[Funding alert] Jaipur-based NBFC SK Finance raises Rs 400 Cr in Series F round led by IIFL Wealth

SK Finance, a Jaipur-based NBFC, has raised Rs 400 crore (roughly $53 million) in Series F round of subsidizing from IIFL Wealth and other new financial backers. Joined in 1994 and previously known as Ess Kay Fincorp it is supported by different financial backers like TPG Growth, Norwest Venture Partners, Baring India, and Evolvence India Fund. With this capital raise, SK Finance has in total raised with regards to Rs 1,400 crore from six financial backers. SK Finance MD and CEO Rajendra Setia said, "The current venture will empower the organization to proceed with its development direction and further fortify the administrative role worked throughout the long term."

[Funding alert] Neobank Jupiter raises $86M in Series C round

Mumbai-settled fintech organization ?Jupiter? has brought $86.6 million up in a Series C round of subsidizing drove by New York-settled mutual funds Tiger Global, Sequoia Capital and Virgina-settled QED Investors, as per filings made with the Registrar of Companies (RoC). Different financial backers in the round incorporate returning financial backers Matrix Partners, Beenext, GFC Global Founders Capital, Rocket Internet Capital, Nubank, Mirae Asset Fund, 3One4 Capital and Mitsubishi's MUFG Innovation Partners. Jupiter was esteemed at $711 million as a feature of the round as per reports, up from $300 million in August when it brought $44 million up in a Series B round of subsidizing drove by Brazil's Nubank, Global Founders Capital, Sequoia Capital India and Matrix Partners.

[Funding alert] Mamaearth joins unicorn club after raising around $80M

Honasa Consumer, which runs child and mother care brand ?Mamaearth?, has brought around $80 million up in its most recent financing round drove by Sequoia, making it a unicorn. In July 2021, ?Mamaearth had gotten $50 million in a financing round drove by Sofina Ventures. This round had pushed the organization's valuation to $730 million. Mamaearth has endorsed the designation of 1,741 Series F inclination shares at an issue cost of $45,294.33 to raise $79.5 million, as indicated by administrative filings.

[Funding alert] Hakuna Matata, Vendor Infra raise early-stage investment

Seller Infra raises heavenly messenger round Business-to-business (B2B) advanced cooperation stage for framework and development industry, Vendor Infra, has brought $265,000 up in a holy messenger financing round from different leaders from the foundation and IT industry. The organization has raised the current round from SK Tripathi, MD and CEO of JMC Projects (India); Sanjeev Gupta, MD and CEO, Lahari; Amit Agarwal, CFO at JK Fenner (India); Narayan Ramaswamy, Founder and CEO of B2B Digital Ecosystem for SME; Dinesh Arora, Partner and Deals Leader; Puneet Chandra, Co-originator of Skootr Global, and different chiefs. Seller Infra will use the asset for extending its group, showcasing and marking, subsidizing worldwide development and stage headway.