Here are some of the latest startup news-
Rupeek-
Rupeek,
a gold-based hybrid loan platform has raised $33 million or Rs 239 crore in its
Series E round led by GGV Capital and four other investors. Previously, Rupeek has raised $30 million
in Series D financing led by Flipkart’s co-founder Binny Bansal.
iNurture-
iNurture
has raised $10 million or Rs 71.5 crore, in a bridge financing round from
Kimera Ltd, a Dubai-based family office. iNurture is an Edtech company that
provides higher education programs in India. It is a twelve-year-old firm
launched by Ashwin Ajila that provides industry-relevant graduation and
post-graduation degree programs in partnership with recognized colleges and
universities in India. It leverages its partnerships with industries to promote
guest lectures, internships, industrial visits, live projects, and placement
assistance.
Bewakoof-
Bewakoof
a Direct to consumer or D2C fashion brand has raised funds from IvyCap
Ventures. The fresh raise will be used to help the company streamline its
operations, which was severely hit during the onset of the pandemic. Bewakoof was founded by
Prabhkiran Singh and Siddharth Munot in April 2012. The brand sells trendy
apparel and accessories and its customer base includes a huge audience of
millennials across tier I, II, and III cities.
MyGlamn-
MyGlamn
is an Omnichannel direct-to-consumer beauty brand that has raised $24 million
or Rs 175 crore in its Series C funding round led by Ascent Capital, Amazon,
and Wipro Consumer. It is the latest funding for them after a gap of 20 months.
Previously, the startup
which is based out of Mumbai has raised Rs 100 crore in the previous round led
by Bessemer Venture Partners in June 2019.
PolicyBazaar-
PolicyBazaar,
an online insurance aggregator has recently raised $75 million in a round led
by Falcon Edge Capital. This capital infusion for the IPO-bound company has
materialized after 18 months. According to Yashish Dahiya, the co-founder and
Group CEO of PolicyBazaar, this raise will be used to expand the
policybazaar.ae operations and relations in the UAE that is involved with
insurance, loans, and credit cards. PolicyBazaar, based in Gurgaon has
previously raised its last round from Tencent in 2019.
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