FutureTech

HealthySure, a Mumbai-based insurtech startup, announced today that it has raised $1.2 million in a pre-Series A funding round led by Gurugram-based angel investment firm Inflection Point Ventures. We Founder Circle, Dexter Angels, Campus Fund, HEM Angels, and other private investors also participated in the round. HealthySure is an employee welfare platform that targets SMEs to make insurance and healthcare affordable and accessible to the Indian workforce and their families. It was founded in April 2021 by IIM-B alumnus Anuj Parekh and ISB alumnus Sanil Basutkar. With curate health and…

Gurgaon-based Bitespeed, a SaaS company that provides e-commerce brands with chat-based commerce services, announced today that it has raised $1.9 million (roughly Rs 14.3 crore) in a Seed round led by Sequoia India Surge. A Seed financing round was also attended by First Cheque, Whiteboard Capital, and angel investors, including CRED founder Kunal Shah and Teachable founder Ankur Nagpal. Prior to this round, the Gurgaon-based firm had raised $275,000 from Whiteboard Capital in December 2020. BiteSpeed, founded in June 2019 by Vinayak Aggarwal, enables customer retargeting and retention via WhatsApp…

Sumeru Ventures led a $50 million (Rs 375 crore) Series-C funding round for healthtech startup Goqii. According to the company, the round included a mix of equity, including preference shares, and debt investments. The funds will be used to improve Goqii’s current products, which include a wearable fitness tracker, an app, a health store, as well as real-time coaching and insurance services, according to the company. The funds will also be used to expand in areas such as insurance, digital therapeutics, and international markets. Modality (Digality), a UK primary health…

Glance is a software company that creates personalised content for smartphone lock screens using artificial intelligence. The company announced today that it will raise $200 million (roughly Rs 1,507 crore) in a new financing round to accelerate growth in Asia and expand into key global markets such as the United States, Brazil, Mexico, and Russia. Jio Platforms, a subsidiary of Reliance Industries, will lead the new Series D round. The deal is conditional on customary closing conditions and regulatory approvals being met. Glance will be integrated into Jio Platforms’ revolutionary…

LetsVenture, an early-stage investment platform, has a new logo and tagline: LetsVenture Together. According to a company press release, the upgraded platform for angel investors includes features and an enhanced design that allows investors to access live deals, top syndicates, upcoming pitching sessions, and product updates. In the next 12 months, the company intends to develop and launch new products for the investor and startup communities. LetsVenture has a portfolio worth over $4 billion and includes well-known startups such as Dukaan, Khatabook, Sugar Cosmetics, and Melorra, to name a few….

PlanetSpark, a K-12 player in the communication skills learning category, is looking to hire 10,000+ English teachers in 2022. On the platform, the company already has over 2,100 teachers. The company raised $13.5 million in a Series-B round led by Prime Venture Partners and entrepreneurs like Binny Bansal, Deep Kalra, Dr. Ashish Gupta, Gokul Rajaram, and Shirish Nandkarni in December of last year. The company intends to aggressively capture market share in the $82-billion global communication skills market with the new round of funding. The newly recruited 10,000 teachers will…

CredAvenue, a debt marketplace, announced on Monday that it has purchased a 75.1 percent stake in Spocto, a digital collections company, to expand its product offerings. CredAvenue will benefit from the acquisition by adding digital collection solutions for lenders, as well as reducing risk and fraud on its platform. It will also aid in improving collection efficiency, according to the company. “Adding digital collection capabilities will significantly add value to lending partners on the platform. This deal is a forward integration that completes the product suites for the entire lifecycle….

To kick-start its product strategy in India, Revolut India, the Indian registered entity of London-based fintech player Revolut, has acquired international money transfers company Arvog Forex. While Revolut India did not disclose the purchase price, a source familiar with the transaction estimated it to be around $4.5 million.Revolut will work with the Mumbai-based forex firm to obtain a forex licence and begin offering remittance and forex services to Indian customers. The company entered the Indian market in April 2021 to make most of the deepening of digital financial services in…

Wakefit is one of the few growth-stage startups that have managed to cross Rs 400 crore revenue mark within 5 years of its inception. The sleep solution cum furniture company has registered 2.07X growth in its operating revenue to Rs 408.59 crore in the last fiscal year from Rs 197.44 crore in FY20, Wakefit’s annual financial statements show. Wakefit has made 94.74% of its income through the sale of manufactured mattresses, pillows and accessories which shot up 2.07X to Rs 387.1 crore in FY21 from Rs 187.16 crore in the preceding…