Startup

Nayya nabs $55M to expand its recommendation and personalization engine for healthcare and other benefits

Digital health came into its own during the COVID-19 pandemic, providing a socially distanced way for people to use apps, smartphone cameras, wearables and web services to connect with physicians and handle many other tasks that previously would have required attending meetings in person. That’s opened the door to a number of other online tools …

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Fintech startup Kuhoo raises $20M in seed round from West Bridge

Student loan fintech platform Kuhoo said it raised $20 million in a seed round from West Bridge Capital. Named after the sweet sound of the bird Cuckoo, Kuhoo is the brainchild of former ICICI, HDFC Credila, and InCred executive and banking veteran Prashant A Bhonsle. The gap between the increasing cost of education and affordability …

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M-KOPA raises $75M as it clocks 2 million customers across four African markets

A 2019 World Bank report says 85% of Africans live on less than $5.50 per day. A large percentage of these adults are unbanked and underbanked; thus, they don’t have access to credit and can’t afford important purchases outright. M-KOPA’s financing platform has proved helpful to this set of users since launching as an energy …

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Starship Technologies raises another $42M to fuel the growth of its fleet of self-driving delivery robots

Starship Technologies, one of the bigger players in the world of autonomous delivery robots — the small, boxy vehicles that self-drive around cities and closed campuses delivering food and other small items — has raised yet another round of funding, just 30 days since its last financial infusion. The company, founded and developed in Estonia …

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BNPL platform Snapmint raises $9M in Series A round from various investors

Mumbai-based fintech startup Snapmint on Tuesday said it raised $9 million in its Series A round led by Prashasta Seth, CEO and CIO of Prudent Investment Managers. The round also saw the participation of 9 Unicorns, Anicut Capital, Negen Capital, Livspace founder Ramakant Sharma, Usama Fayyad – Chairman of Open Insights and Head of Institute …

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Corporate expense management startup Volopay raises $29M in Series A round

Volopay, a Singapore-based corporate cards provider and expense management startup, raised $29 million in Series A round as a mix of equity and debt. The funding round saw participation from JAM Fund, Winklevoss Capital Management, Rapyd Ventures, and Accial Capital, along with fintech veterans such as Jeffrey Cruttenden, CEO of Acorns; Sweta Rau, Founder of …

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Stämm Biotech raises $17M for its next-generation, 3D printed bioreactor

In the past year, there’s been a lot of hype around biomanufacturing — from growing cell-based meat to microbe-powered medicine manufacturing. But none of synthetic biology’s darlings can exist without one key piece of equipment: a bioreactor. While the world debates how best to bring biology-fueled manufacturing into existence, one company is already rethinking its …

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Flashfood raises $12.3M to scale its grocery app that helps tackle retail food waste

Toronto-based Flashfood, a mobile marketplace that provides customers with access to discounted food nearing its best-by date, has raised $12.3 million in Series A funding led by S2G Ventures. The app allows users to browse through available deals at participating stores near them. Customers can also purchase items directly in the app and then pick …

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Locofast raises $15M from Chiratae, Stellaris, others

Locofast, a fashion supply chain platform, raised $15 million, in a Series A funding round, from Stellaris Venture Partners and Chiratae Ventures. The round, which is a mix of debt and equity, also saw participation from Kris Gopalakrishnan-led Axilor Ventures and angel investors including fintech firm Uni’s Nitin Gupta, and Suhail Sameer — BharatPe’s chief …

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Weee! delivers second big funding round in a year, this time backed by SoftBank

Coming off of a year where monthly active users grew 150% year over year, multicultural e-grocer Weee! secured $425 million in Series E funding toward its goal to be “the primary source for food at home,” Larry Liu, Weee!’s founder and CEO, told me. It’s been a few years since we dug into what the …

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