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15 Feb

Explurger Secures USD4.5 Million in Series-A Funding Led by Affle

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Social media platform Explurger today announced that it has raised an investment of USD 4.5 million (INR 37.3 Cr) in a Series-A funding led by Affle (India) Limited (“Affle”) at a pre-money valuation of about USD 40 million (INR 338 Cr). With this investment, Affle (India) Limited will hold a 9.03% stake (on a fully diluted basis) of Explurger, which has shown a robust potential and interest from global investors. Launched in 2021 in India, Explurger has already garnered more than 8.5 million users across 75+ countries. Pioneering the field as the only “Gamified” AI-powered vertical consumer-tech social media platform for travelers, Explurger is listed by Google as one of ‘10 Most Innovative Apps Making Mark in India and Beyond’. With an AI-centered social media format, the app differentiates itself with features such as Automatic Travelogue, Rewards and…

16 Nov

Simplilearn raises USD 45 million from a consortium

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Simplilearn, the homegrown online Bootcamp for digital skilling & training, announced that it has raised USD 45 million in a fresh round of funding from a consortium led by GSV Ventures. The fresh round of funding also saw participation of Clal Insurance, and DisruptAD, ADQ’s venture platform. Simplilearn offers digital skilling programs for professionals, enabling learners to upskill and get certified in fast-growing digital domains. It creates these programs in collaboration with renowned educational institutions such as Caltech CTME, MIT Schwarzman College of Computing, UMass Amherst and the Isenberg School of Management, Purdue University, Wharton Online, IIT Roorkee, and IIT Kanpur, and companies such as…

28 Dec

Annapurna Finance raises $35 million from Accion, Encourage Capital, and Oikocredit

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New Delhi: Odisha-based Annapurna Finance today announced its third capital raise within the year of $35 million (INR 260 Cr) from Encourage Capital, Accion and existing investor Oikocredit. This is the third capital raise by Annapurna in 2021, after attracting a $30 million investment from Nuveen Global Impact Fund in March 2021 and a $20 million from DEG in November 2021, bringing the total investment to $85 million this year. Annapurna Finance, with a pan India rural distribution network and its multi-product strategy, offers micro credit loans, home improvement, and MSME loans to individuals and small businesses. As part of…

29 Jul

Coralogix raises $55 million in Series-C funding led by Greenfield Partners

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New Delhi: Coralogix today announced it has raised $55 million in a Series C funding round led by Greenfield Partners, bringing the company’s total amount raised to $96 million. The company aims to pursue its strategic 5-year growth plan for the India market, whilst assisting companies with regional server support, data storage capabilities and compliance with the country’s data privacy laws. The latest round of funding also saw participation from Red Dot Capital Partners, StageOne Ventures, Eyal Ofer’s - O.G. Tech, Janvest Capital Partners, Maor ventures, and 2B Angels. Previously in October 2020, the company had raised $25 million in Series…

25 May

SalaryBox Raises undisclosed amount in pre-seed funding round

MediaCatalystInvestmentGSF Accelerator, SalaryBox

Gurugram: SalaryBox, a startup that simplifies the payroll process for small businesses, has raised an undisclosed amount in its pre-seed funding round. GSF Accelerator led the round, with the participation of marquee individual investors Alok Mittal, CEO, Indifi; Amit Ranjan, ex-CoFounder, SlideShare; Sumit Jain, Co-Founder, CommonFloor; Surjendu Kuila, Co-Founder, Zopper. The start-up said that it would use the funds to accelerate product development and drive customer acquisition. Founded in 2020 by IIT Roorkee Alumni Nikhil Goel & Peeyush Goyal, SalaryBox has built a mobile-first SaaS product that makes salary calculation and payments simple & convenient for small businesses. “Small businesses that…

25 May

Glamplus raises INR 2 crore in Pre-Series-A funding round

MediaCatalystInvestmentGlamplus, Inflection Point Ventures

Delhi: Salon-focused SaaS platform Glamplus has raised Rs 2 crore in a Pre-Series A round led by Inflection Point Ventures, one of India’s largest angel investment platforms in India. Few of the other investors in this round are Anil G (Co-Founder & COO at Bounce) Sachin Khandelwal (MD & CEO at Sadhan Enterprise), Sravan Kumar (CEO at Transin), Abhishek Daiya (AVP at Byju's) and Anudeep Nagalia (VP at Shadowfax). They have invested in personal capacity. Funds raised will be used for enhancement of product & tech capabilities and business expansion. The funds will also be utilized in scaling to 3000…

24 Mar

Education MarTech Startup ExtraaEdge Raises $1M in Pre-Series A Round

MediaCatalystInvestment, News9Unicorns, DevX Innovation, ExtraaEdge, Faad Network, Indian Angel Network

Pune: ExtraaEdge, a Pune-based martech startup focused on the education sector has raised $1 million in a pre Series A round from Pentathlon Ventures. The round also saw participation from other investment firms - 9Unicorns, Indian Angel Network, Faad Network and DevX Innovation. Prominent angels like Monish Darda (Co-Founder & CTO, Icertis a SaaS Unicorn ), Manasij Ganguly ( ex CEO – Threadsol ) & Aditya Somani ( ex - Premji Invest) also participated in the round along with the existing investors Sprout Venture Partners, and TiE Pune Angels. Founded in 2015 by Abhishek Ballabh and Sushil Mundada, ExtraaEdge is…

23 Mar

FloBiz Raises $10 Mn from Elevation Capital and Existing Investors

MediaCatalystInvestment, NewsBeenext, Elevation Capital, FloBiz, Greenoaks Capital

Mumbai: SMB digitisation startup FloBiz has raised $10 Mn in a Series A round led by Elevation Capital. The latest round saw participation from existing investors Greenoaks Capital and Beenext. FloBiz that offers a billing and accounting app myBillBook as its flagship product intends to use the capital for team expansion, product development and accelerate sales and marketing efforts. Driven by multiple tailwinds such as mobile/data penetration, GST compliance, technology adoption and lately Covid-19, historically dispersed SMBs (small and medium businesses) in India are getting more organised and formalised. While technology advancement and digitisation push has led to several transformations in…

19 Mar

IndiaLends Raises US$5.1 M from Existing Investors

MediaCatalystInvestment, NewsACP Partners, DSG Consumer Partners, IndiaLends

Digital lending platform IndiaLends has raised US$5.1 million in a financing led by existing investors ACP Partners and DSG Consumer Partners. The Delhi NCR based firm will use the funds to expand its technology platform, increase its market footprint and amplify its product offerings to meet the pent-up demand in a post-COVID economic recovery. IndiaLends has already won the trust and confidence of over 8 million customers and disbursed more than INR 2,000 crores in personal loans since its launch via its technology platform and API-based lending solutions that it offers to other B2C companies. The company aims to emerge as the…

09 Mar

Ecom Express Receives US $20 Mn Follow-on Investment from CDC Group

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CDC Group, the UK Government’s development finance institution and impact investor in South Asia and Africa, today announced that it has closed a US$ 20 Million investment round in Ecom Express, a leading tech-enabled end-to-end logistics solutions provider to the Indian e-commerce industry. This will be CDC’s second round of investment in Ecom Express after its initial investment in December 2019. CDC’s latest commitment will support Ecom Express in advancing the company’s sustainable development and impact agenda of enhancing skills and boosting job creation in the Indian hinterlands. With the high demands for jobs in India, the country needs to…