startup funding: ETtech Deals Digest: Investors continue to exercise caution

For the second week, no massive funding befell as VCs continued to train warning in an unsure financial setting. Just a few startups, nevertheless, landed reasonable quantities to ease the funding gloom. Right here’s a take a look at who all raised this week:

Right here’s a listing of all of the offers from this week.

Innoviti raised $25 million extra from Panthera

Funds-focused fintech Innoviti
raised $25 million from Singapore’s Panthera Development Companions to shut its $45 million Collection D spherical. Alumni Ventures, Patni Household Workplace and Bessemer Enterprise Companions additionally participated within the spherical. The corporate gives technology-led cost options and point-of-sale terminals for companies, offline retailers, and small retailers, by partnering with banks and digital cost suppliers. It can use the funds raised to reinforce its distributions and acquisitions.

MarketWolf closed a $10 million spherical

Inventory buying and selling platform MarketWolf
raised $10 million in a funding spherical led by Jungle Ventures and Dream Capital. Present traders like 9Unicorns and Iseed additionally participated within the spherical. Based in 2017 by Vishesh Dhingra and Thomas Joseph, MarketWolf targets first-time traders to make the buying and selling expertise straightforward and jargon-free. It has about 1.5 million customers and plans to make use of the funds raised for advertising efforts.

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QueuBuster landed $8.16 million

Cell-based point-of-sale (PoS) startup, QueueBuster
raised about $8.16 million in a recent funding spherical led by Chiratae Ventures, Omidyar Community India and Flourish Ventures. Based in 2016 by Varun Tangri, QueueBuster is a full-stack cell PoS utility supplier that helps companies handle billing, stock, each day ledger, and buyer loyalty packages from a single utility. Since January 2021, it has recorded greater than 12 million invoices value over Rs 1000 crore.

AntWalk raised $7.5 million from GSV Ventures

B2B edtech platform AntWalk
raised $7.5 million from GSV Ventures, Y Combinator and Matrix Companions India. AntWalk is an e-learning firm that helps organizations speed up and remodel their studying and growth (L&D) mannequin, paving the best way for steady studying by professionals. The startup will use the funds raised to strengthen its studying expertise platform (LXP) utilizing gamification, construct a content material pipeline and increase gross sales.

The Baker’s Dozen bagged $5 million

Direct-to-consumer (D2C) model The Baker’s Dozen
raised $5 million in a mixture of debt and fairness, led by Hearth Ventures. Based in 2013 by Sneh Jain and his spouse Aditi Handa, the pinnacle baker at The Baker’s Dozen, the startup produces sourdough bread, desserts, cookies and crackers from a manufacturing unit close to Ahmedabad. It claims to have grown gross sales by 5x to Rs 30 crore final yr and plans to deploy recent capital for scaling the enterprise.

Different completed offers:

■ Finvu AA, a consent-based account aggregator,
raised $2.5 million in funding from Varanium Nexgen Fund, IIFL, DMI Sparkle Fund, and others. The corporate is the primary Indian non-banking monetary firm (NBFC) account aggregator to obtain an working license from the Reserve


■ Sports activities tech startup Hudle
raised $1 million (Rs 7.9 crore) in a funding spherical led by Inflection Level Ventures. The spherical additionally noticed participation from current traders Survam Companions and Indian Angel Community.

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