BII has currently invested in startups like Licious, Lendingkart, and Agrostar, a mobile platform for farmers.
The Varanium NexGen plans to invest ₹2-5 crore across 35-40 fintech startups at a seed or pre-series A stage.
Shubh Loans will use the funds to expand its customer sourcing platform, augment technology, and grow data science team and credit scoring platform.
The investment “aligns well with the ambitions of Tencent’s Cloud and Smart Industries Group,” said Ling Ge, chief European representative at Te
GGV will continue to invest in these regions but as valuations are skyrocketing, it will be selective.
Tencent, Altimeter Capital, Footpath Ventures, Hillhouse, GGV Capital, and Citi Ventures backed the round.
Blockchain startup InstaDApp, and MEngage Technologies are among the latest startups to have raised funding.
CareStack plans to use the funds for automation, and to expand in firms which have dental practices in multiple locations.
With the latest round of funding, NoBroker.com has raised $121 million so far.
Proceeds will be used to finance the clinical trials and commercialization of its CAR-T technologies.
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