Cocoon Ventures, a Dubai based venture capital firm, is looking to invest around $ 20 million in Indian startups. Apart from direct investments, the firm is also looking to invest through tie ups with other accelerators and funds.The early stage investment firms core focus areas are information technology and internet of things (IoT).
Mumbai-based InfiSecure, a real-time bot detection and protection platform, has raised $600,000 in seed funding from IDG Ventures and Axilor Ventures.The funding will be utilized for research and global business development. It will also be invested in technology innovation to cover more aspects of website protection.
Udaan, a business-to-business online marketplace has raised $10 million in series A funding from venture capital firm Lightspeed Venture Partners India and Lightspeed US. Udaan is currently running a pilot connecting manufacturers, wholesalers, traders and retailers. It has two categories so far—mobile accessories and fashion products.
Delhi-based non-banking financial company AYE Finance (AYE) has closed its Series B round of funding worth INR 70 crore from LGT Impact Ventures and existing investors SAIF Partners and Accion.The funding will be utilized to grow outreach across the country with a target loan portfolio of more than Rs 2,000 crore over five years.
Ed-tech startup VoLT, run by Edutainment Spearheads Pvt Ltd, has raised an undisclosed amount of seed funding from YMS Mobitech, a tech-based distribution company.VoLT (Vocabulary Learning Technique) simplifies vocabulary learning process using creative teaching methodologies, mnemonics, anecdotes and colored pictures for better retention.