India Digest: Immortal Game, Binocs bag funding; Homelane to raise pre-IPO funds

Thomas Zaepffel-Cofounder and CEO_David Cingala-Cofounder and CTO _Geoffroy Mestrallet-Cofounder

Immortal Game has raised a $12-million Series A round while Binocs is raising a $4-million seed round. Separately, Homelane is reportedly looking to raise $80-100 million from private equity investors.

Immortal Game raises $12m

Immortal Game, a company launching a Web3 chess platform and marketplace, said it has raised a $12-million Series A round led by TCG crypto. The round also saw participation from VCs including Cassius, Greenfield One, Sparkle Ventures Kevin Durant and Rich Kleiman’s 35V, Blockwall, Kraken Ventures and Spice Capital.

Earlier this year, the company had raised $3.5 million in seed funding co-led by Cassius and Greenfield One, which was also backed by GFC, Kraken Ventures, Moonfire, Kima Ventures, Blockwall and BlackPool DAO.

Immortal Game will use the funding to accelerate the momentum of its product as well as expand into key markets, including India, the US and Europe, it said in a statement.

Binocs raises $4m seed capital

Binocs, the crypto taxation and Web3 portfolio tracking platform, said it is raising $4 million in its seed round led by BEENEXT, along with Arkam Ventures, Accel, Saison Capital, Premji Invest, Blume Ventures and Better Capital.

Binocs, which is launching its platform in the US, UK, South Africa and Australia, will utilise the funds to expand its product, engineering, growth and marketing teams, the company said in a statement.

Homelane to raise pre-IPO funds

Homelane, an interiors solutions provider, is looking to raise $80-100 million (Rs 640-800 crore) from private equity investors, VCCircle reported on Thursday.

The fresh capital will be raised through a mix of primary and secondary stake sales, and it will value Homelane at $600-700 million, the report said.

The report comes just months after a failed attempt at a merger with sleep solutions company Wakefit.

Last year, Homelane raised $50 million as part of its Series E funding round led by IIFL AMC’s late-stage tech fund, Oman India Joint Investment Fund (OIJIF) and Stride Ventures.

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