M2P Fintech, one of Asia’s leading API infrastructure provider led the USD 2.50 million funding round for the Account aggregator platform Finvu. Varanium Nexgen Fund, IIFL and DMI Sparkle Fund also participated in the round. Founded in 2017, Finvu is a registered and licensed NBFC Account Aggregator (NBFC-AA) from the Reserve Bank of India (RBI)…
Gurusiksha, a platform where education and technology come together to create a hybrid learning system, recently announced that they have acquired their first investment round of Rs 50 lakhs in a pre-series round from angel investors. They also said that they are planning another Series A funding round later in the year since their next…
Gurgaon and Bengaluru-based insurtech firm, Ensuredit has raised 4.2 million USD in Pre-Series Round A led by Cover Genius, the global insurtech for embedded insurance, with participation from other leading investors including 9Unicorns, NexStep Discovery Pte, CP Ventures, Venture Catalysts & IPV. Apart from the new investors, existing investors also participated in the current round. The company aims…
Stock trading platform MarketWolf has raised $10 million in its latest funding round led by Jungle Ventures and Dream Capital. Existing investors and others, including 9Unicorns, Iseed, Crescent and Riverwalk, also participated in the round, according to ETtech report. The startup plans to use the capital to build out its product suite and to hire…
Fintech company Lendingkart announced it has raised debt funding of Rs 75 crore from GMO LLC and Triodos Investment, according to PTI report. The company will use the funds to originate MSME (micro, small and medium enterprises) loans across all states with credit decisions in a live environment using in-house built origination engine ‘xlr8’ and…
Bengaluru-based ‘Move-to-Earn’ (rewarding users for engaging in physical exercises) startup Fitmint has announced raising seed funding of $1.6 million from multiple VCs and institutional investors, according to PTI report. The funding round was led by venture capital firm General Catalyst, and it also witnessed participation from iSeed, Kearny Jackson, Dweb3 and 1947 Rise, among others.…
Progcap, a New Delhi-based Business-to-Business (B2B) lending platform, has raised $40 million, in an extension of its Series C funding round, according to ETtech report. Existing investors Creation Investments, Tiger Global Management and Sequoia Capital led the funding round, with Google joining in as a new investor. The company raised $30 million in the first…
Decimal Point Analytics (DPA), a leading financial research and analytics firm, secured an investment of $ 4.7mn from a global insurance company in the GCC region. This is in line with the growth strategy and expanding DPA’s geographical presence across the globe, a statement said. The capital raised will build DPA’s delivery capability, strengthen the…
Cross-border payments startup PayGlocal has raised $12 million funding co-led by Tiger Global and Sequoia Capital India. The startup will utilise the funds to scale its business and launch new payment solutions. BeeNext and angel investors like Pine Labs CEO Amrish Rau, Citrus Pay and Jupiter founder Jitendra Gupta, and Cred’s founder Kunal Shah also…
Employee Benefits and InsurTech platform Pazcare announced that it has raised $8.2 million led by Jafco Asia. The round also saw participation from existing investors 3One4 Capital and BEENEXT. The fresh round of funds will be used to further strengthen and expand the product line and in the growth of the business. Post this round…
Direct-to-Consumer (D2C) skincare brand Foxtale has raised $4 million funding led by Matrix Partners India. Existing investor Kae Capital also participated in the funding round, along with angel investors. Launched in December 2021 by Romita Mazumdar, Foxtale focuses on affordable skincare products. The company presently sells online and clocks most of its sales through its…
Unwind Mind announced the closing of its pre-seed funding round wherein it raises Rs. 2 Cr. at a Valuation of Rs. 15 Cr. with participation from strategic investors, including Yogesh Chaudhary and Marwari Catalysts. Unwind Mind is a D2C venture aiming to enter into D2C fashion brands. Further, the startup will use the funding to aid…
Omnichannel eyewear brand Lenskart has raised $28 million from Avendus Future Leaders Fund II, according to the startup’s regulatory filings. Existing investors Temasek, Schroder Adveq and others also participated in the funding round. Lenskart will invest a portion of the funding round in its direct-to-commerce (D2C) roll-up commerce venture Neso Brands, according to ETtech report.…
Perimeter 81, a company that offers secure network solutions for the hybrid workforce on its cloud-based platform, announced it has completed a $100 million Series C funding round led by B Capital, with the participation of Insight Partners, Toba Capital, ION Crossover Ventures, Entrée Capital and publicly-traded Spring Ventures led by Aviv Refuah. “This puts us at $1 billion valuation but more importantly,…
Alt Co., green food major, announced it has raised north of US$1 million in a funding round led by major investors from Singapore, the Middle East and India. With this injection of funds, the Bengaluru-headquartered sustainable plant-based alternative brand will be seeking to expand and grow its sales and product basket, a statement said. In the…