UnifyApps, an enterprise-focused artificial intelligence startup, has amassed $50 million in its Series B funding round. Separately, Berar Finance, a non-banking financial company, has secured Rs 150 crore in funding, led by Norwegian investor Abler Nordic and First Bridge India Growth Fund.
UnifyApps raises $50m in Series B round
UnifyApps, an enterprise-focused artificial intelligence startup, has secured $50 million in Series B funding, led by WestBridge Capital, according to media reports.
The round also saw the participation of ICONIQ and Lowe’s Ventures.
With this, the company’s total funding has reached $81 million since its inception in 2023.
Going forward, UnifyApps will use the funds to expand its presence in Europe and ramp up headcount. It also plans to use a part of the corpus to fast-track platform development and build a library of pre-configured applications.
UnifyApps raised $20 million in its Series A round led by INCONIQ Venture & Growth, the tech focused direct investment arm of ICONIQ, in 2024. The same year, it secured $11 million in its seed round led by Elevation Capital.
Abler Nordic, First Bridge back Berar Finance
Berar Finance, a Nagpur-based non-banking financial company, has amassed Rs 150 crore in funding, led by Norwegian investor Abler Nordic and First Bridge India Growth Fund, per an announcement.
As part of the transaction, Amicus Capital Partners has partially exited its investment.
Berar plans to use the corpus to strengthen its footprint in the two-wheeler loan segment and scale its secured lending to micro, small, and medium enterprises (MSMEs), a core area of strategic growth for the firm.
The firm also counts Maj Invest amongst its other backers.
Established in 1990, Berar Finance is one of the longest-standing vehicle finance NBFCs in Nagpur. It focuses on improving financial inclusion for rural and semi-urban communities—primarily households with monthly incomes below $350. Its clientele includes small business owners, farmers, and traders who rely on mobility for their livelihoods and require access to capital to grow their enterprises.
