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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

Flam Secures $14M Series A to Revolutionize Mixed Reality Marketing with AI

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AI infrastructure startup Flam has raised $14 million in a Series A round led by RTP Global, with participation from Dovetail and existing investors, bringing its total funding to $22 million. Founded in 2021, Flam enables brands to create and deliver high-fidelity mixed reality (MR) and generative AI experiences without the need for app downloads, allowing consumers to access immersive content via QR codes or links in under 300 milliseconds.

Flam’s platform is already used by over 100 global brands-including Google, Samsung, and Netflix-reaching more than 380 million users. The new funding will accelerate product innovation, expand operations in North America, Europe, and Asia, and launch a full-stack enterprise suite for MR and GenAI-driven marketing. The company currently has over 120 employees and plans to grow to 180 by the end of 2025, aiming to transform every brand touchpoint into an interactive digital experience.

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Info Edge Delivers 36% Returns on Startup Investments

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Info Edge, the parent of Naukri.com, has achieved a 36% gross internal rate of return (IRR) on its startup investments since 2007, turning a total investment of INR 3,959 crore across 111 startups into a portfolio now valued at INR 36,855 crore-a nearly 9X gain. Early bets on Zomato and Policybazaar have been especially lucrative, with holdings in these two companies alone worth INR 31,500 crore as of March 2025.

The company’s investment strategy spans multiple vehicles, including the SEBI-registered Info Edge Venture Fund (IEVF), Info Edge Capital, and Capital 2B, with a combined fund corpus of INR 3,423 crore and Info Edge committing INR 1,614 crore. Early-stage investments now contribute 30-40% of the company’s overall value.

Info Edge’s Alternative Investment Fund (AIF) investments have yielded an IRR of 18.7%. Many portfolio companies, such as TrueMeds, Geniemode, Attentive.ai, and InPrime, have attracted follow-on funding from major investors like Accel, Peak XV Partners, and Tiger Global. Notably, BlueStone, the largest investment of Info Edge Capital, has filed for an IPO after securing investments from Prosus, Peak XV, and Steadview Capital.

Founder Sanjeev Bikhchandani emphasized the company’s focus on strong governance and financial controls, with a preference for value realization through public listings or strategic exits.

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Phab Raises $2M Seed Funding to Expand Healthy Snacking Brand

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Phab, the D2C healthy snacking brand co-founded by Ankit Chona of ice cream brand Hocco and his wife Gayatri Chona, has raised $2 million (around ₹17 crore) in a seed funding round led by OTP Ventures, with participation from Capri Global, Sim&San law firm, and angel investors.

Founded in 2018, phab offers protein bars and healthy milkshakes, leveraging Ankit’s decade-long food industry experience and Gayatri’s expertise as a certified nutritionist. The brand has sold over 2 million units and sells through e-commerce and quick commerce platforms like Amazon, Flipkart, Zepto, and Blinkit.

Despite a 12% dip in operating revenue to ₹5 crore in FY24, phab trimmed its net loss by nearly 3% to ₹6.8 crore, showing improved efficiency.

The new funds will be used to expand the team, invest in production capacity, and grow phab’s presence across digital, quick commerce, and offline channels. The brand competes with Yoga Bar, Beyond Snack, and The Whole Truth in India’s growing $68 billion healthy snacking market. OTP Ventures’ founding partner Suhail Sameer praised phab’s bold, differentiated approach and the founders’ vision, signaling strong investor confidence in the brand’s growth potential.

 

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