Investors are bullish about the company, lured by the growing adoption of ultra-fast delivery platforms despite the high cash burn that typically accompanies these kinds of good-for-consumer businesses.
On Tuesday, the Bengaluru and San Francisco-based startup said it has secured $100 million in a Series C funding round led by Greenoaks. Existing investors Nexus Venture Partners, Lightspeed Venture Partners, and Vertex Ventures also participated in the round.
While Infra.Market s core market has primarily been around its business-to-business vertical, it expects the B2C and retail division to act as a customer acquisition tool for its main business.
Edtech unicorn Unacademy has changed the target for its cofounders Gaurav Munjal and Hemesh Singh to access additional voting rights through bonus shares issued to them in 2022. Industry sources said this move throws light on Unacademys changing ambitions as well as the broader sluggishness in the startup funding ecosystem.
Sedemac Mechatronics raises $100 million from A91, Xponentia and 360 ONE Asset moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.