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

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

2022-09-23 12:43:42

Massive numbers proceed to name it a go within the Indian startup funding state of affairs. After weeks of tepid funding rounds concerning numbers and values, this week additionally appears to have sub-$100 million offers. Macroeconomic issues, slowing economies, and tighter liquidity throughout economies are prone 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 traders led by Creaegis, in participation with ICICI Enterprise and Bessemer Enterprise Companions, and current backer Blume Ventures. Zopper cofounder Surjendu Kuila informed ET that the capital shall be used to assist the worldwide enlargement of Zopper, to beef up the platform’s know-how and knowledge engineering

Gifting options firm Be a part of Ventures raises $23.5 million


Gifting options firm Be a 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 monetary companies conglomerate Motilal Oswal Monetary Providers.
Audio streaming startup Kuku FM raises $21.8 million


On Wednesday, audio streaming startup Kuku FM mentioned it
has raised $21.8 million in funding led by Nandan Nilekani’s enterprise fund Fundamentum Partnership. Kuku FM mentioned it is going to deploy the funds to develop its catalogue, strengthen its content material creation ecosystem, and provide extra language decisions to listeners because it goals to realize an over 10 million paid subscribers base by finish of subsequent 12 months.

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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 vegatables and fruits, introduced it
has raised $12.5 million in a funding spherical led by IvyCap Ventures, with participation from current traders together with Accel, Omnivore and Mayfield. Over the subsequent 12 months, the startup plans to develop its operations to cowl main cities in South India, strengthen its know-how stack, and proactively rent throughout advertising, know-how and enterprise features.

Web3 chess startup and market Immortal Sport raises $12 million


Web3 chess startup and market Immortal Sport mentioned it
has raised $12 million in funding led by TCG crypto. Different tech and leisure VC specialists similar 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 know-how startup Murf AI raises $10 million


Speech know-how startup
Murf AI mentioned it has raised $10 million in funding led by Matrix Companions India. Present investor Elevation Capital, and distinguished angel traders similar to Ajay Arora, senior vice chairman, product, Disney Streaming; Ankit Bhati, cofounder of Ola; Ashwini Asokan, cofounder of Mad Avenue Den additionally participated.

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