NoBroker Becomes Unicorn With $ 210 Million Funding
Real estate platform NoBroker.com raised $ 210 million in funding in its last round and turned into a unicorn at a valuation of $ 1 billion. The cycle was led by General Atlantic, Tiger Global Management and Moore Strategic Ventures. This brings the total funding raised by NoBroker to $ 361 million.
“One of the main uses of this fundraiser will be to invest in NoBrokerHood, our community app and our Marketplace. We have signed 10,000 companies so far and the goal would be to aggressively grow and achieve 1 lakh companies over the next two years, “said Amit Agarwal, co-founder and CEO of NoBroker.com. The company provides services for the needs related to the real estate rental, purchase, home services, financial services and management of the company.
Karan Johar and Yuvraj Singh invest in Nothing by Carl Pei
Mainstream tech brand Nothing, which announced $ 50 million in funding for its Series A last month, revealed that film producer and director Karan Johar, cricketer Yuvraj Singh and creator Fashion designer Sabyasachi Mukherjee also joined the round as investors. Digital content creator and entrepreneur Ranveer Allabadia and freelance songwriter and singer Jasleen Royal also joined supporters of Nothing, the company said on Tuesday.
Nothing was launched by OnePlus co-founder Carl Pei late last year. He has so far raised a total of $ 74 million. As of December last year, the company raised $ 7 million in seed funding from leading investors, including Tony Fadell (inventor of the iPod), Casey Neistat (YouTuber), Kevin Lin (co -founder of Twitch) and Steve Huffman (CEO of Reddit). In February of this year, the company raised $ 15 million from GV (formerly Google Ventures.).
Biryani By Kilo pockets $ 35million in Falcon Edge-led Series B round: reports
Biryani By Kilo pocketed $ 35 million in a Series B funding round led by Falcon Edge Capital, with participation from SBI and existing investor IvyCap Ventures.
According to reports, the food startup will use the funds to expand its biryani brand nationwide, targeting more than 200 outlets by the end of 2024.
In addition, BBK seeks to penetrate international markets. “BBK would also consider acquiring other brands of F&B cloud kitchens that can be deployed India-wide using our expertise in supply chain, technology and marketing,” said Founder Vishal Jindal.
True Balance raises $ 30 million in debt for its financial arm
True Credits – the NBFC and an affiliate of an RBI-licensed loan company, True Balance – has announced a fundraising of $ 30 million (around Rs 223.2 crore) from investors, including Northern Arc, Arthmate, Shine Star and others.
With this, the total debt fund raised stood at $ 55 million in fiscal 2021. This third round of investment came from the mix of new and existing investors, namely Northern Arc, Arthmate, Shine Star, E clear and Hinduja, and other Korean investors to support the company’s growth in India, the company said in a statement.
True Balance India is the wholly-owned subsidiary of Balancehero, Korea, which manages and operates the “True Balance” lending platform. The fintech company has disbursed loans of over Rs 600 crore in this calendar year through its licensed branch NBFC – True Credits. The company intends to cater to clients in the monthly income bracket of Rs 10,000 to Rs 40,000.
Haber raises $ 20 million in Series B funding to advance AI for industrial sustainability
AI-based industrial robot maker Haber has raised $ 20 million in a Series B funding round led by Ascent Capital. Other investors who took part in the round were Accel, Elevation Capital, BEENEXT, Temasek partner Mukul Chawla and the founders of GreyOrange, another robot services company, Samay Kohli and Akash Gupta.
The funds will be used to expand its reach into new geographies and industries, with the goal of saving over 400 billion liters of water over the next two years and deploying over 10,000 eLIXA over the next 5 years, the startup said in a statement.
Haber has helped customers save fifty billion liters of water and eliminate half a million tonnes of carbon emissions. Reducing carbon emissions is one of the key environmental issues, which will even be in the spotlight at COP26 in November 2021.
Shield-IoT Secures $ 7.4 Million Series A Funding
Israeli Internet of Things (IoT) cybersecurity startup Shield-IOT has raised $ 7.4 million in a Series A funding round led by NextLeap Ventures and Bloc Ventures. Atlas Ventures, Akamai Technologies, Springtide Ventures, DIVEdigital and Janvest Capital Partners also participated in the round table. The company intends to use the funds to expand its operations and commercial reach.
Founded in 2017 by Udi Solomon, CEO, and Professor Dan Feldman, Scientific Director, Shield-IoT offers a cloud-based software solution to protect any IoT device or application without modifying end customer networks, streamlining the implementation of large-scale implementation. IoT and 5G networks.
With Shield-IoT, IoT service providers and brands can monitor and secure their large-scale B2B IoT and IIoT networks, reduce operational costs, and generate new revenue streams with value-added services.