LeadSquare raises $153 million from Westbridge Capital
After joining the sales and automation platform Leadsquare Unicorn Club
Closing a $153 million funding round Led by Westbridge Capital, at a valuation of $1 billion. Founded 11 years ago by Prashant Singh and Sudhakar Gorti, Lead Square sells sales and automation software to businesses to help them manage them with lead management and analysis. More than 1,000 businesses such as Byju’s, Vedantu, Dunzo and Practo use their services.
Singapore’s Stashfin raises $270 million
Neobanking Startup Stashfin
raised a whopping $270 million At a valuation of $800 million, in a mix of equity and debt funding from Unaffiliated Ventures, Fasanara Capital and others. The company claims to have registered a ten-fold increase in its monthly turnover from last year, with its annual revenue run rate (ARR) set to touch $100 million. The new funds raised in this round will go towards expanding its business in Southeast Asia and improving its technology stack.
Encash $90 million with NewQuest
Find stories that interest you
Used Smartphone Vendor Cashify
$90 million funding round closed Led by NewQuest Capital Partners and Prosus. Existing investors such as Bessemer Venture Partners and Bloom Ventures also participated in the round. Cashify, which saw its business boom during the pandemic, plans to open more renewal stores, use the money for marketing and growing its offline footprint.
Jump Raises $75 million from Owl Ventures
Overseas Edtech Startup Leap
Raises $75 million from Owl Ventures, Steadview Capital and Paramark Ventures. Established in 2019, LEAP provides international exam preparation, admission and counseling and loans to students wishing to study abroad. The company caters to over 175,000 students and will deploy the funds raised in this round to expand its business in Bangladesh and other Southeast Asian markets.
ETtechVahak raised $14 million
Bengaluru-based road transport logistics startup Vahaki
Raises $14 million from Nexus Venture Partners, Fundamental and Iced Ventures, among others. The carrier is a free-to-use, open marketplace for shippers and transport SMEs to find and connect with truck drivers. It claims to help truck drivers earn more than double what they usually do on major routes
across India, mainly by increasing the use of trucks. The new capital will be used to acquire new customers and create an ecosystem for truckers.
PayGlocal receives $12 million from Tiger Global and Sequoia
Cross-border payments startup PayGlocal
Raised $12 million in a funding round Co-led by Tiger Global and Sequoia Capital India. Binext and angel investors such as Pine Labs CEO Amrish Rao and Cred’s Kunal Shah also participated in the round. Payments industry veteran Prachi, launched in 2021
Rohit Sukhija, Yogesh Lokhande and Ruby Jain, PayGloCal enables merchants to accept cross-border payments in the currency of their choice using their card or non-card payment options.
Neuron7.ai raises $10 million
AI-Powered Customer and Field Service Software Firm Neuron7.ai
Raised $10 million in funding round Led by existing investors Battery Ventures and Nexus Venture Partners. Neuron7 leverages AI and Natural Language Processing (NLP) to help service organizations overcome challenges and improve service metrics. It will use the funds raised to expand its product and customer success teams in the US and India.
Other Complete Deals
Healthtech Startup Spree
Raised $7 million in funding From Eight Roads Ventures with participation from F-Prime Capital and existing investor, Together Fund. Spree aims to democratize the access and affordability of Movement Health through its full-stack digital health platform by providing an end-to-end patient and practice management SaaS platform for physical therapists.
Kessler, a global escrow banking solutions provider
Closes $1 million funding round From Zerodha’s venture capital arm RainMatter, Venture Catalysts and a few others. Founded in January 2021 by Vineet Singh, Dinesh Kumar and Ritesh Tiwari, the Delhi-based startup provides domestic and cross-border escrow solutions and escrow management solutions to enterprises and banks.