Signzy, CropIn, Aye Finance raise funding; Cure.fit back in the acquisition game with Seraniti
Bengaluru-based fintech platform Signzy has raised Series A funding of $3.6 million led by Stellaris Venture Partners and Kalaari Capital. Angel investors like Rajan Anandan, Google India and South East Asia MD; Amrish Rau, PayU India CEO; Dilip Khandelwal, SAP Labs India MD and Vikram Chachra, Partner, 8i Ventures participated in this round. Signzy Technologies, helps banks solve customer authentication and onboarding problems with different technology-based services. The platform focuses on making compliance and onboarding processes digital and seamless, in a way that reduces fraud risk.
Agritech startup CropIn raises Series B funding
Bengaluru-based agritech startup CropIn Technologies has raised $8 million in Series B funding, in a round led by Chiratae Ventures (previously known as IDG Ventures). The Bill and Melinda Gates Foundation Strategic Investment Fund (London and Seattle) also participated in this round of funding. SmartFarm is a customisable mobile app and web interface for farm management across agribusinesses’ own field agents allowing for business-to-business-to-farmer plot-level farm management.
Aye Finance raises debt funding from Swiss investor
SME lender Aye Finance has raised Rs 72 crore in debt funding from Swiss-based impact investor BlueOrchard Finance Ltd. The funds will be used to further enhance its credit portfolio, reach out to India’s burgeoning MSMEs at the grassroots level and bring them under the fold of organised lending. Since its inception in 2014, Aye Finance has disbursed over Rs 1,000 crore to over 80,000 micro enterprises in India.
Cure.fit adds mental wellness platform Seraniti to portfolio
Mukesh Bansal and Ankit Nagori’s health and wellness startup Cure.fit has acquired Bengaluru-based integrated mental wellness platform Seraniti. After acquiring Fitness First, 1000yoga, Kristy Kitchens and a few others, Cure.fit is now focusing on its mental wellness platform - Mind.fit. Seraniti clinics at Bengaluru and Pune have rebranded under the Cure.fit banner as Mind.fit, the startup’s dedicated mental wellness vertical offering online and offline yoga, meditation and therapy services.
Techie Tuesday - The accidental software architect
Neal Ford likes to keep it simple. He writes code, speaks at conferences and writes books. But, Neal's job designation reads ‘Director, Software Architecture, ThoughtWorks’. An influential voice in the world of software architecture, he is currently writing his eighth book while becoming fascinated by meta-modernism. In one of his books, he writes, ‘Developers are drawn to complexity like moths to a flame often with the same result.’ Here’s Neal Ford's journey.
Business magnate of Singhania family sets up startup fund
Akshaypat Singhania, Chairman and MD of JK International, announced that he has set up a Rs 100-crore fund to invest in lifestyle, healthcare, food & beverage companies and other startups. The scion of the fourth generation of Singhania family, Akshaypat is now looking for Indian startups to invest in. He is targeting startups that have created a brand for themselves and are now struggling to raise funds for re-engineering.