Page 27 - Funding

Zuddl raises $13.35 mn in Series A funding led by Alpa Wave Incubation

The virtual events market space is expected to grow at about 24 per cent CAGR over the next few years according to research firm, Grand View Research

B2B payments fintech Rupifi raises $25 mn from Bessemer, Tiger Global

Existing Investors Quona Capital and Ankur Capital also participated in the round, along with Better Capital. This is Rupifi's second investment round in nine months, since its Pre-Series A last March

AI and Computer Vision platform Avataar raises $45 mn in Series B funding

Avataar's platform powers the largest global eCommerce marketplaces and leading D2C brands, shaping consumer journeys with life-sized 3D product evaluation coupled with interactive feature discovery.

Dunzo raises $240 mn in round led by Reliance to take on Amazon, Flipkart

According to the sources, Dunzo's valuation has crossed $800 million in this funding

Blockchain SaaS startup Cion Digital raises $12 mn from Green Visor, others

The US-based firm is planning an R&D Centre in Pune. It is undertaking a pan-India recruitment drive with offer of permanent WFH

Reliance Retail to invest $200 mn in delivery firm Dunzo for 25.8% stake

Currently, Dunzo is available across 7 metro cities in India and the additional capital will be used to expand the quick commerce business to 15 cities

New-age companies make it to Amfi's large-cap list, shows data

This comes despite stocks such as PB Fintech (Policybazaar) and One 97 Communication (Paytm) trading below their issue price

Accelerator fund 9Unicorns charts aggressive investment plan for 2022

Aims to invest in over 150 startups in 2022, with approx. investment of Rs 400cr

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.

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.

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.

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.

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

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

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