Paytm’s 16,600 crores initial public offering, billed as one of the biggest in India, is expected to increase the offered size by around Rs 1,000-2,000 crore.
Clear, which helps individuals and businesses file tax returns online, has raised $75 million from investors led by Kora Capital with participation from US-based payments major Stripe that made its first investment in an Indian startup.
Fintech startup CredAble has raised $30 million in its Series B funding round. The funds will be used to launch its new product and to
strengthen its tech platform.
Edtech startup ConveGenius has raised $5 Million in a pre-seed funding round led by BAce Capital. The startup plans to scale its vision beyond education to all knowledge services and expand globally. They aim to expand their product portfolio on the WhatsApp ecosystem and other conversational AI-based channels, to serve more costumers.
Electric Vehicle Startup
After launching its two-wheeler arm, Ola is now getting ready to be the car industry leader with a $2 billion GMV and is all set for hiring 1,00,000 people in 2022. It has already started its journey by selling 5,000 pre-owned cars in the first month itself.
EV financing digital platform RevFin has raised $4 million in a pre-series A funding round. The funds will be utilized for extending loans to drive growth from the current monthly disbursement run-rate of INR 3 crore to Rs 15 crore per month.
EV energy infrastructure firm Sun Mobility has closed a $50 million funding led by Vitol. The company is planning to expand its footprint to all major cities by increasing the number of swap points by partnering with various OEMs.
SaaS food supply startup FarMart bagged $10 million in a funding round led by Matrix Partners India. These funds will be used to scale product capabilities, expand its sphere globally, and grow the team.