The Week That Has Been: Funding And Startups

In an eventful week, investors have picked up niche start-ups focusing on specific markets.

Investment in Indian start-ups is yet to see a slowdown with key national and international venture capitalists and investors exhibiting confidence in the local players.

  • Cora Raises Capital From Marquee Angel Investors

Talking about the development, Snigdha Kumar, Co-Founder of CORA Health, said, “We are very excited to have the biggest industry names back us on our vision and this has fuelled us to be even more relentless in our obsession of improving everyday health and wellness. We see ourselves as being synonymous with health and to be able to transform the pantry of 20mn households with healthier options by 2023. We will be using the funds to invest in technology, team hiring, and expansion of network of experts and categories on the platform.”

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  • Cashfree Raises Funding From SBI

'The company's total funding since inception is USD 42 million. The total valuation of Cashfree is around USD 200 million,' Cashfree CEO and co-founder Akash Sinha told PTI.

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  • Global Tech Investor Entrepreneur First Funds 34 Start-ups

Since the launch in India in 2019, EF has supported more than 200 Indians on their entrepreneurial journey and invested in 34 cutting-edge tech start-ups across the country

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  • InfoEdge Venture Fund And BEENEXT Invest 2 Mn In QuickSell

The users are able to grow, retain, monetize, and engage their customer base effectively. This investment will be mainly used for product enhancements, scaling the business, and team expansion. The user-friendly platform has 600,000 customers based across 100 countries, and counting, without any investment in marketing.

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  • Candes Raises $3M From Various Marquee Family Offices

Candes has constantly evolved its product line, which today has become one of the most comprehensive, respected and likeable range of products in the market, backed by responsive & dedicated after sales service.

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  • Truemeds Raises $5Mn From InfoEdge, Others

To facilitate this, the start-up has created a web-based platform and application.   A patient needs to upload their prescription, get on a free consultation call with the platform’s doctor and the medicine is delivered to their doorstep.

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  • F5 Raises Pre Series A Round

The company had earlier raised $400,00,000 (3 Crores) as part of its seed round in May 2020. The round then saw participation from Mohit Satyanand, Chairman Teamwork Arts, Huddle, Sanjay Jha, Co-Founder & CPO, LetsVenture, Kabir Kochhar- Partner, Anthill Ventures, Singularity Ventures- Family office of Madhusudan Kela, Chakradhar Gade and Nitin Kaushal- Co-founders of Country Delight.

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  • Indo-Irish Biotech Startup CyGenica Secures Funding

The current investment seed round of USD 1.4 million was led by venture capital investor SOSV. Other investors participating in the round included the VOYAGER Health-Tech fund, David Rowan, founder of, and angel investors Sharaf Yamani and Sami Mikati.

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  • Aegte Seeks $7 Million In Series A Funding

Aegte plans to use the funds to expand its product range, spend on its marketing activities to increase the customer base, increase the operational capabilities as they scale up the sales. Read more at:

  • Whatfix Closes $90 Million Series D Backed By SoftBank Vision Fund 2

The company plans to use the funding to continue growing its stronghold in the U.S. market while accelerating global expansion into new markets such as the Asia Pacific and Europe

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  • Raises $2M Led By Stellaris Venture Partners, Others

This is the company’s first round of venture funding and with this announcement, is also publicly launching their beta product and coming out of stealth mode

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  • Capital Float Raises ₹50 Crore Debt Round From Triodos IM

Since January 2021, Capital Float has raised over ₹200 crores in debt. These funds are being strategically deployed towards scaling up growth in credit delivery, as the company has doubled its base over the last 8 months to over 2 million customers

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  • JM Financial Private Equity Invests INR 350 Mn In Walko Food

Proceeds from the investment will support brand building activities and augmentation of the existing capacities of the Company. This marks the closing of the eighth investment by JM Financial India Fund II.

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  • MentorKart Raises USD 150K Led By Startup Buddy

Launched in 2020 by Ashish Khare & S.K. Mohanty, MentorKart offers specialized mentorship programs for students, working professionals, and entrepreneurs. The MentorKart platform also offers to learn through live sessions with industry experts, structured workshops, masterclasses, and 1:1 personalized interaction with mentors.

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  • Eightfold AI Raises $220 Mn Funding From SoftBank, Others

The series E round also saw the participation of investors from previous rounds, including General Catalyst, Capital One Ventures, Foundation Capital, IVP, and Lightspeed Venture Partners, a statement said.

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  • Flyhomes Raises $150Mn, To Strengthen Its Indian Presence

This round of funding was led by marquee venture capital firms like Battery Ventures and Norwest Venture Partners. Participation of Fifth Wall, Balyasny Asset Management, Camber Creek, and Zillow co-founder Spencer Rascoff was also seen. In addition, Andreessen Horowitz and Canvas Partners were other existing investors who participated.

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  • Tiger Global To Invest $30 Million In Classplus

Previously the platform had raised $30 Million from a round led by GSV ventures. Earlier in 2020 September, they had raised $10.3 Million from Falcon Edge’s AWI, and star cricketer Saurav Ganguly, as well as Blume Ventures and RTP Global. However, the new round is yet to be closed so terms of engagement may change.

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