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Home Gadgets FreshToHome | ETtech Deals Digest: FreshToHome, Finova Capital, InVideo raise funds this...

FreshToHome | ETtech Deals Digest: FreshToHome, Finova Capital, InVideo raise funds this week

FreshToHome, Finova Capital, InVideo, Jumbotail and Betterplace have been among the many startups that raised funds this week.


closed a $121 million funding round led by Funding Company of Dubai (ICD) – the principal funding arm of the Authorities of Dubai, personal fairness companies Investcorp and Ascent Capital, US authorities’s improvement finance establishment – DFC, the Allana Group and different buyers.

ET was the
first to report the development in its version dated October 13. The corporate plans to make use of the proceeds from the Collection C financing spherical to increase throughout its core market India, in addition to the Center East, whereas additionally specializing in deeper provide chain integration, it mentioned in an official assertion.

Finova Capital

Enterprise capital agency Sequoia Capital and personal fairness agency Faering Capital have
pumped in $35 million in Finova Capital, a non-bank lender to unorganised sector companies equivalent to carpentry workshops and inexperienced grocers.


Each Sequoia and Faering are current buyers within the Jaipur-based lender, which lends in opposition to mortgages to prospects in Rajasthan, Delhi and Madhya Pradesh by way of its 100-odd branches.


On-line video modifying startup InVideo
landed $15 million in Series A funding led by current investor Sequoia Capital India. The spherical additionally noticed participation from Tiger International, Hummingbird, RTP International, and Base Ventures.

The corporate plans to make use of the funds raised to construct out its collaborative, cross-device video creation suite in addition to speed up product improvement to assist extra people and companies create movies that match their wants.


Jumbotail, a business-to-business e-commerce market for meals and grocery merchandise,
picked up $11 million as a part of its Collection B2 funding spherical led by Heron Rock.

The startup mentioned it’s going to utilise the recent capital to increase its market into new geographies throughout India and in addition scale its J24 retailer community. It additionally plans to double down on its personal label portfolio and purchase extra FMCG manufacturers that need to faucet kiranas and standalone supermarkets.


Blue-collar workforce administration platform Betterplace
secured $10 million in a Series B funding spherical, led by Singapore-based Jungle Ventures, together with participation from current buyers Unitus Ventures, 3One4 Capital, and Enterprise Freeway.

The corporate will utilise the capital to scale up the platform and increase enterprise operations in India and abroad. It additionally desires to construct its presence in new enterprise verticals and increase its footprint within the small and medium enterprises sector.

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