Beej Daily Updates (19-08-2023)

Fintech startup Vegapay raises $1.1M pre-seed funding

Digital lending and card management platform Vegapay has secured $1.1 million in pre-seed funding. Vegapay plans to use the funds towards developing its technology to enable frontline adoption for traditional and non-traditional institutions, It also aims to create an omnichannel lending solution, which would help institutions customise the type of product they choose to offer, such as co-lending, secured credit, and unsecured credit.

Serial Entrepreneur Mukesh Bansal Raise $50 Mn For New Fashion Venture

Mukesh Bansal raise $40-$50 Mn at a post money valuation of $100 Mn for his new fashion venture. Mukesh Bansal, who founded fashion ecommerce giant Myntra and fitness startup Cultfit, is reportedly in talks to raise funding for his new venture in the premium fashion space which will be focussed on Gen Z.

AI-Led Platform AayushBharat Raises Undisclosed Seed Funding

AayushBharat, a Jaipur-based AI platform, has raised an undisclosed amount in a seed funding round. As per the startup, the freshly raised funds will be used to improve AayushBharat’s technology stack, expand its user base, and introduce new features. AayushBharat also aims to raise additional capital in its upcoming funding round to accelerate growth and expand operations. This includes the development and expansion of AayushRetreat, a specialized service offering holistic wellness and rejuvenation, taking individuals on transformative wellness.

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