Fintech unicorn Slice has raised about $9 million in debt funding from Stride Ventures. Separately, Breathe ESG has raised $315,000 in its pre-seed funding round led by 100X.VC.
Slice raises $9m from Stride
Credit card alternative Slice has raised about $9 million (Rs 75 crore) in debt funding from Stride Ventures, Entrackr reported.
According to the report, the company has passed a special resolution to allot 7,500 non-convertible debentures at an issue price of Rs 1,00,000 per share to raise the aforementioned amount. The debt round may go up to $35 million, a separate regulatory filing showed.
The development comes a month after Slice announced its merger with Guwahati-headquartered North East Small Finance Bank (NESFB). Slice had already acquired a 5% stake in the bank last year.
With the latest infusion, Slice’s total funding stands at $340 million. The fintech unicorn was valued at over $1.5 billion in its Series C round in November 2021.
100X.VC leads funding in Breathe ESG
Breathe ESG, a startup offering enterprise SaaS solutions for sustainability management, has raised $315,000 in its pre-seed funding round led by 100X.VC, it announced on Tuesday.
100X.VC was the first institutional investor to invest in Breathe ESG. Post 100X.VC pitch day, KANJ Realty Ventures and Hyderabad Angels, notable angel investors like Vipul Jain (Chairman, Kale Logistics and Partner, Hearth Ventures) Pradeep Lala (Managing Director & CEO at Embassy Services) and Prashant Naik (Managing Partner, GRICAA) invested in the company.
The latest funding proceeds will be used to increase product capabilities, improve the suite of offerings, and expand into global markets, the startup said in a statement.
Founded in July 2022 by Karantaj Singh and Shaayak Chatterjee, Breathe ESG assists enterprises in streamlining their sustainability efforts, making the transition to sustainable practices more accessible, efficient, and affordable.