Mumbai, Fintech startup Fincel has raised Rs 15 crore in a bridge round led by Unicorn India Ventures and Cfund, with participation from other institutional investors.
The company said the funds raised will be used to set up the NBFC to scale up lending operations and provide greater value to its customers in insurance premium financing, as well as tie-up with insurers, intermediaries and lenders. Strategic partnerships can be developed. a statement.
It will also use the funds to broaden service offerings and enhance distribution channels.
Tim Matthews, Co-Founder and CEO of Finsol, said, “This interim bridge round will help us focus on growing our books and making a huge leap forward in being an NBFC in the insurance premium financing industry.,
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Sky Air raises US$4 million
* SaaS-based autonomous logistics solutions provider Sky Air on Wednesday said it has closed its Series A funding round by raising nearly US$4 million (about Rs 33 crore).
The company said the fundraising round was supported by Mount Judy Ventures, Chiratae Ventures, Venture Catalyst, Windrose Capital and Tremis Capital along with participation from Fad Capital, Misfits Capital, Hyderabad Angels, Soonicorn Ventures, other existing investors and family offices. Was received.
It said the fresh capital will help the company expand its last-mile network in Gurugram and other cities for health care, e-commerce and quick-commerce delivery.
The Delhi-NCR headquartered company focuses on integrating drone delivery as a mainstream logistics solution for various industries including healthcare, e-commerce, quick-commerce and agri-commodities.
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Star Air to operate flight services on Nanded-Nagpur, Nanded-Pune routes
* Regional carrier Star Air has said it will launch two new flights from Nanded from June 2, one to Nagpur and the other to Pune.It will be operated with Embraer E175 aircraft with a dual-class configuration of 12 business class seats and 64 economy class seats.
With the addition of these flights, Nanded is now connected to nine major destinations across India.
Simran Singh Tiwana, Chief Executive Officer, Star Air, said, "Nanded is an important market for us and by connecting it to Nagpur and Pune, we aim to support the growth of the region and provide convenient and efficient travel options to our customers."
Star Air currently operates its air services to 22 destinations in the country.
The company said the funds raised will be used to set up the NBFC to scale up lending operations and provide greater value to its customers in insurance premium financing, as well as tie-up with insurers, intermediaries and lenders. Strategic partnerships can be developed. a statement.
It will also use the funds to broaden service offerings and enhance distribution channels.
Tim Matthews, Co-Founder and CEO of Finsol, said, “This interim bridge round will help us focus on growing our books and making a huge leap forward in being an NBFC in the insurance premium financing industry.,
,
Sky Air raises US$4 million
* SaaS-based autonomous logistics solutions provider Sky Air on Wednesday said it has closed its Series A funding round by raising nearly US$4 million (about Rs 33 crore).
The company said the fundraising round was supported by Mount Judy Ventures, Chiratae Ventures, Venture Catalyst, Windrose Capital and Tremis Capital along with participation from Fad Capital, Misfits Capital, Hyderabad Angels, Soonicorn Ventures, other existing investors and family offices. Was received.
It said the fresh capital will help the company expand its last-mile network in Gurugram and other cities for health care, e-commerce and quick-commerce delivery.
The Delhi-NCR headquartered company focuses on integrating drone delivery as a mainstream logistics solution for various industries including healthcare, e-commerce, quick-commerce and agri-commodities.
,
Star Air to operate flight services on Nanded-Nagpur, Nanded-Pune routes
* Regional carrier Star Air has said it will launch two new flights from Nanded from June 2, one to Nagpur and the other to Pune.It will be operated with Embraer E175 aircraft with a dual-class configuration of 12 business class seats and 64 economy class seats.
With the addition of these flights, Nanded is now connected to nine major destinations across India.
Simran Singh Tiwana, Chief Executive Officer, Star Air, said, "Nanded is an important market for us and by connecting it to Nagpur and Pune, we aim to support the growth of the region and provide convenient and efficient travel options to our customers."
Star Air currently operates its air services to 22 destinations in the country.
