5ire receives $100 million from SRAM and MRAM Group
5ire, a layer 1 blockchain startup,
$100 million closed Round from UK-based SRAM and MRAM Group at a valuation of $1.5 billion. Launched in August 2021, 5ire is a blockchain platform focused on sustainability, technology and innovation to build the 5th Industrial Revolution (5IR). The company employs about 100 people and plans to use the funds to improve its technology and expand its employee base.
LifeCell Raises $80 Million From PharmEasy Backer
Lifewell, a single entity formed after the merger of healthcare startups I’m fine and the diagnostic arm of genetic services provider Lifecell International,
New York-based OrbiMed. raised $80 million from, It will use the money to invest in new partnerships and insurance technology.
Detect Technologies takes $28 million from Prosus
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AI-Based SaaS Platform Detect Technologies
Raised $28 million in funding round led by Prosus Ventures, Existing investors such as Elevation Capital also participated in the round. Founded in 2016 by Tarun Mishra and Daniel Raj David, Detect provides industries with the intelligence to mitigate high-outcome risks through a suite of cloud-based AI-powered applications. It plans to use the funds to expand its customer base.
B2B agritech marketplace Wegro raises $25 million
Wegro, the B2B agritech marketplace for fruits,
Raises $25 million in Series B funding round Led by Prosus Ventures, along with existing investors Matrix Partners India, Ankur Capital and others. Started in 2020 by Praneeth Kumar, Mridhukar Baichu, Kiran Naik and Shobhit Jain, Wegro helps meet the demand and supply of fruits across 100 cities. It claims to process around 200 tonnes of fruits per day.
String Bio raises $20 million
Biotech Startup, String Bio,
Raised $20 million in a funding round From Woodside Energy Group, Ankur Capital and Genfold Ventures. The startup leverages advances in biology, fermentation technology, chemistry and process engineering to convert methane into energy in diverse value-added products such as protein materials for nutrition and biodegradable polymers.
ETtechFintech service house Rin raises $20 million from NMI
Fintech Sewa Grih Rin
Norway’s Nordic Microfinance Initiative raises $20 million (NMI) and Women’s World Bank Asset Management. Established in 2015 by Shruti Gonsalves, Sewa Griha Rin – branded as Sitara – offers home construction extension, purchase and renovation for low-income homes from Rs 1 lakh to Rs 30 lakh, especially for urban and urban women. Provides loan up to Rs. countryside. It plans to deploy the funds to grow its loan book and digitize its offerings.
Juspay cofounder’s startup Hyperface closes $9 million seed round
Hyperface, a credit-card infrastructure provider, is started by Ramanathan RV, cofounder of Jasp.
Raises $9 million in seed funding led by 3one4 Capital, Founded in 2021 by Ramanathan and veteran banker Aishwarya Jaishankar, HyperFace allows businesses to launch credit card and pay-later issuance products in a big way.
Other deals done:
Fashion Discovery Startup Shouto
Raised $1.6 million led by Sama Capital, Amit Singhal, former head of search at Whiteboard Capital, Google, and 25 direct-to-consumer (D2C) founding angels also participated in the round.
DaoLens, a business-to-business (B2B) decentralized autonomous organization (DAO) service provider,
raised an undisclosed amount in funding from 36 angel investors, including CoinDCX co-founders Neeraj Khandelwal and Sumit Gupta, and
CEO Manish Aggarwal and others.
Solar financing platform Erem
Raised $2.5 million in funding led by Bloom Ventures, Aerem is leading a solution to build India’s first asset finance and quality platform for solar power.