[Funding roundup] Open joins the unicorn club; BarRaiser, Twixor, Frendy and others raise capital

Fintech startup Open becomes India’s 100th unicorn, raises $50M in IIFL-led Series D

Neobanking platform focused on SMEsOpenedannounced $50 million in its IIFL Series D round on Monday, along with existing investors Temasek Holdings, Tiger Global Management and 3one4 Capital.

To date, the Bangalore-based startup has raised over $140 million in funding, backed by global investors including Temasek, Google, Visa, Tiger Global, Beenext, Recruit Strategic Partners, 3one4 Capital, Speedinvest, Tanglin Venture Partner Advisors, Angellist and Unicorn India Ventures to name a few.

Within six months of raising your Series C round of Rs 735 crore ($100 million) led by Temasek, the startup pocketed its Series D round, at a valuation of $1 billion. making it India’s 100th unicorn.

open founders

Smart interview platform BarRaiser raises $4.2M in seed round

Bar Raiser, an AI-powered smart interview platform, has raised $4.2 million in seed funding. The initial funding round was led by 021 Capital and Global Founders Capital, with the participation of other angel investors.

The capital will be used to expand the company’s geographic footprint and enable BarRaiser to expand its data science and engineering teams to meet growing demand for its SaaS product and interview community (BarRaiser+).

BarRaiser’s mission is to help companies hire exceptional talent faster, while conducting structured and fair interviews.” says Avinash Saxena, CEO of BarRaiser and former founder of Roposo, a social video app. “We are working with more than 250 leading technology companies and are seeing continuously growing demand around the world. This funding round will help us expand our reach and make additional investments in technology that helps bridge the gap between talent and opportunity.”

Bar Raiser Team

Mira Kapoor invests in Nutrition for Wellness

Wellness Nutritiona one-stop shop for all things organic and whole food multivitamin nutrition, has announced Mira Kapoor as an investor in the brand.

Started in 2019 by avnish chhabria, Wellbeing Nutrition is a research-driven innovative leader in plant-based whole food nutrition, based in Mumbai. Backed by research in the US conducted by a team of doctors, scientists and nutritionists, the brand has created multiple nutrition technology innovations such as Melts Oral Thin Strips, multi-layer effervescent tablets and its latest Launch Slow 2-1 (Omega + Multivitamins ) that incorporates an 8-hour delayed-release capsule technology.

The company works with more than 150 organic farms and clinically approved suppliers around the world to source the cleanest plant-based ingredients.

Mira Kapoor invests in Nutrition for Wellness

The brand currently sells in over 2,000 stores in India and over 5,000 stores worldwide in the US, UK, UAE and Germany.

The brand also recently partnered with Disney to launch an all-natural, organic line of children’s multivitamins and omegas that were developed by pediatricians and physicians in the US.

Twixor raises $2.4 million from Season Two Ventures, Axilor Ventures and The Chennai Angels in Series A round

twixora low-code no-code (LCNC) conversational AI and process automation platform has announced it will raise $2.4 million in the Series A round of Adventures of the second season (an Indian-American broker venture capital firm), Axilor Ventures and The Chennai Angels. The platform was developed entirely on the IIT Madras campus and has a significant presence in India, with offices in Chennai and elsewhere.

A Singapore-based company with an R&D center at IIT Madras Research Park, Chennai, Twixor helps companies create hyper-personalized engagement solutions. Simplifies how organizations integrate consumer interactions/engagements into their business processes to provide enterprise customers with better AI-powered cognitive experiences. With six global patents in its kit, the CX automation platform fuels accelerated conversations by driving seamless, low-friction, multilingual, app-free interactions and transactions. The platform is developed by the IIT Madras campus and has a significant presence in Chennai and other parts of India. The company is looking to aggressively scale its reach and operations. The new funds will be used to further its innovation journey, strengthen strategic partnerships, global expansion and recruit talent.

According to the startup, it will soon launch its global SaaS platform: ‘TARGET Twixor’a no-code omnichannel messaging engine, and ‘Twixor Compute’a low-code process automation engine.

Frendy closes its Series A round, at Rs 23 Cr ($3M)

frendya community group buying platform increased the size of its A series fundraising, closing at Rs 23 crores ($3 million). The company had raised a smaller tranche from investors in December 2021. Frendy’s new round has seen renewed participation from the Desai family office and new investors through the Let’s Venture Angel Fund led by MARV Capital of New York. , Centera Fund UK and angel investors such as Shalabh Mehrish of Vinson Cap Advisors, Jon Piebenga – Partner, Social Venture Partners Charleston, Brian Giarocco, Ground Swell Capital, Raza Hasnani MD, Africa50 Fund, Kunal Shah – MD, Nomura, Arthur Farme – CEO Group H Brazil, Vivek Baliga – MD, BMO & Chetan Vig MD, Teachers’ Pension Fund, Vikas Lunia, Lunia Capital.

Founded by Sameer Gandotra an MBA from Wharton Y Gowrav Vishwakarma a tech entrepreneur, the startup has a team of 100 professionals, including its internal technology team. The startup has seen incredible traction and has expanded into stealth mode with operations in over 25 tier 2-6 cities and over 4,500 products. The company has recently expanded its reach by making inroads into Rajasthan with Madhya Pradesh next on the cards.

The Company has achieved an income of Rs 43 crore in its first year of operations with balancing unit economics.

Cooee raises £300K in pre-seed round to democratize AI for digital user engagement

cooeethe AI ​​platform that helps mobile apps increase customer retention with personalized engagement has received £300,000 in seed funding from investors including venture capital firm Jenson Funding Partners, as well as several angel investors from the United States, India and the United Kingdom. .

Cooee offers personalized one-to-one push and in-app notifications that help businesses increase revenue and reduce churn. It uses AR, computer vision, and machine learning to create unique engagements for each customer in real time instead of the traditional approach of aggregating infinite different segments of users and delivering campaigns on a fixed schedule.

It’s a low-code platform built with ease of use in mind, so businesses can embed the service within their app in minutes with a simple integration. With every commitment delivered, Cooee continually learns and automatically improves.

Truscholar raises funds from SucSEED Indovation

Asset Chain Techlligence Pvt. Ltd. (known as TruScholar), has secured an undisclosed Capital led by Hyderabad based SucSEED Innovation Fund, an early-stage, deep-tech oriented fund. Other angel investors from Padup Ventures, Vinners Group and the TiE Angel community have also joined the investment round.

Slogan “Become Intel Inside of Education World by empowering all blockchain learning credentials and helping them retain their skills passport; Truscholar aims to become a revolutionary solution to help Edtech Universities, Institutes and Start-ups to issue a verifiable and immutable copy of digital certificate and badges for lifetime cherish by their students.

Truscholar has been embarked on by more than 140 educational institutions, universities, event organizers, ed-tech/e-learning and corporations in the country, who use them constantly for the issuance and verification of certificates and badges, since August 2021. As a result , has issued more than 25,000 digital certificates and has successfully verified and authenticated more than 11,000 certificates/credentials.

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