Page 32 - Funding

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

FloBiz raises $31 mn in Series B round led by Sequoia, Think Investments

Existing investors Elevation Capital and Beenext also participate along with host of angels

Tiger Global leads $35 mn funding in AI semiconductor company Deep Vision

Deep Vision's AI processor helps provide camera-based applications like smart retail, driver-monitoring systems, smart city, drones, and factory automation

Fintech startup Paytail raises $1.5 mn seed from Cholamandalam, others

Along with Cholamandalam, Paytail is committed to building a network of other large financial institutions to cater to the pre-approved loan offers for consumers

Two Tamil Nadu angel networks join hands to fund startups in the state

Both networks will coordinate and plan common pitch sessions on a case-by-case basis, will also support startups in select activities

B2B edtech Eupheus Learning raises $10 mn in Series C from Lightrock India

Eupheus will use the funds to scale faster, pursue inorganic growth via acquisitions. It aims to democratise access to 21st Century learning solutions to school students

Google, 3one4 Capital, and Temasek invest Rs 453 cr in neo-bank Open

Existing investor Tiger Global also participates in Series C round; Open claims to be one of the country's largest SME banking platforms; last Feb it had processed $11 bn in transactions

Ronnie Screwvala's Unilazer leads $10 mn funding round in Lido Learning

The company plans to use this new round of capital to fuel its aggressive expansion plans in India as well as abroad

Teen career accelerator Clever Harvey raises $1.5 mn in pre-series A round

The funding was led by TechNova Ventures, Tom Varkey and Multiply Ventures, with participation from existing investor, Education Catalyst Fund

WeRize raises $8mn in Series A led by 3one4 Capital, Picus and others

WeRize is a full stack provider, developing and distributing a wide range of customised credit, group insurance and savings products for 100 mn homes and 300 mn individuals in 4,000-plus small towns

Vahdam raises Rs 174 cr from IIFL AMC, Kris Gopalkrishnan's family office

The company, which sells teas, spices and superfoods to the US, Canada and Europe, has raised a total of over Rs 290 crore so far

Biddano raises funding to build India's largest healthcare supply chain

The new funding will enable Biddano to fulfill strong market demand for its supply chain platform by investing in product, engineering and go-to-market teams.

Invest-tech platform dezrve. raises $7 million in seed funding round

The seed funding round was co-led by Elevation Capital and Matrix Partners India, with participation from investors such as Whiteboard Capital and Blume Founders Fund