Qarmatek raises $3mn funding from GVFL, others New Delhi, Jan 19 (PTI) Qarmatek, a player in the refurbished and renewed electronics category, has raised USD 3 million (about Rs 22.3 crore) in funding, led by GVFL (Gujarat Venture Finance Ltd) and Caspian Debt.
In the preliminary stage, the funds will be utilised towards expanding and digitising operational capabilities, to scale across key domestic markets and to foray into B2C operations with Mobex, a brand by Qarmatek, a statement said.
Mobex is already present in tier 1 and II cities of Gujarat, and with this fresh round of funding, the brand is looking at expanding into the B2C markets in neighbouring states as well as cities with major urban and cultural influence, it added.
* * * * NowPurchase raises $2.4 mn from Orios Venture Partners, InfoEdge Ventures and others *NowPurchase, a procurement technology company for the metal manufacturing industry, on Wednesday said it has raised USD 2.4 million (about Rs 17.9 crore) in funding, led by Orios and InfoEdge Ventures.
Angel investor Neeraj Arora (ex-WhatsApp executive) also participated in the seed funding round, a statement said.
The Kolkata-based company will use the new funds towards expanding its procurement business by establishing a global supplier base and expanding into other parts of India, it added.
NowPurchase was founded in 2017 by Naman Shah and Aakash Shah, with an initial investment of USD 300,000 from Nipha Group.
* * * * Sahicoin raises $1.75mn funding from Alameda Ventures (FTX), others *Sahicoin, a crypto native social platform, has raised USD 1.75 million (about Rs 13 crore) in seed funding led by Alameda Ventures (FTX), Better Capital Ventures, and other institutional investors.
The fresh round of funding will be deployed to scale the team across engineering and product, and grow the platform, a statement said.
The round also witnessed participation from investors, including Cred founder Kunal Shah, cricketer Suresh Raina, YouTuber and Podcaster Ranveer Allahbadia and others, it added.
Founded by Amit Nayak, Ankush Rajput, and Melbin Thomas, the platform aims to empower the next billion crypto enthusiasts to make faster and better investing decisions.
Sahicoin brings together crypto experts and new investors to share crypto updates, trends, knowledge, and intelligent signals. Current users and experts are from India, the US, Canada, the UK, Singapore, UAE and 5 other countries. PTI SR MR MR
