Startup Funding: ETtech Deals Digest: Investors Continue to Caution

There was no major funding during the second week as venture capitalists continued to exercise caution amid an uncertain economic climate. However, a few startups have received modest amounts to ease the funding gloom. Here’s who raised this week:

Here is a list of all deals this week.

Innovation raised another $25 million from Panthera

Payment fintech Innoviti
raised $25 million from Singapore-based Panthera Growth Partners to close out their $45 million Series D round. Alumni Ventures, Patni Family Office and Bessemer Venture Partners also participated in the round. The company provides technological payment solutions and point-of-sale terminals for enterprises, offline merchants and small retailers in partnership with banks and digital payment providers. It will use the funds raised to expand its sales and acquisitions.

MarketWolf closed a $10 million round

Stock trading platform MarketWolf
raised $10 million in a funding round led by Jungle Ventures and Dream Capital. Existing investors such as 9Unicorns and Iseed also took part in the round. Founded in 2017 by Vishesh Dhingra and Thomas Joseph, MarketWolf aims to make trading simple and free of professional jargon for first-time investors. It has about 1.5 million users and plans to use the funds raised for marketing activities.

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Queubuster landed $8.16 million.

Mobile point of sale (PoS) launch, QueueBuster
collected about 8.16 million dollars in a new funding round led by Chiratae Ventures, Omidyar Network India and Flourish Ventures. Founded in 2016 by Varun Tangri, QueueBuster is a full-featured mobile PoS application provider that helps businesses manage billing, inventory, daily journal, and customer loyalty programs from a single application. Since January 2021, over 12 million invoices worth over Rs 1,000 crore have been registered.

AntWalk raises $7.5M from GSV Ventures

B2B Education Technology Platform AntWalk
raised $7.5 million from GSV Ventures, Y Combinator and Matrix Partners India. AntWalk is an e-learning company that helps organizations accelerate and transform their learning and development (L&D) model, paving the way for continuous learning for professionals. The startup will use the funds raised to strengthen its learning platform (LXP) through gamification, building a content pipeline, and expanding sales.

The Baker’s Dozen Raised $5 Million

Consumer-Driven Brand (D2C) The Baker’s Dozen
raised $5 million through debt and equity, led by Fireside Ventures. The startup, founded in 2013 by Sneh Jain and his wife Aditi Khanda, head baker at The Baker’s Dozen, makes sourdough bread, cakes, cookies and crackers in a factory near Ahmedabad. He claims to have increased sales 5 times to Rs 30 crore last year and plans to use the new capital to scale the business.

Another completed transactions:

■ Finvu AA, consent-based billing aggregator,
Raised $2.5 million in funding from Varanium Nexgen Fund, IIFL, DMI Sparkle Fund and others. The company is the first non-bank financial company (NBFC) account aggregator in India to receive an operating license from the Reserve.


■ Sports tech startup Hudle
raised $1 million (Rs 7.9 crore) in a funding round led by Inflection Point Ventures. Existing investors Survam Partners and Indian Angel Network also participated in the round.

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