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funding winter: ETtech Offers Digest: Startups proceed to reel underneath the funding winter

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funding winter: ETtech Offers Digest: Startups proceed to reel underneath the funding winter

2022-09-23 12:43:42

Massive numbers proceed to name it a cross within the Indian startup funding state of affairs. After weeks of tepid funding rounds relating to numbers and values, this week additionally appears to have sub-$100 million offers. Macroeconomic issues, slowing economies, and tighter liquidity throughout economies are more likely to be the rationale.
Solvy Tech Options, which runs the insurtech platform Zopper raises $75 million

Solvy Tech Options, which runs insurtech platform Zopper, has
raised $75 million from buyers led by Creaegis, in participation with ICICI Enterprise and Bessemer Enterprise Companions, and present backer Blume Ventures. Zopper cofounder Surjendu Kuila informed ET that the capital will probably be used to assist the worldwide enlargement of Zopper, to beef up the platform’s expertise and knowledge engineering

Gifting options firm Be part of Ventures raises $23.5 million


Gifting options firm Be part of Ventures
has raised $23.5 million (Rs 187 crore) in its newest funding spherical led by MO Alternate Funding Advisors, a subsidiary of economic providers conglomerate Motilal Oswal Monetary Companies.
Audio streaming startup Kuku FM raises $21.8 million


On Wednesday, audio streaming startup Kuku FM stated it
has raised $21.8 million in funding led by Nandan Nilekani’s enterprise fund Fundamentum Partnership. Kuku FM stated it is going to deploy the funds to broaden its catalogue, strengthen its content material creation ecosystem, and supply extra language decisions to listeners because it goals to attain an over 10 million paid subscribers base by finish of subsequent yr.

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Deals DigestETtech
Illustration: Rahul Awasthi

F2C model Deep Rooted raises $12.5 million


Deep Rooted, a farm-to-consumer (F2C) model for fruit and veggies, introduced it
has raised $12.5 million in a funding spherical led by IvyCap Ventures, with participation from present buyers together with Accel, Omnivore and Mayfield. Over the subsequent 12 months, the startup plans to broaden its operations to cowl main cities in South India, strengthen its expertise stack, and proactively rent throughout advertising, expertise and enterprise capabilities.

Web3 chess startup and market Immortal Sport raises $12 million


Web3 chess startup and market Immortal Sport stated it
has raised $12 million in funding led by TCG crypto. Different tech and leisure VC specialists comparable to Cassius, Greenfield One, Sparkle Ventures, Kevin Durant’s and Wealthy Kleiman’s 35V, Blockwall, Kraken Ventures and Spice Capital additionally participated within the spherical.

Speech expertise startup Murf AI raises $10 million


Speech expertise startup
Murf AI stated it has raised $10 million in funding led by Matrix Companions India. Current investor Elevation Capital, and distinguished angel buyers comparable to Ajay Arora, senior vp, product, Disney Streaming; Ankit Bhati, cofounder of Ola; Ashwini Asokan, cofounder of Mad Road Den additionally participated.

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