Page 38 - Fundings

Stride Ventures announces first close of Stride Venture India Fund II

Stride Ventures has made disbursals of over Rs 400 crore in 2021 through 20 investments

BharatPe's valuation crosses $2.85 bn in $370 mn in Series E equity round

The funding would help the firm compete and take on players such Pine Labs, Paytm and Mswipe

Fintech firm BharatPe valued at $2.85 bln after Tiger Global-led funding

Tech startups have recorded a surge in funding this year as investors bet on companies that are likely to benefit in the post-pandemic world.

Infra.Market raises $125 mn funding led by Tiger Global, valued at $2.5 mn

Online marketplace for construction materials Infra.Market has raised USD 125 million (about Rs 928 crore) in Series D round led by Tiger Global, valuing the platform at USD 2.5 billion. Founded by Souvik Sengupta and Aaditya Sharda in 2016, the Thane-based firm is a construction solutions company that leverages technology to provide an enhanced procurement experience for all players in the sector. It will use the funds to enhance its technological offerings, enter newer markets and advance their initiatives such as private label brands, direct to retail channel and exports, apart from increasing its presence across product verticals and look at acquisition opportunities, the company said in a statement on Tuesday. The company is targeting the USD 140-billion construction materials market with a strong focus on the infrastructure sector, as it expects to significantly benefit from the ongoing investment in infrastructure projects under the national infrastructure pipeline, which has

StackBox raises $1.2mn funding from Ecosystem Ventures, others

With the fresh funding, the company plans to set up more fulfillment centres to service customers in different geographies and tech development.

Agri-tech firm Krishify raises $2.7 mn from investors for expansion of biz

In a pre-Series A funding round, the company has raised funds led by Omidyar Network India, Ankur Capital, and existing investor Orios Ventures.

Edtech startup Skill-Lync raises $17.5 mn in funding led by Iron Pillar

Company say it has collaborated with over 800 industry experts for creating course content.

Edtech start-up Skill-Lync raises $17.5 million in series A financing

Engineering focused edtech start-up Skill-Lync has raisedUSD 17.5 million in Series A round, led by Iron Pillar,a venture growth investor backing globaltechcompaniesbuilt from India. Existing investorsY Combinator and Better Capital also participated in thisfunding round, it said in a statement. In addition,Binny Bansal (Co-founder of Flipkart),Sai Krishnamurthy (ex-Flipkart;Co-founder of Xto10X)and Rashmi Kwatra (Founder of Sixteenth Street Capital) joined as new investors. Skill-Lync said it provides"job leading industry- relevant"coursesin themechanical, electrical,civiland computer science engineering domains forstudents in India and other parts of the world. "Interdisciplinary and job-orientedcoursesin topicssuch as Electric Vehicle Design, Embedded Systems design, Autonomous Vehicle,Renewable Energy, Full-Stack Development, Data Analytics and Construction Project Management,ensure the alignment of the engineering talent pool with the needs of these industries,

Startup funding fever infects South Indian film industry too

Superstar Nayanthara and director Vignesh Shivan invest in Chennai-based Chai Waale

Supply chain tech firm 3SC raises $15 mn to expand across Europe, SE Asia

The company plans to strengthen its existing software as a service (SaaS) and Analytics as a service (AaaS) based SCM solutions through both organic and inorganic routes

Cloud-garage startup Fixcraft raises $1 million in pre-series A round

The brand has already serviced 3,500 customers till date and plans to double the number by the end of the financial year 2021-22

Biconomy raises $ 9mn in pvt funding round led by DACM, Mechanism Capital

Biconomy was founded in 2019 and to date, it has raised $10.5 million.

Skincare brand Minimalist raises Rs 110 crore through multiple investors

The round was led by Sequoia Capital India, with participation from Unilever Ventures, the venture capital arm of British multinational consumer goods company.

Messaging firm Gupshup raises $240 mn from existing and new investors

This funding round follows the $100 million raise from Tiger Global in April, at a $1.4 billion valuation. Gupshup's valuation remains unchanged post the current round

Skymet raises funds to boost tech for accurate forecast of floods, cyclones

Amount will help in setting up more ground observation units in calamity-prone eastern India. Skymet aims to help mitigate risks and provide accurate data to farmers in the region

Skymet raises funds to boost tech for accurate forecast of floods, cyclones

Amount will help in setting up more ground observation units in calamity-prone eastern India. Skymet aims to help mitigate risks and provide accurate data to farmers in the region

Skymet raises Rs 12cr in debt funding from Northern Arc, Caspian Impact

According to Allied Market Research, need for more accurate prediction has unleashed a wider domain for the global weather forecasting market to grow from $1.2 bn in 2016 to $2.7 bn by 2023

AR-based social media platform Flam raises $3.5mn led by Inventus Capital

Flam brings AR to consumers with FlamCards that print videos on card

Bandhoo raises $1.1 mn funding to make labour market more transparent

Construction is a $200 billion market in India and so far hasn't adopted much technology in its operations and Bandhoo is tapping that opportunity.

Media processing company Gumlet raises $1.6 mn led by Sequoia's Surge

Gumlet helps developers resize and optimise their images and videos in accordance with the end user's device or browser