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HomeInsightFunding Alert Isprava, Rapido, Arkam Ventures & others raise funds

[Weekly Deals Roundup] Isprava, Rapido, Arkam Ventures & others raise funds

[Weekly Deals Roundup] Isprava, Rapido, Arkam Ventures & others raise funds
Weekly Deals Roundup

Isprava Group, which operates Isprava and Lohono Stays, Bike taxi startup Rapido, Early-stage venture capital Arkam Ventures, and other startups & venture capital raised funding in this week.

Bike taxi startup Rapido raises $177.5 mn led by Swiggy

Bengaluru-based Bike taxi platform Rapido has raised around $175 million in a new funding round from Swiggy, India’s top food delivery startup.

The company plans to use the new capital to further expand its bike taxi service offering to include auto-rickshaws in multiple cities.

Isprava raises $130 mn led by Nadir Godrej

Isprava Group, which operates Isprava and Lohono Stays, has raised $130 million in a funding round from marquee family offices including Nadir Godrej, and Burman, among others.

The startup also said in the press statement that with this round, both Isprava and Lohano Stage will see tremendous growth in their business segments.

Arkam Ventures raises its maiden fund at $106 mn

Floated by co-founder at Helion Ventures, Rahul Chandra, and former partner at Kalaari Capital, BalaSrinivasa, Arkam Ventures, an early stage venture capital firm has close its maiden investment fund at $106 million.

The fresh fund is backed by institutional investors including British International Investment Plc, Nippon India Digital Innovation, Evolvence Group, Capria, and SIDBI. Individual backers like Sanjeev Bikhchandani (founder of Infoedge), Binny Bansal (co-founder of Flipkart), Vijay Shekhar Sharma (founder of Paytm), and Rajesh Magow (co-founder of MakeMyTrip).

Healthcare platform Medfin raises $15 mn in Series B round

Healthcare services platform, Medfin has raised $15 million in a Series B funding round led by Arka Nxt, HealthXCapital (Singapore), Blume Ventures, Axilor Ventures, Sony, and Kotak Investments.

The startup plans to use the funds to expand to over 25 cities across the country. It also plans to invest in R&D, technology, process, and people, enabling it to offer patients a one-stop comprehensive service platform for 250+ types of daycare surgeries.

MyShubhLife raises Rs 100 Cr in Series B round

Datasigns Technologies Pvt Ltd, which runs the financial services platform MyShubhLife has raised Rs 100 crore in a Series B funding round from Gojo & Company, Inc.

The startup plans to grow its talent pool with more corporate and larger platform partnerships to expand its footprint, invest in technology, and offer a seamless, financially inclusive program for the next half a billion.

Healthtech platform PhableCare raises $25 mn in Series B round

Phablecare, a chronic disease management startup has raised Rs 187 crore ($25 million) in Series B funding round from Kalaari Capital with participation from Aflac Ventures, Digital Horizon, and Stride Ventures.

The startup plans to use the funds to strengthen the full-stack and value-driven chronic care ecosystem, expand the market, accelerate customer acquisition and build new revenue streams.

B2B medical supply platform Medikabazaar raises $65 mn

Business-to-business (B2B) medical supply platform Medikabazaar has raised $65 million in a brand new funding spherical led by Lighthouse India Fund.

The company said it’ll use the funds to strengthen its technological capabilities, deepen the supply ecosystem and digital-driven distribution channels, bolster digital working capabilities to assist enhance effectivity of the healthcare sector in India and broaden its international operations.

Fintech startup EximPe raises $3.5 million

EximPe, a business-to-business (B2B) fintech platform has raised $3.5 million in a funding round from early-stage venture capital firm Leo Capital.

The fintech startup plans to use the funds to acquire talent and further strengthen its product.

Agritech startup GROWiT raises seed funding

GROWiT, a protective farming agritech company has raised Rs 3 crore in its seed funding round from IVY Growth.

The agritech startup will utilize the funds by investing in its research and marketing processes which will ultimately enable the company to expand its customer base and produce standard quality cost effective protective agricultural materials and products.

Fintech platform iTribe raises $1 mn in pre-Seed funding

iTribe, a fintech startup has raised $1 million in pre-seed funding round from investors like Eximius Ventures, Kunal Shah (Cred), Incisive Ventures, and several angel investors.

The fintech startup plans to use the funds to build new technology tools that make adoption more accessible by the front line while accelerating the organizational adaptation needed to generate results. They aim to help users by increasing their knowledge, finding news and tools, and getting second opinions from investment professionals.

AI chatbot platform LimeChat raises $4.2 mn

Wavicle Technologies Pvt Ltd, which owns and operates LimeChat, an AI based chatbot startup has raised $4.2 million in seed funding round from existing investor Stellaris Venture Partners with participation from Pi Ventures, Titan Capital and marquee angel investors.

The startup plans to use the funds to strengthen its product and expand its operations in the market.

Cloud manufacturing platform Frigate raises $175K in pre-Seed round

Frigate, an On-Demand Cloud manufacturing marketplace platform has raised $175K in pre-Seed funding round from strategic investors.

The startup plans to use the funds to further strengthen the company’s technology stack.

Healthtech startup HBox raises $700K in seed funding

HBox.ai, a cloud-based, AI-driven, intuitive platform has raised USD 700K in Seed funding round from Arali Ventures, a Seed stage venture capital firm.

The healthtech startup plans to use the funds to increase its market penetration and build out its product stack.

Deep-tech platform Spyne raises $7 mn funding round led by Accel

Gurugram-based deep-tech software-as-a-service (SaaS) firm, Spyne has raised $7 million in funding round from US venture capital firm Accel.

The startup plans to use the funds to acquire talent, drive global expansion, including the US market, and set up a state-of-the-art computer vision lab for in-depth R&D in space.

Grocery Startup Wildermart raises $320k seed funding

Wildermart, a Bengaluru-based healthy and sustainable grocery store startup, has raised $320,000 seed funding round from angel investors including Sairee Chahal (founder, Sheroes), Anand Rangaswamy (ex-CEO, Latam and UK Godrej Consumer Products Ltd), Sreenivasan Ramki, Gangs T. Gangadhar, Sandeep Komaravelly, Anuroop Krishnan, Chetna Soni, Sunainika Singh, Aditya Krishna, Shivanandan Pare, Rohit Bhojaraj, Raj Narayan, Vikram Dani, Sid N., Abhinav Mathur, Shivram Anantharaman, Ashish Dutt and Kedar Gavane.

The startup said that funds will use to accelerate customer acquisition and retention, build brand salience, and hire the right talent.

Pahal Financial Services raises $10 mn funding

Pahal Financial Services Pvt. Ltd., a microfinance Institution, has raised $10 million in equity and debt funding round.

The equity round from Europe’s impact investing firm, GAWA Capital (through its equity vehicle Huruma Fund), and the debt round from GAWA Capital’s advised debt vehicle (Magallanes Impacto FIL) and Northern Arc Capital.

IT security platform Securden raises $10.5 mn led by Tiger Global

The US and Chennai-based cybersecurity startup Securden has raised $10.5 million in its Series A funding round from Tiger Global.

The startup plans to use the funds to scale up its research and development, sales and marketing operations. It also uses capital to grow its global team, accelerate executive recruitment, and expand its product portfolio.

Performance management startup Mesh raises $11 mn in series A funding

Mesh, a Performance management startup has raised$11 million in its Series A funding round from RTP Global.

The startup plans to use the funds to focus on building a global team for further expansion in the US and APAC markets.

The US and Gurugram-based Mesh was founded in May 2020 by Gaurav Chaubey, Rahul Singh and Saurabh Nangia, this makes it easier for employees to manage goals, receive timely feedback, and actively collaborate with their employer to help them advance their careers.

SaaS startup Zipy raises $2.8 mn in seed funding

Developer tools software-as-a-service (SaaS) startup, Zipy has raised $2.8 million in seed funding round from Blume Ventures and Together Fund.

The startup plans to use the funds to improve the capabilities of its technology platform – making bug resolution more proactive, intelligent and tech stack agnostic. The capital will be used to build a team and focus on growing customers.

Travel SaaS platform ITILITE raises $29 mn in series C round

Business travel SaaS startup and expense management platform, ITILITE has raised $29 million in its Series C funding round from Tiger Global and Dharana Capital.

The startup plans to use the funds for product innovations, brand building, and growing its go-to-market teams.

Leaf Round raises $300K in pre-seed funding

Leaf Round, an alternative investments startup, has raised $300k in a pre-seed funding from micro VC firm Upsparks, Superb Capital and senior business leaders from McKinsey, Bain, Barclays, and Adobe.

The startup said that funds will use to further its product building efforts and create market awareness about the company and its offerings.

Fintech startup Hubble raises $3.4 mn in seed funding

Gullak Technologies Pvt Ltd, which runs fintech startup Hubble has raised $3.4 Mn in its seed funding round from Sequoia Capital India.

The startup plans to use the funds to recruit talent as well as build a robust decentralized savings infrastructure to power its consumer-facing applications and include leading Indian and global brands on its platform.

Crypto startup Ava Labs is said to raise $350 mn

Ava Labs Inc., the lead developer of the Avalanche blockchain, has raised $350 million in funding round at a $5.25 billion valuation.

The New York-based Ava labs was founded in 2018 by Emin Gün Sirer, Kevin Sekniqi, and Ted Yin, It is the next-generation blockchain platform with revolutionary scalability, decentralization, security, and flexibility.

Pratech Brands raises $3 mn led by Sequoia India’s Surge

Health and home-focused house-of-brands, Pratech Brands has raised $3 million from Sequoia India’s `Surge’, to build a health and wellness e-commerce platform for multiple brands.

Mumbai-based Pratech Brands was founded in 2021 by Sachin Parikh, Neehar Modi, and Anvi Shah, It is a tech-first house of brands that focuses on home and health-related products.

Fintech platform PaySprint raises Seed capital funding

PaySprint, fintech platform, has raised seed capital funding from Fino Payment Bank. Fino is acquiring a 12.19 percent stake in PaySprint.

Founded in 2020, at PaySprint they are pioneering strong partnerships with the banking ecosystem and provide a Unified Open API Platform to banks and fintechs.

Web3 platform EPNS raises $10 mn in funding

Web3.0 platform Ethereum Push Notification Service (EPNS) has raised  $10.1 million in its Series A funding round from Jump Crypto at a valuation of $131 million.

The company plans to use the funds to develop notification protocols beyond the Ethereum ecosystem, starting with the Polygon Network, consolidating products, and expanding its team from 30 to 60. It also aims to grow to one million users.

Global investment platform Stockal raises $9 mn in Series A funding

OYO-backed global investment platform, Stockal has raised  $9 million in its Series A funding round from Hashed (a global web3 focused venture fund), and PEAK6 (an investment firm in the US).

The firm operated by Borderless Softtech Pvt Ltd, andplans to use the funds to expand its Southeast Asia footprint.

WholeMark Raises $1 million in Seed Funding

WholeMark has raised $1 million in Seed Funding. The Hyderabad-based startup is an eCommerce Fulfillment company offering Micro Warehousing and under 3-hour Delivery service to the D2C brands.

WholeMark will use the fresh funds to expand into other regions, acquire new D2C clients, invest in technology and hire talent, founder Pranay Ganesh Koneni said.

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