Bikayi, a Hyderabad-based versatile business empowering influence, has brought $10.8 million up in Series A subsidizing round drove by Sequoia Capital India. Prior in August 2020, the organization had raised $2 million as a piece of its seed round drove by Y Combinator. Established in 2019 by IIITians Sonakshi Nathani and Ashutosh Singla, the YourStory Tech30 startup Bikayi empowers little and medium-sized organizations (SMBs) to increase on computerized stages accordingly empowering them to contact a more extensive crowd base.
Computerized loaning stage ?RevFin? today said it intends to raise around $40 million (about Rs 290 crore) through obligation and value before the finish of this monetary to speed up its loaning, as per a top organization official. The monetary innovation stage with its own NBFC, which centers around credits for electric little business vehicles, has set an objective of financing three lakh vehicles in the following three years. "We've set ourselves an objective of financing 3,00,000 vehicles in the following three years. That is generally around Rs 3,000 crore of loaning in the following three years, beginning with about Rs 200 crore in this year and the rest coming over the course of the following two years," Revfin Services Founder and CEO Sameer Aggarwal said.
Delhivery?, the coordinations unicorn has brought $76.4 million up in financing from Addition, the firm established by the high profile startup financial backer Lee Fixel. As indicated by administrative filings, the assets raised by Delhivery is essential for its Series I round of financing. This advancement comes after the organization had raised $100 million from Fedex in July this year. The coming in of Lee Fixel will be a major lift for Delhivery as it is relied upon to come out with its first sale of stock (IPO) issue soon and joins the rundown of other Indian new companies that are going this course.
Jump, the startup that empowers understudies to concentrate abroad through monetary and vocation help, has brought $55 million up in Series C round of subsidizing drove by Owl Ventures. The round additionally saw cooperation from Harvard Management Company, alongside returning financial backers Jungle Ventures and Sequoia Capital India. Following this round, this startup has aggregately raised more than $75 million. Jump said it will use this subsidizing round to stretch out its administrations to understudies across SE Asia and MENA districts. Additionally, it intends to expand its item portfolio where it intends to offer worldwide understudy Visa and protection items.
Bengaluru-based innovation based home insides specialist organization ?HomeLane? raised $50 million (Rs 371 crores) in its Series E financing round drove by IIFL AMC's Late Stage Tech Fund, OIJIF II (Oman India Joint Investment Fund), and Stride Ventures. Its current financial backers including Pidilite, Evolvence, NuVentures, Sequoia, and Accel additionally took an interest in the round. As per the authority proclamation, with this round, HomeLane has now raised a sum of $104 million (Rs 765 crore) in assets in the course of the most recent seven years. The RainMaker Group went about as the sole consultant for this subsidizing exchange. Talking with YourStory, Srikanth Iyer, Co-organizer and CEO at HomeLane, uncovered that the organization is hoping to use the asset in three regions — brand building, upgrading the tech stage, and building new tech items.
[Funding alert] Freight Tiger raises $6.5M led by Florintree Infra, OYO Founder Ritesh Agarwal's family office
Cargo Tiger, a Mumbai-put together SaaS startup centered with respect to the cargo business, Saturday said it brought $6.5 million up in financing drove by Florintree Infra. It additionally saw support from Aroa Ventures, the Family office asset of OYO Founder Ritesh Agarwal. Existing financial backers Lightspeed India Partners, Moonstone Investments, and Pawan Munjal Family Trust additionally partook in this round. Remarking on the turn of events, Swapnil Shah, Founder and CEO, Freight Tiger, said,
B2B business organizing stage ?Anar ? has brought $6.2 million up in seed financing co-drove by ?Elevation Capital? and Accel India. The round additionally saw support from First Check and Utsav Somani (iSeed and Partner, AngelList India), alongside the absolute best designing and item driven authors, including Ranjeet Pratap Singh (Co-organizer and CEO, Pratilipi), Farid Ahsan (Co-originator, ShareChat), Vidit Aatrey, and Sanjeev Barnwal (Co-organizers, Meesho), and Shashvat Nakrani (Co-author, BharatPe).
[Funding alert] Jobs platform apna enters unicorn club after raising $100M Series C round led by Tiger Global
Work and expert systems administration stage Apna.Co has tied down near $100 million in Series C financing drove by Tiger Global. The round likewise saw interest from Owl Ventures, Insight Partners, Sequoia Capital India, Maverick Ventures, and GSV Ventures. With this round, Apna has achieved an absolute valuation of $1.1 billion. The startup means to go into overdrive to economically address the monstrous difficulties of joblessness, neediness, and upskilling.
The internet business stage for used cars, ?Cars24?, has raised an aggregate of $450 million at the valuation of $1.84 billion. The startup brought $320 million up in Series F value, and $110 million obligation from broadened monetary establishments. The organization expressed that the Series F value round was driven by DST Global, Falcon Edge, and SoftBank Vision Fund 2, alongside support from Tencent and existing financial backers Moore Strategic Ventures and Exor Seeds. CARS24 expects to now grow its worldwide presence just as additional form its vehicles, bicycles, and financing business in India, while proceeding to put resources into innovation that conveys the best client experience conceivable.
Tech firm Fivetran has brought $565 million up in financing (about Rs 4,161.8 crore) drove by Andreessen Horowitz (a16z). The series D round likewise saw support from existing financial backers - General Catalyst, CEAS Investments, Matrix Partners, and others, alongside new financial backers ICONIQ Capital, D1 Capital Partners and YC Continuity, an assertion said. Fivetran has raised $730 million to date, and its valuation currently remains at $5.6 billion. George Fraser, CEO of Fivetran, said, the subsidizing gives Fivetran the assets to extend its capacities across all elements of the business and keep on speeding up its development worldwide.