Chaipoint has raised $ 20 million in its new round of fundings. The funding was done by Paragon Partners, a mid-segment private equity investor, while existing investors, including Eight Roads (Fidelity’s India PE arm), Saama Capital and DSG also participated in the round.
The company aims to utilize the funds to grow the number of automated hot beverage dispensing machine. The company also aims to invest heavily in its delivery units which has been growing enormously with the help of Swiggy and Zomato.
- Breathe Well-being:
Breathe well being is a company that helps people prevent and manage type-2 diabetes in the country. It has raised $5.5 million in Series A led by Accel. The round saw participation from marquee investors like General Catalyst and Scott Shleifer, Global MD, Tiger Global.
“Our mission is to help 1 million Indians reverse Type 2 Diabetes by 2025. We are focusing on enhancing patient experience by scaling our technology platform, strengthening medical & coaching academy, community protocols and game design. This fundraise will also help us ramp up our hiring and marketing efforts. We will be aggressively hiring not only for core operations but across the board,” said Rohan Verma, co-founder & CEO, Breathe Well-being.
Bewakoof is a fashion clothing D2C company (Direct to consumer) which has raised 60 Crores in pre Series B funding with this the company has raised around 170 Crores till date. It aims to increase it sales to around 2000 crores till 2025.
Khatabook, a leading fintech start-up, has closed a $100 million Series C funding round, with a valuation now close to $600 million. The round was led by US-based VC firms Tribe Capital and Moore Strategic Ventures (MSV). The startup is also buying back $10 million worth of ESOPs (employee stock ownership plan) to acknowledge and reward employees, ex-employees, and early investors who contributed to the company’s growth. Eligible employees will be able to sell as much as 30 per cent of their vested options. Khatabook has also expanded its ESOP pool to $50 million.
Actor John Abraham and a clutch of venture capital (VC) funds have invested Rs 4 crore in NOTO, the low-calorie and high-protein icecream brand. The VC funds, who have invested alongside the actor in the pre-Series A round, include Titan Capital, Rockstud Capital, and WEH Ventures, an official statement said adding that some angel investors also participated. Founded by the couple Varun and Ashni Sheth in 2018, the brand will invest the money raised in geographical expansion, product development and hiring talent, the statement said.
Smallcase, a leading capital markets-focused fintech company, has raised $40 million in a Series C round led by Faering Capital. The round also saw participation from new investors Amazon Smbhav Venture Fund (ASVF) and Premji Invest, apart from existing investors including Sequoia Capital India, Blume Ventures, Beenext, DSP Group, Arkam Ventures, WEH Ventures, HDFC Bank Group and Utpal Sheth (CEO, Rare Enterprises). The round brings the total capital raised by smallcase to over $60 million.
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