Edtech Startup SuperLearn Shuts Down its Operations

On June 22nd, 2022, SuperLearn became the latest edtech startup to shut down its operations. Co-founder Kunal Bhatia took to Linkedin to announce the news. SuperLearn will also return investors' money following its closure. After the pandemic, the reopening of schools has had a massive effect on the edtech players.  Why SuperLearn has to shut down Owing to the lack of...

India-based Sales automation startup LeadSquared raises USD 153 million in Series C

LeadSquared, a Bengaluru-based provider of sales automation software as a service (SaaS), has become a unicorn club member after raising USD 153 million from WestBridge Capital as part of its Series C fundraising round on June 21st, 2022. Even as worries about funding and the increasing number of industry layoffs grow, the business is the 103rd startup in India to...

India-based B2B credit infrastructure startup Finbox raises USD 15 million in Series A

A91 Partners, Aditya Birla Ventures, and Flipkart Ventures joined forces to lead a USD 15 million (Rs 115 crore) Series A round of funding for Bengaluru-based B2B credit infrastructure startup FinBox on June 20th, 2022. Arali Ventures, an existing investor, also took part in the round. By raising this money, FinBox would be able to offer credit worth more than...

AlphaSense Raises USD 225 million in Series D Funding 

New York-based market intelligence and search platform AlphaSense raised USD 225 million in Series D Funding. The round took place on June 17, 2022. Growth Equity business within Goldman Sachs Asset Management (Goldman Sachs) and Viking Global Investors co-led the funding for AlphaSense. The latest round includes a debt investment from funds and/or accounts managed by BlackRock earlier this...

Shiprocket Acquires Majority Stake in Pickrr for USD 200 million

Delhi, India-based tech-enabled logistics solutions company Shiprocket acquired a majority stake in Pickrr on June 15, 2022. Pickrr, a rival company for Shiprocket, is also a Delhi-based e-commerce SaaS platform for D2C brands and SMEs e-tailers. The acquisition cost Shiprocket roughly USD 200 million. The transaction is a mix of cash, equity as well as earn-out.  Purpose of Acquisition by Shiprocket The...

Prague-based grocery delivery startup Rohlik raises USD 231 million in Series D

On June 17th, 2022, Rohlik, a Prague-based online grocery delivery firm with over a million users, raised €220 million (USD 231 million) in a Series D funding round, which it would use to continue investing in its current markets and expansion. Index Ventures, the company's founder Tomáš Čupr, and other investors also participated in this fundraising round, which newcomer investor...

Bangladesh-based startup Doctor Koi raises USD 500K in seed funding

Proximie secures US$ 38 million

On June 16th, 2022, Doctor Koi, a health technology firm in Bangladesh, raised USD 500K in seed funding from Verge Healthtech Firm, an early-stage venture capital fund for health technology. With the help of its startup finance, Doctor Koi plans to expand its customer base in Bangladesh and create additional services with added value. Ten thousand more doctors will access...

San Francisco-based startup PredictSpring raises USD 16 million in Series B round

PredictSpring, a pioneer in omnichannel commerce and cutting-edge POS technology, announced the closing of a USD 16 million Series B round of fundraising on 15th June 2022, bringing its total funding to date to USD 32 million. Current investors Salesforce Ventures, Felicis, and Novel TMT Ventures participated in the round. With the additional capital, PredictSpring plans to expand its...

Israeli-based Cybersecurity startup Jit raises USD 38.5 million in Seed funding

On June 15, 2022, Boldstart Ventures, Insight Partners, Tiger Global Management, and strategic angel investors led a USD 38.5 million seed investment round for the cybersecurity firm Jit.io, which makes product security accessible to cloud-based application developers. What the founder has to say: Founding Co-CEO Tsahy Shapsa: "We gave consideration to the crisis. We are creating a business that is transforming a...

Maruti Suzuki Invests USD 2.6 million in Sociograph Solutions

India's largest car manufacturing company Maruti Suzuki India invested INR 2 crore (approximately USD 2.6 million) in Sociograph Solutions. The announcement came on June 17, 2022. Sociograph Solutions Pvt Ltd. (SSPL) is Bangalore, India-based startup that specializes in artificial intelligence.  Purpose of Investment by Maruti Suzuki With the recent investment, Maruti Suzuki will get access to the Visual Artificial Intelligence (AI)...