Mortgage brand LoanKuber, operating Janasha Finance, raised $3.5 million in a pre-Series B round led by TRTL VC and Inflection Point Ventures. The funds will boost its assets under management, enhance tech infrastructure, and strengthen leadership. LoanKuber aims to scale its AUM to Rs 180 crore in 12 months.
SaaS startup Acadru secured $0.5 million in a pre-Series A round led by AIG Direct LLC. The funds will support market expansion and content development. Founded in 2016, Acadru offers a multidisciplinary online learning platform for students, featuring project-based activities and AI-powered profile generation.
Ben & Gaws Private Limited, the company behind manufacturing tech startup Fabrication Bazar, has raised $3 million in a pre-Series A round led by Physis Capital. The funds will be used to enhance its tech platform, expand into GCC and SE Asia markets, and strengthen its leadership team.
Brij Bhushan, co-founder of Magicpin, has joined Prime Venture Partners as a full-time venture partner. He will contribute to the firm’s investment, portfolio management, and fundraising efforts. Bhushan brings extensive experience from his time at Nexus Venture Partners and Magicpin, where he raised over $100 million.
Online lending platform axio (formerly Capital Float) has secured $20 million from Amazon’s Smbhav Venture Fund. The funds will drive growth, scale lending operations, and expand credit products. Axio has reached $1 billion in annualized disbursals and maintains a low NPA ratio of 2-3%.
Ola Electric, recently public, has witnessed a decline in its market share among electric two-wheelers, falling from 49% in Q1 FY25 to 33% in August 2024. Despite the drop, it remains the dominant player, with competitors like TVS and Bajaj gaining ground. Ola’s shares have risen to Rs 128 post-IPO.
US Investor Baron Capital has valued Swiggy at $14.74 billion as of June 2024, a slight dip from $15.1 billion in March due to rupee depreciation. As Swiggy gears up for its $1.25 billion IPO, the company faces financial challenges, including a $1,600 crore loss in FY24’s first three quarters.
An NYC-based company specializing in attention-based media quality measurement raised $1.4M in Seed funding, led by AperiamVentures. The funds will enhance product capabilities and support global team growth. Adelaide, led by CEO Marc Guldimann, offers a platform to improve advertising transparency and optimize campaign performance for large brands.
A Redwood City-based digital health platform raised $14M in Series A funding led by Inspired Capital, with participation from Craft Ventures, Torch Capital, and others. The funds will accelerate platform development and expand its network of healthcare advocates across the U.S.
Vancouver-based Borealis secured $150M in Series A funding, led by Versant Ventures and Novartis AG. The funds will enhance their RNA medicine development. Novartis also gains an option to acquire two future programs, potentially earning Borealis up to $750M through clinical and regulatory milestones.
