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[Weekly Deals Roundup] CoinDCX, Rario, Indiabulls Real Estate & others raise funds

[Weekly Deals Roundup] CoinDCX, Rario, Indiabulls Real Estate & others raise funds
Weekly Deals Roundup

Crypto trading exchange CoinDCX, Cricket NFT platform Rario, Indiabulls Real Estate, and other startups & venture capital raised funding in this week.

Crypto exchange CoinDCX raises $135 million

Crypto trading exchange CoinDCX has raised $135.9 million (about Rs 1,000 crore) from investors led by Pantera Capital and Steadview Capital, doubling its valuation to $2.15 billion.

CoinDCX is India’s safest crypto exchange, with a dedicated focus on making crypto accessible. Established in 2018 by Neeraj Khandelwal and Sumit Gupta, CoinDCX has solved numerous problems faced by the Indian crypto community with investing and trading solutions for crypto-based financial products for retail, HNI, and enterprise customers.

Cricket NFT platform Rario raises $120 mn Series A funding

Singapore-based Rario, Cricket non-fungible tokens (NFTs) platform has raised $120 million in funding round from Dream Capital, the corporate venture capital and M&A arm of Dream Sports.

The company said it would use the funds to secure additional rights and build the products.

Indiabulls Real Estate raises $114 mn via QIP issue

Indiabulls Real Estate has raised $114 million through Qualified Institutional Placement (QIP). The QIP was completed at Rs 101.10 per equity and trading of these shares will commence from April 18 on both BSE and NSE.

Founded in 2006 by Sameer Gehlaut, Indiabulls is a diversified financial services conglomerate with interests in Housing Finance, Consumer Finance, and Personal Wealth.

SaaS platform Expertia AI raises $1.2 mn in seed funding

Expertia AI, a deeptech virtual recruitment platform has raised $1.2 million in its seed funding round from marquee investors Chiratae Ventures and Endiya Partners.

The company will use this fund to assemble a team of Artificial Intelligence (AI) researchers and software engineers and create brand, and product awareness in the Indian market.

EV startup Euler Motors raises $5 mn From Moglix

Electric vehicles startup Euler Motors has raised $5 Mn as a part of the Series B funding round from Moglix. The startup plans to close the current Series B funding round for approximately $60 million.

New Delhi-based Euler Motors was founded in 2018 by Saurav Kumar, It manufactures a commercial three-wheeler electric vehicle.

It is reported that over 250 three-wheelers have been deployed in Big Basket, Ecom Express, and Udaan.

Restaurant management startup UrbanPiper raises $24 mn in series B round

UrbanPiper, a restaurant management platform has raised $24 million in a funding round from existing investors Sequoia Capital India, Tiger Global, and food aggregator majors, Swiggy and Zomato.

The startup plans to use the funds to expand its product and engineering teams, strengthen its platform capabilities, as well as expand its offerings to enable more services at restaurants.

IndiaMART invest in Truckhall Private Limited

B2B marketplace IndiaMART, via its wholly-owned subsidiary Tradezeal Online Private Limited, has made an investment of around Rs 7.5 crores to purchase compulsorily convertible debentures (CCDs) of Truckhall Private Limited (‘SuperProcure’).

Kolkata-based Superprocurewas founded in 2017 by Anup Agarwal, Ankit Dudhwewala, Manisha Sharaf, and Varun Biyani, it is a SaaS platform that digitizes the entire freight sourcing and dispatch monitoring system of an organization’s logistics department.

Headfone raises $10 mn in Series B funding led by Elevation Capital

Audio OTT platform Headfone has raised $10 million in Series B funding led by Elevation Capital.

The startup said that new funds will be used to diversify content offerings across languages and to expand across genres.

Flippy raises $1.15 mn in Seed round by Redstart Labs

Flippy, a social crypto platform has raised $1.15 million in its Seed round led by Redstart Labs, a wholly-owned subsidiary of InfoEdge, .

The company said that funds will be used to focus on building a team of junior and senior-level engineering talent to scale flippy’s operations.

Tirex Transmission raises $2 mn in funding

Tirex Transmission Private Limited, a leading EV charger manufacturer company has raised $2 million in a funding round from an ultra HNI investor.

The company plans to use the funds for the company’s growth and R&D efforts for international markets, where the United States is the first country of focus.

Recur Club raises $30 mn in Seed funding round

Singapore-based Recur Technologies PTE, a financing platform has raised $30 million in Seed funding round from InfoEdge Ventures, the investment arm of Info Edge (India) and Bill Gates and Jeff Bezos-backed Village Global.

The startup plans to use the funds to increase hiring in key verticals and expand in India and other geographies like Asia Pacific (APAC) region, invest in technology and grow the enterprise. They will use the capital to strengthen their artificial intelligence (AI) and machine learning-powered underwriting software to better measure potential customers.

SaveIN raises $4 mn seed funding

SaveIN, a Buy now Pay Later (BNPL) platform for healthcare has raised $4 million in its seed funding round from leading investors like Y-Combinator, 10X Group, Leonis VC, Goodwater Capital, Soma Capital, Nordstar, Rebel Fund, Pioneer Fund, and SCM Advisors.

The startup plans to use the funds to develop a nationwide network of healthcare practices to accelerate product development, and strengthen in-house teams in engineering, product, data science, and sales.

Pescafresh raises $2 mn in funding from Elara India

Ace Seafoods Bazaar Pvt Ltd, which operates direct-to-consumer (D2C) seafood and meat brand Pescafresh, has raised $2 million in Pre series A1 funding round from UK-based Elara India Opportunities Fund.

The startup plans to utilize the funds in geographic expansion and technological interventions that will improve the overall customer experience, establish strategic partnerships and expand the reach of the brand.

Agritech startup Eeki Foods raises $6.5 mn in funding

Kota-based Agritech startup Eeki Foods has raised $6.5 million in a Series A funding round from General Catalyst with participation form Avaana Capital and Better Capital.

The startup plans to use the new funds to scale up to hundreds of acres and focus on building team, technology and organizational scale in the coming year.

Influencer-focused platform Rigi.Club raises $10 mn in Series A funding

Azalp Technologies Pvt Ltd, which runs creators, influencers and celebrities focused platform Rigi.Club, has raised$10 million in its Series A funding round from Accel India, Sequoia Capital India and Stellaris Venture Partners. 

The startup plans to use the funds for strengthening, hiring and expansion of its technology.

VideoVerse raises $46.8 mn in Series B funding

Video-editing SaaS startup VideoVerse has raised $46.8 million in its Series B funding round from A91 Partners, Alpha Wave Global, and Binny Bansal, former co-founder of Flipkart.

The startup plans to use the funds to strengthen its teams, enhance its technology, build new products and expand its global market share in India and internationally.

Trade finance platform Vayana Network raises Rs 114 cr in Series C round

Trade finance platform Vayana Network has raised $15 million as part of its Series C funding round from International Finance Corporation (IFC) and PayU.

The company plans to use the funds to double its offerings for Micro, Small and Medium Enterprises (MSMEs).

Everstage raises $13 mn in series A round

Sales commissions management platform Everstage has raised of $13 million in Series A funding round from Elevation Capital and existing investor 3one4 Capital.

The startup plans to use the funds to expand its sales, engineering and solutions teams to serve customers around the world and its 50-member team is expected to triple by the end of the year.

Financepeer raises $31 mn in Series B funding

Google-incubated education fintech startup Financepeer has raised $31 million in Series B funding round from US VC QED Investors and Aavishkaar Capital.

The startup plans to use the funds to grow its technology platform and offerings, expand and strengthen its education-institute partnership and deepen its reach in rural areas to provide quality access to more students, especially girl students.

Celcius raises $4.5 mn in pre-Series A round

Celcius, a SaaS-based cold chain aggregator platform has raised $4.5 million in its Pre-series A funding round from a clutch of investors, including Mumbai Angels and Endurance Capital.

The startup plans to use the funds to expand to over 500 cities this year. It will also allocate some funds to develop its technology, sales and operations team, and work on development programs to assist small-scale and regional transporters across the country.

D2C brand Nat Habit raises $4 mn in series A round

Direct-to-consumer (D2C) personal care startup, Nat Habit has raised $4 million in series A funding round from Fireside Ventures along with participation from existing investors.

The startup plans to use the funds to grow its channel presence and enter the offline space and expand its product categories and add more products to its kitty. It also plans to grow its business and invest more in technology and marketing.

Personal care brand Believe raises $55 mn in funding

Beauty and personal care products company, Believe Pte Ltd has raised $55 million in its Series C funding round from Venturi Partners and IIFL AMC.

The startup plans to use the funds to strengthen its market share in Bangladesh and India through strategic acquisitions. The startup said it will also deepen its reach in the Gulf Cooperation Council (GCC) and Southeast Asia through both organic and inorganic development.

Edtech platform Newton School raises $25 mn funding

Edtech startup Newton School has raised $25 million in a Series-B funding round from investment firm Steadview Capital.

The startup plans to use the funds to accelerate the company’s growth and expand its team, technology, and brand-building initiatives.

Parenting platform Mylo raises $17 mn in Series B round

Gurugram based Mylo, a full stack platform for both expecting and new parents, has raised $17 million in its Series B funding round from W Health Ventures, a Boston-based digital health investor, ITC, and Endiya Partners.

The Gurugram-based Mylo was founded in 2018 by Vinit Garg, It is an online health tool and community platform for new and expectant mothers.

DCGpac raises Rs 11.45 crore in pre-Series A round

DCGpac, a B2B packaging e-commerce platform, has raised Rs 11.45 crore in its pre-Series A funding round from Venture Catalysts, 9Unicorns with participation from Inflection Point Ventures.

The startup plans to utilize the funds for building the technology frontier, marketing for growth, implementing other growth initiatives and managing the working capital requirements of the firm.

Telecom startup Wiom raises Rs 30 crores in funding

Wiom, a telecom and technology startup, has raised Rs 30 crores in its seed funding round from YourNest, 9Unicorns and a global tech giant.

The startup plans to use the funds to expand its product offering and grow the business.

Agritech startup GreenSat Innovation Labs raises funding from Mumbai Angels, others

Mumbai-based Agritech firm, GreenSat Innovation Labs has raised undisclosed amount in funding round from Mumbai Angels.

The startup plans to use the funds to scale operations to new geographies, enhance technical infrastructure, build high-performing teams across tasks, and focus on other business development activities.

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