Page 42 - Fundings
InMobi Group: This Make-in-India innovator is raring to go places
Glance, the home-grown firm's newest business, has just received major funding from an unexpected source - Google - vaulting the 18 month-old-unit to Unicorn status
 "InMobi Group: This Make-in-India innovator is raring to go places")
Fintech startup Stripe in talks for new funding at much higher valuation
The company could have a valuation of more than $70 billion or significantly higher, at as much as $100 billion, after the funding, the report said
 "Fintech startup Stripe in talks for new funding at much higher valuation")
Chargebee, start-up that helps companies in billing, raises $55 mn
Insight Partners led the financing round, with existing investors Steadview Capital and Tiger Global joining in. The nine-year-old start-up has raised $105 million to date
 "Chargebee, start-up that helps companies in billing, raises $55 mn")
Symphony Asia, Lightbox lead $12.5 mn round in jewellery start-up Melorra
The firm has been bringing in global fashion trends into lightweight gold jewellery and launching 75 designs every week with 80% of collection below Rs 35,000
 "Symphony Asia, Lightbox lead $12.5 mn round in jewellery start-up Melorra")
Insurance firm ACKO raises Rs 441 crore in funding round led by Munich Re
Insurance firm ACKO on Wednesday said it has raised about Rs 441.8 crore in a funding round led by Munich Re Ventures
DPIIT working on credit guarantee, seed fund schemes for startups
This scheme would give banks a comfort to lend, he said adding that it was for credit not for venture capital
Zomato raises Rs 456 cr from Temasek subsidiary MacRitchie Investments
Business Standard had earlier reported in August that the Bengaluru-based company was planning to raise capital from MacRitchie by allotment of 15,188 shares
 "Zomato raises Rs 456 cr from Temasek subsidiary MacRitchie Investments")
Mitron raises $5 mn in Series-A round led by Nexus Venture Partners
Company will use proceeds to accelerate product development and increase user engagement. It plans to onboard content creators on the app
 "Mitron raises $5 mn in Series-A round led by Nexus Venture Partners")
Toppr raises Rs 350 crore in Series D funding to scale up AI platform
With this, Toppr has now raised Rs 700 crore in all and will use these funds to grow its AI learning platform with over 13 million registered students and to launch new platforms for coding
 "Toppr raises Rs 350 crore in Series D funding to scale up AI platform")
Glance in talks with US, Japanese investors to raise $200-250 million
Glance, positioned as a subsidiary of InMobi, has so far raised one round of $45 million from Mithril Capital
 "Glance in talks with US, Japanese investors to raise $200-250 million")
Mobility firm Yulu raises $3.9 mn in equity funding round led by Rocketship
So far, the Bengaluru-based start-up has raised more than $20 million in funding from investors like Bajaj Auto, Blume Ventures, 3one4 Capital, Wavemaker, and now US-based Rocketship, among others
 "Mobility firm Yulu raises $3.9 mn in equity funding round led by Rocketship")
Programming paltform Postman secures $150 mn funding by Insight Partners
More than 11 million users around the world use Postman to streamline collaboration and simplify each step associated with building APIs
 "Programming paltform Postman secures $150 mn funding by Insight Partners")
Start-ups looking to tap into venture debt, avoid large funding rounds
Most start-ups are also not expecting to get the right valuation at this time, as the lockdown imposed to curb the virus' spread has severely disrupted business
 "Start-ups looking to tap into venture debt, avoid large funding rounds")
Space technology startup VestaSpace raises $10 mn from Next Capital LLC
The firm is capable of building small satellite platforms for applications such as communications and earth observation missions, among others
 "Space technology startup VestaSpace raises $10 mn from Next Capital LLC")
We regret US decision to halt WHO funding: Tedros Adhanom Ghebreyesus
He said, the United States of America has been a longstanding and generous friend to WHO, and we hope it will continue to be so
We regret US decision to halt WHO funding: Tedros Adhanom Ghebreyesus
He said, the United States of America has been a longstanding and generous friend to WHO, and we hope it will continue to be so
 "We regret US decision to halt WHO funding: Tedros Adhanom Ghebreyesus")
ADB triples financial aid for members to $20 billion to fight virus
The Asian Development Bank said it has also approved measures to streamline its operations for quicker and more flexible delivery of assistance
 "ADB triples financial aid for members to $20 billion to fight virus")
Coronavirus impact: Early funding of start-ups may hit a stumbling block
This comes as seed investments in India during the January-March quarter, which was hit by the lowest level in five quarters
 "Coronavirus impact: Early funding of start-ups may hit a stumbling block")
Tiger Global-backed Vedantu raises $24 million in extended Series C round
Vedantu plans to expand into newer categories with fresh funding
 "Tiger Global-backed Vedantu raises $24 million in extended Series C round")
Indian agri-tech start-ups got $248-mn funding in 2019, says Nasscom
The report said there has been a 1.7-times increase in average farmer income in last decade
 "Indian agri-tech start-ups got $248-mn funding in 2019, says Nasscom")