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Blume and Montane-backed Hybrent combines with Procurement Partners E-procurement solution provider Hybrent has announced that it is combining with Procurement Partners, a provider of procure-to-pay (P2P) solutions for post-acute care and senior living communities. The combination of the two companies yields one of the largest procure-to-pay organisations in healthcare. ZestMoney raises $50M in Series C investment from […]

Fivetran raises $565M, to acquire HVR Tech firm Fivetra​n has raised $565 million in funding (about Rs 4,161.8 crore) led by Andreessen Horowitz (a16z). The series D round also saw participation from existing investors – General Catalyst, CEAS Investments, Matrix Partners, and others, along with new investors ICONIQ Capital, D1 Capital Partners and YC Continuity, a statement said. Aerchain raises $3M […]

CARS24 raises $450M, at a valuation of $1.84B The ecommerce platform for pre-owned vehicles, Cars24, has raised a total of $450 million at the valuation of $1.84 billion. The startup raised $320 million in Series F equity, and $110 million debt from diversified financial institutions. The company stated that the Series F equity round was led by DST Global, […]

Welcome to Startups Weekly, a fresh human-first take on this week’s startup news and trends. To get this in your inbox, subscribe here.  BetterUp, a reskilling and coaching platform for employees before and beyond the C-suite, is getting in touch with its emotions. This week, the richly funded unicorn startup announced a pair of acquisitions […]

Biocon Biologics to offer 15 pc stake to Serum Institute Life Sciences at valuation of $4.9B Biocon Biologics, a subsidiary of Biocon, on Thursday said it will offer around 15 percent stake to Serum Institute Life Sciences at a post-money valuation of about $ 4.9 billion. Serum Institute Life Sciences (SILS) is a subsidiary of Serum […]

Healthtech startup Ayu Health raises $6.3M from Vertex Ventures, Stellaris VP Bengaluru-based Ayu Health raised $6.3 million in Series A funding round from Singapore-headquartered Vertex Ventures and Stellaris Venture Partners, which is based in Bengaluru. The round also saw participation from serial entrepreneur and angel investor Ashish Gupta, Mamaearth’s co-founder Varun Alagh, and Rajat Goel, Founder of Gurugram-based EyeQ Super Speciality Eye Hospitals. Jobs platform […]

After 3 months of stealth, this startup aims to make home loans digital, raises Rs 8 Cr (Funding) Mumbai-based home loans startup Easiloan has raised Rs 8 crore from Tomorrow Capital. It aims to utilise these funds to further build its digital-only product, customer acquisition channels, and activate new markets. The Easiloan platform makes selection […]

SucSEED Indovation Fund, others back edtech virtual community platform EventBeep Edtech virtual community platform EventBeep on Tuesday announced that it has secured an early-stage seed funding lead by SucSEED Indovation Fund, Uincept, Palimala Ventures, and other angels. Eventbeep said it is on a mission to revolutionise the student’s ecosystem by levelling the playing field for the youth – helping them maximise their potential through […]

Welcome to BetaKit’s startup stories of the week! Here, you will find the week’s most important news, features, and editorials published on BetaKit. If you prefer this update hit your inbox every week, make sure to subscribe to the BetaKit Newsletter using the form at the bottom of this page. Top Stories of the Week […]

WhatsApp to offer end-to-end encryption option for backup WhatsApp on Friday said it will allow users to backup their chat history with end-to-end encryption, after which the content will be accessible only to them and no one will be able to unlock their backup. The end-to-end encryption backup feature for WhatsApp – which has two billion […]