FAE Beauty raises Rs 17 crore

New Delhi, Nov 24 (PTI) FAE Beauty on Monday said it has raised Rs 17 crore (USD 2 million) in a funding round led by Spring Marketing Capital, with participation
from existing investors, including Titan Capital Winners Fund, Arihant Patni, and angel investors.
     With this, the Mumbai-based company has raised a total of Rs 28 crore in capital so far.
    "With this raise, we plan to double down on product innovation, launch new face-forward categories, and strengthen our omni-channel presence across marketplaces, quick commerce, and offline retail," Karishma Kewalramani, Founder and CEO of FAE Beauty, said.
                            

Wealthy raises Rs 130 crore
Wealth-tech platform Wealthy on Monday said it has raised Rs 130 crore in a Series B funding round led by Bertelsmann India Investments.
     The round also saw participation from existing investor Alphawave Global and new investor Shepherd's Hill, among others.
     The company plans to use the funds to invest in technology, expand into
Tier 2 and Tier 3 geographies, onboard 50,000 distributors, according to a company statement.
     "The fresh capital will accelerate Wealthy's mission to empower India's rapidly growing mutual fund distributors (MFDs) with advanced AI-powered tools and digital infrastructure, transforming how Indian investors save, invest, and build long-term financial wealth," the company said.
     Wealthy has 20 offices across India, in cities including Bengaluru, Mumbai, Hyderabad, Ahmedabad, Surat, Jaipur, Gurugram, Delhi, Faridabad, Ghaziabad, Lucknow, Kanpur, and Kolkata.

                            
FinReach Solutions raises Rs 21.9 crore
FinReach Solutions has raised Rs 21.9 crore in a funding round led by Colossa Ventures, with participation from existing investors Michael & Susan Dell Foundation, Omidyar Network Fund Inc., and Caspian SME Impact Fund IV.
     This fresh capital injection adds to FinReach's earlier Rs 32.5 crore funding secured from its existing investors, bringing the total capital raised so far to Rs 54.4 crore.
     The new funds will be utilised to expand FinReach's operations and enhance its risk and technology platform, improving its capacity to evaluate and facilitate guarantees rapidly and on a larger scale, the company said in a statement.

(This story has not been edited by THE WEEK and is auto-generated from PTI)