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Microlending Startup KrazyBee Raises Funds From Xiaomi, Shunwei Capital

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Microlending Startup KrazyBee Raises Funds From Xiaomi,KrazyBee Raises Money From Xiaomi and Shunwei Capital,Startup Stories,Business Latest News 2017,KrazyBee CEO Madhusudan,Startup KrazyBee Business Updates,KrazyBee India First Online Installment Store,Xiaomi,Shunwei Capital Invest in KrazyBee

Microlending firm KrazyBee, based in Bengaluru, has raised $ 8 million in Series A equity and debt financing round. This round was led by Xiaomi Technologies and Shunwei Capital with participation from E city Ventures and RK Group.

KrazyBee, founded in 2015 by E. Madhusudan and Wan Hong, is operated by Bengaluru based Finovation Tech Solutions Pvt., Ltd., and is an online microlending platform in India. The company will use the newly raised capital to strengthen their risk model and core algorithm to cater to new market segments and focus on product diversification. The microlending firm will also spend a portion of the funding for geographical expansion in their existing segments. Currently, KrazyBee operates in Bengaluru, Hyderabad, Vellore, Pune and Mysore. Post this funding round, the company plans to expand their services to six other locations.

Speaking about the investment, Xiaomi Technologies’ investment director, Shirley Mao said for such an enormous ecosystem like India, the need for urgent personal finance for purchase requirements is underserved. “A focus on tech based credit evaluation and compliant sourcing of funds can help capture and penetrate this market,” she added.

KrazyBee received their Non Banking Financial Institution license only in the month of June this year. The fresh funds will help in enabling the company to create a robust algorithm that would assist the platform in making system generated decisions on every profile. Speaking about the Series A round of funding, the CEO of KrazyBee, Madhusudan said, “Financial independence among young adults is the need of the hour. A solution which helps them avail personal finance at maximum ease and minimum time is going to win the game in this market.

The company raised seed funding from the microlending firm Fenqile and the venture capital firm YeahMobi in June 2016. They also raised $ 3 million in a prior funding round before the Series A funding round, from Plum Ventures in December 2016.  KrazyBee has raised a total of $ 13 million in funding till date. They claim to process nearly 1700 loan applications per day and boast of a nonperformance asset (NPA) score of less than 1%.

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Funding

Flick TV Secures $2.3M to Revolutionize India’s Micro-Drama Streaming Scene

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Flick TV StartupStories

Flick TV, India’s first mobile-focused OTT platform dedicated to micro-dramas, has secured $2.3 million in seed funding led by Stellaris Venture Partners, with participation from Gemba Capital and Titan Capital. Founded in early 2025 by Kushal Singhal, Pratik Anand, and Sanidhya Mittal, the platform aims to address the growing demand for high-quality, short-form storytelling tailored for mobile consumption. Unlike traditional user-generated short video platforms, Flick TV produces professionally shot, under-five-minute dramas across genres such as romance, thrillers, and slice-of-life—each crafted for vertical viewing to suit India’s rapidly expanding mobile internet audience.

The newly raised capital will be used to scale up content production, with plans to launch over 100 original titles, enhance the platform’s streaming technology, and expand offerings into four regional languages. Flick TV is also investing in generative AI and advanced workflows to streamline scripting and production, aiming to combine creative excellence with operational efficiency. The founders bring deep expertise from previous roles at ShareChat, EloElo, Meesho, and Pocket FM, positioning the company to bridge the gap between creator agility and cinematic storytelling in India’s nascent micro-drama ecosystem.

Industry observers see Flick TV as a frontrunner in India’s next entertainment wave, which is expected to be mobile-native, emotionally engaging, and built for short attention spans. With the micro-drama market projected to reach $5 billion in India over the next five years—mirroring the $7 billion success in China—Flick TV is poised to set new standards for premium, binge-worthy short-form content and redefine streaming for the modern Indian viewer.

 

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Imarticus Learning Acquires MyCaptain for INR 50 Crore to Boost Non-Tech Upskilling

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My Captain

Imarticus Learning, an IPO-bound professional education firm, has acquired Bengaluru-based edtech platform MyCaptain for INR 50 crore in a cash-and-stock deal. This marks Imarticus’s fourth acquisition in four years and is aimed at expanding its presence in non-tech career training, especially across India’s Tier-II and Tier-III cities. MyCaptain, which has over 500,000 learners and a revenue of ₹27 crore for FY25, specializes in creative and entrepreneurial fields, with 60% of its users from smaller cities.

 

With this acquisition, Imarticus will bring MyCaptain’s employability bootcamps in digital marketing, design, and content to its 20+ classroom centers in 16 cities, blending online and offline learning. MyCaptain will operate as a fully-owned subsidiary, and all 250 of its employees will join Imarticus, expanding the combined workforce to over 850. The move supports Imarticus’s goal to reach five million learners by FY28 and deepen its offerings in non-tech domains.

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Ex-100X.VC Partners Launch 247VC, Announce INR 250 Crore Fund for Seed-Stage Startups

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StartupStories

Former 100X.VC partners Yagnesh Sanghrajka and Shashank Randev have launched a new venture capital firm, 247VC, unveiling a maiden fund with a target corpus of INR 250 crore (about $30 million). The SEBI-registered Category II AIF includes a base of INR 200 crore and a INR 50 crore greenshoe option, and is focused on backing 30 seed-stage startups across India over the next three years.

 

247VC will target high-potential founders in sectors like deeptech, enterprise tech, consumption, and Industry 5.0, with initial cheque sizes ranging from INR 3 crore to INR 4 crore and follow-on capital for top-performing companies. The fund has attracted prominent early backers, including Sachin Tagra (JSW Ventures), Vivek Mathur (ex-Elevation Capital), and Shailendra Majmundar (Johns Hopkins University).

Sanghrajka and Randev, who together have invested in over 200 startups previously, aim to support ambitious founders building for scale and innovation, especially in emerging and underexplored markets. The launch comes as seed-stage investing gains momentum in India, with average cheque sizes rising despite a cautious funding environment.

 

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