Nandan Nilekani lost the Jayanagar(Bangalore) Cong seat in the 2014 lok sabha election.  
  
 Bro understood the game

Software Engineer

AppsForBharat, the parent company of Sri Mandir, has raised $18 million in Series B funding led by Nandan Nilekani's Fundamentum.  The funding round included Susquehanna Asia VC and existing inves...

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- AppsForBharat, the parent company of Sri Mandir, has raised $18 million in Series B funding led by Nandan Nilekani's Fundamentum.
- The funding round included Susquehanna Asia VC and existing investors Elevation Capital, Peak XV, and Mirae Asset VC.
- With this round, the Bengaluru-based startup has raised nearly $32 million


 Source: [Entrackr](https://entrackr.com/2024/09/sri-mandir-parent-appsforbharat-raises-18-mn-in-series-b/)

AppsForBharat, the parent company of Sri Mandir, Raises $18M in Series B Funding

Journalist

AppsForBharat, the parent company of Sri Mandir, Raises $18M in Series B Funding- Grapevine

Welcome to Indian Startups's Private Community

Heard from company references and also they have launched an app for astrologer onboarding

Srimandir (Apps for Bharat) Launching astrology services

Founder

- Moving Tech Innovations Ltd, the firm behind Namma Yatri, raised $11 million in a pre-Series A funding round led by Blume Ventures and Antler, with participation from Google.
- The funds will be invested in technology, R&D, and product innovation to empower drivers, integrate public transport, and enhance customer experience.
- Moving Tech aims to increase driver earnings and provide reliable, affordable, and sustainable mobility solutions through direct-to-driver and multimodal transportation models.
- Originally launched as the Yatri app, Namma Yatri debuted in Bengaluru, Mysuru, Tumkur, and Kochi, and has expanded to Chennai, where it also facilitates metro-ticket bookings.
- The company was spun off from Juspay in April 2020 and is led by Shan M S and Magizhan Selvan, who aim to create an impact similar to UPI in India and Linux worldwide. 

 Source: Moneycontrol

Namma Yatri Parent Raises $11 Million in Funding

- Sarvam AI - $41M (Lightspeed and Peak XV) 
- Mad Street Den - $67M (Avatar, Peak XV) 
- Wysa - $25M 
- Neysa Networks - $20M (Matrix Partners) 
- Scribble Data - $2.3M (Blume Ventures) 
- Expertia AI - $1.3M (Chiratae Ventures) 
- OnFinance - $ 1.1M (Silverneedle Ventures) 
- Krutrom AI - $50M (Matrix Partners)

India’s biggest Ai startups that raised more than $1M

Operations Manager

The Morning Vine 🍇

- Bengaluru-based fintech startup Stable Money has raised INR 123.5 Cr (about $14.7 Mn) in its Series A funding round led by RTP Capital.
- The round also saw participation from existing investors Matrix Partner and Lightspeed Ventures.
- The board at Stable Money passed a special resolution to issue 77,135 Series A Compulsory Convertible Preference Shares (CCPS) at an issue price of INR 16,019 each to raise INR 123.56 Cr, as per regulatory filings.
- The financing round appears to be ongoing and Stable Money is likely to raise more capital in Series A funding.
- Founded by Saurabh Jain and Harish Reddy in 2022, Stable Money offers fixed-return asset investment opportunities for retail investors, such as access to fixed deposits, debt mutual funds, and bonds. 

 Source: Inc42

Stable Money Raises INR 123.5 Cr in Series A Funding Round

Welcome to Office Gossip's Private Community

ET just published a story on BharatPe raising $100M soon (or at least beginning the process to). I’ve heard business is growing well despite exits. How do you feel? 

Do you think the company is going to come good and stabilize as a fintech leader?

BharatPe Fundraise?

Product Owner

https://techcrunch.com/2024/05/10/meesho-an-indian-social-commerce-with-150m-transacting-users-secures-275m-in-new-funding/ 

In current climate, great to see they’re able to raise! Folks at Meesho, some questions: 

- does anyone know if this is a down round?
- how’s the climate inside Meesho? Appraisals, hiring etc 
- are all employees allowed to sell in the secondary?

Meesho raises funding

- InMobi, backed by SoftBank, has raised $100 million in debt financing to enhance its AI capabilities and fund AI-focused acquisitions.
- The financing was led by MARS Growth Capital, a joint venture between MUFG and Liquidity Group.
- CEO Naveen Tewari emphasized AI's role in revolutionizing ad engagement and outcomes for consumers, advertisers, and publishers.
- InMobi operates two core businesses: InMobi Advertising and Glance, an AI-powered content discovery platform.
- Glance, with over 300 million users, aims to expand globally, supported by investments from Jio Platforms, Google, and Mithril Capital. 

 Source: [Moneycontrol](https://www.moneycontrol.com/news/business/startup/inmobi-secures-100-million-debt-to-fund-its-ai-efforts-acquisitions-12819183.html)

InMobi Secures $100 Million Debt to Fuel AI Ambitions and Acquisitions

I'll go first.
Some of these have offices in other countries too Bangalore is the hq ig.

1. AppsForBharat
2. Deepsource
3. Ultraviolette
4. Appsmith
5. Bellatrix Aerospace

Do not mention obvious ones like zerodha please.
Let's discover some hidden ones. Brownie points if you mention startups that only a few have heard of.

Your turn.

What are some cool Bangalore-based startups you would love to work with?

Product Manager

- BluSmart has secured $24 million in its pre-Series B funding round from new investors, including responsAbility Investments AG, Sumant Sinha, and the MS Dhoni Family Office.
- The funds will be used to expand BluSmart's operations and build EV charging infrastructure in India's megacities.
- Existing investors and BluSmart founders also participated in the latest funding round.
- This funding comes four months after responsAbility Investments AG announced a $25 million investment in BluSmart.
- Founded in December 2019, BluSmart has raised $109 million across its seed and Series A rounds to date. 

 Source: Moneycontrol

BluSmart Raises $24 Million in Pre-Series B Funding Round

https://www.cnbctv18.com/startup/bharatpe-turns-profitable-5-years-after-being-founded-ashneer-grover-rapped-by-delhi-high-court-18420851.htm?amp

Seems like $180Mn annualised revenue. Valued at 16.1x of revenue for the last round. Hmm.

Folks are calling out Upcred.ai for non-sensical JD. I was surprised to learn it’s a Cred (invested)company 😂

LinkedIn e-lafda

- NowPurchase, a marketplace for metal manufacturers, raised $6 million in equity and debt led by Info Edge Ventures.
- Investors include Orios Ventures Partners, 100 Unicorns, VC Grid, and notable family offices and angel investors.
- Total funds raised by NowPurchase now stand at $10 million, aimed at expansion and new solutions.
- Funds will support scrap processing centers, private labels, and AI integration in MetalCloud.
- Founded in 2017, NowPurchase serves over 250 factories with its MetalCloud platform and real-time WhatsApp bot. 

 Source: [Entrackr](https://entrackr.com/2024/09/nowpurchase-raises-6-mn-led-by-info-edge-ventures-others/)

NowPurchase raises $6 Mn led by Info Edge Ventures, others

- Nandan Nilekani: Startups built on India's digital public infrastructure valued at over $100 Bn
- UPI designed to provide foundation for innovative offerings by homegrown entrepreneurs
- 'Finternet' concept pitched as future of finance, offering unified platform for all asset types
- Indian fintech space projected to become $2.1 Tn market opportunity by 2030
- RBI Governor announces launch of UPI Circle and Bharat BillPay For Business at Global Fintech Festival 

 Source: [Inc42](https://inc42.com/buzz/startups-built-atop-indias-digital-public-infra-pegged-at-100-bn-nandan-nilekani/?itm_source=recommendation&itm_medium=article-sidebar&itm_campaign=trending)

Indian Startups Built on Digital Public Infrastructure Valued at $100 Bn: Nilekani

I am interviewing at AppsforBharat.
Is there anyone who is working there or used to and can shed some light on the work culture and financial situation of the company?

AppsforBharat culture and financial condition

Software Developer

Welcome to Fintech India's Private Community

Seeing the S&P500 witness a spectacular "short" rally before popping, and then it becoming decidedly clear that even if the rate hikes were unlikely it was still going to be a long time before rates come down. Becoming much more clearer that the impact on various asset classes and securities is going to be muted for the time to be.

Unless interest rates come down, I can't possibly imagine that the VC funding will pick up again, their LPs can't put in more money unless interest rates come down. Cheap capital fuels the VC ecosystem, if capital isn't cheap then allocation in VC Funds goes down to adjust to a newly adjusted risk appetite of investors.

[Opinion] How JPow's misadventure affects me and you...

- Omnichannel jewelry startup **Giva** has raised **Rs 255 crore** in an extended Series B round.
- Early backers **A91 Partners** and **India Quotient** partially exited, realizing significant returns.
- Funds will be used to expand Giva's offline presence, which includes around **150 physical stores** nationwide.
- Giva's revenue grew by **96.4%** in FY23, reaching Rs 165 crore, while losses widened to Rs 45 crore.
- The company competes with brands like **Melorra, Bluestone, CaratLane**, and others.

Source: [Entrackr](https://entrackr.com/2024/10/giva-raises-rs-255-cr-a91-and-india-quotient-get-exit-worth-rs-166-cr/)

Giva Raises Rs 255 Cr in Extended Series B, A91 and India Quotient Partially Exit

Underrated Funding News: Lal Sweets (mithai) raises $40Mn

Analyst

- OpenAI has secured $6.6bn in new funding and is now valued at $150bn, the highest in Silicon Valley's history.
- The company has asked investors to avoid backing rival start-ups such as Anthropic and Elon Musk’s xAI.
- OpenAI's move to seek exclusive relationships with investors could limit rivals' access to capital and strategic partnerships.
- The company's latest funding round was led by Thrive, a venture capital firm founded by Joshua Kushner.
- OpenAI plans to use the new funding to double down on its leadership in frontier AI research, increase compute capacity, and continue building tools that help people solve hard problems.

Source: [Financial Times](https://www.ft.com/content/66e0653e-c446-47b2-8a7f-baa54ccbfb9a)

AppsForBharat, the parent company of Sri Mandir, Raises $18M in Series B Funding

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