BEx Shorts

An Indian court rejected appeals made by Flipkart and Amazon.com to avert an antitrust inspection after CCI ordered an inquiry. The inquiry was demanded under allegations from retailers that foreign e-commerce players escalated some sellers on the platforms and employed practices to suppress competition.

NirogStreet has secured $2.5 million in Series A round. A cohort of investors viz. Pureland Venture, Gokul Rajaram of DoorDash, and Wavemaker Partners infused in the round. Other investors that participated in the round are Anuj Srivastava, Raj Mishra of Indea Capital, Sanjeev Shriya of Smart Chip, among others.

Outplay has secured $7.3 million in Series A round. The company is aiming at riding the tailwind of digitisation of outbound sales owing to the epidemic. It facilitates in automating, and personalizes sales calls as well as brings conversations from various channels. Its revenue has plummeted by four times.

Dozee has secured INR 44 crore in a Series A round. Prime Venture Partners led the round along with 3one4 Capital and YourNest Venture Capital. Fresh capital will be employed to increase R&D and launch new products, amid other things. The company has raised INR 63 crore to date.

BlackBuck has raised $67 million in a new funding round. Tribe Capital, IFC Emerging Asia Fund and VEF led the round. After the funding, the company is valued more than $1 billion. Existing investors, Wellington Management, International Finance Corporation and Sands Capital participated in the round.

Vegrow has secured INR 97 crore in its Series A financing round. Lightspeed Venture Partners and Elevation Capital together led the company’s round. Matrix Partners India, Titan Capital, Ankur Capital, and Better Capital took part in the round. Fresh capital will be employed for business expansion and launch new products.

GlobalBees has collected $150 million in a blend of equity and debt in its Series A round. FirstCry, Lightspeed Venture Partners and other investors led the company’s financing round. According to the business deal, Vikas Agnihotri, Harsha Kumar, Atul Gupta, Sudhir Sethi, and Kshitij will join the company’s board.

Eka.Care has secured $4.5 million in the latest round. 3one4Capital, Eximius Ventures, Speciale Invest and many other angel investors participated in the company’s funding round. Fresh capital will employ money to create its team, marketing, product enhancement and facilitate physicians in building up their digital clinics.

Light Microfinance has bagged INR 75 crore in Series A round. Impact investors, Nordic Microfinance Initiative, Incofin and Triple Jump infused money in the round. It is counted to be the first infusion of Triple Jump in India. The three investors aim at making social impacts beyond financial profits.

Proxgy has secured $250,000 in a pre-seed round. Lexical Systems and a cohort of angel investors, including Michael Dias and Associates, Suramya Choudhary and Inderjit Singh Makkar led the round. The company helps users to travel, research, shop,view the realty sector and visit any location via virtual reality.