EpiFi has raised $13.2 million (about Rs 94 crore) in a seed financing round led by a clutch of marquee investment firms, including Sequoia Capital, Ribbit Capital and Hillhouse Capital, a transaction that showcases investors’ continuing interest in backing neo-banking startups. The seed funding round, which values EpiFi at about $50 million, is the latest instance of some of the biggest venture capital firms backing India’s burgeoning neobanks. Read more..
Mumbai-based venture capital firm Lightbox has led a $3.4 million (about Rs 24 crore) equity financing round in creative writing mobile platform HaikuJAM, with Chamath Palihapitiya-led Social Capital, Dunce Capital and existing investor 2Enable Partners also participating in the transaction. Read more..
B2B food commodity marketplace TechnifyBiz has raised $2 million in seed funding from Omnivore and the Insitor Impact Asia Fund. Razorpay co-founders Shashank Kumar and Harshil Mathur also participated in the funding round. Read more..
Celebrity engagement and wishing platform Wysh has announced raising $2 million in Series-A funding led by Kalaari Capital. Existing investors Whiteboard Capital, Touchstone Equities, AngelList and new investors AET fund, IIMK, GEMBA capital also participated in this round. Read more..