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The Bengaluru-based startup will use the fresh capital to strengthen its technology and product capabilities and expand its experience supply across existing markets.
The funding round saw participation from Foundation Capital.
The funding round also saw participation from existing investors Accel, S32 (Section 32), Prosus Ventures, Hitachi Ventures and Wipro Ventures.
The round also saw participation from Entrepreneur First and a group of angel investors, including backers from quantitative trading firms.
The funding round saw participation from DeVC, Peercheque and Kunal Shah.
The funding round also saw participation from new investors Anant Jain and Sachin Kasera.
Unimech Aerospace and Manufacturing participated in the funding round.
The fresh capital will be used for product development, customer deployments, and expanding its engineering teams across the US, India, and Israel.
The funding round also saw participation from Claypond Capital, Martin Chavez, Olivier Pomel, Venky Harinarayan and Shah Rukh Khan.
The board is scheduled to meet on September 17 to evaluate various fundraising options, including the issuance of equity shares, warrants, convertible securities, or other approved instruments.
The funding round also saw participation from existing investors Spark Capital and Pear VC.
The funding round also saw participation from existing investor Bessemer Venture Partners.
The funding round also saw participation from angel investors Afsar Ahmad, Jani Pasha, and Arpit Dave.
The funding round also saw participation from Sharad Sanghi, Antler India, Sandeep Singhal and Paula Mariwala.
The funding round also saw participation from 360 ONE Asset, IMM Investment, as well as existing investors Radical Ventures, growX Ventures, and others.
The round also saw participation from Baring Private Equity India, Saison Capital Pte. Ltd. and UNLEASH, along with other investors.
The round values the digital banking startup at $450 million, marking a steep decline from the $1.5 billion it commanded in 2022.
The Noida-based startup will use the funding to expand its AI tutoring platform and reach more schools and students.
The funding round also witnessed participation from several industrial entrepreneurs and existing investors, including Nikhil Sawhney and Varun Agarwal.
The round also saw participation from Antler Elevate, Antler India, Manish Gandhi and Shastra VC.
