Quincus raises Series B, Manch Technologies raises $1.1 mn in pre-series A and more

SaaS news this week (25th September 2021-1st October 2021): Quincus raises Series B, Manch Technologies raises $1.1 mn in pre-series A and more
Quincus raises Series B, Manch Technologies raises $1.1 mn in pre-series A and more

Quincus raises Series B round led by UP Partners

Quincus is a supply chain optimization technology provider. The company has raised an undisclosed round of Series B funding led by UP Partners. The funds will be used to expand its global footprint in APAC, the Middle East, and select Latin American, European, and North American markets. It also plans to expand its team to over 400 people to support its operations. With this recent infusion, the company’s valuation goes over $100 million.

Manch Technologies bags $1.1 mn in pre-series A round led by BISF

Manch Technologies, a SaaS-based zero-coding digital transformation platform, has raised $1.1 million in a pre-series A round led by Bharat Inclusion Seed Fund with participation from other investors like Pentathlon Ventures. The company will use the new funding for scaling internationally and product development initiatives. Manch also plans to significantly increase investment across marketing, sales and customer support functions as it gears up to scale.

HappyCredit raises Rs 5 cr in pre-seed round

HappyCredit - an instant cashback rewards application, has raised Rs 5 crore in a pre-seed round recently. Investors include names like Kunal Shah (CEO, CRED), Krishna Kumar (CEO, Simplilearn) as well as US and Canada-based investors like Goodwater Capital, Magic Fund, MyAsiaVC, Alex Lin (CEO, Outlier), Jeremy Cai (CEO, Italic), Chris Ye (CEO, Uken Games), Saad Siddiqui (CEO, Bonsai), Andrew Ladouceur (COO, Bonsai), Charlie Feng (Co-founder, Clearco) amongst others. Funds raised will help HappyCredit launch new products, build talent and enhance the company’s growth.

Alteria Capital announces final close of its second venture debt fund at Rs 1,800 Cr

Alteria Capital received approval for its second venture debt fund with a target corpus of Rs 1,000 crore. The fund was booked two times the demand for the base target and has closed at Rs 1,800 crore. Alteria Capital II now has an AUM of Rs. 2,750 crore across two venture debt funds, raised from domestic investors. This is the largest pool of debt capital available for young businesses in India.

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