The private equity arm of IDFC Group, IDFC Alternatives has launched its fourth fund, with a corpus of $100 million, to invest in approximately 10 startups with a ticket size of around $30-50 Million.
Small and medium enterprise-focused online lending platform Loan Frame Technologies has raised a seed round of INR 15 crore from a clutch of investors. The Singapore-headquartered fin-tech startup provides a marketplace platform to lenders and SMEs, facilitating both secured and unsecured loans for the later, ranging from INR 5 lakh- INR 50 crore.
Online learning platform Unacademy has raised INR 30 Crore in a Series A funding led by Nexus Venture Partners and existing investor Blume Ventures. The funding will be utilized to expand the content portfolio, onboard educators on the platform, hire talent, and improve user experience.
Electronic gadget repair service startup iService has raised INR 3 Crore in a seed funding round led by Blume Ventures along with angel investors such as Freshdesk co-founder Girish Mathrubootham, TaxiFor Sure cofounder Aprameya Radhakrishna, Tapzo CEO Ankur Singla, former Flipkart executive Mekin Maheshwari and Belong Cofounder Vijay Sharma. Started in 2013 iService has four brick-and-mortar stores in Bengaluru and Delhi and also offers on-demand services through its 35-member team.
Bengaluru-based SecurAX, a cloud-based biometric workforce tracking solutions provider, has raised an undisclosed funding from Axilor, Parampara Early Stage Opportunities Fund and a group of angel investors. The funding will be utilized to enhance technology offerings, expand customer base and scale up operations across India and the Middle East.