Page 13 - Funding
Live video startup 100ms raises $4.5mn in seed round led by Accel
100ms provides infrastructure that allows companies to add Zoom-style video conferencing inside their apps.
 "Live video startup 100ms raises $4.5mn in seed round led by Accel")
Tekion raises $250mn in Series D funding round; valuation nearly triples
The round was led by Alkeon Capital and co-led by Durable Capital. Other investors include Hyundai Motor and several reputable dealer groups across the US
 "Tekion raises $250mn in Series D funding round; valuation nearly triples")
Progcap raises $30 mn in Series C funding led by Tiger Global, Creation
Progcap has raised $55 million in total since the last three months and is positioned as the largest fintech in the corporate-led retailer financing space in India
 "Progcap raises $30 mn in Series C funding led by Tiger Global, Creation")
Smartstaff raises $4.3 mn in seed funding from Blume Ventures and others
Smartstaff helps businesses hire and manage their blue collar workforce by digitising workforce management practices
 "Smartstaff raises $4.3 mn in seed funding from Blume Ventures and others")
Startup Loop Health raises $12 mn from Elevation Capital, Vinod Khosla
The health insurer has grown significantly, insuring over 50,000 members across 150 firms in the past 12 months and growing 50% month-over-month amid the pandemic
 "Startup Loop Health raises $12 mn from Elevation Capital, Vinod Khosla")
Live online tutoring startup Vedantu in unicorn club with $1 bn valuation
Vedantu has raised $100 mn in funding. The firm which is competing with Byju's, Unacademy, Simplilearn, UpGrad and Amazon Academy is also planning an IPO by 2024
 "Live online tutoring startup Vedantu in unicorn club with $1 bn valuation")
Acceldata raises $35mn in Series B funding led by Insight Partners
This funding will be used tor expand its capabilities across data quality, data pipeline monitoring, and system infrastructure
 "Acceldata raises $35mn in Series B funding led by Insight Partners")
CredAvenue raises $90 mn to scale up building infra to power debt markets
The funding round, led by Sequoia Capital India and co-led by Lightspeed, TVS Capital Funds and Lightrock, values the company at about $410 million
 "CredAvenue raises $90 mn to scale up building infra to power debt markets")
Vedantu is India's newest unicorn after $100-mn funding from ABC World
The Bangalore-based startup becomes the fifth Indian edtech unicorn after Byju's, Unacademy, UpGrad and Eruditus, and the third to reach the milestone this year.
 "Vedantu is India's newest unicorn after $100-mn funding from ABC World")
Cashbook raises $2.3mn in seed fund led by JAM, Better Tomorrow Ventures
Kunal Shah, Anupam Mittal and a host of other angel investors also participated in the round
 "Cashbook raises $2.3mn in seed fund led by JAM, Better Tomorrow Ventures")
The Money Club raises pre-series A funds led by SOSV and Venture Catalysts
Founded by IIT Kharagpur friends, The Money Club leverages AI to effectively underwrite high frequency, micro pooling of funds by studying user behaviour
Biz2Credit to hire 150 new staff by 2021-end as it strengthens tech team
Biz2Credit is the company behind Biz2X, a global SaaS platform that enables financial institutions to provide customised online lending experience for MSMEs
 "Biz2Credit to hire 150 new staff by 2021-end as it strengthens tech team")
Stem cell bank LifeCell secures Rs 255 cr from its founders and Orbimed
LifeCell is looking to further leverage its technological expertise to enter new categories like fertility health and cell-based therapeutics
Legal platform Legistify raises $500,000 in round led by Titan Capital
Indiamart, GSF Accelerator, Java Capital also participate in pre-Series A funding; early investors make a partial exit with 5x cash payout
 "Legal platform Legistify raises $500,000 in round led by Titan Capital")
FloBiz raises $31 mn in Series B round led by Sequoia, Think Investments
Existing investors Elevation Capital and Beenext also participate along with host of angels
Tiger Global leads $35 mn funding in AI semiconductor company Deep Vision
Deep Vision's AI processor helps provide camera-based applications like smart retail, driver-monitoring systems, smart city, drones, and factory automation
Fintech startup Paytail raises $1.5 mn seed from Cholamandalam, others
Along with Cholamandalam, Paytail is committed to building a network of other large financial institutions to cater to the pre-approved loan offers for consumers
Two Tamil Nadu angel networks join hands to fund startups in the state
Both networks will coordinate and plan common pitch sessions on a case-by-case basis, will also support startups in select activities
 "Two Tamil Nadu angel networks join hands to fund startups in the state")
B2B edtech Eupheus Learning raises $10 mn in Series C from Lightrock India
Eupheus will use the funds to scale faster, pursue inorganic growth via acquisitions. It aims to democratise access to 21st Century learning solutions to school students
Google, 3one4 Capital, and Temasek invest Rs 453 cr in neo-bank Open
Existing investor Tiger Global also participates in Series C round; Open claims to be one of the country's largest SME banking platforms; last Feb it had processed $11 bn in transactions
