Founded in 2015, US-based B Capital leverages an integrated team across nine locations in the US and Asia, as well as a strategic partnership with BCG, to provide the value-added support entrepreneurs need to scale efficiently.
The Series A funding round was co-led by global venture capital firms B Capital and Quona Capital with participation from existing investors Stellaris Venture Partners and Avaana Capital and new investors Alteria Capital and InnoVen Capital, the company said in a statement.
The Co-Founder and Managing Partner of B Capital will be betting big on cross-border SaaS, financial inclusion, and the India consumer story with its $2.1-billion growth fund.
The fund will be used to invest in start-ups between Series B to Pre-IPO rounds, co-founder and managing partner Raj Ganguly said.
Both B Capital and Accel Partners raised new funds of around $250 million and $650 million respectively earlier this year
Bhanu’s long-term goal is to eradicate math phobia globally and the mid-term objective is to establish his startup as the biggest math-learning entity
Bhanzu said it will be using the funds to expand its business globally across multiple geographies. It will also enhance its tech infrastructure to create better learning experiences and will increase its workforce, and strengthen its curriculum.
BII recently invested in two future-of-work themed start-ups from its newly announced fund of $500 million to be invested into Indian start-ups in the next few years.
We aren't seeing valuations go up in the early stage, valuations are probably holding up to what they were in the last one year. Instead round sizes have come down a little bit, said Karan Mohla
The latest fund will be focused on finding start-ups across digital healthcare, enterprise software, fintech and logistics, among other growing industries
MoEngage says it has grown its annualised recurring revenue by more than 105 percent In the last 12 months, and has added 500 new customers. It has also doubled its headcount to more than 650.
The startup’s Series B round was led by Insight Partners, B Capital Group and Dragoneer and also saw participation from existing investors
The deal is expected to value PharmEasy's parent company API Holdings at around $1.8 billion.
The investment includes USD 31 million announced earlier. Founded in 2011, Mswipe operates as a card payments via mobile point of sale transaction machines.