Rs 1,200 crore in debt investments. The company said the funds will be utilised to expand its scale of operations. It will also further enhance its product offerings, including credit cards for small businesses/ shops and improve underwriting capabilities to extend credit to the new to credit (NTC) segment using AI and machine learning. The firm plans to expand its business to one crore borrowers in FY2023, the statement said. It is projecting an overall revenue of over Rs 500 crore, it said. The company provides an instant line of credit for small business transactions and small-ticket size personal loans to new credit customers.

StreamAlive raises $1.53 mn in pre-seed round led by Speciale Invest

Other marquee investors included micro VC funds, founders of private-company software unicorns, MIT professors, CEOs of public firms, and other angel investors and corp execs

MinIO raises $103 mn in Series B funding round, joins the Unicorn list

Investment was led by Intel Capital with participation from new investor SoftBank Vision Fund 2, and existing investors Dell Capital, General Catalyst and Nexus Venture Partners