#FundingAlert: Klub raised $20 million in seed funding, Eruditus raised $650 million, and more

Here's a round-up of the latest funding news.

Klub raised $20 million in seed funding

The seed round of Klub, a fintech startup that provides revenue-based financing, was led by 9Unicorns and Sequoia Capital India’s accelerator programme Surge.

The 2019 company was started by Ishita Verma and Anurakt Jain and offers flexible growth capital ranging from Rs 2 lakh to Rs 30 crore to digital brands.

Rapido raised $52 million in latest funding round

The bike taxi platform’s latest funding round came from Shell Ventures, Yamaha, Kunal Shah CRED Founder, Amarjit Singh Batra CEO Spotify India, and Positive Moves Consulting.

Ultrahuman raised $17.5 million in Series B

The metabolic fitness startup’s latest funding round came from Alpha Wave Incubation (AWI), Steadview Capital, Nexus Venture Partners, Blume Ventures and Utsav Somani’s iSeed fund.

With this, the company has raised a total of $25 million in funding to date.

Eruditus raised $650 million

The ed-tech startup’s latest funding round was led by Accel US and Japan’s SoftBank Vision Fund II. With this capital infusion, the company’s valuation increased to $3.2 billion.

Pickrr raised $12 million in Series B

The SaaS-based logistics startup’s Series B was led by IIFL, Amicus Capital, and Ananta Capital.

Existing investors Omidyar Network India and Guild Capital also participated in this round.

Credgenics raised $25 million in Series A

With the funding round, the SaaS-based end-to-end debt resolution and legal automation platform’s valuation increased to $100 million.

The round was led by Westbridge Capital, Accel Partners, and Tanglin Venture Partner and also saw participation from Ashneer Grover, founder and CEO of BharatPe, Abhimanyu Munjal, MD and CEO of Hero Fincorp Group, Karthik Bhat, founder of Force Ventures, and Kushal and Gautam, founders of Fareye.


Amanat Khullar oversees content and editorial at ADIF.

Join the Alliance of Digital India to become a part of our journey to transform India’s startup ecosystem into the best in the world.