[Weekly Deals Roundup] Turtlemint, Geniemode, WoodenStreet, & others raise funds

Insurtech startup Turtlemint, Geniemode, a B2B cross-border tech platform for lifestyle goods, WoodenStreet, and other startups & venture capital raised funding in this week.

Insurtech startup Turtlemint raises $120 mn in funding

Turtlemint, an Insurtech startup, has raised $120 million in funding round from Amansa Capital, Jungle Ventures, and Nexus Venture Partners.

The company plans to use the funds to expand into new geographies, grow its leadership team, and strengthen its product line.

Geniemode raises $28 mn in Series B round

Geniemode, a B2B cross-border tech platform for lifestyle goods, has raised $28 million in its Series B funding round from Tiger Global and existing investor Info Edge Ventures.

The startup plans to use the funds to penetrate deeper into key international markets and also plans to strengthen its supplier base in India and South East Asia (SEA).

WoodenStreet raises $30 mn in Series B round from WestBridge Capital

Jaipur-based WoodenStreet, an online furniture, and home décor platform has raised around $30 million in its series B funding round from WestBridge Capital in a mix of Primary and Secondary investments.

The company plans to use the funds for new market expansion, further development of its technology platform, expansion of its supply chain and creation of a new range of offerings.

Humantic AI raises $1.5 million in funding round

Personality assessment startup Humantic AI has raised $1.5 million in funding round from Coinbase and Pinterest board member Gojul Rajaram, John Donovan ( Ex-CEO, AT&T communications) and Amit Singh, board member of Asana.

The Palo Alto and Bangalore-based Humantic AI was founded in 2021 by Amarpreet Kalkat, It provides vendors with actionable personality insights derived from its proprietary AI, which combines machine learning and natural language processing with neuroscience and computational linguistics.

Zenda raises $9.4 mn in seed funding

Zenda, a fintech app has raised $9.4 million in seed funding round from STV, COTU, Global Founders Capital, and VentureSouq.

The startup said the funds will be used for product development and market expansion in India.

Truemeds raises $22 mn in funding led by WestBridge Capital

Telehealth platform Truemeds has raised $22 million in Series B funding round from WestBridge Capital.

The startup plans to use the funds to accelerate growth in the untapped domestic market and expand its coverage across the country. Now it wants to expand its operations outside Maharashtra as well.

Web3, crypto-focused early stage investor Amesten Capital raises $9 mn

An early crypto-focused investor on Web3, Amesten Capital has raised $ 9 million in funding from family houses in the Middle East and Europe for the fresh capital.

The Mumbai-based Amesten Capital was founded in 2018 by Sachin Jain, It is a seed investment fund that focuses on early-stage startups in various verticals.

GoPaani raises $600k in Seed round funding

Indore-based platform, GoPaani has raised $600K in Seed funding round from investors including 3one4 Capital, PointOne Capital, and a host of angel investors including Mukund Jha (co-founder of Dunzo) among others.

Founded in 2019 by Ankit Ranka and Arpit Sharda, GoPaani is an app for water jar suppliers in managing their business.

AI consulting platform Navikenz raises $4 mn in funding

Navikenz, a consulting-led AI services startup, has raised $4 million in Seed funding round from Sudip Nandy, ex-CEO Aricent and Sekar PRC ex-CEO Hexaware.

The startup will use the funds to expand its footprint in India and the United States.

Investing startup Sateeq raises funds from Group of founders & investors

Sateeq, an investing platform has raised an undisclosed amount in funding round from a group of founders and investors including Himanshu Periwal (founder of Unlu), Sarthak Goel (founder, Y-Combinator backed InVoid), Vaibhav Jalan (Smallcase), Nikunj Jain, Amitesh Sinha (partner SIMA Funds), Kunwar and Amit (founder of UnFinance).

Gurgaon-based Sateeq was founded in 2021 by 16-year-old Krishna Maggo, This is India’s first online platform where users can start investing in startups with just Rs 5000.

South Indian food startup VS Mani & Co raises $370k in funding

VS Mani & Co, a south Indian food startup, has raised $370k in funding round from angel investors including Haresh Chawla (Partner, True North Co),  Anupam Mittal (Founder and CEO of People Group), Ashish Hemrajani (Founder and CEO of BookMyShow), Sidharth Rao (Group CEO, DentsuMB), Rajan Navani (Founder and CEO of JetSynthesys) actor-producer Rana Daggubatiand Sattva Group’s family office.

The company plans to use the funds to take its online-first business to other channels and expand its product line to include South Indian snacks.

Tea brand Teamonk raises Rs 3.5 Cr from Inflection Point Ventures

Bangalore-based Teamonk, a tea company has raised Rs 3.5 Crore in its pre-Series A funding round from Inflection Point Ventures.

The startup plans to use the funds for domestic penetration and explore uncharted territories in international markets.

Licious invests $1 mn in fresh pet food startup, Pawfectly Made

Bengaluru-based meat and seafood brand, Licious has invested $1 million in Pawfectly Made, a fresh pet food startup.

Founded in 2020 by Arpita Ganesh, Pawfactly Made is a pet food services startup that cooks and delivers homemade health pet-friendly meals.

Lenskart Raises $25 mn From Epiq Capital

Softbank-backed unicorn Lenskart, a Multi-channel eyewear brand, has raised $25 million in its ongoing Series I funding round from existing investor Epiq Capital.

The Delhi-based Lenskart was founded in 2010 by Peyush Bansal, Amit Chaudhury, and Sumeet Kapahi, It claims to reach up to 1,00,000 customers per month.

Captain Fresh raises $7.5 mn Funding From Evolvence Group

Captain Fresh, a tech-enabled B2B animal protein marketplace has raised around $7.5 Million in its extended Series C funding round from Evolvence Group.

The Bengaluru-based Captain Fresh was founded in 2019 by Utham Gowda, It is a farm-to-retail platform for animal proteins – fish, seafood, and sheep.

Agritech startup Poshn raises $3.8 million in funding

Poshn, an agri-trading platform, has raised $3.8 million (Rs 28.8 crore) in seed funding round from Prime Venture Partners with participation from Zephyr Peacock.

The platform plans to use this fund to grow aggressively and invest in technology and business operations.

EV Platform BGAUSS raises $6.8M in Series A round

Mumbai-based electric vehicle startup, BGAUSS Auto Private Limited, has raised $6.8 million (Rs 52 crore) in its series A funding round from Darshan Patel, founder and managing director of Vini Cosmetics.

The startup plans to use the funds for the company’s growth plans, which include retail expansion in India, manufacturing capacity expansion, the launch of two new differentiated products, R&D, and in-house product development in various electric vehicle components.

Tractor Junction raises $5.7 mn in seed funding

Noida-based Tractor Junction, a rural vehicle marketplace, has raised $5.7 million in its seed funding round from Info Edge Ventures and Omnivore.

The startup plans to use the funds for talent acquisition, financial services development and launch physical stores for used tractors across North India.

Healthtech Startup Ayu Health raises $21 mn in funding

Healthtech startup Ayu Health has raised $21 mn in its Series B funding round from Nandan Nilekani’s Fundamentum Partnership.

The Bengaluru-based Ayu Health was founded in 2020 by Himesh Joshi, Arjit Gupta and Karan Gupta, At present, it has over 40 hospitals in Chandigarh and Bengaluru cities and has served over 100,000 patients.

Travel Tech Startup TravClan raises $4.7 mn in funding

TravClan Technology India Pvt Ltd, which runs global business-to-business (B2B) travel startup TravClan has raised $4.7 million in its extended pre-Series A funding round from Hashed emergent fund.

The New Delhi-based TravClan was founded in 2018 by Arun Bagaria, Chirag Agrawal, and Ashish Thapliyal, It helps agents build and grow their travel business online by setting up websites and selling products digitally.

ideaForge raises $20 mn led by Florintree

ideaForge, a Drone manufacturer startup has raised $20 million in its series B funding round from Florintree, which is operated by Matthew Cyriac, former private equity co-head of Blackstone India.

The Mumbai-based ideaForge was founded in 2007 by Ankit Mehta, Ashish Bhat, Rahul Singh, and Vipul Joshi, It is backed by over 15 years of research and development (R&D) with over 20 global patents.

AI-based Platform Convin.ai raises $2.1 mn in funding

Convin.ai, an Artificial intelligence-driven platform, has raised $2.1 million in its seed funding round from Kalaari Capital with participation from Good Capital, Plan B Innovations, Bharat Founders Fund and Digital Sparrow.

The startup plans to use the funds to improve its end-to-end assisted selling platform and expand product and go-to-market (GTM) teams.

NFT startup Revise raises $3.5 mn in seed round

NFT startup Revise has raised $3.5 million in its seed funding round from AlphaWave Global and 8i.

The Platform will use the funds for hiring and expansion. Currently, Revise SDK is live, and developers can sign up for its private beta mode to use it.

Vegan Health Wellness Startup Fitspire raises $300k Funding

Vegan health wellness startup, Fitspire has raised $300k in funding round from global marquee investors- Ivor Braganza (Director of Next5 Oman), and Rajesh Sud (Managing Director of Bharti Financial Services).

The startup plans to use the funds to further strengthen its ecosystem and accelerate market expansion, branding, and the creation of new sources of revenue.

EV battery platform Nexus Power raises funding from JITO Angel Network

Bhubaneswar-based electric vehicle battery maker Nexus Power has raised an undisclosed amount in funding from JITO Angel Network. The startup plans to use the funds to launch research and development, large-scale operations, and small trials in partnership with India’s original equipment manufacturers.