Insurance distribution startup Finhaat has raised $3 million in its first institutional fundraise led by agri-focused venture fund Omnivore, along with participation from early-stage venture fund Kettleborough VC, according to ETtech report. Finhaat runs an online distribution platform through which insurance products are sold to consumers in rural and semi-urban India. The Mumbai-based startup works…
Kapture CX, a customer support platform for enterprises, has raised $4 million from India Alternatives, a private equity fund, according to ETtech report. The Bengaluru-based startup has been expanding on-ground operations in five countries: the US, the UAE, Indonesia, Saudi Arabia and India. The company last raised funds in July—a $4 million round led by…
MangoPoint, the first APEDA- and NPPO-recognized packhouse in Tamil Nadu, has raised INR 3.5 Crores in a funding round led by The Chennai Angels, with participation from the Nativelead Angel Network and Keiretsu Forum. Founded in 2018 by the husband-and-wife duo Manjula Gandhi Rooban and Prasanna Venkatarathnam, MangoPoint specializes in exporting single-origin, carbide-free, chemical-free high-quality…
Snacking brand Farmley has raised $6.7 million, about Rs 56 crore, in a funding round led by BC Jindal Group, according to PTI report. Existing investors DSG Consumer Partners, Omnivore and Alkemi Partners also participated in the funding round. Farmley cofounder Akash Sharma said the funds raised will be utilised in innovation, expanding distribution channel…
Water management startup DigitalPaani has secured funding of $1.2 million from Elemental Excelerator, Enzia, Peer Cheque, SAE, DevC, and Bharat Founders Fund, according to ETtech report. Angels investors including Urban Ladder founder Ashish Goel and Delhivery cofounder Mohit Tandon also participated in the seed funding round. Started by father-daughter duo Mansi Jain and Rajesh Jain,…
Speciality chemicals’ sourcing and manufacturing platform Scimplifi said it has secured $3.67 million in funding from institutional investors 3one4 Capital and Beenext, according to ETtech report. Angel investors with expertise in the chemical industry and business-to-business commerce also participated in the funding round. The startup said it would use the funds to expand the core…
White Lotus Group, a distinguished name in Bengaluru’s bespoke luxury real estate space, announced the successful completion of a significant INR 150 crores funding round. Spearheaded exclusively and for the first time in Indian real estate by Dubai-based Luxe Port Group of Companies, a globally renowned name in the luxury lifestyle industry. This substantial funding stands as…
Healthtech startup Zyla Health has raised $4 million in its series A funding round led by Exfinity Venture Partners, according to ETtech report. The round also saw participation from Sony Innovation Fund, Venture Catalysts and Aureoulis led by Paula Mariwala. The newly raised funds will be used to accelerate growth across its three key verticals…
Sprout Venture Partners, an early-stage venture capital fund, has raised close to $10 million as part of its second fund, according to ETtech report. The Sebi-registered investor intends to raise an additional $5 million by the middle of next year, to take the corpus to $15 million. As a part of its first fund, Sprout…
Fisker Inc has raised $150 million from an existing institutional investor through the issue of convertible bonds with an additional $550 million in funding available, according to Reuters report. The EV company expects to use the proceeds to ramp up deliveries. Fisker earlier this month reiterated its plan to increase deliveries of its flagship Ocean sports…
PhiCommerce, a SaaS-based omnichannel payment solutions provider, has raised $10 million in a new funding round, according to ETtech report. The round was led by Beenext, a Singapore-based venture capital firm that invests in India and Southeast Asia. Opus Ventures also participated in the round. The funds will be used to drive PhiCommerce’s expansion into…
Software company Idun has developed ProptechOS, an operating system for building data, in close collaboration with key players in the real estate industry, notably with Vasakronan as a key client and investor. Idun is now entering its next phase, and today announced the closure of a round of funding led by Software-as-a-Service investor Partinc. ProptechOS…
Regional-dialect OTT platform Stage said that Neeraj Chopra, the Olympic and world champion in men’s javelin throw, has become one of its investors, according to ETtech report. “My investment in Stage represents more than just a desire to rekindle the flames of our diverse regional dialects. We will embark on a journey together to reawaken…
Former Indian cricket team captain Mahendra Singh Dhoni has invested in Bengaluru-based fitness startup Tagda Raho, according to ETtech report. The startup, however, did not disclose the size of the investment or the company’s valuation. Tagda Raho has training centres in Bangalore and is set to launch another in Maharashtra next month, it said in…
Medical technology startup Inito said it has raised $6 million in a Series A funding round led by Fireside Ventures, according to ETtech report. The company, launched in 2015, helps women track fertility hormones and provides personalised analytics on reproductive health through its flagship product, the Fertility Monitor. Inito’s technology uses a combination of hardware,…