Page 8 - Funding

Uber rival Bolt raises $711 million at valuation of over $8 billion

Bolt, a rival of Uber's ride-sharing and food delivery business, last raised funding in August at a valuation of more than 4 billion euros.

Zluri raises $10mn in series A funding round led by MassMutual Ventures

Zluri had earlier raised $2 million from Endiya Partners and Kalaari Capital, in its seed round in January 2021.

The ePlane Co raises $5 mn in pre-series A led by Specilae Invest, Micelio

Firm aspires to build world's most compact flying taxi, as well as cargo transport to help reduce congestion on roads and emissions from ground transport, and lower the risk of road accidents

Power Gummies raises $6mn in Series A funding from 9Unicorns, others

Dietary supplement brand Power Gummies on Monday said it has raised $6 mn in funding led by 9Unicorns.

AMO Electric to raise $100 mn to expand product range, sales infra

Electric two-wheeler maker AMO Electric is looking to raise about USD 100 million next fiscal as it looks to scale up R&D to introduce new products, expand manufacturing capacity and enhance sales infra across the country in order to consolidate its position in the sector. The Noida-based company currently sells four electric scooters through a sales network of over 150 outlets across the country. "The electric two-wheeler segment is poised for tremendous growth over the next few years. In order to consolidate our position, we are looking to raise around USD 100 million next financial year. This will give impetus to the R&D endeavours and enable us to try to be among the top three players in the industry," AMO Electric Founder and MD Sushant Kumar told PTI in an interaction. The company is in talks with various financial institutions for raising the capital, he added. Kumar noted that the company plans to launch two new products in the current quarter and four new high speed ..

Agility Ventures to launch Sebi-approved Rs 450-cr fund

With AIFs (Alternative Investment Funds), it is looking at deploying Rs 75 crore this year in over 50 startups, which will also include fintech, cyber security and crypto

Zuddl raises $13.35 mn in Series A funding led by Alpa Wave Incubation

The virtual events market space is expected to grow at about 24 per cent CAGR over the next few years according to research firm, Grand View Research

B2B payments fintech Rupifi raises $25 mn from Bessemer, Tiger Global

Existing Investors Quona Capital and Ankur Capital also participated in the round, along with Better Capital. This is Rupifi's second investment round in nine months, since its Pre-Series A last March

AI and Computer Vision platform Avataar raises $45 mn in Series B funding

Avataar's platform powers the largest global eCommerce marketplaces and leading D2C brands, shaping consumer journeys with life-sized 3D product evaluation coupled with interactive feature discovery.

Dunzo raises $240 mn in round led by Reliance to take on Amazon, Flipkart

According to the sources, Dunzo's valuation has crossed $800 million in this funding

Blockchain SaaS startup Cion Digital raises $12 mn from Green Visor, others

The US-based firm is planning an R&D Centre in Pune. It is undertaking a pan-India recruitment drive with offer of permanent WFH

Reliance Retail to invest $200 mn in delivery firm Dunzo for 25.8% stake

Currently, Dunzo is available across 7 metro cities in India and the additional capital will be used to expand the quick commerce business to 15 cities

New-age companies make it to Amfi's large-cap list, shows data

This comes despite stocks such as PB Fintech (Policybazaar) and One 97 Communication (Paytm) trading below their issue price

Accelerator fund 9Unicorns charts aggressive investment plan for 2022

Aims to invest in over 150 startups in 2022, with approx. investment of Rs 400cr

Neobanking start-up Jupiter raises $86 mn at a valuation of $711 mn

It is currently seeing 5,000 to 6,000 new users signing up each day, and has also recorded deposits of over Rs 100 crore in October this year.

Financial security firm MetaMap raises Rs 530 cr for business expansion

Start-up offers solutions for fraud prevention, identity and financial qualification, and credential sourcing.

Odisha-based MFI Annapurna Finance raises $ 35 mn in capital raise

Third funding round this year bring total investments to $85 mn as company enters clean energy lending.

Robotics firm ARAPL Raas raises funding for warehouse automation

Company says its technology reduces the cost of operations for companies in instant commerce.

Social commerce start-up Gobillion raises $2.9 mn from YCombinator, others

Group-buying platform allows multiple users to aggregate their purchases and place bulk orders.

Fintech start-up Minko gets $1.5 mn in funding to expand business

Company announces a B2B payments stack for offline distributors and retailers.