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THE WEEK THAT HAS BEEN: Startups Raise $680 Million And Counting!

With more and more companies assuming unicorn startups in India, it has been an eventful week for startups in India, drawing in national as well as international investors to invest in them.

KKR Invests US$95 Million In Lenskart

Upon the completion of the transaction, KKR will look to leverage its experience working with leading technology and eyewear companies globally to support Lenskart in expanding its presence in India, scaling its growing operations overseas, and enhancing its digital offerings to augment customers’ virtual and omni-store experience.

Read more at: http://bwdisrupt.businessworld.in/article/KKR-Invests-US-95-Million-In-Lenskart/17-05-2021-389847/

Pine Labs Completes A First Close Of $285M Funding From New Cross-Over Investors               

Existing investors Temasek, Lone Pine Capital and Sunley House Capital also participated in this funding round. In this significantly oversubscribed round, in addition to primary proceeds, Pine Labs enabled secondary transactions for its founder, employees and early shareholders as it is already a well-financed company with a strong balance sheet and has been EBITDA profitable for several years.

Read more at: http://bwdisrupt.businessworld.in/article/Pine-Labs-Completes-A-First-Close-Of-285M-Funding-From-New-Cross-Over-Investors/17-05-2021-389848/

Healthcare Edtech Start-up Virohan Raises A Total Of $3 MN In Series A Funding Led By Rebright Partners

Virohan will use the funds to expand to over 160 new campuses pan India with an aim to strengthen the Indian healthcare system by creating an army of specially trained allied healthcare workforce which will help tackle the ongoing covid-19 crisis.

Read more at: http://bwdisrupt.businessworld.in/article/Healthcare-Edtech-Start-up-Virohan-Raises-A-Total-Of-3-MN-In-Series-A-Funding-Led-By-Rebright-Partners/17-05-2021-389863/

Fintech Startup BankSathi Raises $200K Seed Round From Angel Investors

Speaking on the announcement, Jitendra Dhaka, Founder & CEO at Banksathi Technologies said, “The seed funds raised will be utilized on product development, team building, and executing marketing and growth plan. We currently have 5000+ Advisors across 700 PIN codes of India; with a total Advisor Income of 75 Lacs earned till now, currently, we have 45 products of 15 Financial Institute in our Bucket to sell.”

Read more at: http://bwdisrupt.businessworld.in/article/Fintech-Startup-BankSathi-Raises-200K-Seed-Round-From-Angel-Investors/17-05-2021-389923/

Northern Arc Capital Syndicates €10 Million Debt Facility From BANK IM BISTUM ESSEN Eg (BIB) To Fusion Microfinance

BIB’s EUR 10 million (c. INR 88 crore) funding to Fusion will provide systemic liquidity to Fusion and will be utilized to provide microloans to women borrowers from low-income households, increasing their access to finance and for the growth of their businesses.

Read more at: http://bwdisrupt.businessworld.in/article/Northern-Arc-Capital-Syndicates-10-Million-Debt-Facility-From-BANK-IM-BISTUM-ESSEN-Eg-BIB-To-Fusion-Microfinance/17-05-2021-389960/

Moglix Becomes Latest Startup To Join Unicorn Club After $120 Million Fund Raise

Moglix is India’s biggest and quickest developing B2B business stage in the mechanical and MRO (support, fix and activities) acquirement space with a reasonable first-mover advantage. Moglix, which was established in 2015 by IIT Kanpur and ISB former student Rahul Garg, gives answers for in excess of 500,000 SMEs and 3,000 assembling plants across India, Singapore, the UK and the UAE.  

Read more at: http://bwdisrupt.businessworld.in/article/Moglix-Becomes-Latest-Startup-To-Join-Unicorn-Club-After-120-Million-Fund-Raise/17-05-2021-389977/

India Inc’s Foreign Investment Jumps Over Two-folds To $2.51 Billion In Apr’21

Of the total commitment of USD 2.51 billion in April this year by the Indian company owners, USD 1.75 billion was in the form of loan, USD 421.42 million as equity capital and USD 333.11 million was chipped in through issuance of guarantee, showed the RBI data on OFDI for the month of April 2021.

Read more at: http://bwdisrupt.businessworld.in/article/India-Inc-s-Foreign-Investment-Jumps-Over-Two-folds-To-2-51-Billion-In-Apr-21/18-05-2021-390002/

Affable AI Raises $2M In Latest Round Of Funding

The start-up helps companies run influencer-based marketing campaigns powered by Artificial Intelligence and Machine Learning. Its services are also accessed by 45 companies, including Wipro, Huawei, Pomelo, Dentsu, Omnicom, Fresh, and We Communications. The company keeps a track of over three million influencers across social media platforms.

Read more at: http://bwdisrupt.businessworld.in/article/Affable-AI-Raises-2M-In-Latest-Round-Of-Funding/18-05-2021-390013/

Mogi IO – AI based Video Tech SaaS venture Raises Funding from Pentathlon Ventures

The capital raised will be used by Mogi to strengthen the product & make it more scale-able & robust. Along with this, the startup plans to expand its footprint to tap the overseas market. Mogi recently appointed sales partnerships in the Middle East & Singapore region.

Read more at: http://bwdisrupt.businessworld.in/article/Affable-AI-Raises-2M-In-Latest-Round-Of-Funding/18-05-2021-390013/

Atonarp Announces $50M Series D Financing To Scale its Molecular Sensing And Digital Diagnostics Testing Platforms

The new funding will allow the company to expand its operations to meet growing customer demand in its current markets and expedite the development and commercialization of its molecular diagnostics products. The company has announced the appointment of Shaun Holt as its chief operating officer (COO).

Read more at: http://bwdisrupt.businessworld.in/article/Affable-AI-Raises-2M-In-Latest-Round-Of-Funding/18-05-2021-390013/

FabAlley’s Parent Company Raises INR 25.50 Cr in Funding

Delhi-based fashion house, High Street Essentials (HSE), the parent company behind women’s fashion brands, FabAlley and Indya, has raised INR 25.50 Cr in a round of funding led by its existing investors Elevation Capital, India Quotient, Dominor Holding and family offices. The latest infusion of capital comes after the company raised INR 20.75 Cr in June 2020 in the midst of the first wave of the COVID-19 pandemic.

Read more at: http://bwdisrupt.businessworld.in/article/FabAlley-s-Parent-Company-Raises-INR-25-50-Cr-in-Funding-/19-05-2021-390174/

Fabheads Raises INR 8 Crore In pre-Series A Round Of Funding

The funds raised will be used for building global sales, strengthening the R&D team, setting up infrastructure, and distribution network to support the growth of the platform. Presently, Fabheads offers manufacturing and design to robotics, drones, and shipping companies across India. A few of the companies under its portfolio are Synergy Marine Plants, E-plane Company, and Aeronautical Development Agency.

Read more at: http://bwdisrupt.businessworld.in/article/Fabheads-Raises-INR-8-Crore-In-pre-Series-A-Round-Of-Funding/19-05-2021-390257/

BlissClub Lands $2.25 Million In Seed Funding Led By Elevation Capital

BlissClub will utilize the funds to develop the group, for item advancement and showcasing, it said. The organization is at present Ebitda-positive, it said in an articulation. Founded a year ago by Minu Margeret, BlissClub plans sports apparel explicitly for Indian womens.

Read more at: http://bwdisrupt.businessworld.in/article/BlissClub-Lands-2-25-Million-In-Seed-Funding-Led-By-Elevation-Capital/20-05-2021-390303/

ANSR Secure $15 Million From Sistema And Evolvence

ANSR will use the assets brought up in this round to quickly develop and scale its business by fortifying its worldwide deals capacities and foster new worldwide areas to set up GCCs across Eastern Europe, UAE and Canada. It will likewise put resources into man-made reasoning (AI)- drove innovation for items like Talent500 and Workspace, and reinforcing its becoming worldwide counseling practice.

Read more at: http://bwdisrupt.businessworld.in/article/ANSR-Secure-15-Million-From-Sistema-And-Evolvence/20-05-2021-390308/

Agnikul Raises $11 Million In A Series A Funding

The organization said that the assets raised would be sent to fortify and assemble powerful innovation framework, grow ground testing and construct a group to help Agnikul become India’s first private player to dispatch satellites in space. As a piece of this round, Mayfield India’s overseeing accomplice Vikram Godse will join the leading group of the organization.

Read more at: http://bwdisrupt.businessworld.in/article/Agnikul-Raises-11-Million-In-A-Series-A-Funding/20-05-2021-390309/

Adventure Sports Start-up Reccy Adventures Raises Seed Round From Rebel Foods Founders

Reccy has indicated that the funds raised will be used on aggressive headcount expansion, as well as developing their product range. Reccy shall offer a slew of products and services, ranging from e-commerce in the activewear, accessories, and gear space, to discovery and booking of outdoor and adventure activities, to access to coaching, training, competitions, local sports, recovery, and rehabilitation, as well as sport-specific communities.

Read more at: http://bwdisrupt.businessworld.in/article/Adventure-Sports-Start-up-Reccy-Adventures-Raises-Seed-Round-From-Rebel-Foods-founders/20-05-2021-390319/

Hyd Startup Skyroot Raises $11 Mn Series A Funding; Looks At $ 40 Mn More

According to a press release issued by the city-based startup, the funding also saw participation from public listed entity Solar Group, a major Space and Defence supplier, Former-Whatsapp CBO Neeraj Arora, existing investor Mukesh Bansal (founder of Myntra and CureFit), Worldquant Ventures, Graph Ventures, Sutton Capital, Vedanshu Investments, and few angels.

Read more at: http://bwdisrupt.businessworld.in/article/Hyd-Startup-Skyroot-Raises-11-Mn-Series-A-Funding-Looks-At-40-Mn-More/20-05-2021-390331/

NextBillion.ai Raises USD 6.25 Mn Funding From M12

‘In the M12 team, we have found a long-term champion that is helping us scale and expand to North America and other global markets. The access provided by M12 will assist us in building a decentralized, tailored, and cost-effective mapping platform that delivers the highest level of performance and quality for even our largest and most demanding enterprise customers,’ NextBillion.ai co-founder Ajay Bulusu said.

Read more at: http://bwdisrupt.businessworld.in/article/NextBillion-ai-Raises-USD-6-25-Mn-Funding-From-M12/21-05-2021-390409/

Esper Gets $30 Mn Funding From Scale Venture Partners, Others

The investment brings Esper’s total funding to USD 40.6 million. The company had raised USD 7.6 million in series A round in February last year. With the new funding, Esper plans to continue to build out its product portfolio and expand its infrastructure platform to support even larger workloads. Additionally, Esper plans to expand its team in India and the US…,’ it added.

Read more at: http://bwdisrupt.businessworld.in/article/Esper-Gets-30-Mn-Funding-From-Scale-Venture-Partners-Others/21-05-2021-390419/

Wysa Raises $5.5mn Funding From W Health Ventures, Google Assistant Investments, Others

The series A round also saw participation from the Google Assistant Investment Programme, and existing investors pi Ventures and Kae Capital, a statement said. Wysa will use this capital to expand its enterprise customer base and scaling up its sales team and therapist network, it added. To date, the startup has raised close to USD 9 million (about Rs 65.7 crore) in funding. The company currently has 60 therapists and plans to expand this to 80-100 by end of this year.

Read more at: 

Mumbai Based Magenta EV Receives Funding Commitment In Excess Of $15M

Magenta has established itself as a key player in the EV charging infrastructure market, across the last three years, under the brand name of Charge Grid. The company is known for its software and hardware solutions, and also works to provide a bouquet of services in the EV value chain from charging software and installation services, in-house patented charging hardware, to technical consulting. This latest round of investment will be used to expand its international footprint and develop on its more EV charging solutions.

Read more at: http://bwdisrupt.businessworld.in/article/Proptech-Start-up-BricSpaces-Raises-350-000-/21-05-2021-390457/

Proptech Start-up BricSpaces Raises $350,000

The investors include serial tech investor Bharat Kapoor from 50K Ventures, Freshworks co-founder Shan Krishnasamy, and Eeva developer Vishal, to name a few. The start-up has closed transactions valued over INR 40 crore within the first year of operations and has orders worth INR 80 crore lined up even during the pandemic period.

Read more at: http://bwdisrupt.businessworld.in/article/Proptech-Start-up-BricSpaces-Raises-350-000-/21-05-2021-390457/

Fun2app To Raise 15 Million USD In The Next 3 Months

Diversifying across several verticals of sports, trendy videos, some unique unfound & unseen sports video and other enjoyable snippets, Fun2App is serving its audience with a one-of-its-kind application that is worth their time. Intriguing the sports fanatics across the country, Fun2App has established itself in the market as one of the significant names in the first quarter of the year and has recently observed over 4 lac downloads in a short span of time.

Read more at:http://bwdisrupt.businessworld.in/article/Fun2app-To-Raise-15-Million-USD-In-The-Next-3-Months/21-05-2021-390464/

Source: Business World

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