Zepto, a 10-minute online grocery delivery startup, has secured $60 million in funding from Y Combinator, Glade Brook Capital, Nexus, among other individual investors, a remarkable success for a start-up in the hyperlocal delivery market, which hasn’t seen much early-stage development in the last 5 to 6 years. The Mumbai-based startup, which has been in “stealth mode” for the last six months, has also received funding from renowned angels including Lachy Groom, Neeraj Arora, and Manik Gupta. The startup is now valued at $225 million.
Fi raises $50 million
Neobank startup, Fi founded by former Google Pay pioneers Sujith Narayanan and Sumit Gwalani in 2019 has raised $50 million in a fresh funding round backed by Facebook co-founder Eduardo Saverin’s B Capital, with participation from Falcon Edge Capital. Fi provides working professionals with digital bank accounts and financial guidance. This is the company’s second funding round valuing the 3-year-old Bengaluru-based startup valued at $315 million, a sevenfold increase.
Faze Technologies secures $17.4 million
Faze Technologies, a start-up that offers consumer experiences on top of public blockchains, has secured $17.4 million in a seed round led by Tiger Global Management alongside Coatue and Sequoia Capital India. The round also featured participation from other investors which includes Courtside Ventures, Dapper Labs, Samsung Next, and Vivek Ranadive’s Bow Capital. Furthermore, the startup confirmed a collaboration with the International Cricket Council (ICC) to design exclusive digital collectibles (using non-fungible tokens (NFTs)) for cricket to introduce on the Flow blockchain.
Multiplier raised $13.2 million
Multiplier, a self-serve employment startup, has attracted $13.2 million in a Series A funding round anchored by Sequoia Capital. Alongside existing investors such as India’s Surge, Golden Gate Ventures, MS&AD Ventures, and Deepinder Goyal (co-founder, Zomato) Picus Capital, and Amrish Rau (CEO, Pine Labs) also participated in the round.
Multiplier, founded in 2020 by Amritpal Singh, Sagar Khatri, and Vamsi Krishna, is an employment solutions startup that facilitates its users in connecting into the international talent pool in a standardized manner without creating legal entities abroad. The fresh infusion of capital will be used to strengthen the startup’s full-stack platform and grow its global market footprint. The proceeds will also be used to expand payroll benefits solutions for businesses.