[Weekly Deals Roundup] GEF Capital, Builder.ai, HealthQuad & others raise funds

Private equity firm GEF Capital, AI startup Builder.ai, Healthcare venture capital HealthQuad, and other startups & venture capital raised funding in this week.

GEF Capital raises $200 mn in funding

Private equity firm GEF Capital Partners has raised nearly $200 million from British CDC Group, IFC, and Dutch investment firm FMO, among others, to close its South Asia Growth fund II.

It is a growth equity fund targeting climate-themed businesses in South Asia with a focus on India.

Builder.ai raises $100 mn in Series C round from Insight Partners, others

Builder.ai, the AI startup has raised $100 million in a Series C funding round from Insight Partners.

The company will use the funds to enhance its AI and automation capabilities, develop its proprietary low-code/no-code platform, and for large-scale product development.

Healthcare venture capital HealthQuad raises $162 mn

Quadria Capital-backed HealthQuad, an India-focused healthcare venture capital firm, has raised $162 million in the final close of its second funding round.

This company typically invests in disruptive health models, using technology to achieve reach, scale, and impact.

Vivriti Capital raises $55 mn in Series C round

Non-bank lender Vivriti Capital Pvt. Ltd has raised $55 mn in Series C funding round from existing investors Lightrock India and Chicago-based Creation Investments.

The firm will use the funds to expand its business and technology footprints, hire new talents as well as step-up product supply and portfolio management.

LetsVenture-backed Edtech platform Saarthi Pedagogy raises Rs 16 crore

Edtech startup Saarthi Pedagogy has raised Rs 16 crore in pre-series A funding round from Pinnacle Investments.

The startup plans to use the funds to boost products, ramp up teams across technology and content creation, as well as to expand its sales footprint.

Healthtech Startup Phable raises $24.5 mn From Aflac Ventures

Healthtech startup Phable has raised around $24.5 million in a new round of funding from Georgia-based Aflac Ventures.

Bangalore based health tech startup was founded in 2018 by Mukesh Bansal and Sumit Sinha, aims to make healthcare personalised, predictive and preventative for millions of Indians suffering from chronic ailments.

Food Company FairPlum raises $2 mn

Authentic food provider brand Fairplum has raised $2 million in a seed funding round from Unicorn India Ventures.

The company plans to use the funds to create brand awareness and hire talent and for product development. Founded in 2020 by former Unilever executives Rupesh Agarwal, Mayank Tandon, and Mitesh Thakkar, FairPlum’s vision is to deliver authentic taste and nostalgia of food at the doorstep of the customers in less than an hour.

Spacetech platform Pixxel raises $25mn in Series A round

Spacetech platform Pixxel has raised $25 million in Series A funding round from Radical Ventures.

The startup plans to use the funds to accelerate the production of the world’s highest resolution hyperspectral satellite cluster and provide industry AI-powered insights exploring, solving and predicting climate issues at a fraction of the traditional satellite cost.

mCaffeine parent Pep Technologies raises Rs 240 crore

Pep Technologies Pvt Ltd, which owns caffeine-based skin and hair care brand mCaffeine has raised Rs 240 crore, from Paragon Partners.

The company plans to use the funds to grow its offline presence to 25,000 outlets from its existing 5,000, expand its sales team, and acquire at least two beauty brands.

Pine Labs raises $50 mn funding

Digital payments and financial service provider Pine Labs has raised $50 million in funding fromVitruvian Partners.

Noida-based startup was founded in 1998 by Lokvir Kapoor, Rajul Garg and Tarun Upadhyay, Pine Labs provides a merchant platform that includes technology and financial solutions to help merchants increase their revenue, reduce the cost and complexity of running a business, and manage the risks involved.

Edtech startup Classplus raises $70mn from Tiger Global & Alpha Wave Global

Classplus, a B2B edtech startup has raised $70 million in a Series D round from Alpha Wave Global and Tiger Global Management.

Noida-based B2B edtech startup was founded in 2018 by Mukul Rustagi and Bhaswat Agarwal, It is a mobile-first SaaS platform that allows teachers and content creators to build their online presence, digitize their offline learning centers and sell their courses online.

Anti-Money Laundering startup IntelleWings raises $650K in funding

IntelleWings Private Limited, an AI-powered and SaaS-enabled AML/CFT (Combating the Financing of Terrorism) Compliance company has raised $650K in pre-Series A round from Dallas Venture Capital.

In order to reduce corruption and terrorist funding, IntelleWings has developed its proprietary AML/CFT global database for customer scrutiny, the company said in a statement.

Healthtech Startup GOQii raises $10 mn in extended Series C round

Healthtech firm GOQii has raised $10 million in an extended Series C equity round from Animoca Brands to launch its health metaverse.

The company also plans to develop a variety of offerings in collaboration with Animoca Brands and its ecosystem of companies and projects that leverage blockchain tokenization and gamification in preventive healthcare.

100X.VC-backed Paperplane raises Rs 3 crores

Paperplane, an AI-first Digital Clinic has raised INR 3 crores in funding round from Cornerstone Venture Partners Fund.

The startup plans to use the funds to enhance its sales capabilities and for product development.

Clean-tech startup EdgeGrid raises $6 mn from Lightrock

EdgeGrid, a B2B enterprise clean-tech platform has raised $6 million in a funding round from Lightrock India, with participation from Theia Ventures and other angel investors.

The startup plans to use the funds to improve its technology, strengthen its team, and expand the company.

Upskilling startup Seekho raises $3 million in funding

AI-based upskilling and career development startup Seekho has raised $3 million in a pre-series A funding led by Sequoia Capital India Surge.

Founded in 2021 by Ajeet Singh Kushwaha, Divya Jain & Arihant Jain, Seekho is India’s first micro-learning-based platform to learn, mentor, and hire. Seekho enables to up-skill through 1-minute learning videos, quizzes, competitive learning streaks, and much more.

Upskilling platform HackerRank raises $60mn in funding

Developer skills startup HackerRank has raised $60 million in Series D funding round from Susquehanna Growth Equity.

The startup plans to use the funds for continued growth and accelerate HackerRank’s ability to drive technical hiring for the most in-demand roles and skills at companies across the globe.

SaaS platform OSlash raises $5 mn from over 40 global operators

Accel Partners-backed OSlash, a SaaS startup working to facilitate cross-sharing of information in a workplace, has raised $5 Mn in a post-seed funding round from more than 40 operators.

The startup plans to use the funds to set up hiring in USA and Europe and grow its universal search tool that pulls together information from disparate applications.

SuperK raises $5.5mn led by Binny Bansal-backed 021 Capital

Tech-enabled grocery retail chain, SuperK raised $5.5 million in a pre-Series A funding round from Binny Bansal-backed 021 Capital.

The startup plans to use the funds to invest in expansion, build a strong team and brand, and enhance technology and supply chain infrastructure.

EV-Tech firm Pi Beam Electric raises $1.7 mn in pre-Series A funding

EV mobility solutions company, Pi Beam Electric has raised $1.7mn in a pre-Series A round from Inflection Point Ventures.

The startup plans to use the funds to develop a deployment platform, expand the team, scale operations across multiple cities, and develop new products.

Global Banking Infra Platform CARD91 raises $13 mn

Global payment issuance infrastructure startup CARD91 has raised $13 million in a Pre-Series A funding round from Infinity Ventures, Point72 Ventures, and Sabre Partners.

The Bengaluru-headquartered startup was founded in Aug 2020 by Serial entrepreneurs Vineet Saxena, Ajay Pandey, and Kush Srivastava, CARD91 builds a plug-and-play payment issuance infrastructure to help businesses and banks launch co-branded cards and simplify business payments.

Foodtech SaaS startup FarMart raises $32 mn in Series B round

SaaS-led foodtech supply platform FarMart has raised $32 million in its Series B round from General Catalyst, with participation from existing investors, Matrix Partners India, and Omidyar Network India.

The startup plans to use the funds to boost its digital distribution network across India and export markets, making significant investments in R&D, automation, and technology.

Games24x7 raises $75 mn from Malabar Investment

Multi-game platform Games24x7 has raised $75 million in a funding round from Malabar Investment.

Headquartered in Mumbai Games24x7 was founded in 2006 by Trivikraman Thampy, an engineering alumnus of IIT Bombay and Bhavin Pandya, It is a gaming startup that includes popular brands like RummyCircle – an online card game, My11Circle – a sports fantasy game and U Games which is the center of casual games.

Creator marketing startup UPCRED raises Rs 3.3 cr in pre-seed funding

Creator marketing startup UPCRED has raised Rs. 3.3 crore in a pre-seed round from angel investors, including entrepreneur Syed Firdous Hussain and Gayatri Nikkam.

The startup said that funds will be used to develop products and prepare the platform for market launch.

Finova Capital raises $65 mn in funding led by Norwest, others

Non-banking financial company Finova Capital has raised $65 mn in funding round from Norwest Venture Partners, Maj Invest, and FaeringCapital.

The firm plans to use the funds to grow its loan book, invest in technology, expand geographically and further its vision of enabling large-scale financial inclusion.

Digital Freight Startup Wiz Freight raises Rs 275 cr in funding

Digital freight management platform Wiz Freight has raise Rs 275 crore in a funding round from Tiger Global with participation from Axilor, Foundamental, Arali Ventures, Stride Ventures, and AlteriaCapital.

The company plans to use the funds to expand to 15 countries in Southeast Asia, West Asia, and Africa. The company also plans to double the headcount and set up two research centers in AI, blockchain, and connected devices in Singapore and Bengaluru.

Fintech platform BridgeUp raises $1 mn in Seed funding

BridgeUp, a recurring revenue trading platform has raised $1 million in Seed funding from marquee investors and industry stalwarts.

Mumbai-based Bridgeup was founded in 2020 by Zeus Dhanbhura, It provides upfront capital by allowing recurring revenue companies like SaaS to quickly trade-off their monthly or quarterly revenue streams for their annual value.

Edtech platform Conker World raises $300k funding

Conker World, an E-learning skill platform has raised $300k in pre-Seed funding round from Founders, CXOs, and Digital Content Creators.

The startup plans to use the funds to strengthen its team in product development, content creation, launch new courses and provide exceptional services for its students.

Fintech platform OneCode raises $13mn in Series A round

B2C fintech and financial services company Onecode has raised $13 million in its Series A funding round from venture capital firm, General Catalyst.

OneCode plans to use these funds to hire talent across various functions and accelerate product and technology development. The company will also expand its presence in an additional 100 cities and invest in expanding its agent network.

Crypto platform Kassio raises $1.6 mn in seed funding

Kassio, a crypto platform has raised$1.6 million in pre-Seed funding round from Aalto Capital.

The company plans to use the funds to launch its operations in the Indian and European markets, further strengthen its product development process, and add more talent to senior management across its legal, compliance, institutional relationships, and design functions.

HireHunch raises $500K from Waveform Ventures

HireHunch, a B2B platform that offers interview-as-a-service, has raised $500k in seed funding round from Waveform Ventures.

It has also got the support of many angels in investment such as Deepak Singh Ahlawat, Kshitij Jain, Ram Kuppuswamy, Alok Mittal, Saurabh Bansal, RamneekKhurana, Gunjan Srivastava, Ajay Gopalkrishnan and more.

The startup plans to use the funds for innovation-led expansion and also concentrate on extending its reach across borders.

Belstar Microfinance raises Rs 275 cr led by Affirma Capital

Chennai-based Belstar Microfinance Limited (BML), a subsidiary of Muthoot Finance Ltd. Has raised equity capital of Rs 275 crore from Affirma Capital and others.

Belstar Microfinance Institute working since 2008 to curb poverty and provide financial empowerment.