Avataar leads funding with INR 199.55 crore, joined by Peak XV, Novellus Systems and other investors including Sustained Innovations and Eventures India.
The USD 8 million round included USD 5 million in equity led by July Ventures with participation from Peak XV Partners, Accion Venture Lab, and Sadev Ventures, along with USD 3 million in debt financing from Trifecta and Vivriti.
Led by Peak XV Partners with USD 8 million, existing investors InfoEdge Ventures and Chiratae Ventures invested USD 2.5 million each, with participation from Alteria, Stride and angel investors.
The Series D funding round led by Sofina and Sauce.vc, with a mix of primary and secondary capital and participation from Peak XV Partners, Rainmatter Health and Ayra Ventures.
Peak XV promoted Abhishek Mohan to General Partner and Saipriya Sarangan to COO, while mutually parting ways with Ashish Agrawal, followed by the departures of Ishaan Mittal and Tejeshwi Sharma.
The round, which values Digantara at approx. USD 200 million, also attracted investments from 360 One Asset, Tokyo-based asset management firm SBI Holdings, and entrepreneur Ronnie Screwvala.