Four Indian startups raised $112 million in venture capital funding across sectors such as real estate, healthcare, among others.
Bengaluru-based startups led the funding pack last week.
Property Rental Startup NoBroker Gets $50 Million For Expansion
The Bengaluru-based startup that allows renting or buying a property without brokers has found the backing of Tiger Global to do it at scale, and expand its operations.
NoBroker.com has raised $50 million in its growth round of funding led by Tiger Global along with participation from an existing investor, General Atlantic, Amit Kumar Agarwal, co-founder of NoBroker.com, told BloombergQuint in an interview.
The fresh round of funding, which comes just four months after it raised $51 million from General Atlantic and others, takes the total investment raised by the four-year-old startup at $121 million.
Agarwal said the proceeds of the round will be used to expand its operations to move beyond six cities—Mumbai, Bangalore, Pune, Chennai, Hyderabad and Gurugram—and touch top 25 cities in the next two years.
A part of the investment will also go towards strengthening its machine learning capabilities and artificial Intelligence, he said.
The startup was founded in 2014 by three Indian Institute of Technology alumni Agarwal, Akhil Gupta, and Saurabh Garg.
Currently, the platform has nearly 30 lakh registered properties and 70 lakh registered users. The portal charges a fee for its services.
Watch | Nobroker’s Amit Kumar Agarwal Talks To BloombergQuint
OfBusiness Raises $34 Million Led By Norwest Venture Partners
The Delhi-based startup that provides loans to small and medium businesses raised $34 million in its growth funding round led by Norwest Venture Partners, a growth investment firm.
Existing investors including Falcon Edge Capital and Matrix Partners also participated in the round, the company said in a statement.
OfBusiness provides unsecured credit to SMEs through its own NBFC arm Oxyzo Financial services, as well as by partnering with other financial institutions.
Sequoia Leads $15 Million Funding Round In SaaS Startup Darwinbox
Darwinbox raised $15 million in a growth funding round led by Venture capital firm Sequoia India.
Lightspeed India Partners, Endiya Partners and 3one4 Capital also took part in this round, the Hyderabad-based enterprise human resources management platform said.
The company said it aims to use the proceeds to grow its business across Asia as well as focus on product development and innovation. A part of investment would also go in strengthening its analytics layer with artificial intelligence and machine learning capabilities, it said.
Founded in 2015, the company runs a cloud-based end-to-end management platform that automates HR processes such as recruitment, onboarding, time and attendance, expense management, payroll and employee management, among others.
It counts Times Internet Ltd., Paytm, Swiggy, Delhivery, among others as its clients as per the website
Others
- Employee transport firm Whistledrive bags $10 million in growth funding from Chicago-based Colosseum Group, an umbrella brand for several entities focused on investment, research and training, the company said in a statement.
- Pharmarack, a healthcare-technology platform that lets businesses automate sales and operations raised $3 million in fresh funding round from Mumbai-based IvyCap Ventures, the company said in statement.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR