New Delhi-based student accommodation platform Stanza Living has raised $10 million (Rs.73 crore) in a funding round led by Sequoia Capital with participation from existing investors — investment firms Matrix Partners and the California-headquartered Accel Partners. Stanza Living will leverage the funding to expand to multiple markets and strengthen its core leadership team while onboarding specialised talent across functions. The startup will also utilise the fresh capital to bolster its technology development, which helps it drive effectiveness into project management and efficiency in business operations while enabling it to offer personalised service delivery.
Mumbai-based cybersecurity startup Sequretek has raised $3.7 million (Rs.27 crore) in a bridge funding round led by existing investor Unicorn India Ventures, a Mumbai-based venture capital fund. The platform, which is gearing up for its international debut in North America, plans to use the freshly raised funds to set up offices there, hire local talent, and sign on some clients in industry segments spanning the banking, financial services and insurance (BFSI) sector, technology, retail, and online brands.
Delhi-based fintech and marketing technology startup Goals101 has raised $3.5 million in a Pre-Series A funding round from US-based venture capital firm Nexus Venture Partners. The funds raised from the round were utilised to improve Goals101’s technology and data science capabilities and also to expand its geographical reach to Malaysia, the UAE, Qatar, South Africa and Kenya.
Bengaluru-based dockless two-wheeler rental service Bounce has raised $3 million in venture debt from venture debt and speciality lending firm InnoVen Capital. The startup plans to use the funding to further boost Bounce’s expansion plans and establish a pan-India presence.
Smartphone discovery platform 91mobiles has acquired a majority stake in 500 Startups-backed product research platform Pricebaba for an undisclosed amount. As part of the deal, Pricebaba investors including 500 Startups will exit the company while co-founder Annkur P Agarwal will move to an advisory role. Pricebaba, which claims to serve around 5 million monthly users, will continue to operate as a separate property, focusing on the larger consumer electronics category that includes TVs, washing machines, ACs and refrigerators, in addition to smartphones.
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