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[Weekly Deals Roundup] Oxyzo, Stanza Living, Plum & others raise funds

[Weekly Deals Roundup] Oxyzo, Stanza Living, Plum & others raise funds
Weekly Deals Roundup

Fintech unicorn Oxyzo, managed accommodation provider Stanza living, D2C Beauty brand Plum, and other startups raised funding in this week.

Oxyzo raises $200 mn maiden external funding, turns unicorn

OfBusiness lending arm, Oxyzo a Fintech startup has raised its first external funding of $200 million from Alpha Wave Global and Tiger Global with participation from Norwest Venture Partners, Matrix Partners, and Creation Investments.

The startup plans to use the funds for inorganic expansion.

Stanza Living raises $57 million debt financing

Managed accommodation provider Stanza living has raised $57 million in debt financing from Kotak Mahindra Bank and RBL Bank, with its existing debt provider Alteria Capital also participating.

Stanza Living will use these funds to fund capital expenditures for the company’s current and future projects and accelerate the next phase of the company’s multi-city expansion.

Beauty brand Plum raises $35 mn funding in Series C round

D2C Beauty brand Plum has raised $35 million funding in a Series C round from A91 Partners – late stage-focused venture capital fund.

The company plans to further strengthen its omnichannel presence, create new categories in addition to its core skincare range, enhance R&D capabilities and invest in marketing and technology with a focus on inducting high-quality talent.

Healthtech startup FutureCure Health raises $4 mn funding

Healthtech startup FutureCure Health has raised around $4 million in Series A funding from RVCF India Growth Fund, Unicorn India Ventures, Kotak Investment Advisors Limited, and other investors.

The company plans to use the funds to further develop various technologies, FDA approvals, and global expansion.

JSB Healthcare raises Rs 2.5 crore from financing platform Velocity

JSB Healthcare, a home health and fitness brand has raised Rs 2.5 crore ($328k) from revenue-based financing platform Velocity.

With this fundraise the company plans to use the funds to finance inventory for new products and to ramp up our digital marketing.

Virtual spiritual platform Vama raises $750k in seed funding

Vama, a virtual spiritual platform, has raised $750k in a seed funding round from Huddle & 7Square Ventures.

With this fundraise, the company plans to use the funds to bolster product development, introduce new service verticals, and acquire new talent

Aquaconnect raises Rs 60 Cr in venture debt led by Trifecta Capital

Aquaconnect, the tech-driven aquaculture-focused startup, has raised Rs 60 crore in venture debt round of funding from Trifecta Capital.

The startup plans to use the funds to enhance its presence across India by expanding its network of Aqua partners & expanding the scale of operations and scaling up its post-harvest market linkage solutions. These franchise stores provide fish and shrimp farmers with access to quality input products.

Struct Finance raises $3.9 mn in funding

DeFi Protocol Struct Finance has raised $3.9 million in a seed funding round.

The startup plans to use the funds to build out the tools for institutions to easily customize their interest rate products and compose them with options to construct structured products that are better suited to the profiles of different investors.

Social networking app O’hi raises Rs 3 cr in seed funding

Social networking app O’hi has raised Rs 3 crore in a Seed funding round from marquee investors such as Rahul Mehta (Managing partner-DST), Angellist US among others.

The brand will use this capital investment to strengthen its app, strengthen its team and invest in technology, products, and pilots to build the brand.

The company is looking to expand its services. This company started in Goa, Jaipur, and is currently operating in Pune, Gurugram, and Bangalore. It has explained in a statement that it intends to expand to new cities.

Locofy.ai raises $3 mn in funding from Accel, January Capital

Enterprise software firm Locofy.ai has raised $3 million in a funding round led by Accel, January Capital, Golden Gate Ventures, Boldcap.

The company plans to use the funds to scale the engineering and data, science teams.

Marketing SaaS startup Zocket raises $3 mn from Kalaari Capital

Zocket Technologies Pvt Ltd, which runs a software-as-a-service (SaaS) platform Zocket has raised $3 million in Seed funding round from Kalaari Capital, with participation from Kettleborough VC.

The startup plans to use the funds to improve the brand building, strengthen its team, expand its product offering and launch its complete Adtech solution for SMBs.

Infratech firm EVRE raises funds from Acko Tech, CreedCap Asia Advisors

Hyderabad-based Integrated charging Infratech firm EVRE has raised an undisclosed amount in a pre-series funding round from Acko Technology & Services and CreedCap Asia Advisors.

With this fundraise, the firm will use this fund to deployed in capacity expansion and R&D.

Fintech Startup Rupifi Secures $8 mn Venture Debt

Digital B2B fintech Company Rupifi has raised $8 Mn venture debt from Alteria Capital, Trifecta Capital, and Innoven Capital.

The startup will use the funds to increase penetration and plug the gaps in the large manual B2B payments and strengthen the startup’s B2B checkout products and create an omnichannel mobile-first B2B payments solution.

HR tech startup Skillbee raises $3.2 mn seed funding

HR tech startup Skillbee has raised $3.2 Mn in seed funding round from Good Capital and Vibe Capital.

The startup will use the funds to strengthen the presence of its online application’s presence among migrant workers and double the number of companies that are hiring through it. It also plans to increase the bouquet of services provided by the app.

Fintech Start-up Credilio Raises $4 Million (INR 30 Cr) Pre-Series A Funding Round

Credilio has raised USD 4 million (INR 30 Crores) in a pre-series A funding round with a clutch of investors that include Cornerstone Venture Partners Fund (CSVP Fund), Exfinity Venture Partners, and Param Capital founder Mukul Agarwal in his personal capacity.

The fresh round of funds will be deployed towards strengthening Credilio’s lending product penetration by enhancing technology capabilities and harnessing the potential of evolving API stacks of Banks / NBFCs. The capital will also be directed to kickstart the implementation of sophisticated analytical tools and credit bureau information to accurately find the best-suited product portfolio that meets the consumers’ requirements.

Coworking Startup iSprout raises $4 mn in pre-Series A funding

iSprout, a startup in the co-working spaces, has raised $4 million in pre-Series A funding round from private investors.

The funds raised in this Pre-Series A round will be used by the company to strengthen its presence in the existing markets. The same upcoming Series A funding will be used by the startup for aggressive expansion in existing markets such as Hyderabad, Bangalore, Chennai, Pune as well as new markets such as NCR, Mumbai, and Kolkata. The company also expects to cross 10 lakh SFT by the end of this year.

EdTech startup Uppskill raises $100k from Ok! Acquired

Edtech startup, Uppskill has raised $100k from Investment Tech startup, Ok! Acquired and its investors. It is the company’s first institutional seed round of funding.

The online educational platform plans to use the funds to build its tech platform further and expand in different training areas such as sales, operations, finances, and tech.

D2C brand The Ayurveda Company raises $3 mn

Direct-to-consumer beauty and wellness brand The Ayurveda Company (TAC) has raised $3 million from Wipro Consumer Care Ventures, Rahul Gupta of Tricity Technologies, and Harsh Gupta of School of Design & Entrepreneurship.

The startup plans to use the funds in ramping up growth, production capabilities and venture into the retail sector in the next 12-15 months.

Deep-tech startup Praan raises funding from Climate Angels, Aera VC, others

Deep-tech startup Praan has raised an undisclosed amount from global investors Aera VC, angel investment syndication Climate Angels, and Sequoia Scouts in a new funding round.

The company plans to use the funds to expand Praan’s Indian team, accelerate manufacturing and stabilize the supply chain.

Medisim VR raises Rs 3.5 cr in pre-Series A round

Med-tech company Medisim VR has raised Rs 3.5 crore in a pre-Series A funding round from Inflection Point Ventures.

The company plans to use the funds for scaling up its product offering and adding more skill training content to its library.

BlackSoil Invests $4.5+ mn in BigHaat, LoanTap & Blu-Smart Mobility

Debt financing NBFC BlackSoil has invested over $4.5 million in three startups – Blue-Smart Mobility, BigHaat and LoanTap.

Mumbai-based BlackSoil was founded in 2010, BlackSoil has a credit platform consisting of one NBFC and 4 AIFs. The company has invested over $250 million in 120 deals to date and has an AUM of over $80 million.

Mukunda Foods raises $8 mn in Series A round

Food robotics company Mukunda Foods has raised $8 million in its series A funding round from Zomato with $5 mn participation.

The startup plans to use the funds to expand its reach across QSRs, Cloud Kitchens, and Fine Dine segments and introduce multiple ROI-based models to help the F&B businesses scale.

Aye Finance raises Rs 75 Cr debt

Aye Finance, a MSME lending platform has raised a debt round of Rs 75 crore from leading global impact investment manager, Triple Jump BV and Northern Arc a diversified non-banking finance company (NBFC).

The lender plans to use the funds to provide loans to the under-served segment of micro-enterprises.

EdTech Startup LectureNotes Raises $2.5 million

Edtech startup LectureNotes has raised $2.5 million funding in Pre-Series A round from the Canada-based venture capital company Jani Ventures.

The startup plans to use the funds to build a strong experienced team, grow its B2C platform and expand into new areas. In addition, the funds will be used to improve and enhance the infrastructure of its B2B digital segment called LectureRooms.

Cub McPaws raises $2.2 mn from Facebook, Google executives

Kids clothing brand Cub McPaws has raised $2.2 million funding in its pre-Series A round from senior executives from Facebook, Google, and a few family offices.

Mumbai-based startup was founded in 2016 by Abhay Bhat, KathirvelKandaswami, Kinnar Shah, Cub McPaws is a kids clothing company that offers premium online clothes with easy and secure online payments and fast delivery.

Pickyourtrail raises undisclosed funding

Online D-I-Y travel booking platform Pickyourtrail has raised undisclosed funding from Kunal Shah (CEO, Cred), Adit Parekh (Ex Blume Ventures), and Vinay Ahuja (Executive Director, IIFL Wealth) and existing investors.

The startup plans to use this fund to gain leadership in the leisure space and become the travel brand of choice for new-age travelers across the globe.

FanCraze raises $100 mn in a funding round from Insight Partners

FanCraze, the digital collectibles company has raised $100 million in a funding round from New York-based global private equity and venture capital firm Insight Partners, with participation from B Capital.

Known as one of the largest Series A rounds in Asia, Mirae Financial, Tiger Global, Coatue Management, Sequoia Capital India, Courtside Ventures, and Cristiano Ronaldo’s CR7 also invested in this round.

The company will use the funds to integrate and accelerate the development of new game relationships using its global team, R&D lab, user experience team, gaming studio and marketplace platform where fans can buy, trade, and craft their NFTs and will continue to grow the company’s engineering, marketing and customer success teams as the company expands its technology-focused offering to create a holistic fan experience.

D2C startup MOPP Foods raises Seed funding from India Accelerator

D2C Food startup MOPP Foods has raised an undisclosed sum in seed funding from the existing investor network of India Accelerator.

The company plans to use the funds to expand the capacity in its existing cloud kitchens in the Delhi NCR region.

The startup also plans to foray into retail with frozen versions of its popular dishes.

Healthtech startup Janani.life raises $2.2 mn

Healthcare firm Janani.life has raised $2.2 million in its growth funding round from a group of investors including the global accelerator Y Combinator (YC), Olive Tree Capital, and Good Water Capital, Soma Capital, Brightlane VC, NB Ventures.

The company will use this money to build its technology stack, start full-fledged operations in major cities of the country and scale up its brand building and marketing activities.

B2B platform WCube raises seed fund from Mumbai Angels, others

WCube has raised an undisclosed amount in seed funding from Mumbai Angels, a premier platform for private investments along with its Co-Investment Partner x10xventures, a venture investments, and advisory house.

The company will use the funds for scaling the business and expanding its footprint to new geographies.

SaaS startup CogniSaaS raises seed funding

CogniSaaS, which provides a customer onboarding tool for enterprise SaaS companies has raised an undisclosed amount in a Seed funding round from Arali Ventures, a seed-stage venture capital firm focused on investing in disruptive venture-tech startups.

Bangalore-based startup was founded in 2020 by Rupesh Rao, It helps sales, customer success, professional services, product management, engineering, and QA teams work together with a common goal, helping customers achieve efficiency and maximum performance.

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