Startup’s Funding this week || wk 34,2021

FinTech funding’s 

1-Education loan provider Eduvanz said it has raised Rs 100 crore in a Series B funding round led by Juvo Ventures, Sequoia Capital India, and Unitus Ventures among others.

The startup plans to use the funds raised to launch new products and for expansion. The fresh infusion of capital will also be used to further build its IT infrastructure, artificial intelligence and machine learning capabilities for risk assessment along with hiring of team members across distribution, .institute partnerships, technology and operations,

2-Wealth management company Smallcase has raised $40 million in its Series C round led by Faering Capital with participation from new investors, Amazon and Premji Invest. Existing backers including Sequoia Capital, Blume Ventures, Beenext, DSP Group, Arkam Ventures, WEH Ventures and HDFC Bank also participated in the round.

The fresh fundraise has come within a year for the Bengaluru-based startup which picked up a $12 million Series B in September last year. 

3- Revenue based financing platform, Klub, has raised $20 million as a part of its new funding from investors US-based Alter Global and Japan-based GMO VenturePartners. 

The round also saw participation from existing investors  9 Unicorns, and Sequoia Capital India’s accelerator program, Surge. 

4- Fintech startup YPay on Monday said it raised a bridge round of $400,000 led by We Founder Circle (WFC).

The bridge round also saw participation from marquee investors, including Amit Tyagi, Gaurav Juneja, Ravi Gupta (Founder, Safexpay), and a senior CXO, Pragatii Bhargava. 

EdTech funding’s 

1- Executive education platform Eruditus has raised $650 million as part of its latest Series E funding round led by Accel US and SoftBank Vision Fund II, valuing the startup at $3.2 billion, the company said on Thursday.

2- Yellow Class, an education technology startup focused on children’s extracurricular activities, has raised $6 million in a Series A funding round led by Elevation Capital. A clutch of angel investors— including Meesho’s cofounder Vidit Aatrey and PropTiger CEO Dhruv Agarwala—and existing investors India Quotient, Titan Capital & First Cheque participated in the fundraise.

3- JUNO, a software company that connects and educates people in virtual environments year-round, has secured $3.5 million in seed funding to expand its all-in-one platform for digital engagement.”With this funding JUNO can expand its offering to include more AI-powered, collaborative learning experiences and present more impactful data analysis to help organizations maximize participation and results,

4- Expertrons, a professional growth focussed AI video bot startup, has raised $2.3 million in Pre-Series A funding from Venture Catalysts, Auxano Capital, Venture Garage, Yoga Capital, Ah!Ventures, Lead Angels, and Hyderabad Angels.  

5- SuperLearn, an after-school learning platform for children, has announced a pre-seed funding round of $300,000 from early stage Japanese VC Incubate Fund and five angel investors, including Vishal Bharghav, Padmanabhan Thangarajan, Anuraag Gupta, and Karan Talwar.

 Artificial Intelligence funding’s

1- Agritech startup, AgNext Technologies, on Thursday said that it has raised $21 million as a part of its Series A funding round led by Alpha Wave Incubation (AWI) fund, 

Existing investors including Omnivore and Kalaari Capital also participated as a part of  the Series A round.

2-, a Palo Alto, CA-based conversational AI company, raised $14m in funding.

Fractal made the investment.

The company intends to use the funds to scale and expand its presence across Fractal’s clients globally and strengthen its conversational AI offerings.

3- Gyde, a Pune-based startup that has built a set of AI-based tools to educate software application users to drive actions for better on-boarding, adoption, engagement, and customer success, on Thursday raised $250,000 in seed funding from Better Capital and Ashish Achrekar, CEO of Rica Analytics Inc.

Iot funding 

SaaS startup Postman has raised $225 million in a new funding round led by existing investor Insight Partners along with participation of new backers such as Coatue, storied Silicon Valley investor Mary Meeker’s Bond Capital and Battery Ventures. The company is now valued at $5.6 billion. This makes the seven-year-old startup the most valued software-as-a-service firm from India,

Delhi-based IoT communications and data analytics startup Probus Smart Things, focused on smart grid applications, has raised $500,000 in a bridge round led by Unicorn India Ventures. The round also saw participation from angels like Anuj Khanna of Trimaster, Kiran Alla, Theia Ventures, Devdutt Shah, Kuntesh Chandaria, Urmin Group and Anmol Rastogi.

Metabolic fitness startup, Ultrahuman, on Tuesday said it has raised $17.5 million as a part of its Series B funding from Alpha Wave Incubation (AWI), Steadview Capital, Nexus Venture Partners, Blume Ventures and Utsav Somani’s iSeed fund.

Blockchain Startups

1-Salesforce Ventures, the venture capital arm of the American CRM giant, has led a $6.7 million (about Rs 50 crore) Series A funding round in Hashnode which is a platform for software development, engineering and technology content.

Written by Srikanth

Passionate Tech Blogger on Emerging Technologies, which brings revolutionary changes to the People life.., Interested to explore latest Gadgets, Saas Programs

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