Fintech startup Credit Fair has raised $10 million in debt and equity as part of its seed extension round. Separately, electric scooter startup River raised $11 million in its Series A round, while logistics unicorn Xpressbees secured Rs 195 crore ($24.6 million) in a secondary transaction.
Credit Fair raises $10m in seed extension round
Fintech startup Credit Fair has raised $10 million in debt and equity as part of its seed extension round, led by LC Nueva Investment Partners, per an announcement.
The round also saw the participation of venture capital fund Capital A, Sattva Family Office, Nitesh Damani of Khel Group and Nikhil Chandra Gupta, apart from its existing investors such as Anand Ladsariya, Neeraj Goenka and Alok Agarwal.
Credit Fair plans to use the funding to augment its technology, among others.
Going forward, the Mumbai-based startup has plans to launch its wealth-tech platform as it looks to help retail investors access secured fixed-income alternatives.
Electric scooter startup River raises $11m in Series A round
River, an electric scooter startup headquartered in Bengaluru, said it has secured $11 million from investors led by US entrepreneur Chris Sacca’s Lowercarbon Capital.
Others who participated in the round include Toyota’s early-stage venture capital arm Toyota Ventures.
The funding will help River ramp up its headcount, invest in R&D, and set up a manufacturing facility.
Currently, River has an employee base of over 110 people who are primarily engaged in engineering roles.
Logistics unicorn Xpressbees raises $24.6m
Logistics unicorn Xpressbees has raised Rs 195 crore ($24.6 million) in a secondary transaction from Avendus Future Leaders Fund II, paving the way for a part exit of its existing backer Elevation Capital.
The amount of stake Elevation Capital will hold in the company post the transaction could not be ascertained.
Founded in 2015, Xpressbees is an end-to-end logistics company headquartered in Gurugram. It caters to sectors such as e-commerce, pharmaceuticals, FMCG, retail, manufacturing, electronics and consumer durables.