Moneyview set to turn unicorn in Series F round

Bengaluru-based Moneyview is nearing unicorn status as it finalizes a new funding round of $50-60 million from new and existing investors, including Apis Partners and Accel. This Series F round will push the company's valuation over $1 billion. Moneyview, which offers personal and home loans, credit cards, and loans against property, has raised nearly $190 million to date. The company's revenue grew 2.6x to Rs 577 crore in FY23, with profits surging 27x. Moneyview is also set to acquire a mid-stage fintech company.

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https://entrackr.com/2024/07/exclusive-moneyview-set-to-turn-unicorn-in-series-f-round/

Edukemy’s scale rose 14% in FY23, losses narrow 70%

Edukemy, a Bengaluru-based test prep edtech startup, saw significant improvements in FY23, with revenue growing 14% to Rs 7.6 crore and expenses dropping 44% to Rs 12 crore. Its personalized education platform boosted sales of services to over Rs 7 crore. Founded by Deb Tripathi and Shabbir A Bashir, the company reduced losses by 70% to Rs 4.9 crore. Employee benefits made up 40% of expenses, while depreciation and legal charges contributed 10% and 5% respectively. Edukemy's last funding round raised Rs 15 crore in 2021.

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https://thekredible.com/blogs/edukemys-scale-rose-14-in-fy23-losses-narrow-70

Exclusive: Awign bags $24.5 Mn in series C, Mynavi now holds 73% stake

Awign has raised Rs 203.5 crore ($24.5 million) from Japan’s Mynavi Corporation, now holding a 73% stake. The funds were raised by issuing 11,485 Series C CCPS at Rs 1,77,206 each. Mynavi also bought back shares from existing investors, valuing Awign at Rs 828 crore ($100 million). Founded in 2016, Awign aids enterprises with outcome-based execution and has shown financial growth in FY23, doubling its revenue to Rs 134.35 crore. The HR tech funding space saw a decline to $90 million in 2023.

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https://entrackr.com/2024/07/exclusive-awign-raises-24-5-mn-mynavi-now-controls-73-stake/