03/05/2019 Newsletter

Funding News

 

Fintech startup ftcash has raised Rs 50 crore in a Series A funding round led by global non-profit Accion and Dutch development bank FMO, with participation from existing investor IvyCap Ventures.
Read more on ET Tech

 

Atomberg Technologies, maker of energy efficient home appliances like ceiling fans has raised an undisclosed amount from Hero group’s Suman Kant Munjal’s family office. The fund will be deployed towards expanding operations to other cities and for developing new products.
Read more on ET Tech

 

Pesto, a Gurugram-based career accelerator for top software engineering talent, has raised $2 million in seed funding led by Matrix Partners, and the company plans to use the money to expand services and open training centres in other cities.
Read more on ET Tech

 

Canadian billionaire Prem Watsa’s Fairfax Holdings plans to invest an additional Rs 200 crore into Digit Insurance, an online general insurance company that offers insurance products at reasonable rates by eliminating agent commissions.
Read more on ET Tech

 

1-India Family Mart, a value retail chain owned by Nysaa Retail Private Limited offering fashion apparels, lifestyle products and general merchandise, has raised Rs 20 crore in debt funding led by APAC Financial Services Private Limited. The funding will be used by the company for expanding to newer geographies as well as for its working capital requirements.
Read more on YourStory

 

Other News

 

The average capital raised by early-stage startups in India has doubled over the last three years due to increased interest shown by large venture funds to bet early, but the number of companies getting funds has come down.
Read more on ET Tech
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