Wealth and asset management firm Neo secured Rs 400 crore ($48 million) in a Series B round led by MUFG Bank and Euclidean Capital, with Peak XV Partners participating. The funds will expand Neo’s wealth management division and support its asset management business. Neo manages Rs 35,000 crore in assets.
Oyo secured Rs 1,457 crore ($175 million) in a Series G round from investors including InCred Wealth, Patient Capital, and ASK Financial Holdings. Despite the investment, Oyo’s valuation remains at $2.38 billion, down 70% from 2021. The funds will support growth, global expansion, and acquisitions.
This week, 8 growth-stage startups secured $104.8M, led by Visit Health with $30M. Early-stage funding saw 19 startups raise $9.8M. Bengaluru led city-wise deals with 11. Notable investments include ShareChat ($16M), Country Delight ($8.45M), and ShopDeck ($7.85M). Two startups, IppoPay and FlexiBees, didn’t disclose their amounts.
Seychelles-based Blockscout, an open-source block explorer for EVM-based chains, raised $3M in Seed funding led by 1kx, with contributions from Primitive Ventures, Gnosis, and several angels. The funds will enhance their product suite, improve user experience, and integrate AI-enabled tools. Blockscout serves over 600 networks, including Filecoin and Arbitrum.
Totowa, New Jersey-based Sendsprint acquired Nobel Financial Inc., expanding its ability to support money transfers from 16 US states to African countries like Nigeria, Ghana, and Kenya. Nobel Financial, founded in 2014, offers remittance services to over 32 countries and allows in-kind gifting alongside money transfers.
Berlin-based AI mental health startup Clare&me raised $4M in funding led by YZR. The funds will enhance its LLM and develop a second product for automating clinical interviews. Clare&me offers 24/7 conversational bot support via calls and messages, helping users manage anxiety with CBT-based exercises.
London-based AI startup Userled secured £4M in Pre-Seed funding led by LocalGlobe. Founded in 2023, Userled automates personalized marketing campaigns across platforms like email and LinkedIn, integrating with CRM systems for real-time tracking. The funds will be used to expand the team and enhance their martech products.
NuvoRetail, an e-commerce marketing and analytics company, has secured $350k in funding to develop its AI-ML driven platform, Enlytical.ai. The funds will support bid automation, insights, reporting, and global expansion. Launched in 2017, Enlytical.ai helps brands manage multiple e-commerce KPIs and optimize media spend for higher ROI.
Bengaluru-based used two-wheeler retailer BeepKart has laid off more than 100 employees, affecting over 20% of its workforce across various departments. The layoffs began shortly after the company’s April 2023 funding round, reportedly as part of a move to focus on profitability. BeepKart declined to comment.
Strasbourg-based preclinical CRO NovAliX, specializing in drug discovery services, received an investment from Bruker. The funds will accelerate NovAliX’s growth, particularly in Europe and the U.S. The partnership will advance drug discovery by combining NovAliX’s biophysics expertise with Bruker’s focus on structural biology and therapeutic mechanisms.
