MultiLiving, FamPay & Airmeet close funding rounds this week, Technology News, ETtech

Illustration: Rahul Awasthi
Illustration: Rahul Awasthi

Lodha Ventures, the investment arm of Mumbai-based property developer Mangal Prabhat Lodha family, has invested Rs 45 crore ($6.1 million) in premium service apartment startup MultiLiving. MultiLiving offers a network of curated premium apartments aimed at urban professionals. The real estate firm currently operates in Mumbai, with properties in Lower Parel, Powai, BKC, Kanjurmarg and Vikhroli. Read more.

Teenager-focused payments app FamPay has raised $4.7 million in seed funding from a clutch of investors including Y Combinator, Sequoia India, Venture Highway and GFC (Global Founders Capital). Angel investors like Twitch co-founder Kevin Lin, Robinhood co-founder Vladimir Tenev, Cred founder Kunal Shah, and Pine Labs CEO Amrish Rau also participated in the funding round. Read more.

Graphic: Rahul Awasthi
Graphic: Rahul Awasthi

Online events hosting platform Airmeet has raised $3 million in fresh funding in a round led by marquee venture capital firm Accel Partners. Other investors participating in the pre-Series A round include, early-stage investor Venture Highway, stage-agnostic European investment firm Global Founders Capital and angel syndicates CloudCapital, Better Capital, 100x Entrepreneur Fund and Sequoia Scout. Read more.

KarbonCard has raised $2 million from a clutch of prominent angel investors including Cred founder Kunal Shah, Pine Labs CEO Amrish Rau and Jitendra Gupta, founder of neo-bank Amica Financial Technologies, among others. The company plans to utilise the proceeds towards ramping up its teams across functions, including, product, operations, business development and marketing. Read more.

Pawan Munjal, the chairman and managing director of Hero MotoCorp, has invested about $1 million in Ola Electric Mobility through his family trust. Hero MotoCorp, which sells one of every two motorcycles locally, said recently it would spend Rs 10,000 crore on alternative mobility solutions. Read more.

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