Nykaa, Furlenco, MedGenome close funding rounds this week, Technology News, ETtech

Illustration: Rahul Awasthi
Illustration: Rahul Awasthi

Navi Technologies, the financial services holding company controlled by Flipkart co-founder Sachin Bansal, has raised over Rs 3,000 crore, after he and other investors infused fresh capital. According to documents filed with the Registrar of Companies, Bansal has been allotted 20.84 crore equity shares at Rs 140.50 a piece, having paid Rs 253.01 crore in cash and an additional Rs 2,675.08 crore in other financial securities. As per a valuation report filed by the company, the financial securities, worth Rs 1,636.1 crore, which could include pass through certificates, mutual funds, certificates of deposit, listed and unlisted non-convertible debentures, will be received by Navi Technologies, for the issue of additional equity shares. Read More..

Genetic diagnostics, research and data company MedGenome has raised $55 million (about Rs 419 crore) in a new round of funding, led by global impact investment firm LeapFrog Investments, the Bengaluru-headquartered company announced on Wednesday. The company’s two existing backers, Sequoia Capital and Belgian investor Sofina, have also participated in the latest round of equity financing, it said in an official statement. Read More..

Illustration: Rahul Awasthi
Illustration: Rahul Awasthi

Omni-channel beauty and skincare retailer Nykaa has raised Rs 100 crore in fresh funding from existing investor Steadview Capital. The new capital infusion also comes almost a year after the company, which was founded in 2012 by former merchant banker Falguni Nayar, closed a Rs 100 crore Series E financing round led by TPG Growth, the mid-market investment arm of private equity firm TPG Capital, and which valued it at about $730 million at the time. Read More..

Online furniture rental and home decor services company Furlenco has closed a $10 million (about Rs 76.4 crore) debt and equity financing round, led by the Bengaluru-headquartered company’s existing cohort of investors. The latest round has seen venture capital firm Lightbox, and Dabur scion Saket Burman, who has invested through his personal investment arm Chowdry Associates, put in equity financing. Read More..

Enterprise fintech startup Recko has raised $6 million (about Rs 46 crore) in its Series A round of funding led by Vertex Ventures, the venture capital arm of the Singapore government-owned investment company, Temasek. Proceeds from the Series A round will be used by the Bengaluru-based startup to further ramp up product development, expand its team, along with its presence outside India. Read More..

Education technology startup Camp K12 has raised $4 million in seed funding co-led by Matrix Partners and SAIF Partners. The company has built an online tutoring platform for students in kindergarten to 12th grade, which it has rolled out in India first. Founded by Anshul Bhagi and Sandeep Bhagi, Camp K12 focuses on connecting students with tutors online and has a focus on live learning courses for Science, Technology, Engineering, the Arts and Mathematics (STEAM) subjects. Read More..

Tapits Technologies, which owns and operates fintech startup Fingpay, has closed an estimated Rs 27 crore Series A round of funding from early-stage investment firm IvyCap Ventures. The four-year-old company founded by Pratyush Halen and Anuraag Agrawal, will use the proceeds from the latest round of funding to add various banking and financial products on the platform that can be accessed by its last-mile customers, as well as enter new geographies, according to an official statement released by the company. Read More..

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