Brevitty

Your friendly startup neighbourhood !!

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- Electric two-wheeler startup @YuluBike plans to raise $100 million in a combination of equity and debt to help accelerate growth. It has so far raised $30 million in equity capital.

Src : @EconomicTimes

[Brevitty @_Brevitty]

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https://t.co/vYKLgTFkqo

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- B2B automation platform @Jiffyai has raised $53 million in its Series B round led by Eight Roads Ventures.

#Jiffyai #Startups #Funding #Brevitty

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More details at :

https://t.co/ZegycBZAFl

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- Ed-tech firm Scaler has acquired online learning platform AppliedRoots for $50 million in a cash and stock deal.

Src : @Entrackr

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- Fashion and lifestyle supply chain platform @Locofast2 raises $15 million led by Stellaris and Chiratae ventures, with debt from Stride ventures and Blacksoil Capitals.

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Anand Mahindra-led Mahindra Logistics Limited (MLL) has acquired a 60% stake in a Telangana-based logistics service startup Whizzard for INR 72 Cr.

Src : @Inc42

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Read more at:
https://t.co/2VflYH39dp

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https://t.co/8h2yuwvlUC, an AI-driven music tech startup, has raised $1 million in its seed round led by Redstart Labs and UK-based Entrepreneur First.

Src : @entrackr

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#Prozo, a full-stack supply chain, warehousing, and logistics startup, has raised $10 million in its Series-A round.

The funds will be used to expand warehousing and fulfillment footprint, client base, and technology and analytics capability.

Src - @entrackr

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- Microblogging platform Koo raises around $10 million from multiple investors.

- Koo has plans to venture into new markets like Indonesia, Malaysia, and the Philipines.

- Src:@Inc42

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Mumbai-based open finance B2B ecosystem enabler #Upswing raises $4 million from a clutch of fintech founders.

The company plans to use the funds to help fintechs and consumer tech players offer financial services by building plug-and-play platforms for open finance.

Src-@Inc42

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#ClaimBuddy, a healthtech firm that provides a digital infrastructure for hospitals to process their patients' health insurance claims raises $3 Million.

They claim to have processed more than 100 crores in claims and to be working with more than 120 hospitals.

Src-@livemint

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#Razorpay has purchased a controlling stake in #Curlec, a #Malaysian fintech, and expects to launch new channels for global online company expansion in India and Malaysia.

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Read more at: https://t.co/3Uk4eESuQ6

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#Mosambee, a merchant solutions platform, has acquired #Benow, a #BNPL-focused fintech startup, for an unknown sum.

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#OroMoney offers gold loans at a 9.48% yearly interest rate. It is currently available in #Chennai, #Bengaluru, and #Hyderabad, with #Pune and #Coimbatore to follow soon.

Following the Series A investment, the company was valued at roughly Rs 212 crore, or around $30 million.

[Brevitty @_Brevitty]

#DvaraSmartGold is a project of the 'Dvara Venture Studio' cohort, which enables entrepreneurs working in the financial inclusion field to achieve large-scale systemic change.

Dvara SmartGold allows clients to invest in gold in tiny, manageable instalments.

Src: @livemint