Page 27 - Funding
Neobanking start-up Jupiter raises $86 mn at a valuation of $711 mn
It is currently seeing 5,000 to 6,000 new users signing up each day, and has also recorded deposits of over Rs 100 crore in October this year.
 "Neobanking start-up Jupiter raises $86 mn at a valuation of $711 mn")
Financial security firm MetaMap raises Rs 530 cr for business expansion
Start-up offers solutions for fraud prevention, identity and financial qualification, and credential sourcing.
 "Financial security firm MetaMap raises Rs 530 cr for business expansion")
Odisha-based MFI Annapurna Finance raises $ 35 mn in capital raise
Third funding round this year bring total investments to $85 mn as company enters clean energy lending.
 "Odisha-based MFI Annapurna Finance raises $ 35 mn in capital raise")
Robotics firm ARAPL Raas raises funding for warehouse automation
Company says its technology reduces the cost of operations for companies in instant commerce.
Social commerce start-up Gobillion raises $2.9 mn from YCombinator, others
Group-buying platform allows multiple users to aggregate their purchases and place bulk orders.
 "Social commerce start-up Gobillion raises $2.9 mn from YCombinator, others")
Fintech start-up Minko gets $1.5 mn in funding to expand business
Company announces a B2B payments stack for offline distributors and retailers.
Digital supply chain financier Veefin raises $3 mn in Series A funding
The Series A funding will be used to build product and engineering teams to enhance SCF technology based on the market's evolving dynamics, said Veefin.
Seafood marketplace Captain Fresh raises $40 mn in a funding round
Its reseller segment (B2B2C) has demonstrated an increase of 20x within just three months of launch, retailing about 1.2 million kgs of fish and seafood every month.
Tech-enabled meat, seafood ordering platform TenderCuts raises Rs 30 cr
Since its commencement, Stride Ventures has focused on investing across sectors
 "Tech-enabled meat, seafood ordering platform TenderCuts raises Rs 30 cr")
Cars24 raises $400 mn in funding, valuation up 83% at $3.3 bn in 3 months
The investment will be utilised for the company's expansion in West Asia, Australia, and Southeast Asia, and to strengthen its foothold in India
 "Cars24 raises $400 mn in funding, valuation up 83% at $3.3 bn in 3 months")
Nexprt raises $5 mn in seed round from Sequoia Capital India and Lightspeed
Early backers Titan Capital and other notable angel investors also participated; proceeds to be used to scale existing business and launch new verticals in manufacturing domain
Healthcare startup Pristyn Care raises $96 million, joins Unicorn club
By March 2022, the company plans to increase its geographical footprint by expanding to over 50 cities and towns and 1000 surgical centres
 "Healthcare startup Pristyn Care raises $96 million, joins Unicorn club")
Experiential learning app Practically raises $5 mn in strategic investment
The experiential learning app will leverage these investments to expand its operations across India, Middle East and SouthEast Asia
 "Experiential learning app Practically raises $5 mn in strategic investment")
SoftBank Vision Fund 2 leads $60 mn funding for Payments tech firm Juspay
Juspay processes 300 mn online transactions a month with gross value of over $5 bn; has highest number of payment SDK (software development kits) installed on 250 mn mobile phones
Healthtech platform Innovaccer raises $150 mn at $3.2-bn valuation
Company announces new Innovation Accelerators to help customers tackle the most common and high-impact clinical, operational, and financial use cases
 "Healthtech platform Innovaccer raises $150 mn at $3.2-bn valuation")
Nestasia raises $4 mn in Series A round led by Stellaris Venture Partners
The firm makes and brings over 6,000 products across genres from India and South-east Asia. In a little over two years, it has completed 100,000 orders and has 50,000 customers in 7 countries
ShopConnect raises $1.5 mn pre-series from IBS Software founder V K Mathews
ShopConnect enables brands and retail merchants to build next-gen online stores to give an immersive user experience with features such as live video shopping and hyper-personalisation
 "ShopConnect raises $1.5 mn pre-series from IBS Software founder V K Mathews")
Asian cuisine brand MasterChow raises Rs 3.5 cr in seed led by WEH Ventures
Angel investors Aditya Singh and Ravi Shroff also participated; funds to be used to double down on manufacturing capabilities, product development, hiring new talent and geographic expansion
 "Asian cuisine brand MasterChow raises Rs 3.5 cr in seed led by WEH Ventures")
Insurance Samadhan raises Rs 5.5 cr in pre-Series A round
The start-up will use the funds to upgrade from offering just claim redressal services to an app providing claim management, insurance portfolio analysis and policy servicing features
Fintech firm BharatX raises $250,000 in pre-seed round led by Java Capital
The funding will help drive BharatX's delivery of seamless Embedded Credit experiences on many consumer-facing platforms, with zero credit risk and zero operational headaches for the platforms
 "Fintech firm BharatX raises $250,000 in pre-seed round led by Java Capital")