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Sequoia and Greylock lead $50 Mn round in Aspora
Entrackr
ยท
1m ago
Medial
Aspora, a cross-border financial technology company formerly known as Vance, has raised $50 million in a Series B funding round co-led by Sequoia and Greylock. The round saw participation from Hummingbird, Quantum Light Ventures, and Y Combinator. According to Aspora, it has raised over $99 million in funding to date, and the current round values the company at $500 million. Aspora is a global fintech firm focused on cross-border money transfers for non-resident Indians (NRIs). The platform provides remittance services with Google exchange rates. It enables transfers from five countries, including the UK, UAE, and Germany, and claims to have processed over $2 billion, saving users more than Rs 150 crore ($17.5 million) in foreign exchange fees. According to Aspora, it is regulated by the Financial Conduct Authority (FCA) in the UK and works with banks governed by the Reserve Bank of India (RBI). Founded in 2022 by Parth Garg, Aspora was part of Y Combinatorโs Winter 2022 batch and recently underwent a rebranding exercise. The company raised $5.8 million in its seed round led by Hummingbird Ventures with participation from Global Founders Capital, Y Combinator, Soma Capital and angels such as Alan Rutledge and Gokul Rajaram.
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NRI-focused fintech Aspora closes $53M round to broaden reach
YourStory
ยท
1m ago
Medial
Aspora, a fintech startup focused on serving the Indian diaspora, has secured $53 million in a Series B funding round led by Sequoia Capital and Greylock. The London-based company aims to expand its financial services into new markets like the US, Canada, Australia, and Singapore. Founded in 2022, Aspora provides fee-free remittance services and seeks to offer a comprehensive financial platform for immigrants. Currently, it serves over 250,000 users, primarily in the UAE.
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Cross-border digital payments startup Aspora raises $93 million from Sequoia Capital, Greylock and others
Economic Times
ยท
1m ago
Medial
Aspora, a cross-border payments startup, raised $93 million across three equity funding rounds from September 2024 to May 2025, reaching a valuation of $500 million. Investors included Sequoia Capital, Greylock Partners, and Quantum Light, with participation from notable angel investors. Initially based in Bengaluru, Aspora relocated to London to streamline global operations. The company, benefiting from its name change from Vance, primarily services immigrants in the UK, EU, and UAE, with plans to expand into the US and beyond.
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Ramp raises another $150 million co-led by Khosla and Founders Fund at a $7.65B valuation
TechCrunch
ยท
1y ago
Medial
Spend management startup Ramp has raised $150 million in a funding round led by Khosla Ventures and Founders Fund. The round also saw participation from Sequoia Capital, Greylock, and 8VC, among others. The latest investment brings the company's valuation to $7.65 billion. Ramp plans to use the funding to enhance its AI capabilities and automate processes, as well as for potential acquisitions. The company counts over 25,000 companies as customers and has seen significant revenue growth.
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Aspora gets $50M from Sequioa to build remittance and banking solutions for Indian diaspora | TechCrunch
TechCrunch
ยท
1m ago
Medial
Aspora, formerly Vance, focuses on creating a comprehensive financial experience for the Indian diaspora, with remittances as a primary offering. The company has experienced substantial growth, increasing its remittance volume from $400 million to $2 billion in a year. It raised $50 million in Series B funding, valuing the company at $500 million. Aspora plans to expand its services, launch in new markets, and offer diverse financial products tailored for non-resident Indians (NRIs).
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New Atlantic Ventures pours $5 Mn in bus aggregator Shuttl
Entrackr
ยท
1y ago
Medial
In a funding round led by US-based venture capital firm New Atlantic Ventures, bus aggregator Shuttl has raised $5 million. Last month, it raised $7-8 million from Sequoia Capital and Lightspeed Ventures. The startup aspires to take the round up to $20 million and its valuation is expected to cross $150 million mark. Recently, it tied up with Delhi utility BRPL to add 300 electric buses and install more than 50 charging points in Delhi. (Source)
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Sequoia nears first Asia-Pacific deal since regional split
TechCrunch
ยท
8m ago
Medial
Venture capital firm Sequoia is reportedly in advanced talks to invest in Indian cross-border payments startup Vance, in what would be its first deal in Asia Pacific since splitting from its former partners last year. Sequoia India rebranded as Peak XV Partners, while Sequoia's China unit became HongShan. Both firms are now showing signs of expanding into each other's territories. If the Vance deal goes ahead, Sequoia UK is proposed to lead a funding round worth between $30m and $32m. Sequoia and Vance declined to comment on the reports.
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Convin Bags $6.5 Mn To Help Enterprises With Sales Intelligence Solutions
Inc42
ยท
11m ago
Medial
Convin, a conversational intelligence platform, has raised $5 million in a Series A funding round led by Sequoia Capital India. The round also included participation from existing investors Kalaari Capital, Titan Capital Winners Fund, Sparrow Capital, and 100 Unicorns. Founded in 2020, Convin has experienced significant growth, serving over 80 clients, including major brands like Reliance Nippon, Puravankara, Titan, Thyrocare, and Lazypay. The company aims to help businesses improve customer interactions through its advanced conversational intelligence technology.
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Musk gives 25% of xAI stake to those who funded Twitter buyout: FT
Inshorts
ยท
8m ago
Medial
Elon Musk has given 25% of shares in his AI startup xAI to investors who helped fund his $44-billion Twitter (now X) takeover, Financial Times reported. This comes as xAI is reportedly set to raise $5 billion at an increased valuation of $50 billion. Fidelity, Sequoia and Jack Dorsey are among the investors set to benefit from the funding round.
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ETtech Deals Digest: Startups raise $159 million this week, down 7.2% on-year
Economic Times
ยท
1m ago
Medial
During the week of June 14 to 20, startups raised approximately $159.2 million, a 7.2% decline from the same period last year, according to Tracxn data. Deal activity remained low with only 14 transactions, compared to 36 from the previous year. Notable deals included Aspora, a Y Combinator-backed startup, securing $53 million in Series B funding, and Mahaveer Finance raising around $23.1 million in an equity funding round.
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Elon Muskโs startup xAI valued at $50 billion in new funding round
Livemint
ยท
8m ago
Medial
Elon Musk's artificial intelligence startup, xAI, has reportedly raised $5 billion in a funding round, valuing the company at $50 billion. The funding comes from investors including Qatar Investment Authority, Valor Equity Partners, Sequoia Capital, and Andreessen Horowitz. This brings xAI's total raised amount to $11 billion this year, with its valuation increasing from $24 billion to $50 billion. The funds will be used to purchase additional Nvidia chips and further develop AI models. xAI's primary product is the Grok chatbot, which is available to subscribers of Musk's social network X.
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