Investment

Eduvanz Raises $10 Million in Debt Funding

Eduvanz Raises $10 Million in Debt Funding

Eduvanz, a Non-banking Finance Company (NBFC) that enables students to Study Now, Pay Later at 0% interest rates has raised $10 million in debt funding from multiple financial institutions including InCred Financial Services, Vivriti Capital, and Northern Arc Capital. Eduvanz aims at changing the way India pays for education by enabling learners to apply for low-cost loans via its digital platform. It has already enabled more than 25,000 learners and has disbursed loans worth Rs 300 crore. During the period of April 2020 to December 2020 when the pandemic hit the unique customer base of Eduvanz grew by four times and monthly disbursal of loans grew up three times. Says Varun Chopra, CEO, and Co-Founder…
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TenderCuts Raises $15 Mn Led by Paragon Partners and NABVENTURES

TenderCuts Raises $15 Mn Led by Paragon Partners and NABVENTURES

TenderCuts, the omnichannel meat & seafood brand today announced that they have raised INR 110 crore (USD 15 million) in a round led by Paragon Partners, a mid-market PE fund founded by Siddharth Parekh and Sumeet Nindrajog with participation from NABVENTURES, a leading agri-food tech VC fund backed by NABARD. The funding will allow TenderCuts to expand its current operations and pursue organic and inorganic growth opportunities. The funds will also allow the company to invest in scaling up its supply chain and technology infrastructure to support innovation and accessibility of its products and services. Founded in 2016 by Nishanth…
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MediBuddy Closes $40 Mn in Series B Round

MediBuddy, a digital healthcare platform, announced the closure of its $40 million Series B round. This follows the recent infusion of $20 million led by India Life Sciences Fund III, LLC, with participation from other investors. The digital healthcare platform had earlier announced an initial funding of $20 million (INR 150 crores) in June 2020 under this round. MediBuddy is led by co-founders Mr. Satish Kannan & Mr. Enbasekar as the CEO and the CTO respectively.  In June 2020, to create market leadership in the digital healthcare industry, DocsApp (India’s leading online doctor consultation platform) merged with MediBuddy and has…
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Sterlite Power Raises INR 200 Cr from Allianz Global Investors

Sterlite Power Raises INR 200 Cr from Allianz Global Investors

Sterlite Power, a leading global power transmission player, announced today that it has raised INR 200 crore in debt financing from Allianz Global Investors (Allianz GI) - one of the world’s leading investment managers with focus on sustainable investments. This transaction is one of the first infrastructure sector financing deals for Allianz GI in India. The INR 200 crore facility from Allianz GI has been raised as a non-convertible debenture with a three-year tenure and is part of the larger refinancing exercise undertaken by Sterlite Power to reduce its holding company borrowings. Sterlite Power is increasingly focused on integrating renewable energy (RE) to the grid.…
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Jumbotail Raises $14.2 Mn in Series B3 Round Led by VII Ventures

Jumbotail Raises $14.2 Mn in Series B3 Round Led by VII Ventures

Jumbotail, a new retail platform and B2B marketplace for food and grocery products, has raised $14.2 million Series B3 round of funding led by VII Ventures with participation from Nutresa, Veronorte, Jumbofund, Klinkert Investment Trust, Peter Crosby Trust, Nexus Venture Partners, Discovery Ventures, and a group of HNIs and industry leaders. This round comes in quick succession after a $11M Series B2 round raised in October 2020, bringing the total funds raised by the company to $54mn. Ashish Jhina, Co-founder, Jumbotail, said, “Jumbotail is at an inflection point in its growth trajectory. We are seeing tremendous interest from investors across the globe who…
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Practically Raises $4 Million in pre-Series B Round

Practically Raises $4 Million in pre-Series B Round

Mumbai, Jan. 05, 2021: Practically, a product of 3rdFlix Visual Effects Pvt Ltd, announced that it has raised $4 Million in a pre-Series B round. The round was led by Siana Capital, a deep tech investor, with participation from existing investors YourNest Venture Capital and Exfinity Ventures. The company had previously raised Series A funding of $5 Million in 2019. The funds will be invested in expanding the operations of Practically.  The Practically School Solution, a B2B2C offering, gives schools and its teachers access to the Practically teacher app FREE of cost. Teachers can access 3000+ videos and 1000+ Simulations/AR and features…
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Legalwiz.in Raises Rs 3.8 CR Funding from ContCentric

Legalwiz.in Raises Rs 3.8 CR Funding from ContCentric

Ahmedabad, Jan. 05, 2021: Legalwiz.in, Gujarat-based LegalTech firm, today announced that it has raised Rs 3.8 crores of funding from ContCentric IT Services Private Limited, an enterprise content management company. Started in April 2016 to cater to StartUps & SMEs, Legalwiz.in enables legal, financial, corporate & taxation compliances. Speaking on the occasion, Mr Shrijay Sheth, Founder – Legalwiz.in, said, “We are excited about the funding from ContCentric because it will help to optimize Legalwiz.in performance and create new avenues for delivering greater value. It is a strategic funding against Technology roadmap for Legalwiz.in. This dovetails with our founding credo of Simple – Affordable…
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CoinDCX Raises $13.9 Mn in Series B Funding Round

CoinDCX Raises $13.9 Mn in Series B Funding Round

New Delhi, Dec. 22, 2020: CoinDCX, an Indian cryptocurrency exchange, raised Rs 100 crore ($13.9 million) from eminent investors, including returning investors from previous rounds. The series B round was led by Block.one and included DG, Jump Capital, Uncorrelated Ventures, Coinbase Ventures, Polychain Capital, Mehta Ventures and Alex Pack. This makes for the third round of funding for CoinDCX in 2020. In March 2020, CoinDCX raised Series A funding worth $3 million from companies such as Polychain Capital, Bain Ventures and Bitmex. In May 2020, the exchange raised $2.5 million in a strategic round from the above companies as well as…
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HappyLocate Raises Rs 4.4 Crore in Pre Series A Round

Delhi, Dec. 03, 2020: HappyLocate, a Bangalore-based Relocation Platform has raised INR 4.4 Cr in Pre-series A round led by Inflection Point Ventures and participation from VM Ventures. The funds raised will be directed towards scaling up their operations, technological upgradation, better market penetration and service expansion.  HappyLocate facilitates personal and commercial shifting across 15K+ pin codes in India and has been the most sought-after moving solution for corporates. It also features industry-exclusive AI-based relocation management platform, that enables large organizations to automate and manage their employee relocations end-to-end. Relocation ecosystem of India has always been a tricky one. While the…
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Signzy Raises an Additional US$ 3M from Vertex Ventures

Bangalore, Dec. 2, 2020: No code AI platform Signzy announced today that it has raised an additional US$ 3M from Vertex Ventures, taking its latest round of fundraising to $8.4M in total. Signzy announced last month that it raised US$5.4M in a financing round led by Arkam Ventures and Mastercard. Signzy’s existing investors, Kalaari Capital and Stellaris Venture Partners also participated in the round. Signzy offers a ‘no code AI platform’ that helps financial service companies automate risk and compliance processes. The company plans to invest in strengthening its AI platform and expanding its global sales team in order to serve the rapidly growing demand for…
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