PolicyBazaar rejigs cap desk
On-line insurance coverage aggregator PolicyBazaar
executed yet another secondary share sale value about $45 million, by which personal fairness agency True North and a few angel and particular person buyers bought their stakes. The transaction values the corporate at about $2.4 billion.
Bay Capital, IIFL Wealth, White Oak International Advisors and Cyrus Poonawalla Group are among the many incoming buyers in PolicyBazaar’s dad or mum entity ETechAces Advertising and Consulting, which additionally operates on-line lending market PaisaBazaar.
PocketPills will get $30 million funding
On-line pharmacy PocketPills, which caters to customers within the Canadian market,
received $30 million in a Series B funding round led by Telus Ventures, with participation from Water Bridge Ventures. The deal values the corporate at $150 million, an individual with data of the matter informed ET. PocketPills is anticipated to make use of the funds to broaden its product choices and speed up its growth plans in Canada.
Cashify baggage $15 million
Cashify
picked up $15 million in a Sequence D funding spherical from personal fairness Olympus Capital’s clear power and sustainability arm, Asia Environmental Companions. Together with this, the net reseller has raised a complete of $40 million up to now. The Gurugram-based startup final raised funds in 2018 from Chinese language funds—CDH Investments, Morningside and Aihuishou.
The majority of Cashify’s enterprise is buying and selling in previous or used cellphones, nevertheless it additionally makes instantaneous money funds for laptops and smartwatches. The corporate plans to utilise the funds for advertising and marketing and increasing its offline footprint by including round 90 shops to its current 60 by mid-2022. It plans to take action by way of a franchise mannequin in metro in addition to Tier II cities.
Apna.co lands $12.5 million
Apna.co, knowledgeable networking platform for blue and gray collar staff,
landed $12.5 million led by Sequoia Capital India and Greenoaks Capital. Present buyers, Lightspeed India and Rocketship.vc, additionally participated within the spherical.
With the most recent funding, the corporate has raised $20 million within the final six months. At present current in seven cities, the startup plans to utilise the funds to increase into eight extra cities this 12 months and strengthen its presence within the current ones.
Symbo Platform closes $9.4 million funding spherical
Insurtech startup Symbo Platform Holdings
closed a $9.4 million funding round led by CreditEase Fintech Funding Fund and San Francisco-based funding agency Assume Investments. The Singapore-headquartered firm additionally noticed participation from current buyers, Integra Companions, Insignia Ventures and AJ Capital.
A big proportion of the funds has additionally been earmarked for funding into Symbo’s Indian affiliate. In India, Symbo is concentrated on context-based, buyer need-oriented targeted insurance coverage.
Different key offers of the week
■ E-commerce startup
DealShare has
raised Rs 25 crore in debt funding from Innoven Capital.
■
Outplay, a gross sales engagement platform focused at small and medium companies,
bagged $2 million in funding from Sequoia Capital India’s early-stage accelerator fund Surge.
■
IdeaForge, a homegrown unmanned aerial automobile (UAV) startup, has
landed Rs 15 crore in enterprise debt from BlackSoil.
■
Argoid, an AI-driven streaming media personalisation platform, has
raised $1.7 million in a seed funding spherical that was led by YourNest Capital.
■ Edtech platform
Questt has
picked up $1.35 million in a seed funding spherical led by Chiratae Ventures.
■ The
ePlane Firm, a startup that’s making an attempt to construct flying electrical taxis to alleviate congestion in cities, has
received around $1 million in a seed funding spherical led by Speciale Make investments and Indian American entrepreneur-investor Naval Ravikant.
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