𝐍𝐞𝐰𝐬 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬 𝐟𝐨𝐫 𝟏𝟏𝐭𝐡 𝐌𝐚𝐫𝐜𝐡 𝟐𝟎𝟐𝟓
1️⃣ Beams Fintech Fund 𝐥𝐞𝐚𝐝𝐬 $𝟕𝟎 𝐌𝐢𝐥𝐥𝐢𝐨𝐧 𝐫𝐨𝐮𝐧𝐝 𝐢𝐧 InsuranceDekho
𝐈𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬: Beams Fintech Fund, 𝐌𝐢𝐭𝐬𝐮𝐛𝐢𝐬𝐡𝐢 𝐔𝐅𝐉 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐆𝐫𝐨𝐮𝐩 (MUFG), BNP Paribas Cardif (𝐯𝐢𝐚 𝐄𝐮𝐫𝐚𝐳𝐞𝐨)
𝐅𝐮𝐧𝐝𝐢𝐧𝐠: InsuranceDekho raised $70 million in a round co-led by Beams Fintech Fund, MUFG, and BNP Paribas Cardif through Eurazeo’s insurtech fund. The Gurugram-based company, founded in 2017, allows customers to compare and purchase various insurance products. It is currently merging with RenewBuy and is awaiting regulatory approval. The funds will be used to expand its digital offerings and market presence.
2️⃣ goSTOPS 𝐛𝐚𝐠𝐬 𝐑𝐬 𝟑𝟓 𝐂𝐫 𝐢𝐧 𝐒𝐞𝐫𝐢𝐞𝐬 𝐀 𝐫𝐨𝐮𝐧𝐝 𝐥𝐞𝐝 𝐛𝐲 Blume Ventures
𝐈𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬: Blume Ventures, 1Crowd, Mumbai Angels, 𝐂𝐡𝐞𝐧𝐧𝐚𝐢 𝐀𝐧𝐠𝐞𝐥𝐬, 𝐈𝐧𝐝𝐢𝐚𝐧 𝐀𝐧𝐠𝐞𝐥 𝐍𝐞𝐭𝐰𝐨𝐫𝐤, 𝐋𝐞𝐚𝐝 𝐀𝐧𝐠𝐞𝐥𝐬, 𝐘𝐮𝐣 𝐕𝐞𝐧𝐭𝐮𝐫𝐞𝐬
𝐅𝐮𝐧𝐝𝐢𝐧𝐠: goSTOPS, a youth travel hostel brand, has raised ₹35 crore ($4.2 million) in its Series A round. The funding will be used to strengthen operations, enhance technology, and elevate the social and experiential aspects of its properties. The company is also securing debt partnerships for further expansion. Founded by Pallavi Agarwal and Pankaj Parwanda, goSTOPS plans to scale from 2,500 to 10,000 beds across 100 locations in 24 months, aiming for 4X growth.
3️⃣ Yenmo (YC W24) 𝐫𝐚𝐢𝐬𝐞𝐬 𝐑𝐬 𝟗.𝟐 𝐂𝐫 𝐥𝐞𝐝 𝐛𝐲 Y Combinator
𝐈𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬: Y Combinator, Pioneer Fund, ZAKA VC, 𝐎𝐭𝐡𝐞𝐫 𝐀𝐧𝐠𝐞𝐥 𝐈𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬
𝐅𝐮𝐧𝐝𝐢𝐧𝐠: Yenmo (YC W24), a fintech startup offering instant loans against mutual funds, has raised ₹9.2 crore in a funding round. The capital will support product expansion, technological enhancements, market growth, and operational scaling. Co-founded in 2022 by Ashutosh Purohit and Aryan Agarwal, Yenmo provides secured credit products, including loans against stocks, insurance, and digital assets.
4️⃣ 𝟏𝟎 𝐦𝐢𝐧 𝐟𝐨𝐨𝐝 𝐝𝐞𝐥𝐢𝐯𝐞𝐫𝐲 𝐬𝐭𝐚𝐫𝐭𝐮𝐩 Swish 𝐫𝐚𝐢𝐬𝐞𝐬 $𝟏𝟒 𝐌𝐢𝐥𝐥𝐢𝐨𝐧
𝐈𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬: 𝐇𝐚𝐫𝐚 𝐆𝐥𝐨𝐛𝐚𝐥 𝐂𝐚𝐩𝐢𝐭𝐚𝐥, Accel in India, 𝐐𝐄𝐃 𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧 (𝐊𝐮𝐧𝐚𝐥 𝐒𝐡𝐚𝐡), 𝐆𝐚𝐮𝐫𝐚𝐯 𝐌𝐮𝐧𝐣𝐚𝐥, 𝐒𝐮𝐦𝐞𝐫 𝐉𝐮𝐧𝐞𝐣𝐚
𝐅𝐮𝐧𝐝𝐢𝐧𝐠: Swish, a 10-minute food delivery startup, has raised ₹122.32 crore (~$14 million) in its Series A round, led by Hara Global Capital Management and Accel in India. The funding comes just three months after its $2 million seed round. 𝐇𝐚𝐫𝐚 𝐆𝐥𝐨𝐛𝐚𝐥 𝐂𝐚𝐩𝐢𝐭𝐚l contributed ₹69.56 crore, while Accel India invested ₹52.18 crore.
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