Latest news with #Metafin
Time of India
05-05-2025
- Business
- Time of India
Indian startups raise $102.93 million in funding over the week
Indian startups raised approximately USD 102.93 million across 25 deals, with strong contributions from early-stage and growth-stage companies this week. Bengaluru and Delhi-NCR-based startups led the funding race, with seven deals each, followed by Mumbai and Chennai. The funding came from various sectors, including cleantech, cybersecurity, edtech, and healthtech , signalling a continued interest in innovation and technology in India. Healthtech startups took the top spot with four deals, followed closely by e-commerce and foodtech companies, with each securing three deals. Other sectors, such as media and entertainment, proptech, edtech, Software as a Service (SaaS), and more, also saw multiple funding rounds. Leading the charge in growth-stage funding was Metafin, a cleantech-focused NBFC , which successfully raised USD 10 million in its Series A round. Other growth-stage startups that attracted attention include QNu Labs, a cybersecurity firm, which secured USD 7 million, and Kaleidofin, a neobanking startup, which garnered USD 5 million. Additionally, CollegeDekho, an edtech platform, and Sadhav Offshore, a marine services company, also raised significant funding. In early-stage funding, Kult, a beauty tech and discovery platform, stood out with a USD 20 million raise, making it the largest early-stage funding deal of the week. Fuze, a SaaS startup, followed with a USD 12.2 million round. Other notable early-stage startups that secured funding include HexaHealth, a healthtech platform, and Anveshan, a foodtech company. Also among the funding recipients were Stimuler, an AI-driven English learning platform, Mugafi, a content creation platform, and others. Additionally, ekincare, a healthtech startup, and Jamm, an offline social networking platform, raised undisclosed amounts. These deals reflect the strong investor interest across various sectors in India's growing startup ecosystem. Meanwhile, in the previous week, 22 Indian startups secured approximately USD 112.35 million in funding. The deals included six growth-stage investments and 12 early-stage rounds, while six startups chose not to disclose the details of their funding.
Hans India
04-05-2025
- Business
- Hans India
Indian startups raise $102.93 million in funding over the week
Mumbai: Indian startups raised approximately $102.93 million across 25 deals, with strong contributions from early-stage and growth-stage companies this week. Bengaluru and Delhi-NCR-based startups led the funding race, with seven deals each, followed by Mumbai and Chennai. The funding came from various sectors, including cleantech, cybersecurity, edtech, and healthtech, signalling a continued interest in innovation and technology in India. Healthtech startups took the top spot with four deals, followed closely by e-commerce and foodtech companies, with each securing three deals. Other sectors, such as media and entertainment, proptech, edtech, Software as a Service (SaaS), and more, also saw multiple funding rounds. Leading the charge in growth-stage funding was Metafin, a cleantech-focused NBFC, which successfully raised $10 million in its Series A round. Other growth-stage startups that attracted attention include QNu Labs, a cybersecurity firm, which secured $7 million, and Kaleidofin, a neobanking startup, which garnered $5 million. Additionally, CollegeDekho, an edtech platform, and Sadhav Offshore, a marine services company, also raised significant funding. In early-stage funding, Kult, a beauty tech and discovery platform, stood out with a $20 million raise, making it the largest early-stage funding deal of the week. Fuze, a SaaS startup, followed with a $12.2 million round. Other notable early-stage startups that secured funding include HexaHealth, a healthtech platform, and Anveshan, a foodtech company. Also among the funding recipients were Stimuler, an AI-driven English learning platform, Mugafi, a content creation platform, and others. Additionally, ekincare, a healthtech startup, and Jamm, an offline social networking platform, raised undisclosed amounts. These deals reflect the strong investor interest across various sectors in India's growing startup ecosystem. Meanwhile, in the previous week, 22 Indian startups secured approximately $112.35 million in funding. The deals included six growth-stage investments and 12 early-stage rounds, while six startups chose not to disclose the details of their funding.
Time of India
28-04-2025
- Business
- Time of India
Solar-focussed NBFC Metafin raises $10 million in round led by Vertex Ventures SEA & India
Solar loans-focussed non-banking finance company (NBFC) Metafin has raised $10 million in a mix of equity and debt funding , led by Vertex Ventures Southeast Asia and India. #Pahalgam Terrorist Attack India stares at a 'water bomb' threat as it freezes Indus Treaty India readies short, mid & long-term Indus River plans Shehbaz Sharif calls India's stand "worn-out narrative" Existing investors Prime Venture Partners and Varanium Capital also participated in the Series A round, along with financial institutions Northern Arc and AU Small Finance Bank . The fresh capital will be used to deepen Metafin's presence in existing markets, expand into new states, and strengthen its technology, credit, and service infrastructure. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Google Brain Co-Founder Andrew Ng, Recommends: Read These 5 Books And Turn Your Life Around Blinkist: Andrew Ng's Reading List Undo Founded in 2019 by Sandeep Chopra and Aditya Shah, Metafin specialises in providing solar loans to small businesses and households in rural and semi-urban areas through a network of lending and installation partners. The company said it uses real-time energy data to facilitate scalable financing. Currently, Metafin is focussed on Uttar Pradesh and Bihar. With this funding, the company plans to expand into regions like Jharkhand, Chhattisgarh, Odisha, and Madhya Pradesh. Live Events 'Today, we have financed over 3,200 installations in 2,700 villages. The ambition now is to scale it up to about 10,000 installations and 8,000 villages across the states in which we are operating… This is largely carrying on to our strategy and theme around energy access in rural India,' cofounder Sandeep Chopra told ET. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories As of March, Metafin has an annual revenue run rate of Rs 22 crore and assets under management (AUM) worth Rs 81 crore. The company is also in talks with banks and other financing partners to further extend its lending services to its target user segment. In February 2024, Metafin raised $5 million in an equity funding round led by Prime Venture Partners and Varanium Capital. In a recent boost for the solar sector, the central government increased the budget for the Pradhan Mantri Surya Ghar Muft Bijli Yojana by 80% to Rs 20,000 crore for FY26. This increase is part of the government's major push for its flagship rooftop solar programme, announced last year. 'Metafin's technology-driven approach, along with their grassroots understanding of rural entrepreneurs and deep knowledge of credit underwriting, positions them as category leaders in the solar asset financing space,' said Nikhil Marwaha, senior executive director at Vertex Ventures Southeast Asia and India.
