Bounce lands $105M, Digit Insurance raises funds from Domestic PEs & more, Technology News, ETtech

ETtech Deals Digest: Bounce lands $105M, Digit Insurance raises funds from Domestic PEs & more
Two-wheeler rental startup Bounce has raised $105 million, led by Accel Growth and B Capital Group. Existing investors Chiratae Ventures, Falcon Edge and Sequoia Capital India, among others, also participated in the funding round that values the Bengaluru-based firm at about $500 million. Read more.

Digit Insurance has raised $84 million from domestic private equity funds A91 Partners, Faering Capital, and TVS Capital, valuing the Canadian billionaire Prem Watsa-backed startup at about $870 million, post the investment. This is a huge bump up from the Bengaluru-based general insurer’s valuation of around $350 million when it last raised capital in 2018. Read more.

Graphic: Rahul Awasthi
Graphic: Rahul Awasthi

Home design and renovation platform Livspace has raised about $60 million from Hong Kong-based Tahoe Investment Group, and Singapore-domiciled Mercer Investments and EDB Investment, along with Kharis Capital, a European investment management firm and Venturi Partners’ managing director Nicholas Cator in his personal capacity. The investment is likely to close next month in a round which could go up to $90-$100 million, people familiar with the matter said. Read more.

Transportation automation platform LogiNext has raised $39 million in a fresh round of equity financing led by New York-based investment firm Tiger Global Management and Steadview Capital. The financing values the company at about $100 million. Read more.

Self-drive car rental platform Zoomcar has raised $30 million funding led by Sony Innovation Fund, the venture arm of Japanese electronics giant Sony. The investment, which saw participation from existing investors as well, is part of the company’s ongoing $100 million Series D funding round, the company said in a statement. Read more.

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