Indian sports brand-Elevar raises US$ 2.6 million in Series A funding
Elevar, a Mumbai-based direct-to-consumer sports brand, has secured a fundraise of US$ 2.6 million (INR 19 Crore) in Series A funding led by Kalaari Capital and participation from Dream Capital, on August 30 2021. Elevar will utilise the funds to expand its product portfolio, increase its marketing efforts, and build its team. What the founders have to say Kunal Joshi, the...
Top 10 B2B startups in Indonesia
The Indonesian economy has the largest GDP in the South-East Asian region, estimated to be around US$1,580 billion in 2022. The B2C segment, representing nearly 26.4%, contributes 35.8% of the total eCommerce market size, according to BusinessWire. Here are the Top 10 B2B startups in Indonesia: 10. Tjetak Founder: Anggara Pranaspati, Hasandi Patriawan and Raffisal DamanhuriFounding Year: 2018 Headquarters: Jakarta Pusat, Jakarta Raya,...
Deep Dive: Snap Inc
Snap Inc, the parent company of Snapchat, which was under the shadow of social media giants has made quite a turnaround in recent times. So what led to Snap’s meteoric rise?
US-based firm Whoop secures US$ 200M in Series F funding
Whoop, a US-based company, offering fitness tracking services to athletes to aid them in enhancing their performance, has bagged US$ 200 million in a Series F funding led by SoftBank Vision Fund on 30 August 2021. Investors: The latest funding round featured SoftBank Vision Fund as the lead investor with participation from Thursday Ventures, NextView Ventures, IVP (Institutional Venture Partners), GP...
Factors.AI secures USD 2 Million in a seed round
30. August.2021 - Factors.AI a US and Bengaluru-based B2B SaaS startup, announced that it raised USD 2 Million in a Seed funding round. This round was co-led by Emergent Ventures and Elevation Partners. The participants of this round were angel investors - Abhay Singhal, Mohit Saxena, Piyush Shah, Naveen Tiwari, Amit Gupta; Founder of InMobi, Amit Gupta; Krish Subramanian and...
Indian edtech startup Camp K12 bags US$ 12 million in Series A funding
Camp K12, a Haryana-based e-learning platform, has raised US$ 12 million in a Series A funding round held on August 26 2021. Co-led by Matrix Partners India and Elevation Capital, it stands with a total valuation of US$ 16 million. The startup is working on intending to create a global online school for 21st-century skills. Fund Utilisation The capital acquired from...
Singapore-based healthcare startup Intellect rakes in US$ 2.2 million in seed funding
Intellect, a Singapore-based startup, has secured a fundraise of US$ 2.2 million in a seed funding round led by Insignia Venture Partners. The financing round held on August 25 2021, also witnessed the partook of Y Combinator, XA Network and angel investors like Rainforest co-founder J.J. Chai; Prenetics and CircleDNA founder Danny Yeung; and Gilberto Gaeta, Google’s director of...
Top 10 SaaS startups in South Korea
The South Korean market of cloud computing experienced strong double-digit growth between the years 2015-2020. Cloud computing facilitates on-demand delivery of computing services mainly on a payment basis or over the internet. This service primarily offers three types of cloud services, including Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS), and Software-as-a-Service (SaaS). In South Korea, the expanding upgrades of pre-owned data centres with cloud...
UK-based Infotech startup Reath bags US$ 430k in Pre-seed funding
Based in Edinburg, Reath is a startup working towards creating a digital infrastructure for reusable packaging. It has secured a fundraise of nearly US$ 430K in a pre-seed funding round on August 25 2021, led by the early-stage VC firm Techstart and CVC Philanthropy, the impact investment arm of CVC Private Equity. Fund Utilisation Set to undertake pollution produced by everyday...
US-based Trove closes its Series D round with 77.5 Million
27. August.2021 - The United States-based Trove, a market leader for recommerce, announced that it raised USD 77.5 Million in a Series D funding round. This round brings the total funding of the company to USD 122.5 Million. This Series D round was led by G2 Venture Partners and was participated by Capital One Ventures, Wellington Management Bank of Montreal,...
