Leap raises $55M in Series C round led by Owl Ventures (Funding)
Leap, the startup that enables students to study overseas through financial and career assistance, has raised $55 million in Series C round of funding led by Owl Ventures.
Leap said it will utilise this funding round to extend its services to students across SE Asia and MENA regions. Besides, it plans to broaden its product portfolio where it plans to offer international student credit card and insurance products.
D2C tea startup Vahdam raises Rs 174 Cr from IIFL AMC, others (Funding)
Delhi-based VAHDAM India has raised Rs 174 crore in Series D funding round led by IIFL AMC's private equity fund. Existing investors including Infosys co-founder Kris Gopalakrishnan's family office and Sixth Sense Ventures, and others participated in the round.
The direct-to-consumer (D2C) tea brand said it will use the funding to increase online and offline penetration, enter new geographies, and to develop new product categories. Till date, Vahdam has raised over Rs 290 crore.
Fintech startup slice launches card with lower credit limit; targets 200M eligible Indians
Bengaluru-based consumer credit startup slice has unveiled a credit card that offers a credit limit from Rs 2,000 onwards, in a move aimed at capturing nearly 200 million Indians who are not serviced by legacy credit card companies, but are doing some form of online transactions.
The card is free, and comes with similar benefits as any other credit card, irrespective of the limit, the startup said in a release. The product hopes to help new-to-credit users build their credit scores.
IPO-bound OYO increases authorised share capital to Rs 901 Cr
Oravel Stays Pvt Ltd, that operates hospitality firm , has approved an increase in the authorised share capital of the company from Rs 1.17 crore to Rs 901 crore, according to a regulatory filing by the hospitality firm. The development comes ahead of proposed initial public offering (IPO) by OYO, for which a draft red herring prospectus (DRHP) is likely to be filed in the next few months, sources in know of the matter told PTI.
Link : https://yourstory.com/2021/09/startup-news-and-updates-daily-roundup-september-8
Author :- Team YS ( )
September 08, 2021 at 12:48PM
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