IFMR Capital, which provides access to capital markets to financial institutions serving excluded individuals and businesses, is raising about ₹340 crore ($50 million) from Standard Chartered Private Equity, with the first tranche of about ₹115 crore ($17 million) completed. This round of fund raise follows the $25 million that IFMR Capital got from Eight Road Ventures in November. It has so far raised $104 million since 2014. The fresh round of funds will help IFMR Capital strengthen its business in unbanked sectors, including in affordable housing finance, small business, vehicle finance, agriculture finance and micro-finance. It will also help IFMR Capital bolster its product innovation and address the capital needs of new-age financial institutions in other sectors.

₹75-cr funding for Ofbusiness

Ofbusiness, a technology-enabled marketplace, has raised ₹75 crore in a Series B round led by Zodius Technology Opportunities Fund, a leading growth stage tech and digital fund. Existing investor Matrix Partners India participated in this round. Launched in January, the Gurgaon-based venture helps in price discovery, reliability and financial access in the SME space. It combines commerce, credit and logistics services for SMEs in the geographical clusters it operates in. It is present in 10 industrial and construction clusters. It plans to cover more than 30 clusters, add more product lines. With the latest round, Ofbusiness has raised over ₹100 crore.

Indifi Tech gets $10 m in Series B

Indifi Technologies, which enables micro, small and medium enterprises financing, has raised about ₹68 crore ($10 million) in a Series B round, from Omidyar Network and with participation from existing investors Accel Partners and Elevar Equity. It will use the money to improve the product line-up and technology. It is present across travel, e-commerce, retail and hotel segments.

Pocket Aces receives ₹20 crore

Pocket Aces, a leading original digital content creator, has raised about ₹20 crore ($3 million) from a group of investors led by Sequoia Capital India. The other investors include North Base Media, TV Mohandas Pai-led Aarin Capital, 3one4 Capital, Axilor Ventures and FreeCharge founders Kunal Shah and Sandeep Tandon. Pocket Aces will us the money to create content, bolster its technology base and strengthen the team. It plans to create over 500 short-form live-action and food videos and at least six long-form properties over the next year.

ten3T raises seed funding

ten3T, a Bengaluru-based medical grade wearable device start-up, has raised an undisclosed amount of angel funding from Pi Ventures. A group of angel investors, including V Krishna Prasad, co-founder, Qikwel, Bhupen Shah and investors from the Silicon Valley and Bengaluru participated in this round. ten3T has developed its first wearable medical device Cicer, which will make cardiac health easily accessible to everyone. The funds will be used to beta test Cicer in multiple healthcare settings, including in doctors in private practice, nursing homes and for at-home monitoring.

₹34-lakh investment for VivoCarat

VivoCarat.com, an online jewellery marketplace, has raised about ₹34 lakh ($50,000) in seed funding from a group of individual investors. It will use the money for product development, team building and marketing. Our Bureau

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