The online grocery startup Zepto, Neobanking fintech Open, Dental startup Toothsi, and other startups raised funding in this week.
Zepto raises $200 mn in series D funding
The online grocery startup Zepto (Formerly known as Kiranakart) has raised $200 million in a Series D funding round from Y Combinator’s Continuity Fund.
The startup plans to use the funds to expand its 10-minute delivery service to more cities across the country and grow its network of dark stores.
Neobank Open raises $50 mn From IIFL, becomes India’s 100th Unicorn
Neobanking fintech Open Financial Technologies Pvt Ltd has raised $50 million in its series D funding round from IIFL along with existing investors Temasek, Tiger Global, and 3one4 Capital.
With this funding round, the company is now valued at $1 billion and has entered India’s 100th Unicorn Club.
Dental startup Toothsi raises $40 mn in Series C funding round
Toothsi, a dental Startup has raised $40 million in Series C funding round from Eight Roads Ventures, Paramark, IIFL, and the family office of Medlife co-founders: Prashant Singh and Tushar Kumar.
The startup plans to use the funds to advance its technology platform and operations to ensure a seamless customer experience throughout the treatment journey and also invest in robotic automation for alignment manufacturing.
SaaS Startup BarRaiser raises $4.2 mn seed funding
BarRaiser, an AI-powered interviewing platform has raised $4.2 million in seed funding round from 021 Capital and Global Founders Capital, with participation from other angel investors.
The AI company plans to use the funds to expand its geographic footprint and scale teams in engineering and data science to meet growing demand for its SaaS and interviewee community product, Barraiser+.
Social commerce Platform Frendy raises Rs 23 crore funding
Frendy, a Social commerce startup has raised Rs 23 crore in a funding round from Marv Capital and Centera Fund, with participation from existing investor Desai Family Office and new investors via LetsVenture Angel Fund.
The startup plans to primarily use the funds for growth, expanding its team and meeting its working capital needs.
Fintech platform Kaleidofin closes $15 mn Series B equity round
Fintech Startup Kaleidofin has raised $15 million in its Series B equity round from the Michael and Susan Dell Foundation.
The fintech startup plans to use the funds to strengthen customized credit solutions for informal sector customers.
Lifechart raises $200K in pre-seed round
Digital alternative healthcare Startup Lifechart has raised $200,000 in its pre-seed funding round from Expert Dojo and Nitish Mittersain, founder of Nazara Technologies.
Lifechart plans to use this fund to introduce new products like interactive yoga and self-meditation to customers. This enables the company to work on its most attractive feature, the health meta.
Healthcare Automation Startup Element5 raises $30 mn
Automation service provider Element5 has raised $30 million in its Series B funding round from Insight Partners.
The startup plans to use the funds to promote the delivery of its post-acute healthcare solutions and more people on board in India. It also plans to double the strength of its engineering team in India.
SaaS platform Toplyne raises $15 mn in funding
Toplyne, a SaaS-based Startup has raised $15 million in its Series A funding round from Tiger Global Management and Sequoia Capital India.
The startup plans to use the funds to aggressively deliver on the product roadmap and scale data science, engineering, product and design teams.
API security platform Traceable AI raises $60 mn in funding
API security platform Traceable AI raised $60 million in its Series B funding round from Institutional Venture Partners (IVP) with participation from Tiger Global Management and existing investors Unusual Ventures and BIG Labs.
The startup plans to use the funds to accelerate growth by further investing in its product development and research efforts, expanding its sales and marketing teams, and expanding its global sales.
Internet provider Excitel raises $11.5 mn in funding
Broadband services provider Excitel has raised $11.5 million in funding from existing and new investors.
Chief Executive Officer Vivek Raina said the new capital would be used to gain customer market share over the next few years.
Tan90 raises Rs 5 crore in funding led by Blue Ashva Capital
Tan90, a Thermal Management Company for energy-efficient thermal solutions for businesses, has raised Rs 5 crore in its pre-Series A funding round from Blue Ashva Capital.
With this fundraising, the startup aims to expand its reach in India and Southeast Asia, optimize supply chains for existing customers, enhance product offerings and aim for a sustainable and green approach to thermal management across industries.
AI-driven people success platform HuddleUp raises $550k in seed funding
HuddleUp, an AI-driven people success platform, today announced that the company has successfully raised, USD $550,000 in seed funding from a clutch of prominent investors. Anicut Capital which manages two debt funds and an equity-based angel fund with an AUM of INR 1700cr was the lead investor along with other investors like Blume Founders’ Fund, First Cheque, Huddle & Upsparks.
The funding will empower HuddleUp to build a robust team with a keen focus on accelerating growth in Indian & global markets. This will also enable the company to strengthen its mission of making work-life meaningful for every employee. The allocated funds will help HuddleUp take the initial steps in this direction and provide flexibility to build an ardent and strong product with an industry-led expert team.
Medtech platform Genworks raises Rs 135 Cr from Somerset Indus Capital Partners, others
Medtech distribution platform Genworks Health Pvt Ltd has raised Rs 135 crore in fresh funding round from Somerset Indus Capital Partners, Morgan Stanley through its funding arm Grand Vista, Evolvence and Wipro GE.
The startup plans to use the funds for acquisitions, expansion in in-vitro diagnostics and meeting working capital requirements.
Freed raises $2.8 mn in pre-Series A round led by Inflection Point Ventures
Gurgaon-based Consumer debt relief startup Freed has raised $2.8 million in its pre-Series A funding round from Inflection Point Ventures.
The startup plans to build a technology stack to roll out new and differentiated debt relief products/services to enhance team strength, customer acquisition and brand promotion initiatives across all verticals.
Evenflow raises $5 mn in Pre-Series A funding from Village Global, others
The Bengaluru-based Even flow Brands (Evenflow), an eCommerce rollup Platform has raised $5 million in its Pre-series A funding round from a clutch of investors.
The startup plans to use the funds to increase its team size, acquisitions, and grow its technology and operations. It is looking to develop over 20 such Indian brands in the next 12-18 months.
Koinbasket raises $2 mn in pre-seed round
KoinBasket, a crypto investment startup has raised $2 million in its Pre-seed funding round from Sandeep Nailwal (Co-founder of Polygon), Omar Rahim (former Director at Binance), Navin Gupta (Managing Director, Ripple), Ajeet Khurana and Kube VC.
The startup plans to invest in technology with the aim of using the funds for the product and geographic expansion, enhancing customer experience, and hiring talent.
Tech Startup Bizzo raises $2 mn in funding
Bizzo, a tech startup has raised $2 million in a funding round from Orios Venture Partners and ICICI bank.
The startup plans to use the funds to help service entrepreneurs build, scale, and organize their businesses digitally.
Agritech startup Absolute raises $100 mn from Sequoia, others
Absolute, an Agri-tech startup has raised $100 million in its recent funding rounds from Sequoia Capital India, Alpha Wave Global, and Tiger Global.
The startup plans to use the funds to strengthen the firm’s technology, recruit and scale to new markets and territories.
Healthtech platform Redcliffe Lifetech raises $61 mn in funding
Health-tech platform Redcliffe Lifetech has raised $61 million in its Series B funding round from LeapFrog Investments.
The startup plans to use the funds to expand its geographic reach in Tier II and III cities.
Rajsha Pharmaceuticals raised ₹2.5 crore in Equity Funding to accelerate Expansion
Rajsha Pharmaceuticals, Ahmedabad’s leading Ayurvedic product focussed pharmaceutical company, announced the dilution of its majority stake with an Ahmedabad-based Pharma Group.
Funds received from stake dilution will accelerate the expansion of the production capacity and add to the growth capital of Rajsha Pharmaceuticals.
Drone manufacturing startup Garuda Aerospace raises funding
Garuda Aerospace, Drone-as-a-Service (DaaS) provider company has raised an undisclosed amount in its Pre-series A funding round from Ocgrow Ventures with participation from a few prominent angels from the global investment banking circles.
The company will use the funds to enhance its technology and global expansion.
Zypp Electric Raises $1 mn From Northern Arc
Zypp Electric, a hyperlocal and EV-based last-mile delivery startup, has raised $ 1 million in debt funding round from Northern Arc.
The startup plans to use this to expand its EV fleet services as it looks to deploy 1.5 lakh e-scooters in the country over the next three years.