EV startup Rivian, Bombay Shaving Company, drone startup FlytBase raises funds this week, Technology News, ETtech
Bombay Shaving Company (BSC) has raised Rs 45 crore in a new financing round, led by Sixth Sense Ventures with participation from existing investor Colgate Palmolive Asia Pacific. Following the fundraising, a clutch of angels and early employees have exited the men’s grooming brand, which has picked up Rs 80 crore till date. The brand aims to achieve an annualized turnover of Rs 100 crore by next year, and use the cash raised to invest in brand building, product development, and expansion. Read More..Eduisfun, a Mumbai-based educational technology startup, has secured fresh funds worth Rs 200 crore from a clutch of angel investors and high net-worth individuals, including HDFC chairman Deepak Parekh and actor Amitabh Bachchan, who have invested in their personal capacities. Other investors include Piyush Pandey, chief creative officer of the Ogilvy Group and Russell Parera, partner, assurance at Price Waterhouse & Co. Read More..
Autonomous drone startup FlytBase Inc said it had closed its seed round of venture financing. The round was led by a US-based, early-stage seed fund, and gives the company access to professional experience and world-class B2B networks. The company, based in Silicon Valley and India, creates software to power autonomous drone fleets. Read More..
Electric vehicle startup Rivian said on Monday it closed a $1.3 billion investment round, led by fund manager T. Rowe Price but also including existing investors online retailer Amazon and No. 2 U.S. automaker Ford. Prior to this announcement, Rivian had raised $2.2 billion from investors, according to investor website PitchBook, and was valued at an estimated $5 billion to $7 billion. Read More..
Business expense management startup Finly has risen an undisclosed sum in funding from a clutch of investors, including, Gemba Capital, Chamath Palihapitiya-led Social Capital, and AngelList India. While the terms of the transaction were not disclosed, other investors that have also participated in the latest round include Das42 Capital and 91Springboard, the company said in a prepared statement. Read More..