Bengaluru-based startup Supertail plans to use the raised funds for business growth, acquisition of new customers, investment in tech, expansion of healthcare services (including Supertails pharmacy), and foray into an omnichannel approach
This is IPV's 2nd round of investment in HappyLocate. The funding platform recently announced the launch of $50 million AIF Fund Physis Capital to invest in series A and B growth stage startups
With the latest capital infusion, the startup intends to grow their remote employment infrastructure and scale their growth team in multiple geographies
The company plans to use the fresh capital raised in pre-series A round to launch a range of SKUs and products relevant for the market at this point when consumers are staying at home
The series A funding round led by Sequoia Capital India and Redpoint Ventures also saw participation from existing investors Accel India, Venture Highway and Global Founders Capital (GFC) along with Gokul Rajaram, Caviar Lead at Doordash
Eloelo has raised USD 450,000 (about INR 3.29 crore) in seed funding round and will use it to build the core team, work on new product initiatives and user acquisition
The Bridge round of funding was led by Stride Ventures, along with participation from existing investors Accel Partners, Sequoia Capital, Evolvence India and JSW Ventures
The Gurugram-based company said the fresh funds will be used to double down on investments across technology, customer and crew safety and sanitisation as well as expansion plans across geographies.
Founded in 2014, the company has been trying to design a completely new class of broad spectrum antibiotics that would be able to fight against increasingly drug resistant bacteria.
The fresh funds will be used to strengthen the team, build the technology further and offer enhanced products with focus on enabling access to credit, corporate banking, cross border payments and the neo-banking stack.
The company will use the new funds to further invest in the platform's predictive capabilities and grow faster in Europe, Asia Pacific and the United States.
The company is developing a satellite launch vehicle for payload capacity of up to 100 kilograms. It said it plans to use these funds for ground testing, fabrication and team expansion.