Ankur Capital, an early-stage investor that focuses on tech-driven businesses, has invested in a health-tech startup and an agri-tech
Buy now, pay flexibly (BNPF) embedded finance platform Rupifi for micro, small and medium enterprises (MSMEs) on Friday announced to have raised $4.1 million in a pre-Series A round led by Quona Capital, with participation from Ankur Capital and Flipkart co-founder Binny Bansal.
India-based VC firm Ankur Capital announced it has closed an intermediate round of its Fund II at 3.3 billion rupees (US$45.4 million). It received new funding from the MacArthur Foundation, the Biotechnology Industry Research Assistance Council, and the National Bank for Agriculture & Rural Development.
Captain Fresh, the B2B marketplace for the seafood supply chain, has raised $3 million in seed capital led by Matrix Partners India and Ankur Capital. The round also saw participation from Incubate Fund, along with marquee investors like Jitendra Gupta (Jupiter Money), Amrish Rau (Pine Labs), Asish Mohapatra (OfBusiness) and Revant Bhate (Mosaic Wellness), and ADB Ventures (the venture arm of Asian Development Bank).
Last month, Whitney Wolfe Herd made history on several fronts. The 31-year-old became the world’s youngest self-made woman billionaire after taking Bumble for an Initial Public Offering (IPO) and also the youngest woman founder to take a company public.
The agriculture sector is betting big on AI and data science. Founded in 2015 by Sateesh Nukala and Sachin Nandwana, Bighaat has harnessed data science to create a platform for farmers to help them in sowing, harvesting and providing crop advisory and accessibility to a wide range of high-quality farm inputs.
ImpactAlpha, Jan 27 – Commercial investors tend to steer clear of businesses targeting low-income customers, leaving billions in India without access to affordable and essential products and services. Mumbai-based Ankur Capital seeks out early and even unproven businesses in agriculture, food, health care, financial inclusion and education using technology to drive down the cost of delivery of high-impact products at scale.
The company, founded in 2016 by Geetha Manjunath and Nidhi Mathur, claims its method of breast cancer screening can detect tumours that are five times smaller than what could be detected through a clinical examination.
Aditya Jahagirdar is a member of the investment team at Ankur Capital, based in Bengaluru, India. A B Chakravarthy was previously principal at Menterra Venture Advisors in Chennai, India, where he led the firm’s agriculture-related investments. This article represents the views of the authors and not necessarily those of AFN.