The world is gradually coming out of the COVID-19, which had affected the health and economy. Businesses are slowly picking up the pace after a long halt occurred because of the pandemic. Many startups incurred huge losses, but it proved to be a wonderful month for a few of them. In the past week, around 18 startups secured funding. KreditBee raised the highest funding of about $75 million followed by Shiprocket which raised $27 million.
Below is the detailed funding galore that happened in the month of Feb.
KreditBee:
Bengaluru-based Digital Lending Start-up KreditBee has successfully secured $75 million from Premji invest Mirae Asset Naver Asia Growth Fund and others in its Series C round. It further stated that the funds will expand its loan product and strengthening its technology stack.
Shiprocket:
Shiprocket New Delhi-based logistics aggregator has raised $27 million led by US-based venture capitalists Tribe Capital and March Capital.
1Kosmos:
1Kosmos the cybersecurity solution to provide digital identity proofing and passwordless authentication raised $15 million from ForgePoint Capital. Forge point focuses on building a next-generation company that protects the digital world
Zolve:
TaxiForSure Cofounders new start-up Zolve a neo banking platform raised $15 million in seed funding from Accel and Lightspeed.
Zomentum:
San Francisco and Bengaluru-based sales tech platform Zomentum secured $13 million led by Greenoaks Capital and Accel Elevation Capital. Zomentum will use the funds for product enhancement, in expanding the business geographically along with growing sales team.
Vogo:
Bengaluru-based bike rental startup Vogo has secured $11.5 million from Lightrock, Kalaari, Matrix Partners, and Stellaris Venture Partners
Leverage Edu:
Leverage Edu a college admission platform has raised $6.5 million in series A funding. The funding was led by Tomorrow Capital, an investment firm, and other investors from Blume Ventures and DSG Consumer Partners.
Lilac Insights:
Lilac Insights a genetic diagnostic Laboratory has secured $6.88 million from various investors for expansion activities. Rajiv Dadlani, Allana Group, and others led the round. Its co-founder stated in a press release that he is confident of taking the revenue up to Rs 300 crore in the future.
Eupheus Learning:
A B2B ed-tech Delhi-based company has raised $4.1 million in Series B funding. The round was led by United Education Company UEC, one of Kuwait’s leading companies in the education sector. Eupheus stated they will use the funds for expansion in domestic markets, majorly in-home learning solutions.
Marquee Equity:
Marquee Equity is a Delhi-based SaaS platform that has raised $3.8 million for an undisclosed US-based fintech client from Capital One, SignalFire, and others. It has created over 900 fundraises across the globe.
Pariksha:
A Pune-based EdTech startup Pariksha has raised $2 million in pre-series A funding. The round was led by Bharat Inclusion Seed Fund and others.
Uptime AI:
Uptime AI, an artificial intelligence startup, has raised $1.5 million in a seed funding round from YourNest Venture Capital and other angel investors.
eBikeGo:
eBilkeGo an Amritsar-based EV logistics platform has raised $1.5 million in pre-A series round from a group of overseas and Indian investors.
Express Stores:
Express Stores a technology-based omnichannel Kirana store chain has secured $1.1 million in seed funding. The round was led by early-stage investors Venture Highway.
Pencil:
Pencil a content publishing platform has successfully raised $1 million in a pre-series A funding round. The United States venture SOSV led the rounds.
WizKlub:
A Bengaluru-based ed-tech startup WizKlub has secured a pre-Series A funding of $0.82 million led by Incubate Fund India. It states that the funds would speed up its growth and run rate.
ICS Career GPS:
ICS Career GPS, a mobile app for providing online guidance for students and professionals has raised $0.4 million in an angel fund round led by Aurangabad-based Bagla Group. The funds will help ICS Career GPS to enlarge its presence across new markets.
MediBuddy(Debt Funding):
MediBuddy a Digital healthcare platform based in Bangalore has raised a $3.2 million debt fund from venture debt firm InnoVen Capital. It is now more equipped to serve more customers. It has also announced a merger with DocsApp, which is an online doctor consultation platform.
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