Samunnati, a Chennai-based startup that provides financial, co-financial and non-financial solutions to marginal, small and medium holders including farmers, agri enterprises and wholesale/retailers, announced it has raised $20 million in debt from the US International Development Finance Corporation (DFC), according to the ETtech report. The startup will use the capital to expand its financing and…
Shipskart, an e-procurement platform of the maritime industry, announced that it has raised an amount of $225,000 as part of a pre-series A funding from Betatron. A Venture Capital Firm & Startup Accelerator, Betatron, has recently ventured into investing in maritime startups and is ably supported by YPSN (The Young Professionals In Shipping Network) and…
Rephrase.ai, the Bengaluru-based AI-led synthetic media production startup, announced that it has raised $1.5 million in seed funding round led by Lightspeed Ventures and AV8 Ventures, according to YourStory report. The startup will use the funding to scale its AI-powered video personalisation platform, strengthen its commercial presence in North America, and expand its engineering and…
Melorra announced that it has raised $12.50 million in funding from Symphony Asia, Lightbox Ventures and Alteria Capital. Existing investors and new family offices of Burman, Jeejeebhoy, others also participated in the funding round. The startup will use the funds for technological innovations, product innovations, and marketing to grow the brand awareness and position Melorra…
Visa, the global leader in digital payments technology, announced the launch of a grant program in India to support women entrepreneurs with its global partner, IFundWomen. As an extension of two successful programs launched in the U.S. this year, women entrepreneurs in India will now receive funding from Visa to grow and expand their business.…
Classplus, an education technology startup, announced it has raised $10 million in fresh funding led by Alpha Wave Incubation. Existing investors RTP Global and Blume Ventures also participated in the funding round, according to media reports. As per Tofler, the regulatory documents showed that Alpha Wave Incubation has invested Rs 56.32 crore, while Blume Ventures…
AFK Gaming, an esports content company that creates written, video, social and live content while enabling brands and tournament organizers to engage with the esports audience, announced it has raised $200,000 in pre-Series A funding round from Inflection Point Ventures (IPV), an early-stage investing platform, as per YourStory report. The company will use the current…
Wisdom Gaming Group, the US-based digital media company specializing in esports content and experiences, announced that it has secured $3 million in Series A funding led by Excelsior Ventures Fund. “The investment allows Wisdom Gaming Group to continue aggressively growing its esports marketing platform, digital content and gaming media network portfolio, which includes HeroesHearth, Alpine…
ACKO, a Bengaluru-based insurtech company which makes buying and using insurance effortlessly, announced it has raised $60 million in a funding round led by Munich Re Ventures. Existing investors Amazon, RPS Ventures, and Intact Ventures Inc, which is the corporate venture arm of Canada’s largest property and casualty insurer, also participated in the funding round. …
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…
The Moms Co, a Gurugram-based startup that provides baby care products and self care products for mothers, announced it has raised $8 million in funding from Saama Capital and DSG Consumer Partners. Till now, the startup has raised $10 million in funding. Other investors that participated in the funding round are Shripad Nadkarni, an early…
Medefer, the U.K.-based virtual healthcare provider, announced it has raised £10 million in new funding led by Nickleby Capital, a private investment firm. The funding will be used to grow the team and invest in technology to “service new contracts, enable new product development and ensure scalable and robust growth”. Founded in 2013 by NHS…
Britive, the California-based provider of cloud-native security solutions for the most demanding cloud-forward enterprises, announced that it has raised $5.4 million in late seed funding led by Upfront Ventures. Kara Nortman, Partner at Upfront Ventures, joins the Britive board in conjunction with the investment. Co-investors in the round include venture firms OneWay and SmartGate, Andrew…
CustomFit.ai, the Bengaluru-based no code SaaS personalisation platform, announced it has raised a pre-seed round of funding led by Java Capital. The round also saw participation from investors including Upsparks, FirstCheque, and LetsVenture, reports YourStory. Founded in 2019 by Ashwin Kumar and Shoaib Mohammed, CustomFit.ai drives the growth by putting personalization at the center of…
i3 Systems, an insurance-tech startup based in Mumbai, announced that it has raised $1.5 million pre-Series A funding from Unitus Ventures. Other investors that participated in the funding round are Alok Agarwal, CFO at Reliance Industries, Zhooben Bhiwandiwala, President, Mahindra Partners. The startup plans to use the funds to advance its technology that enables seamless…