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Figr, ZenStatement, Swara Fincare, three others bag funding

VCCircleVCCircle · 9m ago
Figr, ZenStatement, Swara Fincare, three others bag funding
Medial

- Figr, ZenStatement, Swara Fincare, Humm Care, and Deftouch have successfully raised funding in their respective sectors. - Figr, an AI-powered design platform, secured $2.25 million in Series A funding led by Kalaari Capital. - Sorich, a pharmaceutical packaging company, received a $1 million investment from BizDateUp to optimize production capacity and enhance working capital. - ZenStatement, an AI-powered finance automation and cashflow management platform, raised $1.62 million in seed funding led by 3One4 Capital and Boldcap VC. - NBFC Swara Fincare secured Rs 19.4 crore as part of Series A Funding, aiming to double its assets by the end of the financial year. - Humm Care, a health-tech platform offering employee healthcare benefits, raised an undisclosed amount in a seed round to scale its services and expand its reach. - Deftouch, an Indian game publisher, raised an undisclosed amount in a follow-on round to develop new games and talent for its gaming studio.

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Swara Fincare raises Rs 19.4 Cr in Series A funding

EntrackrEntrackr · 9m ago
Swara Fincare raises Rs 19.4 Cr in Series A funding
Medial

Tech-enabled non-banking financial company (NBFC) Swara Fincare has successfully raised Rs 19.4 crore ($2.3 million) in a Series A funding round led by UC Impower, with participation from Serica Angel Fund. The new funding will be used to promote financial inclusion for micro and small entrepreneurs, expand its distribution network, develop innovative products, and enhance its technology platforms, according to a press release from Swara Fincare. Founded in 2022 by Dev Verma, Mukund Madhav, and Sumit Ranjan, Swara Fincare aims to provide financial services to individuals and entrepreneurs in rural and semi-urban areas of India. Its offerings include customized financing solutions, life, health, and general insurance products, as well as loan account EMI payments and real-time tracking. Swara Fincare focuses on supporting the underbanked population and emerging entrepreneurs in India. The company collaborates with government agencies, NGOs, and other organizations to deliver financial literacy programs, training, and mentorship to its clients. Based in Gurugram, Swara Fincare operates 45 branches across Uttar Pradesh, Haryana, Rajasthan, Bihar, and Uttarakhand, impacting over 35,000 households. The firm has also secured debt support from more than 30 prominent financial institutions and banks, along with three co-lending partnerships to facilitate its growth. Other notable players in the NBFC sector include Funding Societies, Lendingkart, and AYEFin, among others.

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