[Weekly funding roundup] Venture investments drop below $50M; Digit Insurance becomes 2021 s first unicorn
The total funding for the week stood at $45 million, much below the $612 million reported in the previous week. In fact, Digit Insurance became the first unicorn of 2021, valued at $1.9 billion.
0 claps
Share on
The total venture capital funding into Indian startups in the third week of January 2021 was below $50 million. However, it did not mask the flurry of developments during this week, largely centred around the unicorns.
The total funding for the week stood at $45 million, much below the $612 million reported in the previous week. In fact, the Indian startup ecosystem welcomed its first unicorn of the year Digit Insurance valued at $1.9 billion after its latest fundraise.
Karkhana.io logo
Karkhana.io raises USD1.5mn in seed round led by Vertex Ventures SEA and India to build its on-demand cloud manufacturing platform ANI | Updated: Jan 12, 2021 12:35 IST
Mumbai (Maharashtra) [India], January 12 (ANI/BusinessWire India): Karkhana.io, a B2B on-demand manufacturing platform, announced its seed round financing of USD 1.5 million led by Vertex Ventures Southeast Asia & India (Vertex Ventures SEA & India).
The company also saw participation from several industry leaders and angel investors. With this funding, Karkhana.io aims to fuel further growth and establish their technology platform to meet the burgeoning demand for custom manufacturing in India s manufacturing industry.
[Funding alert] Karkhana.io raises $1.5 million in seed round
Karkhana.io, a B2B on-demand manufacturing startup, aims to use this funding round to scale its business operations and expand market reach
0 claps
Share on
Karkhana.io, a B2B on-demand manufacturing platform has raised a seed round of $1.5 million led by Vertex Ventures Southeast Asia & India. It also saw participation from several angel investors.
This startup founded in 2018 aims to digitise and streamline manufacturing industry. It plans to use this funding round for growth initiatives and establish its technology platform to meet the demand for custom manufacturing.
Karkhana.io Founder and CEO Sonam Motwani
streetAsia s premium subscription service Unlock your competitive advantage in a rapidly evolving landscape. Our packages come with exclusive access to archive content, data, discount on summit tickets & more. Be a part of our growing community now. SUBSCRIBE NOW
Singapore Reporter/s
In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digi
Digital health app Speedoc raises S$6 7m in Series A round led by Vertex Ventures businesstimes.com.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstimes.com.sg Daily Mail and Mail on Sunday newspapers.