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SMBC’s Asia Rising Fund joins Vayana’s ongoing Series D round

VCCircle

VCCircle · 11m ago

SMBC’s Asia Rising Fund joins Vayana’s ongoing Series D round

Trade credit infrastructure platform, Vayana, has raised $20.5 million in its ongoing Series D funding round, led by SMBC's Asia Rising Fund. The funds will be used to introduce new products aimed at improving Vayana's suite of trade credit, compliance, and risk management platforms. Vayana facilitates over $1 billion of financing every month for banks and NBFCs, serving over 300,000 Indian enterprises and covering over 3,000 supply chains. This latest funding comes after Vayana raised nearly $52 million in its previous funding round.

Related News

Battery Smart raises $21M in ongoing Series B funding round

YourStory

YourStory · 21d ago

Battery Smart raises $21M in ongoing Series B funding round

Battery Smart, a battery swapping startup, raised an additional $21 million in its ongoing Series B funding round led by Rising Tide Energy. The total Series B round is expected to be $29 million. Other contributors include ResponsAbility Asia Climate Fund, Acacia Inclusion Ltd, and Ecosystem Integrity Fund. The Gurugram-based company plans to use the funds to expand its presence in new and existing cities. Battery Smart currently operates over 1,518 battery swapping stations in India.

Exclusive: Arya.ag To Raise $29 Mn Funding From Blue Earth Capital, Others

Inc42 · 1y ago

Exclusive: Arya.ag To Raise $29 Mn Funding From Blue Earth Capital, Others

Arya.ag, an agritech startup, is raising $21 million in a pre-Series D funding round. Existing investors Asia Impact SA and Quona Capital will also be participating. The company is considering additional funding, including a debt round and a larger Series D round later this year. In FY24, Arya.ag reported a profit of INR 17 crore on a revenue of INR 360 crore.

Vayana raises $20 million in funding round led by SMBC Asia

Economic Times

Economic Times · 11m ago

Vayana raises $20 million in funding round led by SMBC Asia

Trade finance platform Vayana has secured $20.5 million in a Series D funding round, led by Sumitomo Mitsui Banking Corporation Asia Rising Fund. The investment will be used to develop new products that enhance the company's trade credit, compliance, and risk management platforms. Vayana provides trade finance to suppliers and small enterprises in sectors such as automotive and manufacturing and claims to facilitate over $1 billion in financing each month. The firm also offers goods and services tax solutions for corporates and micro, small, and medium enterprises. To date, Vayana has raised over $67 million in funding.

GreenFortune secures $4.5 Mn in pre Series A round

Entrackr

Entrackr · 3m ago

GreenFortune secures $4.5 Mn in pre Series A round

GreenFortune, a windows and doors brand, has raised $4.5 million in a pre-Series A round led by Foundamental. Titan Capital Winners Fund and existing investors Incubate Fund Asia & others participated. The proceeds will be used for national expansion, growing volumes, and building PartnerGate, its tech platform. GreenFortune aims to enhance its R&D and technical services for new products and become a complete solution provider for fenestration products. Founded in May 2022 by Dilip Kumar and Pratyusha Kosaraju, the brand offers affordable uPVC products across 100 locations in India. Products are manufactured in India, Germany, and Japan. In July 2023, GreenFortune raised $1 million led by Incubate Fund Asia.

Exclusive: Vayana Network To Raise $20 Mn From SMBC Asia Rising Fund, Others

Inc42 · 11m ago

Exclusive: Vayana Network To Raise $20 Mn From SMBC Asia Rising Fund, Others

Trade financing startup Vayana Network is raising funding in its ongoing Series D round, with participation from Jungle Ventures, Chiratae Ventures, IFC, and Deep Financial, among others. The round values Vayana Network at approximately $240 million.

Edelweiss leads ₹210 cr funding round in furniture rental startup Rentomojo

Livemint

Livemint · 1y ago

Edelweiss leads ₹210 cr funding round in furniture rental startup Rentomojo

Bengaluru-based furniture rental brand Rentomojo has raised ₹210 crore in a Series D & D1 funding round led by Edelweiss Discovery Fund Series – I. The funding will be used to strengthen the company's balance sheet and support business expansion. Rentomojo turned profitable in FY23, recording a profit of ₹6.2 crore compared to a loss of ₹13 crore the previous year, with revenue from operations rising to ₹121 crore. The company operates in 16 cities and has served around 450,000 customers since its founding in 2014.

Rentomojo Pockets Funding From ValueQuest Scale Fund

Inc42 · 1y ago

Rentomojo Pockets Funding From ValueQuest Scale Fund

Bengaluru-based online furniture rental startup, Rentomojo, has raised an undisclosed amount in a Series D funding round from ValueQuest Scale Fund. The funding includes a mix of primary investment and secondary purchase for a minority stake in the company. Rentomojo plans to use the funds to expand its offline centres to other major metro cities. The company raised INR 210 Cr ($25 Mn) earlier this year in its Series D and D1 round led by Edelweiss Discovery Fund Series – I. The Indian furniture market is expected to reach $29.86 Bn by 2029.

RenewBuy closes $40million in Series D round from Dai-ichi Life Holdings Inc

OutlookIndia

OutlookIndia · 1y ago

RenewBuy closes $40million in Series D round from Dai-ichi Life Holdings Inc

RenewBuy, a fintech startup, has successfully concluded a Series D funding round, raising $40 million. The investment was led by Dai-ichi Life Holdings Inc. The funding will likely be used to further expand and enhance RenewBuy's insurance platform, which offers digital solutions to customers, contributing to the company's growth and market presence in the insurance sector. This is part of the insurtech's ongoing Series D fundraising, which is expected to close soon

Sixth Sense Ventures Puts $3 Mn in MyHealthcare

Entrackr

Entrackr · 1y ago

Sixth Sense Ventures Puts $3 Mn in MyHealthcare

Making its first investment in healthtech segment, Sixth Sense Ventures has put $3 million in MyHealthcare as a part of ongoing Series A round. MyHealthcare will use the fund to expand across Southeast Asia. It works on a partnership model with hospitals and provides EMR, health trackers, video consult, and 24×7 health monitoring services, among others. In July 2018, the Gurugram-based startup had raised $2 million from Hunch Ventures and angel investor Ajay Nanavati (Source)

Exclusive: Servify valued at around $700 Mn in Series D

Entrackr

Entrackr · 3m ago

Exclusive: Servify valued at around $700 Mn in Series D

Exclusive: Servify valued at around $700 Mn in Series D Post-sales service firm Servify is raising Rs 66.27 crore (approximately $7.8 million) in its ongoing Series D round led by BEENEXT Capital with the participation of Singularity Growth Opportunities Fund. The board Servify has passed a special resolution to issue 2,27,170 Series D3 CCPS at an issue price of Rs 2,917 each to raise Rs 66.27 crore, its regulatory filing sourced from the Registrar of Companies (RoC) shows. BEENEXT Capital, through its BEE Accelerate Fund2, will invest Rs 48.27 crore, with the remaining amount coming from the Singularity Growth Opportunities Fund. According to the valuation report attached by the company, its post-money valuation will be around $690–700 million. Last year, the firm secured $10 million through a mix of equity and debt at a valuation of $852 million. Servify offers brand-authorized after-sales support for mobile phones, personal gadgets, electronics, and home appliances. The platform allows consumers to add their household electronic gadgets onto the platform, store the bills, and access authentic brand-authorized service during or beyond the warranty period. Servify recorded a 23.6% year-on-year growth, with revenue rising to Rs 755 crore during the last fiscal year (FY24) from Rs 611 crore in FY23. However, the company's losses declined sharply by 59% to Rs 94 crore in the same period.

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