LATEST STARTUP FUNDING ALERT | Startup Funding Explained in Hindi | Indian Startup Funding
Agri supply chain startup Kamatan Farm Tech has raised $4 million (Rs 30 Cr) from Samunnati Agro Solutions.
Kamatan formed by the merger of two agri-tech startups LivLush and Sabziwala in 2018.
The company is led by former Indian Administrative Services officer Pravesh Sharma.
The firm works with over 70 farmer produce organisations (FPOs) and has supported over 30,000 farmers across 20 cities to procure, source, store, conduct quality control and provide logistics solutions.
The funds will be used to expand linkages with FPOs as well as to explore new fields like input supplies for produce, financial linkages and technology solutions for production.
Blackbuck, a logistics-technology startup has raised $8 million (Rs 56 crore) from Trifecta Capital along with participation of Sands Capital and International Finance Corporation.
Blackbuck was founded in 2015 by Rajesh Yabaji, Chanakya Hridaya and Ramasubramaniam B.
The company provides B2B logistics solutions for long-haul trucking. It brings together shippers and truckers through its online marketplace to facilitate inter-city freight transportation. It has over 300,000 trucks and more than 60,000 transporters on its platform.
The funds will be used for geographic expansion and enhance technology and data science capabilities.
Mosaic Wellness,a consumer brands company has raised $10 million (Rs 70 Cr) from SAIF Partners, Sequoia Capital, and Matrix Partners along with participation of Jitendra Gupta and Kunal Shah.
The company is formed by Revant Bhate and Dhyanesh Shah. It is a digital-first, multi-brand consumer goods company.
The capital will be invested for hiring talent, and research and development.
Infra.Market, a B2B marketplace for real estate and construction materials, has raised $20 million (Rs 144 Cr) from Tiger Global, Nexus Venture Partners, and Accel.
Infra.Market was founded in 2016 and has presence in Mumbai, Pune and Bengaluru.
It provides products such as ready-mix concrete, fly ash and construction chemicals, among others.
The startup will use the funds for expansion in cities such as Hyderabad, Ahmedabad, and Chennai.
Ess Kay Fincorp Ltd:
Ess Kay Fincorp Ltd, a fincorp has raised $33 million (Rs 235 Crores) from TPG, Norwest Venture Partners, and Evolvence India. The firm was founded in 1994 by Rajendra Setia.
The commercial vehicle financier helps low-income and self-employed individuals to buy used commercial vehicles, tractors, cars and two-wheelers. It has over 130,000 customers has a loan book of Rs 2,500 crore.
The firm will use the funds to expand its geographical presence and improving its services.
Acko, online insurance startup has raised $36 million (Rs 250 Cr) from Binny Bansal and Ascent Capital.
Acko was founded in 2016 by Varun Dua. Acko utilises data and analytics to provide highly personalised direct-to-consumer automotive insurance products like automobile insurance, smartphone insurance, travel insurance. It also provides micro-insurance facilities. It has partnered with more than 15 consumer internet players including Ola, Amazon, redBus, Zomato, and UrbanClap.
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