Page 16 - Startups
Classplus raises $65mn funding from Tiger Global, GSV Ventures, AWI
This is the fourth round of funding raised by the company in the last 15 months.
 "Classplus raises $65mn funding from Tiger Global, GSV Ventures, AWI")
CityMall raises $22.5 mn in funding from General Catalyst, others
Recently, the company has expanded beyond daily-use products like groceries and FMCG products, into fashion, electronics, electrical appliances, cosmetics and others.
 "CityMall raises $22.5 mn in funding from General Catalyst, others")
BharatPe fiscal 2021 revenue jumps over six times to Rs 700 crore
This comes as the pandemic has forced people and businesses adopt digital transactions and fund-starved small businesses seeking more credit avenues like this start-up.
 "BharatPe fiscal 2021 revenue jumps over six times to Rs 700 crore")
NV Capital launches first credit-fund for media, with a Rs 500 cr corpus
Founded by industry professionals and ex-bankers Nitin Menon and Vivek Menon, NV Capital recently received Sebi's nod as a Category-II AIF
 "NV Capital launches first credit-fund for media, with a Rs 500 cr corpus")
Homegrown job platform Apna raises $70 million at $570 mn valuation
Professional networking and jobs platform Apna said it has raised $70 million in Series B round led by Insight Partners and Tiger Global, taking its valuation to $570 million
 "Homegrown job platform Apna raises $70 million at $570 mn valuation")
Apna, jobs app for India's blue-collar workers, raises $70 mn in funding
Apna is sort of a LinkedIn for non-English speaking and non-affluent Indians, says its founder.
 "Apna, jobs app for India's blue-collar workers, raises $70 mn in funding")
At $16.5 bn, Byju's most valuable startup in India after raising $350 mn
As per CB Insights data, as of June 2021, Byju's is the 11th most valuable startup in the world
 "At $16.5 bn, Byju's most valuable startup in India after raising $350 mn")
Whatfix raises $90 mn funding from SoftBank Vision Fund 2, others
Whatfix is a digital adoption solutions provider
 "Whatfix raises $90 mn funding from SoftBank Vision Fund 2, others")
 "Mervik Haum's Handbook on Ensuring Sustainability of a New Startup")
Urban Company raises $255 million, valuation crosses $2.1 billion
Home services marketplace Urban Company on Wednesday said it has raised $255 million (about Rs 1,857 crore) in funding led by Prosus Ventures, Dragoneer and Wellington Management
 "Urban Company raises $255 million, valuation crosses $2.1 billion")
3one4 Capital leads early-stage round in healthtech firm Breathe Well-being
The enterprise, which helps people prevent and manage Type-2 Diabetes has raised $1 million
 "3one4 Capital leads early-stage round in healthtech firm Breathe Well-being")
Indian startups to get $200-mn VC fund focusing on 4 areas of climate tech
The fund is targeting 15-20 investments with ticket size of $500,000 to $20 million
Bombay Stock Exchange signs pact with ESC to encourage listing of startups
BSE said it has joined hands with Electronics and Computer Software Export Promotion Council (ESC) to create awareness about the benefits of listing among small businesses and startups.
 "Bombay Stock Exchange signs pact with ESC to encourage listing of startups")
Upgrad aims to close March 2022 at $500-million revenue run rate
upGrad, South Asia's largest online higher education company, in its recently held company meeting announced that it aims to close March'22 at half a Billion Dollar Revenue Run Rate.Highlighting the future of online higher education, Ronnie Screwvala, Co-founder, and Chairman firmly believes Higher Edtech is the frontrunner in the overall Education space. "There is just a lot of buzz, and fund 'fan' following in the K12 space worldwide, but the real growth and stable revenues will come from Higher Education when the pandemic settles - in the next couple of years, Higher edtech sector will overtake K12 in emerging and mature markets too.""upGrad is now best-placed, being the most integrated Higher Edtech company - spanning all aspects of LifeLongLearning - from under-grads to test prep to being the first port of call for colleges/universities to go digital through technology & SaaS enablement, to offering degrees in the most sought-after fields for learners to build their careers
 "Upgrad aims to close March 2022 at $500-million revenue run rate")
Rural fintech startup Jai Kisan raises $30 mn in funding from Mirae Asset
Rural fintech startup Jai Kisan on Monday said it has raised USD 30 million (about Rs 217 crore) in a combination of equity and debt funding led by Mirae Asset
 "Rural fintech startup Jai Kisan raises $30 mn in funding from Mirae Asset")
After crossing $1 bn in valuation, Moglix plans to expand globally
The industrial B2B startup for manufacturing plans to tap emerging markets such as Middle East, Southeast Asia, Africa and countries such as Bangladesh, Sri Lanka and Nepal
 "After crossing $1 bn in valuation, Moglix plans to expand globally")
Corporate card provider Kodo raises $8.75 mn seed from slew of investors
Card spends on Kodo have grown 45 per cent month-on-month for the past 12 months, the company claims
 "Corporate card provider Kodo raises $8.75 mn seed from slew of investors")
IvyCap leads $6 million funding round in mobility platform Get My Parking
Existing investor IAN Fund also participates. With this Series-A round, startup has raised $10.5 million in all so far
 "IvyCap leads $6 million funding round in mobility platform Get My Parking")
N+1 Capital makes first ever India investment, parks Rs 5 cr in Clensta
Clentsa recently entered a strategic tie-up with pharma brand Cipla for its first commercialised products, Waterless Bodybath and Waterless Shampoo
Bhavin Turakhia-founded Zeta enters unicorn club with $1.4 bn valuation
Banking tech startup attains value after $250 mn funding from SoftBank
 "Bhavin Turakhia-founded Zeta enters unicorn club with $1.4 bn valuation")
