Pepperfry, MoEngage & Vedantu closes funding rounds this week, Technology News, ETtech

Pidilite Industries, the maker of popular homegrown adhesive brand Fevicol, has led a $40 million funding round in online furniture retailer Pepperfry, as it looks to make strategic bets in newage companies to complement its core product offering. In December, Pidilite co-invested $30 million in online interior design company Home Lane. Read More..

Bengaluru and San Francisco-based customer engagement platform MoEngage has raised $25 million in fresh funding led by Eight Roads Ventures and its US-based sister fund F-Prime Capital, along with participation of Matrix Partners and Ventureast. The company, which helps brands run analytics on their customers, shares insights and automates marketing, said the investment will help it scale operations in the US and Europe, its two fastest growing markets. Read More..

Edtech company Vedantu has raised $24 million in funding from investors led by GGV Capital, along with existing backers. The investment is an extension of its Series C round that saw Tiger Global leading a $42 million infusion into the Bengaluru-based firm in August last year. Read More..

Illustration: Rahul Awasthi
Illustration: Rahul Awasthi

Chaayos, a multi-city chain of tea cafes, has raised $21.5 million in a mix of equity and debt funding led by Silicon Valley-based Think Investments. Existing investors SAIF Partners, Tiger Global and others also participated in the new financing round, which also includes a $3 million debt investment from Innoven Capital. Read More..

SZS Tech, which owns and operates vernacular social commerce and discovery platform Simsim, has raised a shade over $8 million (about Rs 57 crore) in its Series B funding round, the latest equity capital mopped up by the Delhi-based startup in the last six months. The latest funding round was led by two of Simsim’s existing investors, China’s Shunwei Capital and marquee venture capital firm Accel Partners. Read More..

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