Quona Capital Closes $332m Fund, Amagi Raises Over $100m From Basic Atlantic, Keka Raises $57m In Sequence A Spherical & Extra

Right here’s a lowdown of the highest offers from the startup house this week.

Quona Capital closes $332M fund to spend money on rising markets

Mission capital company Quona Capital has closed its 3rd fund at $332 million, which it is going to spend money on rising markets together with India.

That is the 3rd fund from Quona Capital since its inception, bringing the company’s mixture dedicated capital to over $745 million.

“With 35 p.c of the worldwide inhabitants and over 150 million small companies, the Asia area hosts an overly massive share of the arena’s marginalised shoppers and small companies. The speedy digitisation of those markets — mixed with the leading edge answers advanced via the firms Quona is making an investment in — are bringing those shoppers and small companies into mainstream financial and monetary methods,” stated Ganesh Rengaswamy, who leads Quona’s investments in India and Southeast Asia.

Amagi raises over $100M from Basic Atlantic

Media-focused SaaS unicorn Amagi has raised over $100 million, together with $80 million in number one capital, from world expansion fairness company Basic Atlantic.

The funding brings the corporate’s valuation to $1.4 billion, an building up from the $1 billion valuation the corporate reached in March this yr with a $95 million funding from Accel, Norwest Mission Companions, and Avataar Ventures.

With this newest investment, the startup intends to toughen beef up infrastructure for purchasers and spend money on AI-driven personalization, promoting, and live-streaming answers, specifically within the FAST ecosystem.

Keka raises $57M in Sequence A spherical from WestBridge

Keka, a Hyderabad-based HR tech platform for small and medium-sized enterprises, has secured $57 million in Sequence A from WestBridge Capital.

As in step with the corporate, that is India’s greatest Sequence A SaaS investment. “I imagine we raised investment on the proper time. We now have been the fastest-growing HR tech chief in our house. Even if we were given a number of provides for investment prior to now, we by no means felt the timing used to be proper,” stated CEO Vijay Yalamanchili.

“As we advance, R&D will probably be our number one house of focal point as we enlarge our engineering, product, and buyer good fortune groups,” the CEO added.

Even Healthcare luggage $15M from Alpha Wave & Lightrock

Even Healthcare, a subscription-based personalized healthcare startup, has raised $15 million from new traders together with Alpha Wave and Lightrock.

In a observation, the company stated it is going to use the brand new capital to toughen its medical group of docs to scale its preventive take care of comorbidities like diabetes, PCOS, weight problems, amongst others.

Even stated it builds number one care programmes as in step with world protocols to make stronger medical results. The corporate additionally claims to scale back OPD (out-patient division) prices.

Supertails raises $10M in Sequence A spherical from Fireplace and others

Petcare startup Supertails has raised $10 million in Sequence A investment spherical led via Fireplace Ventures, at the side of current traders Saama Capital and DSG Shopper Companions.

The spherical additionally participation from angel traders reminiscent of Kunal Shah, Varun Alagh, Sanjay Kapoor, Ankit Nagori, and Shashank Mehta.

As in step with the startup, the recent capital will probably be used to construct leading edge tech merchandise together with Supertails’ cellular utility, enlargement of verticals reminiscent of Vet Diets and Puppy Pharmacy channels, toughen the provision chain and beef up the post-sales revel in.

doola will get $8M from Nexus Mission Companions and Y Combinator Continuity Fund

Doola, a company that aids world founders to start out firms in the USA, has raised $8 million in investment via Nexus Mission Companions with participation from the Y Combinator Continuity Fund and extra.

This new fundraise comes proper after a successful yr and the release of doola Banking — an out there manner for LLCs around the world to financial institution and construct credit score in the USA, a observation stated.

“Through offering adjoining monetary equipment designed to assist rising firms develop extra successfully, doola is the gas those companies want. Rising doola’s group will let us release new merchandise and iterate on current merchandise. We let information, buyer comments, and insist force our product innovation,” stated Arjun Mahadevan, CEO, doola.

pi Ventures raises $ 8M from British World Funding

Early-stage undertaking fund pi Ventures has raised $8 million from British World Funding (BII), the United Kingdom’s construction finance establishment and affect investor.

With the BII funding, the fund is these days monitoring showed investments of over Rs 530 crore and plans to do its ultimate shut within the first quarter of CY 2023 within the vary of Rs 565 crore to Rs 750 crore, the company stated in a observation.

The fund will spend money on startups curious about AI and different varieties of deeptech throughout sectors together with, however now not restricted to Blockchain, Spacetech, Biotech, and Subject matter Science amongst others. pi Ventures stated it is going to proceed to concentrate on early-stage investments via this fund.

Chiratae Ventures leads $1.7M seed spherical in Skye Air Mobility

Drone-based startup Skye Air Mobility raised $1.7 million in its seed investment spherical led via Chiratae Ventures. The spherical additionally noticed participation from traders like Lead Angels, O2 Angels, Agility Ventures and LetsVenture.

A number of marquee names together with Rajeev Chitrabhanu, Ankit Nagori, Varun Alagh, Gautam Badalia, Ayush Lohia and others, additionally participated.

With this funding, Skye Air stated it is going to be aiming for quicker deliveries, decreasing carbon emission, decreasing value, and extending accessibility.

Sanfe luggage $1.5M in Sequence A2 investment from Seeders, LetsVenture and others

Sanfe, a ladies’s grooming emblem, has raised $1.5 million in a Sequence A2 spherical of investment led via current traders S Chand Circle of relatives workplace, Seeders and LetsVenture. 

The spherical additionally noticed participation from angel traders, together with Abhay Tandon, Yash Kotak. Ultimate yr, Sanfe raised $1 million in a Sequence A investment spherical which takes the overall investment to $2.5 million.

The startup intends to make use of the extra investment raised to go into the offline marketplace and keep an eye on the femcare marketplace. Sanfe claims that its on-line industry has grown via 100% within the present quarter, and the logo has accomplished over 240% expansion once a year.

Zerodha’s funding arm Rainmatter backs house home equipment startup Up

Zerodha Co-founder and CEO Nithin Kamath-led fintech fund and incubator Rainmatter has invested $500,000 in house home equipment startup Up.

The spherical additionally noticed participation from co-founders of Ather Power, Unacademy, Stanford Angels & Marketers India, and early Tesla investor Tim Draper.

As in step with the corporate, the recent capital will probably be used to beef up its flagship product- delishUp- which plays reducing, stirring and different culinary purposes. The startup claims that its equipment has been examined in additional than 250 Indian kitchens all through its pilot mission.

CureBay secures Rs 50 Cr in Sequence A spherical from Elevar

Rural-India targeted health-tech startup CureBay has raised Rs 50 crore in a Sequence A investment spherical led via Elevar Fairness.

The company plans to release 100 eClinics within the subsequent 365 days and stated that the capital will probably be invested into obtaining professional ability, increasing to new places, and extra strengthening the tech platform and care supply type.

Lately, CureBay has 15 eClinics throughout a couple of faraway districts and villages of Odisha and claims to have helped over 10,000 sufferers.


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