Curefoods, a cloud kitchen player, has raised INR 80 crore in debt funding from investors Binny Bansal and Jitender Kumar Bansal. This latest funding marks another milestone for Curefoods, which has seen rapid growth and acquisitions in recent years. The company is well-positioned to continue its expansion in the competitive cloud kitchen space. The latest INR 80 crore debt funding from Binny Bansal and Jitender Kumar Bansal comes just six months after Curefoods raised $25 million in its Series D round from Three State Ventures, a fund led by Binny...

Omnichannel jewelry startup Giva has successfully raised $12 million (INR 100 crore) in an extended Series B round led by Premji Invest. This funding marks the first capital raised by Giva in 2024, boosting its financial strength as the company continues to grow. Giva’s board passed a resolution approving the issuance of 68,028 Series B1 Compulsorily Convertible Preference Shares (CCPS) to PI Opportunities Fund II (Premji Invest) at INR 14,700 per share. Notably, this is the third investment by Premji Invest, following its INR 270 crore Series B round in...

Whatfix, a digital adoption platform (DAP), has raised $125 million in its Series E funding round to expand its market presence in the AI and SaaS sectors led by Warburg Pincus. The round also witnessed participation from existing backer SoftBank Vision Fund 2. This funding surge highlights a renewed interest in venture capital, particularly within India’s AI and SaaS sectors, as investors increasingly open their wallets after a previous slowdown. According to sources familiar with the deal, the latest funding round valued Whatfix at $790 million pre-money and approximately $870...

PhysicsWallah, a leading Indian edtech platform, has raised $210 million in its Series B funding round led by Hornbill Capital and Lightspeed Venture Partners to enhance its K-12 education offerings and expand its offline education and AI-powered tools. The round saw participation from existing investors WestBridge Capital and GSV Ventures. This investment pushes PhysicsWallah’s valuation to $2.8 billion, a remarkable leap from its previous $1.1 billion valuation. In a challenging environment for the global edtech sector, this funding round reflects strong investor confidence in PW’s mission to democratize education, particularly...

Visa processing platform Atlys has secured $20 million in a Series B funding round co-led by Peak XV Partners and Elevation Capital to leverage predictive engine and advanced security measures to support global expansion, ensuring travelers can confidently navigate their journey with a streamlined process that covers every aspect of their travel needs. The round saw strong participation from existing and new investors, including DST Global and Headline. With this fresh capital, Atlys plans to further disrupt the visa processing industry by scaling operations, expanding into new markets, and enhancing...

M2P Fintech, an API infrastructure platform, has raised over $100 million through a mix of primary and secondary capital in its Series D financing round led by Helios Investment Partners, with plans to expand into Africa. This round values the API infrastructure platform at over INR 6,550 crore, equivalent to $790 million. The financing round saw participation from existing investors, including Flourish Ventures and marquee banks across Asia. Of the $100 million, approximately $70 million came from primary investments, with the rest raised through secondary transactions. “We are thrilled to...

Fintech company Kaleidofin has raised $13.8 million in funding to expand its lending portfolio by leveraging its Ki Score and credit scoring technology to provide financial services to the informal economy. The round was led by Rabo Partnerships B.V., along with participation from existing investors, including the Michael & Susan Dell Foundation, Oikocredit, Omidyar Network India, and Flourish. The funding will enhance Kaleidofin’s lending portfolio and expand its Ki Score risk infrastructure for the informal sector. Founded in 2017, Kaleidofin provides financial services to low-income individuals and businesses in the...

Redcliffe Labs, an omnichannel diagnostics service provider, has raised $42 million in Series C funding led by Denmark’s Investment Fund for Developing Countries (IFU) with a $20 million contribution to expand its health services across Tier-II and Tier-III cities. Existing investors LeapFrog Investments added $15 million. The remaining funds came from HealthQuad and Spark Growth Ventures. Redcliffe Labs plans to strengthen its presence in Tier-II and Tier-III cities across India with the new capital. The funds will support opening more lab collection centers and expanding its home collection network. The...

Bengaluru-based fintech start-up Moneyview has officially joined the unicorn club with a valuation of $1.2 billion following its recent funding round led by Accel India and Nexus Venture Partners, which further expanded by acquiring Jify. The company, known for providing personal loans and credit score tracking, raised $4.65 million by issuing over 6 million equity shares at INR 64.15 each. This move signals Moneyview’s growing influence in the financial sector. Moneyview, Expansion and Acquisition of Jify As part of its growth strategy, Moneyview acquired fellow fintech start-up Jify, which offers...

Wealthtech startup Centricity secured $20 million in a seed round led by Lightspeed, with participation from MS Dhoni Family Office, to enhance financial product distribution through generative AI, raising its valuation to $125 million. The round saw participation from notable investors like Burman Family Office, Shantanu Agarwal, Paramark VC, and MS Dhoni Family Office. This new investment propels Centricity’s valuation to $125 million, a significant jump from its $20 million pre-seed valuation in 2022. The funds will help Centricity scale its platforms, Invictus and OneDigital, as it expands its private...