Stupa Sports Analytics scores funding for global expansion
Stupa Sports Analytics, a Gurugram-based sports tech company, has secured INR 280 million (USD 3.4 million) in a pre-series A funding round co-led by Centre Court Capital and PeerCapital.
The capital will support Stupa’s talent acquisition, product enhancement, and global expansion initiatives. The company aims to attract artificial intelligence and engineering talent to develop sports tech solutions and diversify its product offerings to cover a broader range of disciplines. It also plans to expand to the US, the UK, Australia, and the Middle East, while maintaining its presence in Europe and Asia.
Stupa offers a suite of AI-driven solutions for sports performance analytics, broadcasting, and sports digitization.
Singapore-based Chainstack secures strategic funding
Chainstack, a Singapore-based blockchain infrastructure provider, has secured strategic funding from SBI Ven Capital, Sygnum, Azimut Group, Unicorn Factory Ventures, and Ventech Ventures. The sum was undisclosed.
The company said that this investment will enable the advancement of its core product offerings, particularly white-label solutions for businesses looking to leverage the capabilities of blockchain technology.
Red Health closes USD 20 million Series B funding round
Red Health (formerly known as StanPlus), an Indian medical response platform, has raised USD 20 million in a Series B funding round, according to VCCircle. The round was led by Jungle Ventures, with participation from HealthQuad, HealthX, and Alteria Capital.
The funding will support the company’s development of technology solutions for the emergency supply chain, such as an auto-dispatch system to optimize response times. It also plans to expand its operations across 40 cities and partner with over 500 hospitals in India.
Go Digit seals pre-IPO funding
Go Digit, an Indian insurtech firm, has secured USD 141 million in pre-IPO funding, according to Entrackr. Anchor investors that took part in this round include SBI, ICICI Prudential, Axis Mutual Fund, Mirae Asset, Tata Flexi, Motilal Oswal, PGIM India, and Edelweiss.
Recent deals completed in China:
- Raypai Photonic Crystal, a Shanghai-registered supplier of augmented reality display modules, has secured an undisclosed amount of funding in two tranches, with Biyi Electric investing in the latest tranche. The first tranche saw participation from CVTE, VDL, and ABC International Holdings, and was completed toward the end of 2023. —36Kr
- Kuntai Maglev, a Hangzhou-based developer of magnetic levitation systems, has announced the completion of its Series A funding round, raising an undisclosed sum. The round was led by BlueRun Ventures. —36Kr
- AI-Sensing Technology, an enterprise focused on the R&D and production of bionic olfactory chips, has completed its pre-Series A round of financing. The round was led by CWB Capital, with participation from Huagai Capital, Hong Kong X Technology Fund, Gan Jie, Gao Bingqiang, and Megawave Capital. The company intends to allocate the funds for further technological advancements in chip development. —36Kr
- Good Feeling Fitness, a tech-enabled fitness company, has raised nearly RMB 200 million in Series C funding. The round was led by Hiyields Capital, with participation from existing shareholders and Longhua Capital. The funds will be utilized for operational purposes, expansion of physical stores, and investment in IT infrastructure. —36Kr
- Run Bo Technology, a military technology entity based in Chengdu, has announced the completion of a new round of equity financing. The round drew the participation of Zhongtian Fortune and Caitong Innovation. —36Kr
- Bytetree, an artificial intelligence data management platform, has raised an eight-figure RMB sum in an extended angel funding round. The investors include Cowin Capital and Xiangcheng Financial Holdings. Bytetree plans to use the funds for R&D and team building. —36Kr
Uber, Hysata, Active Surfaces and more led yesterday’s headlines:
- Uber Technologies agreed to purchase Delivery Hero’s Foodpanda business in Taiwan for USD 950 million. The deal, which is subject to regulatory approval and other customary closing conditions, is expected to finalize in the first half of 2025.
- Hysata, a Wollongong-based manufacturer of green hydrogen electrolyzers, announced the closing of a Series B funding round, which it said is the largest to date by an Australian clean tech company.
- Active Surfaces, a solar technology startup and MIT spinoff, secured USD 5.6 million in an oversubscribed pre-seed funding round led by Safar Partners, with participation from QVT, Lendlease, Type One Ventures, Umami Capital, Sabanci Climate Ventures, New Climate Ventures, SeaX Ventures, and other investors.
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