Emerging Entrepreneurs

Curefit secures ₹830-cr funding

Our Bureau | Updated on July 08, 2019 Published on July 08, 2019

Health and fitness start-up Curefit has raised about ₹830 crore ($120 million) in a Series D round led by existing investors Chiratae Ventures, Accel Partners, Kalaari Capital and Oaktree Capital. New investors Epiq Capital, Unilever Ventures, Innoven Capital and Kotak Mahindra Bank also participated in this round. The company will use the money to expand in India and globally.

Fintech start-up Open gets ₹210 cr

Tiger Global Management led a ₹210-crore ($30 million) Series B round in Bengaluru-based neo-banking venture Open, with participation from Tanglin Venture Partner Advisors and existing investors 3One4 Capital, Speedinvest and BetterCapital AngelList Syndicate. The company, which has so far raised $38 million, will use the fresh funds to launch more products, increase the team size and expand its reach to one million SMEs in the next 12 months.

₹7-cr seed funding for Recko

Fintech start-up Recko, which enables AI-powered reconciliation of digital transactions, has raised about ₹7 crore ($1 million) in seed funding from Prime Venture Partners. Recko, which has built a SaaS-based reconciliation product that keeps track of the complete transaction lifecycle and commercial contracts for organisations, will use the money to scale the business.

Unacademy receives ₹350 cr

Unacademy, a leading learning platform, has raised about ₹350 crore ($50 million) in a Series D round from Steadview Capital, Sequoia India, Nexus Venture Partners and Blume Ventures. Aakrit Vaish, co-founder and CEO, Haptik, and Sujeet Kumar, co-founder, Udaan, also participated in this round, along with Unacademy founders Gaurav Munjal and Roman Saini.

Kapil, others invest in WizCounsel

Former Indian cricket team captain Kapil Dev has led an angel round of ₹1 crore in WizCounsel, an online market network that helps people hire and manage freelance legal, tax and accounting experts. The company will use the money for marketing, sales and to strengthen current operations. Others who invested in the company include Sunil Kumar Gupta, Founder & Chairman, SARC Associates, and Manas Fuloria, Founder & CEO, Nagarro.

Published on July 08, 2019
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