A look at this weeks startup deals: Stashfin, Uravu, Sorted, Sukino, ZingHR, Adept were in news
Fintech firm Stashfin, deeptech startup Uravu, fresh fruits and vegetables company Sorted, healthcare startup Sukino, and many other startups have raised funding this week.
Startup space remained action-packed this week with a slew of firms raising funds while a few others starting potential acquisitions and merger talks amid the ongoing banking crisis in the US and the Federal Reserve raising interest rates by a quarter point. ZeeBiz.com has curated a list of top deals this week featuring Stashfin, Uravu, Sorted, Sukino, ZingHR, Adept, among others.
Stashfin raises $100 million debt
Stashfin, a fintech firm, has received $100 million in debt from InnoVen Capital and Trifecta Capital, according to a statement. A host of domestic lenders also participated in the round, the company said without disclosing the names of the investors.
Deeptech startup Uravu gets $2.3 million funding from JITO, others
Uravu Labs, a Bangalore-based deeptech startup, has received funding of $2.3 million in a seed round from JITO Angel Network, Anicut Capital, Speciale Invest, and Rocketship.vc. Other investors like Vesta, Spectrum Impact, ZNL Growth Fund, VERSO, Echo River Capital and individual investors also took part in the round, the company said on Friday, 24 March 2023.
Fresh fruits and vegetables startup Sorted raises $5M from Beenext, NB Ventures, others
Fresh fruits and vegetables startup Sorted which is founded by former Milkbasket co-founder Anant Goel, has raised $5 million in its ongoing seed round. Other investors like Beenext, White Venture Capital, and NB Ventures also participated in the round, according to an article in the Economic Times citing the company's documents filed with the ministry of corporate affairs (MCA).
Stakeboat Capital invests Rs 50 crore in healthcare startup Sukino
Bangalore-headquartered healthcare startup Sukino Healthcare Solutions has secured Rs 50 crore in a Series A round of funding from Stakeboat Capital, an independent growth equity firm, according to a statement.
Mumbai-based ZingHR invests in Silicon Valley startup LokiBots
Mumbai-based HR management solutions providing firm ZingHR has invested an undisclosed amount in LokiBots, a cloud-native and intelligent automation startup based in Silicon Valley, California for an undisclosed stake.
AI firm Adept gets $350 million in Series B round from General Catalyst, Spark Capital, others
Adept, an artificial intelligence (AI) startup, has raised $350 million as a part of its Series B round of funding from General Catalyst and co-led by Spark Capital, according to a statement. Companies like Addition, Greylock, Atlassian Ventures, Microsoft, NVIDIA, Workday Ventures, Caterina Fake, Frontiers Capital, PSP Growth, and SV Angel also took part in the fresh funding round.
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