ETtech Deals Digest: BharatPe, Vogo, Qure.ai raises funds this week – ETtech



Fintech startup BharatPe has raised $75 million led by hedge fund Coatue Management and Palo Alto-based fintech investor Ribbit Capital, because it appears to be like to fund its non-banking monetary firm (NBFC) arm that’s awaiting licence approval from the Reserve Bank of India. The newest funding spherical has almost doubled BharatPe’s valuation to $425 million. Read More..Rupeek Fintech has raised $60 million (about Rs 432 crore) throughout two separate rounds, led by GGV Capital, Binny Bansal and Bertelsmann India Investments, amongst others. The Bengaluru-headquartered startup, which offers loans in opposition to gold as collateral, stated it’s going to use the proceeds from the most recent funding spherical to additional put money into know-how and to accumulate clients. Read More..

Illustration: Rahul Awasthi
Illustration: Rahul Awasthi

Ummeed Housing Finance has raised Rs 164 crore from a fund managed by Morgan Stanley Private Equity Asia and present investor LGT Lightstone Aspada. The 4-yr-outdated, Gurugram-headquartered firm will use the proceeds from the Series-D spherical to develop into newer geographies, in addition to additional construct its know-how platform, with a concentrate on creating state-of-the-artwork underwriting practices. Read More..

On-demand mobility firm Vogo Automotive has closed an funding spherical led by LGT Lightstone Aspada, with participation from present buyers Matrix Partners India, Kalaari Capital and Stellaris Venture Partners. The firm has raised about $20 million, regulatory filings present. The funding will probably be used to assist Vogo develop throughout the nation and additional strengthen its IoT know-how, Vogo stated in a press release. Read More..

Healthcare startup Qure.ai has raised Rs 115 crore led by Sequoia India, together with MassMutual Ventures Southeast Asia. Qure.ai is a synthetic intelligence-led resolution that enhances imaging accuracy and in flip improves well being outcomes with the help of machine-supported instruments. Read More..

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