Page 2 - Series A Funding

Repos Energy to raise Rs 100-300 cr in Series A funding by June next year

Energy distribution startup Repos Energy plans to raise Rs 100-300 crore in Series A funding round for building technology and enhancing geographical reach, its co-founder Aditi Bhonsale Walunj has said. The company is expecting to raise the capital in the next 6-8 months, and is in discussion with various investors including private equity as well VC investors, she said. The Pune-based firm, a supplier of diesel-dispensing browser for door-step delivery to commercial buyers for fuel, has raised Rs 50-60 crore so far in both equity and debt, Walunj said. Going ahead we are planning to raise around Rs 100-300 crore in our Series A round depending upon the right valuation that we get and the requirement at that time, Walunj said. She said the capital raise could come from VCs, PE funds, HNIs or through a strategic partnership and the talks are going on with all of them. The funds are going to be utilised primarily for expansion of geographical reach along with building technology

Flash.co raises $6.7 mn in Pre-Series A round led by Blume Ventures

This latest funding round takes Flash.co's total funding to $12.5 million, empowering them to further establish Flash.co as the premier lifestyle app for power shoppers

Qube Health raises Rs 25 cr in pre-series-A round at Rs 200 cr valuation

Healthcare payments startup Qube Health has raised Rs 25 crore in a pre-series-A round from its existing investors Inflection Point Ventures and Green Ivy Ventures, and a few family office investors, at a valuation of Rs 200 crore. Qube offers a payment system and healthcare credit line to employees of corporates that sign up. Its offer comes as a complement to the group health insurance policy provided by employers and also helps a person from out-of-pocket medical bills or those not fully covered by the health coverage, to paying non-cashless bill payments. Its customers can borrow and pay from a pre-assigned credit limit within one year with no interest or fees. While the credit line is free for employees, it charges a subscription fee from employers on behalf of the employee. The AI-driven healthtech platform has already aggregated over 11,000 hospitals and clinics, and partners with insuretechs, insurance companies, insurance brokers, e-pharmacy chains and others within the ...

EV firm Oben raises Rs 40 cr in pre-Series A, will start deliveries in July

EV startup Oben Electric on Tuesday said it has raised Rs 40 crore in an extended pre-series A round and also announced it will start delivering its electric motorcycle Rorr to customers in Bengaluru from next month. The company has so far secured a total funding of Rs 88 crore, including Rs 72 crore (both in equity and debt) in the pre-Series A round, Oben said in a statement. The capital infusion will help the company in scaling up its production capacity at the Bengaluru facility to 100,000 units per year as well as meet the working capital requirements for distribution expansion, it said. The Bengaluru-based EV startup which has a distribution network across major cities in the country, plans to meet the demand of 21,000 pre-orders by scaling up its manufacturing capacity, the company said. The funding round attracted both Institutional investors such as Stride Ventures and Indian Renewable Energy Development Agency (IREDA), along with new investors including Mumbai Angels and

Consumer lending platform Niro raises Series A funding of Rs 90 crore

Niro aims to empower consumer internet platforms to become providers of credit (and other financial) products for their consumers

Ayurveda firm TAC raises Rs 100 cr in funding for business expansion

Company will use money for manufacturing, research, expanding offline presence

Logistics management firm Locad raises $11 million in Series-A funding

Locad's logistics engine works with brands such as Levi's, Reckitt Benckiser, and Emma Sleep

B2B wholesale platform ApnaKlub raises $16 mn in Series A funding round

The funds will be used to enhance a digital platform for kirana store owners and wholesalers in tier-2 and tier-3 cities to purchase goods and service

SaaS firm Prismforce raises $13.6 mn in funding for business expansion

The Mumbai-based company enables IT companies to build supply chains, deliver projects

Healthtech start-up BeatO raises $33 mn in Series B from Lightrock

Firm provides affordable diabetes care with a focus on people who don't have access to specialists

Revfin raises $10 mn in series A funding from Green Frontier Capital

Revfin plans to use the funds to expand its geographical footprint to 25 states and capture over 10 per cent national market share of financed electric three-wheelers

D2C footwear start-up Yoho raises Rs 20 cr in pre-series A funding

Funds will be used by the company to create capabilities for new product propositions and sustainable manufacturing standards

Daalchini Technologies raises $4 mn Series A led by Unicorn India Ventures

Other participants in the round include Artha Venture Fund, former Dominos India CEO Ajay Kaul, and VSS Investco (investment vertical of Paytm CEO Vijay Shekhar Sharma)

Fintech platform GroMo raises $11mn in series A led by SIG Venture Capital

Other investors include Y-Combinator, Das Capital, Goodwater Capital, Beyond Next Ventures, Soma Capital, Ace & Company, Hauz Khas Ventures and a host of angels

Wealth management platform Dezerv raises $21mn in series A led by Accel

Dezerv was founded in 2021 by Sandeep Jethwani, Vaibhav Porwal and Sahil Contractor and so far seen more than Rs 800 crore invested through the platform

EV firm River gets $11 mn in funding to set up manufacturing plant

Uber and Twitter investor Chris Sacca's fund backs Bengaluru-based company preparing its first electric scooter

Edtech startup Creative Galileo raises $7.5 million in Series A funding

The latest round brings Creative Galileo's total funding to $10 million, including a pre-series A round of $ 2.5 million announced in October 2021

FitterFly raises $12 mn in series A funding led by Amazon Smbhav, Fireside

The funds raised will be used to increase Diabefly's reach, their digital therapeutics and clinically-proven programme to prevent, manage and reverse diabetes

Aerem raises $2.5mn in pre-series A funding led by Blume Ventures

Aerem was founded in 2021 by Anand Jain who comes with a strong background in both financial services and solar

Auto service firm GoMechanic launches Rs 30 cr partner stock option scheme

Programme, which covers workshops, retailers, distributors and consultants pan-India, will have a 4-year vesting duration with yearly vesting at 25% and a cliff period of a year