Investment Summaries: Osome secures additional funds in Series B round, Kasagi Labo raises funds prior to Series A, Husk obtains USD 5 million from Mekong Capital, and more developments
In the world of startups, the past few weeks have been marked by a flurry of funding activities across various sectors. Here's a rundown of some of the notable investments that have taken place recently.
Tech and Edtech
- InstaAstro, a Noida-based astrology services platform, has secured USD 2.3 million in a pre-Series A funding round.
- Wefaa Robotics, a Singapore-based edtech startup, has raised an undisclosed amount in seed funding, co-led by Zelos Megatrends Fund and SUTD Venture Holdings.
- Osome, a bookkeeping and accounting platform, secured USD 17 million in a Series B extension, adding to a total of USD 42 million in its Series B funding.
- Kasagi Labo, an anime-focused venture studio, raised USD 12 million in a pre-Series A funding round.
Healthcare
- Red Health, an Indian medical response platform, raised USD 20 million in a Series B funding round.
Energy and Sustainability
- SolarSquare, a Mumbai-based rooftop solar startup, has secured USD 4.2 million in funding.
- Husk, a biochar and biofertilizer producer, secured a USD 5 million investment from Mekong Capital.
- Yipu New Energy Technology, a Shanghai-based green energy solutions provider, has secured RMB 10 million in a Series A funding round from Intelligence Capital.
Automotive and Manufacturing
- GMT Automation Technology, a Huzhou-based company offering products and solutions for the automotive industry, has raised over RMB 400 million in a Series B funding round.
- Matel, a Pune-based producer of electric vehicle components, has raised USD 4 million in a Series A funding round.
Agriculture
- Liangbaba, a B2B e-commerce platform for agricultural products, has secured over RMB 100 million in a Series A funding round from two funds managed by Zhaoken Capital.
- Gramophone, a Gurugram-based omnichannel supplier of agricultural inputs, has secured a USD 1.8 million investment.
Fintech
- Orbo, a Mumbai-based enterprise tech startup, has sold its fintech-centered AI platform, SuperScan, to Niyogin Fintech for an undisclosed sum.
- Battery Smart, a Gurugram-based battery swapping company, has raised USD 45 million in a funding round.
Food and Beverage
- Husk aims to use the investment to set up a new production facility in Vietnam, targeting rice and coffee. The company aims to offer at least ten effective products catering to various crops by 2030.
Sports
- Stupa Sports Analytics, a Gurugram-based sports tech company, secured INR 280 million (USD 3.4 million) in a pre-series A funding round.
The investments will be used by these startups to enhance their capabilities, establish strategic partnerships, and grow their customer base, with a view to bringing their products and services to more markets in the coming year.
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