Enterprise Tech

Sequoia Surge Startup Seekify Raises Seed Round

Delhi-NCR and Singapore-based enterprisetech platform Seekify, on Wednesday (December 18), announced that it has raised USD 1.5 Mn in seed funding led by Sequoia Capital’s Surge. The funding round included other angel investors like Nishant Rao, the founding partner of Sequoia Capital’s Surge, Gaurav Agarwal, cofounder of 1mg and Sameer Maheshwari, cofounder of HealthKart.

Source: INC42

 

EdTech

Reliance-Owned Embibe Acquires Edtech Rival Funtoot

Mukesh Ambani-led Reliance Industries Limited’s (RIL) subsidiary Embibe has acquired 90.5% stake in Bengaluru-based edtech startup Funtoot for a cash consideration of INR 71.64 Cr.

Source: INC42

 

Insurance Tech

Toffee Insurance Raises USD 5.5 Mn Series A Round

Gurugram-based insurtech startup Toffee Insurance, on Wednesday (December 17), announced that it has raised USD 5.5 Mn in a Series A funding round led by IVM Intersurer, Omidyar Network, Flourish Ventures, Accion Venture Lab and Kalaari Capital.

Source: INC42

 

AgriTech

Omnivore, Sequoia’s Surge And Others Invest USD 2.5 Mn In Agritech Startup Bijak

Gurugram-based B2B agritech platform Bijak has raised approximately USD 2.5 Mn in a seed round from investment firms Omnivore and Omidyar Network India, and Sequoia Capital India’s accelerator programme Surge. This will be Sequoia Surge’s and Omidyar Network’s first investment in an agritech startup.

Source: INC42

 

SaaS

Sequoia Capital Close To Investing In SaaS Startup Whatfix

Venture capital firm Sequoia Capital is reportedly in talks with Bengaluru-based enterprise tech startup Whatfix to invest up to USD 30 Mn in a funding round, joined by the company’s existing investors.

Source: INC42

 

Supply Chain

Zilingo Acquires Sri Lankan Firm nCinga For USD 15.5 Million

Singapore-based fashion supply chain enabler Zilingo has acquired Sri Lanka-based software company nCinga Innovations for USD 15.5 million in a cash and stock deal.

Source: ECONOMICTIMES