Insurtech startup Finsall has raised a seed round of Rs 2.4 crore led by Unicorn India Ventures. SEA Fund and a clutch of angels — Tirumala Gudla and Karthik Sridhar (CEO, SupplyAI) also participated in the funding round. Founded in 2018 by Promod Khanna, Tim Mathews and Prabal Khanna, Finsall provides insurance premium financing service…
Otipy, the social commerce venture of farm-to-fork agritech startup Crofarm, said it is planning to raise USD 10 million this year to expand its presence in the country. To empower more resellers and further build its business across India, Otipy is in active discussions to raise USD 10 million in 2021, the company said in…
Metvy, an AI driven networking platform for individuals and organisations which aims to provide a seamless end to end networking experience, has raised an undisclosed pre-series round of funding from HostelFund. Founded in 2018 by Shawrya Mehrota and Rajan Luthra, Metvy had earlier raised seed funding from an incubator backed by the government of Delhi. …
Flexiv Ltd., the world-leading general-purpose robotics company, has closed an over 100m USD Series B round with major investors including Meituan, Meta Capital, New Hope Group, Longwood, YF Capital, Gaorong Capital, GSR Ventures and Plug and Play, marking the largest single-round fundraising ever in the field of general-purpose robotics. Commenting on the development, Shiquan Wang,…
Biteable, an online video builder, announced that it has raised $7 million in Series A funding led by Cloud Apps Capital Partners. The startup will utilise the current financing for product development and expanding its global customer base. The company expects to continue scaling its teams across go-to-market, product, engineering, and operations functions. The company…
Qzense Labs, an agri-tech startup building the next-generation IoT solution for fresh food quality assessment and management, has raised Rs 4.5 crore in seed capital led by Venture Catalysts. Other participants in this round include 9Unicorns, the accelerator fund set up by Venture Catalysts, The Chennai Angels, Entrepreneur First, and Lumis Partners. Founded in 2019…
Graphcore – maker of the Intelligence Processing Unit which is a new type of microprocessor specifically designed to support artificial intelligence workloads – announced that it has raised $222 million in a Series E funding round that values the company at $2.77 billion post-money. The company will utilise the current financing to support the company’s…
Oneiric Gaming has raised angel funding from Trishneet Arora, the Founder and CEO of TAC Security. Oneiric Gaming recently launched its flagship game – Bluff. The firm aims to disrupt the gaming world and expose the mass to a new dimension of gaming and adventures while making dreams a reality. Commenting on the investment, Trishneet…
Escrow-as-a-Service platform NCOME has secured Rs 3.6 crore funding led by Venture Catalysts, 9Unicorns, PointOne Capital and LetsVenture, according to a PTI report. NCOME offers enterprise and individual customers with fast, secure, and low-cost digital escrow service, the company said in a statement. NCOME leverages technology to streamline conventional processes through online KYCs and digital…
Vauld, a cryptocurrency-based lending and decentralised finance (DeFi) platform that provides its users with a customer-centric banking solution leveraging blockchain, has raised $2 million in a funding round to expand in India. The Singapore- and Bengaluru-based company raised this capital from a clutch of investors, which include Pantera Capital, Coinbase Ventures, CMT Digital, Gumi Cryptos…
Coagulo Medical Technologies, an MIT-born startup that has developed the world’s first precision-medicine platform for comprehensive and targeted blood clotting management, announced it has raised $6.5 million in financing from 20/20 HealthCare Partners, Sands Capital, Good Growth Capital, IAG Capital Partners and private investors. The startup also announced that it has been awarded a Small…
TaxBuddy.com, a B2C portal for tax return filing and tax advisory business, has raised $1 million in an early-stage fundraise from Zenith Global, a United Arab Emirates-based fund. The startup will use the capital it has raised for market outreach as well as deepening user engagement. SSBA Innovations Private Limited operates TaxBuddy.com as well as…
Zeek, the Southeast Asia-focused logistics technology startup, announced that it has secured approximately US$10 million in Pre-Series A financing from regional strategic investors and investment funds. The startup will utilise the current financing to further expansion in Southeast Asia markets, enhancement and refinement of logistics management technology and data analytics applications. The latest round of…
Discord, an online chat and voice communication platform designed for creating communities, has raised $100 million in its latest H round of funding led by Greenoaks Capital. The platform reached 140 million monthly active users (MAUs), double the number it had a year ago, the media reported. Post this funding, the startup is valued at…
StockX, an online marketplace to buy and sell limited edition and high demand sneakers, announced it has raised $275 million in a Series E funding round led by Tiger Global Management, with participation from Altimeter Capital, Sands Capital, and Whale Rock Capital Management. Post funding, the company is valued at $2.8 billion. The new investment…