Weekly Startup Report: 24th - 30th December
Tredence raises $175 Mn in Series B round
Data science and AI service company Tredence secured $175 million in a Series B round, led by Advent International, and included previous investor Chicago Pacific Founders. The funds will be used to develop vertical competencies, increase the client base, and build on its growing momentum. Tredence offers consumers a unique perspective on data and analytics through customized solutions and attempts to close the gap between insight delivery and value realization.
Source: BWDisrupt
Money View raises $75 Mn
Online credit provider Money View raised $75 million in a series E funding round, led by Apis Partners. The round also saw participation from existing investors like Tiger Global, Winter Capital, and Evolvence. The funds will be used to scale the core credit business, expand the workforce, and add services like digital bank accounts, insurance, and wealth management solutions to its product line. Money View provides customised credit products like cards, BNPLs, rapid personal loans, and personal financial management software.
Source: YourStory
WeWork India raises $66.5 Mn
Co-working spaces provide WeWork India received $66.5 million from the private loan platform BPEA Credit to support growth aspirations. It will use the capital to expand and consolidate commercial prospects. WeWork India offers shared facilities for coworking, both physically and virtually across six major cities in India that include Bengaluru, Mumbai, Gurugram, Noida, Hyderabad, and Pune.
Source: VCCircle
Home First raises $33.8 Mn
Technology-driven affordable home finance startup Home First raised $33.8 million from IFC, a World Bank Group member. The company plans to use the funds to finance retail purchases of affordable homes and green affordable housing units and promote homeownership among low-income groups. It primarily provides housing loans for the purchase or development of houses.
Source: BWDisrupt
Eduvanz raises $12.6 Mn
Education-focused lending tech startup Eduvanz raised $12.6 million in an extended series B round led by Rethink Education Ventures. The round also saw participation from S3 Partners Group, Juvo Ventures, Sequoia Capital, and Unitus Ventures. Eduvanz is an online marketplace for education financing here it provides educational loans with 0% interest rates, allowing students to take classes now and pay for them late in manageable monthly installments.
Source: YourStory
Ecozen raises $10 Mn
Agriculture-focused deep tech startup Ecozen received $10 million in funding from Nuveen Global Fund. Ecozen provides fundamental technology stacks, such as motor controls, IoT, and energy storage, as well as climate-smart deep tech solutions, and Ecotron and Ecofrost are the two main products of the company. Ecofrost is a solar-powered cold storage room that preserves the freshness of farm goods, while the former is driven by durable hardware and software that ensures flawless water output.
Source: YourStory
Hair Originals raises $1.25 Mn
Premium haircare startup Hair Originals raised $1.25 million from investors including Anicut Capital, Kesh Kala Family Office, JITO Angel Network, and many others. The funds raised will be used to boost operations by up to four times and reach 100 crores ARR by the end of 2024.
Hair Original is a D2C startup that sells hair extensions and DIY wigs, manufactured from ethically sourced natural human hair.
Source: The Startup Lab
SaveIN raises $1 Mn
Credit-focused fintech firm SaveIN raised $1 million in initial funding from its current backer Pioneer Fund. The funds obtained will be used for product development as well as for expanding its workforce and marketing reach. SaveIN is a fintech startup that seeks to improve how Indians obtain high-quality healthcare. The firm provides patients with credit and financing choices throughout its network of healthcare providers at no cost, in the form of equivalent monthly installments (EMIs).
Source: The Startup Lab
BioVeda raises undisclosed seed funding
Agritech startup BioVeda Agro Ventures has received undisclosed money in a seed funding round from the angel investor network iAngels of India Accelerator. The funds raised will be used to scale up its technology stack and expand the company's operations. BioVeda focuses on financial inclusion for farmers via organised finance, agri-inputs, and market connections. The startup provides a variety of agro services to farmers, including the ability to sell their goods, purchase agricultural materials, and obtain finance at lower interest rates.
Source: The Startup Lab