Page 26 - Startup

Smytten raises $6 mn in Series A funding led by Fireside Ventures

With more than 5 million users, Smytten is one of the largest direct-to-consumer sampling platforms in India

AppsForBharat raises $4 mn in seed fund from Sequoia Capital and BEENEXT

The round also saw participation from WEH Ventures. The funds will primarily be used for product development and hiring tech talent

Probus Smart Things raises $500,000 led by Unicorn India Ventures

Probus develops integrated hardware and software solutions for utility providers and helps digitise their distribution grid

Maximl eyes global expansion to 20 countries, plans to raise over $10 mn

Firm says it is India's first connected worker platform for deskless workers, has expanded the past two years; clientele includes Tata Steel, RIL, BPCL and HPCL

Location-tech firm Locale.ai raises $1.3 mn from Chiratae, Better Capital

Locale.ai works with customers like Bounce, Dunzo and Omni, a Costa Rican taxi firm, to deliver insights and analytics on their location data.

Emeritus' value tops $3.2 bn with $650 mn funding from SoftBank, Accel

Capital would help the edtech startup create new products and industry verticals, expand its business serving govts and enterprises, double down on new geographies and fund acquisitions

SaaS startup Everstage raises $1.7 mn seed funding led by 3one4 Capital

Everstage helps companies drive performance of their customer-facing teams through its no-code sales commission automation platform. Some of the early customers include SaaS unicorns

Neuron7 raises $4.2 mn from Nexus Venture Partners, Battery Ventures

Cloud software start-up Neuron7 on Tuesday said it has raised seed investment of $4.2 million from Nexus Venture Partners and Battery Ventures.

Ronnie Screwvala's edtech startup upGrad a unicorn; valuation tops $1.2 bn

Closes a series of raises from Temasek, IFC and IIFL, mopping up a total of $185 million

Log 9 Materials raises $8.5 mn as part of Series A+ round led by Amara Raja

Amara Raja Batteries invests $5 mn; existing investors Exfinity Ventures and Sequoia Capital India's Surge Programme, alongside a clutch of new investors also participate

Bike taxi startup Rapido aims to add 500,000 autos across India by year-end

The firm said it is expanding its auto service to Bengaluru, taking the service to a total of 26 cities in the country

Post fundraise, bicycle sharing startup MyByk eyes public transport linkage

Looks to partner with state govts in its endeavour to transform into a Mobility as a Service (MaaS) platform

About 53,000 startups benefitted from DPIIT startup recognition: Govt

As many as 52,732 startups have been benefitted from the department for promotion of industry and internal trade (DPIIT) startup recognition initiative as on July 21, 2021

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.

Startup funding fever infects South Indian film industry too

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

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

Crypto startup Vauld raises $25 mn in round led by Peter Thiel's fund

Firm said it has seen 124.4% QoQ growth in AUM from 1Q21 to 2Q21. Vauld will leverage the capital to build its team, aiming to fill at least a hundred new roles and further its global expansion

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.

Beauty brand MyGlamm closes Accel-led funding round at Rs 530 crore

The top-up was led by marquee global venture capital firm Accel along with existing investors

Flipkart Ventures, Tiger Global invest in Thrasio-style venture G.O.A.T

G.O.A.T was founded by Rameswar Misra and Rishi Vasudev, a veteran retail executive, who previously headed Flipkart's fashion business.