Online edtech platform Cuemath is planning to raise 100 million dollars in a funding round this year. With this funding round, the company is targeting a valuation of 1 billion dollars by the end of 2022.To process inland letters of credit, 15 banks will collaborate and form a new company which will use blockchain technology. The new system will verify data using invoices on GST and way bills. This will quicken transactions and eliminate risk of frauds.Apna.co has raised 70 million dollars led by Insight Partners and Tiger Global. Existing investors Sequoia Capital, Lightspeed Venture Partners, Greenoaks Capital and Rocketship VC also participated in the round.Online automotive marketplace Carro has raised 360 million dollars in the latest funding round led by SoftBank Vision Fund 2. With this funding round, the company has become the region’s latest unicorn platform Flexmoney has raised 4.8 million dollars in a series A funding round led by Pravega ventures. The round also saw participation from Z5 Capital and several individual investors.D2C startup Pilgrim has raised Rs13 crore in a Series A funding round led by Fireside Ventures, Rukum Capital and the founding teams of Boat, NoBroker and Founder CEO of Bewakoof.com. Pilgrim is a Beauty and personal care platform.Junio has raised an additional funding of Rs.5 crore from Venture Catalysts, HNI investors and Family Offices led by Rajiv Dadlani Group. It is a Kid focused digital pocket money startup.Fraud protection startup nSure AI has raised 6.8 million dollars in a seed funding round led by Disruptive AI, Phoenix Insurance, AXA backed venture Kamet, Moneta Seeds and Private investors.Fintech startup FamPay has raised 38 million dollars in Series A funding round led by Elevation Capital. Existing investor Sequoia Capital India also participated in the round. FamPay offers payments and financial services to teenagers.
FintecIn order to allow non-operational entities to raise funds in initial share sales and list locally, the Securities and Exchange Board of India will plan to build new and separate regulations or amend the current ones on Special Purpose Acquisition Companies.
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