Funding Rundown: Uniphore bags $400 mn, valued at $2.5 bn, Jeff Bezos invests $80 mn in Lummo, Join Ventures raises $10 mn & Proactive For Her secures $5.5 mn - CNBC TV18
Summary
We hope to accelerate their business growth and maximize operational efficiency using our SaaS model, said Krishnan Menon, CEO and Founder of Lummo.Backing of this scale underlines our belief that Indonesia and Southeast Asia are emerging as the next great destinations for tech investment, Menon added.House of brand Join Ventures has secured $10 million in a Series A funding round from DSG Consumer Partners, Rajiv Dadlani Group, 9Unicorns and Venture Catalysts.The startup which houses brands such as IGP, Interflora, and Masqa, intends to use the funds raised to ensure consumer delight by expanding its captive dark stores network, tech advancements at the product level, and logistics improvements thus driving growth and scaling up the celebrations ecosystem.1908 eventures, the company that runs the curated clean beauty platform, Sublime Life, has raised nearly $2 million in a funding round led by Roots Ventures. It had earlier acquired home care brand Santic.Insurtech startup HealthySure has raised $1.2 million in a pre-Series A round led by Inflection Point Ventures.The round also saw participation from We Founder Circle, Dexter Angels, Campus Fund, HEM Angels and other private investors.The funds will be used to further fuel its mission of offering innovative and affordable group health insurance led solutions to the Indian workforce and their families, the firm said.The startup claims to be working with 70+ organizations and is covering 20,000+ people under its healthcare solutions. It is now planning to scale up to 50-member team over the next 6 months and cover 1,50,000 individuals in the next 12 months with comprehensive health security and management.Onest Limited, the maker of personal care, home care, and over-the-counter (OTC) goods, has secured Rs 10 crore in a Series A round of funding from global and local investors at a pre-money valuation of Rs 100 crore.Onest sells a variety of goods under the brand names Florona, Hunk, Brio, and Freshia and is present in around 60 countries.The firm will use the fresh capital to expand to newer markets and abroad and to scale its operations. It has also invested in startups like Byjus, Swiggy, Infra.Market, Eruditus, Pharmeasy, Shiprocket, Elasticrun, Oyo Rooms, Dailyhunt, CureFit, XpressBees and others.The company had also recently announced its plans to bolster its logistic infrastructure through warehouse expansions with a vision of 1 million square feet by 2024 to support 120+ new dark stores across India.Vernacular learning platform Entri.app has raised $7 million in Series A round of investment led by Omidyar Network India with participation from Boston-based Innospark Ventures and Integrated Capital, a Hong Kong-based private equity.Leading angel investors Gokul Rajaram, a board member of Pinterest and Coinbase, and Sriram Krishnan, a partner at Andreessen Horowitz (A16Z), a venture capital firm in Silicon Valley, also participated in the round among others.This round of funding follows the companys $3.1 million seed round and brings the total capital raised to $10.1 million.The funds raised in this round will be utilised for content development across existing and new languages, senior-level hirings, and strategic acquisitions that will accelerate Entris growth, it said in a statement.Proactive For Her, a digital clinic for womens outpatient healthcare, has raised $5.5 million in Series A funding led by Vertex Ventures and existing investor Nexus Venture Partners.The funds will be used to expand digital product offerings, grow their online customer base, and launch their flagship clinic in Bengaluru, the startup said.The stigma attached to womens menstrual, sexual and reproductive health issues, coupled with lack of access to non-judgemental support, have long prevented many women from addressing their healthcare needs. It enables financial institutions like Kotak Mahindra Bank, Axis Bank and others.Having established a foothold in India, Actyv.ai plans to scale and expand globally.Keeping these in mind, our immediate focus now will be to onboard globally, top-tier talent across R&D, Product Management & Engineering, Sales & Marketing/Business Development and Corporate Development across India (Multi-location), Singapore, London, Dubai and Eastern Europe, saidRaghunath Subramanian, Global CEO, Actyv.ai.Location intelligence startup DataSutram has received $2.07 million in a funding round led by Varanium Capital and Yatra Angel Network.The round also saw participation from DMI Finances Sparkle Fund, White Ventures, Seeders LLP, the notable angel investors from the banking and financial services domain, and existing investors: IIFL Fintech Fund and Indian Angel Network.The startup said it is looking to scale its operations beyond India to South-East Asia & the Middle East and further invest in new data sources.