Friday, March 29, 2024
HomeBusinessThe Week That Was: Startup Funding

The Week That Was: Startup Funding

Indian startups attract funding even during the second wave of the pandemic, with local as well as global investors exhibiting confidence in Indian start-ups

With more and more start-ups inching to the unicorn valuation, Indian start-ups have a promising future. Read ahead to know more:

GalaxEye Raises Pre-seed Round From Speciale Invest

The funds will be deployed to strengthen and build robust technology infrastructure, prototype development, and build a world-class team to help GalaxEye in accelerating the growth of space infrastructure in India.

Read more at: http://bwdisrupt.businessworld.in/article/GalaxEye-Raises-Pre-seed-Round-From-Speciale-Invest/01-06-2021-391566/

D2C Brand Almo Raises Seed Round Funding

As per Co-founder & CEO Abhishek Shah – “Almo’s vision is to evolve into a one-stop destination for premium men’s essential needs for the evolved Indian men, to meet their aspirations of upgrading to international trends, styles & quality

Read more at: http://bwdisrupt.businessworld.in/article/D2C-Brand-Almo-Raises-Seed-Round-Funding/01-06-2021-391568/

FlipItNews Raises Rs 18 Crore As Seed Investment

As per Co-founder & CEO Abhishek Shah – “Almo’s vision is to evolve into a one-stop destination for premium men’s essential needs for the evolved Indian men, to meet their aspirations of upgrading to international trends, styles & quality

Read more at: http://bwdisrupt.businessworld.in/article/D2C-Brand-Almo-Raises-Seed-Round-Funding/01-06-2021-391568/

Delhivery Raises $275 Mn, Valuation Rises To $3Bn

The capital infusion comes in when the company has witnessed healthy revenue growth in 2020-21 despite the pandemic and is well poised on its path to profitability              

Read more at: http://bwdisrupt.businessworld.in/article/Delhivery-Raises-275-Mn-Valuation-Rises-To-3Bn/01-06-2021-391517/

2nd June

FinTech Startup Neokred Raises Undisclosed Seed Capital

According to Rohith Reji, Co-founder – Neokred Technologies, “With the immense growth Neokred has achieved in the last 6 months, we plan to ramp up our technology offerings and diversify into other products such as Savings, Rewards, Pay Later, etc. This would provide fintech and corporates with a ‘Plug-N-Play’ module to launch their own branded customized versions of the product. “

Read more at: http://bwdisrupt.businessworld.in/article/FinTech-Startup-Neokred-Raises-Undisclosed-Seed-Capital-/02-06-2021-391759/

Urban Company To Launch IPO After $255 Million Fundraise

An IPO would allow Urban Company to get access to a wider pool of capital and enable it to provide exits to its investors and employees, who hold shares of the company

Read more at: http://bwdisrupt.businessworld.in/article/Urban-Company-To-Launch-IPO-After-255-Million-Fundraise/02-06-2021-391735/

Digi-Prex’s Good Health Clinic Raises USD5.2Mn

The start-up aims to use the investment to develop new categories of products, create strong infrastructure, and build out a team. GHC provides an end-to-end solution for patients with skincare, hair fall issues, sexual health, skincare, and weight loss, among others.

Read more at: http://bwdisrupt.businessworld.in/article/Digi-Prex-s-Good-Health-Clinic-Raises-USD5-2Mn/02-06-2021-391693/

Exotel Eyes Accelerated Growth With An Infusion Of 45 Crores    

They are at a USD 25 Million run rate and are looking to expand in BFSI, FMCG, and auto industry along with hiring over 200 people in product, engineering, and customer roles

Read more at: http://bwdisrupt.businessworld.in/article/Exotel-Eyes-Accelerated-Growth-With-An-Infusion-Of-45-Crores/02-06-2021-391683/

Crejo.Fun RaiseS $3 Million In Seed Funding

The courses are available online and designed by subject matter experts, they are then delivered live by qualified teachers in groups of up to four children. This helps provide individual attention to every child, thus maintaining the quality.

Read more at: http://bwdisrupt.businessworld.in/article/Crejo-Fun-RaiseS-3-Million-In-Seed-Funding/03-06-2021-391814/

Star Health Gets ₹1,200 cr Pre-IPO Funding From GIC

Star Health and Allied Insurance Co Ltd, backed by Westbridge Capital and Rakesh Jhunjhunwala, raised ₹1,200 crores in a pre-IPO funding round. The investors had amassed over 90% stake in Star Health in 2018. This round however was led by Singapore’s state investor GIC.

Read more at: http://bwdisrupt.businessworld.in/article/Star-Health-Gets-1-200-cr-Pre-IPO-Funding-From-GIC/03-06-2021-391819/

Innoviti’s GTV Crosses US$10 Bn

Innoviti had raised a Series C in 2020 to further its differentiated strategy of servicing the retail market through category and segment-specific products. The strong performance on all parameters is the outcome of this strategy as take rates, GTV, and margins all expand at 3X the market rate.

Read more at:  http://bwdisrupt.businessworld.in/article/Innoviti-s-GTV-Crosses-US-10-Bn-/03-06-2021-391815/

ACKO Clocks Rs 100 cr From Employee Group Health Insurance Premium

Over 70 companies including Virtusa, Swiggy, Razorpay, CRED, Akzo Nobel, Xiaomi, RedFM, ICRA, Grofers, Mygate and Go-MMT offer ACKO’s digital health benefits, it said. ACKO will take the healthcare experience to 3X more companies in FY22. The company said its health benefits can be accessed at over 6,500 hospitals, 35,000 doctors and 4,500 laboratories spread across the country.

Read more at:  http://bwdisrupt.businessworld.in/article/ACKO-Clocks-Rs-100-cr-From-Employee-Group-Health-Insurance-Premium-/03-06-2021-391906/

S-Ancial Technologies Raises USD 1.4 Million Led By JITO

“In my work as a sell-side specialist, I noticed that investor interactions with mid-sized companies were inconsistent. Improving outreach was the only solution. I realized that the next big idea for the capital market stakeholders would be to digitize the entire market process and make it scalable, resulting in magnificent network growth. That is how the idea of ExchangeConnect was born,” said Pradip Seth, the CEO of S-Ancial.

Read more at:  http://bwdisrupt.businessworld.in/article/S-Ancial-Technologies-Raises-USD-1-4-Million-Led-By-JITO/04-06-2021-391956/

Artha Venture Fund Announces Final Close Of ₹220 Crores Fund

The fund had targeted closing the corpus by July 2021 but overachieved its target two months ahead of schedule. 50+ limited partners (LPs) participated in the fund, with almost half of the LPs increasing their investment commitments in the last 3 months. More than 50% of the investments came from family offices, and from over 20 listed companies participating directly or through promoter entities.

Read more at:  http://bwdisrupt.businessworld.in/article/Artha-Venture-Fund-Announces-Final-Close-Of-220-Crores-Fund/04-06-2021-391967/

Holisol Raises $3M From Northern Arc

Star Health and Allied Insurance Co Ltd, backed by Westbridge Capital and Rakesh Jhunjhunwala, raised ₹1,200 crores in a pre-IPO funding round. The investors had amassed over 90% stake in Star Health in 2018. This round however was led by Singapore’s state investor GIC.

Read more at:  http://bwdisrupt.businessworld.in/article/Star-Health-Gets-1-200-cr-Pre-IPO-Funding-From-GIC/03-06-2021-391819/

Source: Business World

RELATED ARTICLES
- Advertisment -

Most Popular

Recent Comments