HungerBox To Expand To Southeast Asia After Funding From Paytm, Others

Bengaluru-based B2B foodtech startup HungerBox, on Tuesday (December 17), announced that it has raised USD 12 Mn from Paytm and other investors. The round also included NPTK, Sabre Partners Trust and Neoplux. With this, the company has raised total funding of USD 16.5 Mn to date.

Source: INC42



Bezos-Backed Fusion Startup Raises USD 100 Million For Demo System

A nuclear fusion startup backed by billionaire Jeff Bezos raised more than USD 100 million to help design and build a demonstration power plant. The company lined up USD 65 million in Series E financing led by Singapore’s Temasek Holdings Pte, and is getting another USD 38 million from Canada’s Strategic Innovation Fund, General Fusion Inc. said in a statement Monday. It’s now attracted more than USD 200 million in financing.



Fashion and Lifestyle

Online Clothing Brand Henry & Smith Raises USD 1M In Seed Funding

Online clothing brand Henry & Smith has raised USD 1 Million as a part of its seed round, led by WEH Ventures and Rukam Capital. The round also saw participation from angel investment platform LetsVenture.




Japanese Multinational Bank SMBC Acquires 5.4 Pc Equity In Northern Arc Capital

Northern Arc Capital (formerly known as IFMR Capital Finance Limited), a Chennai-based debt capital platform catering to the under-banked individuals and businesses in India, has raised equity funding from Japanese multinational bank Sumitomo Mitsui Banking Corporation (SMBC), which has acquired a 5.4 percent equity in the company.




Houston Startup Riversand Secures Additional USD 10M Investment From Crestline Investors

Houston-based startup Riversand, owned by two Indian-Americans, has secured an additional investment of USD 10 Million from Crestline Investors to continue its product innovation as a technology leader in the space and fund growth initiatives.



Insurance Tech

Thai Insurtech Startup Sunday Nets USD 11m From Quona Capital, Vertex

Thailand-based full-stack insurtech startup Sunday announced it has secured USD 11 Million in a series A2 funding round led by fintech venture firm Quona Capital, with participation from existing investor Vertex Ventures Southeast Asia and India.