Page 31 - Funding

Fintech firm Salt to ramp up hiring in India; raises $500,000 funding

Fintech firm Salt on Monday said it has raised $500,000 and is looking at strengthening its headcount to about 100 by the end of next year

F5 raises Rs 5 cr in pre-series A funding round led by Auxano Capital

F5 is building a hyper-local ecosystem around the daily workplace needs of the consumer

Shift Freight plans to raise $20-30 mn by next fiscal; dilute 10-15% stake

The Noida-based startup currently has presence across 25 cities and carries out around 70 movements per day with majority of them being inter-city.

Cloud kitchen startup Rebel Foods is 31st Indian unicorn, raises $175 mn

The Mumbai-based firm, which operates over 4,000 internet restaurants and has built over 45 brands across 10 countries, is now eyeing an IPO

Twin Health raises $140 mn in Series C round from Sequoia Capital, others

Funding will help the firm scale presence in India and US; firm uses IoT, AI and ML to solve chronic metabolic diseases, including type-2 diabetes

Crypto startup CoinSwitch Kuber is 30th Indian unicorn with $260 mn funding

It is also the second crypto unicorn in the country, with valuation crossing $1.9 bn after Series C round led by Andreessen Horowitz

Live video startup 100ms raises $4.5mn in seed round led by Accel

100ms provides infrastructure that allows companies to add Zoom-style video conferencing inside their apps.

Tekion raises $250mn in Series D funding round; valuation nearly triples

The round was led by Alkeon Capital and co-led by Durable Capital. Other investors include Hyundai Motor and several reputable dealer groups across the US

Progcap raises $30 mn in Series C funding led by Tiger Global, Creation

Progcap has raised $55 million in total since the last three months and is positioned as the largest fintech in the corporate-led retailer financing space in India

Smartstaff raises $4.3 mn in seed funding from Blume Ventures and others

Smartstaff helps businesses hire and manage their blue collar workforce by digitising workforce management practices

Startup Loop Health raises $12 mn from Elevation Capital, Vinod Khosla

The health insurer has grown significantly, insuring over 50,000 members across 150 firms in the past 12 months and growing 50% month-over-month amid the pandemic

Live online tutoring startup Vedantu in unicorn club with $1 bn valuation

Vedantu has raised $100 mn in funding. The firm which is competing with Byju's, Unacademy, Simplilearn, UpGrad and Amazon Academy is also planning an IPO by 2024

Acceldata raises $35mn in Series B funding led by Insight Partners

This funding will be used tor expand its capabilities across data quality, data pipeline monitoring, and system infrastructure

CredAvenue raises $90 mn to scale up building infra to power debt markets

The funding round, led by Sequoia Capital India and co-led by Lightspeed, TVS Capital Funds and Lightrock, values the company at about $410 million

Vedantu is India's newest unicorn after $100-mn funding from ABC World

The Bangalore-based startup becomes the fifth Indian edtech unicorn after Byju's, Unacademy, UpGrad and Eruditus, and the third to reach the milestone this year.

Cashbook raises $2.3mn in seed fund led by JAM, Better Tomorrow Ventures

Kunal Shah, Anupam Mittal and a host of other angel investors also participated in the round

The Money Club raises pre-series A funds led by SOSV and Venture Catalysts

Founded by IIT Kharagpur friends, The Money Club leverages AI to effectively underwrite high frequency, micro pooling of funds by studying user behaviour

Biz2Credit to hire 150 new staff by 2021-end as it strengthens tech team

Biz2Credit is the company behind Biz2X, a global SaaS platform that enables financial institutions to provide customised online lending experience for MSMEs

Stem cell bank LifeCell secures Rs 255 cr from its founders and Orbimed

LifeCell is looking to further leverage its technological expertise to enter new categories like fertility health and cell-based therapeutics

Legal platform Legistify raises $500,000 in round led by Titan Capital

Indiamart, GSF Accelerator, Java Capital also participate in pre-Series A funding; early investors make a partial exit with 5x cash payout