Thursday, December 1, 2022
HomeInsightFunding Alert Ather Energy, GoKwik, SirionLabs, & others raise funds

[Weekly Deals Roundup] Ather Energy, GoKwik, SirionLabs, & others raise funds

[Weekly Deals Roundup] Ather Energy, GoKwik, SirionLabs, & others raise funds

EV platform Ather Energy, GoKwik, an e-commerce enablement platform, SaaS platform SirionLabs, and other startups & venture capital raised funding in this week.

EV platform Ather Energy raises $128 mn in Series E funding

Electric scooter manufacture company Ather Energy has raised $128 million in series E funding round from National Investment and Infrastructure Fund (NIIF), the Indian government’s sovereign wealth fund and existing investor Hero MotoCorp.

The company plans to use the funds to expand its manufacturing facilities, invest in research and development and its charging infrastructure, and grow its retail network.

GoKwik raises $35 mn in funding from Think Investments, others

GoKwik, an e-commerce enablement platform has raised $35 million in its Series B funding round from Think Investments with participation from existing investors Sequoia Capital India, Matrix Partners India, and RTP Global.

The startup plans to use this fund to work on technology solutions for large markets and omnichannel players, and to continue expanding into the D2C market.

SaaS platform SirionLabs raises $85 mn In Series D Funding

SirionLabs, a Contract management software-as-a-service (SaaS) startup has raised $85 million in its Series D funding round from Partners Group.

The company plans to use these funds to scale up its operations, increase hiring and add 200 employees to its workforce. It will also use the funds to enhance its product development, user interface and investments to focus on AI development to attract new customers.

9Unicorns announces fifth closure at $100 mn of maiden fund

9Unicorns, an early-to-growth stage accelerator fund, has announced the closure of its first fund for $100 million.

The startup plans to invest $500K to $1 million this year in the Idea stage and up to $2 million in high-growth stage Series C and above startups.

The company focuses on DeepTech, Enterprise SaaS, Web 3.0, FinTech, Media, InsureTech, HealthTech, Edutech and D2C startups.

Gemba Capital raises maiden fund at Rs 75 crore

Early-stage venture capital (VC) firm Gemba Capital has raised its maiden funds at Rs 75 crore.

The VC firm will use 50% of the funds in fintech and SaaS startups, while the remaining amount will be deployed in various startups including Web 3.0, gaming, deep tech, healthcare, and B2B commerce.

D2C brand Skillmatics raises $16 million in funding

Skillmatics, a full-stack direct-to-consumer (D2C) brand for educational products and games for children, has raised $16 million in its latest funding round from Sofina Ventures.

The startup plans to use the funds to strengthen its presence in the US market, expand the brand’s product offering across new-age groups and product categories, expand its presence in new international markets such as Japan and Australia, and make strategic acquisitions.

Home Construction app Kolo raises $4 mn led by RTP Global

Kolo, a Home construction marketplace platform has raised $4 million in its series A funding round from global VC firm RTP Global and existing investor Better Capital.

The fund will help fuel the company’s continued growth, enhance consumer-side product offerings including a content-recommendation engine, community offering, digital portfolio and tools for professionals, and expand its presence across India, the company said in a statement.

Fintech startup Multipl raises $3 million in funding

Multipl, a Fintech platform has raised $3 million in a funding round from Blume Ventures, GrowX Ventures, IIFL, and Kotak Securities Limited.

The company plans to use the funds to expand investment options and help Indians plan their expenses better.

ForeignAdmits raises Rs 3.26 crore in funding

ForeignAdmits, an Overseas study assistance startup has raised Rs 3.26 crore from early-stage investor Unicorn India Ventures (UIV).

The startup plans to use the funds to enhance its technology platform to further its ongoing business development efforts as well as provide better experiences to students and partners.

Fintech platform GoldenPi Technologies raises $2 mn in pre–Series A funding

GoldenPi Technologies Pvt. Ltd, a marketplace platform focused on fixed-income investments, has raised $2 million in its pre-Series A funding round from domestic investors including High-net-worth individuals.

The startup plans to use this money to develop the technology stack, and outreach programs and expand its team across India.

Edtech Platform iNurture raises $15 mn in funding

Edtech company iNurture, which provides higher education programmes in India, has raised $15 million in a combination of debt and equity round from ADM Capital.

The startup plans to use the funds to boost the development of its NEP-ready (National Education Policy 2020) programmes, expand its ‘Center of Excellence’ model across university partners in India, and enhance its technology for access to student placements.

Josh Talks raises $3.5 mn in a round led by Ankur Capital

Josh Talks, the regional content and upskilling platform has raised$3.5 million in funding from Ankur Capital, a new age investor.

The platform plans to utilize this fund to grow itself and become a preferred social learning platform in India and also plans to experiment with new product lines that meet the aspirations of this user segment.

Retail tech startup NutriTap raises $1.5 million in funding

NutriTap Technologies, a Retail tech startup has raised $1.5 million in Pre-Series A funding round from Venture Catalysts, LetsVenture, IK Capital, Elysian Fintech and a few marquee HNIS from the retail industry.

The startup plans to use the funds to scale up in-house technology, invest in R&D, and expand presence across regions and cities.

Shopflo raises $2.6 mn in seed funding round

Shopflo, an e-commerce enablement startup has raised $2.6 million in its seed funding round from Tiger Global and TQ Ventures.

Although Tiger Global is a multi Stage fund with this investment in Shopflo, it is entering to back seed-stage companies.

HR-tech Hono raises $5 Mn in funding round

Hono, a human resource technology startup has raised $5 million in funding round from test preparation firm Aakash+Byju’s managing director, Aakash Chaudhry.

The company said that Hono is looking to leverage the new funds to expand operations in India, the Middle East and Southeast Asia, increase market presence and strengthen its product offerings.

EV startup MoEVing raises an additional $5 mn funding

MoEVing, a full-stack electric mobility platform has raised an additional $5 million as part of its seed funding roundin a mix of equity and debt capital from UAE-based venture capital firmBeyondTeq,  GCC family offices, TradeCred, N+1 Capital, Strides One and NitishMittersain, founder and managing director of Nazara Technologies, among others.

The startup plans to use the funds to grow its technology platform and expand its network to 30 cities across the country.

Fintech startup Assetplus raises $3.6 mn in funding

AssetPlus, a fintech platform has raised $3.6 million in a funding round from Bhupinder Singh (Founder and group CEO of InCred) and Nithin Kamath (Co-Founder and CEO of Zerodha).

The startup plans to use the funds to expand its business and include more financial products on the platform.

HOP Electric Mobility raises $2.6 mn in pre-Series fundraising

HOP Electric Mobility, an electric vehicle maker startup has $2.6 million in its Pre-series funding round to drive its business expansion plans.

The company said that it has achieved the milestone of reaching 105 retail touchpoints in 2021 with over 6,200 on-road scooters, and with this fundraising, it is targeting a 10X growth this fiscal year.

Vivriti Capital raises $30 Mn in funding from TVS Capital

Vivriti Capital, a mid-market lender has raised an additional $30 million in its Series C funding round from TVS Shriram Growth Fund 3, a homegrown private equity fund managed by TVS Capital.

The funds raised will be allocated between Vivritti Capital and its subsidiary Vivritti Asset Management, which manages closed-ended debt funds investing in medium-sized corporates.

Fanztar raises 5 Cr in funding led by India Quotient and ShareChat founders

Fanztar, a web3 platform for the creator economy, today announced that it has raised 5 Cr in Seed funding led by India Quotient, a seed-to-early-stage venture capital firm having invested in over 100 startups.

Fanztar plans to utilize the funds towards robust product development to cater to the evolving market demands. Additionally, the Web3 platform will also expand their technology and business teams and empower breakthrough creators across the nation. Fanztar will also allocate the funds towards product innovation and launching the industry-led product in the market to drive the future of creator monetisation.

Fintech Startup BharatX raises $4.5 mn From Y Combinator, others

Fintech startup BharatX has raised $4.5 million in its seed funding round from Y Combinator, 8i Ventures, Multiply Ventures and Soma Capital.

The fintech platform plans to use the new funds to build and expand its team, work on its product, and expand its footprint.

ApnaKlub raises $10 mn in series A funding from Tiger Global

FMCG wholesale platform ApnaKlub has raised $10 million in its Series A funding round from Tiger Global.

The startup plans to use the funds to deepen infrastructure in key states, expand the platform to 5,000 to 20,000 partners, and build credit products.

IoT firm Bytebeam raises $3 mn in Seed Round

Bytebeam, which focuses on simplifying IoT product management, had raised  $3 million in seed funding round from Together Fund, Accel and STRIVE VC.

The startup plans to use the funds towards building technical expertise in the team, developing the platform offering and setting up a business with reach across verticals such as electric mobility, agritech, drone tech, smart appliances, etc.

Parallel Dots raises $4.5 mn in series A round

AI based startup Parallel Dots has raised $4.5 million in its series A funding round from Btomorrow Ventures.

The startup plans to use the funds to accelerate its product development roadmap and drive global expansion.

Agritech startup Fyllo raises $2 mn from Triveni Trust, Ninjacart, IAN, others

Fyllo, the Bengaluru-based agritech startup has raised $2 million in funding round from IAN, Triveni Trusts, Ninjacart and with participation from new investors like Venture Catalysts, StarAgri, Kia Ora Ventures, Singualrity Ventures, Mastermind Capital.

The agritech startup plans to use the funds for research and development to support more crops for their expansion into new markets.

Edtech company Ednovate raises series A Funding

Edtech startup Ednovate has raised an undisclosed amount in its Series A funding round from Dr. Vinay Jain from Witty Group of Institutions. The startup plans to use the funds to expand business in India and across the globe and is also looking for a pan-India presence in the next three to four years.



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