Moglix said it has raised $120 million (about ₹878.8 crore) in funding from Falcon Edge Capital, Harvard Management Company (HMC) and others, placing the industrial B2B e-commerce platform in the unicorn club, according to PTI report. The Series E round also saw participation from existing investors Tiger Global, Sequoia Capital India and Venture Highway. “We…
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New Delhi-based EkAnek Networks raises Rs40 cr funding led by Alpha Wave Incubation
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•Foxy parent EkAnek Networks, a startup focussed on beauty, grooming and personal care, announced it has raised Rs 40 crore funding led by Alpha Wave Incubation. Existing investors Sequoia Capital India, Lightspeed India, and Matrix Partners India also participated in the funding round. The company will use the funding to expand its presence to Abu…
Bengaluru-based Verloop.io raises $5 mn Series A funding led by Alpha Wave Incubation
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•Verloop.io, the Bengaluru-based customer support automation platform that helps businesses deliver delightful support experiences to their customers, across channels, announced it has raised $5 million in its Series A funding round led by Alpha Wave Incubation (AWI), along with existing investors IDFC Parampara and Infosys co-Founder Kris Gopalakrishnan. Launched in 2020 by Abu Dhabi’s sovereign…
Bengaluru-based fintech startup Setu raises $15 mn Series A funding
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•Setu, a Bengaluru-based fintech API infrastructure startup, announced it has raised $15 million Series A funding led by New York-based investment firm Falcon Edge Capital and Lightspeed Venture Partners US, the company announced recently. The company’s existing investors—Lightspeed India Partners and Bharat Inclusion Seed Fund—also participated in the new financing round, Nikhil Kumar, co-founder of Setu,…