Arzoo raises $70 million from Japanese company SBI Holdings
B2B consumer electronics startup Arzooo
Raises $70 million from SBI Holdings, Trifecta Leaders Fund, and existing investors such as Celestia Capital and 3 Lines VC. Former Flipkart employees Khushnood Khan and . started by
In 2018, Raj Rathor has onboarded around 30,000 physical retail stores across 22 states. It will use the money to grow its business and improve its technology.
propshare $47 million round closed
proptech startup propshare
Raised $47 million in a funding round led by Westbridge Capital, PropShares is a real estate investment platform that helps investors buy commercial real estate, and has over $125 million in assets under management (AUM). The funds raised in this round will be used to grow its business and improve the user experience on the platform.
ProgCap has raised a $40 million Series C . gathered
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B2B Lending Platform Progcap
raised $40 million In the expanded Series C round from Creation Investments, Tiger Global and Sequoia Capital. Search giant Google joined the round as its investor, valuing the startup at $600 million. Founded in 2017 by Srivastava and Himanshu Chandra, ProgCap provides collateral-free working capital to small and medium-sized businesses (SMBs) and retailers in India. The firm will use the funds raised to expand and accelerate product development.
Solve receives a check for $40 million
Solve, a marketplace for small businesses,
raised $40 million From
Holdings and SC Ventures. The startup helps small and medium businesses trade in categories like grocery and fast-moving consumer goods (FMCG), readymade clothing, accessories and much more. It operates in over 200 cities across India, with over 19,000 pin codes. Solve will use this money to expand to over 300 cities and towns across India.
ETtechGetVantage receives $36 million from Varanium and others
GetVantage, a revenue-based finance platform (RBF),
$36 million funding round closed Varanium Nexgen Fintech Fund, DMI Sparkle Fund, and led by existing investors Chiratae Ventures and Dream Incubator Japan. The startup, which launched in 2020, has raised over $270 million in Gross Merchandise Value (GMV) funding for over 350 brands across categories such as B2B SaaS, subscription business, D2C, ecommerce and edtech.
battery smart Raised $25 million from Tiger
Electric Vehicle (EV) Battery Swapping Startup Battery Smart
Raised $25 million in a funding round Led by Tiger Global, it is the third Indian EV startup to raise funding from Tiger after Ather Energy and Ola Electric. The round also saw participation from Bloom Ventures and Oreos Ventures. The startup competes with Gurugram-based Sun Mobility and EV maker Bounce and plans to use the funds to venture into new areas.
Check receives $10 million in seed funding
Business-to-consumer (B2C) credit management platform CheQ
Raises $10 million in seed round Led by Venture Highway and 3one4 Capital. Founded in January by Aditya Soni, Check helps customers to simplify the search and management of all credit products like cards, buy-now-pay-later (BNPL) and more. It will launch its product in the next few months.
Other deals
commercial electric vehicle startup
Terno raises $3.1 million from Stellaris Venture Partners and Avana Capital. Angel investors like Vipul Parekh of BigBasket, Ashish Goyal of Urban Ladder and Goenka Family Office also participated in the round.
AquaExchange, a fintech platform catering to India’s shrimp and fish ecosystem,
raised $3 million in funding From Endea Partners, Axion Venture Lab and other existing investors. The company plans to infuse capital to improve its technology and e-commerce operations and expand agricultural land to over one lakh acres by March 2023.
SourceWiz, a business-to-business (B2B) digitization platform,
20 crores raised In a funding round led by Matrix Partners India. Angel investors such as B2B packaging firm Bizongo and Vami Capital co-founder Aniket Deb and the family office of Transworld Group also participated in the round.