Page 41 - Fundings

Baggage delivery firm CarterX raises funds from Venture Catalysts

On-demand baggage delivery platform CarterX on Friday said it has secured an undisclosed seed-round from Venture Catalysts

Urban Company crosses $2.1 bn valuation, plans international expansion

Home services startup plans to go to 100 more Indian cities after raising $255 million in funding

Rural fintech startup Jai Kisan raises $30 mn in funding from Mirae Asset

Rural fintech startup Jai Kisan on Monday said it has raised USD 30 million (about Rs 217 crore) in a combination of equity and debt funding led by Mirae Asset

Insurance startup Plum raises $15.6 mn Series A funding led by Tiger Global

Group health insurance startup Plum said on Monday it has raised a USD 15.6 million Series A led by Tiger Global with participation from earlier investors Sequoia Capital India's Surge, Tanglin Venture Partners, Incubate Fund and Gemba Capital. Angel investors in this round include Kunal Shah (founder, Cred), Gaurav Munjal, Roman Saini and Hemesh Singh (founders of Unacademy), Lalit Keshre, Harsh Jain and Ishan Bansal (founders of Groww), Ramakant Sharma & Anuj Srivastava (founders of Livspace), and Douglas Feirstein (founder of Hired). Bengaluru-headquartered Plum raised USD five million in earlier rounds last year. With over 600 organisations on-boarded, Plum said in a statement it has been witnessing a growth rate of 110 per cent quarter-on-quarter. Its client base includes SMEs, corporates and 'fast- growing' startups in India, including Groww, Unacademy, Twilio, CleverTap, UrbanLadder, smallcase and Simpl, the statement said. The funds raised will be used to ..

Logistics firm Delhivery raises $277 million, now valued at $3 billion

Delhivery has reportedly raised $277 million in its latest round of funding, taking its market valuation to nearly $3 billion

FanCode raises $50 mn from Dream Sports, plans 100 million user base

The company said it has live-streamed nearly 30,000 hours of sports content and aims to have a user base of 100 million in a year

Essar Oil UK raises $850 mn from diverse sources to retire earlier loans

With this, the firm has more low-cost liquidity to meet upcoming needs, can focus on its transition to become a low-carbon energy provider" with greater vigour

SK Corp to invest tens of billions of shares in US hydrogen firm Monolith

SK Corp, the holding company of SK Group, has decided to invest tens of billions of won worth of shares in Monolith, an American hydrogen company, and plans to sign a contract within this month

The start, not the end, of Unicorn seeding

Conditions are ripe in a broad range of sectors for strong growth and innovation

Chargebee's valuation triples to $1.4 bn in 6 months, raises $125 mn

The global pandemic has accelerated the already growing shift to SaaS (software-as-a-service) and subscription-based business models from cars to coffee providers

Lo! Foods raises $1mn in pre-series A funding led by Chona Family Office

Bengaluru-based Lo! Foods on Friday said it has raised USD 1 million (about Rs 7.4 crore) in funding, led by the Chona Family Office, the erstwhile promoters of Havmor Ice Cream. The pre-series A round also saw participation from Ecosystem Ventures, Raveen Sastry (Co-Founder, Multiply Ventures), KRS Jamwal, Pratyush Prasanna (Gojek) among others, a statement said. The funds will be used towards accelerating growth, strengthening existing distribution networks and ramping up marketing, it added. Started in 2019 by Sudarshan Gangrade, Lo! Foods offers low-carb and Keto-friendly packaged products. It also has also ramped up to 20 cloud kitchens across Bengaluru, Delhi, Gurugram and Hyderabad that offer fresh low-carb food on demand through food delivery apps. * * * * AnKa SumMor raises Rs 3 cr funding led by Inflection Point Ventures * AnKa SumMor, a Sales and Distribution (S&D) platform for the FMCG sector, on Friday said it has raised Rs 3 crore in funding, led by Inflection ...

Online used car retailing platform Spinny raises $65 mn in funding round

Spinny, an online platform for selling pre-owned cars, has raised $65 million in a funding round, led by Silicon Valley-based venture capital firm General Catalyst

AR-based toy startup PlayShifu raises $17 mn in Inventus-led Series B round

Existing investors Chiratae Ventures and Bharat Innovation Fund also participated in the round. With this round, the company has so far raised a little over $25 mn

Byju's raises $460 mn in ongoing Series F round led by MC Global Edtech

As reported earlier, Byju's is in talks to raise up to $700 million from new and existing investors in a fresh funding round

Sequoia Capital India closes $195-million seed fund to foster start-ups

69 startups in four cohorts have received a combined $172 million

Jimmy raises Rs 6 cr funding from Vinay Agarwal, Keki Mistry, others

Radiohead Brands, which makes Jimmy's cocktail mixers, on Tuesday said it has raised Rs 6 crore funding led by First State Stewart Asia Director Vinay Agarwal, HDFC Ltd CEO Keki Mistry and others.

ReNew Power pins hopes on Nasdaq listing for funding need till FY25

In an investor call by ReNew and RMG, the firm said it expects revenues to grow 30 per cent until 2025

Covid-19 vaccination: Serum Institute to gain from G7's boost to COVAX

The immediate contribution will be $2 billion. More than 180 nations are yet to administer a single dose of the Covid vaccine

IDFC First Bank gets board approval for Rs 3,000 crore fund mop-up

Private sector IDFC First Bank on Thursday said its board has okayed raising up to Rs 3,000 crore through various means.

Ultratech Cement to raise up to Rs 3,000 cr via US dollar denominated bond

The company said it is contemplating listing of the Notes on the Singapore Stock Exchange, subject to market conditions