The Indian startups this week continued to grab early or growth stage investor cheques in sectors including digital lending and ed-tech.
Direct-to-consumer brand Happily Unmarried raised $2.7 million in Series H round of funding. It was funded by IIFL Finance.
Happily Unmarried sells grooming products for men.
A leading player in the B2B pay later space ePayLater also raised $2.5 million in seed round from Pravega Ventures. This segment is marked by low penetration of formal financing that belies its massive size in excess of $500 Billion.
The electric-two wheeler subscription platform eBike and online grocery platform Express Stores, also managed to raise early rounds.
eBike raised $1.5 million from Sukhbir Singh, Vijay Sivaram, Brahmanand Mohanty, Alparslan Kütükçüoğlu and Express Stores raised $1.1 million from Venture Highway, Kunal Bahl, Rohit Bansal, Anupam Mittal and Amit Singhal.
The digital lending startup KreditBee secured an investment of $75 million in a Series C round. It witnessed the participation from Premji’s PremjiInvest and South Korea’s Mirae Asset Venture.
Some other companies in the ed-tech and direct to consumer segments also struck deals.
Delhi-based Eupheus Learning, which aims to bridge the gap between in-class and at-home learning by offering pedagogically differentiated, technology-led solutions in the K–12 space, raised $4.1 million in Series B round led by United Education Company, a leading education firm in Kuwait.