Page 12 - Funding

Beauty platform Purplle.com raises $75 mn from Kedaara, Sequoia and Blume

The investment will augment the company's goal to deliver 6-8x growth in the next 5 years

Drip Capital raises $175 mn to enter new markets like South Asia, LatAm

Funds raised include $40 mn in Series C and $135 mn in warehouse debt. With this, Drip Capital has raised $525 mn in all via equity and debt

Lovelocal raises $18mn in pre-series B round led by Vulcan Capital

LoveLocal, which has grown 40x since inception is changing how India shops by empowering local retailers and is digitising the $1.1 trillion unorganised retail market

Fintech software provider Hypto raises $3 mn from Stellaris, 3one4 Capital

The platform has processed over 55 million transactions totalling over $15 billion and currently works with over 10 banks

B2B auto parts startup Koovers raises $1.5 mn in Inflection Point-led round

Koovers assures workshops of spares with ease of ordering, doorstep delivery, genuine and complete basket of parts of all car makers; has over 5,000 workshops in network

Premium e-bike maker EMotorad raises $3-million in seed round funding

EMotorad has raised $3-million in a strategic seed round funding from two investors for scaling up its current facilities and expanding its presence across the domestic and overseas markets

Space tech startup Dhruva raises Rs 22 cr to launch satellite solutions

The firm is gearing up to launch new offerings like Satellite as a Service, Space-Grade Solar Arrays and Ground Station Solutions, both nationally and globally

Teachmint raises $78mn in Series B led by Rocketship.vc and Vulcan Capital

New round brings firm's total raise to $118 mn. Funds will be used to strengthen Teachmint's proprietary classroom tech and for global expansion

Mestastop Solutions raises Rs 1.3 cr in seed round led by CIIE.CO

Mestastop will use the funding to scale its AI-based platform METSCAN, which characterises cancer cells using patient data samples and their assay panels to understand the cell behaviour

Arrivae raises Rs 50 crore in funding round led by Rakesh Jhunjhunwala

Furniture startup Arrivae on Thursday said it has raised Rs 50 crore in the first external funding round led by ace investor Rakesh Jhunjhunwala

Edtech startup Creative Galileo raises $2.5 mn in seed funding

The round was led by Kalaari Capital with an investment of $2.1 mn and remaining from well-known angels, such as Harish Bahl, Shashin Shah, Jinesh Patel, Atul Nishar, Ashwin Puri and Giridhar Malpani.

D2C jewellery brand Melorra raises $24 mn in funding round led by 9Unicorns

Melorra's vision is to bring the fast-fashion model into jewellery, where they launch a new collection every week and 75 designs every Friday

Google, Temasek back Indian neo-banking firm Open with $100 mn investment

Open plans to use the funds to strengthen its leadership in SME neo-banking space. taking the total SME base from 2 million at present to 5 million in India and expand its services to South East Asia

Virtual events platform Hubilo raises $125 mn for global expansion

The investment signals a change in ways people engage and share experiences at a time when uncertainty about Covid-19 has seen cancelled events and delayed a return to traditional office environment

Fintech firm Salt to ramp up hiring in India; raises $500,000 funding

Fintech firm Salt on Monday said it has raised $500,000 and is looking at strengthening its headcount to about 100 by the end of next year

F5 raises Rs 5 cr in pre-series A funding round led by Auxano Capital

F5 is building a hyper-local ecosystem around the daily workplace needs of the consumer

Shift Freight plans to raise $20-30 mn by next fiscal; dilute 10-15% stake

The Noida-based startup currently has presence across 25 cities and carries out around 70 movements per day with majority of them being inter-city.

Cloud kitchen startup Rebel Foods is 31st Indian unicorn, raises $175 mn

The Mumbai-based firm, which operates over 4,000 internet restaurants and has built over 45 brands across 10 countries, is now eyeing an IPO

Twin Health raises $140 mn in Series C round from Sequoia Capital, others

Funding will help the firm scale presence in India and US; firm uses IoT, AI and ML to solve chronic metabolic diseases, including type-2 diabetes

Crypto startup CoinSwitch Kuber is 30th Indian unicorn with $260 mn funding

It is also the second crypto unicorn in the country, with valuation crossing $1.9 bn after Series C round led by Andreessen Horowitz