Finfactor has raised $15 million in a Series A round led by WestBridge Capital. Separately, Modulus Housing has secured nearly $7.83 million in a Series A round, while Ambak is raising around $7.84 million in its Series A round.
WestBridge leads funding in Finvu
Finfactor, parent of account aggregator Finvu, has raised $15 million in a Series A round led by WestBridge Capital. The funding also saw participation from existing investors Varanium Capital, DMI Sparkle Fund, and IIFL Fintech Fund.
The funds raised will be used to build and scale products, enhance Finfactor’s analytics suite, and strengthen its technology stack for banks and BFSI clients.
Co-founded by Manoj Alandkar and Munish Bhatia, Finvu is an RBI licensed NBFC account aggregator that enables secure data sharing between financial institutions with user consent. It provides an online platform that facilitates financial data aggregation for services like data analytics, personal finance management, and wealth management.
Modulus Housing raises $7.8m Series A
Proptech startup Modulus Housing has secured nearly $7.83 million in a Series A round led by Kalaari Capital, Hero, and Samarthya, Entrackr reported.
The round also drew investment from SVAS, Sigma, Zetwerk founder Srinath, Sanjiv Rangrass, and several other backers.
Modulus plans to use the capital to expand its presence across India and select global markets, accelerate R&D, develop a next-generation concrete modular system, and scale its cloud manufacturing network. The company also aims to advance its green concrete technology for distributed infrastructure applications.
Founded in 2018 by Shreeram Ravichandran and P Gobinath, Modulus Housing uses a factory-driven construction model to deliver modular buildings. The company leverages a cloud-based manufacturing network of partner factories and a proprietary product suite to produce structures for low-rise infrastructure.
Ambak secures funding from Peak XV, Z47
Home loan startup Ambak has initiated its Series A round, raising around $7.84 million (Rs 69 crore) co-led by existing investors Peak XV Partners and Z47 (formerly Matrix Partners), said another Entrackr report.
The funding also saw additional participation from DeVC and others.
According to the report, Ambak’s board has issued 3,111 Series A CCPS and 10 equity shares at an issuance price of Rs 2,20,405.6 per share to raise the above-mentioned amount.
Earlier in January, the company had raised $7 million through a combination of seed and pre-Series A rounds led by Peak XV Partners.
Founded in 2023, Ambak is an India-based fintech company that uses technology and a digital marketplace to streamline the home loan process for customers and lending partners.
