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Wealthtech startup Stable Money has raised over Rs 123 crore nearly $15 million in a new round from RTP Capital, Lightspeed India, and Matrix Partner. The Bengaluru-based company has become one of the few startups to close two rounds within a year, especially during the so called funding winter. The board at Stable Money has passed a special resolution to issue 77,135 CCPS at price of Rs 16,019 each to raise Rs 123.56 crore or $14.74 million, its regulatory filing accessed from the Registrar of Companies (ROC) shows. 🚀 Join the startup revolution! Follow StartupTrak for the latest and hottest startup news, inspiring stories, and game-changing innovations! 💯❤️🔥 . . #StableMoney #Wealthtech #StartupFunding #RTPCapital #LightspeedIndia #MatrixPartners #FundingSuccess #Investment #BengaluruStartups #Fintech #FundingWinter #TechNews #BusinessGrowth #StartupSuccess #RegulatoryFiling #StartupNews #StartupTrak

ETtech In-depth: Zerodha's Rainmatter gets into heart of investing via road not taken Unlike many other successful founders, Nithin Kamath started his investment journey pretty early in his career. Rainmatter, Zerodha's own fund for early-stage startups, was born back in 2016. Today, it has a corpus of around Rs 1,400 crore, with Rs 1,000 crore of commitment and Rs 400 crore deployed already in more than 80 startups. Kamath started his investment journey mostly through angel investments in founders he liked and problem statements that excited him. From 2016, after the formation of Rainmatter, the investments started getting formalised and routed through the fund. It started with investing in fintechs, mostly wealth-focused startups, but now has expanded into sectors like health and climate. Read more at: https://lnkd.in/dQWp5Nit By Pratik Bhakta

#AllStageFunding by We Founder Circle : Seed to VC cheques : Apply Now We are all set to invest $100K to 500K each in 100 startups. This has been made possible because of our unique all stage investing ecosystem, with our three funds 1. WFC #India Angel Fund : for Indian investors to invest in Indian startups 2. WFC Invstt #Global Crossborder Angel Fund: for Crossborder investments. Indian founders can raise from global investors and Indian investors can invest globally 3. Avinya Ventures VC fund : from seed to growth stage funding All these funds are sector agnostic, early stage focused. We have successfully build a high growth startup portfolio including some category winners like BluSmart, Zypp Electric, Stage, Hesa, Pixxel, PierSight, Garuda, PeeSafe, Anveshan, Cusmat, Oben Electric, Kazam, GrowIt and 100s other. If you are building something exciting and are looking for smart capital then please reach out to us at Invstt (for seed to angel funding) create your startup profile on Invstt https://lnkd.in/gghXZry5 and fill this Google form https://lnkd.in/gC-xV-qz. For VC funding pitch@avinya.vc #LetsBuilditTogether

Venture Capital firm explores lucrative investment prospects in India's burgeoning startup ecosystem at an event supported by Narendra Modi. Focus on scalable companies in FinTech, Climate Tech, and EV charging. Optimistic about growth potential and innovation in the next 3-5 years. #VentureCapital #Investments #StartupEcosystem #NarendraModi #FinTech #ClimateTech #EVcharging #Innovation #IndiaGrowth #FutureInvestments Chandrakant Sheth Startup Mahakumbh Gethrude KII Major Sunil Shetty, SM(retd) My Startup TV My Startup Life! My Startup OTT Vamsi Prashanth Muthangi

Fisdom, a wealthtech startup based in Bengaluru, has appointed Girish Venkat as the head of its wealth management division. Girish Venkat takes up the responsibility from Anand Dalmia, the co-founder of Fisdom who previously managed this firm. Fisdom boasts a team of over 120 wealth managers stationed in 25 different locations, including 12 offices throughout India. To share your startup information write us on - startup@viestories.com Read more - https://lnkd.in/g9H5mQkm #appoint #startup #news #latestupdate #Fisdom #wealthmanagement

Fintech startup DPDzero has raised $3.25 million in its seed round led by Blume Ventures and IndiaQuotient. Sunil Gulati and Nikhil Kumar have also joined the round. Earlier in June 2022, the Bengaluru-based startup had raised Rs 3.9 crore in its pre-seed round led by Better Capital Corp. New funds will be used to enhance product distribution, expedite product development, and assemble a high-caliber team to achieve the company’s ambitious objectives. DPDzero solves problems across all stages of lending and has developed unique behavioral models to predict and prevent defaults. In a span of 10 months, the firm claims to have witnessed 700% growth in revenue from its AI-powered collections and debt recovery platform. It has partnered with NBFCs like Tata Capital, KreditBee, CASHe, LazyPay and Snapmint. Founders: Ananth Shroff and Ranjith B.R. Follow Rise & Shine for daily startup updates. Read our daily 2-minute newsletter - www.riseshine.in #startup #lending #fintech #finance #startupindia #venturecapital

🚀 Exciting News Alert! 🚀 Moove Raises $10 million in Debt Funding! 🌟📈 #Moove #Fintech #Startup #DebtFunding #MobilitySolutions #Expansion #India Mobility fintech startup Moove has sealed a game-changing $10 million deal with Stride Ventures, signaling a significant milestone as it secures its first external debt funding in India. This development positions Moove for dynamic growth and expansion, marking a pivotal moment in the company's journey. Founded in 2020 by Ladi Delano and Jide Odunsi, Moove has set its sights on revolutionizing global mobility. With plans to fortify its presence throughout India, the company aims to expand geographically and elevate its fleet to satisfy the escalating demand for innovative mobility solutions. At its core, Moove leverages alternative credit-scoring technology to offer financial services within ride-hailing platforms, striving to reshape the way the world experiences and accesses transportation. Stay tuned for more updates as Moove paves the way for a new era in mobility solutions! 🌍✨ #FutureOfMobility #FinancialInclusion #InnovativeTech #IndiaExpansion

💰𝐈𝐧𝐝𝐢𝐚𝐧 𝐬𝐭𝐚𝐫𝐭𝐮𝐩𝐬 𝐫𝐚𝐢𝐬𝐞𝐝 𝐚 𝐰𝐡𝐨𝐩𝐩𝐢𝐧𝐠 $𝟒𝟏𝟑 𝐌𝐧 𝐭𝐡𝐫𝐨𝐮𝐠𝐡 𝟐𝟏 𝐝𝐞𝐚𝐥𝐬 𝐭𝐡𝐢𝐬 𝐰𝐞𝐞𝐤💰 🔸️This week emerged as a significant 61% increase over the $257 Mn secured in 18 deals the previous week.📈 🔸️Benguluru based fintech Saas startup Perfios raised $229 Mn from Kedaara Capital marking itself as the biggest funding this week💸 🔸️Fintech emerged as the most funded sector this week 📨 🔸️Kedaara Capital emerged as the most active investor this week🤌 🔸️Enterprisetech seems to be gearing up itself in this race securing $85.6 MN across 5 deals 🌐 🔸️LeadsConnect Services Pvt. Ltd. raised $60Mn making Agrietch the 3rd most funded sector this week ♻️ What a relief for Indian stratup ecosystem amidst winter funding 🤝 -----‐------------------------------------- ✅️Share your thoughts below💬 ✅️Repost if you found it insightful💡 ✅️Follow and stay tuned for more finance content🔔 #investmentbanking #venturecapital #familyoffice #privateequity #fintech #Enterprisetech #Agritech #funding #founders #startups

❗2023 will undoubtely be remembered as the year of startup shutdowns! With investors tightening their purse strings, based on their re-evaluation of their investment strategies, the massive impact of capital crunch could be seen across industries in the Indian Startup Ecosystem. Belora Cosmetics, DUX Education, Fipola and Tiki are some of the Indian startups that had to cease operations in 2023, due to their inability to find investors to tide over the capital drought. Many could not survive despite having raised millions, from renowned investors, in the past. ❓ So, what can you, as a startup Founder, do to avoid a similar fate? 💡 For one, 𝐥𝐨𝐨𝐤 𝐚𝐭 𝐍𝐨𝐧 𝐃𝐢𝐥𝐮𝐭𝐢𝐯𝐞 𝐅𝐮𝐧𝐝𝐢𝐧𝐠 𝐚𝐬 𝐲𝐨𝐮𝐫 𝐬𝐚𝐯𝐢𝐨𝐮𝐫 𝐭𝐨 𝐡𝐞𝐥𝐩 𝐲𝐨𝐮 𝐬𝐭𝐚𝐲 𝐚𝐟𝐥𝐨𝐚𝐭, during these challenging times. DM me to find out how you can secure NDF to optimise your capital structure and preserve equity for future funding rounds. #startup #growth #funding

📢 "Fintech startup FinAGG raises $11 million in funding from Tata Capital, BlueOrchard" 🔔 FINAGG Technologies Private Limited Nipun Kohli Srinivasan R Fintech startup FinAGG Technologies has secured $11 million in a Series A funding round led by BlueOrchard and Tata Capital. 💲💰 The round also included participation from SIDBI and Prime Venture Partner. 🤝 As a loan agent partner of OCEN, the company has raised an additional million dollars by buying out shares of early employees. 💵📶 FinAGG, with 150 employees, previously raised capital in seed funding rounds in 2020 and 2022. 👔💼 The company aims to be a key partner for FMCG, consumer electronics, and building materials companies, contributing to the economic empowerment of Indian MSMEs.🚀✨ Source: https://lnkd.in/genWAdEy Share Your Startup Story: https://lnkd.in/ggir3Qap #scoopearth #finance #fintech #startup #entrepeneur #business #funding