Home Insight FUNDING NEWS- Newly Funded Startups 2024 CredAvenue, Captain Fresh, Eruditus & others raise funds

[Weekly Deals Roundup] CredAvenue, Captain Fresh, Eruditus & others raise funds

[Weekly Deals Roundup] Turtlemint, Geniemode, WoodenStreet, & others raise funds
[Weekly Deals Roundup] CredAvenue, Captain Fresh, Eruditus & others raise funds
Weekly Deals Roundup

Captain Fresh, Fintech startup CredAvenue, Edtech Startup Eruditus and other startups raised funding in this week.

Fintech startup CredAvenue raises $137 million, turns unicorn

Chennai-based debt marketplace CredAvenue has raised $137 million in a Series B round of funding led by New York-based Insight Partners, B Capital Group and Dragoneer.

Existing investors, catapulted the company’s valuation to $1.3 billion. Nikhil Sachdev, managing director at Insight Partners, will join CredAvenue’s board as part of the deal.

The fintech startup said that funds will use to expand in India and into key global markets as well as make acquisitions.

Captain Fresh raises $50 Mn in Series C, valuation doubles to $500 mn

B2B seafood and meat marketplace Captain Fresh has raised $50 mn in its Series C investment round co-led by existing investors Prosus Ventures and Tiger Global.

Founded in 2019 by Utham Gowda, Captain Fresh is an online business-to-business platform for wholesale trade of seafood with integrated shipping, payment protection and quality assurance services.

Digital Freight Brokerage platform Lobb raises $1.1 mn in funding

Digital Freight Brokerage company Lobb has raised $1.1 million in a Funding round from Bjyu Pillai, group managing director, Inflow Technology and investor Gopal Kaul.

Bengaluru based startup founded in 2015 by Venu Kondur, the company said that the funds will use in scale the business and expend Lobb’s network across newer geographies in India.

Personal healthcare startup CureSkin raises $5mn in funding

An Artificial intelligence-driven beauty and personal care brand CureSkin has raised $5 million in a Series A round from JSW Ventures.

Founded in 2017 by two ex-Google employees Guna Kakulapati, Rama Rajanna & dermatologist Charu Sharma, AI-driven healthcare startup will use this funding to grow its overall customer base, expand into adjacent categories, and make further investments in technology.

Agritech startup Otipy raises $32mn in Series B funding

Agritech startup Otipy has raised $32 million (Rs 235 crore) in a Series B round from Westbridge Capital.

Gurugram-based Otipy was founded in 2020 by Varun Khurana and Prashant Jain, the company will be use funds to expand the company into new territories, strengthen its supply chain, invest in cutting-edge technology, add product categories and accelerate its mission to make fresh nutritious food accessible to all.

Healthtech startup DeepTek raises $10 mn in funding

Healthcare startup DeepTak has raised $10 million in a Funding round from Tata Capital Healthcare Fund II (TCHF II), and other investors.

Pune based DeepTak was founded by Dr. Amit Kharat and Ajit Patil in 2017. The Company said that DeepTek’s mission is to make quality radiology services more affordable and accessible by leveraging the power of AI.

Esports gaming platform Gamerji raises $1.1 million in Pre-Series A round

Ahmedabad based Esports gaming platform Gamerji has raised $1.1 million in a Pre-Series A round from Unicorn India Ventures.

Gamerji is a eSports tournament platform founded in 2019 by gaming expert and serial entrepreneur Soham Thacker.

The startup will use the fresh funds to enhance tournament organisation technology, build social features for the gamers, and expand to MENA regions and south-east Asia.

Digital pension app PensionBox raises $160k funding

PensionBox, a digital pension app has raised $160,000 from Kishore Ganji, Keynote India, Aprameya Radhakrishna, SAT Industry, and others.this funding round was backed by 100X.VC and from Marquee Angels.

PensionBox plans to use this funds to hire a strong team and build its product faster in the coming months to lead the way in the pension sector in India.

Edtech Startup Eruditus raises $350 mn funding from CPPIB for M&As

Executive education focused startup Eruditus has get $350 million debt financing from Canada Pension Plan Investment Board (CPPIB) to largely fund its aggressive acquisition plans in its overseas markets.

Edtech Startup Eruditus started in 2010 by Ashwin Damera, an online education startup which makes courses from Ivy league Universities accessible and consumable.

CityMall raises $75 million in Series C round

Social commerce venture CityMall has raised $75 million from Norwest Venture Partners.This is CityMall’s third funding round in a year.

CityMall was founded in 2019 by Angad Kikla and Naisheel Verdhan, the company has been valued at about $320 million in the Series C round.

Proptech startup Propdial raises Rs 1 crore

Property management company Propdial has raised a top up of Rs 1 crore by Way of compulsory convertible debentures (CCDs).Gurugram based startup was founded in 2017 by Gopal Mishra and Vinay Prajapati.

The funding will be used by the company to grow Propdial’s domestic business and expand its geographic reach across India.

Oorjaa raises Rs 9 crore funding in Pre series A round  

B2B logistics tech startup Oorjaa has raised Rs 9 crore funding in Pre series A round from Inflection Point Ventures.

Oorjaa was founded in 2019 by Sandeep Patil, Prashant Mohite and Yogesh parab, the Company plans to use the funds to focus on the product and tech development, expanding into new geographies and on working capital requirements

Ecommerce search tech startup Wizzy raises $300K

100X.VC backed company Wizzy, an advanced site search solution for ecommerce stores and marketplaces, raised nearly $300,000 from Manipal Technology & Media Group, Concept India, Quattro Ventures, and Sat Industries.

The startup plans to use the fund to evolve the product, amplify its reach to store and marketplace owners around the world, and make product discovery and shopping more seamless.

Fintech startup Money View raises $75 million in series D funding

Online financial services provider, Money View has raised $75 million in a fresh funding round led by Tiger Global, Winter Capital, Evolvence India, and Accel.

Benguluru based fintechstartup Money View was founded in 2014 by two IIT friends, Sanjay Aggarwal and Puneet Agarwal.

Wellcurve raises Seed funding from Benevolent Capital, others

E-commerce startup Wellcurve raised an undisclosed amount in a Seed investment round from Benevolent Capital, angel investor Tommy Rosen and one of the investors in Thrive Market, America’s biggest organic food E-commerce platform.

The company plans to use the funds to expand the network of health experts on the platform and augment the technology to further personalize the user experience.

Dreamsredeveloped raises pre-seed funding from Indian Accelerator

Dreamsredeveloped, a tech redevelopment platform, has raised an undisclosed amount in a pre-Seed round from Indian Accelerator.

The company plans to use the fund to build their AI-enabled platform which it said connects the entire redevelopment ecosystem and expansion.

Agritech startup BharatRohan raises seed funding

BharatRohan Airborne Innovations, an agritech startup, has raised Seed funding in a round from Upaya Social Ventures and Acumen Fund Inc.

The company will use the funds to strengthen its foothold across Rajasthan and Gujarat states, growing in Agritech sector and scale its traceable, sustainable, and profitable ecosystem of seed spices, oilseeds, and pulses across around 2 lakh acres of area in the next two years.

Enterprise automation platform JIFFY.ai raises $53mn in Series B round

Enterprise automation platform Jiffy.ai has raised $53 million in its Series B round of funding from Fidelity-backed investment firm Eight Roads Ventures.

The company will use the funds in to scale its sales and marketing and advance its HyperApp platform which simplifies business process automation using artificial intelligence (AI), natural language processing (NLP), machine learning (ML), and advanced analytics.

Game streaming platform Loco raises $42 mn in Series A round

Popular Video Gaming streaming platform Loco has raised $42 million in seed funding round from crypto major Hashed, with participation from Makers Fund, Catamaran Ventures and Korean Investment Partners.

The company will use this funds to work closely with content creators and streamers, as well as up-and-coming organizations that are trying to build IP and create new content around gaming tournaments.

Kuku FM raises $19.5M in funding round from KRAFTON, others

Audio content platform Kuku FM has raised $19.5 million in Series B funding round from South Korean gaming giant KRAFTON Inc.

Kuku FM plans to use funds to broaden its language offerings and consolidate content creation, fueling its existing offerings.

Nutrify Today raises $500k in Seed funding

A technology platform Nutrify Today has raised Seed funds for $500k from investor Dr Anand Swaroop who a well-known entrepreneur and research scientist based in New Jersey USA.

The company plans to use the funds to fortify & strengthen the product technology, fully automate the platform and cover around 20 countries for new product development, commercialization, and supply chain solutions to small to medium companies in the nutraceutical industry.

Menlo Micro raises $150mn in Series C Funding

Menlo Micro, a technology company, has raised $150 million Series C funding from Vertical Venture Partners and Tony Fadell’s Future Shape.

Menlo Micro plans to use the funds to expand the company’s domestic manufacturing and supply chain for Ideal Switch, the most disruptive technological innovation in the electronics industry since the advent of the transistor.

Metasky raises $1.8mn from Sequoia Capital India, Woodstock Fund

Benguluru based Metasky, a platform aimed at the intersection of Web3 and the creator economy, has raised $1.8 mn in a pre-seed token sale round from Sequoia Capital India and Woodstock Fund.

Metasky was founded in 2021 by Ankit Arora and Prakhar Sharma, Web3 platform Metasky offers user-friendly tools for buying, storing and using non-fungible tokens (NFTs).

Blinkit raises $100 million from Zomato

Online grocery shopping platform Blinkit (formerly Grofers) has closed an additional $100 million in funding as part of its ongoing fundraise.

Gurgaon based e-grocery platform Founded in 2013 by Albinder Dhindsa and Saurabh Kumar, Blinkit aims to be 100× retails in the next 5 years.

100ms raises $20 mn in Series A funding round

Live video infrastructure startup 100ms has raised $20 million in Series A funding round from Falcon Edge’s Alpha Wave Incubation (AWI).

San Francisco based startup founded in October 2020 during the lockdown by Kshitij Gupta, Aniket Behera and Sarvesh Dwivedi,the company said that fund will use to help developers build and deploy enterprise-class video applications in hours.

Edtech startup Cialfo raises $20mn from Tiger Global

Singapore-based Edtech firm Cialfo has raised $20 mn in Series B extension funding round from Tiger Global.

The company plans to use the funds to strengthen tech team and expand its geographical presence in India.

Palo Alto-based Birdeye raises $60M in Series C from Accel-KKR

Birdeye, the Palo Alto, California, headquartered customer experience tech startup has raised $60 million in a Series C funding round from Accel-KKR.

Founded by Naveen Gupta and Neeraj Gupta in 2012, Birdeye will use this growth capital to accelerate its product development and expand its market reach into geographies such as Australia and the UK.

Ferns N Petals raises INR 200 Cr Funding

Gifting platform, Ferns N Petals has raised INR 200 Cr in funding from private equity (PE) firm, Lighthouse.

The company will use the funds to boost its ecommerce play and invest in technology for a better future for the company.It also plans to expand his presence into Saudi Arabia, Malaysia, Indonesia, the Philippines, the UK and Russia in coming years.


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