Insperon Journal’s Post

The Funding School - TFS : Buckle up, because this week in the world of venture capital funding, we've got some serious movers and shakers. Innovation is key. Investors are always on the lookout for the next big thing that promises to disrupt the status quo. And for startups, having a unique and compelling value proposition can help secure the funding they need to make their vision a reality. Exciting times ahead indeed. 1. Assert AI, India’s largest Computer Vision SAAS company, proudly announces the successful closure of its Series A funding round, raising a total of 30 Crores (USD 4 Million) 2. BRISKPE , a Mumbai-based cross-border payment platform, raised $5 million in seed funding from PayU. 3. Equirus InnovateX Fund led a seed round in funding for the e-mobility startup Pointo. Pointo is a lithium battery startup that uses AI and ML-based battery technology to estimate the life of lithium batteries. 4. Reelo, a customer loyalty and marketing start-up, has raised $1 million from Silicon Valley-based Gokul Rajaram, an angel investor. 5. MatchLog Solutions Pvt. Ltd., a sustainable container logistics company that uses AI to optimize its operations, raised $1.5 million in pre-Series A funding. 6. Healthcare and insurtech startup Flashaid raised $2.5 million in funding led by Piper Serica Angel Fund and SOSV. The funds will be used for AI research and development, software enhancement, and team expansion. 7. Lyskraft India Pvt Ltd, an omnichannel fashion and lifestyle platform based in Gurugram, raised $26 million in seed funding. 8. Non-banking lender Northern Arc Capital has raised $80 Mn (INR 667 Cr) from World Bank Group's private-sector investment arm IFC - International Finance Corporation (IFC) in equal halves of equity and debt components. 9. As of April 25, 2024, Clix Capital has secured a total of INR 4,458 crore in investments for FY24. This includes: Rs 2,400 crore: Raised in H1FY24 Rs 2,100 crore: Planned to be raised in the remaining six months of FY24 $20 million: Secured from the Global Climate Partnership Fund for lending to sustainable projects $6 million: Secured from DCB Bank in the form of 5,000 non-convertible debentures (NCDs) with a face value of INR 100,000 each. #startups #funding #venturecapital #debt #seedcapital #capital #seriesa #preseed #seedfunding

Global Fintech Startup Funding Dipped by 16% in Q1 2024 According to a report, funding for fintech startups witnessed a 16% decline compared to the previous quarter, despite an 11% quarter-over-quarter increase to $58.4 billion in overall venture funding for startups. In the CB Insights Q1 2024 State of Venture Report, it revealed that startups in the sector raised just $7.3 billion during the three-month period, marking the lowest level since early 2017. Read more 👇🏼 #globalfintech #fintechfunding #startup https://lnkd.in/dcqVP9Z5

The startup, founded by IIT graduates Piyush Bagaria and Saumeet Nanda along with Mohit Gorisariya, a chartered accountant, is building a tech platform to offer credit on digital payment railroad UPI. Read more at: https://zurl.co/tgHE #Startups #Innovation #Funding #Incubator #GlobalCapabilityCenter #GCC #India #SME #Outsourcing #Expansion #Transformation #Delivery #StartupCapital #Crowdfunding #Fundraising #VentureFunding #StartupFinancing #PitchDeck #FinancialBacking #SeedInvestment #SeriesAFunding #VentureDebt #Bootstrapping #StartupAccelerator

Indian startups surged ahead, taking in $628.24 million in funding, 175% more than last week’s figures. Growth-stage and early-stage deals marked the funding scenario this time around. . The growth-stage funding sphere was abuzz with 14 startups raising funds amounting to $566.44 million in total. The top one was PW (PhysicsWallah), the edtech startup, with $210 million raised for a massive funding round. Other prominent players in this portfolio are SaaS-based digital adoption solution provider Whatfix, API infrastructure platform M2P Fintech, omnichannel diagnostics service provider Redcliffe, and digital infrastructure company iBUS; and mobility startup Everest Fleet Pvt. Ltd., which raised significant deals between $30 million and $100 million. . To read more info check out this link: https://buff.ly/3XQd2nV . Follow us for more information: Business Outreach . . . #BusinessOutreachmagazine #BusinessOutreach #Startup #funding #weeklyreport #weekend #digital #Investor #Growth #ecosystem

FinTech sector leads with 30 startups in Future Unicorns worth $11.4 bn | Start Ups #businesscompanies/start-ups/fintech-sector-leads-with-30-startups-in-future-unicorns-worth-11-4-bn

Last Week Funding & M&A Updates (14 - 19 Oct) 𝐅𝐮𝐧𝐝𝐢𝐧𝐠 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬: - 39 startups raised around $449.33 million. - 12 growth-stage deals and 16 early-stage deals. - 11 startups kept the transaction details undisclosed. 𝐆𝐫𝐨𝐰𝐭𝐡-𝐬𝐭𝐚𝐠𝐞 𝐃𝐞𝐚𝐥𝐬: - 12 startups raised $389.62 million. - Eruditus (Edtech startup) spearheaded its $150 million funding round. - Purplle.com (Omnichannel beauty platform) raised $60 million. - Followed by Neuron7.ai, GIVA and Everstage with $44 million, $30.3 million, and $30 million in funding respectively. 𝐄𝐚𝐫𝐥𝐲-𝐬𝐭𝐚𝐠𝐞 𝐃𝐞𝐚𝐥𝐬: - 16 startups secured funding worth $59.71 million. - Primus Senior Living led the list. - Simplismart, Budy bot, and AGNIT Semiconductors Pvt Ltd followed. 𝐒𝐞𝐫𝐢𝐞𝐬-𝐰𝐢𝐬𝐞 𝐃𝐞𝐚𝐥𝐬: - Seed funding led to 15 deals. - Followed by Series B, pre-Seed, pre-Series A, Debt, and Series A. 𝐅𝐮𝐧𝐝𝐢𝐧𝐠 𝐓𝐫𝐞𝐧𝐝: - Weekly startup funding went up 234.27% to $449.33 million compared to around $134.42 million the previous week. - 8-week average: $353.43 million with 30 deals per week. 𝐅𝐮𝐧𝐝 𝐋𝐚𝐮𝐧𝐜𝐡𝐞𝐬: - Anicut raised $11 million for its Private Credit Fund 3 through the GIDT city structure. - SBI Foundation and Villgro launched a fund, Innovators for Bharat, that focuses on agritech startups. - Tetr College of Business launched $10 million fund to invest in early-stage student entrepreneurs. 𝐌&𝐀: - Licious acquired My Chicken and More - IBM purchased Prescinto, an IBM Company - Indium took over majority stake in Experion - Jetapult acquired UMX Studio | يومكس ستوديو These are the key funding and M&A updates from last week. For seamless funding or acquisition support, connect with our experts at hi@ibgrid.com. #WeeklyUpdates #Fundraising #MergersandAcquisitions

#TheFrontPage: Your daily round-up of India’s hottest startup and tech news. 🗞️ 💠 Rapido turns unicorn, raises $120M from WestBridge Capital. Rapido has raised $120 million (approximately Rs 1,000 crore) in a Series E funding round led by existing investor WestBridge Capital at a valuation of $1 billion. The ride-hailing platform that operates bike taxis is the third company to enter the unicorn club this year after fintech Perfios and Bhavish Aggarwal’s AI startup Krutrim. Read more at 👇 https://lnkd.in/gjpg79uM 💠⁠ ⁠ElectricPe raises $3M in pre-Series A round from Green Frontier Capital EV charging aggregator startup ElectricPe has raised $3 million in a pre-Series A round from early-stage VC fund Green Frontier Capital. The funding round also saw participation from existing investors, including Blume Ventures, Micelio Fund, and NB Ventures. Read more at 👇 https://lnkd.in/gPw2Zj7T 💠 ⁠⁠NCLT orders liquidation of Kishore Biyani-led Future Retail as resolution eludes The NCLT allowed the liquidation of Kishore Biyani-led Future Retail as the maximum period of the corporate insolvency resolution process (CIRP) has expired with no resolution plan approved by the lenders. The Mumbai bench of NCLT appointed Sanjay Gupta as the liquidator in the matter. Read more at 👇 https://lnkd.in/gaRC84sC 💠 ⁠⁠Wedding services startup Meragi raises $9.1M in Series A round led by Accel Bengaluru-based Meragi, a wedding services startup, has raised $9.1 million in its Series A round led by Accel. The round also includes participation from existing investors Peak XV Partners (formerly Sequoia Capital India & SEA) and Venture Highway, and angel investor Anupam Mittal. Read more at 👇 https://lnkd.in/gvrSsNhB 💠 Bengaluru's Gemba Capital unveils Rs 250 Cr Fund II for early-stage investments Bengaluru-based venture capital firm Gemba Capital launched its second fund, targeting a corpus of Rs 250 crore, including a green shoe option of Rs 50 crore. Gemba Capital's Fund-II plans to invest in 30 pre-seed and seed startups, especially "platform-first" businesses in fintech, consumer tech, and B2B sectors, each with an initial Rs 5 crore cheque and a 30% reserve ratio for follow-on investments. Read more at 👇 https://lnkd.in/g8bXa3yQ

Funding Highlights - INDIA - Fintech and Healthtech continue to attract substantial investments! Growth-Stage Deals: This week witnessed tremendous growth in the startup ecosystem with 6 remarkable ventures securing substantial funding totaling $234 million! #Perfios, a leading SaaS-based B2B fintech firm, achieved unicorn status by securing $80 million from Teachers’ Venture Growth (TVG) - a late-stage venture arm of Ontario Teachers’ Pension Plan. #Lohum, a pioneering battery tech startup, raised $54 million in primary funding led by Singularity Growth Fund, with notable backing from CaratLane founder Mithun Sacheti. #HiLabs, a healthtech data analysis firm, received $39 million in its latest funding round led by Eight Roads Ventures and Denali Growth Partners. #Nanonets, an AI-based workflow automation platform, secured $29 million with Accel leading the investment. #CureSkin raised $20 million in funding led by HealthQuad. #BlackSoil, an alternative credit platform, raised $12 million in equity funding through a rights issue. #S3VVascular received Series B funding with participation from notable investors like former Chairman of Larsen & Toubro AM Naik and veteran investor Madhusudan Kela. Early-Stage Deals: Additionally, 20 early-stage startups received a significant boost with funding worth $53 million! #FREED, a debt relief platform, secured $7.5 million in its Series A round led by Sorin Investments and Multiply Ventures. #RapidCanvas, an E2E business guide provider, received $7.5 million in Seed Funding led by Accel. #KitesSeniorCare secured $5.4 million in Series A funding led by Ranjan Pai, chairman of MEMG. #ClearPremiumWater, a direct-to-consumer bottled water brand, received $5.4 million in investment by JM Financial. #SugarFit focusing on diabetes management secured $5 million led by B Capital. #KimbalTechnologies, providing smart metering solutions, raised $5 million in its first institutional funding round. #TapFin, a fintech startup, secured $4 million in a seed funding round led by Elevar Equity. #LoanKuber, offering mortgage finance solutions, secured $2.5 million in Debt Funding led by Au Small Finance Bank. #OppDoor, Binny Bansal's new venture, received just under $2 million through venture fund Three State Ventures. #GobbleCube, a brand analytics platform, secured $1.9 million in seed funding led by Kae Capital. Moreover, there were two undisclosed funding rounds from #TheQuorumClub, #Indicold, and #IntelloSync, adding intrigue to the startup landscape. Fund Launches: 1. #Origami by 8i Ventures, supporting early-stage founders. 2. #PrathVentures raised Rs 120 crore, co-led by SIDBI Funds, focusing on Indian consumption opportunities. 3. #AvaanaSustainabilityFund(ASF) by SIDBI, secured $24.5 Mn from the Green Climate Fund (GCF), its maiden sustainability and climate-focused fund. Like it? Share it! Follow me for more updates like this.

Empowering Social Impact Startups this #AkshayaTritiya ? HDFC Bank’s Parivartan Startup Grants fund for new #StartUps #fintech #entrepreneur #startup #FintechNews #FintechSolutions #FintechStartup #PaymentTech #StartupIndia #Believeindia To read more in detail, click below: 👇 https://lnkd.in/gxfTqu4i

Pakistan and Startups PostEx, a fintech startup, has announced it raised $7.3 million in a pre-Series A funding round, which helps startups get the capital they need to grow their business. The news was released on Tuesday. Pre-Series A funding is an investment round between seed funding and Series A. It helps startups improve their product and reach important goals before moving on to a larger Series A round. According to the startup's press release, "The funds will help PostEx strengthen its market position in Pakistan and support its expansion into the Gulf Cooperation Council (GCC) region, where new markets and customers will be able to use PostEx's services." The funding round was led by Conjunction Capital, a global venture capital firm focused on technology. Other investors included Dash Ventures, Sanabil500, VSQ, FJ Labs, and Zayn VC. The startup uses a mix of fintech and logistics to provide quick access to capital, bypassing traditional financing challenges. “Access to capital is crucial for online businesses looking to grow; those with flexible financing options are better positioned to take advantage of new opportunities and succeed,” the statement said. Pakistan’s $6 billion e-commerce sector makes up only 1-2% of total retail transactions, compared to a global average of 15%, according to the statement. The funding follows a “very successful 18 months” for PostEx, during which it achieved several financial and operational milestones, including an annual recurring revenue of $21 million. Muhammad Omer Khan, CEO of PostEx, noted, “Even though the GCC and Pakistan have rapidly growing e-commerce markets, traditional financial institutions often don’t meet the needs of digital entrepreneurs and online businesses.” He added that PostEx aims to empower online sellers by providing the right capital to help their businesses grow. Kirill Kozhevnikov, managing and founding partner at Conjunction Capital, stated that their investment in PostEx highlights “the strategic importance of the Saudi Arabian market as a key growth area within the GCC.”