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Media Highlights
SpotDraft shows that contract lifecycle management remains profitable, raises $26M
VCs see a rich opportunity in tools to manage the contract lifecycle. Two years ago, startups developing software that helps draft, manage and review contracts raised over $70 million in venture equity. While a relatively small space compared to, say, the market for customer relationship management ($44.9 billion in 2023), contract lifecycle management, or CLM, is growing at a rapid clip. Gartner predicts that legal tech spending — which includes CLM — will increase threefold by 2025.
India’s Uolo raises $22.5M to bring edtech to the masses
Uolo, an Indian edtech platform that works with private K-12 schools to offer online learning programs to middle and low-income families, has raised $22.5 million in a funding round led by UAE-headquartered VC fund Winter Capital.
Ayurveda startup NirogStreet raises INR 100 Crores
NirogStreet, an Ayurveda startup, raised INR 100 Crores in a Series B funding round led by Jungle Ventures. NirogStreet Founder and CEO Ram N Kumar said, “This new fundraise will help us strengthen our supply chain, service offerings, and tech that will help us realize the vision we are working to achieve.”
Docquity, a community for healthcare professionals, raises $44M Series C
A call between doctors can save lives. That’s what Docquity co-founder Indranil Roychowdhury learned when his father was hospitalized with a life-threatening condition in India. An emergency room doctor initially told him that there was no chance of survival, but then another doctor called one of his peers in the United States, and they came up with an alternative treatment plan that worked. Docquity was created to help doctors collaborate in the same way, at scale, even if they live in different countries.
Used-car leasing firm PumPumPum raises $2 mn in equity funding
Founded in 2018, the Gurugram-based start-up claims to provide mobility alternatives for clients who have been compromising on their car ownership choices.
You no longer live only once as UOLO bridges the gap between schools and teachers
The platform was started in late 2020, on the back of a fund worth Rs 20 crore in a pre-Series A round led by Omidyar Network India and Blume Ventures.
Singapore'S Shipskart Raises $2.7M Series A Funding Led By TMV And Hermes Offshore
The fresh injection of funds will accelerate ShipsKart’s plans to expand its global footprint to other countries with strategic partnerships along with physical offices and warehouses. The team plans to open physical fulfilment warehousing centres located near ports for greater efficiencies. Doing so will help to improve cost-effectiveness and delivery services to meet the schedule of ships as they port.
PumPumPum Raises INR 5.5 Cr In Pre-Series A Round Led By Inflection Point Venture
The startup plans to use the funds for category disruption, consumer awareness, technology development, and expansion
B2B Ecommerce Startup Shipskart Raises Pre-Series A Round From Betatron
With this fresh round of funding, ShipsKart will continue to expand its global footprint and establish aggregator centres in India and abroad. The ecommerce startup also plans to improve its supply chain and procurement process.
Why India’s Unicorn founders backed this barely two-year-old legal tech startup
SpotDraft recently raised $1.5 million in a pre-series A from Binny Bansal’s 021 Capital, Freshworks CEO Girish Mathrubootham, among others.
Legaltech Startup SpotDraft Raises $550K Seed Funding From Hunch Ventures, 500 Startups, Others
The platform has revealed plans to use this capital from Hunch Ventures and others for scaling the business and marketing the product locally. The capital will be further utilised to bolster the startup’s presence in the contract automation sector, which boasts a market potential of $80 Bn.
FastFox.com raises Rs. 30 Crore in Series A funding round
FastFox.com has raised Rs. 30 Crore from Lightspeed India Partners, Blume Ventures, CyberAgent Ventures and others in Series A financing. FastFox.com is India’s first tech-enabled rental brokerage company. The company plans to invest the funds to improve its technology solution, perfect its service delivery model and expand the team across engineering, sales and operations.
