Talino Venture Studios, an award-winning global venture studio for sustainable innovation, and Chemonics International, a leading sustainable development firm, have launched and seed-funded Higala, the pioneer startup Inclusive Instant Payment System (IIPS) in the Philippines. As an IIPS, Higala will serve as a financial superhighway that will connect thrift banks, rural banks, and microfinance institutions that are currently excluded from payment networks because of high switching and on-ramp costs, as per the statement. Despite the presence of 400 rural banks in the Philippines, only a mere 18 are part of InstaPay. This highlights a significant challenge: the […]
Tag: Startup funding
Digital payments major PayU has invested $5 million in Mumbai-based cross border payments platform BriskPe, the company said in a press note, according to ETtech report. This is the first institutional funding round for the startup. The investment is part of PayU’s efforts to build a full stack payments platform across both domestic and international […]
Truck aggregator startup LetsTransport has raised $22 million in a funding round led by Bertelsmann India Investments, according to the ETtech report. The round also saw participation from Rebright Partners, NB Ventures, ALES Global, Stride Ventures, CAC Capital and others. The funds will be used for expanding market presence, scale adjacent business verticals and to […]
Direct-to-consumer snacks and instant foods maker Adukale has secured Rs 11 crore in a funding round led by venture fund Force Ventures, according to ETtech report. The funds will primarily be used for expansion of the company’s offline presence, its chief growth officer, Vinay Gopinath, told ET. Adukale, founded in 2009, sells a variety of […]
Spacetech startup Dhruva Space has raised $9.4 million in a mix of equity and debt from IAN Alpha Fund, Technology Development Board and other existing investors in its latest funding round, according to ETtech report. The capital infusion, of which Rs 24 crore was in debt, will help the Hyderabad-based startup set up its first […]
Conformation-X Therapeutics, LLC, an immune-oncology focused drug development company, announced that it has closed an oversubscribed funding tranche of $3.65M, bringing the total raised since inception to over $13.5M. The company unveiled its lead assets by disclosing successful ex vivo and in vivo proof-of-concept studies for its HHLA2 and IL18BP programs, marking critical milestones in the cancer drug development […]
Hair care products maker Traya has raised Rs 75 crore in funding from Mumbai-based private equity fund Xponentia Capital, according to ETtech report. The firm offers a range of products targeting issues like hair loss. Previous to this, Traya has raised about $3 million from the likes of Fireside Ventures, Stride Ventures, Kae Capital and […]
SuperK, which runs retail supermarkets in tier 3 towns and beyond, has raised $6 million (Rs 50 crore) in a funding round led by Blume Ventures, according to ETtech report. Investors like Silver Needle Ventures, Veltis Capital and Atrium Angels, among others, participated in the round. The firm did not disclose the valuation at which […]
JustDeliveries, a provider of logistics solutions for perishables, has raised $1 million in a pre-Series A funding round led by Nabventures, according to ETtech report. Other investors including Faad Network, Anay Ventures, Caret Capital and Mahansaria Family Office also participated in the round. Nabventures, a subsidiary of the Indian government’s National Bank for Agriculture and […]
In a strategic move towards bolstering its technological capabilities and expanding its reach in the market, Arapl RaaS has recently secured significant funding of Rs 38 crore from its parent company ARAPL (Affordable Robotic and Automation Limited). This infusion of capital comes as part of a larger rights issue totalling Rs 48 crore, indicating strong […]
Carbon emission management platform Sprih has raised $3 million in a funding round led by early-stage venture capital firm Leo Capital, according to ETtech report. The company said that the funds will be used for expanding globally on the sales front, acquiring talent for developing artificial intelligence (AI) models focusing on climate issues and expanding […]
Brand analytics platform GobbleCube, cofounded by former executives of quick-commerce firm Blinkit, has secured $1.9 million in a seed funding round led by Kae Capital, according to ETtech report. The round also witnessed participation from US-based consumer fund CRV, and other angel investors. With the capital infusion, the startup aims to strengthen its product engineering […]
OKX Ventures, the investment arm of leading Web3 technology company OKX, announced its participation in the pre-A round investment for Delphinus Lab, a trustless computation platform provider that aims to deliver a Zero-Knowledge WebAssembly (zkWASM)-based application rollup platform known as zkWASM Hub. Delphinus Lab’s product offers automated proving and batching services for application workloads, with the added flexibility […]
Health and fitness platform Cult.fit has raised Rs 84.5 crore (around $10.2 million) in a funding round led by existing investor Valecha Investments, which contributed over Rs 36 crore, according to ETtech report. Other participants in the round include Gul Advani of Sun-n-Sand Hotels, who has infused Rs 28.26 crore, Extreme Brands LLP, L&K Wellness […]
Mokobara, a Bengaluru-based direct-to-consumer luggage brand, has raised $12 million in its latest round of funding led by Peak XV Partners (formerly Sequoia Capital India), at a valuation of $80 million post-money, according to ETtech report. Mokobara’s existing backers Sauce VC and Saama Capital have also participated in the Series B funding round. Of the […]