#FundingAlert: Crypto exchange CoinDCX raised $90 million, UpGrad raised $185 million, and more

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

CoinDCX raised $90 million

The Series C round of the cryptocurrency exchange – led by co-founders Sumit Gupta and Neeraj Khandelwal – was led by Facebook co-founder Eduardo Saverin’s B Capital.

The latest round valued the company at $1.1 billion, making it a part of the unicorn club. CoinDCX is India’s first crypto company to become a unicorn.

Log 9 materials raised $8.5 million

The advanced battery tech startup’s funding round was led by Amara Raja Batteries. Existing investors – Exfinity Ventures and Sequoia Capital India's Surge Programme – along with a group of new investors were also a part of the Series A+ funding round.

The funds will be put towards the expansion of production capacity and business development efforts of the company’s latest innovation: Rapid Charging Battery technology.

FlashPrep raised $500,000 in pre-seed funding

The funding round in the Bengaluru-based ed-tech startup was led by Venture Highway and saw participation from Better Capital, First Cheque and a few angel investors.

FlashPrep – a mobile-based platform that offers school curriculum-related learning solutions – was started in October 2020 by Dhiresh Nagwani and Ashwini Dhekane.

UpGrad raised $185 million to become a unicorn

Singapore state investor Temasek, the World Bank Group’s International Finance Corporation, and investment firm IIFL participated in a series of funding rounds in the ed-tech startup that raised the company’s valuation to $1.2 billion.

The Mumbai-based startup was founded by Phalgun Kompalli, Mayank Kumar, and Ronnie Screwvala.

Neobank Jupiter raised $44 million

The Series B round was led by Brazil’s Nubank and also saw participation from Global Founders Capital, Sequoia Capital India, and Matrix Partners India.

Jupiter was founded in 2019 by Jitendra Gupta and its total funding to date stands at $69 million

Mindtickle raised $100 million to become a unicorn

The software-as-a-service (SaaS) startup turned a unicorn last week when the latest funding round of $100 million led by SoftBank Group Corp increased its valuation to $1.2 billion.

The company has raised $281 million to date.

Zeni raised $ 34 million from Elevation Capital, others

The Series B round of the platform that provides bookkeeping and accounting service for startups was led by Elevation Capital with participation from new investors Think Investments and Neeraj Arora.

With this, the firm has raised $47.5 million so far. The latest round of capital will be used to bring the company’s intelligent bookkeeping and accounting platform and services to more customers by investing in its team in the United States and India.

BharatPe becomes a unicorn with $370 million in funding

The latest funding round of $370 million – led by Tiger Global Management –increased the company’s valuation to $2.85 billion.

Existing investors Coatue Management, Insight Partners, Sequoia Growth, Ribbit Capital and Amplo have also participated in the latest round.

StockGro raised $5 million in pre-Series A

The funding round in the Bengaluru-based social investment startup was led by Roots Ventures and Velo Partners. The capital will be used towards growing the company’s user base, hiring tech talent, and building new features.

The startup was founded last January by former venture capitalist Ajay Lakhotia.

Yellow.ai raises $78.15 million

The Series C round of the company, which aims to automate total customer experience, was led by WestBridge Capital, Sapphire Ventures, and Salesforce Ventures.

The capital will be used to fund the startup’s growth and global expansion plans and hire talent across Southeast Asia, Latin America, the US, and India.

Infra.Market raised $125million

The funding, part of its Series D round led by Tiger Global, valued the company at $2.5 billion.

The constructions material marketplace raised $268.5 million in funding till now from investors, including Evolvence India, Sistema Asia, Accel Partners, Nexus VP, and Trifecta Capital Advisors.


Amanat Khullar oversees content and editorial at ADIF.

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