Indian-based startup Frendy raises US $3 million in Series A funding
On May 2nd, 2022, social commerce company Frendy raised Rs 23 crore ($3 million) in a fundraising round headed by Marv Capital of Additional York and Centera Fund of the United Kingdom, with participation from current investor Desai Family Office and new investors via LetsVenture Angel Fund. Shalabh Mehrish of Vinson Capital Advisors, Jon Piebenga, partner at Social Venture Partners,...
B2B Travel startup TravClan raises USD 4.7 million in Extended Pre-Series A Round
India-based B2B Travel company TravClan raised USD 4.7 million (INR 36 crore) in extended pre-Series A funding. The round took place on April 26, 2022. Hashed Emergent Fund led the funding for TravClan. The pre-Series A round also saw the participation of angel investors. The investors included Nick Talwar, CEO at Circle Up; Aayush Phumbra, ex co-founder of Chegg; Travis...
Rural Vehicle Marketplace Tractor Junction raises USD 5.7 million in Seed Funding
Noida, India-based rural vehicle marketplace Tractor Junction raised USD 5.7 million in a seed funding round on April 26, 2022. Info Edge Ventures and Omnivore co-led the funding round for the company. Existing investors AgFunder GROW Impact Fund and Rockstart AgriFood Fund also participated in the round. Meanwhile, angel investors, including Vikram Chopra and Mehul Agrawal, the Co-founders of Cars24;...
Health Automation Startup Element5 raises USD 30 million in Series B Funding
Chennai, India and the U.S-based health automation platform Element5 raised USD 30 million in its Series B round of funding. The round took place on May 3, 2022. New York-based global venture capital and private equity firm Insight Partners led the funding for Element5. With this round, Element5 has raised USD 48.5 million so far. Purpose of Funding for Element5 The company...
A Sea of Unicorns: Analysing the World’s Unicorns
Unicorns are startups with a valuation of US$1 billion or more. As of Feb 2nd, 2022, there were a thousand unicorns with a combined valuation of US$3.3 trillion, larger than the GDP (PPP basis) of the UK.
Europe-based mobile tax app startup Taxfix raises US $220 million in Series D
Taxfix, Europe's most popular mobile tax software, has raised US $220 million in Series D funding. With over US $1 billion, this news raises the Berlin-based fintech to unicorn status. Teachers' Venture Growth (TVG), was part of the Ontario Teachers' Pension Plan Board (Ontario Teachers'), led the funding round, including current investors Index Ventures, Valar Ventures, Creandum, and Redalpine. Taxfix...
NFT based programming startup Revise raises US $3.5 million in funding
Revise, an Indian based firm that creates NFT programming layers, has raised US $3.5 million in a seed round headed by AlphaWave Global and 8i. Sandeep Nailwal of Polygon, Scott Lewis of DEFI Pulse, Utsav Somani of AngelList, Bharat Founders Fund, and Rahul Chaudhary of Treebo are other notable investors in the round. According to the company, the funding will...
Dental Tech Brand Toothsi raises USD 40 million in Series C funding
Indian dental care brand Toothsi raised USD 40 million in Series C funding on May 1, 2022. Eight Roads Ventures, South Korea-based Paramark, and IIFL led the funding for Toothsi. The family office of Medlife co-founders Prashant Singh and Tushar Kumar also invested in the round. Meanwhile, existing investors Think Investments and the Mankekar family participated in the Series C...
Kota-based Test Prep Firm Allen receives USD 600 million investment from Bodhi Tree Systems
Kota, India-based test preparation firm Allen Career Institute received USD 600 million investment from Bodhi Tree System. The round took place on May 1, 2022. Uday Shankar and James Murdoch-led Bodhi Tree Systems agreed to acquire a significant minority stake in Allen. Purpose of Investment in Allen The strategic partnership and subsequent investment will help Allen to expand its offerings. Allen...
New York-based startup Movable Ink raises US $55 million in Series D Funding
Following a year of record growth, Movable Ink, the premier content personalization service, announced that it has raised US $55 million in Series D fundraising on April 28th, 2022. Existing investors such as Contour Venture Partners, Intel Capital, and others joined Silver Lake Waterman in leading the round. With this latest round of funding, Movable Ink has raised US$97...
