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SuperOps.ai raises $12.4 million in funding from Addition, March Capital

Economic Times

Economic Times · 1y ago

SuperOps.ai raises $12.4 million in funding from Addition, March Capital

IT management services provider SuperOps.ai has raised $12.4 million in its latest funding round led by Addition and March Capital. The Indian software startup has now raised a total of $29.4 million in funding. SuperOps.ai plans to use the funds to expand its go-to-market strategy, focus on outbound sales, invest in research and development, and integrate artificial intelligence into its products. The company also aims to enter the IT operations space and expand its software offerings to emerging markets.

Related News

ETtech Deals Digest: Indian startups raise $160 million this week, up 75% on-year

Economic Times

Economic Times · 2m ago

ETtech Deals Digest: Indian startups raise $160 million this week, up 75% on-year

Indian startups raised approximately $160.3 million from June 7 to 13, a 74.7% increase compared to the previous year, according to Tracxn data. This was also a 12.4% rise over the previous week's funding of $142.7 million. Despite the higher funding values, only 16 deals were recorded, half of last year’s 34. Major deals included Cred's $72 million funding round and Flexiloans' $43.8 million in primary and secondary capital.

Bira91 parent raises ₹208 crore from Japan's Kirin Holdings

Inshorts · 1y ago

Bira91 parent raises ₹208 crore from Japan's Kirin Holdings

Beer company Bira91's parent B9 Beverages has raised $25 million (around ₹208 crore) through external commercial borrowing from Japanese beverage firm Kirin Holdings. The funding will be done through two tranches of $12.5 million each. B9 Beverages, which secured $25 million from Tiger Pacific Capital in March, has now closed the $50 million round, Moneycontrol reported.

Cyber security startup Silverfort raises $116 mln in late-stage fundraise

Reuters · 1y ago

Cyber security startup Silverfort raises $116 mln in late-stage fundraise

Identity protection company Silverfort has raised $116 million in a late-stage funding round, led by Brighton Park Capital. The funds will be used to expand and develop their existing product line. In addition, Silverfort has partnered with Microsoft. Although not planning an immediate public listing, the company may consider acquisitions after a year of robust growth. The funding round brings Silverfort's total capital raised to $222 million.

EV ride-hailing company BluSmart raises $24 million in funding

Economic Times

Economic Times · 1y ago

EV ride-hailing company BluSmart raises $24 million in funding

Electric vehicle ride-hailing startup BluSmart has secured $24 million in a funding round led by existing investors ResponsAbility Investments, cricketer MS Dhoni's Family Office, and ReNew founder Sumant Sinha. The funding will be used to expand operations and build EV charging infrastructure. BluSmart currently operates 7,500 EVs and aims to turn profitable on an EBITDA basis by March 2026. The company faces competition from Uber, Ola, Rapido, and Namma Yatri in the ride-hailing space. BluSmart previously struggled to raise external capital and received smaller funding instances totaling $66 million in previous years.

U GRO Capital Raises $30 Million From ADB

OutlookIndia

OutlookIndia · 1y ago

U GRO Capital Raises $30 Million From ADB

U GRO Capital, a datatech NBFC specializing in MSME lending, has raised Rs 2,500 million through Non-Convertible Debentures (NCDs) from the Asian Development Bank (ADB). This comes in addition to the Rs 2,500 million financing from FMO, the Dutch entrepreneurial development bank, received in December 2023. With an asset under management of Rs 83,638 million, U GRO Capital has provided credit to around 90,000 small businesses. The company aims to bridge the credit gap in the MSME sector through technology and credit expertise.

SaaS startup SuperOps raises $25 million from March Capital, Addition, Z47

Economic Times

Economic Times · 7m ago

SaaS startup SuperOps raises $25 million from March Capital, Addition, Z47

SuperOps, an IT management SaaS provider, secured $25 million in Series C funding, led by March Capital, to expand AI R&D, and its enterprise offerings, and enhance global reach. The total funding now stands at $54.4 million. Founded in 2020, SuperOps offers unified IT service platforms and aims to enter the broader IT market. With a tripled customer base across 104 countries, it also launched AI guide Monica, enhancing operational efficiency significantly.

Footwear brand Inc.5 raises maiden institutional funding of $10 million

Economic Times

Economic Times · 1y ago

Legacy footwear brand Inc.5 Shoes has secured its first venture funding of $10 million in a round led by Carpediem Capital, with participation from Param Capital and P3 Venture Fund. The Mumbai-based company, operating 74 stores and selling through online channels, plans to use the funds to expand its store and warehousing footprint, add new product categories, and strengthen its senior leadership. Inc.5 aims to have 100 stores by March 2024 and is looking to increase its warehousing capacity by over 25,000 square feet.

Monzo, the UK challenger bank with 9 million customers, raises $430 million

TechCrunch · 1y ago

Monzo, the UK challenger bank with 9 million customers, raises $430 million

London-based fintech company Monzo has raised $430 million in late-stage funding, confirming its post-money valuation of $5 billion. The funding, led by Google's CapitalG and GV, along with HongShan Capital and existing investors, marks a significant achievement given the decline in startup funding in Europe. Monzo, which provides digital-first UK current accounts and financial products, had faced challenges in the past, including a failed expansion into the US and a down round funding in 2020. However, its performance has since improved, with the company now boasting nine million retail customers and profitability achieved in March 2023.

Leverage Edu raises $40 million at $150 million valuation: Reports

Inshorts · 2y ago

Leverage Edu raises $40 million at $150 million valuation: Reports

Leverage Edu, an edtech startup, has secured $40 million in funding from various sources, including the US-based Educational Testing Service, as well as existing investors such as Blume Ventures and DSG Consumer Partners. Reports suggest that this funding round has led to a valuation of approximately $150 million for the startup. In March of the previous year, Leverage Edu raised $22 million, valuing the company at around $120 million.

Unicorn B2B startup Zetwerk raises $120M led by Avenir Growth Capital, others

IndianStartupNews

IndianStartupNews · 1y ago

Unicorn B2B startup Zetwerk raises $120M led by Avenir Growth Capital, others

B2B manufacturing marketplace Zetwerk has raised about $118 million in a funding round led by Avenir Growth Capital, valuing the company at $2.7 billion. The round also saw participation from investors like Footpath Ventures, Greenoaks Capital, Steadview Capital, D1 Capital, and Lightspeed. Zetwerk offers a managed marketplace for contract manufacturing and serves over 100 customers worldwide. This comes after the company raised $210 million in a Series F funding round in 2021, bringing its total funding raised to over $770 million.

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