Insurtech Startup Turtlemint Takes $120 Million As Valuation Over $900 Million
Insurtech startup Turtlemint has raised $120 million led by Amansa Capital, Jungle Ventures and Nexus Venture Partners with participation by Vitruvian Partners and Marshall Weiss, along with other existing investors. The startup intends to use the new money to expand into new geographies, expand its leadership team and strengthen its product line.
WoodenStreet Furniture Raising $30 Million Led By West Bridge Capital
Furniture and home décor platform WoodenStreet has raised $30 million in a funding round led by WestBridge Capital at $156 million (1,200 crore). The startup will use the latest injection of capital to expand into different markets, invest in technology, expand the supply chain and add more categories. The fundraising was a mixture of primary and secondary investment.
ETtechIllustration: Rahul Uasti
Geniemode gets $28 million in funding from Tiger Global and others
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Geniemode, a cross-border technology platform for lifestyle goods, has raised $28 million in a funding round led by Tiger Global. The company will use the funds to deepen its penetration into key international markets. The statement added that current investor Info Edge Ventures participated in the round.
Ayu Health raises $27 million in funding led by The Fundamentum Partnership
Ayu Health Hospitals has raised $27 million in a funding round led by the Fundamentum Partnership. The startup will use the funds to expand its hospital network and invest in technology. The funding round saw the participation of 57 Stars, Capier Investments and angel investors including Ashish Gupta, Khadim Batti and Vara Kumar.
Mylo raises $17 million in funding led by W Health Ventures, ITC and Endiya Partners
Mylo, a platform for new moms and new moms, has announced a $17 million funding round led by W Health Ventures, a US-based digital health investor, ITC and Endiya Partners. Other investors that took part in the round included Riverwalk Holdings, Alteria Capital and Innofin Capital. With this, the company said, Mylo has raised $24 million so far.
Other Notable Deals
The Nonfungible token (NFT) programming layer Revise has raised $3.5 million in a funding round led by AlphaWave Global and 8i Ventures.
■ Convin.ai, an AI-driven virtual-assisted selling platform for businesses, has raised $2.1 million (Rs.16 crore) in a seed funding round led by Kalaari Capital.
■ Agritech’s Poshn platform has raised $3.8 million (Rs. 28.8 crore) in a funding round led by Prime Venture Partners, with participation by Zephyr Peacock.
■ Sateeq, an investment platform that said it had collected an undisclosed angel round from a group of founders and angel investors.
Artificial intelligence consultancy Navikenz has raised $4 million in funding led by notable investors including Sudip Nandy and others.
