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Asia Impact leads Agrim’s Series B funding round

VCCircle

VCCircle · 12m 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 · 12m 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 · 2m 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.

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.

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

Inshorts · 8m 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.

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.

Hospitality Startup ELIVAAS Raises INR 87 Cr To Expand To Southeast Asia

Inc42 · 17d ago

Hospitality Startup ELIVAAS Raises INR 87 Cr To Expand To Southeast Asia

Elivaas, a hospitality startup, raised INR 87 crore (about $10 million) in a Series B funding round led by Vertex Ventures, with participation from existing investors such as Peak XV Partners’ Surge and 3one4 Capital. The Delhi NCR-based company plans to use the funding to expand its presence in Southeast Asia, enhance its AI technology stack, and strengthen brand building. Elivaas provides services to property owners, travelers, and housekeepers in the hospitality sector.

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

Business Bytes

Business Bytes · 3m 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.

API Banking Startup TransBnk Nets $25 Mn Series B

Inc42 · 1d ago

API Banking Startup TransBnk Nets $25 Mn Series B

TransBnk, a Mumbai-based fintech startup, raised $25 million in a Series B funding round led by Bessemer Venture Partners, with participation from Arkam Ventures, Fundamentum Partnership, 8i Ventures, Accion Venture Labs, and GMO Venture Partners. Founded in 2022, the company provides an API-based banking platform connecting corporates, fintechs, and lenders to multiple banks. With the new funding, TransBnk plans to expand its presence in Southeast Asia, the Middle East, and strengthen its operations in India.

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