funding Alert

Blubirch has raised $6.37 Mn (INR 53 crore) in a Series A fundraising round headed by Cornerstone Ventures and Capital2B.

In order to address its financing requirements, drone maker Garuda Aerospace secured Rs 25 crore in funding from a new bridge round led by Venture Catalysts, We Founder Circle.

Inc.5 Shoes, a footwear company, secured its first venture capital of $10 million (about Rs 83 crore) in a round that was co-led by Mumbai-based Carpediem Capital and included Param Capital and P3 Venture Fund.

Vijay Shekhar Sharma, the CEO of Paytm, has established a fund to support entrepreneurs in cutting-edge fields including artificial intelligence (AI) and electric vehicles.

Vastu Housing Finance Corporation Ltd. has secured a $30 million investment from Indian PE and venture capital firm Faering Capital. Multiple Alternate Asset Management and other company shareholders carried out a secondary sale in the present transaction.

Leucine Rich Bio, a microbiome company, secured an undisclosed sum in a pre-series A round of funding. Prominent medical professionals, including gastroenterologists, oncologists, and biotech entrepreneurs, were the driving force behind the funding.

Mokobara, a direct-to- consumer backpack startup, secured $3.6 Mn (INR 29 Cr) from a number of funding partners, such as its current investors Saama Capital, Sauce VC, and Alteria Capital.

Wadhwani AI secured a grant of USD 3.3 million from Google.org as part of the AI for the Global Goals challenge to expand AI technology.

BharatAgri, an advisory-led agricultural inputs online commerce platform, secured its $4.3 million Series A funding from Arkam Ventures.