Fintech Platform Multipl raises USD 3 million in pre-Series A Funding
Bangalore, India-based fintech platform Multipl raised USD 3 million in its pre-Series A funding. The round took place on May 10, 2022. Blume Ventures, GrowX Ventures, IIFL, and Kotak Securities Limited led the funding for Multipl. Purpose of Funding for Multipl The fintech company plans to utilize the latest proceeds for widening investment options. Multipl wants to help Indians plan their...
Retail-tech Startup NutriTap raises USD 1.5 million in pre-Series A Funding
Gurgaon, India-based retail tech platform NutriTap Technologies raised USD 1.5 million in pre-Series A round on May 10, 2022. Venture Catalysts, LetsVenture, IK Capital, and Elysian Fintech led the funding for NutriTap. Meanwhile, a few marquee high-net-worth individuals (HNIs) from the retail industry also participated in the round. Purpose of Funding for NutriTap NutriTap will focus on ramping up in-house technology...
Thermal Management Platform Tan90 raised USD 645K in pre-Series A Funding Round
Chennai, India-based innovative thermal management solutions provider Tan90, raised INR 5 crore (approximately USD 645K) in its pre-Series A funding. The round took place on May 04, 2022. Blue Ashva Capital led the financing for Tan90. Meanwhile, 3i Partners also invested in the funding. The round also saw participation from angel investors such as Shalini Chhabra and Venkat Nekkanti. Purpose...
Zora- A platform that lets anyone create their NFTs raises US $50 million
On the 5th of May 2022, Los Angeles based startup Zora raised US $50 million from crypto firm Haun Ventures and others to enable anyone to manufacture and sell non-fungible tokens (NFTs). Coinbase Ventures, Kindred Ventures, and others participated in the round, which valued Zora at US $600 million. What the founder has to say: In a blog post, Zora cofounder Jacob...
Live captioning tech startup Ava raises USD 10 million in Series A
California-based startup Ava raised US $10 million in investment. Khosla Ventures, which had participated in the seed round but wanted to lead this one, led around on May 7, 2022. Jim Sorenson joined as a new strategic investor, the founder of a deaf and hard-of-hearing telco, implying future mobile sector convergence. The round included participation from Initialized Capital, Lerer Hippeau...
Diagnostics Platform Redcliffe Lifetech raises USD 61 million in Series B Funding
Noida, India-based diagnostics startup Redcliffe Lifetech raised USD 61 million in its Series B funding. The round took place on May 05, 2022. LeapFrog Investments led the financing for Redcliffe Lifetech. Meanwhile, Healthquad, Schroders, LC Nueva, and Growth Spark Ventures invested in the Series B funding. The round also saw participation from existing investors Chiratae Ventures and Alkemi Venture...
Early-stage Venture capital firm Rali_Cap launches US $30 million Fintech Fund
A US $30 million fund has been formed by Rali cap; an early-stage venture capital business focused on emerging markets fintech. The firm, previously known as Rally Cap Ventures, reached its first close of US $20 million (its initial objective) last month before raising the fund size, indicating strong LP interest. The two-year-old VC fund makes pre-seed and seed investments in...
Agritech Startup Absolute Foods raises USD 100 million in Series B Funding Round
New Delhi, India-based plant bioscience startup Absolute Foods raised USD 100 million in a Series B funding round. On May 05, 2022, Sequoia Capital India, Alpha Wave Global, and Tiger Global Management led the funding for Absolute. The new investment saw Absolute's valuation at approximately USD 500 million. Purpose of Funding for Absolute With the recent funding round, the company will use...
Healthcare Platform GenWorks Health raises USD 17.5 million in the Second Round of Funding
Bangalore, India-based healthcare startup GenWorks Health raised USD 17.5 million (INR 135 crore) in its second round of funding. On May 04, 2022, a consortium of investors participated in the funding for GenWorks Health. The consortium included investors such as Somerset Indus Capital Partners, Morgan Stanley via its funding arm Grand Vista, Evolvence and Wipro GE. Purpose of Funding for...
France-based startup Alan raises US $193 million in Series E funding
Alan, a French firm, has raised a new fundraising round of €183 million (US $193 million) on 5th May 2022. The business sells its health insurance plans and has since expanded to include additional medical products and services. In other words, Alan aims to create a healthcare super software that will serve as a one-stop-shop for all of your...
