ETtech Deals Digest: MindTickle, True Balance raise funds this week

MindTickle, Udemy, True Balance, Zeotap and DaMENSCH were among the startups that bagged funds this week.


Sales enablement platform
MindTickle landed $100 million in a mix of equity and debt funding, led by Japan’s SoftBank Vision Fund 2, along with participation from existing investors Norwest Venture Partners, Canaan, NewView Capital and Qualcomm Ventures.

The latest investment will see the Silicon Valley and Pune-based startup’s valuation double to around $500 million post-money, from when it raised $40 million led by Norwest Venture Partners in July last year. The deal will also mark SoftBank’s first Software-as-a-Service (SaaS) investment by its India team.


Edtech platform
Udemy bagged $50 million from global edtech and growth funds including Learn Capital, valuing the company at $3.25 billion pre-money. Udemy CEO Gregg Coccari said this year changed everything about how one lives and works, and people everywhere turned to online learning to help them meet new challenges.


True Balance

Fintech firm
True Balance raised $28 million (about Rs 207.7 crore) in funding from SoftBank Ventures Asia, Daesung Private Equity and others. The Series D round also saw participation from Naver, BonAngels and Shinhan Capital.


Zeotap said it has
picked up an additional $18.5 million (about Rs 137.7 crore) in its series C funding round from data-driven venture capital firm SignalFire. Zeotap is a customer intelligence platform (CIP) that helps brands better understand their customers and predict behaviours.


Men’s innerwear brand
DaMENSCH secured Series A funding of about Rs 50 crore from Matrix Partners India, Saama Capital, Whiteboard Venture Partners and Alteria Capital.

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