India Dealbook: BASIX Sub-K, NeuroLeap, Nukleus raise funding to expand ops

Photo: Reuters

BASIX Sub-K iTransactions has raised Rs 75 crore ($10.57 million) in its Series C funding round, while NeuroLeap raised an undisclosed sum from India’s leading business families. On the other hand, singer Sukhbir Singh invested in coworking space provider Nukleus.

Fintech firm BASIX Sub-K raises Series C 

Financial technology company BASIX Sub-K iTransactions Ltd has raised as much as Rs 75 crore ($10.57 million) from Denmark-based asset management firm Maj Invest, according to an announcement.

This marks the Series C funding round for the company.

The funds raised will be used by the company to facilitate its expansion plans across geographies and build its tech stack.

Having started its operations in 2010, BASIX Sub-K offers a slew of services such as loans, savings, and payments to over 3 million under-banked households, besides micro-enterprises across the country.

BASIX Sub-K raised its first external funding from Michael & Susan Dell Foundation in 2012. Last year, it raised Rs 35 crore from global impact investment firm Accion and Nordic Microfinance Initiative (NMI).

Indian business families invest in NeuroLeap 

Mumbai-headquartered Neuroleap has garnered funding from Rajashree Birla, chairperson, Aditya Birla Centre for Community Initiatives and Rural Development, and Sminu Jindal, MD, Jindal Saw, and founder chairperson, Svayam, according to a report by YourStory.

Established in 2017, NeuroLeap is a brain enhancement and mental health venture that uses advanced Brain-Computer Interface (BCI) technology to gauge brain activity, thereby helping it perform at optimum potential.

The startup caters to a diverse category of people across various age groups and works to improve brain functions such as attention, executive function, calmness, sleep, memory, and emotional health.

Singer Sukhbir Singh invests in coworking space provider 

Bollywood singer Sukhbir Singh is said to have invested in Noida-based co-working company Nukleus, according to a report on YourStory.

The deal size was not disclosed.

It is understood that Singh, going forward, will join the advisory board of the startup that was founded last year.

This is not Singh’s first investment. His other portfolio companies include Gurugram-based LQI, followed by Amritsar-based eBikeGo, Jaipur-based MEngage, and Goa-based Real Learning.

The funds raised will help the startup open over 10 coworking centres across the country.