Shivalik Small Finance Bank has raised $13.4 million (Rs111 crore) in equity co-led by global venture capital firms Accel and Quona Capital. Separately, upskilling platform AlmaBetter has raised $2.7 million in a seed round led by Kalaari Capital, while electric mobility tech platform MoEVing raised $2.5 million from JSW Ventures.
Shivalik Small Finance Bank raises $13.4m
Shivalik Small Finance Bank on Wednesday said it has raised $13.4 million (Rs 111 crore) in equity co-led by global venture capital firms Accel and Quona Capital. Bharti AXA Life Insurance also participated in the investment round.
The lender plans to use the funding to enhance its tech stack, strengthen its team, and deepen partnerships as it moves to become the go-to bank for Indian MSMEs.
Upskilling platform AlmaBetter raises $2.7m
Upskilling platform AlmaBetter has raised $2.7 million in a seed round led by Kalaari Capital, to expand its offerings to cater to college students
The round also saw participation from marquee investors including Vidit Aatrey (CEO, Meesho), Sanjeev Kumar (CTO, Meesho), Rajesh Yabaji (CEO, Blackbuck), Varun Alagh (CEO, Mamaearth), and Rahul Dalmia (an early backer of Polygon Technology), among others.
The company also plans to introduce job-guaranteed courses in product engineering, including UI/UX and other high-growth domains.
MoEVing raises $2.5m from JSW Ventures
Electric mobility tech platform MoEVing said it has raised $2.5 million from JSW Ventures, the venture capital arm of JSW Group, to strengthen its platform for driver-partners across India.
It also intends to use a portion of the capital to support its expansion across multiple Indian cities.