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[Funding News] Kaleidofin Secures $13.8 Mn Funding from Rabo Partnerships

By Team VS
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Rabo Partnerships B.V. has led a new round of funding for fintech startup Kaleidofin, which has raised $13.8 million. The round has also been supported by the Michael & Susan Dell Foundation, Oikocredit, Omidyar Network India, and Flourish.

Select partnerships will be implemented to expand credit scoring, middleware, and risk services and to expand its lending portfolio with the assistance of the new proceeds.

This brings the total amount of funds that kaleidofin has raised since its inception to $37 million.

The Chennai-based startup raised $15 million in its Series B round in May 2022, which was headed by the Michael and Susan Dell Foundation and other investors. The funding was distributed in two tranches.

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Kaleidofin provides a variety of products, including KaleidoGoals, a savings solution that is based on goals; KiScore, an automated credit health checking platform for informal sectors that is supervised by machine learning; KaleidoCredit, a credit as a platform service that is designed for lending and debt capital markets; and KaleidoPay, a collection of inclusive payment solutions.

About Kaleidofin

Founded in 2017 by Puneet Gupta and Sucharita Mukherjee, kaleidofin is a fintech platform that propels under-banked customers towards meeting their real-life goals by providing intuitive and tailored financial solutions.

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Top Funding Wrap of the Week – 18 Nov – 22 Nov 2024

Indian startups raised capital to expand and become more successful. Here is this week’s Top Indian Startups Funding Roundup – 18 November – 22 November 2024

By Ayushi Jain
New Update
Top Funding Wrap of the Week – 18 Nov – 22 Nov 2024

Indian startups raised capital to expand and become more successful. Here is this week’s Top Indian Startups Funding Roundup – 18 November – 22 November 2024.

The Top Indian Startups Funding Roundup of This Week

Bain Capital

Bain Capital announced it completed fundraising for its latest Global Special Situations Fund, bringing the total amount raised for its second vintage of funds to $9 billion. 

Zepto

Zepto, the quick commerce leader, has raised $350 million from domestic investors at a $5 billion valuation.

HealthKart

HealthKart is an omnichannel nutrition platform has raised $153 million with ChrysCapital and Motilal Oswal Alternates leading the charge. Neo Group and current investor A91 Partners also took part in the fresh round.

VoloFin

VoloFin a supply chain finance firm located in Singapore has raised $50 million in a new fundraising round from a top-five global bank in the US that wants to be anonymous because of a non-disclosure agreement.

Zopper 

Zopper is an insurtech firm based in Delhi NCR, has raised $25 million (about INR 211.2 crore) in a Series D funding round headed by Elevation Capital and Dharana Capital, with Blume Ventures, an existing investor, also participating. 

OneCell Diagnostics

Cancer diagnostics startup OneCell Diagnostics has raised $16 million in Series A funding, led by Celesta Capital, with participation from Tenacity Ventures, Cedars Sinai, Eragon, and Singularity Ventures.

KGeN

Kratos Gamer Network (KGeN), a decentralized gaming platform, has raised $10 million in funding led by Aptos Labs. Polygon and Game7 also participated in the round, increasing KGeN’s valuation to $500 million, up from $150 million in February 2023.

Locad 

Locad is an e-commerce logistics business, has secured $9 million (about INR 76 crore) in a pre-series B investment round headed by Reefknot Investments and Global Ventures.

Billion Hearts

Former Koo Co-founder Mayank Bidawatka’s new venture, Billion Hearts Software Technologies Pvt Ltd, has raised $4 million in seed funding. The round was led by Blume Ventures with participation from General Catalyst and Athera Venture Partners.

CredFlow

A pre-Series B funding round headed by two of CredFlow's current investors, Inflexor Ventures and a Singaporean family office, has collected $3.7 million (about Rs 31.2 crore) for the fintech business.

FAQ

Name the Top Indian Startup Funding Roundup in This Week (18 November - 22 November, 2024 )
Bain Capital , Zepto , HealthKart , VoloFin , Zopper , OneCell Diagnostics , KGeN , Locad , Billion Hearts , CredFlow , are The Top Indian Startup Funding Roundup in This Week (18 November - 22 November, 2024 )

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Startup Stories: Discover inspiring tales of startups overcoming challenges and achieving success.

Funding News: Stay updated with the latest news and trends in startup funding and investment.

Startup News: Spotlight on Startup News, One Startup at a Time.