Wednesday, June 7, 2023
HomeInsightFunding Alert Koo app, Volopay, Atlan & others raise funds

[Weekly Deals Roundup] Koo app, Volopay, Atlan & others raise funds

Weekly Deals Roundup Koo app
Weekly Deals Roundup

Microblogging platform Koo app, Volopay, Atlan and other startups raised funding in last week.

Koo app raises $10 mn From Over 20 Investors

Microblogging platform Koo app has raised around $10 million (Rs 79 crore) in two tranches from multiple investors including Caspier Venture Partner, Ashneer Grover and Ravi Modi Family Trust, regulatory filings showed.
Founded by Aprameya Radhakrishna and Mayank Bidawatka, Koo App, the microblogging platform was launched in 2020 and supports multiple languages including Hindi, Telugu and Bengali, among others.

SaaS startup Testsigma raises $4.6 mn in funding led by Accel, Strive

SaaS-based test automation platform Testsigma on Monday said that it has secured a $4.6 million funding led by Accel and Strive, with participation from BoldCap & a host of well-known entrepreneurs and operators including Shanmugam Krishnasamy, Kiran Darisi and others also joined the round.
The company siad that fund will use to strengthen the core engineering and product team and to build alongside and for a global community of testers, test automation engineers, and developers.
Founded by Rukmangada Kandyala, Pratheep Velicherla, Vikram Chaitanya, and Rajesh Reddy in 2019, Testsigma is an open-source test automation platform for end-to-end testing that works out of the box.

Healthtech startup ClaimBuddy raises $3 million in funding

Healthtech startup ClaimBuddy has raised $3 million (Rs 21 crore) in a funding round co-led by Chiratae Ventures and Rebright Partners.
The startup said that funds will use to strengthen technology framework and increase sales and marketing efforts.Founded by IIM Bangalore alumni Khet Singh and Ajit Patel in 2020, ClaimBuddy acts as one-stop solutions for Health Insurance Claim assistance for Patients and Hospitals.

Dexalot raises $7M to build order book DEX on avalanche from Blizzard Fund

Dexalot, a new project building a decentralized order book exchange on Avalanche, has raised $7 mn in funding led by Avalanche’s Blizzard Fund (“Blizzard”) among other Avalanche ecosystem players and DeFi investors.
Dexalot is a revolutionary decentralized exchange aiming at bringing the traditional centralized exchange look and feel through a decentralized on-chain application.

Student loan fintech platform Kuhoo raises $20 million in fresh funding

Student loan fintech platform Kuhoo has raised $20 million from WestBridge Capital in fresh funding.Kuhoo is a student loan fintech NBFC platform that aspires to democratise education for all, especially for households that belong to humble socio-economic backgrounds.
Founded by Prashant A. Bhonsle, Shridhar Hebbar, Yogendra Goyal & Rahul Ojha, Kohuu will work with top universities & academic institutions across the world and enable students to get digital student loans for their education.

Locofast raises $15 mn led by Stellaris, others

Fashion supply chain platform Locofast has raised $15 mn in a series A funding from Chiratae Ventures and Stellaris Venture partners.The company said that fund will use to develop his products and launch small and medium enterprises (SMEs) and thinks on Spending in more than 15 cities domestically and outside the country.
Founded in 2019 by Deepak wadhwa and Mohit Piplani.

Volopay raises $29 mn from Winklevoss twins, others

Volopay, a Y Combinator-backed Singapore-based corporate cards and payable management startup has raised $29 million in Series A, a mix of equity and debt, from the famous Winklevoss twins – Cameron and Tyler along with a global decacorn among others to enter the Indian market.
The company said that funds will use for the upcoming market launches, building new complementary technologies, and hiring new talent, enhancing its integrations with popular ERPs, HRMs, and CRM software along with leading project management applications.Volopay is a Fin-tech startup that aims at making expense reports digital, fast, inclusive, and safe.

Fintech startup Snapmint raises $9 mn in Series A round

Fintech startup Snapmint has raised $9 mn in its Series A round led by Prashasta Seth, CEO & CIO of Prudent Investment Managers.The startup said that funds will use to expand its network of merchants, launch a suite of innovative BNPL products, and power the purchases of over 450 million consumers in India.
Founded in 2017 by IIT Bombay alumni Rahul Agarwal,Nalin Agarwal,Anil Gelra, Abhineet Sawa, Snapmint is a BNPL (Buy Now Pay Later) platform that offers options by democratizing access to credit.

WYLD raises $350k pre-seed funding from Better Capital, others

Social currency card company WYLD raised $350k in a pre-seed round led by Better Capital.The company said that funds will use for tech advancements, developing its payment card and building a robust go-to-market strategy.
Founded in 2021 by Yash Sakhlecha, Dishant Sanghvi, Rij Eappen (COO) and Aashna Sakhlecha (Chief Delight Officer), WYLD is a platform for everyone out there who are present on social media to experience the power of their influence and what their word-of-mouth can get you in return.

Strawcture Eco raises $375k in seed funding

Strawcture Eco a wholesale building materials company has raised $375000 funds in its seed funding round from Social Alpha, Villgro Innovations foundation and Brigade REAP.Founded in 2018 by civil Engineer Shriti Pandey, strawcture Eco is a green Building product company which manufacture Bio materials for makes living spaces more sustainable and accessible for all.

Bebe Burp raises $280k in seed funding

Baby & kids food product company Bebe Burp has gets $280k in a seed funding round from Lead Angels and Lets Venture.Bebe Burp will use the funds in to advance his opportunities and develop new commercial relationships and to grow the company.
Surat based Baby food company was Founded in 2018 by Shruti Tibrewal, Bharat Tibrewal, and Chirag Gupta.

EYWAMEDIA gets undisclosed funding from Globe Teleservices

CX-focused SaaS company EYWAMEDIA raised an undisclosed funding from Globe Teleservices, a telecom solution company focused on international voice, messaging & managed services.
EYWAMEDIA is a multi-award-winning futuristic cross-screen audience engagement and experiences venture that enables brands to understand audience consumption patterns, engage them real-time, create an experience strategy and finally create attribution.

Prozo raises Rs 75 cr led by Sixth Sense Ventures, others

Warehousing & supply chain startup Prozo has raised Rs 76 cr from Sixth Sense Ventures, Jafco Asia, and among others.The company will use the fresh funds to expand into other regions, acquire customers, invest in technology and hire people.
Founded in 2016 by Ashvini Jakhar, Prozo is an ‘e-commerce enabler & accelerator’ for SMEs, D2C brands and Enterprises, offering Supply Chain Technology, Warehousing.

Mindtree founder’s Mela Ventures raises ₹320 crore in its first round

Mela Ventures, today announced the final close of its maiden fund MV Core Tech Fund – I. The SEBI-approved Category-2 AIF fund for early-stage companies was closed at INR 320 Crores.
Mela Ventures was founded by Industry veterans, Krishnakumar Natarajan and Parthasarathy NS who have co-founded Mindtree and taken it from a startup to a multi-billion-dollar market cap enterprise.

Atlan raises around $50 million so far in Series B funding from Salesforce Ventures, Sequoia Capital India & others

Data collaboration software provider Atlan has raised around $50 million so far in its Series B round from Salesforce Ventures and Sequoia Capital India & among others .
Founded in 2018 by Prukalpa Sankar and Varun Banka, Atlan is a modern data collaboration workspace (like Github for engineering or Figma for design). By acting as a virtual hub for data assets ranging from tables and dashboards to models & code.

Proptech startup Zapkey raises $2 mn seed funding from Gruhas Proptech, others

Proptech startup and home sales guarantee startup Zapkey has raised $2 million in a funding round led by Nikhil Kamath and Abhijeet Pai-backed Gruhas Proptech.Founded in 2020, by Shubhankar Dongre, Sandeep Reddy and Raja Seetharaman, Zapkey is a platform that aggregates and standardize publicly available property registration data primarliy for residential properties.

D2C food startup Eat Better Ventures raises ₹5.5 cr seed funding

Healthy snacking startup Eat Better Ventures has raised Rs 5.5 Crore funding from Mumbai Angels and Java Capital.Eat Better Ventures will use the funds to support the company’s growth and increase its production capacity.
Eat better is a Jaipur-based brand founded in 2020 by Mridula Kanoria and Shaurya Kanoria.

D2C brand Acefour Accessories raises $1.5 mn in seed funding

Mumbai-based D2C travel accessories company Acefour Accessories, established by industry pioneer Sudip Ghose, has raised $1.5 million in a seed funding round led by Enam Holdings through funds sponsored by renowned investor Akash Bhansali.
The Company is in the process of creating marketing assets, product innovation labs and communication collaterals.

Fintech lending startup Pocketly raises $3mn in Pre-Series A round

Fintech startup Pocketly has raised $3 million funds in its Pre series A round led by Dholakia Ventures.Pocketly was founded in 2019 by Navdeesh Ahuja & Aarav Bhatia, with a vision to make students financially independent so that they can completely focus on their education.

Macmerise Celfie Design raises $1 million in funding

Mumbai based Macmerise Celfie Design has raised $1 million in Pre series A round from Inflection Point Ventures.
The funds will be used in improving his tech infrastructure, Including more brands and celebrities for company’s marketing and reaching a wider audience and developing new products.Macmerise Celfie Design Pvt Ltd was founded in Oct 2016 by sahil shah.
Cross-border B2B marketplace Ensologic raises $520k in seed funding led by IAN invests

E-commerce platform Ensologic has raised $520000 funding from Indian Angel Network (IAN) and Hyderabad Angels

The Delhi-based startup, founded in 2019 by Anil Agrawal, Kunal Jain, Shikha Agrawal, Ensologic is an online marketplace that simplifies sales and distribution of consumer products in India for overseas Brands, Manufacturers or Aggregators.

Pet care firm Just Dogs raises $7M from Sixth Sense Ventures

Pet retail store brand Just Dogs has raised $7 million from Sixth Sense Ventures. The company said fund will use to providing pet parents with good pet supplies and connecting with your brand more.
Founded in 2011 by the husband-wife team of Ashish and Poorvi Anthony, Just Dogs is an all-channel retailer for pet products and services.

Edtech startup Filo raises $23 mn in funding from Anthos Capital, others

Instant live Edtech startup Filo said on Thursday that it has raised $ 23 mn in a funding round led by Anthos Capital.
The edtech startup said fresh capital will use for product development, expanding the team, tapping new categories, and scaling its tutor base across the country.
Founded by serial entrepreneurs Imbesat Ahmad, Shadman Anwer, and Rohit Kumar, Filo is the growing on-demand tutoring platform that connects students with India’s top 1% tutors in less than 60 seconds, any time during the day and night.

Audio streaming startup Pocket FM raises $65 mn in Series C funding

Audio streaming startup Pocket FM has raised Series C funding of Rs 491 crore ($65 million) led by the US-based venture capital fund Goodwater Capital and South Korean internet conglomerate Naver Corporation & an existing investor Tanglin Venture Partners.
The startup said that the fresh infusion will be used to expand into new languages, invest in artificial intelligence capabilities and build the largest audio creator community.
Founded by Nishanth K S, Prateek Dixit and Rohan Nayak, Pocket FM is an online audio platform that offers over 100,000+ hours of Audiobooks and Podcasts across 3 Indian languages viz Hindi, Tamil and Bengali.

Document AI startup Docsumo raises $3.5 Mn in seed round

Document AI startup Docsumo has raised $3.5 mn in seed funding led by Common Ocean with participation from Fifth Wall, Arbor Realty Trust, and existing investor Better Capital.The start-up said it would use the proceeds to expand to the North American market and grow the team.
Founded in 2019, by Rushabh Sheth and Bikram Dahal, Docsumo is document AI software with Intelligent OCR technology helps us convert unstructured documents such as pay stubs, invoices and bank statements to actionable data.

Children-focused fintech startup Junio raises $6 mn from NB Ventures

Children’s pocket money app Junio has raised $6 million led by UAE-based NB Ventures, with significant participation from the Rajiv Dadlani Group.
The startup said that fresh funds will use to expand team, roll out new product features and scale up customer acquisition initiatives.
Founded in 2020 by Shankar Nath and Ankit Gera, Junio is children’s pocket money app for all online and offline expenses.

TABPS Pets raises Rs 4 cr in seed round funding

TABPS Pets, a Coimbatore-based startup has raised Rs 4 crore in a seed round of funding from a group of angel investors.
Coimbatore-based TABPS Pets was founded by Brindha Vijayakumar. TABPS Pets owns the FiloMilo brand which is engaged in the manufacturing of Ayurvedic powered Pet products and grooming items.



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