Park+, a new smart parking solution business founded by Amit Lakhotia, the former vice president of Paytm Payments, revealed on Wednesday that it has raised $25 million in a Series B investment led by Sequoia Capital India, Matrix Partners India, and Epiq Capital. AdvantEdge, Fund II – a series of Somani Investments LP, and Motherson … Read more
QI Tech, fintech that provides a range of financial services through APIs and the first SCD approved by the Brazilian Central Bank, announced today that GIC, Singapore’s sovereign wealth fund, has invested $50M in one of the largest Series A in Latin America. QI Tech will invest in the construction of new products, focusing especially … Read more
Direct-to-consumer (D2C) startup Wallmantra has raised an undisclosed amount of financing from Velocity.in, India’s largest revenue-based financier. The start-up has so far raised three rounds from Velocity, cumulatively raising 5x the amount raised in the initial round. Founded in 2013, Wallmantra designs and sells affordable wall and interior decor via its own website and marketplaces … Read more
Purplle.com, one of India’s leading online beauty destinations, today announced a $75M funding, welcoming Kedaara to the cap table, along with doubling down by Sequoia Capital India and Blume Ventures. This comes six months after a $45M funding backed by Verlinvest, Blume Ventures, JSW Ventures, and first-time investor Sequoia Capital India. The investment will augment … Read more
