Homexchange raises $4m, Swadesh gets $2.25m, Wonderlend Hubs pockets $1.6m from Ipv and Ian


Homexchange raises $4M from HDFC Capital and others

Real estate tech startup Homexchange has raised $4 million from HDFC Capital, Oberoi Realty and Anarock Group. The company, which helps consumers move to new residential property instead of their old property, will use the funds for geographic expansion, partnership development, hiring and the technology platform.

It has a presence in Mumbai, Thane and Bengaluru, and has executed transactions of around Rs 120 crore so far, Homexchange said in a statement.

Swadesh secures $2.25M from Khosla Ventures, Y Combinator, 8VC

Swadesh, a cross-border fintech company for Indian expats, has secured $2.25 million in a pre-seed funding round led by Khosla Ventures, 8VC, Y Combinator and Section32.

The startup will use the new capital to scale up customer acquisition and expand its suite of NRI-focused financial products, including NRE/NRO accounts, it said in a statement.

“Barriers to Indians’ access to banking services in the United States include a lack of financial history and background in the United States, unfamiliarity with banking and tax codes, especially in terms of visa or visa status. immigration, and language barriers that may be exclusive for Indians.

Through Swadesh, we bypass these hurdles to provide top-notch banking and support, and we genuinely care about our customers’ success through Swadesh Club (our desi networking platform) and product features such as subsidized American SIM cards,” said Prateek Swain, founder of Swadesh.

WonderLend Hubs Gets $1.6M LPI, IAN

WonderLend Hubs, a NoCode PaaS solutions provider, raised $1.6 million in a seed funding round led by Inflection Point Ventures, Indian Angel Network and others.

The startup intends to use the new capital to complete its platform as a service transformation, strengthen sales and marketing, and create a framework of delivery excellence so it can grow the business at scale.

The funding will also be directed towards building distribution partnerships in India, Asia-Pacific, North America and other overseas markets to tap into the broader global opportunity, according to a statement.

Fieldproxy secures Rs 6 crore in pre-Series A round led by Y Combinator

Fieldproxy, a no-code SaaS platform, raised Rs 6 Crores in its pre-Series A round led by Y-Combinator (W22 Batch). Number Capital, Mars Shot Ventures, Kevin Moore, Chairman of KRM Interests, and Abheek Basu, CEO of Tachyon, also participated in the round.

The funding round was also supported by existing investors LetsVenture, 2am VC, magic.fund and other high-profile angel investors. The company has raised Rs 8.3 crores in funding so far. The fresh capital will primarily be used to scale up its go-to-market (GTM) efforts.

“As we ramp up our GTM efforts, Feildproxy not only aims to meet the needs of more enterprise customers, but also works to evolve our library of ready-to-use templates to help businesses s ‘integrate and build industry-leading solutions in minutes,’ said Swaroop Vijayakumar, co-founder and CEO Fieldproxy.

Clensta secures Rs 3 crore from Caspian Impact Investments

Clensta, a personal and home care startup, has raised Rs 3 crore in debt from impact investors Caspian. The company also raised Rs 20 crore in funding from Hem Angels, part of Hem Securities, Venture Catalysts and Inflection Point Ventures in the Series A funding round last year.

“Our goal is to reach 5 million households with our solutions in 5 years, achieving a turnover of Rs 1,000 million. We are extremely happy to have Caspian on board as a partner in this journey, considering their legacy in supporting impactful entities.

We are confident that we can use these funds to grow our D2C business while continuing our work to create social and environmental impact in a responsible, transparent and sustainable way,” said Puneet Gupta, Founder of Clensta.

Cricketer Smriti Mandhana supports Ayurvedic brand Neem Ayu

Indian Women Cricket vice-captain Smriti Mandhana has invested undisclosed capital in Ayurvedic start-up Neem Ayu. Mandhana will also be the brand ambassador for the company.

The brand plans to expand its presence across India and develop new solution-focused product lines backed by the power of Ayurvedic science, it said in a statement. This is the first time an Indian cricketer has invested in a company.

“I travel and compete around the world in grueling weather conditions in different time zones, so when it comes to taking care of my hair, I often find a lack of credible solutions.

What immediately made me confident about Neem Ayu’s brand proposition is that its foundation lies in the proven efficacy of Indian Ayurveda, backed by intensive research. These products promise to show effective results. I am extremely excited to embark on this partnership,” Mandhana said.

Onsitego, backed by Accel, invests in DIGI2L

DIGI2L, a digital platform that enables the sale and exchange of used electronics and appliances, has received an undisclosed investment from Onsitego, an aftermarket service provider.

The company will use the funds to expand its business, build brand awareness and grow its technology platform across India. Accel-backed Onsitego offers extended warranty, damage protection, AMC plans, and on-demand repair services for all electronics and appliances.

The investment in DIGI2L will help strengthen the brand’s positioning as a one-stop-shop for its customers throughout the device lifecycle, a statement said.


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