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OmniCard Bags $3 Mn Funding
Inc42
·
12m ago
Medial
OmniCard, a spend management startup, has raised $3 million in a pre-Series A funding round led by Ankurit Capital and Taisys. The company plans to expand its customer base from 2 million users to 10,000 enterprises by FY 2027. This investment also represents Taisys' first investment in an Indian startup.
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Ankurit Capital leads $3 million investment in fintech startup OmniCard
Economic Times
·
12m ago
Medial
OmniCard, a business spend management startup, has raised $3 million in a Pre series A round led by Ankurit Capital and Taisys. OmniCard offers a SaaS platform, mobile app, and UPI-enabled corporate cards to cater to businesses' diverse needs. It is licensed by the RBI for Prepaid Payment Instruments (PPI) and aims to deliver cost savings to over 10,000 enterprises by 2027. Venture Capital Fund Ankurit Capital is investing from its maiden fund, led by women general partners Ankhi Das and Ntasha. Taisys, a Taiwanese technology company, made its first investment in an Indian startup through OmniCard.
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Atomicwork Bags $3 Mn To Boost Workflow Automation For Enterprises
Inc42
·
9m ago
Medial
HRtech startup Atomicwork has raised an additional $3 million in seed funding from over 40 investors, including industry veterans and C-suite executives. This brings the total funding raised by the company to $14 million. The new funds will be used to further develop their AI-driven service management solutions and expand their presence in the United States.
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RupeeRedee’s NBFC FincFriends Bags $7.8 Mn In Debt & Equity
Inc42
·
1y ago
Medial
Digital lending platform RupeeRedee's non-banking finance company (NBFC) arm, FincFriends, has raised $7.8 million in a strategic funding round. InCred Finance and Grow Money Capital led the financing, injecting $3 million in equity, while APV Management contributed the remaining amount in equity and debt. The funding will be used to support FincFriends' growth, expand its product portfolio, and scale its operations. FincFriends offers digital loans and financing solutions, catering to underserved customers in India's digital lending ecosystem. Despite increased scrutiny on the sector, digital lending continues to attract entrepreneurs and investors.
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Fabrication Bazar Bags $3 Mn To Solve Steel Fabrication Challenges
Inc42
·
10m ago
Medial
Fabrication Bazar, an asset-light startup addressing challenges in India's steel fabrication industry, has raised $3 million in a Pre-Series A funding round. Led by Physis Capital, the round also saw participation from ICMG and Inflection Point Ventures. The funds will be used to enhance the company's technology platform, expand into the GCC and Southeast Asian markets, and strengthen leadership roles. The successful funding round validates Fabrication Bazar's focus on efficiency, cost-effectiveness, and quality standards.
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Snack Brand Troo Good Bags $9 Mn Led By Puro Wellness
Inc42
·
9m ago
Medial
Troo Good, a millet-based snack company based in Hyderabad, India, has raised $9 million in a funding round led by Puro Wellness. The funding will be used to expand the company's infrastructure and distribution network as well as further product development. Troo Good is focused on offering healthy snacks made from millets and has seen significant success, selling over 3 million units daily and reporting a 7% revenue growth in the last fiscal year.
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Chai Kings bags $3 Mn in Series A round
Entrackr
·
4m ago
Medial
Snippets Chai Kings bags $3 Mn in Series A round Chennai-based chai retail chain Chai Kings has raised $3 million (Rs 24 crore) in its Series A funding round from A.V. Thomas and Co. (AVT). Chennai-based chai retail chain Chai Kings has raised $3 million (Rs 24 crore) in its Series A funding round from A.V. Thomas and Co. (AVT). Earlier in January 2020, the tea brand had raised $1 million in its seed round from Chennai Angels (TCA), Hyderabad Angels and TiE India Angels. As part of this round, The Chennai Angels (TCA) are making a partial exit with substantial returns. The proceeds will be used to accelerate its expansion plans, enhance its product offerings, and further strengthen its supply chain. It will also be used in customer engagement and operational efficiencies. Founded by Jahabar Sadique and Balaji Sadagopan, Chai Kings offers a premium and hygienic chai experience, serving a diverse range of tea blends with a focus on quality, sustainability, and customer delight. Since its inception in 2016, Chai Kings claims to have operated 57 stores across Chennai, Hyderabad, and Coimbatore. The brand is known for its quality tea offerings, sustainable packaging, and customer-centric approach. Chai Kings claims that it will close FY25 with a revenue of Rs 48 crore with a positive EBITDA. The firm has plans to double its revenue over the next two years while maintaining profitability.
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Nivara Home Finance bags $10 mn from Baring PE India
VCCircle
·
1y ago
Medial
Indian housing finance company, Nivara Home Finance, has raised $10 million from Baring Private Equity Partners India. Nivara plans to use the funding to support company growth and expansion. The company provides affordable housing finance to micro-entrepreneurs and salaried customers in Tier 2, 3, and 4 markets in India. Currently operating in five states, Nivara has maintained a robust asset quality and has a gross non-performing asset ratio of 0.58%.
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Renewed smartphone brand ControlZ Bags $3 Mn To Boost Automation, Product Stack
Inc42
·
1y ago
Medial
Renewed smartphone brand ControlZ has secured $3 million in seed funding to enhance its automation capabilities and establish advanced testing labs. The funding round was co-led by 9 Unicorn and Venture Catalysts and involved a combination of debt and equity infusion. ControlZ specializes in the refurbishment of pre-owned devices, both cosmetically and functionally, increasing their lifecycle. The company aims to offer consumers pre-owned devices that look and function like new. The funding comes at a time when the Indian smartphone market is experiencing growth, with major global players expanding their presence in the country.
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Mortgage Distribution Startup BASIC Home Loan Bags $10.6 Mn From BII, Others
Inc42
·
9m ago
Medial
BASIC Home Loan, a lending company, has raised $10.6 million in Series B funding. The funds will be used to expand its market reach, improve its technology, and grow its lending portfolio. With over $12 billion in processed loans and $1.1 billion disbursed through its network of 90 banks and financial institutions, the company plans to enter 13 new cities and focus on serving low-income borrowers in Tier 2-3 cities. This expansion strategy is expected to contribute to the company's revenue growth, which has seen significant progress in the past two years.
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EV Component Maker Indigrid Technology Bags $5 Mn
Inc42
·
1y ago
Medial
Indigrid Technology, a full stack EV component provider, has raised funding in a round led by Cactus Partners. The funding will be used to expand production capacity and invest in research and development for its EV and ESDM verticals. Founded in 2015, Indigrid Technology has in-house design and manufacturing capabilities.
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