NoBroker, FarEye, Capital Float raise funds this week, Technology News, ETtech

Illustration: Rahul Awasthi
Illustration: Rahul Awasthi

NoBroker Technologies Solutions has raised an additional $30 million (about Rs 231 crore) from existing investor General Atlantic (GA), the online real estate search platform said in its filings with the Registrar of Companies. The investment by the bulge-bracket private equity firm, made through General Atlantic Singapore NT Pte, is part of NoBroker’s Series D financing round. The investment is expected to value NoBroker at about $400 million, with the PE firm having pumped in about $80 million in the six-year-old company till now. Read More..

Sachin Bansal-led financial services holding company Navi Technologies has scooped up an additional Rs 204 crore from mid-market private equity firm Gaja Capital. Navi Technologies has emerged as the holding company for Bansal, post his departure from Flipkart in 2018, and through which he has continued to place large bets on India’s broader financial services segment, which includes microlending, general insurance and mutual funds, among others. Read More..

Illustration: Rahul Awasthi
Illustration: Rahul Awasthi

FarEye has closed a $25 million (about Rs 191 crore) funding round led by M12, the venture arm of global technology giant Microsoft, with participation from Eight Roads Ventures and Honeywell Ventures. The enterprise-focused logistics Software as a Service company, founded by Kushal Nahata, Gautam Kumar and Gaurav Srivastava in 2013, will use the proceeds from the latest round to further invest in its proprietary platform’s predictive capabilities, ramp up partnerships, expand into new markets. Read More..

Conversational AI platform Yellow Messenger has raised $20 million in Series B funding from Lightspeed Venture Partners and Lightspeed India Partners. Yellow Messenger will use the funds to expand globally and strengthen its multi-lingual voice bot platform. Read More..

Setu has raised $15 million (Rs 110 crore) in its Series A round of funding led by New York-based investment firm Falcon Edge Capital and Lightspeed Venture Partners US, the Bengaluru-based fintech API infrastructure startup announced. The company’s existing investors—Lightspeed India Partners and Bharat Inclusion Seed Fund—also participated in the new financing round, Nikhil Kumar, co-founder of Setu, wrote in a post on Medium. Read More..

Capital Float has raised $15 million (Rs 110 crore) in fresh funding from existing investors Ribbit Capital, SAIF Partners, Sequoia Capital India and online retailer Amazon. The Bengaluru-headquartered non-banking finance company (NBFC), founded in 2013 by Stanford University’s Graduate School of Business alums Sashank Rishyasringa and Gaurav Hinduja, will utilise the proceeds from the latest round to bolster its capital base and expand lending to small and medium enterprises and consumers. Read More..

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