Insurtech startup Riskcovry has raised around $4.5 million in a bridge round of funding led by Dubai-based business-to-business fund Morphosis Venture Capital, according to ETtech report. Indian financial services player IIFL also participated in this round, a statement said. The round has a small secondary component which offered liquidity to some of its employees and…
Nutrizoe, a women’s nourishment brand raised INR 3 Cr in a Bridge round led by Inflection Point Ventures. The funds will be utilized for the expansion and enhancement of Nutrizoe’s Lactobite portfolio following the completion of clinical trials. The focus will be on further developing the product line to cater to a wider range of…
HomeLane, a provider of personalized home interior solutions recently announced the successful completion of a bridge round, raising INR 75CR from its current investors. The funding will help accelerate HomeLane’s growth trajectory and support its expansion plans, a statement said. The bridge round reiterates the confidence of HomeLane’s investors in the company’s vision and also…
Trioscope, the groundbreaking entertainment and technology company behind Netflix’s The Liberator, announced it has closed the first tranche of bridge financing, led by KRAFTON, Inc., a collective of independent development studios that invests across multimedia entertainment. Recognized for introducing a whole new lane of hybrid entertainment that fuses live action with CG to create compelling visual worlds, Trioscope will…
Power Gummies, a Delhi-based nutritional supplement brand, has raised a bridge round of financing from Agility Venture Partners and existing investor DSG Consumer Partners. Till now, the startup raised $1 million in funding. Launched in 2018 by Divij Bajaj, Power Gummies claims that it has sold 8 lac gummies in the first year of its…
Svami, a Mumbai-based FMCG startup that sells non-alcoholic aerated beverages, announced that it has raised Rs 6.5 crore in a bridge round led by Mumbai Angels Network, according to YourStory report. Other investors that participated in the funding round are Rukam Capital Trust; Niren Shah, Managing Director of Norwest Venture Partners; and Ashish Chand’s family…
Pharmapacks, a US-based leading ecommerce enablement platform and retail seller for brands across major ecommerce marketplaces, announced the closing of a $40 million bridge round financing. The round was led by Reckitt Benckiser, The Craftory, The Straus Group, The Emerson Group, and Sawaya Capital Partners. JP Morgan Securities acted as Sole Placement Agent on the…
HomeLane, operated by Homevista Decor and Furnishings Pvt Ltd, announced that the platform has raised Rs 60 crore in a bridge funding round led by Stride Ventures. Stride Ventures has led the round with a Rs 20 crore debt commitment, HomeLane said in a statement. The remaining Rs 40 crore has come via equity funding…
eyewa, a UAE-based eyewear e-commerce player, announced that it has raised a pre-series B bridge round of $2.5 million from Wamda Capital, EQ2 Ventures and Nuwa Capital. This is eyewa’s third funding round, it comes hard-on-the-heels of a mid-2019 Series A round of US$7.5million and US$1.1 million in seed round in 2018. This bridge brings…
VilCart, a Bengaluru-based tech startup that enables retailers in villages and small towns to order consumer goods digitally, announced that it has raised bridge funding from new and existing investors. Investors that took part in the funding round include N S Parthasarathy, ex-COO and Co-founder of Mindtree; Dilipkumar Khandelwal, Managing Director and Global Head of…
ReneSola Ltd, a leading fully-integrated solar project developer announced that it successfully closed a bridge financing with Eiffel Energy Transition Fund to finance the construction of ReneSola Power’s 19 MW solar projects in Poland. This new facility provides an injection of 10.64 million euros (US$12.1 million) of new capital. It is the second bridge financing…
B9 Beverages, which owns and sells craft beer brand Bira 91, announced that it has raised $20 million in bridge financing from two of its existing investors– Sequoia Capital India and Belgium’s Sofina. Other investors that took part in the funding round include Korean private equity fund Neoplux and multiple family offices, whose names remain…