Jakarta-based Wagely, a financial wellness platform that enables earned wage access, has announced that it has raised US$5.6 million in a strategic round of investment. The round is led by Integra Partners (formerly known as Dymon Asia Ventures) with participation from ADB Ventures (the Asian Development Bank’s venture arm), PT Triputra Investindo Arya (one of…
Mumbai-based edtech startup Klassroom Edutech has secured $200,000 in its pre-Series A funding round. Led by ah! Ventures, the pre-Series A round saw participation from angel networks like Meteor Ventures, Startup Angels Network and Growth Sense. “This funding from ah! Ventures and other reputable networks will help us grow our existing offerings, enhance innovation in…
Jai Kisan, a rural fintech startup, has announced that it has raised US $30mn in a combination of equity and debt in its Series A funding round. The round was led by Mirae Asset. Syngenta Ventures, existing investors Blume, Arkam Ventures, NABVENTURES (NABARD), Prophetic Ventures and Better, other global investors, along with HNIs also participated…
Banking tech startup Zeta has announced that it has secured $250 million in investment from SoftBank Vision Fund 2. This Series C investment values Zeta at $1.45 billion. With this investment, Zeta becomes the latest entrant to the unicorn club. “Most banks are using decades old software built when Mainframes and Cobol were in vogue.…
Edtech startup, CoLearn has raised $10 million in Alpha Wave Incubation and GSV Ventures co-led Series A funding round. “Existing investors, including Sequoia India’s Surge and AC Ventures, also participated in the round. This fresh infusion of capital will help the company to invest in product, technology, development, hiring and marketing,” a statement issued by…
Accelerator fund of Venture Catalysts – 9Unicorns has announced the third close of its accelerator fund at $40 million. “As a fund, we aim to back early-stage firms that have the potential to become billion-dollar companies in the future. We have made our third close much before our set target and are looking to make…
Corporate health insurance platform – Nova Benefits has secured USD 1 million in the latest funding round. The seed funding round was led by Titan Capital, Multiply Ventures and Better Capital. The round also saw participation from angel investors – CEO of Rupeek Gold Loans – Sumit Maniyar and Ashish Goyal, Early Salary co-founder. “Through…
Shubu.ai, a Bengaluru-based artificial intelligence (AI) enterprise, has raised $1 million from a health-tech investor. Shubu.ai is a voice-based assistant developed focused on doctors and medical practitioners. The cloud based, AI-driven application claims to simplify the documentation workload for doctors as well as assists in other administrative tasks. The app was developed by a group of IIT…
Alteria Capital, a Venture debt firm, has raised Rs 1,325 crore for its second fund. “The fund, which is targeting a final close at Rs 1,500-Rs 1,700 crore by September, will look to back more startups through its debt solutions,” stated founder and managing partner at Alteria Capital – Vinod Murali. “With the second fund,…
Workshop, a platform for sharing and finding important internal information, has raised a $3.5 million seed round. The round included a group of prominent Midwest venture funds and angel investors, including Ludlow Ventures, M25, and Linseed Capital. The startup also announced their founding team, which includes Dusty Davidson and Rick Knudtson (former founders of Flywheel) and Ben Stevinson and Derek Homann (former founders of Median).…
Neobanking platform StashFin has raised $40 million in its Series B funding round. The Singapore-based startup received investment from global investors – Uncorrelated Ventures and Altara Ventures, among others. The funding round saw participation from Integrated Capital, Saison Capital, Kravis Investment Partners and Tencent Cloud Europe BV, along with existing investors Snow Leopard Ventures, Alto…
Easebuzz, a fintech startup, has secured $4 million in its ongoing Series A funding round. The 8i ventures, Guild Capital and Varanium capital led funding round also saw participation from former founders of Citrus Pay Amrish Rau and Jitendra Gupta. The funds raised from the latest round of funding will be used to strengthen the…
Bengaluru based startup DusMinute has raised lands $1.1 million in latest funding round led by Indian Angel Network. The pre-Series A round also saw participation from a few high net-worth individuals (HNI). Speaking on the investment, CEO of DusMinute – Apoorva Mishra, said, “We are developing a sustainable ecosystem and reducing carbon footprint by serving…
Bangalore-based start-up Homingos, building Augmented Reality (AR) based social networking platform, has announced a round of funding. Seasoned investors led by BITS Spark Angel Network members Raju Reddy, Sundi Natarajan, JayanRamankutty, Shivakumar Ganesan, Rahul Seth, and Srinivas Anumolu of Growth Story, and others are backing the team. Founded by Shourya Agarwal, Malhar Patil and Rajat…
Moglix, the Ratan Tata-backed B2B e-commerce start-up has named Neelam Dhawan as Board Advisor. Prior to this, she has been a part of Hewlett Packard Enterprise, Microsoft, IBM and HCl, along with several other companies. Dhawan is the supervisory board member of Royal Philips, Netherlands. She is also the non-executive director of Yatra Online, ICICI…