In a move set to shake up India’s micro and small business lending space, Hiranandani Financial Services (HFS) has raised a whopping ₹800 crore ($91.5 million) in its maiden external equity funding round. The capital infusion comes from Vitruvian Partners, a global investment firm known for backing high-growth companies worldwide.
With this fresh funding, HFS, backed by real estate giant House…
In an exciting move for the SaaS startup scene, BiteSpeed, a Bengaluru-based startup, has secured $3.5 million in funding from Peak XV Partners’ Surge Program. This new investment will fuel BiteSpeed’s expansion, helping the company boost its marketing, sales, and technical capabilities while also growing its global presence in North America, Europe, the Middle East, and Southeast Asia.
Since…
Finix is making waves in the payment processing arena, announcing a robust $75 million fundraising round aimed at taking on industry giant Stripe. After years of establishing itself by helping businesses set up their internal payment systems, Finix officially became a payment processor in 2023, positioning itself for a significant competitive push.
In an exclusive interview with TechCrunch, CEO…
Zomato is making headlines once again! The Indian food delivery giant announced plans to raise $1 billion through a qualified institutions placement, marking its first major fundraising effort since its IPO in 2021. This move comes at a crucial time, just weeks ahead of rival Swiggy’s highly anticipated IPO, where it aims to raise $1.4 billion.
Market analysts were surprised by Zomato’s…
Mira Murati’s Next Chapter
Mira Murati, the former Chief Technology Officer of OpenAI, is stepping into the entrepreneurial arena. After announcing her departure last month, she is now on the hunt for venture capital funding for a brand-new AI startup, as reported by Reuters. This venture aims to develop innovative AI products built on proprietary models, with plans to raise over $100 million in…
“Health Insurtech Qantev Secures €30 Million to Revolutionize Claims Management with Specialized AI”
Health and life insurance providers are grappling with an increasing volume of claims driven by chronic diseases and an aging population. Traditional processes struggle to scale, but Paris-based startup Qantev is here to change that. The company has just raised €30 million in its Series B funding round, aiming to outperform larger AI models with its suite of tailored, small AI…
In the competitive landscape of sales development, Bengaluru-based startup Revrag.ai is making waves with its AI-powered assistant, Emma. Designed to streamline repetitive tasks for sales teams, Emma enables professionals to focus on high-value activities, significantly enhancing productivity and efficiency.
Addressing the Challenges of Sales Development
Sales Development Representatives (SDRs)…
Titan Capital Winners Fund, led by Snapdeal co-founders Kunal Bahl and Rohit Bansal, has successfully raised its target corpus of INR 200 crore. The fund’s primary focus will be on investing in follow-on rounds for standout companies from its seed-stage portfolio, using high-signal data to guide investment decisions.
Bahl and Bansal, as the largest investors, emphasize their commitment to…
Small and Medium Enterprises (SMEs) are increasingly leveraging capital markets for funding, with a reported 780 SMEs listed on the NSE and BSE as of June 2023. These companies have collectively raised approximately ₹11,000 crore. Shekhar Chaudhary, director of the financial markets division at the Department of Economic Affairs, shared these insights at the 10th edition of the CII (East)…
