Equirus InnovateX Fund Closes First Enterprise Tech Fund at ₹166 Crore
Equirus InnovateX Fund has announced the final close of its first enterprise technology fund, raising ₹166 crore.
The B2B-focused fund will invest in early-stage startups working in SaaS, DeepTech, and Fintech. EIF plans to support seed and pre-Series A companies that have already built their product and are now working toward achieving product-market fit.
Otto Money Raises $1.3 Million in Pre-Seed Funding
Otto Money, an AI-based wealth advisory platform, has raised $1.3 million in a pre-seed funding round. The round was led by Pravega Ventures, marking Otto Money’s first institutional funding.
The funding round also saw participation from several angel investors, including Rishi Kohli, Amit Gupta, Amit Agarwal, and Mohit Aron. Existing investors in the company also took part in the round.
The company plans to use the funds to expand and strengthen its AI-powered wealth guidance platform.
IDfy Raises ₹476 Crore to Build India’s Leading Trust Platform
IDfy raised ₹476 Cr in a funding round led by Neo Asset Management, with continued support from Blume Ventures, Analog Capital, Elev8 Venture Partners, IndiaMART InterMESH Limited, and Kae Capital.
This fundraise is a major milestone in journey to build India’s leading TrustStack, a unified platform for digital onboarding, risk mitigation, and privacy governance
Wint Wealth has raised 250 Cr in Series B funding.
Wint Wealth has raised 250 Cr in Series B led by Vertex Ventures (the venture capital arm of Singapore state investor Temasek Holdings) and co-participated by Eight Roads, Zerodha’s fund, 3one4 capital and Arkam Ventures.
The company said retail participation in India’s corporate bond market has grown significantly over the last two years, with around 2 lakh orders now being placed in a single month. This growth has created a new and steady source of funding for NBFCs and corporates across different credit ratings.
