#FundingAlert: Unacademy raised $440 million in Series H, crypto platform Vauld raised $25 million, and more
#FundingAlert: Unacademy raised $440 million in Series H, crypto platform Vauld raised $25 million, and more
Here's a round-up of the latest funding news.
Apnaklub raised $3.5 million
The business-to-business (B2B) wholesale platform Apnaklub helps connect kirana shops and general stores in India’s semi-urban and rural areas to a whole range of consumer as well as fast-moving consumer goods (FMCG) brands through a network of digitally-connected wholesale partners.
With the latest funding from Sequoia Capital India’s Surge, the company’s total capital raised is at $5 million.
Unacademy raised $440 million in Series H
The Bangalore-based online learning platform’s latest funding round was led by Temasek and included participation from Mirae Asset, SoftBank Vision Fund 2, General Atlantic, Tiger Global and Deepinder Goyal of Zomato and Oyo's Ritesh Agarwal.
The six-year-old startup has raised $860 million to date and with the latest round, its valuation increased to $3.44 billion.
Minimalist raised $15 million
The Series A funding round was led by Sequoia Capital India and saw participation from Unilever Ventures.
The company will use the funds for global expansion, enhancing its infrastructure, research and development capabilities as well as content curation.
SP Robotic Works raised $3 million
The Series A funding round of the AI-based edutainment startup was led by Mount Judi India Growth Fund and will be deployed towards strengthening and amplifying the company’s user base and expanding the product portfolio.
Crypto platform Vauld raised $25 million
The Series A funding round of Vauld – a crypto platform for financial products – was led by PayPal founder Peter Thiel's Valar Ventures.
Founded in 2018, the company has so far raised $27 million.
Easy raised $15 million in Series A
The mortgage finance startup provides fully insured home loans to protect consumers against vulnerabilities.
Their Series A round was led by Xponentia Capital and saw participation from Harbourfront Capital, Finsight VC, RaSa Future Fund, Navida Capital AB, Helena Wasserman Eriksson, and Integra Software.
Flam raised $3.5 million
The AR-powered social media networking platform’s seed funding round was led by Silicon Valley Quad and Inventus Capital Partners SV and saw participation from 9Unicorns, Kwaish Ventures, and prominent angels.
The company launched ‘FlamCard’ – its first consumer product. These are printed videos that can be turned into AR videos when scanned through the Flam app.
Amanat Khullar is the Content and Editorial Manager at ADIF.
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