Easy Bags $35 Mn To Offer Mortgage-Backed Loans To Home Buyers

Easy has secured $35 million in funding, led by Claypond Capital and Sumitomo Mitsui, with additional backing from existing investors Xponentia Capital, Finsight Ventures, Harbourfront Capital, and Pegasus India. The home finance company, founded in 2017, specializes in mortgage-backed loans and aims to offer paperless financing options to home buyers. With this fresh funding, Easy plans to expand its assets under management (AUM) to $300 million over the next two years and grow its presence to more than 150 locations across India.

Robotics Startup CynLr Raises $10 Mn To Automate Manufacturing Processes

Robotics startup CynLr has raised $10 million to advance automation in manufacturing processes. The funds will support CynLr's R&D and software engineering, as well as help double its workforce from 60 to 120 employees. The company intends to enhance its core CyRo robotics platform by improving hardware reliability and software efficiency, aiming for greater cost-effectiveness and better customer experiences. Since its founding, CynLr has secured a total of $15.2 million in funding.

Accel, Elevation To See 34X Returns; Prosus To Pocket $500 Mn

Accel and Elevation Capital are set to achieve significant returns in Swiggy’s IPO, with Accel selling around 10.6 million shares for over INR 412 crore, yielding a 34.9X return, and Elevation selling 7.4 million shares. Meanwhile, Swiggy's largest shareholder, Prosus, is set to gain approximately INR 4,255 crore ($500 million) by selling a fifth of its stake, marking a 3X return. While some brokerages have recommended bidding in the Swiggy IPO for long-term holding, others have issued "avoid" advisories.

Veefin Marks First Overseas Acquisition With GenAI Startup Walnut

Veefin Solutions has made its first international acquisition, purchasing a 50% stake in Singapore-based GenAI startup Walnut in an all-cash transaction. This follows Veefin's recent acquisition of a 26% stake in EpikInDiFi through a share swap deal that valued the company at INR 125 crore. Founded in 2020 by Raja Debnath and Gautam Udani, Veefin provides supply chain finance and lending solutions to banks and NBFCs, including clients like Yes Bank, Jio Financial Services, IndusInd Bank, and Hero FinCorp.

Marut Drones Bags $6.2 Mn From Lok Capital

Hyderabad-based Marut Drones has raised $6.2 million from Lok Capital to expand its tech-driven food and agriculture initiatives. The startup also plans to establish drone agriculture service hubs, offering Drone-as-a-Service through partnerships. Founded in 2019 by IIT alumni Prem Kumar Vislawath, Sai Kumar, and Suraj Peddi, Marut Drones specializes in developing drone-based agri-intelligence and automation solutions.