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.
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...
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.
HealthTech startup Practo has raised $32 million in a Series D round to expand its digital healthcare services. Practo aims to use the funds for technological advancements and broadening its range of offerings. The investment was led by private equity firm AIA Group, along with some existing investors. Practo has plans to enhance its telemedicine capabilities and foster greater accessibility to healthcare.
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.
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.
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.
During the week, 24 Indian startups raised around $228.79 million in funding. These deals count 6 growth-stage deals and 13 early-stage deals while 5 startups kept their transaction details undisclosed. During the last week, 26 early and growth-stage startups cumulatively raised $421.29 million in funding. [Growth-stage deals] Among the growth-stage deals, 6 startups raised $182.65 million in funding this week....
Nykaa, a fashion e-commerce platform, raised $25 million in a new funding round led by Steadview Capital. The investment will fuel its growth plans and enhance customer experience initiatives.
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.
DeHaat, an agritech platform, raised $30 million to boost its technology and services for farmers. The company plans to expand its reach and enhance its digital capabilities.