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The Week That Has Been: Startups Raise Millions Of Dollars and Counting

Fundings Galore as Indian start-ups have had an eventful week attracting money from Indian as well as foreign investors. To find out, read more:

Credit And Payment Startup Slice Raised INR 165 Crore In Debt

Catering to India’s youth, slice has over 300,000 members & 900,000 on waitlist today, 70% of them being young working professionals. The company has processed a transaction volume of over $250 mn and plans to achieve a GTV run rate of $1 bn in FY22. With this, slice also plans to grow its member base by more than 3x to 1 mn in the next 12 months.

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Glamplus SaaS Startup Raises Rs 2Cr In Pre-Series-A Round

Funds raised will be used for the enhancement of product & tech capabilities and business expansion. The funds will also be utilized in scaling to 3000 partners in the next 6 months along with the vertical expansion of the business line.

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Litigation Financier LegalPay Raises Funds Led By Accelerator VC

With the pandemic adversely impacting business, litigation cases are on the rise.  Taking this in regard, the company plans to deploy Rs 100 crore in the next two  years on cases that are in their late stage.

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Tekie raises USD 1.5 mn from GSV, Multiply Ventures, Better Capital

Better Capital has also participated in the round, the Bengaluru-based startup- said in a statement adding that the funds raised will be utilised to scale operations and expand the team.

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Zeta Joins Unicorn Hub With $250 Million Softbank-Led Funding

The venture gives the Bengaluru-based fintech startup a valuation of $1.45 billion, almost multiple times its past valuation of $300 million from its Series C round in 2019.

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SalaryBox Raises Pre-seed Funding From GSF Accelerator And Others

In the App, salaries are automatically calculated for different wage types after considering attendance, leaves, allowances, overtime pay, and salary advances. Business owners can disburse wages to all workers and file government-mandated compliance requirements in a single click.

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Asirvad Microfinance Raises USD 15 mn In ECB From WorldBusiness Capital Inc

Proceeds from the loan, availed under the external commercial borrowing (ECB) norms, will enable Asirvad to expand its business of providing small loans to low-income women business owners in rural areas.

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Scenes By Avalon Raises Pre-Series A Funding Round

With a growing rapid usage, the user base has been consistently expanding 70-80% per month for both DAUs and MAUs since its launch just 2 months back in March 2021.

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Atlan Bags $16 Mn In Series A Funding

The company plans to use the funding to expand its engineering and marketing verticals, current team strength, and double its team size by the end of 2021.

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Sentieo Raises $20M Series B Round

The round was led by Ten Coves Capital with participation from existing investors Centana Growth Partners and Studio Management. Ned May, a founder, and Managing Partner at Ten Coves Capital will join Sentieo’s board of directors. With this latest funding, Sentieo has now secured $62 million in total capital.

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Koo Raises $30 Mn Series B Investment Led By Tiger Global

Aprameya Radhakrishna, Co-Founder, and CEO of Koo, said “We have aggressive plans to grow into one of the world’s largest social media platforms in the next few years. Every Indian is cheering for us to get there soon. Tiger Global is the right partner to have onboard to realize this dream. “

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DotPe Raises Rs 200 cr From PayU, Google, Info Edge Ventures

PayU and Info Edge Ventures are existing investors in the one-year-old start-up company. DotPe co-founder Shailaz Nag told PTI that Info Edge Ventures has doubled down on its seed investment in the company made last year and has more than doubled its shareholding.

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Cuvette Tech Raises 180 K USD From Marquee Angel Investors

The investment is led by Titan Capital, Varun Alagh, Co-founder & CEO Mamaearth, Harish Daiya, Co-founder Lumenci, and other marquee angel investors. The startup will use the funds to build its score team and develop their product. Cuvette’s focus will be to become a one-stop platform for startups to hire verified software interns.

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Clensta Raises ₹ 50 Million Via NCD From N+1 Capital

The vision behind these $100 million (₹ 730 crores) funds is to provide 100+ entrepreneurs to grow their businesses profitably and sustainably through their growth stage. The benefits for entrepreneurs include no personal guarantee at stake, a tech-driven risk scoring model, have greater flexibility, and constant capital infusion. It also provides credibility, assurance, builds trust, and reduces the time load for due diligence for the upcoming investors.

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Agritech FarMart Raises 17.7Crore

Existing investors Indian Angel Network and LetsVenture also participated. The company will focus on product development, user base expansion, and scaling its market linkage capabilities.

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‘Cellestial’ Completes Pre-Series A Funding at 35M USD Valuation

This round of strategic financing included the Co-founder of Electric Motor Company, Ashik Karim, Founder of UpCapital Investments, Canada’s leading EV financial advisory group who have not just invested but expressed a deeper interest in supporting the Company’s growth in branding & stewardship.

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Lupin Receives USD 50 Million From Boehringer Ingelheim

Lupin said its new chemical entity research team is focused on building a pipeline of highly differentiated and innovative new chemical entities, primarily in the oncology space.

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Kodo Raises US$8.75 Million In Seed Capital

Business collections and spends in India are witnessing a massive shift from cash to digital, creating a strong tailwind for Kodo’s cards and spend management tools. Card spends on Kodo have grown 45% month on month for the last 12 months, leading to an 83X jump in transaction volumes.

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Get My Parking Raises Rs 43 Crore

GMP (Get My Parking) has digitized over 3,000 parking lots across Europe, the US, and India. It will use the new funds to scale its IoT platform and extend its footprint in the US, LATAM, and Australian markets.

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Northern Arc Capital Invests In Shriram Transport Finance

The money raised from this deal will be used to provide support to small road transporters, first-time truck buyers, and driver-turned-truck owners. The focus will be on those impacted by the pandemic.

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Source: Business World

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