Page 4 - Startup

Compliance automation start-up Sprinto raises $10 mn in Series A funding

Since its website launch in June 2021, Sprinto claims to have doubled its annual recurring revenue over the last 10 weeks

IFC-backed Mintifi raises $40 million from Norwest Venture, Elevation

The IFC-backed Mintifi, a B2B-focused buy-now-pay-later platform, has raised USD 40 million (about Rs 300 crore) in its series-C round led by Norwest Venture Partners and Elevation Capital

Digital meeting platform Airmeet raises Rs 260 cr in series-B funding round

Digital meeting platform Airmeet on Tuesday announced to have raised Rs 260 crore in series B funding from new as well as existing investors.

Wealthy.in raises Rs 56 crore in funding round led by Alpha Wave

Bengaluru-based wealth management platform Wealthy.in on Tuesday said it has raised Rs 56 crore in Series A round of funding led by Alpha Wave Incubation. New investor Savrola Group and existing investors Venture Highway, Good Capital & Emphasis Ventures also participated in the round. "With the latest round of funding, Wealthy.in plans to penetrate deeper into the Indian market as well as expand in international markets like the Middle East," the company said in a statement. Founded by Aditya Agarwal and Prashant Gupta, Wealthy.in claims that it is managing client assets worth USD 450 million. "For a long time, we have been known as a country of great savers but not great investors. However, we are seeing signs of a structural shift in the market, where investors want to manage their life's savings through a diversified pool of products. Through our tech-enabled platform and holistic offering, Wealthy.in is well positioned to lead this market shift, Agarwal said. Good Capital .

Gaming start-up Atirath raises undisclosed amount in seed fund from Kalaari

The company develops games in casual and strategy genre and is preparing products for the metaverse.

Jio acquires 25% stake in deep-tech startup Two Platforms for $15 mn

Two Platforms is an artificial reality company with focus on building interactive and immersional AI experiences

Logistics SaaS startup FarEye announces second ESOP buyback programme

Aimed at rewarding and recognizing employees' dedication and hard work in driving FarEye's growth over the last year, this is the company's second buyback and largest to date.

Economic Survey: Delhi dethrones Bengaluru as India's start-up capital

India has 83 unicorns with a total valuation of $277.77 billion, the Survey of 2021-22 says

Airtel buys around 25% equity stake in startup Lavelle Networks

Telecom operator Bharti Airtel on Monday announced an agreement to acquire about 25 per cent equity stake in Bengaluru-based technology startup Lavelle Networks.

Industrial B2B startup Moglix's valuation tops $2.6 bn with $250 mn funding

Early investors, who had bet on Moglix at the seed stage, have seen an 80x return on their investment in this B2B commerce firm

Akshay Kumar-backed Social Swag raises $3.5 mn in pre series A round

The round has been led by IMEF and Unicorn India Ventures, which has made its maiden announcement in a content creator economy specialist platform

Lee Fixel's Addition leads $14-mn funding in SaaS startup SuperOps.ai

The funding would enable company to disrupt the stagnant managed service providers market and take on legacy vendors with its newly launched AI-powered PSA-RMM platform

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.

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

Lead start-up, innovation movement: Assam CM Himanta to Gauhati

Assam CM Himanta Biswa Sarma urged Gauhati University to lead a start-up and innovation movement in the state and assured the institute that it will get all support from the government.

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

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

India's next UPI moment can be Open Network Digital Commerce: Piyush Goyal

ONDC will help the common man get access-new age technology at affordable costs

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.

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