Page 29 - Funding

Spinny enters unicorn club with $283 mn fundraise at $1.8 bn valuation

The latest round includes a primary capital infusion of $250 million and a secondary sale of $33 million by angels and a few seed stage investors

Punit Soni-led healthcare AI firm Suki raises $55 mn in Series C round

Funding led by led by March Capital, with support from Philips Ventures and all previous investors including Venrock, Flare Capital, Breyer Capital, and inHealth Ventures

Indian used-car platform Spinny valued at $1.8 billion in new funding round

India's Spinny said on Tuesday it had raised $283 million in a funding round led by Abu Dhabi-based ADQ and Tiger Global, giving the used-car retailing platform a valuation of about $1.8 billion

AI-powered talent firm Sense raises $50 mn from SoftBank Vision Fund 2

With this new round, firm will continue to ramp up its go-to-market strategy and raise awareness with firms that hire at scale across industries such as healthcare, manufacturing, logistics and retail

MSME lending platform LoanKuber raises Rs 13 cr in pre-Series A round

The company aims to grow its loan book to Rs 75 crore in the next 12 months

CollegeDekho closes $35mn Series B round led by Winter Capital, ETS

Firm will boost investment in products and tech while growing new verticals like Ed-Fin-Tech, student accommodation and coaching for higher education

Zomato launches platform to help restaurants raise funds

There are thousands of budding restaurants that may not have the expertise or focus to fundraise at the right time from the right investors, said Zomato Chief Executive Officer Deepinder Goyal

Data management platform Parablu raises $1 mn in pre-Series A round

The SaaS company builds secure, enterprise-class data management solutions

B2B packaging solutions startup DCGpac.com raises Rs 5 cr in pre-series A

DCGpac, which has sold over 200 million products across India so far, is growing more than 15 per cent month-on-month by revenue. It turned EBITDA positive this September

Adda247 raises around $20 mn in funding round led by WestBridge Capital

Edtech platform Adda247 on Tuesday said it has raised around USD 20 million (about Rs 150 crore) in a funding round led by WestBridge Capital. The Series B funding round also saw participation from existing investors, including Info Edge, Asha Impact and JM Financials, the company said in a statement. "The latest infusion of the funds will be utilised to optimise technology & product and conduct senior-level hiring. The edtech company is also foreseeing the acquisition of a few companies with complementary offerings," the statement said. Founded in 2010, Adda247 offers products like live-video classes, on-demand video courses, mock tests, and books focused on government examinations and claims to have 15 million monthly active users on its platform. "India at present has more than 500 million learners, which makes the country's educational market enormous and open for diverse requirements. We will be using the latest round of funds to improve the learning outcomes on our platform .

ITC to acquire 16% stake in D2C natural personal care brand Mother Sparsh

Mother Sparsh said that it is raising Rs 20 crore in Series A funding from ITC. Company plans to deploy the funds towards enhancement of its R&D capabilities, digital capabilities

Upstox turns unicorn with funding from Tiger Global at over $3 bn valuation

The funding round is said to be led by existing investor Tiger Global and is still ongoing

Proptech start-up NoBroker enters unicorn club with $210 mn funding

More than 7.5 million properties are already registered on the portal

Medkart raises Rs 40 cr in Series A co-led by Alkemi, Insitor Partners

Having grown from scratch to 75 stores, predominantly in Gujarat, Medkart plans to use the funds for expansion to touch 250 stores by 2023

NoBroker.com becomes unicorn; raises $210 mn at $1 bn valuation

The Series E funding round was led by General Atlantic, Tiger Global Management and Moore Strategic Ventures

Euler Motors raises $10 million in funding led by QRG Investments

Electric vehicle maker Euler Motors on Monday announced raising an additional capital of USD 10 million (around Rs 74 crore) from a clutch of investors, led by QRG Investments and Holdings

Test prep startup Toppersnote raises $1 mn in seed fund led by IPV

Active in 70-plus exams such as UPSC, GATE, NEET, IIT, SSC and state govt job exams, the firm has over 300,000 aspirants primarily from tier 3 and below towns on its platform

Binance US may raise 'couple hundred million' in funding, says CEO

According to UK researcher CryptoCompare, Binance's spot cryptocurrency trading volumes totalled $789 bn in Sept and $454 bn in July

Indian startups received $6.1 billion in funding in Q3CY21: Nasscom report

This is a quarterly fall of about 6%; greater focus towards late stage startups, accounting for over 50% of deal value

Luxury catering firm Foodlink raises $8 mn from Plutus Wealth Mgmt, others

Foodlink, a luxury catering company, on Thursday said it has raised USD 8 million (Rs 59.34 crore) in funding led by Plutus Wealth Management. The Series-B funding round also witnessed the participation of Arpit Khandelwal, Managing Partner, Plutus Wealth Management LLP, Foodlink said in a statement. The Mumbai-based company will use these funds to expand its flagship business of luxury catering across newer geographies in India and overseas to take its luxury banquet brand called JADE Luxury Banquets to more cities. The funding will be used to scale their casual dining restaurant business through its brands, India Bistro, China Bistro & Art of Dum. The company has so far raised USD 23 million, including the current round. It received USD 15 million as part of its Series-A round from OAKS Asset Management in 2017. "We are delighted to have Plutus on board and backing us for this next exciting phase of the Foodlink journey along with OAKS Asset Management, who has been a valuable .