Page 10 - Fundings

Chargebee's valuation triples to $1.4 bn in 6 months, raises $125 mn

The global pandemic has accelerated the already growing shift to SaaS (software-as-a-service) and subscription-based business models from cars to coffee providers

Lo! Foods raises $1mn in pre-series A funding led by Chona Family Office

Bengaluru-based Lo! Foods on Friday said it has raised USD 1 million (about Rs 7.4 crore) in funding, led by the Chona Family Office, the erstwhile promoters of Havmor Ice Cream. The pre-series A round also saw participation from Ecosystem Ventures, Raveen Sastry (Co-Founder, Multiply Ventures), KRS Jamwal, Pratyush Prasanna (Gojek) among others, a statement said. The funds will be used towards accelerating growth, strengthening existing distribution networks and ramping up marketing, it added. Started in 2019 by Sudarshan Gangrade, Lo! Foods offers low-carb and Keto-friendly packaged products. It also has also ramped up to 20 cloud kitchens across Bengaluru, Delhi, Gurugram and Hyderabad that offer fresh low-carb food on demand through food delivery apps. * * * * AnKa SumMor raises Rs 3 cr funding led by Inflection Point Ventures * AnKa SumMor, a Sales and Distribution (S&D) platform for the FMCG sector, on Friday said it has raised Rs 3 crore in funding, led by Inflection ...

Online used car retailing platform Spinny raises $65 mn in funding round

Spinny, an online platform for selling pre-owned cars, has raised $65 million in a funding round, led by Silicon Valley-based venture capital firm General Catalyst

AR-based toy startup PlayShifu raises $17 mn in Inventus-led Series B round

Existing investors Chiratae Ventures and Bharat Innovation Fund also participated in the round. With this round, the company has so far raised a little over $25 mn

Byju's raises $460 mn in ongoing Series F round led by MC Global Edtech

As reported earlier, Byju's is in talks to raise up to $700 million from new and existing investors in a fresh funding round

Sequoia Capital India closes $195-million seed fund to foster start-ups

69 startups in four cohorts have received a combined $172 million

Jimmy raises Rs 6 cr funding from Vinay Agarwal, Keki Mistry, others

Radiohead Brands, which makes Jimmy's cocktail mixers, on Tuesday said it has raised Rs 6 crore funding led by First State Stewart Asia Director Vinay Agarwal, HDFC Ltd CEO Keki Mistry and others.

ReNew Power pins hopes on Nasdaq listing for funding need till FY25

In an investor call by ReNew and RMG, the firm said it expects revenues to grow 30 per cent until 2025

Covid-19 vaccination: Serum Institute to gain from G7's boost to COVAX

The immediate contribution will be $2 billion. More than 180 nations are yet to administer a single dose of the Covid vaccine

IDFC First Bank gets board approval for Rs 3,000 crore fund mop-up

Private sector IDFC First Bank on Thursday said its board has okayed raising up to Rs 3,000 crore through various means.

Ultratech Cement to raise up to Rs 3,000 cr via US dollar denominated bond

The company said it is contemplating listing of the Notes on the Singapore Stock Exchange, subject to market conditions

InMobi Group: This Make-in-India innovator is raring to go places

Glance, the home-grown firm's newest business, has just received major funding from an unexpected source - Google - vaulting the 18 month-old-unit to Unicorn status

Fintech startup Stripe in talks for new funding at much higher valuation

The company could have a valuation of more than $70 billion or significantly higher, at as much as $100 billion, after the funding, the report said

Chargebee, start-up that helps companies in billing, raises $55 mn

Insight Partners led the financing round, with existing investors Steadview Capital and Tiger Global joining in. The nine-year-old start-up has raised $105 million to date

Symphony Asia, Lightbox lead $12.5 mn round in jewellery start-up Melorra

The firm has been bringing in global fashion trends into lightweight gold jewellery and launching 75 designs every week with 80% of collection below Rs 35,000

Insurance firm ACKO raises Rs 441 crore in funding round led by Munich Re

Insurance firm ACKO on Wednesday said it has raised about Rs 441.8 crore in a funding round led by Munich Re Ventures

DPIIT working on credit guarantee, seed fund schemes for startups

This scheme would give banks a comfort to lend, he said adding that it was for credit not for venture capital

Zomato raises Rs 456 cr from Temasek subsidiary MacRitchie Investments

Business Standard had earlier reported in August that the Bengaluru-based company was planning to raise capital from MacRitchie by allotment of 15,188 shares

Mitron raises $5 mn in Series-A round led by Nexus Venture Partners

Company will use proceeds to accelerate product development and increase user engagement. It plans to onboard content creators on the app

Toppr raises Rs 350 crore in Series D funding to scale up AI platform

With this, Toppr has now raised Rs 700 crore in all and will use these funds to grow its AI learning platform with over 13 million registered students and to launch new platforms for coding