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Asia Impact leads Agrim’s Series B funding round

VCCircle

VCCircle · 11m ago

Asia Impact leads Agrim’s Series B funding round

India-based agricultural B2B platform Agrim Wholesale has raised $17.3m in a series B funding round led by Asia Impact. Agrim's platform connects farm input retailers with manufacturers, offering more than 30,000 products from 1,200 manufacturers and educating 15 million farmers via its retailer partners. The funding will be used to strengthen Agrim's technology, enhance its offerings and expand operations with the aim of becoming the preferred partner for agri-input retailers nationwide. Asia Impact's other portfolio companies in India include Creditas, Banyan Nation, Vilcart and Arya.ag.

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Agritech Startup AGRIM Nets $17.3 Mn From Asia Impact SA, Others

Inc42 · 11m ago

Agritech Startup AGRIM Nets $17.3 Mn From Asia Impact SA, Others

AGRIM, a B2B marketplace that facilitates direct procurement of agricultural inputs, has raised funding in a Series B round led by Asia Impact SA. Existing investors, including Kalaari Capital and Omnivore, also participated. The funds will be used to bolster AGRIM's technology, enhance its offerings, and expand its operations. The platform, established in 2020, connects farmers and agri-input retailers with seed and pesticide manufacturers.

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

YourStory

YourStory · 1m 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.

Flexiloans snags $35 mn in Series C round from three new backers

VCCircle

VCCircle · 11m ago

Flexiloans snags $35 mn in Series C round from three new backers

Mumbai-based lending startup Flexiloans has raised INR 290 crore ($34.5 million) in a Series C funding round from investors including global impact investors Accion and Nuveen and Nandan Nilekani's Fundamentum. The funds will be used to scale the company's operations and increase its assets under management (AUM) to INR 3,500-4,000 crore. Flexiloans provides loans to micro, medium, and small enterprises using alternative data sources for risk assessment. The latest funding round comes two years after the company's Series B funding, which raised $30 million.

Pixxel bags additional $24 million funding from M&G catalyst

Inshorts · 7m ago

Pixxel bags additional $24 million funding from M&G catalyst

Pixxel has secured an additional $24 million (₹203 crore) in its Series B funding round. This latest investment boosts Pixxel's total Series B funding to $60 million. The round saw participation from new investors, including M&G Catalyst and Glade Brook Capital Partners, who joined existing backers Google, Radical Ventures, Lightspeed and others in the cap table.

Battery Smart to raise $45M in Series B round

Inshorts · 1y ago

Battery Smart to raise $45M in Series B round

Delhi NCR-based battery-swapping startup Battery Smart is raising around INR 376.3 Cr (about $45 Mn) from existing and new investors in what seems to be a Series B funding round. The fundraise comes almost a year after the startup raised $33 Mn in its pre-Series B funding round from Tiger Global, Blume Ventures, EIF, and BII.

Fintech Niro in talks for pre-Series B funding, eyes valuation bump

VCCircle

VCCircle · 1y ago

Fintech Niro in talks for pre-Series B funding, eyes valuation bump

Bengaluru-based consumer fintech startup Niro is in talks to secure pre-Series B funding at a higher valuation than before. The company, backed by Elevar Equity and GMO Ventures, is an embedded lending platform. It is currently raising funds for its pre-Series B funding round.

Legora Raises $80M Series B at $675M Valuation, ICONIQ and General Catalyst Lead Investment | DeepNewz Sweden

Business Bytes

Business Bytes · 2m ago

Legora Raises $80M Series B at $675M Valuation, ICONIQ and General Catalyst Lead Investment | DeepNewz Sweden

Legal AI company Legora has raised $80 million in a Series B funding round, valuing the company at $675 million. The funding round was led by ICONIQ and General Catalyst.

UAE proptech Huspy raises $59M to scale in Europe | TechCrunch

TechCrunch · 1m ago

UAE proptech Huspy raises $59M to scale in Europe | TechCrunch

Huspy, a UAE-based proptech startup, is transforming the digital home-buying experience by simplifying the mortgage and property listing processes. Founded by Jad Antoun, the company has secured a $59 million Series B funding round to expand its operations in the Middle East and Europe, including a launch in Saudi Arabia. With a model resembling Uber for real estate, Huspy operates in multiple cities, partnering with banks and agents to offer efficient mortgage solutions and property leads, achieving significant market traction.

What is food and beverage maker Yu planning after its Series B funding?

VCCircle

VCCircle · 9m ago

What is food and beverage maker Yu planning after its Series B funding?

Instant food and beverage brand Yu has raised Rs 55 crore (approximately $6.5 million) in its recent Series B funding round. The company plans to use the funds to expand its presence in domestic and international markets. This funding round comes three years after its Series A round. The round was led by undisclosed investors.

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