Fintech-startup Money View raises USD 75 million in Series D round
Bangalore, India-based online lending platform Money View raised USD 75 million on March 9, 2022. The Series D round saw participation from both the existing and the new investors. Moscow-based Winter Capital and Evolvence India joined on-board as Money View's new investors. The existing investors, i.e. Tiger Global and Accel, also invested in the Series D round. Other investors, including...
Health-Based startup DeepTek raises USD 10 million in Series A round
In the Series A round, Pune-based health-tech startup DeepTek raised USD 10 million (INR 77 crore) on March 7, 2022. The funding came from Tata Capital Healthcare Fund II (TCHF II) and other investors. In addition, Pune-based Pentathlon Ventures and Gurgaon-based GHV participated in the round. DeepTek's Utilization of Funds- The fresh capital will allow the firm to invest in further global...
Electric scooter startup Yulu to raise USD 100 million Funding
Bangalore-headquartered electric two-wheeler startup Yulu is eyeing to raise USD 100 million on March 7, 2022. The fresh funding round will see the participation of both new and existing investors. To date, the company has raised USD 30 million via equity capital. Yulu eyes USD 100 million in a combination of equity and debt to accelerate its growth. Yulu's Purpose for...
Lies, Deceit, and the Silicon Valley: Theranos and Nikola
Theranos and Nikola, which were worth US$9 billion and US$34 billion, at their peak, respectively, have turned out to be era-defining scams that have sent shockwaves among the investor community and have laid bare the repercussions of Silicon Valley’s “fake it till you make it” culture.
Indian fintech CredAvenue raises US $137 million in Series B to become a Unicorn
CredAvenue the Indian-based fintech startup raised US $137 million for its Series B funding on 6th March 2022. According to the company, Insight Partners, B Capital Group, and Dragoneer led the US $137 million Series B financing round for the two-year-old startup. CredAvenue, co-founded by Vivriti Capital co-founder Gaurav Kumar, is now valued at US $1.3 billion, up from US...
Ghana-based fintech startup Dash raises US $32.8 million in seed funding
The app for unified payments Dash has raised US $32.8 million in a seed round that was oversubscribed on 7th march 2022. Dash's seed round, headed by Insight Partners, a New York-based private equity and venture capital firm, is one of the largest of its kind in Africa; only PalmPay's US $40 million now beats it. The transaction, which follows...
Fintech-based startup Junio raises USD 6 million in Pre-Series A round
In pre-series A round, Delhi-based fintech startup Junio raised USD 6 million on March 4, 2022. Junio is India's first kid-focused digital payment and pocket money application. The funding came from UAE-based firm NB Ventures. It also saw significant participation from the Rajiv Dadlani Group. Junio's Utilization of Funds The company plans to utilise the fresh capital for bolstering its team...
Agri-tech startup Otipy raises USD 32 million in Series B Funding
Agri-tech startup Otipy raised USD 32 million (INR 235 Crore) in a Series B round on March 7, 2022. Existing investor Westbridge Capital led the round. Besides, SIG and Omidyar Network India participated in the funding. Otipy is a Gurguram-based startup that sells fruits and vegetables via its mobile app. Otipy's Purpose for Funding The funding from the Series B round will...
leap.club launches ‘the table’ a stage fund dedicated solely to women-led startups
leap.club, a women-focused social network, has launched 'the table,' a venture fund to promote female-led enterprises. In collaboration with AngelList, the early-stage fund will work with 10-15 early-stage startups over the next 12 months, writing checks ranging from US $50,000 to US $500,000. Among those joining the syndicate are Ghazal Alagh, co-founder and CEO of Mamaearth; Ankur Warikoo, angel investor...
Boston-based AI startup Juli raises US $3.8 million in seed funding
Juli, an AI-powered digital health platform that empowers patients and their care teams to manage complicated chronic illnesses, revealed on March 3rd, 2022, that it had raised US$3.8 million in a preliminary fundraising round. Speedinvest is one of Europe's most active early-stage venture capital firms, and Norrsken VC, a fund that invests in entrepreneurs that solve the world's most pressing...
