Quick commerce firm Zepto valued at $900 million, gets $200 million
Quick commerce startup
Zepto has closed a $200 million funding round led by existing investor YC Continuity Fund, the growth-stage fund run by Silicon Valley’s famed accelerator Y Combinator. Zepto’s valuation has hit $900 million after the latest round.
Absolute raises $100 million in funding led by Sequoia Capital, Alpha Wave, Tiger Global
Agritech startup Absolute
has raised $100 million across recent funding rounds from Sequoia Capital India, Alpha Wave Global, and Tiger Global. The company will use the funds to bolster its three core platforms — bioscience research platform, universal Farm OS, and global trade platform, it said.
ETtechIllustration: Rahul Awasthi
Neobank Open turns unicorn after $50 million funding led by IIFL
Neobank
Open has closed a $50 million financing led by IIFL Finance along with participation from existing investors Temasek, Tiger Global and 3one4 Capital, people briefed on the matter said. With this, Open has entered the unicorn club with a valuation of $1 billion. It claims to be the 100th unicorn minted in India.
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Uday Shankar and James Murdoch’s Bodhi Tree invests $600 million in Allen Career Institute
Uday Shankar and James Murdoch-backed Bodhi Tree Systems has reached an agreement to acquire a significant minority stake in Kota-headquartered Allen Career Institute.
Bodhi Tree will be investing $600 million (around Rs 4,500 crore) in Allen. It is learnt that Bodhi Tree will be raising close to $2 billion over the next few months to fund both the deals.
Redcliffe Lifetech raises $61 million in funding led by LeapFrog Investments
Omnichannel diagnostics platform
Redcliffe Lifetech has raised $61 million in its Series B round, led by LeapFrog Investments, with participation from Healthquad, Schroders, LC Nueva, Growth Spark Ventures, as well as existing investors Chiratae Ventures and Alkemi Venture Partners.
Redcliffe said it will use the fresh capital to expand its geographic reach across tier II and III cities.
API security firm Traceable AI raises $60 mn in Series B round
Traceable AI
has raised $60 million in its Series B round, led by Institutional Venture Partners (IVP) and others like Tiger Global Management as well as existing investors Unusual Ventures and BIG Labs. The application programming interface (API) security and observability company said the new funding round values it at more than $450 million.
Dental startup Toothsi raises $40 million funding led by Eight Roads Ventures and others
Toothsi, a dental startup
has raised $40 million in funding from Eight Roads Ventures, South Korea-based Paramark, IIFL, among others. The startup will use the funds to further its geographic penetration and for category expansion, it said in a release.
Automation-as-a-Service solution provider Element5 raises $30 million in funding
Automation-as-a-Service solution provider
Element5 on Tuesday said it has raised $30 million in a Series B funding round led by Insight Partners. The company said its latest strategic investment is aimed at accelerating the adoption and deployment of advanced automation solutions across various service lines within the $400 billion post-acute care market.
Other notable deals
■ Toplyne, which provides sales software for product-led companies,
has raised $15 million as part of its latest funding round, led by Tiger Global and Sequoia Capital India. The company said it will use the funds to deliver on the product roadmap, and scale up its data science, engineering, product, and design teams.
■ Even flow Brands (Evenflow), an ecommerce rollup said it
has closed a funding of $5 million from a clutch of investors. The startup will use the funds raised in this fresh round to expand its team size, acquisition, and enhance its tech and operations.
■ Tan90, a company providing innovative thermal management solutions to businesses, has
raised pre-Series A funding of Rs 5 crore led by Blue Ashva Capital.
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