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.
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.
Mobile Premier League (MPL), an online gaming platform, raised $95 million in a new funding round. This investment will support product development and market expansion strategies.
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....
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.
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.
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.
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.
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.
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.
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.