FutureTech

Motozite, based in Gurugram, was founded in 2021 and has raised an undisclosed amount of funding from We Founder Circle. The company is constructing an integrated digital ecosystem to provide luxury car buyers and sellers with a one-stop solution. The startup is attempting to address the current issues of a broken customer journey and the efforts made by a customer to find the right car. Abhinav Verma and Rahul Tiwari, the co-founders, have over 30 years of combined experience in the automotive and management consulting industries. Considering Fund Raising “We…

OneCard, a mobile-first credit card company, has raised $75 million in a new round led by existing investor QED Fund. In 2021, the Pune-based company raised $35 million in two tranches in its Series B round led by Sequoia and QED Fund. According to regulatory filings, OneCard’s parent company, FPL Technologies, has approved the allotment of 238 equity shares and 3,26,663 Series C preference shares at an issue price of Rs 17,285.3 per share in order to raise Rs 565.05 crore or $75 million. QED Fund led the round with…

MetaMap (formerly Mati), a US-based fintech startup, announced on Tuesday that it has raised Rs 530 crore in Series B funding led by Tribe Capital, with participation from Craft Ventures, Alameda Research (FTX), Titan Capital, and prominent angel investors. The new capital brings the company’s total funding to Rs 630 crore, and it will be used to invest in product development and further its international expansion as it pursues its mission of enabling billions of people to gain access to online services and experience upward mobility. The world continues to…

Jupiter, a neobanking platform owned and operated by Amica Financial Technologies Pvt Ltd, has raised $86 million as part of its Series C funding round co-led by Tiger Global Management and Sequoia Capital India, valued at $711 million, according to a company statement. According to the company, the funding round was participated in by US-based venture fund QED Investors as well as existing investor Matrix Partners India. The funds will be used to improve the company’s technology platform, with the goal of onboarding 2 million users by December 2022. It…

Teachmint, an education infrastructure startup, announced the acquisition of Airlearn, a video engagement platform for education businesses, in a cash-and-stock deal on Wednesday to expand its developer offerings. Teachmint said in a statement that this deal strengthens its Teachstack developer offering, which enables edtech companies around the world to build cutting-edge classroom solutions for their users. This follows Teachmint’s acquisitions of course-selling platform Teachmore and the India team of Singapore-based Teachee. Teachmint CEO and cofounder Mihir Gupta said, “We are thrilled to have the entire Airlearn team join the Teachmint family. Teachstack…

After Mamaearth and GlobalBees joined the list in the final days of 2021, India now has 81 unicorn startups. Both companies, which operate in the ecommerce space, have raised capital valued at more than $1 billion. On December 29, GlobalBees announced that it had raised $111.5 million in a round led by Premji Invest. New investor Steadview Capital, as well as existing investors SoftBank and FirstCry, participated in the round. The company is worth $1.1 billion. The business is based on the Thras.io model, which is a New York-based e-commerce…

The business-to-business (B2B) manufacturing services marketplace Zetwerk Manufacturing Business Pvt Ltd has raised approximately $210 million as part of its Series F funding round led by US-based Greenoaks Capital. According to the regulatory filing, Greenoaks Capital alone invested 543.8 crore ($72.5 million) in the funding round. The funding round was attended by ICONIQ Strategic Partners, D1 Capital Partners, Steadview Capital Mauritius, Avenir Zetwerk Investors, and Lightspeed Venture Partners, among others. The fundraise values Zetwerk at $2.68 billion, according to VCCircle estimates. Lightspeed Venture Partners’ stake in Zetwerk has increased to…