AlphaSense raises $225M from Goldman Sachs, Viking Global, valued at $1.7B
New York-based market intelligence platform AlphaSense has raised $225 million in its Series D funding round led by Goldman Sachs Asset Management’s Growth Equity business and Viking Global Investors.
The new round also includes an undisclosed amount of leveraged investment from funds and accounts managed by BlackRock, an American multinational investment management company. The current funding round values the company at $1.7 billion, nearly double the valuation of its last round.
The company plans to use the infused funds to invest in product development, content expansion, customer support and to drive organic growth, it said in a statement. The company will also use the funds to expand into all offices around the world, including its innovation centers in India.
“This round of funding will allow AlphaSense to invest in our growth and capitalize on opportunities to expand our content sets and enhance our value offering, furthering our mission to help businesses across all industries make better decisions with more confidence and speed,” said Jack Kokko. , CEO, AlphaSense.
ShareChat parent raises $78M from Google and Temasek
Parent company of social media platform ShareChat, Mohalla Tech, raised $78 million in its Series H funding round from Google parent Alphabet and Singapore-based Temasek Holdings, according to documents filed by the company with the Ministry of Corporate Affairs (MCA).
The new capital pushed the company’s valuation to nearly $4.9 billion.
Google alone led this round with Rs 405 crore, and Temasek invested Rs 202 crore. Mohalla Tech Could Raise $300M in Funding Round from Google, Temasek and Internet hoursaccording to a Reuters report.
After the round, Google will own just over 1% stake in Mohalla Tech, while Temasek will own around 2.64% stake, according to regulatory filings.
GOAT Brand Labs Raises $50M from Winter Capital, 9Unicorns and More
D2C brand aggregator GOAT Brand Labs secured $50 million in Series A1 funding. The round saw the participation of new investors, including Winter Capital, 9Unicorns, Venture Catalysts, Vivriti Capital and Oxyzo, as well as most of the company’s existing investors.
The new funds will be used to acquire new brands, he added. “We will continue to acquire high-potential D2C brands across all lifestyle segments and scale them to huge results,” said co-founder and CEO Rishi Vasudev.
In a year since starting the business, the company said it has completed 15 lifestyle acquisitions, including The Label Life (lifestyle brand), Voylla (costume jewelry), trueBrowns & Abhishti (clothing Indians), Frangipani (children’s clothing), Neemli and Nutriglow (beauty and skincare) and pet brand Doggie Dabbas. The company is in advanced discussions with 12 other brands, which will be unveiled in the coming days, he added.
Pazcare secures $8.2 million from Jafco Asia, 3One4 Capital and BEENEXT
Benefits and insurtech platform Pazcare has raised $8.2m in a funding round led by Jafco Asia. The round also saw participation from existing investors 3One4 Capital and BEENEXT.
After this round, the company stands at a valuation of $48 million. He will use the new capital to further strengthen and expand the product line and in growing the business.
“India’s economy is going through one of the most exciting times. Insurance as a market is going to grow rapidly in the current decade. We believe that the penetration of health and life insurance will be employer-driven and we want to play an important role in delivering world-class benefits to Indian employees,” said Sanchit Malik, CEO and Co-Founder of Pazcare.
In one year, Pazcare claims to have experienced quarterly growth of 100%. It currently serves over 130,000 members on the platform.
Ecozen Raises Rs 54 Crore in First Tranche of Series C Funding Led by Dare Ventures
Deeptech startup Ecozen has raised Rs 54 crore ($7 million) in additional funding as part of the first tranche of its Rs 200 crore Series C round. The new funding round was led by Dare Ventures, the venture capital arm of Coromandel International, with participation from existing investors Caspian and Hivos-Triodos Fonds through equity. Northern Arc, UC Inclusive Credit, Maanaveeya and Samunnati also participated in the debt financing.
“The new funding will be used to expand our product line, manufacturing capacity and boost exports. Expanding beyond India and beyond agriculture will allow us to expand our market potential and grow exponentially while ensuring sustainability,” said Devendra Gupta, CEO, and co – founder, Ecozen.
The company said it exceeded Rs 100 crore in revenue in the 2021-22 financial year and had positive EBITDA and was on track to more than double sales in the fiscal year. 2022-23 financial year and become very profitable. Growth will come from scaling up existing businesses as well as expanding beyond the Indian market, the company said. The company expects the market size of its innovative technology stacks in India to reach $25 billion by 2025.
Rooba Finance Wins $1.3M Seed Funding from IPV
Institutional crypto and digital asset management platform Rooba Finance has raised $1.3 million in a seed funding round led by Inflection Point Ventures, LetsVenture, Endurance Capital, KubeVC and other angel investors. Funds raised will be used for platform development, setting up an overseas licensed platform and enabling a global GTM, the company said.
“There is a need for a secure, fast and efficient trading platform that can be adopted by businesses to profit from enabling trading of digital assets. Rooba caters to this large untapped market, which we believe , will grow exponentially over the next 24 months,” said Mitesh Shah, co-founder of Inflection Point Ventures. The platform is expected to go live in October this year, with a strong international presence.
Cold chain solutions provider Tessol secures Rs 7.5 crore from Mela Ventures
Cold chain solutions provider Tessol has secured Rs 7.5 crore in a funding round led by Mela Ventures, with participation from existing investors 1crowdAngels and 1Fund.
Funds raised will be used for geographic expansion, capacity building, team building, new products and app development, the company said in a statement.
“The funds would be used for capacity expansion and team building. We will soon be onboarding some of the best minds who will also help us scale and grow in international markets. We aim to leverage their experience and their expertise to take Tessol to its next level of growth,” said Niranjana Neelakantan, Co-Founder and COO, Tessol. As part of the deal, Mela Ventures will soon join the company’s board of directors.
Kytchens raises Rs 6.5 crore equity from Anicut Capital and others
Kytchens, a comprehensive ‘cooking as a service’ platform, raised Rs 6.5 crore in equity for its pre-Series A funding led by Anicut and angel investors like Anand Ladsariya, Bharat Jaisinghani and Neeraj Goenka.
According to the company, the funding will help them build a strong and agile team with the right skills and capabilities to accelerate their growth in the Indian market. Additionally, the cloud kitchen service provider aims to expand its footprint in Mumbai and South Gujarat Tier 2 markets.
Additionally, Kytchens will allocate funds to exemplify its services as a strategic partner enabling growth of F&B brands with the strong managed cloud kitchen network comprised of central and delivery Kytchens strategically located to maximize reach, a statement added.
Biotech startup MicroGO raises pre-Series A funding of Rs 6 crore
MicroGO, a biotech startup, has raised Rs 6 crore in a pre-Series A funding round from angel investors in Kolkata. The funds will primarily be used to bolster MicroGO’s sales and marketing activities, the company said.
The company aims to provide its customers with hygiene and infection control solutions through technologies that deliver the correct science and ensure cost effectiveness and environmental sustainability. MicroGO holds patented platforms that have been awarded patents in as little as 90 days – one of the fastest patents granted in India.
“This is a very important time for us to scale our business, as we focus on increasing the reach of our products and solutions. What we build in this space is very important, as practices hygiene and infection control are seen as an expense and therefore do not receive the attention they deserve.
Additionally, unscientific practices add both AMR (antimicrobial resistance) and an environmental burden to the nation. All of this will have an impact on the basic needs of humanity, ie food, water and health. This capital injection will allow us to strengthen our presence in India by expanding the network of reach and creating hygiene consultants in the field,” said Dr. Rachna Dave, Founder and CEO of MicroGO.