According to the company’s latest regulatory filings, it has allotted 2,919 Series A CCPS shares at an issue price of Rs 6.57 lakh to raise the aforesaid amount, Entrackr reported. Tiger Global has invested $18.5 million in the round while Quiet Capital has contributed a little over $3 million.
Kutumb, operated by Primetrace Technologies, was a part of the fourth cohort of Sequoia’s accelerator programme Surge. It had raised Rs15.5 crore as part of the Surge programme in December last year.
Founded by Abhishek Kejriwal, Vipul Allawadhi, and Naveen Dewangan, Kutumb enables discovery of relevant communities, curated discovery of relevant content, discussions about issues in the community, connections with other community members, and security and moderation within community forums.
INDIA DEAL MONITOR
Here are prominent venture capital transactions in India from June 16-20, 2021.
|Startup||Headquarter||Investment Size (USD)||Investment Stage||Lead Investor(s)||Other Investor(s)||Industry||Verticals|
|Kutumb||Bengaluru||26 million||Series A||Tiger Global||Quiet Capital, Rocketship VC, Nirman Investments, AL Trust, Better Capital||Internet||Social Media|
|Vital||Gurugram||3 million||Pre-Series A||BLinC Invest||Venture Catalyst, Survam Partners||Insurance||Insuretech|
|Saarthi.ai||Bengaluru||-||Seed||Lead Angels Network||-||Software||AI and Machine Learning|
|RenewBuy||Gurugram||45 million||Series C||Apis Growth Fund II||Lok Capital, IIFL Wealth||Insurance||Insuretech|
|Wherehouse.io||Delhi||-||Seed||Better Capital||Java Capital, Titan Capital (Snapdeal founders), First Cheque, Upsparks||Logistics/Distribution||Ridesharing/Transport|
|Sense||California||16 million||Series C||Avataar Ventures||Accel, Google Ventures||Software||HR Tech|
|PharmEasy||Mumbai||20 million||Secondary||B Capital||-||Pharmaceuticals||E-commerce|
|BrowserStack||Mumbai||200 million||Series B||BOND||Insight Partners, existing investor Accel||Software||Infrastructure|
|Samaaro||Bengaluru||125,000||Angel||-||Richa Kar, Naman Gupta, Kedar Gavane, senior executives from Google, Swiggy, Flipkart, High Radius, and Adda52||Software||SaaS|
|Imagimake||Mumbai||594,594||Pre-Series A||Roha Investment Managers, Saumil Shah.||-||Consumer Products||E-commerce|
|Juicy Chemistry||Coimbatore||-||-||Spring Marketing Capital||-||Consumer Products||Beauty & Hygiene|
|Vianai Systems||California||140 million||Series B||SoftBank Vision Fund 2||-||Software||AI and Machine Learning|
|Contentstack||Mumbai||57.5 million||Series B||Insight Partners||Illuminate Ventures, GingerBread Capital, Georgian||Software||Sales & Marketing Software|