Page 2 - Funding

UK to allocate additional $1.6 billion funding in aid to Ukraine: Reports

The funds will be taken from the Treasury's emergency reserves and will come in addition to the United Kingdom's existing 1.5 billion-pound support to Ukraine, The Sunday Timessaid on Sunday

Redcliffe Lifetech raises $61 mn for expansion; LeapFrog Investments leads

The funding to Redcliffe Lifetech would help the diagnostic platforms to expand access to affordable, high-quality diagnostic tests across India, especially in tier 2, 3, and 4 cities

Musk secures over $7 bn funding from investors for Twitter takeover

The move comes as Musk's margin loan was reduced to $6.25 billion from $12.5 billion announced earlier, according to the filing.

Traceable AI raises $60 mn in series B at at $450 mn-plus valuation

The investment round was led by IVP and other investors include Tiger Global and existing investors Unusual Ventures and BIG Labs

A century in style: Fintech firm Open becomes India's 100th unicorn

The countdown for 100 unicorns had begun early in the year itself but the Russian attack on Ukraine had paused the startups' rush to touch the $1-billion valuation

Securonix gets investments from Capital One, Wipro Ventures and others

Over the past 12 months, Securonix claims to have grown its SaaS (Software-as-a-Service) business by more than 100 per cent.

Chiratae Ventures plans to raise $600 million to bet on tech: Report

Chiratae has already invested $950 million in companies over the last 15 years

Geniemode raises $28 mn in Series B from Tiger Global, Info Edge Ventures

Founded in May 2021, Geniemode works with buyers and manufacturers of furniture, home textiles, apparel, others to streamline and take control of end-to-end supply chain, from design to delivery

Drone maker ideaForge raises $20 mn in Series B from Florintree, Infosys

Qualcomm, Infina and Exim Bank also participated in the funding round for company that serves Indian security forces

TravClan closes Pre-Series-A round of $4.7 mn led by Hashed Emergent

The company's target is to grow to $500 million GMV run rate with more than 300 employees by the end of FY23

School fees-focused fintech app Zenda raises $9.4 mn in seed round

Using Zenda, families can track dues and make payments through a multitude of pay-now and pay-later options, and unlock rewards for paying on time

Mylo raises $17mn in series led by ITC, W Health Venture, Endiya Partners

ITC picks 10 per cent stake in company to expand its presence in the mother-and baby care segment

Financepeer raises $31 mn in funding led by QED Investors, Aavishkaar

This is the second funding for the city-based startup, which is the industry leader with over 40 per cent externally-funded education fee market

SaaS firm Everstage raises $13 mn to expand and serve customers worldwide

Series A round was led by Elevation Capital, also saw participation from existing investor 3one4 Capital

Saudi food startup raises $ 170 mn from Sequoia Capital India, others

The company is also looking at potentially acquiring rivals to help it grow and will expand into fintech after receiving a license from the Saudi central bank

Global solar sector attracts $7.5-bn corporate funding in March qtr: Mercom

Corporate funding in global solar sector, including India, saw a quarter-on-quarter growth of 51 per cent to USD 7.5 billion in the March quarter, according to Mercom Capital Group

Healthcare insurer Loop raises $25 mn from Vinod Khosla, others in Series B

The round comes just six months after Loop raised a $12 million Series A, bringing total mop up till date to $40 mn

Microsoft bets on e-commerce firm Udaan with play in convertible note round

Top tech firm joins host of other global investors in the Bengaluru-based B2B platform; move could set the stage for Udaan to go public in 18 months and boost its valuation then

BlackRock receives $114 bn in net flows amid market turmoil

Equity funds led the way, with a $76 billion haul, while bond funds saw $7.5 billion

Medfin raises $15mn in series B funding; plans to expand in 25 cities

Medfin, plans to complete 100,000 surgeries by the end of 2022