Page 38 - Fundings

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

Axio raises $6 mn in Series B2 equity round led by TrueScale Capital

Axio Biosolutions Private Limited, India (Axio), a wholly-owned subsidiary of Boston-based Advamedica Inc is a developer of hemostatic and advanced wound care products

ShareChat raises $145 mn from Temasek, others at near $3 bn valuation

The funding signals growing fascination for Indian content-sharing and short-video apps.

Beauty brand MyGlamm raises Rs 355 crore in funding from Accel, others

MyGlamm on Tuesday said it has raised Rs 355 crore in fresh funding from Accel, along with participation from existing investors, taking the total funds raised in this round to Rs 530 crore

Honasa secures $50 mn in funding led by Sofina Ventures SA

Honasa Consumer Pvt Ltd (HCPL), which runs personal care brand Mamaearth, on Monday said it has raised USD 50 million (372.4 crore) in funding led by Sofina Ventures SA

Simpliwork Offices plans to raise $50-60 mn to expand business

Realty firm Salarpuria Sattva's co-promoted Simpliwork Offices plans to raise $50-60 mn as equity to expand business in India and enter into overseas markets

16 unicorns, $11bn funding: Indian startups rise sans Chinese money

The great Indian tech startup story is being rewritten amid the Covid-19 pandemic as traditional sectors still bear the brunt.

Ayurveda platform NirogStreet raises $2.5 mn in Series A funding

Ayurveda doctor platform, NirogStreet said it has raised $2.5 million in Series A funding from investors such as Gokul Rajaram, Pureland Venture, and Wavemaker Partners among others.

HealthifyMe raises $75 mn funding from Khosla Ventures, LeapFrog

HealthifyMe said its users have lost 20 million pounds of weight, tracked over 1 billion foods and burnt over 66 billion calories working out on HealthifyMe.

Bella Vita Organic raises $10 million to scale up personal care products

The firm, which has a portfolio of face care, body care and hair care products, has been profitable since inception and plans to push the pedal on growth with this fund-raise

Tatva Chintan Pharma Chem raises Rs 150 cr from anchor investors

Tatva Chintan Pharma Chem on Thursday said it has garnered Rs 150 crore from anchor investors ahead of its initial share sale, which will open for public subscription on Friday.

Netradyne raises $150 mn from Softbank Vision Fund and others

US based start-up Netradyne on Thursday said it has raised USD 150 million in series C round led by Softbank Vision Fund at a valuation close to USD 1 billion.

Inshorts raises $60 million from Vy Capital and existing investors

News app Inshorts on Thursday said it has raised USD 60 million (about Rs 445 crore) in funding from Vy Capital and existing investors. Inshorts also operates a location-based social media platform Public. With this, the company has raised USD 140 million in the last one year from investors, including Addition, Tiger Global, SIG, A91 and Tanglin Venture Partners. The world is changing every minute, and each one of us has an inherent desire to remain updated about these changes. Both Inshorts App and Public App are aimed to help some of these people in their quest of keeping themselves informed and we are thrilled to have Vy Capital join us in our journey, Inshorts Co-Founder & CEO Azhar Iqubal said. The English news app claims to have 10 million users on its platform, while another app Public claims to have 50 million active users. "We are excited to partner with Azhar and team in their journey to build one of the largest content platforms out of India, running two market-leading

Sewa International raises $30 million, airlifts medical equipment to India

An Indian-American non-profit body said it has raised more than USD 30 million towards its COVID-19 relief efforts in India and has airlifted a fresh lot of medical equipment to the country. Sewa International USA is procuring needed medical equipment like oxygen concentrators and shipping them to India, it said in a statement. Sewa said that a planeload of medical equipment have reached New Delhi marking yet another milestone in its efforts to supply much-needed medical equipment to India to help the country fight the COVID-19 pandemic. Sandeep Khadkekar, vice president, Marketing & Fund Development, Sewa International, said, "I consider it to be a great privilege to be present here as a Sewa International representative at the San Bernardino Airport on this occasion to send oxygen concentrators to India by air." For this, Sewa partnered with Another Joy Foundation to help in transporting lifesaving supplies to India. Since its inception, Another Joy Foundation has been involved .

SaaS platform Bookee raises pre-seed funding from Antler India, others

Founded in 2020 by Vistar Singh and Rajat Hans, Bookee is a complete business solution developed with the needs of fitness entrepreneurs at its core

Construction mgt app Powerplay raises $5.2 mn from Accel, Surge and others

Powerplay is a free mobile app that connects multiple stakeholders involved in construction, enabling them to communicate and collaborate more efficiently

Teachmint raises $20 million in funding round led by Learn Capital

Edtech platform Teachmint on Thursday said that it has raised USD 20 million (around Rs 149 crore) in a pre-series B round led by Learn Capital with participation from CM Ventures. The company plans to use the fresh funds on the development of live teaching technology as well as aid the enhancement of their product. "The funding will also fuel Teachmint's expansion into newer markets and the hiring of skilled talent," the company said in a statement. Teachmint provides a video-based teaching platform for teachers. In May 2021, Teachmint raised USD 16.5 million in series A funding led by Learn Capital with participation from CM Ventures, Lightspeed, and Better Capital. "It has been truly humbling to see the widespread adoption of Teachmint by teachers and students across India. With our platform usage growing 25 times over the last quarter, we are becoming the default teaching application in India and the largest live teaching platform globally, outside China," Teachmint co-founder