Cred, the Indian fintech company focused on credit card rewards, has raised $215 million in a Series D funding round. The latest investment brings the company's valuation to $2.2 billion. The new funding will help Cred improve its financial services and expand its user base. The round was led by Falcon Edge Capital, with participation from Coatue Management LLP.
Fractal Analytics, specializing in artificial intelligence, has secured $360 million in its latest funding round. The funds will be used for scaling operations and accelerating innovation in AI solutions.
Meesho, the social commerce platform, has secured $300 million in a funding round led by SoftBank Vision Fund 2. The investment boosts Meesho's valuation to $2.1 billion, cementing its position in the market. The funds will aid Meesho in expanding its geographical reach and improving its product suite. The platform aims to support small businesses and entrepreneurs across India.
ReNew Power, a renewable energy company, has garnered $150 million in fresh funding. The proceeds will be used for expanding its green energy projects and enhancing sustainability efforts.
The platform plans to invest in 30 – 40 early-stage startups from seed to Series A, with an average investment size of Rs 1.5 crore - Rs 4 crore. It has already invested in four startups, including Rosh.ai, Zippee, Pantherun, and NymbleUp, the company said in a statement. The startup will use the funds to expand its services, enhance technology, grow its team, and increase its reach. it said in a statement. LISSUN employs...
Ninjacart has secured $50 million in a recent funding round led by Flipkart and Walmart. The funds will be used to streamline its supply chain and expand into new markets.
Delhivery, a logistics start-up, raised $125 million to improve its delivery and supply chain capabilities. This capital will assist in expanding its logistics network and technological advancements.
BYJU'S, the leading EdTech company in India, has secured $200 million in a new funding round. The capital infusion aims to enhance the company's product portfolio and expand its market presence. The investment round was led by existing investors, showing continued confidence in BYJU'S growth potential. This funding will also support technological advancements and strategic acquisitions.
BharatPe, a fintech platform, has raised $90 million in a Series C funding round. The investment will fuel its rapid expansion plans and bolster its financial services ecosystem.
Unacademy, an Indian edtech firm, recently raised $120 million in a fresh funding round led by SoftBank. This infusion is expected to enhance the company's content and expand its global footprint.
DeHaat, an agritech startup, has garnered $115 million in a Series D round to enhance its technology platform and expand its farmer network. The round was led by Sofina and Lightrock India. The company plans to use the funding to scale its operations and invest in new technological solutions. DeHaat aims to support over five million farmers by 2024 with this fresh influx of capital.