<article>Housing finance company Altum Credo, medicinal herbs subpplier Carmel Organics, and technology firms Arteria Technologies and Synctag have received fresh rounds of funding.</article>

Housing finance company Altum Credo, medicinal herbs subpplier Carmel Organics, and technology firms Arteria Technologies and Synctag have received fresh rounds of funding.
<h3>Altum Credo gets $10m commitment from Aavishkaar Ventures</h3>
Housing finance company Altum Credo has received a commitment of Rs 64 crore (around $10 million) from impact investor <a href="http://dealstreetasia.com/tag/aavishkaar-ventures" target="_blank" rel="noopener">Aavishkaar Ventures</a> and a group of high-networth individuals, said a source-based <a href="https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/altum-credo-to-expand-loan-book-with-rs-64-crore-funding/articleshow/63575062.cms" target="_blank" rel="noopener">report</a> in The Economic Times.
According to the news report, PS Pai, former executive chairman of Murugappa Group is said to have participated in the latest round.
&#8220;The startup has all the approvals in place, including that from National Housing Bank and the funds are expected to be received by end of this month,&#8221; said one of the sources quoted in the report.
Altum Credo received the license to operate from National Housing Bank in June last year and with this latest funding the company plans to expand its current loan book and expand operations to states across India.
&#8220;With its current branch network of 15 branches the startup is setting up its branches across Karnataka, Maharastra and Tamil Nadu and hopes to set up its Southern headquarter in Bengaluru. Besides, they will be expanding operations to Gujarat, MP, Telangana and AP,&#8221; said the source.
<h3>Ankur Capital backs medicinal herbs supplier Carmel Organics</h3>
Medicinal herbs supplier, Carmel Organics, has raised an undisclosed amount from agritech-focused venture capital firm <a href="http://dealstreetasia.com/tag/ankur-capital" target="_blank" rel="noopener">Ankur Capital</a>.
According to an official statement the Indore-based company plans to use the funds raised to scale-up its business, with special focus on targeted global markets.
Founded in 2012, Carmel has developed an integrated supply chain to deliver traceable, organic, functional herbs globally. The company claims to work directly with over 1,500 farmers, educating and training them on practices that will yield produce that meet the quality requirements for certified organic produce across major global markets.
Earlier this year, Ankur Capital had also made a fresh investment of $500,000 in another agritech startup, Agricx Lab. With this latest funding, Ankur Capital’s AgriTech portfolio increases to eight companies.
<h3>ICICI picks up stake in Arteria Tech for $1.3m</h3>
The country&#8217;s largest private sector lender <a href="http://dealstreetasia.com/tag/ICICI" target="_blank" rel="noopener">ICICI Bank</a> is investing Rs 8.68 crore ($1.3 million) in cash to pick up around 20 per cent stake in Bengaluru-based Arteria Technologies Pvt. Ltd.
According to a filing to the stock exchanges, ICICI Bank along with ICICI Investment Management Co. Ltd will invest an equal amount to acquire 9.99 per cent stake each in Arteria Technologies.
The transaction is likely to be completed by end-June.
&#8220;The object of this investment is to promote digital payments and access to digital financing,&#8221; ICICI Bank said.
Arteria, which was set up in 2007, develops products and solution extensions to work on SAP technology platform. It also provides payment integration services to companies and banks.
<h3>Tech firm Synctag raises Series A round from Subhkam Ventures</h3>
Artificial intelligence analytics startup Synctag, an undisclosed amount of funding for its its Series-A funding from private equity firm Subhkam Ventures, as per <a href="https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/ai-analytics-startup-synctag-raises-series-a-funds/articleshow/63575426.cms" target="_blank" rel="noopener">a report</a> in The Economic Times.
This marks the fourth round of external funding for Synctag, which manages social, email, content and other media for clients. It had earlier raised two seed rounds in 2015 and a third in 2016 at a valuation of Rs 35 crore, said the news report.
The tech firm plans to use this latest funding for expansion into foreign markets including New Zealand, Australia, Ireland and UK.
Also Read:
<a style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/india-dealbook-208-92757/" target="_blank" rel="noopener">Ankur Capital invests $500k in Agricx</a>
<a style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/india-dealbook-201-91799/" target="_blank" rel="noopener">ICICI picks up minority stake in fintech startup Tapits</a>

Housing finance company Altum Credo, medicinal herbs subpplier Carmel Organics, and technology firms Arteria Technologies and Synctag have received fresh rounds of funding.

India Dealbook: Altum Credo, Carmel Organics, Arteria Tech & Synctag raise funds

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