Emerging Entrepreneurs

Toppr raises ₹45 crore

| Updated on March 10, 2018

Toppr, a mobile app for personalised learning for school students, has raised ₹45 crore in its second round of Series B funding, led by existing investors SAIF Partners, Helion Ventures and FIL Capital Management. The company had cumulatively raised $12 million in May 2014 and May 2015 in seed and Series B funding rounds to grow the platform. It will use the fresh round of funds to increase its geographical footprint and speed up user acquisition. The company expects the capital to take it to full profitability.

Updater invests in Fusion Foods

Chennai-based industrial catering services company Fusion Foods and Catering Pvt Ltd has raised funds from facilities management company Updater Services Pvt Ltd, also based in Chennai. Fusion Foods, which serves industrial clients in Tamil Nadu and Andhra Pradesh, will use the money to expand to other cities, riding on Updater Services’ pan-India presence. Fusion Foods hopes to grow its revenues from ₹75 crore now to ₹200 crore in the next five years. The company serves about 45,000 meals and 65,000-70,000 cups of beverages every day. Its clients include Infosys, Wipro, JK Tyres and Royal Enfield.

Fingerlix gets ₹45 crore

Fingerlix, a ready-to-cook food brand, has raised about ₹45 crore ($7 million) in a Series B round from Accel Partners and Zephyr Peacock. The company will use the money to expand to Bengaluru, Chennai and Hyderabad and increase its presence in the National Capital Region. It is already present in Mumbai, Pune and Delhi-NCR.

Matrix Partners invests in ZipLoan

Matrix Partners India has invested in fintech start-up ZipLoan, a non-banking finance company that provides small ticket business loans up to ₹5 lakh to micro-enterprises and SMEs. It will use the money to expand the team, enter new geographies and improve the technology platform. Existing investors Sarbvir Singh (former Managing Director, Capital 18), WaterBridge Ventures and Whiteboard Capital also participated in this fund raise.

₹39-crore funding Raw Pressery

Raw Pressery, which provides cold pressed juices, has raised about ₹39 crore ($6 million) in a Series C from the existing investors, including DSG Consumer Partners, Sequoia Capital and Saama Capital. It will use the money to increase its manufacturing capacity and distribution reach for new products, and improving its logistics infrastructure.

SpotDraft receives ₹3.5 crore

SpotDraft, a Gurgaon-based legal technology start-up, has raised about ₹3.25 crore ($550,000) in a round led by Hunch Ventures. The other investors are Spiral Ventures, 500 Startups, Singapore Angel Network and Satyen Kothari, founder of Citrus Payments. It will use the money for scaling the business. SpotDraft is an online platform for drafting and executing contracts.

Published on October 30, 2017

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

This article is closed for comments.
Please Email the Editor