Bengaluru-based online tutoring startup Vedantu has raised USD 42 Mn in a fresh funding round led by New York-based Tiger Global Management and WestBridge Capital. Existing investors Accel, Omidyar India and TAL Education also participated in the round, along with Prince Maximilian of Liechtenstein.
LenDenClub Raises $1 Mn Pre-Series A Funding Led By Artha Venture Fund
Mumbai-based peer-to-peer lending platform LenDenClub on Thursday announced that it has raised USD 1 Mn in a Pre-Series A funding round. The investment was led by Artha Venture Fund with participation from family offices such as UAE-based Transworld Group. Also, marquee angel investors Shuchi Kothari, Ramakant Sharma, Narendra Karnavat, Nandi Mehta as well as existing investors also participated in the current round.
Healthtech Startup Innovcare Lifesciences Raises $6.4 Mn From JM Financial
Mumbai-based healthtech company Innovcare Lifesciences has raised about USD 6.4 Mn (INR 450 Mn) from JM Financial Private Equity Fund II. The existing investors in the company also participated in the round.
Shell invests $7.7 mn in biomass firm Punjab Renewable
Shell India, the local arm of the Netherlands-based Royal Dutch Shell Plc, has made an equity investment of INR 55 crore (USD 7.7 million at current exchange rate) in biomass company Punjab Renewable Energy Systems Pvt. Ltd.