Funding and Leadership: Edu-wealth startup Zinc has raised $25.5 million in a seed funding round led by Nexus Venture Partners, with participation from several other investors including Quona Capital and EDBI. The startup is founded by Prashanth Ranganathan, formerly of PayU Credit. Innovation and Service Expansion: Zinc plans to utilize the new funds to enhance […]
Pitchlabz
Fincart Secures Undisclosed Funding from Jedar Capital
Innovative Platform for eCommerce: Fincart offers a multi-courier system that enhances last-mile delivery, focusing on streamlining logistics and providing accessible financing solutions for small and medium-sized businesses (SMBs) in the eCommerce sector. Strong Investor Backing: The startup has successfully attracted funding from reputable investors, including Jedar Capital, Falak Startups, Orbit Startups, and Plug and Play, […]
Saudi proptech ARK closes $1 million pre-Seed round
Saudi Arabia-based proptech ARKTECH has secured a $1 million pre-seed investment round, led by Core Vision Investment. Founded in 2023 by Waheed Al Jassas, ARKTECH focuses on providing secure and lucrative returns on real estate investments. The funding aims to enhance ARKTECH’s position as a leading utility contract trading platform and to expand its technology-enabled […]
Saudi Startup Nabt Raises $1.5 Million in Seed Round
Nabt, a foodtech startup in Saudi Arabia, secured a $1.5 million seed investment from Merak Capital and angel investors, aimed at enhancing growth and expanding its agritech market presence. The startup operates a B2B marketplace that connects farmers directly with businesses, streamlining the fresh produce supply chain by eliminating middlemen, which improves efficiency and transparency. […]
B2B unicorn Udaan raises Rs 300 crore debt funding from leading investors
Funding Acquisition: Bengaluru-based B2B e-commerce platform Udaan has secured approximately Rs 300 crore in debt funding from notable investors such as Lighthouse Canton, Stride Ventures, InnoVen Capital, and Trifecta Capital, marking its first debt financing of the financial year. Market Expansion Strategy: The acquired funds will facilitate Udaan’s "Micro-Market strategy," aimed at extending its presence […]
Auquan raises $4.5 million to automate deep work in financial services with AI
Funding Success: Auquan has secured an additional $4.5 million in a seed funding round led by Peak XV’s Surge, raising its total seed funding to $8 million, with participation from Neotribe Ventures. Innovative AI Solutions: The startup specializes in automating complex financial workflows using AI, with notable clients including UBS and Federated Hermes, enhancing efficiency […]
GPS Renewables’ ARYA raises Rs 100 crore Mezzanine Financing from InCred, Spark Capital
Funding Achievement: ARYA, the project development arm of GPS Renewables, has secured Rs 100 crore in mezzanine financing as part of a larger Rs 200 crore funding round from InCred Opportunities Fund and Spark Capital. Project Focus: The funds will specifically support the development of Compressed Biogas (CBG) projects in joint ventures with Indian Oil […]
Agritech startup Arya.ag secures $19.8 million debt commitment from DFC
Arya.ag, an agri-commerce platform based in Noida, has secured a $19.8 million debt guarantee from the U.S. International Development Finance Corporation (DFC) to enhance its market connections for farmers and farmer-producer organizations (FPOs). The funding will aid AryaTech, Arya.ag’s subsidiary, in expanding its platform to provide secure and transparent transactions across India, aiming to reduce […]
Saudi Arabia’s Nabt raises $1.5 million Seed led by Merak Capital
Investment Round: Saudi Arabia-based foodtech startup Nabt has secured $1.5 million in Seed funding, led by Merak Capital, with participation from angel investors. Business Model: Founded in 2022 by Abdullah Alotaibi, Nabt operates a B2B marketplace that directly connects farmers with businesses, enhancing transparency and efficiency in the fresh produce supply chain. Accelerator Involvement: Nabt […]
Indian startups raised over $186 million from Oct 21 to Oct 26, 2024; upGrad tops the list
Between October 21 and October 26, 2024, 18 startups raised $186.23 million across various sectors, including AI, logistics, healthtech, and edtech. Last week, Indian startups collectively raised over $405 million, with the edtech company Eruditus securing $150 million alone. Key funding highlights included $60 million raised by upGrad in the edtech sector, and significant amounts […]