Page 6 - Funding

AI-powered digital skills assessment start-up iMocha Raises $14 million

The new funding will be deployed to increase iMocha's skill library selection, reach more global enterprises, and widen its partnership base within the HR Tech ecosystem.

Fintech company Kissht raises Rs 100 cr from Trifecta Capital, Northern Arc

Fintech company Kissht on Thursday said it has raised Rs 100 crore in a funding round led by Trifecta Capital and Northern Arc. In the current round, Trifecta and Nothern Arc have each subscribed to Rs 50 crore of non-convertible debentures (NCDs), according to a statement. The company has so far raised over Rs 270 crore in equity and over Rs 1,200 crore in debt investments. The company said the funds will be utilised to expand its scale of operations. It will also further enhance its product offerings, including credit cards for small businesses/ shops and improve underwriting capabilities to extend credit to the new to credit (NTC) segment using AI and machine learning. The firm plans to expand its business to one crore borrowers in FY2023, the statement said. It is projecting an overall revenue of over Rs 500 crore, it said. The company provides an instant line of credit for small business transactions and small-ticket size personal loans to new credit customers.

StreamAlive raises $1.53 mn in pre-seed round led by Speciale Invest

Other marquee investors included micro VC funds, founders of private-company software unicorns, MIT professors, CEOs of public firms, and other angel investors and corp execs

MinIO raises $103 mn in Series B funding round, joins the Unicorn list

Investment was led by Intel Capital with participation from new investor SoftBank Vision Fund 2, and existing investors Dell Capital, General Catalyst and Nexus Venture Partners

Inox Wind Energy gets shareholders' nod to raise up to Rs 90 crore

Inox Wind Energy on Tuesday said it has got shareholders' approval to raise up to Rs 90 crore through issuance of 10.62 lakh convertible warrants. The approval was received at its Extraordinary General Meeting (EGM) on Tuesday. The convertible warrants will be issued at the rate of Rs 847 per unit, as per the notice for the EGM. The money will be used for meeting the funding requirements of the company, its subsidiaries' consolidated business operations and for general corporate purposes. On December 27, 2021, the company's board had approved a proposal to this effect. As per the proposal, the funds will be raised in one or more tranches, within a period of 18 months from the date of allotment of the warrants, aggregating to up to Rs 90 crore on preferential basis. According to the EGM notice, it was proposed to issue 8,26,446 warrants worth up to Rs 70 crore to Devansh Trademart LLP, part of the company's promoter group. Besides, the company will issue 2,36,128 warrants worth u

Swiggy becomes decacorn, valuation crosses $10.7 bn in new funding round

In the past few months, Swiggy has expanded Instamart to 19 cities

Health and travel platform Hospals raises $3.5 mn in pre-series A round

The startup has already served over 22,000 patients from 38 countries to get medical advice, teleconsults and surgical treatments across over a hundred hospitals in its network

Ola Electric raises $200 mn in funding at a valuation of $5 billion

In September last year, Ola Electric had announced raising a similar amount in funding from Falcon Edge, Softbank and others that had valued the company at $3 billion

Oyo founder Ritesh Agarwal's family office funds agritech startup Agrowave

Anu Meena, an IIT Delhi alumni started Agrowave to solve the problem faced by her grandfather and millions of farmers in selling their fresh produce.

IncubateHub to launch 9 thematic demand-led accelerators

Strategic backing from Venture Catalysts and 9Unicorns; company will launch specific solutions for the growing CVC market in Asia

Crypto platform Stader Labs raises $12.5 mn on $450 mn valuation

The sale was led by Three Arrows Capital with participation from Blockchain.com, Accomplice, and a clutch of other institutional and angel investors

M2P Fintech raises $56 mn led by Insight Partners, eyes global expansion

The company has raised more than $100 million in the past year

Diginoor.io raises $1 million seed funding from Contrary Capital, Polygon

Some of the partners of Diginoor.io include AVM Productions, Reliance Entertainment and a host of other major studios

Rocketlane raises $18 mn in series A round fund led by 8VC

Firm founded by ex-Freshworks executives; series A has been raised just 7 months after seed

Fintech platform Finsall raises Rs 12 cr in pre-series A funding

This is the second round of investment by UIV, which has investments in fintech companies like Open Bank and SmartCoin.

Logistics optimising platform MatchLog raises $3 mn in pre-series-A round

MatchLog claims it is India's first firm to offer at scale the ability to turnaround a container from import to export cycle, thereby eliminating empty runs to and from container yards

SaaS starup Trainn raises $700,000 in seed round led by Speciale Invest

With the infusion of funds, the company plans to expand its team, fuel go-to-market programs, and accelerate product development.

NowPurchase raises $2.4 mn seed from Orios Venture, InfoEdge Ventures

Angel investor Neeraj Arora (ex-WhatsApp global business head & Co-Founder HalloApp) also participated in the round

Pet treat brand Dogsee Chew raises Rs 50 cr in Series-A funding round

Drugmaker Mankind Pharma and existing backer Sixth Sense Ventures participate; recipient is only company to offer 100% vegetarian dog treats

Crypto-native social platform Sahicoin raises $1.75 mn in seed round

Founded by IIT Kanpur alumni, Amit Nayak, Ankush Rajput, and Melbin Thomas, the platform aims to empower the next billion crypto enthusiasts to make faster and better investing decisions