Page 9 - Funding

Digital supply chain financier Veefin raises $3 mn in Series A funding

The Series A funding will be used to build product and engineering teams to enhance SCF technology based on the market's evolving dynamics, said Veefin.

Seafood marketplace Captain Fresh raises $40 mn in a funding round

Its reseller segment (B2B2C) has demonstrated an increase of 20x within just three months of launch, retailing about 1.2 million kgs of fish and seafood every month.

Tech-enabled meat, seafood ordering platform TenderCuts raises Rs 30 cr

Since its commencement, Stride Ventures has focused on investing across sectors

Cars24 raises $400 mn in funding, valuation up 83% at $3.3 bn in 3 months

The investment will be utilised for the company's expansion in West Asia, Australia, and Southeast Asia, and to strengthen its foothold in India

Nexprt raises $5 mn in seed round from Sequoia Capital India and Lightspeed

Early backers Titan Capital and other notable angel investors also participated; proceeds to be used to scale existing business and launch new verticals in manufacturing domain

Healthcare startup Pristyn Care raises $96 million, joins Unicorn club

By March 2022, the company plans to increase its geographical footprint by expanding to over 50 cities and towns and 1000 surgical centres

Experiential learning app Practically raises $5 mn in strategic investment

The experiential learning app will leverage these investments to expand its operations across India, Middle East and SouthEast Asia

SoftBank Vision Fund 2 leads $60 mn funding for Payments tech firm Juspay

Juspay processes 300 mn online transactions a month with gross value of over $5 bn; has highest number of payment SDK (software development kits) installed on 250 mn mobile phones

Healthtech platform Innovaccer raises $150 mn at $3.2-bn valuation

Company announces new Innovation Accelerators to help customers tackle the most common and high-impact clinical, operational, and financial use cases

Nestasia raises $4 mn in Series A round led by Stellaris Venture Partners

The firm makes and brings over 6,000 products across genres from India and South-east Asia. In a little over two years, it has completed 100,000 orders and has 50,000 customers in 7 countries

ShopConnect raises $1.5 mn pre-series from IBS Software founder V K Mathews

ShopConnect enables brands and retail merchants to build next-gen online stores to give an immersive user experience with features such as live video shopping and hyper-personalisation

Asian cuisine brand MasterChow raises Rs 3.5 cr in seed led by WEH Ventures

Angel investors Aditya Singh and Ravi Shroff also participated; funds to be used to double down on manufacturing capabilities, product development, hiring new talent and geographic expansion

Insurance Samadhan raises Rs 5.5 cr in pre-Series A round

The start-up will use the funds to upgrade from offering just claim redressal services to an app providing claim management, insurance portfolio analysis and policy servicing features

Fintech firm BharatX raises $250,000 in pre-seed round led by Java Capital

The funding will help drive BharatX's delivery of seamless Embedded Credit experiences on many consumer-facing platforms, with zero credit risk and zero operational headaches for the platforms

SaaS start-up Spry, led by ex-CTO of Ola, raises $3 mn in seed round

Capital to bolster product development and drive expansion in India and US

EV start-up Ultraviolette raises $15 million from TVS Motor, Zoho Corp

Firm is setting up manufacturing and assembling unit in Electronics City, Bengaluru; will use investment for production and launch of its high-performance e-bike, F77; first batch out in H1 of 2022

Dialysis network NephroPlus raises $24 mn to expand in India, abroad

Series E round was round led by IIFL Asset Management, with support from existing investors InvestCorp and Bessemer Venture Partners

Fullife Healthcare gets $22 mn funding from Morgan Stanley Pvt Equity Asia

This round of funding will support Fast&Up and Chicnutrix to expand their domestic presence, enhance manufacturing capabilities and accelerate momentum globally

EV start-up Oben raises $1.5 mn to launch 100% homegrown electric bike

The one-year-old company says it will deliver its first batch of EVs in next six months

Chennai-based WEGoT raises $1.5 million to expand footprint across India

Strategic round was led by GRUHAS Proptech (promoted by Abhijeet Pai of Puzzolana Group, Nikhil Kamath of Zerodha), Rahul Talwar-DLF Family Office, Harshad Reddy-Apollo Hospitals Family