Lightspeed India Partners Raises $500M India Fund; Wheelocity Bags $12 million; Zbyte Secures $10M and Sequoia India’S Surge, Infoedge Ventures Invests $5M in Attentive


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Lightspeed India Partners Raises $500M Seed Fund

Lightspeed, the funder of startups like Byju’s, Oyo, Razorpay and ShareChat, has launched a $500 million fund dedicated to India and Southeast Asia to double down on startup bets.

Alongside the India IV fund, the Silicon Valley-based venture capital firm also announced the closing of Fund XIV with $1.98 billion, Select Fund V with $2.26 billion, and Lightspeed Opportunity Fund II. with $2.36 billion in committed capital.

Through this, Lightspeed has raised more than $7 billion to fund early-stage and growth-stage entrepreneurs worldwide, 60% more than its last flagship fundraising round. The company said that with the new capital, it will focus on expanding its seed bets and supporting its large and growing global platform.

The venture capital firm also unveiled Lightspeed Faction, an independent team dedicated to building on the company’s nine years of experience supporting founders in blockchain infrastructure, according to a statement.

Wheelocity raises $12M from Lightspeed, Anicut Capital

Wheelocity, a fresh commerce supply chain network, raised $12 million in equity and debt in its Series A funding round led by Lightspeed. The round also saw participation from Anicut Capital and some other investors.

The new capital to create new products on farms, help its customer base scale rapidly and increase efficiency within the F&V supply chain. Over the next six months, Wheelocity aims to hire in roles in product, technology and operations, among others, according to a release. The company further aims to reach more than 30 additional cities in India over the next 12 months.

“India is a fresh food surplus country – and despite this, if on the one hand we throw away/lose hundreds of thousands of tonnes of F&V every day due to supply chain inefficiencies, on the other On the other hand, studies indicate that more than 33 million Indians are undernourished Obviously, there is a huge problem to be solved by building the rails for fresh produce in India, and we are delighted to be supported by Lightspeed & Anicut to solve this problem at scale,” said Selvam VMS, Founder and CEO of Wheelocity.

Web 3.0 startup zbyte raises $10 million from private investors

Web 3.0 startup zbyte has raised $10 million in a seed round led by private investors. The startup aims to create decentralized app stores (dApps) to help developers and businesses build such apps.

The project is a pioneer of a blockchain-enabled LCNC (low-code, no-code) platform, which allows developers and enterprises to easily create dApps (decentralized applications). The new category, dPlat, will accelerate blockchain adoption in the developer community and enterprises with its simple LCNC interface, according to a release.

It also plans to launch a public token, the ZBYT token, around the fourth quarter of 2022. “We will leverage the developer talent available here in India. We hope to have a significant impact on the developer ecosystem,” Nitin said. Kumar, co-founder of zoctet.

Sequoia India’s Surge and InfoEdge Ventures invest $5 million in Attentive

Attentive, an AI-powered SaaS startup, has raised $5 million from Sequoia India’s Surge Fund and InfoEdge Ventures. The new funds will be used to further develop the platform and add more modules to automate the remaining landscaping workflows.

“Raising funds in today’s market is a strong validation of the fundamentals of our business. The funds will allow us to hire and retain top product, technology and sales talent and expand our operations in the United States and Canada,” adds Sarthak Vijay, co-founder of Attentive.

Attentive has built a SaaS-based sales automation platform for the field service industry. The more than $200 billion industry includes landscaping, snow removal, paving and pest control companies, the company said.

ConsCent Raises $1.75M in Funding Round Led by Inflection Point Ventures

Content monetization platform ConsCent has raised $1.75 million (around Rs 14 crore) in a funding round led by Inflection Point Ventures.

Start-up funds Varanium Capital, RiSo Capital, SucSEED Innovation Fund, Sigurd Ventures, AngelList, PitchRight Ventures, and angels like Vijay Sivaram of Quess Corp, former Rivigo co-founder Gazal Kalra, and more. also participated in the round. This is ConsCent’s second funding round since raising seed capital of Rs 4 crore in August 2020.

The company plans to use the fund to hire tech talent, expand the sales and marketing team, and invest in artificial intelligence (AI) and machine learning (ML) tools to develop in-house monetization technology of content.

Instalimb raises Rs 26 crore to foray into India

Japanese 3D-printed prosthetic leg manufacturer, Instalimb, has raised Rs 26 crore in Series A funding to break into the Indian market and launched its state-of-the-art prosthetic solutions in Gurgaon.

The startup aims to deliver the leg prosthesis with socket (tech) and alignment (PO quality) to 48 million people who currently do not have access to a device worldwide, a statement said.

“With our launch in India, we plan to reach more people who need this kind of advanced assistance and help them get back to their active lifestyles,” said Yutaka Tokushims, CEO of Instalimb. .

Ganit Raises Undisclosed Amount in Pre-Series A Round From Angels

AI and data analytics startup Ganit has raised an undisclosed amount in its pre-Series A funding round led by angel investors including Sangeet Kumar, co-founder and CEO of Addverb Technologies, Krishnan Vishwanathan, co-founder and CEO, Kissht, Anshul Gupta and Amit Raj, co-founders of EatClub Brands (formerly Box8), among others.

Ganit claims to have doubled its annual growth steadily over the past four years, with 100% customer retention. The new capital injection is expected to be used to expand its product portfolio in various areas including but not limited to Voice of the Customer, Forecasting, Promotion Planning, Route Optimization, Optimization pricing as well as fast-growing emerging areas such as ESG. (environmental, social and governance).

In addition to a wide range of products, Ganit is also looking to more than double its workforce to 500 by the end of 2023, he said.

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