Page 11 - Funding
NoBroker.com becomes unicorn; raises $210 mn at $1 bn valuation
The Series E funding round was led by General Atlantic, Tiger Global Management and Moore Strategic Ventures
 "NoBroker.com becomes unicorn; raises $210 mn at $1 bn valuation")
Euler Motors raises $10 million in funding led by QRG Investments
Electric vehicle maker Euler Motors on Monday announced raising an additional capital of USD 10 million (around Rs 74 crore) from a clutch of investors, led by QRG Investments and Holdings
 "Euler Motors raises $10 million in funding led by QRG Investments")
Test prep startup Toppersnote raises $1 mn in seed fund led by IPV
Active in 70-plus exams such as UPSC, GATE, NEET, IIT, SSC and state govt job exams, the firm has over 300,000 aspirants primarily from tier 3 and below towns on its platform
 "Test prep startup Toppersnote raises $1 mn in seed fund led by IPV")
Binance US may raise 'couple hundred million' in funding, says CEO
According to UK researcher CryptoCompare, Binance's spot cryptocurrency trading volumes totalled $789 bn in Sept and $454 bn in July
 "Binance US may raise 'couple hundred million' in funding, says CEO")
Indian startups received $6.1 billion in funding in Q3CY21: Nasscom report
This is a quarterly fall of about 6%; greater focus towards late stage startups, accounting for over 50% of deal value
 "Indian startups received $6.1 billion in funding in Q3CY21: Nasscom report")
Luxury catering firm Foodlink raises $8 mn from Plutus Wealth Mgmt, others
Foodlink, a luxury catering company, on Thursday said it has raised USD 8 million (Rs 59.34 crore) in funding led by Plutus Wealth Management. The Series-B funding round also witnessed the participation of Arpit Khandelwal, Managing Partner, Plutus Wealth Management LLP, Foodlink said in a statement. The Mumbai-based company will use these funds to expand its flagship business of luxury catering across newer geographies in India and overseas to take its luxury banquet brand called JADE Luxury Banquets to more cities. The funding will be used to scale their casual dining restaurant business through its brands, India Bistro, China Bistro & Art of Dum. The company has so far raised USD 23 million, including the current round. It received USD 15 million as part of its Series-A round from OAKS Asset Management in 2017. "We are delighted to have Plutus on board and backing us for this next exciting phase of the Foodlink journey along with OAKS Asset Management, who has been a valuable .
 "Luxury catering firm Foodlink raises $8 mn from Plutus Wealth Mgmt, others")
Healthtech start-up K&L Wellness raises Rs 30 crore in seed round
Firm provides therapeutic based health solutions to lifestyle diseases like diabetes, hypertension, heart disease and obesity, among others, through yoga and meditation
Velocity raises $20 mn in funding round led by Peter Thiel's Valar Ventures
The fintech firm plans to deploy over Rs 1000 crore in India's e-commerce brands
 "Velocity raises $20 mn in funding round led by Peter Thiel's Valar Ventures")
Mensa, house of D2C brands, raises $135 mn to become Asia's fastest unicorn
Within six months of starting the business, Bengaluru-based Mensa has raised more than $300 million in equity and debt
 "Mensa, house of D2C brands, raises $135 mn to become Asia's fastest unicorn")
Kitchenware brand Wonderchef raises $20 mn from Sixth Sense Ventures
Over the past three years, the company has been developing Wonderchef into a digital-first brand
 "Kitchenware brand Wonderchef raises $20 mn from Sixth Sense Ventures")
D2C home solutions startup Wakefit raises $28 mn at a valuation of $380 mn
The startup is on track to achieve sales of Rs 700 crore in FY22 despite being impacted by second wave of Covid
 "D2C home solutions startup Wakefit raises $28 mn at a valuation of $380 mn")
Trade financing platform Vayana Network raises Rs 283 cr in funding round
The company has financed more than $8 billion of credit to some 22,000 small businesses
 "Trade financing platform Vayana Network raises Rs 283 cr in funding round")
Baby products firm Cradlewise raises $7mn in seed round led by Footwork
The round also had significant participation from CRV and follow-on from existing investors SOSV and Better Capital
Exotel raises $35 mn to expand its cloud customer engagement platform
The customer engagement company is looking to hit an annual recurring revenue of $200 mn over next 5 years and plans to increase its headcount by 200 over next 12 months
 "Exotel raises $35 mn to expand its cloud customer engagement platform")
magicpin raises $60 million in Series D round led by Zomato
The app currently serves 6 million active users with nearly 25 sessions per user per month, and provides savings on nearly 170,000 merchants across big brands and local retailers
Good Glamm Group India's first unicorn in DTC beauty and personal care biz
The firm, valued at $1.2 bn, expects to cross annual recurring revenue of $250 million by March 2022
 "Good Glamm Group India's first unicorn in DTC beauty and personal care biz")
Ladies Who Lead raises seed funding from Akasa Air co-founder Aditya Ghosh
Platform for India's top and emerging women leaders appoints him as Chief Mentor
 "Ladies Who Lead raises seed funding from Akasa Air co-founder Aditya Ghosh")
Faze Technologies raises $17.4 mn in seed round led by Tiger Global
Coatue, Sequoia Capital India, Samsung Next among other participants
Neobanking startup Fi raises $50 mn in funding, valuation jumps 7 times
B Capital Group, Falcon Edge and others participated in the Series B funding round that valued Fi at $315 million
Vanity Wagon raises Rs 5.5 cr in pre-series A round led by Inflection Point
Firm is a one-stop clean beauty marketplace focused on non-toxic products; has completed 50,000 orders since inception and currently serves 130,000 online visitors a month
