Page 30 - Funding

magicpin raises $60 million in Series D round led by Zomato

The app currently serves 6 million active users with nearly 25 sessions per user per month, and provides savings on nearly 170,000 merchants across big brands and local retailers

Good Glamm Group India's first unicorn in DTC beauty and personal care biz

The firm, valued at $1.2 bn, expects to cross annual recurring revenue of $250 million by March 2022

Ladies Who Lead raises seed funding from Akasa Air co-founder Aditya Ghosh

Platform for India's top and emerging women leaders appoints him as Chief Mentor

Faze Technologies raises $17.4 mn in seed round led by Tiger Global

Coatue, Sequoia Capital India, Samsung Next among other participants

Neobanking startup Fi raises $50 mn in funding, valuation jumps 7 times

B Capital Group, Falcon Edge and others participated in the Series B funding round that valued Fi at $315 million

Vanity Wagon raises Rs 5.5 cr in pre-series A round led by Inflection Point

Firm is a one-stop clean beauty marketplace focused on non-toxic products; has completed 50,000 orders since inception and currently serves 130,000 online visitors a month

Beauty platform Purplle.com raises $75 mn from Kedaara, Sequoia and Blume

The investment will augment the company's goal to deliver 6-8x growth in the next 5 years

Drip Capital raises $175 mn to enter new markets like South Asia, LatAm

Funds raised include $40 mn in Series C and $135 mn in warehouse debt. With this, Drip Capital has raised $525 mn in all via equity and debt

Lovelocal raises $18mn in pre-series B round led by Vulcan Capital

LoveLocal, which has grown 40x since inception is changing how India shops by empowering local retailers and is digitising the $1.1 trillion unorganised retail market

Fintech software provider Hypto raises $3 mn from Stellaris, 3one4 Capital

The platform has processed over 55 million transactions totalling over $15 billion and currently works with over 10 banks

B2B auto parts startup Koovers raises $1.5 mn in Inflection Point-led round

Koovers assures workshops of spares with ease of ordering, doorstep delivery, genuine and complete basket of parts of all car makers; has over 5,000 workshops in network

Premium e-bike maker EMotorad raises $3-million in seed round funding

EMotorad has raised $3-million in a strategic seed round funding from two investors for scaling up its current facilities and expanding its presence across the domestic and overseas markets

Space tech startup Dhruva raises Rs 22 cr to launch satellite solutions

The firm is gearing up to launch new offerings like Satellite as a Service, Space-Grade Solar Arrays and Ground Station Solutions, both nationally and globally

Teachmint raises $78mn in Series B led by Rocketship.vc and Vulcan Capital

New round brings firm's total raise to $118 mn. Funds will be used to strengthen Teachmint's proprietary classroom tech and for global expansion

Mestastop Solutions raises Rs 1.3 cr in seed round led by CIIE.CO

Mestastop will use the funding to scale its AI-based platform METSCAN, which characterises cancer cells using patient data samples and their assay panels to understand the cell behaviour

Arrivae raises Rs 50 crore in funding round led by Rakesh Jhunjhunwala

Furniture startup Arrivae on Thursday said it has raised Rs 50 crore in the first external funding round led by ace investor Rakesh Jhunjhunwala

Edtech startup Creative Galileo raises $2.5 mn in seed funding

The round was led by Kalaari Capital with an investment of $2.1 mn and remaining from well-known angels, such as Harish Bahl, Shashin Shah, Jinesh Patel, Atul Nishar, Ashwin Puri and Giridhar Malpani.

D2C jewellery brand Melorra raises $24 mn in funding round led by 9Unicorns

Melorra's vision is to bring the fast-fashion model into jewellery, where they launch a new collection every week and 75 designs every Friday

Google, Temasek back Indian neo-banking firm Open with $100 mn investment

Open plans to use the funds to strengthen its leadership in SME neo-banking space. taking the total SME base from 2 million at present to 5 million in India and expand its services to South East Asia

Virtual events platform Hubilo raises $125 mn for global expansion

The investment signals a change in ways people engage and share experiences at a time when uncertainty about Covid-19 has seen cancelled events and delayed a return to traditional office environment