Page 9 - Startup Funding

Indian husband and wife entrepreneurs mint own unicorns within a year

Ruchi Kalra co-founded digital lending startup Oxyzo Financial Services; her husband Asish Mohapatra set up OfBusiness to provide financing using technology.

IPV launches Physis Capital with fund size of $50 mn for startups

Physis Capital will build a portfolio of 15-20 startups with an average ticket size of $2.5 million.

Junio raises $6 mn in pre-series A funding round led by NB Ventures

Junio aims to digitise pocket money for children and be the preferred digital payment option.

Pocket FM raises $65 mn in funding from Goodwater Capital, Naver, Tanglin

Pocket FM offers over 1,00,000 hours of long-format content, audio series, stories, novels, podcasts, and knowledge shows in 8 languages

Google, MeitY to help 100 Indian startups for making global apps, games

As part of the 6-month programme Google and MeitY, will train 100 startups through a customised curriculum designed to help them drive high-quality apps for a global market

Volopay raises $29 mn from Winklevoss twins, JAM Fund, and others

Volopay has amassed a clientele with the likes of CoinDCX, Livspace, MPL, InVideo, and MX Media.

ExactSpace Technologies raises $1.4 mn in seed funding led by Thermax

ExactSpace Technologies' proprietary AI platform Pulse combines algorithms which 'learn' about machine behaviour with expert knowledge of the industry to help operators make accurate decisions.

Testsigma raises $4.6 million in seed funding led by Accel, STRIVE

Testsigma's open-source test automation platform is designed to enable modern software development teams to test and release products quickly, continuously, and at scale.

Data centre specialist Princeton Digital raises $500 mln, led by Mubadala

The funding will enable the Princeton Digital to deepen its presence in Japan, India, Singapore.

Ex-Twitter India chief Manish Maheshwari's Invact Metaversity raises $5 mn

Antler India invested in Invact Metaversity alongside other global institutional investors like Arkam Ventures from India, Picus Capital, M Venture Partners, BECO Capital and 2am VC

Propelld raises $35 mn in Series-B funding led by WestBridge Capital

Propelld has tie-ups with over 550 educational institutes and is currently clocking an annual loan disbursal run rate of Rs 600 cr.

Fintech platform Propelld raises $35 mn to boost education finance biz

Currently employing around 150, Propelld plans to add another 100-150 employees over the next year across technology, business development and collections.

Scrut raises $3 mn in seed funding led by Lightspeed, Endiya Partners

Founded in 2021, Scrut's mission is to be a virtual Chief Information Security Officer (CISO), reducing the CTOs and compliance teams' effort in managing iInfosec compliance by ~70%

CoLearn raises additional $17 mn in Series A follow-on funding round

The funding which brings CoLearn's funding total to $34 million will be deployed to strengthen CoLearn's go-to-market strategy.

Headout raises an additional $30 million in Series B financing round

The investment is led by existing investor Glade Brook Capital with the participation of existing investors Nexus Venture Partners, FJ Labs and 500 Startups, among others

Thrasio-styled venture UpScalio invests in home, gardening brand Truphe

Honey Gupta started Truphe in 2015. The brand has seen immense growth in the last few years, riding on the spike in customer interest in gardening, said the company.

Growth School raises $5 mn led by Sequoia Capital and Owl Ventures

The startup plans to venture into newer markets and as part of that foray, also explore metaverse for education

SaaS Labs raises $42 mn in series B funding led by Sequoia Capital

The round also saw participation from prominent Silicon Valley angel investors such as Amit Agarwal, Allison Pickens, Anand Chandrasekaran, and Michael Stoppelman

MyCaptain raises $3 mn in Pre Series-A funding led by Ankur Capital

This funding will be utilised to further scale course offerings, acquire more users, and expand the team

Premium e-bike maker EMotorad raises $3-million in seed round funding

EMotorad has raised $3-million in a strategic seed round funding from two investors for scaling up its current facilities and expanding its presence across the domestic and overseas markets