Tiger Global backs Money View, nothing gets $70m, Jiffy.Ai gets $53m, and Ethsign catches Sequoia Capital’s eye

Here is the list of the best boot space offers.

Tiger Global Backs Lending Platform Money View in $75M Series D Funding

Money View, the Bengaluru-based lending fintech, raised $75m in a Series D funding round, taking the company’s valuation to $625m, as fintech players continue to attract investor interest amid the rapid digitalization of financial services.

Tiger Global, Winter Capital, Evolvence India, Accel as well as other investors including South Park Commons, Trusted Insight and Dream Incubator participated in the round, the company said.

Founded in 2014 by IIT Delhi alumni Puneet Agarwal and Sanjay Aggarwal, the company offers personalized credit products such as instant personal loans, cards, BNPL and personal financial management solutions and has partnered with more than 15 financial institutions to offer credit/financial products on its platform.

The new funding will be used as growth capital to grow the core credit business, grow the team and expand its product portfolio with services such as digital bank accounts, insurance and wealth management solutions, a the company said in a statement.

Nothing Blocks $70M Series B Funding, Co-Led by EQT Ventures and C Ventures

British consumer technology company Nothing has raised $70m in its Series B funding round, co-led by EQT Ventures and C Ventures with participation from GV, Tony Fadell’s Future Shape, Gaorong Capital and Animoca Brands.

The new investment brings Nothing’s total raised to date to $144 million. New capital will be used to create new product categories in partnership with Qualcomm Technologies and its Snapdragon platform, and to expand the operations of its new London Design Hub, led by former Dyson design chief Adam Bates.

“With this round of funding, we have the fuel to realize the next phase of our vision of a seamless digital future,” said Carl Pei, CEO and co-founder of Nothing.

Nothing claims to have shipped more than 400,000 units of its first product – a pair of carbon-neutral wireless headphones named ear(1) – since its launch last August.

JIFFY.ai Raises $53M in Series B Funding

JIFFY.ai, an app-based low-code/no-code intelligent automation platform, raised $53 million in its Series B funding round led by the backed venture capital firm by Fidelity – Eight Roads Ventures.

Iron Pillar and R-Squared also participated in this round alongside existing investors Nexus Venture Partners, Reaction Capital and Rebright Partners.

“This funding will advance our mission to help build the autonomous businesses of the future by applying artificial intelligence and automation to transform business operations,” said Babu Sivadasan, co-founder and CEO of JIFFY. have.

JIFFY.ai’s HyperApps (as-a-service) consist of pre-packaged automation applications that can be extended enterprise-wide to accelerate end-to-end automation.

The platform combines robotic process automation (RPA), intelligent document processing, no-code workflow management, and software authoring.

EthSign raises $12M from Sequoia Capital, Mirana Ventures and others

EthSign, a Web3 Agreement Signing and Execution Platform, Secures $12M in Seed Funding from a Group of Investors, Including Sequoia Capital’s Three Offices – US, China and India.

The round also saw participation from Mirana Ventures, Amber Group, Hack VC, and Circle Ventures, among others, in addition to angel investors including Balaji Srinivasan (former CTO of Coinbase) and Sandeep Nailwal (co-founder of Polygon).

EthSign is an electronic signature platform that uses blockchain technology to offer a decentralized, customizable and transparent version of the traditional signature service.

Thanks to its Web3 technology (decentralized identity, smart contract platforms and decentralized storage networks), the platform allows users to comment, edit and access each version of an electronic agreement securely.

“EthSign unlocks the full potential of smart contracts by enabling organizations and individuals to adopt and integrate them seamlessly into their daily workflows and business scenarios. We believe it can become the de facto platform for multi-stakeholder collaboration and consensus on Web2.0 and Web3.0,” said Rohit Agarwal, Director, Sequoia Capital India.

Launched in June 2021, EthSign claims to have garnered over 13,000 signatures.

Thrasio-backer Benevolent Capital leads investment in Wellcurve

Wellcurve, an integrated e-commerce platform that curates brands, products and information dedicated to a healthier lifestyle, has raised an undisclosed amount in seed funding led by Benevolent Capital – one of the leading investors of Thrasio.

The round also saw the participation of angel investor Tommy Rosen, an investor in Thrive Market – a US-based e-commerce platform for organic foods.

Founded by Nikhil Mehra in 2019, New Delhi-based Wellcurve is a health and nutrition e-commerce platform with over 1,500 curated product varieties. It plans to use the new funds to expand its network of health experts on the platform and augment technology to further personalize the user experience.

Wellcurve integrates content and commerce, allowing users to discover information, shop for healthier food alternatives, find healthy recipes, and engage with health experts, nutritionists, fitness enthusiasts, and chefs home.

The platform claims to have seen 500% growth in the past 12 months with an annual recurring gross merchandise value of Rs 17 crore.

Along with launching its in-house brand, the startup also aims to add 50 new D2C health and nutrition brands online in the next 3-6 months.

India Accelerator leads pre-seed funding for Dreams Redeveloped

Pune-based Dreams Redeveloped has raised an undisclosed amount in a pre-seed funding round led by Indian Accelerator.

Founded by S Lakshminarayanan and Harish Menon, Dreams Redeveloped is a platform that aims to help seniors navigate the complex process of redevelopment.

“We held India’s first redevelopment expo in December and the enthusiasm with which owners and developers participated gave us a good boost and validated the whole approach of the platform,” said S Lakshminarayanan, Founder, Revamped dreams.

The startup wants to use the new capital to build and further expand the AI-enabled platform that connects the entire redevelopment ecosystem.

“We believe in the platform’s approach to an unexplored area like redevelopment, which would be a huge untapped market in big cities. Also, after interacting with the founders, we believe their practical knowledge will be useful for create a national redevelopment platform,” said Mona Singh, co-founder of Indian Accelerator.

HooLiv raises growth capital by trading subscriptions on Recur Club

HooLiv, a New Delhi-based co-living startup, is raising non-dilutive growth capital by trading subscriptions on Recur Club – a subscription-based finance platform. This is its second funding round after already raising a funding round in early 2020.

Startups operating in co-living have been directly impacted by the pandemic. Not only were investors skeptical, but valuations were also falling.

“With the funding environment improving significantly now and with the scale we have been able to achieve by funding through the Recur Club, we have a much better chance of raising the next round to a much better valuation,” said said Chinmoy Mishra, HooLiv.

“Non-dilutive capital and/or alternative funding platforms such as Recur Club are a great way to inject growth capital without having to worry about dilutions and valuations,” he added.

Recur Club helps businesses sell their recurring revenue streams as a tradable asset class. The trading platform directly connects organizations with institutional investors to exchange their subscriptions for initial capital.

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